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6. NEW1 BUSINESS (Cont'd better o match the materials now, along with a price savings in quan ities. On moti n by Mr. Wiggins, seconded by Rev. Williams and unanimously carried, Change Order No. 5, for an increase in contract amount of $12,294.80, with The Hickey Construction Company was approved. f. Commercial tease: Approval was requested for a COMMERCIAL LEASE Commercial Lease with Colip.Electric, Inc., at a monthly rental APPROVED, R -66 of $25.00 per month, for quarters at 321 South Michigan Street, for storage of electrical equipment, R -66. On motion by Mr. Wade, seconded by Mr. Wiggins and unanimously Carrie , the Commercial Lease with Colip Electric, Inc., was approv d at a monthly rental of $25.00, on a month -to -month lease asis, R -66. g. Resolution No. 473: This Resolution relates to the ac- RESOLUTION NO. 473 quisition of property by condemnation, for Parcel No. 1-7, ADOPTED, A -10 from o ner James and Garnette Pegues, for concurred -in acqui- sition price of $1,150.00, in MN #1, NDP Project A -10. On motion by Rev. Williams, seconded by Mr. Wiggins and unani- mously carried, Resolution No. 473 was adopted. i. Option Agreements: Approval was requested of the OPTION AGREEMENTS following Option Agreements, in the NDP Project A -10, and the APPROVED: President authorized to execute: MN #1: 1 -6 & 2 -7 Model Neighborhood, MN #1: Parcel No. Address 1 -6 218 Olive Street 2 -7 208 Carlisle Street Southe4st Side, SE #1: -26 117 E. Elder Street -40 221 E. Elder Street -11 202 E. Elder Street -10 206 E. Elder Street SE #1: 59 -26, 59 -40, Purchase Price 66 -11 & 76 -10 $ 3,625.00 4,800.00 675.00 2,625.00 4,600.00 850.00 On motion by Rev. Williams, seconded by Mr. Wiggins and unani- mously carried, the aobve- listed Option Agreements were approved and authorized for execution. '1