RM 03-16-73 - Laserfiche WebLink

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4. QOMMUNICATIONS (Cont'd) i. HUD letter dated March 9, 1973: This letter, over the signature of Mr. Stephen J. Havens, Director, Operations Division, states it is imperative that the revised budget and work schedules reflecting a $2 Million Dollar Amendatory be submitted to the Area Office no later than April 1, 1973. This s the maximum amount available for Ind. R -66 and no addit oval future amendatory funds are available. Mr. Lennon said HUD is telling us we must close out the Down- town Iroject and will give us $2 Million Dollars to do it. We originally requested $9 Million Dollars. The pending legis- latior on Community Development in 1974 will be a possible sourCE of further funding. On motion by Mr. Wiggins, seconded by Mr. Chenney and unani- mouslj carried, the letter be received and staff authorized to pr ceed as requested. Mr. Lennon said our only other alternative would be not to accept this amount. Three other cities are requesting an amend tory: Chicago, Ft. Wayne and Indianapolis. This $2 is part of $3 Million Dollars in Indiana and we are fortunate to receive this. c. HUD letter dated March 14, 1973: This letter, over the signature of Mr. Stephen J. Havens, Director, Operations Division, advises they have reviewed the Redevelopers State- ment cf Associates Bancorp., Inc. a Delaware Corp., Associates First Capital Corp. a Delaware Corp., and Gulf and Western Indus ries, Inc. and find no objection to these corporations as re evelopers of Disposition Parcel Nos. 2 -13, 4 -30A, 4 -30B, 4 -31, 4 -32, 4 -42, 4 -66, part of 4 -1 (North 140 ft.), Project Ind. -66. On mo ion by Mr. Wiggins, seconded by Mr. Chenney and unani- mous) carried, the letter be received and placed on file. 5. This build "hole a mem Commi ment 1971 Agreei Commi faile said D BUSINESS . Condemnation Notice, Acquisition Parcel No. 12 -5: arcel is ocated at 208 -210 South Michigan Street. The ng has been demolished in the past and is presently a in the ground" with barricades around it. A motion by er of the Commission was requested stating that the sion hereby determines that the sellers under the Agree - or Sale of Improvements on Real Estate dated November 19, re in default of the Redevelopment provisions of such ent and were officially notified of such default by the sion's attorney on January 12, 1973 and that the sellers to correct the default within thirty (30) days after otice. The Commission therefore intends to acquire the REVISED BUDGET AND WORK SCHEDULES RE- QUESTED FOR AMENDA- TORY, R -66 HUD APPROVES REDEVEL- OPERS, PARCELS 2 -13, 4 -30A, 4 -30B, 4 -31, 4 -32, 4 -42, 4 -66, & PART OF 4 -1, R -66 208 -210 SOUTH MICHIGAN STREET, BLOCK 12, PARCEL 5, INDIANA R -66