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d. Mr. Barbe informed the Commission that a fire had damaged FIRE DAMAGED Parcel 3 -4, 208 Iowa Street, in the LaSalle Park Project in the PARCEL 39 -4 IN approximate sum of $300 to $400. This parcel is under option. He LASALLE PARK also pointed out that the owner's fire insurance had been cancelled, APPROVED FOR and that the property was being purchased for clearance. After CLOSING discussion the Commission determined that since the premises were vacant, that there was no insurance in effect, and that the property was going to be demolished, the full offering price be paid to the owners. The Commission approved the payment of $2,835, less expenses to the owners, Oather and Mandie Alford, upon delivery of thrir warranty deed. The motion was made by Mr. Kompar, seconded by Mr: Koczan. e. he Commission voted to approve the staff recommendation INVESTMENT OF that a t tal of $798.525.77 from LaSalle Park Project Funds be FUNDS IN U. S. invested in U. S. Treasury Bills as follows: $418,000 for nine TREASURY BILLS months, 205,000 for six months, $152,000 for three months and $50,000 or 30 days. Motion was made by Mr. Louis, and seconded by Mr. K czan. f. With legal counsel recommendation, the Commission adopted RESOLUTION 153 Resolution 153 which authorizes the filing of a condemnation suit FOR LASALLE, R -57 for 21 County owned properties in the LaSalle Park Project. Mr. Kompar made the motion, seconded by Mr. Koczan. This action is the only procedure the Redevelopment Commission can follow to obtain clear title for these properties. 7. a. Tie staff is preparing now for closing out the Sample Street MAJOR COMPLETION P dject, -7.' In connection with this, a major completion grant GRANT REQUEST request 13 being submitted to the Chicago DHUD office, and upon DHUD SUBMISSION TO approval, a formal request for final audit will be submitted. The DHUD major com letion grant merely certifies that 95% of all the work items havB been completed and the federal government is to pay the South Beni Redevelopment Department 95% of the federal grant. The additiona 5% federal grant is due us upon closing out the Sample Street Pr ject. The money will be used to pay off the 2/3 portion of the net c st of the project which is now outstanding as a loan and thus draw'nQ interest. b. Tie Mayor's Advisory Committee on Community Improvement met MAYOR'S ADVISORY this morning, November 17, 1966. The Committee has not finalized COMMITTEE the Subco ittee's Housing Report as yet, and another meeting has been scheduled for Wednesday, November 23, 1966, 8:00 a. m., in the office of the Redevelopment Department. The next eeting of the Redevelopment Commission will be a special meeting a 3:00 p. m., December 1, 1966, in the office of the Redevelop ent Department. 8. On motionlduly made and passed, meeting adjo W.( Ja 'Ching, ExecutiveAirector -5- C at 4:20 p. m. v� c A. Wiggins, P t NEXT MEETING ADJOURNMENT