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EW BUSINESS (Cont'd <br />Mr. arbe said this has been checked out with HUD, in <br />Indi napolis, and he has received verbal approval and <br />assu ance that it is in order to receive a Letter of <br />Cred t. <br />The Chair asked if the assurance is needed in writing <br />from HUD, and Commission Legal Counsel said it would <br />be great if we had the letter from HUD for our files. <br />Counsel felt the Letter of Credit satisfies the legal <br />requi rements. <br />Mr. Wiggins moved to authorize the return of the good <br />faith deposit, in amount of $42,075.40, and accept the <br />"Irrevocable Letter of Credit" from the St. Joseph Bank <br />and rust Company, subject to legal review and HUD con- <br />currence. Motion seconded by Rev. Williams and unani- <br />mous y carried. <br />d. Resolution No. 422: This Resolution author- RESOLUTION NO. 422 <br />izes the filing of a Neighborhood Development Program ADOPTED, A -10 <br />Appl cation for Indiana Project A -10. Mr. Barbe said <br />this covers the resubmission of the previous application <br />for the joint area of the Southeast Neighborhood and <br />the odel Cities area. <br />On motion by Mr. Chenney, seconded by Rev. Williams, <br />Resolution No. 422 was adopted and unanimously carried. <br />Resolution No. 423: This Resolution reaffirms RESOLUTION NO. 423 <br />Reso ution No. 407, approving City Development Company, ADOPTED, R -66 <br />as r developer, together with the First Bank and Trust <br />Comp ny of South Bend, Indiana, as Trustee for Land Trust <br />No. 9 -5094, for the redevelopment of Disposition Parcel <br />No. -3, in the Central Downtown Project, Indiana R -66, <br />and uthorizing the President and Secretary to execute <br />all locuments. <br />Noti a of Public Disclosure of Redevelopers' Statement <br />on t e above was published in The South Bend Tribune on <br />Augu t 21, 1972 and August 24, 1972, as required by <br />Stat tes. <br />On m tion by Mr. Wiggins, seconded by Mr. Chenney, Resolu- <br />tion No. 423 was adopted and unanimously carried. <br />Code Enforcement Appraisal Contract: In Code CODE ENFORCEMENT <br />Enforcement when it becomes necessary to vacate the pre- APPRAISAL CONTRACT <br />mises by order of the Board of Works, the occupant is APPROVED, SCATTERED <br />eligible for relocation payment. In order to determine LOCATIONS <br />the value of this relocation payment, the value of the <br />land has to be established. <br />Mr. requested Commission approval for a contract <br />with Jarbe <br />Mr. Hubert M. Weaver, SRA, to appraise these lots <br />for he establishment of this land value. <br />!WM <br />