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6. NEW BUSINESS (Cont'd) <br />. Investment: Authorization was requested to INVESTMENT AUTHORIZED, <br />invest $560,000 from P.E.A., Ind. R -66, for three R -66 <br />months;, and $1,500,000 from P.E.A., Ind. R -66 for <br />six months. <br />Mr. W ggins moved for the authorization of the above <br />inves ment, seconded by Mr. Chenney, and unanimously <br />carri d. <br />7. .ANNOUNCEMENT <br />. Resignation: Mr. Paul E. Becher, Business Re- MR. PAUL E. BECHER <br />location Director, submitted his resignation, effective RESIGNS <br />March 16, 1972. He is planning to travel abroad. <br />The Commission expressed their thanks to Mr. Becher for <br />his s rvice and wished him bon voyage nn his travel <br />abroa . Mr. Becher's resignation was accepted. <br />8. PROGRESS REPORTS <br />Mr. Taylor advised the progress reports are all PROGRESS REPORTS <br />being submitted for the first Commission meeting of <br />the m nth. <br />9. NE <br />he next Regular Meeting of the Redevelopment Com- NEXT MEETING, <br />missi n will be at 10:30 a.m., Friday, March 3, 1972, MARCH 3, 1972 <br />in th Office of the Department of Redevelopment. <br />10. <br />n motion duly made and passed by Mr. Wiggins, se- ADJOURNMENT <br />conded by Mr. Chenney, the meeting adjourned at 11:20 <br />a.m. <br />I C-,00�, <br />Lloy, . Taylor, Execut' a Di ctor Fred X. HeMelh, President <br />10 <br />