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6. NEW BUSI <br />Cont 'd <br />The Chair entertained a motion for -the approval of, <br />the Option Agreements for the above - listed parcels. <br />Said motion was made by Rev. Williams, seconded by <br />Mr. He men, and unanimously carried. <br />e. Investment.in Project Ex enditures*Account'R -66: INVESTMENT AUTHORIZED, <br />Authorization was requested to; invest. 500,000.00 in PROJECT EXPENDITURES <br />the Project Expenditures Account Fund R -66 until December ACCOUNT R -66 <br />15, 1970. Mr. Barbe explaianed this money would not be <br />needed during the next months,. <br />On motion-by Mr. Chenney, seconded by Mr.. Wiggins, <br />this a ount was authorized to be invested. Motion was <br />unanim usly carried. <br />f. Rehabilitation Grants: Authorization was re- FOUR (4) REHABILITATION <br />quested for four 4 Rehabilitation,`Grants, in the La-- GRANTS APPROVED,:PARCEL <br />Salle ark Urban Renewal Project, R -575 for the follow- NOS. 7 -2, 12 -15, 25 -7 & <br />ing parcels: 38 -18, LASALLE PARK URBAN <br />RENEWAL PROJECT, R -57 <br />Parcel No. Address Cost <br />7 -2 2614 W. Washington St. $ 600.00 <br />12 -15 121 South Camden St. 1,850.00 . <br />25 -7 122 South Chicago St. 31,500.00 <br />38 -18 301 S. Iowa St. 3,000.00 <br />On motion by Mr. Chenney, seconded by MrA. Wiggins., <br />the ab ve- stated grants were authorized and motion <br />unanim usly carried. <br />7. PROGRESS REPORTS <br />a. Business Relocation: Mr.;Harrison Miller re BUSINESS RELOCATION, <br />ported that, to date, the relocation staff..has.recom CENTRAL DOWNTOWN, URBAN <br />mended payment of 17 relocation payments; 15 of these RENEWAL PROJECT, R -66 <br />have been approved by the Commission and paid and two <br />were s bmitted for approval in,this meeting. The one <br />final claim concludes .a long and difficult . relocation <br />assign ent the staff has worked with since'Jan.uary, <br />1968. <br />The following claims were paid: $1,044.136'r a moving <br />claim; $2,500:00 for a small. ;business displacement <br />payment; $4,296.00 for replacement housing: payment from . <br />Rev. Kirk's office,.for a grand total of $7,840.13. We <br />are paying with Commission approval $273.81 for a small <br />business displacement payment and direct loss, payment <br />when a business discontinues to A. F. Smith. This makes <br />a total payment of $2,773.81 to.- A;._F. Smith Company. <br />10 <br />