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6. OLD BUSINESS. (Cont'd tractor insists upon an increase in various items, then we probably are in a situation that we would probably have to rebid it. The Chair advised that he can understand.The Hickey Company's situation and what they are saying is certainly reasonable. This is a good example of what inflation means. Mr. Butler further added that at that time, the Commission would have to look at the other bid prices, and certainly it would have to be rebid if the Commission took the bid in excess of the next lowest bid we received. Motion was made by Mr. Donaldson, seconded by Mr. Cira and carried, to "receive the letter from The Hickey Company, Inc., dated March 4, 1976, and'to take it under advisement. Mr. Gene Evans inquired, "What is the status of your progressing towards an award date? Obviously you have a financial problem. Is that it?" The Chair advised that is not the problem. The problem involved here basically is if there exists a good possi- bility of going ahead with some major changes as Allan Bloomquist was just detailing here. Then we would be looking at a situation where we have let a contract to revamp that street area and then we would have to tear it up. We want to avoid that if we can. Mr..Butler added that one other factor is that the Mayor asked that his administration be given some time to review that parti- cular project- -the extension.of the mall - -in the context of the overall development within the City. 7. NEW BUSINESS a. Proclaimer No. 2, R -57: Authorization was requested for the Executive Director to execute Proclaimer No. 2, per the attached Schedule A, for Acquisition Parcel Nos. 45 -4, 1 -18, 41 -19, 19 -28, and 22 -21, in the LaSalle Park Urban Renewal Area, Pro - ject Indiana R -57. Motion was made by Mr. Cira, seconded by Mr. Donaldson and carried, authorizing the Executive Director, Mr. C. Wayne Brownell., to execute the above Proclaimer No. 2, Project R -57. b. Rehabilitation Contracts, Nos. 13, 21, 26, 27 & 24, Southeast Community Development Program: Per recommendations of the Southeast Advisory Committee, Commission approval was requested to award the following contracts, per bid tabulation, to the low bidder, subject to Commission Legal Counsel approval, in the Southeast Community Development Program: - 8 - PROCLAIMER NO. 2, ACQUISITION PARCELS 45 -4, 1 -18, 41 -19, 19 -28 & 22 -21, R-57 REHABILITA- TION CONTRA 13, 21, 26, 27 & 24 AWARDED, SE COMMUNITY DEVELOPMENT PROGRAM