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South Page 4 Julv 7 nd Redevelopment Commission 1978 5. OLDI BUSINESS, Continued craft, Vice President and General Counsel and you will find a release and settlement of claim. Kevin, I think you have a copy of the release in our packet for review. We would like you to authorize us to issue this check, as you have on the claims, and also to approve the release they have signed and furnished to us. Chair: As I recall the situation, this is a negotiated settlement with S. M. ix as the ..it is some $13,000 below what the original amount was. Mr. Brownell: Yes, they have been very helpful - on the I & M claim, S. M. Dix got the claim down to $319,000 from $379,000 and this one they have got down to $249,997 from $263,000. Cha -r: Kevin, do you have any comment on this thing now? Kevin: No. Cha r: We are legally bound to pay it and its the lowest amount we have bee able to arrive at. Yes, we have the money. Mr.lBrownell: We got the money from the city. Mot on was made by Mr. Robinson that the negotiated settlement with Indiana Bel" Company concerning the relocation of utilities when the Mal was constructed between Jefferson and Wayne Streets and the other area, be illowed and ordered paid, in the amount of $249,997.00. Mr. Wiggins sec nded the motion and it carried. Mr. Brownell: As an aside to this, I might also point out that the city is paying us this money which clears up the problem of the funds.that wer used out of R -66 for E -3 and E -5. Repayment of this money clears up the city's obligation on this. Mr. Brownell: The next item that I would like to bring up at this point under old business, though not listed on your agenda, is the lease for the bus company. We usually rent to them for a six month period on a $1.00 lease. We have had a Commercial Lease prepared doing just that and it will run from July 1, 1978 through December 31, 1978, if you approve it. Chair: The same terms and conditions, $1.00. Motion was made by Mr. Wiggins, seconded by Mr. Cira and carried that the lease with the South Bend Transportation Corporation be continued for a period of six months from July 1.,_1978 through December 31, 1978 for the sam terms and conditions previously agreed upon and that the President and Sec etary be -aUthori zed ,to enter into this 1 ease _ for $1.00. 6. NEWIBUSINESS a. Commission approval requested for Change Order No. 2 to Contract Set #11, Southeast, for $125.00 to Slatile Roofing and Sheet Metal, Inc.