Box 15, Folder 5, Document 65

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Box 15, Folder 5, Document 65

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July 16, 1968
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Mr., Edward Hoody
Chairman, Board of Truste~
Model Neie;.hborhood, In.co
700 HcDaniel Street, S. Wo
Atlanta, Georgia 30310
Re t
Parcels B-lO"o and
B-14
Ra,1,;son-',·fo.slrl!\:,.:i-ton Streut Urban
Redevelcp~'1.t Area
Project GeorGia R-10
Model Neighborhood, Inc.
Dear lil'. Moody:
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Thank you for your letter of June 26, 1968, in which you advisetl us
concern:ins your efforts to·.-rard getting fina.'1cing for t:1.e shoppin.:;
center you plan to erect on the above described prope~ty. You also
epea.1< of an option to ucquir0 tt.e prop8.rt7 and request an e.~tension
of tio:-e because your 5% bid doposit e;q:-ires on July 13th.
In clarification of tho t!l.2.tter it scew.S appro9riate to rcrvieu bria..-"l:{
the e.~1sting situ~tion in res_pBct to thls propertyo. On r!ay 17, 1968,
Model Nei 6hborhcod, Inc., r.iade a proposal to The Housing Authority to
bey Parcels B- lOb and B-14 in the P~wson-:--!ashl~cn Street Urb81 Redelopr~t Area for a price o.r $216,500.00 ruid attached to the proposal
a Treasurer's check issu_ed by ths Trust Cor.i.pa.ny of Georgia in the sum
of $10,800. oo.
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May 22, 1968, the Board of Com.a jssio.ners. of the Ilouslng Authority
accepted the proposal. conditioned upon your corporation reccivinJ a
On
commitment of funds.
On Hay 29,
1968, the Housing Authority wrote and advised you or the
action taken b,:r tl19 Boo.rd of Co!'.:." ~ssion!~s and furth.ei· actdsed that
· be.fore th.a Housing Authority ca n actun.lly and forinally accept your
• proposal, it must have kno.-iled2e that Hodel Ueivlborhood., Ince, has.
received such a co,;'.}::tltcent o Ho date was set by which you are required
to obtain su-::h a c0r.1::tl t ,:1ent.. It m1s our desire to eive ;rou a re.:isonable t ir:1s and to work w:i th y cu i n eve17 1-1a.y pos sibleo
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Mr. &r;1ard Hoody
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Joly 16, 1963
Fags Two
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As the mtter now stc.ncls, t-lhen the Housin3 Authority is given knO'..rledge
that Hod al Ifoighborhood., Inc.,, has received a co;:rrl tD":ent of funds for
the purpo.::;a of building the shoppin3 ce:iter, the pre-po.sci. c.ade by Hodel
Neighborhood, Inco 1 will be .:i.ccei:)tedo This situation will continue
terr a. re~so:iablc tiC"..G and ';{e sincerely hope tJiat your ef!orts to fin:l.Ilce
the project .-till soon be fruitful.
Howard Open.shaw
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Director
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  1. http://allenarchive.iac.gatech.edu/originals/ahc_CAR_015_015_005_065.pdf

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