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South Be <br />Commissi <br />Friday, <br />Redevelopment Commission <br />rs' Regular Meeting <br />19,1978 <br />6. NEW BOSINESS (Continued) <br />b. (continued) <br />Mr. W ggins moved for approval of Change Order #1 to Slatile Roofing and <br />Sheet Metal Company, Inc., for an increase in the contract price of $250.00, <br />secon ed by Mr. Donaldson, and it was carried. <br />c. Commission approval requested for authorization to execute contract for <br />professional services with Nicholas C. Jannotta & Associates, Ltd., <br />Indiana R -66. <br />Mr. Brownell: What has happened is that the bank in Chicago has been <br />ordered by the controller of the currency to divest themselves of the <br />Real Estate Research business, and Mr. Anthony, who is the head of it, <br />has left and become a "fellow" at the Brookings Institute. Mr. Jannotta, <br />w o was the Executive Vice President, has left the firm, and on May 1st, <br />entered into a plan to develop a firm under an Illinois Corporation name <br />of Nicholas C. Jannotta Associates, Ltd., and so we have talked to him <br />arid the proposal I am bringing to you today, is that we contract with <br />Mr. Jannotta and his firm in the same manner, which we did with Real <br />E tate Research. <br />M . Nimtz: Mr. Brownell and I met with Mr. Jannotta two weeks ago and <br />d scussed this. As you know, he has the knowledge (Mr. Wiggins indicated <br />t at he had been working here for the past six or eight years), of our <br />s tuation here, and of course, he is involved not only here, but in <br />C ncinnati, places in Michigan, and so on; and I would hate to lose him <br />b cause of his background and expertise in this thing; it would be my <br />commendation this be approved. <br />. Brownell: The rates are the same as they were in the Real Estate <br />ntract. <br />M Wiggins: I will be happy to make a motion to authorize execution of <br />C ntract for professional services with Nicholas C. Jannotta & Associates, <br />L d. , upon which the motion was seconded by Mr. Robinson and carried. <br />d. Roal Estate Appraisals, Indiana R -66 Mall Project. <br />Mr. Brownell: We have had the real estate appraised in the so- called <br />mall project area by two M.A.I. appraisers, and we have also had the <br />appraisals reviewed by an M.A.I. appraiser, who did the reviewing appraisal <br />work. We have received all these reports, which I have shared with the <br />commissioners, and I would suggest that we will need, in order to proceed <br />w th this, the approval of the commissioners of the market value as deter <br />- <br />m ned by the reviewing appraisers. We have gone over these values with <br />t e commissioners on the individual parcels this morning. <br />-8- <br />