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• 2 to Lot Surveys Company, Inc. for services related to the survey <br />3 overlap on property to be acquired for the Kenzie Terrace Redevelopment <br />4 Project. <br />5 <br />6 NEW BUSINESS <br />Motion carried unanimously. <br />7 Motion by Ranallo, seconded by Makowske to designate Stuart J. <br />8 Bonniwell, CPA, to do the H.R.A. 1987 audit. <br />9 Motion carried unanimousl <br />10 EXECUTIVE DIRECTOR REPORT <br />11 Mr. Childs had distributed copies of the letter from Lang Nelson <br />12 reapplying to do the final phases of the Kenzie Terrace Redevelopment <br />13 Project contingent upon their financer being able to get surety bonding <br />14 within a reasonable time. He pointed out that the Gaughan Company <br />15 was also willing to put up a Letter of Credit under the same <br />16 conditions and was now waiting to have their application for H.U.D. <br />17 credit enhancement cleared. The Executive Director pointed out that <br />18 with the bond interest changes in the last few weeks, both developers <br />19 are working hard to take advantage of the lower rates. <br />•20 Mr. Childs indicated Mr. Krier would be meeting with Lang Nelson the <br />21 next day and a special meeting might be necessary within the next few <br />22 days to report that meeting. <br />23 ADJOURNMENT <br />24 Motion by Ranallo, seconded by Marks to adjourn the meeting at 8:30 <br />25 P.M. <br />26 <br />27 Respectfully submitted, <br />28 Helen Crowe, Secretary <br />29 :cjk <br />• <br />2 <br />Motion carried unanimously. <br />