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6. NEWIBUSINESS (Cont'd g. Contract with Real'Estal;6 Research:Corporation, Mr. Brownell re- REAL quested Commission authorization for contract with Real Estate ESTATE Research Corporation as a reviewing appraiser on the-R-66 ap- RESEARCH praisals made by Mr. John G. Pence and by Mr. Ralph D. Lauver, CORP. CON - M.A.I., in work to be done by Mr. James Schroeder, who is a TRACT AP- M.A.I. appraiser, in a lump sum fee of $2;000.00. The other PROVED, two appraisers were paid $4,500.00 each for the reuse appraisals. R -66 The Chair asked if this is a request of HUD to have a separate contract, and Mr. Brownell advised that it is, instead of having it done on their regular contract. Mr. Wiggins moved for the approval of a contract with Real Estate Research Corporation to review the appraisals in sum of $2,000.00. Motion was seconded by Mr. Cira and carried. In reference to Ms. Derbeck's question on the appraisal values of the land and Mr. Caesar's, Mr. Brownell advised he has the appraisal reports from the two appraisers, and they do lower the price of the land. They are lower than we have had prior. Now the reviewing appraiser has to go over those to see if there are any corrections to be made and recommend a fair value for the land. When that is completed and we report it to HUD, then that will be the official reduction in the land. h. IParcel B, in Block 6, Project Indiana R -66: Mr. Brownell advised PARCEL B, he received a letter from Mr. Lloyd S. Taylor, Vice President, BLOCK 6, t. Joseph Bank & Trust Company, a few minutes ago in the mail, DEBRIS hich is dated June 30, 1976, with no chance to have it on the REMOVAL, aenda. R -66 r. Brownell read the letter in its entirety, in which Mr. Taylor advised that per their phone conversation, he met with a builder lanning to construct an office on Parcel B, in Block 6. If verything works out, he should be breaking ground within 60 days. hat building will be constructed just south of the intersection f Lincoln Way East and Wayne Streets. This is where the pile of debris still remains. It will be necessary for them to get in and make soil borings within the next thirty (30) days. They letter further states that he would appreciate it if the epartment of Redevelopment would proceed with the clearing of he land per his letter of March 15 giving priority to the articular area cited. Ir. Brownell advised we are trying to proceed to get rid of the ebris. First, he is requiring Nautilus Construction Corporation o have a subcontractor take the debris out that he piled up from is work on the Plaza Park contract, and then when he gets through, e will have to go through with our site improvement contract for he balance of it. The rest is where the City used the front oader to take some brick out and there was some asphalt thrown up, ut that would be there anyway, because we would have had to have a ront end loader to take it out so that is no problem. He said he ust wanted the Commissioners to be aware of this letter. 11 -