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price we are able to offer them is a fair, adequate and just price for <br />their property. The concurred -in price will be the average of three <br />separate private appraisals, which are submitted to HUD for their ap- <br />proval. <br />Mr. Jim Miller, South Bend Tribune Reporter, asked how many parcels <br />are involved for the negotiator to contact? Mr. Bellinger apprised <br />about 230 parcels are involved in the Central ©owntown.Project. There <br />wil be some variance in the,parcels, as some may be removed from acqui- <br />sit on. <br />Mr. Jack Bowe, WSBT -TV Reporter, inquired if the negotiator will be em- <br />plo ed on a per month salary basis or contractual basis. Mr. Bellinger <br />app ised the negotiator's fee will be based on the established guide - <br />lin of negotiator fees set by HUD and is based on the value of each <br />pro erty. <br />Mr. Bellinger apprised approximately 10 Million Dollars is the approxi- <br />mate amount of real estate to be acquired in this project. Mr. Weaver <br />wil be on a contractual agreement with the Commission, will be respon- <br />sib a to the Commission, and whoever Mr. Weaver hires will be under Mr. <br />Weaver and paid by him. <br />b. Review and select a proeosed retirement program for the Re- <br />dev to meet to It was unanimous y .agreed to hold this item in <br />a e ance and to place on the agenda for the next Regular Commission <br />mee ing. <br />c. Other business: Mr. Helmen inquired as to what progress has <br />beer made on the etter of Commitment? Mr. Bruce Hammerschmidt dis- <br />cussed the exception taken in the letter and said he is currently work- <br />ing with HUD on this. There is no problem with the railroad. They are <br />ve.r3 accommodating and in agreement. <br />4. With the conclusion of the business for which this meeting was <br />called, on motion duly made by the Commission members, the meeting <br />adjourned', at 4:55 P.M. <br />Bellinger, Executive /Dire <br />-3- <br />