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South B nd Redevelopment Commission Regular Meeting -.May 2, 1980 6. NEWIBUSINESS b. Mrs. Baumgartner continues... of completed home.improvements. The amount of rebate varies depending on gross annual family income and family size. 50% rebates shall be made available to those persons satisfying the "extreme hardship" criteria; 40% rebates to those persons living under "hardship" criteria; and 30 -20% to those homeowners who are more financially able to finance home improvements without placing the household budget into the aforementioned hardship categories. Mr. Donaldson made a motion to approve the 1980 Revised Guidelines for the Project Rebate and Urban Homestead Program, through the Bureau of Housing, seconded by Mr. Robinson, and the motion was unanimously carried. c. Commission Xroval requested for IND. R -66 Acquisition arcels #8-11, and #8 -12, lease agreements with Osco Mr. Butler: We have acquired the two properties in which Osco Drugs is located. We acquired the property subject to the existing leases. Under both of those leases Osco had to by April 1, exercise its option to renew the leases beyond July 1, 1980, and they did so. In the meantime we have negotiated with them the amendments to those two leases which provide for a 90 -day termination on our part and a 30 -day termination on their part. Also adjusting the rent effective for the north 1/3 of the property at $166.67 per month and toward the south 2/3 $333.33 per month. I am asking the Commission approve today the amendments to those two leases, and in addition to that, an agreement between the Redevelopment Department and Oscos relative to the fixture (immovable) which at this point they intend to remove from the building. -7 1980 REVISED GUIDELINES FOR THE PROJECT REBATE AND URBAN HOMESTEAD PROGRAMS APPROVED FOR THE BUREAU OF HOUSING