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4. INEW BUSINESS (Cont'd) come in with $3 -1/2 Million Dollars and include the four blocks. Mr. Lennon advised interest is accruing with $3.8 Million Dollar Bond -- gaining approximately $180,000 - -that is pertinent -- adding interest to the cost of the bond. The accruing interest can be used to pay for the additional cost on the four blocks. 4) Mrs. Allen strongly opposed, as she stated: "We are duplicating what Michigan City has ", and firmly opposed the types of places for the people to sit, fountains and boulders, and above all the upkeep of the Mall, stating the Park Department has $180,000 *budgeted to take care of it and we should certainly consider this cost. Two of the Commissioners responded to her arguments against the Mall plans: a. Mr. Wiggins said to Mrs. Allen: We have taken action to move forward and have dealt in as realistic a fashion as we could. I take it you are opposed to the Mall, and you have every right to your opinion. b. Mr. Wade informed Mrs. Allen the Commission is here to protect the taxpayers' interests and will not let the taxpayers' money be dissipated, and have no in- tention of letting anything like that happen. The Commissioners have spent a lot of time on this. We have the best firms that money can buy to help. Officially, we are saying that this is going to be worked properly, efficiently, and economically. The Commissioners- -also as taxpayers - -are interested in the welfare of the people and are very interested in this Mall. 5. NEXT MEETING The next Regular Meeting of the Redevelopment Commission will NEXT MEETING, be a 10:30 A.M., Friday, June 1, 1973, in the Office of the Depart- JUNE 1, 1973 ment of Redevelopment. 6. On motion duly made and passed by Mr. Wiggins, the meeting ADJOURNMENT adjo rned at 10:48 A.M. * In Commis ion Meeting of June 1, 1973, amended to read: $80,000.00.