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M . B . S A TTERF I E LD EDWIN L. ST ERNE E X ECUTIV E CHA JR >. 1/\N D I R E CT OR A~ J:> S E CRE T A R Y LESTE R H . PERSELLS A SS O C IAT E GEOR GE S. CR A FT E XE CUT IV E DI RE CT OR VICE CHAI RMA N C A RL T O N GA R R E TT D IRE C TOR OF F'I N A NCE G I L BE RT H. BO GGS J. B . SLA YTON DI RE CT OR OF HO US ING FRANK G. ETHE R IDGE HOW A RD OPENSHAW DI R ECTO R JACK F . GLENN 82 4 R ED E VELO PMEN T GEO RG E R. HU R T B UILDI NG SA NDER TECH NICA L DI RE CTOR ATLANTA, GE O RG IA 30 3 03 JAC KS ON or 3 · 6 074 January 27, 1969 Pi·oj e ct: D8scription: Nei ghbor hood' Devel op11cnt Program The acquisition of 378 Parcels of Land; Clearance of 52 Acr es ; The r ehabilitati on of 570 hou sing units; Also r eloc ation of 431 f amili es and 10 busi ne sses wi t h t he goal of havi ng 91111N.A famili e s turni ng i n a dequat el y s er vice d standard, affor dabl e hous ing units by t he end of 1969 as a r es ult of New const r uct ion and rehabili tation activiti es . $ 12, 626, 969 Total Cost: Thi s i ncludes : $349, 467 431, 250 1,627, 528 6: 812,483 3,406,241 Feder al Rel o8ation Grant Federal Rehabi li t ation Gr ant Dispositi on Pr oceeds Federal Pro j e ct Capital Grant Local NCG IA. Cre di ts The l ocal shar e is$ 3, 406, 241 , f unded by t he fol l owi ng Non-Cash-Grants in-a i d : 1. All of thes e f und s are commi tted ~ Compl et ed Non-Cas h- Gr ants i n - Aid : Hoke Smith Hi gh School Gi de ons Element ary School Pryor Elementary Sc hool D. H. Stant on Ele.!'l~ School Capitol Avenue El em. School Grant Park Key Park Stanton Park 191 , 851 680, 827 1, 007 , 620 1;;368,180 27,000 86, 686 57, 565 1.so,873 $ 3,580,602 $ Require d Non-Cash- Gra nts - in- Aid: ..§? 3,406,241 Surplus Non-Cash-Grants - in-Aid: $ 174,361 �Page No. 2 January 27, 1969 Nei ghborhood Devel opment Program 2. The approve d budget i ncludes funds to hire staff and buy equipment suffici ent to meet t hes e goals thi s year if the staff can be recrui ted. 3, The application for Feder al grants to carry out these acti viti es in the Model Ci ties a rea under the ije i ghbo rho od Development Pr ogram for 1969 has been submitted and approved by the Federal grant in the a mo unt of $6 , 999,200. �