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d, Upon motion by Mr. Kompar and seconded by Mr. Koczan, REQUEST FOR Resolution No. 142 of the South Bend Redevelopment Com- CONCURRENCE mission authorizing filing of HHFA -Form H -6144, "Request IN ACQUISI- for Concurrence in Acquisition Prices," was unanimously TION PRICES approved e. Mr. Chong had a copy of a letter addressed to a SOUTH BEND redeveloper from Deputy Director Tiede of the Federal TO RECEIVE Housing Administration in Indianapolis, granting approval RENT of 150 units of rent supplement aid of $90,000 for an SUPPLEMENT indefinite number of years. This will average $50 per month, South Bend is the first city in the State of Indiana to receive such a preliminary reservation, and it is is giant step towards relocation problems. LaSalle Park residents will have priority, but first there are subsequent steps which must be complied with. This commitment is vital to securing a redeveloper. f. - he:staff has been investigating aiding families FINANCIAL AID in the LaSalle Park area whose properties will be pur- TO LaSALLE PARK chased.- It -is recommended that we pay the cost of RESIDENTS abstract an title service for the residents, even though this is a cost usually absorbed by the sellers. The cost of. his will average approximately $60 per property and will total approximately $14,000. This aid is neces- sary because of the extreme hardship of families in the area. A proval for this has not yet been received from the regional office, but it is expected to be forthcoming. Upon motion by Mr. Louis and seconded by Mr. Kompar, the Commission unanimously approved the payment of this service Lpon approval by the regional office. g. f fourteen option agreements which have been signed, OPTION AGREEMENTS thirteen have been signed by the Commissioners. The first closing is scheduled for August 12. Upon- motion by Mr. Kompar and seconded by Mr. Koczan, the Commission approved the option agreements as they have been signed at the stipulat d amounts. The option agreements are as follows: 1. AlteE Lee Barr $4565 Parcel #31 -13 2. DeWitt J. Talton, Jr.- 4850 #34 -16 3. Wellington St. Chapel 4900 #26 -15 4. Lenard Jones; 3235 #31 -12 S. Elijah Walters 3400 $40 -12 6. Christ D. Vlahakis 5000 #38 -8 7. William V. Chinn 2465 #28 -1 8. Place & Co., Inc. 9420 #14 -1 9. Place & Co., Inc. 9435 $15 -1 10. Place & Co., Inc. 9435 #15 -2 11. Plac & Co., Inc. 9435 ##16 -1 12. Plac & Co., Inc. 9365 ##16 -2 13. Rich rd Landis 3750 #9 -19 8. PROGRESS REPORTS a. Industrial Expansion Project, R -56. The staff is attempt- FINAL REPORT ing to complete the final report on the Industrial Expansion M.