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5. OLD BUSINESS (Cont'd Joseph County. The St. Joseph County, Section 8, bidding process has started and the bidders are starting to get the documents now from HUD. The bids are submitted directly to HUD, in Indianapolis. The Section 8 Housing was denied be- fore in South Bend. On questions raised by Mr. Dan Caesar, WSBT -TV Reporter, con- cerning the option on the land, who owns the land now, and if the option is agreed to on whether to build the Section 8 Housing, then who will get the money for the land, and answers summarized: Mr. Brownell advised the land is now owned by the Redevelopment Commission, and we are in the process by this Contract of agreeing to sell it to this Corporation. The Corporation will then have an equitable interest in the land. We will still hold the legal title. The St. Joseph River Bend Development Corporation will execute an option to the optionee and we will join in that Option and approve it, thereby combining both the equitable title and the legal title as the optionors, and this process has been verbally approved by HUD. President Nimtz advised one of the reasons that the previous bids were rejected by HUD, as he understands it, was that the bidders had no equitable interest in the land, so this takes care of HUD's objection that they raised in the previous bidding. The wording used by HUD, per Mr. Brownell, is that they do not have 'control of the land.' Even after we deed the land, we keep control, so we have to join in the option to make it valid. Mr. Evans asked, "At what point does the title pass, free and clear, over to the St. Joseph River Bend Development Corporation ?" Mr. Brownell advised when they pay us the money and we give them a deed, but we still retain control of the land after we do that, and that is through our land -use restrictions. Question raised by Ms. Jeanne Derbeck, South Bend Tribune Re- porter, as to when the contract will be signed, Mr. Butler advised it is already signed by their President, Mr. W. L. Steinmetz; Mr. Eugene Muia, their Secretary, was not available to sign it; but right after the Commission signs the Contract, he will be taking it over to Mr. Charles M. Boynton, the Attorney for the Corpora- tion. The negotiations have been completed, the contract is ready for final execution and action has just been taken for the approval. Change in Personnel Policy of City of South Bend, Department of Redevelopment: Mr. Brownell advised we have had a rate of TOT a mi e when an employee drove his personal car on business. The Common Council has changed the rate in the City from 10¢ a mile to 15¢ a mile, and we are trying to comply with the travel regulations of the City and increase that item. The limit has been $40.00 a day for all meals and lodgings and that limit has been raised to $45.00, so it has been suggested we increase our limit to $45.00. In the reimbursable cost where there is a daily meal allowance, but do not stay overnight, our limit has been - 7 -