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442 <br />October <br />The Board received thy; following- communi; a,tion from the Indiana Lumber Compa1%y. <br />Oct. 272 19 02 . <br />Boar,i of 73ablic Works; <br />South Bond, Ind.. <br />Gentlemen;- In reply to yours of the 24th. reCardinL; our =,racatino the East Side <br />Lumber Yard, will <br />say <br />that <br />vve gill <br />not stand in <br />the way <br />of any <br />-Public <br />Improvement. <br />We rea. ize that we <br />',".ave to <br />give up <br />a food 2ocatio_ <br />a�,d <br />possibly <br />have <br />to pay More i'cr <br />a less desirable place, but we are willing to ma e a sacrifice providing you will pay <br />us what <br />we <br />,will <br />be <br />out in <br />cash. <br />The <br />buil:lings we <br />have <br />now will <br />do <br />us without any e <br />expense <br />to <br />the <br />end <br />of our <br />lease, <br />which <br />expires 1<eb. <br />15 th, <br />1905. r <br />We <br />only ask you to <br />pay us 7 interest on t]-e expense to which •:-re are put in ma"Ann this chancet <br />three ye <br />before our lease expires. <br />It <br />will require , v000.00 <br />to erect <br />building-3 <br />and move material, a-t <br />7 will be <br />0420.00 <br />; <br />depreciation on bui7 <br />dings at <br />t .e end or <br />three years, 4300.00 ; <br />mal-in a <br />total of <br />��1'7N0.00. <br />We <br />will_ <br />owe you rent by <br />Nozrombe r(a the <br />4 100.00 , lealring a <br />balance <br />of <br />`.A20.00 <br />for <br />you <br />to par us, you to <br />ive us time <br />until I'Iarch 1st. 1.9013 to <br />vacate and remove buil-din; s. <br />Re s pec t Ful l y your s, <br />TN DIANY', LULMER 3 MAIPTUFACTUI:IH CO.. <br />;per C. Passnachljq President." <br />In view o " this position the Board finds tlitwe are c oTipelled to abide by the <br />lease, anc' accor in:;ly the exter,;;ion of T!OwL,rd Park must be Jel.ayed indefinitely <br />and the followint communication is addressed; - <br />Oct. 3i, 1902. <br />I:IcIiana Lumber & Mnfg. Co. <br />South bend, Ind. <br />Gentlemen;- Ro fc rrin;-.; to your communication o 4 the 27th. , out Boar" c -.r_ not consider <br />your proposition. In view of your ^onciusions, we are compelled to abide by ti-e <br />terms of the lease. <br />Very respectfully, <br />Board of Publ i.c Works. <br />W. A. Mc Ine rny, Pre i le nt. <br />