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4. NEW
<br />a. Reso
<br />by Mr. Helme
<br />Executive Di
<br />Redevelopmen
<br />Loan Notes f
<br />for a period
<br />1967 at 1:00
<br />Time).
<br />b. The (
<br />in the LaSal]
<br />by Rev. Kirk.
<br />(vacant lot)
<br />now 100 optic
<br />of 235 parcel
<br />improved and
<br />5.
<br />Ltion 158,was approved by the Commission, upon the motion
<br />RESOLUTION 158
<br />seconded by Mr. Chenney. This resolutidn authorizes the
<br />CHAPIN, R -29
<br />actor, Assistant Director, or.Finance Officer, of the
<br />Department;, to accept bids on the sale of Preliminary
<br />the Chapin Street Project, R -29, in the amount.of $568,000
<br />,f six months. Bid opening is scheduled for January 17,
<br />. M. Eastern Standard Time (12 Noon Central Standard.
<br />mmission unanimously approved the acceptance of 3 options
<br />OPTION AGREE -
<br />Park Project, .upon the motion by Mr. Kompar, seconded
<br />MENTS APPROVED,
<br />The parcels are as follows: 21 -37B for $5,265;:27-9
<br />LASAL'LE, R -57 .
<br />or $555; 31 -9 for $4,500. With this report, there are
<br />s signed, 63 have been closed; out of an original total
<br />for acquisition, approximately 160 of these parcels are
<br />5 are vacant lots.
<br />EPORTS
<br />a. Rehab litation .LaSalle Park :R -57. The staff has 300 homes REHABILITATION,
<br />which are,sch duled for rehabilitation, of this number 4 °have-been LASALLE, R -5.7,t
<br />substantially completed. There are also about 10 homes.in various
<br />stages of rehabilitation.
<br />b. Dis o ition Cha in Street R -29. The $73,000 check from DISPOSITION,
<br />the Park Depa tment for the purchase of Parcel No. 2, Chapin Street . CHAPIN, R -29
<br />Project, . Indi na R -29, has been banked by the Redevelopment Department
<br />In a matter o days, we expect the check from the Housing Authority,
<br />for Parcel No 1.
<br />c. Relocation Adjustments, Chapin Street R -29. A check in -the, RELOCATION
<br />amount of $74,000 has been received by the Redevelopment Department ADJUSTMENT PAY-
<br />from the federal government to be used for relocation adjustment
<br />payments in connection with the Chapin Street Project, R -29. Those
<br />relocatees who are eligible will be granted up to $500, all federal
<br />money. The Relocation Director will advertise in the South Bend
<br />Tribune, as a way of notification. In submitting application for
<br />these funds, the Redevelopment Department staff figured the maximum
<br />federal amount available, to be assured that enough money for this
<br />purpose will;: eet any required need.
<br />d. Industrial Expansion Project, R -56. The staff has submitted INDUSTRIAL EXPAN-
<br />the Part I Loan and Grant Application to the Chicago office for approval. SION PROJECT, R -56
<br />If this project meets with the approval of the Chicago office, other
<br />requirements are a public hearing, approval by the Common Council, and
<br />Area Plan Commission. Upon the establishment of a fair market value,
<br />any redevelope who submits a plan for redevelopment may negotiate
<br />for the land.
<br />e. Centra Core Pro ect Indiana R -66. The Planning Contract
<br />will be submit ed to the Chicago office for review. The market
<br />analyst has be Itudy n selected to prepare the Land Utilization and
<br />Marketability and the Transient Housing Study, both studies to
<br />-3-
<br />CENTRAL CORE
<br />PROJECT, R -66
<br />
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