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6. NEW BUSINESS (Cont'd <br />Mr. Ko as asked the purchase pri,ce.'of this option? <br />Mr. Bruce C. Hammerschmidt, Commission Legal. <br />Counsel, stated the option prices have always . <br />been held confidential, and this. is covered under <br />an Indiana law. When an option is signed, it is <br />a contemplated sale by the owner only. Until an` <br />actual transfer of property takes place, it is <br />not fi alized, and, consequently, is not of public <br />record When the transaction is'consummated, :it_, <br />is of ublic record, in the County. Recorder's. of- <br />fice. <br />On motion by Mr. Wiggins, seconded by Rev., Wi 11 i ams;, .. <br />the ab ve Option Agreement was _unanimously approved. <br />d. NAHRO Meeting: Authorization was requested NAHRO MEETING, <br />to senJ a appropriate staff members to attend the. ,JANUARY 16.,.:.1970 <br />NAHRO Meeting, in Indianapolis, .'Indiana, -on '.Janaury` ; <br />16, 1970. On motion by Mr. Chenney,. seconded. by <br />Rev. Williams, authorization was granted and unani <br />mously passed by all Commissioners. <br />e. <br />Defective Pavement Work. :' The Commission <br />DEFECTIVE PAVEMENT <br />has ben <br />advised y our ngineering Consultant, <br />; WORK., :.CHAPI,N STREET <br />Clyde <br />. Williams & Associates, that' certain sections <br />URBAN '.RENEWAL PROJECT, <br />of pav <br />meet on Chapin Street.a're showing signs of <br />R -29 <br />abnorm <br />1 spalling, and feels cor.rect:i,ve measures, <br />should <br />be taken by the Contractor. The Commission` <br />direct <br />d Mr. Bruce C. Hammerschmidt, 'Commission <br />Legal <br />ounsel, to take what action is .necessory; <br />to assure <br />that defective concrete world is torrgcted <br />to the <br />satisfaction of the Commission and'tfty`s <br />Engineer. <br />Said motion was made by Mr. Wiggins, <br />seconded <br />by Rev. Williams, and. passed unanimously <br />by all <br />Commissioners. <br />7. PROGRESS <br />REPORTS <br />a. <br />Central Downtown Urban Renewal, Project, <br />CENTRAL` DOWNTOWN <br />R -66: <br />ter deductions, the advance' received from ,, <br />URBAN RENEWAL.PROJECT, <br />the Federal <br />Government amounted. to 47 Million <br />Dollars. <br />Twenty -four (24) parcels have been re= <br />leased <br />to the negotiator. Another 60' to" 65 parcels ` <br />will be <br />released, and Mr. Weaver will attempt to <br />make the <br />first contact and then assign work to his <br />associates. <br />The concurred -in values of all parcels <br />we propose <br />to buy have not been'receaved. The de -' <br />lay is <br />that HUD has one person i.n.,their office to <br />review <br />these and each parcel has to be carefully <br />am <br />