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RM 02-06-76
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RM 02-06-76
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11/6/2012 9:13:52 AM
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3 <br />Please <br />to clo <br />The es <br />The <br />out <br />�34. <br />keep in mind that the above figure does not include interest <br />,e-out and is subject to change. <br />:ablished close -out date for project A -10 is March 31, 1976. <br />Project Ind R -11: <br />Acquisition: Parcel 22 -5A is the only parcel remaining to be <br />acquired. It is estimated that this parcel will be acquired by <br />February 19, 1976. <br />R location: There is one claim remaining to be paid. This is <br />tie claim from the Indiana and Michigan Electric Company. This <br />c aim is presently in our office for review. <br />Site Improvements: All presently under contract. <br />Demolition: There are two buildings remaining to be demolished. <br />It is anticipated that these buildings will be under contract <br />by June 30, 1976. <br />Dn -Cash: The financing plan requires $11,816,387.00 in non -cash. <br />a-date $11,816,387.00 has been certified. <br />isposition: The financing plan calls for $7,684,173.00 in land <br />roceeds. To date $2,036,163.00 has been received <br />udit: The contract for an IPA audit will be approved by the <br />ommission and sent to H.U.D. by March 19th. The award of the <br />ontract will be approved by H.U.D. by April 16th. The audit <br />ill begin May 1st and will be completed by June lst. The audit <br />eport will be transmitted to our office for clearance no later <br />han June 15th. The audit should be cleared by June 30th. <br />ticipated financial status of your project at the time of close - <br />as follows: <br />
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