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7. PROGRESS REPORTS, Continued - is. Jeanne Derbeck: Meet the deadline for what? Ir. Brownell: Well, we have to give ten days' notice of the fact that e have the public disclosure. They furnish the information for the ublic disclosure and we have to put the notice in the paper. We ave done that. This notice tells you the name of the people, etc. Ir. Butler: We are going to have to take action before the 25th - y reading of the regulations it permits the Commission to,I believe, take action today. Basically, a redeveloper, in this case the St. Joseph River Bend Development Corp., the redeveloper of Block 6, as the right to convey its interests in property (for which it has lready signed a contract to purchase) if they meet certain conditions. They are in the process now of meeting with those requirements, with he transferee, International Constructors IV. As Wayne pointed out, ne of the requirements is the published notice. .r. Brownell: I have here the public notice. I also have the contract or sale of land for private redevelopment which has been prepared. They are here for whatever public examination anyone might wish to make. t this point the Chair recognized Mr. Gordon Medlock and his attorney, r. Warren Deahl. Mr. Medlock stated that they were pleased to attend he meeting. "We are just two years older than when we first came up to meet with you on this project ". "We were late in arriving this orning - we were working out the final details of the last agreement that has to be reached before we were comfortable that there would definitely be a clear path to the transfer of land once you approve it and so it's a happy occasion to hear you are favorably disposed. It on't be very long before we have some announcements on construction time and so forth." hair: Gordon, you may think we don't know the hills over which you ave travelled. Between Mr. Brownell and Mr. Butler we have been advised from time to time of dealings and negotiations you have had ith HUD and all the legalistics involved. You have been very patient, I will say that. Mr. Medlock: I think if I had known at the start what was involved, I would never have started. But.I am glad we had the staying power and the cooperation of some very fine people in making this possible. Mr. Deahl: Getting that HUD.Section 8 grant is quite a unique thing. Chair: Warren, I have said many times from this chair, when you accept "them.there" federal monies, you accept "them there" federal regulations. No matter if it's highways, welfare or what. I helped make some of them a few years ago. Mr. Wiggins: It takes a Philadelphia lawyer to figure them out. The Chair asked Mr. Butler what motions he thought would be appro- priate. Mr. Butler stated that if a request was being made by the St. Joseph River Bend Development Corp. and by the transferee, that the Commission approve that transfer. "I presume that is what - 7 -