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August 26, 1968 Mr. Johnny C. Johnson Ex cutive Director Model Neighborhood Program 673 Capitol Avenue, S. w. Atlanta, Georgia Dear Johnny: On Tuesday, August 20th, the Model Neighborhood Program's Ex outive Board approv d a $6,000 grant to Model Neighborhood, Ino. for the purpos of that corporation's performance of c rtain s ~vices in th Model Neighborhood Program area. Mod l Neighborhood, Ince, you know, is an ighborhood dev lopn nt corporation locat din th Modal Neighborhood Program r a. For th p st s veral month the corporation ha n op rating on ad y•to-day basi b caus of its lack of financial r source. The Corporation has now cornpl tely xhau ted it · r ourc nd ind per tion has asked th Mod 1 Neighborhood Program for s i t nee. This lett r k your pproval of our r comm nd tion to ppropriat $250.00 of our contr ct fund to Mod 1 Neigbborhood, :Inc. und r it 1.1 of our contr ot, hich rad follows= 1.1 Th Consult nt hall d v lop program to bring together loc l nd nary sourc of priv t c pit 11 l.l .. l Inv stigat th f asibility of tabli hing d v lopm nt corpor tion with bro d loc 1 particip ·· tiQn; �Mr. Johnny c. Johnson Page 2 August 26, 1968 1.1.2 Encourage interest from outside sources of capital in investigating in study area developnents. We have discussed on previous occasions the importance of a neighborhood d velopment corporation carrying out economio development programs within the area. At this point, the corporation is an important and significant part of the Program's Economic Developn nt Compon nt . A subsist nc contribution at this time would allow it to continue in operation until other funding mechanisms are formally approved. With b cc: t wi h , Dan Sweat, City of Atlant . Mr. Scott Ruth rford, , 0 .K . '7' �