RM 08-20-76 - Laserfiche WebLink

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4. CORRESPONDENCE a. HUD Regional Office letter dated August 2, 1976: This letter is REQUISITION from Mr. Richard A. Kaiser, Assistant Regional Administrator for NO. 10 Community Development, advising Requisition No. 10 for Project APPROVED, Capital Grant Progress Payment, Contract No. Indiana R- 66(LG), PROJECT has been approved in the amount of $2,500,000. The approved CAPITAL amount represents payment of Urgent Needs Funds as approved in GRANT our Loan and Grant Contract. PROGRESS PAYMENT, The check, drawn on the Treasurer of the United States, will be R -66 mailed directly to the depository designated and authorized by our Agency, and is to be recorded as a receipt in the Project Temporary Loan Repayment Fund. Mr. C. Wayne Brownell, Executive Director, Department of Re- development, advised this check has been received and we have purchased Treasury Bills with it. President Nimtz added, "The Chair might say, as he has said be- fore, this was the combined effort of many, many people on this, including the former Mayor Jerry J. Miller and the present Mayor Peter J. Nemeth; the late Dr. Oliver C. Carmichael had a great deal to do with this; Don Newman, the Indiana Liaison Officer in Washington; Congressman Brademas; and many, many others. This is a combined effort and a successful one. We now have the money." b. HUD Area Office letter dated August 2, 1976: This letter is CLOSE -OUT from Mr. Stephen J. Havens, Director, Community Planning and DATE OF Development Division, advising in accordance with our telephone R -66 EX- conversation with Jeanne Meggs of his staff concerning the re TENDED TO financing of Project Indiana R -66, the close -out date has been 3 -25 -77 extended to March 25, 1977. C. HUD Area Office letter dated August 11, 1976:- This letter is PROJECT from Mr. Stephen J. Havens, Director, Community Planning and CLOSE -OUT Development Division, confirming agreements reached during our R -57 recent discussion of close -out of the LaSalle Urban Renewal Project, Indiana R -57, on or before December 31, 1976. The activities that remain to be completed and the indicated actions were listed for acquisition parcels, condemnation actions, disposition, final audit to be scheduled for the Project, and the estimated costs to project completion were requested. Prompt close -out of this project is critical to continued favor- able consideration of proposed expansion of Project Indiana R -66. Mr. Brownell advised that we are currently negotiating to acquire the parcels remaining on the acquisition list. The letters have been mailed, via certified mail with return receipt requested, to the people on the disposition parcels giving them 15 days to get in touch with us. We have sent requests to three (3) national audit firms for a quotation on a final audit. On the financial status of the Project, the form is currently being filled out. - 3 -