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4. CCgMMUNICATIONS (Cont'd <br />Local Grants -in -Aid: Per financing plan federally dated <br />12-T243, the minimum local share required for Ind. <br />R -57 is $1,879,827. $32,100 cash share for real <br />estate tax credits and $950,746 cash share to be ob- <br />tained from bond issue (full cash share based on bond <br />issue will not be forthcoming). Accurate cash share <br />will be $620,657, resulting in a local cash share <br />total of $652,757. <br />Di <br />All pry <br />Mr. Le <br />tional <br />fit to <br />except <br />be cha <br />Approved non -cash grants -in -aid total $921,615 for <br />six items. Land donations approved to date $19,515. <br />These figures result in total approved local share <br />to date 1,593,887. Other non -cash grant -in -aid to <br />be submitted is for the fire station $71,703- -this <br />commitment to be forthcoming from Common Council; <br />with this approved balance local share need is <br />$214,237. <br />LPD to submit to Area Office no later than January 1, <br />1974 from Project Ind. R -66, to utilize subject pooling <br />credits prior to close -out of Ind. R -66 -- contingent on <br />that Item I expenses and capital grant for R -66 not be <br />exceeded. <br />ition: As of August 7: 210 lots - -100 buildable; 110 <br />unbuildable. Of the 100 buildable lots 44 lots are <br />to be purchased by one contractor, leaving 51 buildable <br />lots available. Of the total 161 remaining, 37 are in <br />condemnation -- balance of disposable lots equals 124 <br />(which are not disposable and no further activity to <br />be made by LPA after 8 -24. <br />ect activities are to be completed by January 1, 1974. <br />non advised this will allow us not to come up with any addi- <br />cash, but to pool credits exclusively and it is to our bene- <br />do so. Close -out means not spending any more staff money, <br />repairs, 37 condemnations to close. Technically, we will <br />ging to that account another twelve (12) months. <br />C. HUD letter dated August 22, 1973: This letter, over WAGE RATE DECISION, <br />the signature of Mr. Daniel B. Bowman, Ass istant Director, Techni- DEMOLITION CONTRACT <br />cal Services Branch, enclosed Wage Rate Decision currently in NO. 33, R -66 <br />effect to be used for our Demolition and Site Clearance Contract <br />No. 33 R -66. <br />Mr. Lei <br />of the <br />Busine: <br />anon advised this Wage Rate Decision covers the demolition <br />Blue Note and Ault's, which is on our agenda, under "New <br />S11, 6a, for the award of Contract No. 33. <br />-6 <br />