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COMMISSIJ
<br />Fri day,
<br />ER'S REGULAR MEETING
<br />gust 18, 1978
<br />The Mayo made a comment that he would like a picture of the cake kept in the
<br />files. t was answered that there were three pictures already taken of the cake,
<br />and that one of the pictures would be kept in the files.
<br />Mr. Brow ell mentioned that the photographer from the South Bend Tribune had taken
<br />a picturo of the cake and perhaps they could furnish a glossy print.
<br />Mr. Nimtz invited the Mayor to attend the September 1st Commission Meeting, because
<br />it would be the day that Mr. Ellison would be sworn in as Redevelopment Director,
<br />the day of Mr. Brownell's resignation as Redevelopment Director, and Mr. Wiggin's
<br />birthday. It should be quite a celebration.
<br />4. COMM NICATIONS
<br />a. etter, signed by Albert G. Smith, Actin
<br />and Devel-o pment Division of the De artmen
<br />dated August 11, 1978, Subject: Financia
<br />outh Bend, Indiana, with carbon copy sen
<br />of Community Development.
<br />Mr. Brownell read the letter as follows:
<br />Director, Community Plannin
<br />of Housing & Urban Development
<br />Settlement Program No. Ind. R-
<br />to Mr. Carl Ellison, Director
<br />Dear Mr. Brownell:
<br />As per our telephone conversation on August 10, 1978, completion
<br />f the above contract will be accomplished on August 18, 1978, by
<br />our transmittal of a check in the amount of $26,009. This check will
<br />artially repay the outstanding principal of $2,195,000 plus accrued
<br />nterest of $51,089. This leaves a balance of $2,220,080, which will
<br />e paid per your request for final capital grant payment in the amount
<br />f $957,313, final Relocation grant amount of $445,978, surplus from
<br />-10 - $25,997, surplus from R -57 - $186,553, and $604,239, will be
<br />pplied from the $855,794.13 withheld from your 1978 Block Grant funds.
<br />This $604,239 will cover $144,649 of accounts receivable currently
<br />hown in the R -66 project, which, when received, should be used to
<br />eimburse your 1978 Block Grant and shown as other income for that
<br />rogram.
<br />You should submit an amendment to your 1978 Block Grant requesting
<br />he unused portion of the amount withheld for repayment of Urban
<br />enewal loans to be reinstated to your letter of credit. ($855,794.13
<br />ess $604,239.00 - balance of $251,555.13)
<br />This excess in the amount of $251,553.13 was withheld due to the
<br />riginal submission of your FY '78 Entitlement application not utilizing
<br />he surplus from previous Renewal projects closed out (A -10 and R -57) to
<br />epay your outstanding Urban Renewal loan on Ind. R -66.
<br />Please forward your check, postmarked by or before August 18, 1978,
<br />n the amount of $26,009, to the U.S. Department of Housing and Urban
<br />evelopment, 300 South Wacker Drive, Chicago, Illinois 60606, Attention:
<br />averne Spinks. Sincerely, Albert G. Smith, Acting Director, Community
<br />lanning and Development Division.
<br />Mr. �rownell went to a chart and pointed out the following to all those present
<br />at the m eting:
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