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6. NEW BUSINESS (Cont'd On motion by Mr, Wiggins, seconded by Rev. Williams, Williams, seconded by Mr. Wiggins, Resolution No. 341 was adopted and unanimously carried. authorized to be invested for thirty m. Hanson Property: Approval was requested for HANSON PROPERTY, additional building on Hanson property, corner of - ADDITIONAL BUILDING Prairie and Chapin Streets, on the far side of the lot. REQUEST APPROVED, The size would be 40' x 80'. t, in the IND.` R -7 Mr. Hel en made the motion the request be approved, No. 9 -10, located at 128 West Washing - subject to conformance to our standards and site plans. Motion was seconded by Mr. Wiggins, and unanimously carried. n. Rent Reduction: Authorization was requested RENT REDUCTION for rent reduction to Mr. Harry C. Watkins, residing APPROVED, PARCEL NO. at 202 -1/2 Columbia Street, Parcel No. 1,6 -2, in .Ind. - 16 -2, I0. R -66 R -66, from $50.00 to $32.00 per month. Rent should not be ver 20% of renter's income and he has. exper- ienced decline in business. Mr. Wig ins made the motion to authorize.the.rent reducti n to $32.00 per month.. Said motion was se- conded ty Rev. Williams and unanimously carried. o. Investment, R -66: Authorization was requested INVESTMENT AUTHORIZED, to invest 900,000 for thirty (30) days, in Indiana R -66. IND. R -66 Mr. Helrren said the most we can get is less than 4 %, or 3.45 %. On motion by Rev. Williams, seconded by Mr. Wiggins, the $90C,000 was authorized to be invested for thirty days, a d said motion was unanimously carried. p. Option Agreement: Approval and authorization ONE (1) OPTION AGREE - was requested for the President to sign one (1) Option MENT APPROVED, PARCEL Agreeme t, in the Central Downtown Urban Renewal Project, 9 -10, CENTRAL DOWNTOWN R -66, for Parcel No. 9 -10, located at 128 West Washing - URBAN RENEWAL PROJECT, ton Street. R-66__- On motion by Mr. Helmen, seconded by Mr. Wiggins, the above-slated Option Agreement was authorized to.be . adopted and the President be authorized to sign. Motion was una imously carried. q. Rehabilitation for Parcel 2 -7: Mr. Bruce C. Hammers hmidt, Commission Legal Counsel, requested a motion stating the Commission approves and.adopts -the plans o Dr. Sam Katz for the rehabilitation of Parcel No. 2 -7 located at 131 West Colfax and 204 -206 North Main Street, subject to the repor.t.of: the Urban Design Review ommittee and the terms and conditions set out therein and subject to written acceptance of :those written conditions of the Urban Design Review Committee by Dr. am Katz. Said motion was made by Mr. Wiggins, seconde by Rev. Williams, and unanimously carried. -11- REHABILITATION PLANS FOR DR. SAM KATZ APPROVED, .PARCEL NO. 2 -7, R -66