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6. NE1W BUSINE <br />The g ants are for $3,000 each . On motion by Mr. <br />Helme , seconded by Mr. Wilhelm, the grants for <br />the a ovd- stated parcels were unanimously approved. <br />b. Option Agreements: Approval and acceptance <br />was requested of three (3) Option Agreements, in <br />the LaSalle Park Urban Renewal Project, R -57, for <br />the f llowing parcels on the Amendatory Acquisition <br />list: <br />Nos. 7 -10, 12 -8 amd 29 -12. <br />On motion by Mr. Wilhelm, seconded by Mr. Helmen, <br />the o Lion agreements for the above- stated parcels <br />were nanimously approved. <br />c <br />the c <br />Compa. <br />Contr <br />Later <br />repor <br />$5.00 <br />is, i <br />incre <br />often <br />out o <br />dista. <br />They <br />and s' <br />this <br />Mr. H <br />Order <br />was u <br />M <br />with <br />stra <br />This <br />for a( <br />the of <br />$55.0( <br />each l <br />addit: <br />$45.0( <br />$2,00( <br />appri: <br />that I <br />for c( <br />for r( <br />secon( <br />were <br />Change Order No. 1: This is an amendment to <br />ntract dated August 18, 1966, with the Abstract <br />y of St. Joseph County, Inc., to change the <br />ct compensation from $10.00 to $15.00 for each <br />Date Preliminary. The charge for the title <br />remains the same. Mr. Helmen stated the <br />charge, which is considered a nominal amount, <br />essence, not actually nominal as it is a 50% <br />se. Mr. Barbe apprised in rehabilitation, <br />imes we are dealing with mortgage companies <br />town, and the title company incurs long - <br />ce calls to get these up -to -date reports. <br />ork with the owners and check liens, mortgages <br />its that may show as a default by title. As <br />s a charge set four months ago and is firm, <br />lmen made the motion for adoption of Change <br />No.l, seconded by Mr. Wilhelm. The motion <br />animously carried. <br />Title Contract: Approval of title contract <br />he Abstract Company of South Bend and the Ab- <br />Company of St. Joseph County, Inc., in an <br />not to exceed $11,000 each was requested. <br />s a basic contract for finishing all titles <br />quisition. The fee for each title report for <br />iginal title will be scaled from $70.00 to <br />, based on age of the abstract; $15.00 for <br />ater Date Report; $3.50 for each $1,000 of <br />onal title insurance; disposition title <br />plus $2.00 per each $1,000 of the first <br />and $3.50 per $1,000 thereafter. Mr. Barbe <br />ed our Commission Legal Counsel has advised <br />igher rate of insurance should be obtained <br />mmercial property than what has been carried <br />sidential property. On motion by Mr. Wilhelm, <br />ed by Mr. Helmen, the above title contracts <br />pproved, not to exceed $11,000 each. <br />OPTION AGREEMENTS <br />APPROVED, PARCEL NOS. <br />7 -10, 12 -8 & 29 -12, <br />LASALLE PARK URBAN <br />RENEWAL PROJECT, R -57 <br />CHANGE ORDER NO. 1, <br />ABSTRACT CO. OF ST. <br />JOSEPH COUNTY, LASALLE <br />PARK URBAN RENEWAL <br />PROJECT, R -57. <br />TITLE CONTRACT, <br />CENTRAL DOWNTOWN <br />URBAN RENEWAL <br />PROJECT, R -66 <br />