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6. NEW BOSINESS (Continued) e. (( ontinued) Mr. Crighton indicated that this was correct. tion was put to the vote and carried. 7. PROGRESS REPORTS Mr. Brownell stated that he presumed everyone had read the paper the last ccouple of days regarding the Lowe move to Block Six. In order to get more information, he had talked to Mr. Rosenthal Friday morning who said that he thought they were working on the architectural plans right now and they expect to break ground and build this spring. They are n t yet confirmed on the size of the building they will erect. They iave a problem as to the amount of space they need, both now and "on d wn the road," do they build it all right now or do they add on later. They do not know yet which they will do. Upon. request by Mr. Crighton, Mr. Brownell read a letter from Mr. Crighton regarding alternative bonding procedures to facilitate more competitive bidding on the Community Development Rehabilitation Con- tract 3. Mr. Crighton suggested that an additional paragraph be added to Se tion 121, Performance and Payment Bond of the General Conditions for R habilitation of Real Property, Part I, allowing a contractor to submit a 10% cash bond in lieu of a surety bond. It is suggested that this cash bond be retained until completion of the contract at which time, 9% will be returned to the contractor. The remaining 1% will a used to correct any problems associated with the previously compl ted work. The contractor is held responsible for a one year perioJ after date of final inspection of the job. Mr. Crighton further requested permission to bulk bid rehabilitation work Jirectly to subcontractors or skilled tradesmen, in an effort to lower the cost of rehabilitation. These bulk bids would be com- bined into three contracts, one each for plumbing /heating, electrical and carpentry. Mr. Brownell explained that this matter was discussed at some length . in th Southwest Committee meeting. This is an idea that these people have )een working on for some time in order to facilitate the rehabili- tatioi work. Mr. Crighton then added that he had subsequent to writing the letter, talkei to our HUD representative for Community Development. They are in agreement with the changes that he would like to make. He also point ?d out that he had not discussed this matter with counsel as to legal ramifications and obviously before we would incorporate this into he contract, the change would be properly drawn by Commission couns 1. LOWE MOVE TO BLOCK SIX LETTER FROM MR. CRIGHTON RE BONDING PROCEDURES ON CD REHAB CONTRACTS