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6. NE01 BUSINESS_ (Contid <br />e. Option Agreements: Approval and acceptance <br />was requested of two 2) - Option „`Agreements, in the <br />LaSalle Park Urban Renewal "Project, R =57, for the <br />follow ng Parcels: <br />Nos. 42 -7 226 south''Camden Street <br />46 -4 Lot 781, Jefferson Street <br />Parcel No. 42 -7 is being acquired for substandard <br />reasons. On motion by Mr.-Wiggins, seconded by Mr. <br />Chenne , the above- stated options were approved and <br />the Pr sident was authorized to sign the options. <br />Motion was unanimously carried. <br />f. Option Agreements • ' Approval and `. acceptance <br />was requested of eight B),Optfoo,,Agreements, in the <br />Central Downtown Urban Renewal Project, R- 66,'for.the <br />following Parcels: <br />Nos. 15 -7 335 -339 L.W.E. <br />16 -1 403 L.W.E. & 202 Columbia <br />OPTION AGREEMENTS <br />APPROVED, PARCEL NOS. <br />42 =7`& 46 -4, LASALLE <br />PARK URBAN RENEWAL <br />PROJECT, R -57 <br />OPTION AGREEMENTS <br />APPROVED,'PARCEL NOS. <br />15 -1, 16 -1, 22 -12, <br />23-3, 23 =9, 23 -10, <br />27 -17 & 28 =5, CENTRAL <br />DOWNTOWN URBAN RENEWAL <br />PROJECT, R -66 <br />22 -12 407. -409, 409 -1/2 S. Michigan <br />23 -3 408 -10 & 412 - 412 -112 S. Michigan <br />23 -9 432- 6 -8_S. Michigan St. & <br />109- 09 -1/2 E. Monroe St. <br />23 -10 417 -25 -29 S. St. Joseph St. & <br />119 E. Monroe St. <br />27 -17 548 L.W.E. <br />28 -5 559 L:W.E. <br />On motion by Mr. Wiggins, seconded by Mr. Chenney, <br />the a ve- stated options were approved and'the <br />Presi ent was authorized to sign the options, total - <br />ling 503,648.00. <br />Mr. Bruce C. Hammerschmidt, Commission Legal Counsel, <br />apprised that the first closing is February 27th. `The <br />Commission, Legal Counsel and staff concurred that the <br />negotiators are doing a fine job''and they'are very <br />pleas Ed with the progress. <br />7. P OGRESS REPORTS <br />a.1 Central Downtown.Urban Renewal Project, R -66: <br />Mr. Harrison Miller apprised that, as of the last <br />Commission meeting, all the people in the`post- office <br />area have been contacted. An informational letter has <br />been prepared and delivered to all property owners who <br />have ieceived concurred -in prices and early land acqui- <br />SM04 will take place. This is a document required <br />-7- <br />CENTRAL,DOWNTOWN <br />URBAN RENEWAL PROJECT, <br />R -66 <br />