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6. NEW BUSINESS (Cont'd g. zation Option vacant Option Agreement R -57: Approval and authori- ONE (1) OPTION AGREE - was requested for the President to sign One Cl) MENT APPROVED, PARCEL Agreement, for Parcel No. 3923, which is a NO. 39 -23, LASALLE lot on Kentucky Street. PARK URBAN RENEWAL PROJECT, R -57 Mr. Parrish advised this is substandard soil, and not considered buildable land. It is to be used for en- larging adjoining property. On motion by Mr. Wiggins, seconded by Mr. Helmen, the Option Agreement for the above- listed parcel was ap- proved and unanimously carried. h. zation Option Projecl Option Agreements, R -66 Approval and authort- was requested for the President to sign three (3) Agreements, in the Central Downtown Urban Renewal R -66: Parcel No. Address 9 -9 126 W. Washington Street 18 -6 320 S. Carroll Street (Vacant Lot) 20 -6 320 S. Michigan Street On motion by Mr. Wiggins, seconded by Rev. Williams, the Option Agreements for the above - listed parcels were ap- proved and unanimously carried. i. Resolution No. 326: This Resolution establishes the recommended minimum disposition.price and fair market value for land in the LaSalle Park Project, R -57. FHA had wi hhei'd approval on processing, all'the land for fear of flooding the market.: They now agree to their release, Motion for the adoption of Resolution No. 326 was made by Mr. Wiggins, seconded by Rev. Williams and unanimously carrieq. j. Resolution No. .327: This Resolution authorizes the ex cution of the Redevelopment Agreement for the dispos tion of land and the execution of Warranty Deeds for th transfer of title, re George Cimermancic & Associ tes proposals to redevelop the following parcels: This hz of Oct( 5 -6, 8 -23 and 8 -24, South 60' of 12 -15, 12 -30 and 12 -31, 16 -7, 16 -8, 16 -9, 16 -10 and 16 -11 17 -22, 17 -6 and 17 -7, 18;6 South 60'., 181.5_.and 18 -16, 22 -16 and 22-17,.:28-23, 29-1, 30 -27 and 30 -28. s been discussed previously in'Commission meeting ber 2, 1970 and everything is satisfactory. On motion by Mr. Chenney, seconded by Mr. Wiggins, Resolu- tion N 327 was adopted and unanimously carried, -8- THREE (3) OPTION AGREE - MENTS APPROVED, PARCEL NO,S. 9 -9, 18 -6 & 20 -6, CENTRAL DOWNTOWN URBAN REkEWAL PROJECT, R -66 RESOLUTION NO. 326 APPROVED, LASALLE PARK URBAN RENEWAL PROJECT, R -57 RESOLUTIONt NO: 327 APPROVED, GEORGE CIMERMANCI &:ASSOCIATES; LASALLE PARK URBAN RENEWAL PROJECT, R -57