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7.(b)NEW BUSINESS. continued: John Lindstaedt: I think one of the most profound statements I have heard on this situation in a long time was made by a fellow that I don't always agree with, but by young Mr. Parent, when he said he would like to see the deterioration work back into the inner city. So many people I have talked to, including some of the young people want to build new homes and I suggest instead of spending forty thousand dollars for a new home, get one of the old ones, spend five or six thousand dollars to remodel it and you have a much better place. Don Wiggins: One of the problems in this area is in financing and I thi k that needs a new look. Joh Lindstaedt: Red lining is one of the bad things about the entire sit ation. I think this is something that has to be worked out with som of the lending institutions. Johi Kagel: Mr. Chairman and Commissioners, I know that you are aware of layor Peter Nemeth's task force on neighborhoods. I was fortunate to ittend such a meeting for four or five hours at Broadway Christian Chu ch and -I thought it was well worthwhile. I thought it had to be one of he best such meetings that I have ever attended, having to do with neighborhoods and the efforts to reverse this trend of deterioration. Everyone who was there was in agreement and it was a full house, that it s probably the first good approach to what they are attempting to do with all the neighborhoods in the city. Cha -r: If I might digress for a minutes, just to point out some progress, the Common Council and the previous administration gave Southhold Res - tor tions sixty or seventy thousand dollars for loans in the W. Washington are . Several loans have been made and all you need do is go through that arei and see that it is coming back. You can't buy a house on West Washington anymore, property values are going back up along there. We are now going to start work on Colfax and LaSalle next. This thing will work, people will be interested in moving back to these old neighbor- hoods. John Lindstaedt: That's what we are looking forward to Sir! (c) In accordance with recommendation of the Southeast Advisory Board, Commission approval requested for recission of the award of the following contract: Contract No. Address SEC /PR /CS -4/31 630 East Dayton Street Recommendation for recission was made due to the fact that the structure is no longer occupied. Contract was awarded to Slatile Roofing and Sheet Metal Company for a total contract price of $6,245.00. Mr. Brownell read this item and the Chair asked Mr. Butler if we could app ove this request. Mr. Butler: Ken (Schaller), have you cleared this with Slatile? CONTRACT RESCINDED SOUTHEAST SECD /PR /CS 4/31