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b., T e Redevelopment Commission approved the execution of 5 additional option-agreements for LaSalle Park, upon the motion by Rev. Kirk, seconded by Mr. Kompar. This approval is for 4 improved parcels ane 1 vacant parcel and are identified as Parcels 8 -6 for OPTION AGREE - $3,935, 13-9 for $4,500, 27 -4 for $2,700, 37 -13 for $5,840 and 39 -11 MENTS LASALLE for $505. There are now a total of 108 options signed by owners and PARK, R -57 76 are now owned by the Redevelopment Department. A total of $267,440 has now be n spent for the 76 parcels that are closed, which is about 1/3 of the Redevelopment Department monies set aside for acquisition of properties in LaSalle Park. c. 1he Indiana Urban Renewal Association is holding its bi- monthly meeting in Indianapolis on February 10th with the Executive Committee meeting,on the evening of February 9, 1967. The Commission authorized Mr. Barbe o attend the 9th and 10th, and 2 other persons to attend on IURA MEETING February.l th only, upon the motion by Mr. Kompar, seconded by Rev. Kirk. FEBRUARY 10 d. The staff received approval from the Commission, upon the motion:,by Mr. Kompar, seconded by Rev. Kirk to make the following INVESTMENT investments: (1) From the Urban Redevelopment District Capital OF FUNDS Fund, $300,000 is invested for a period of 1 year, at an interest rate of 4.50% and (2) from the Project Expenditures Account Fund, R -57, $250,000 w ll be invested for a period 66rthree months. 6. a. or's Advisory Committee - The Mayor's Advisory Committee MAYOR "'S could not beet last night, February 1, 1967 because of the bad weather ADVISORY forecast. A meeting will be held the evening of February 7, 1967 in COMMITTEE the office of the Redevelopment Department. b. Loan and Grant Application, Industrial Expansion, R -56. The Chicago Office will send representatives to this office to go over LOAN AND in detail our Loan and Grant Application for the Industrial Expansion GRANT R-56 Project, R-56, on February 7, 1967. c. Greater South Bend Housing Corporation. Tonight at 7:00 P.M., the Greater South Bend Housing Corporation will meet at Zion Church. NON- PROFIT This newly formed group has great interest in becoming the.non- profit HOUSING GROUP organization to build housing in the LaSalle Park Project. d. ha in Street Disposition R -29. The Commission is happy to CHAPIN STREET announce t at a check has just been received today from the Housing DISPOSITION Authority Jor the purchase of Parcel No. 1 in.the Chapin Street Project,R -29 R -29, in the amount of $81,667. At this point in the meeting, opportunities were given by the President for questions. Questions were asked about the diagnostic survey, the Commission's feelings relative to the new post office building, and the problem of relocation of large families. Discussions were held at length and satisfactory answers were given by the.President. - 4 -