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RM 10-17-68
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RM 10-17-68
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val of <br />proper - <br />tory Aj <br />Of the <br />is nec4 <br />to rem <br />sites, <br />ties. <br />by thri <br />in ordi <br />tion t+ <br />of acgi <br />evalua- <br />South i <br />by the <br />Kompar <br />was ad( <br />b. <br />concur <br />Fixtur <br />Irremo <br />which <br />Lion. <br />based <br />pany. <br />be cla <br />but ar <br />air -co <br />space. <br />author <br />Office <br />ney, s <br />adopte <br />Mrs. A <br />Depart <br />incurr <br />area, <br />Mrs. A. <br />of a pi <br />and Co: <br />out the <br />the De] <br />-office <br />involve <br />reloca <br />Urban l <br />the Commission's concurred in price. The <br />ies are a part of the Urban Renewal Amenda- <br />plication for the LaSalle Park Project, R -57. <br />126 parcels involved, many'are vacant. It <br />ssary to purchase these properties in order <br />,ve substandard conditions, assemble building <br />and to remove liens against certain proper <br />The properties involved have been appraised <br />e independent appraisals -- reviewed and found <br />r, and the next step is to submit documenta- <br />HUD office with Commission's recommendation <br />isition priees. These appraisals will be <br />ed in the HUD office and field checked in <br />end before any - concurrence in price is issued <br />Federal Regional Office. On motion by Mr. <br />seconded by Mr. Chenney, Resolution No. 237 <br />pted. <br />RESOLUTION NO. 238; This is a request for <br />ence in Acquisition Prices for Irremovable <br />s, in the Central Downtown Project, R -66. <br />able's are defined as fixtures and equipment <br />annot be relocated to a new building loca- <br />These irremovable appraisal values are all <br />n expert evaluation from the S. M. Dix Com- <br />Examples given the Commissioners which could <br />sified as "Irremovable Fixtures" included, <br />not limited to shelving, bank vaults, or an <br />ditioning unit, designed for a particular <br />The request was made to the Commission for <br />nation to submit these values to the Chicago <br />for their approval. On motion by Mr. Chen - <br />conded by Mr. Kompar, Resolution No. 238 was <br />len asked the question if the Redevelopment <br />ent would be able to pay the moving expenses <br />d by businesses located within the downtown <br />ho are displaced by normal city improvement <br />s. Mr. Bellinger stated that he believes <br />len is referring to the proposed construction <br />rking structure at the intersection of Main <br />fax Streets, which will be undertaken with - <br />use of Urban Renewal funds. He stated that <br />artment discussed this problem with the HUD <br />and was notified that the relocation cost <br />d by such city action would be eligible for <br />ion expenses as outlined in the Downtown <br />enewal Plan. <br />6 - <br />RESOLUTION NO. 238, <br />CENTRAL DOWNTOWN <br />PROJECT, R -66 <br />
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