Evening star., 1961-03-25
OFFICIAL NOTICES

NOTICE OF PUBLIC HEARING.-
Notice b hereby given that the
District OF Columbia Redevelop-
ment Land Agency will hold Q
Public Hearing pursuant to Sec.
tion .7(c) of the District Of Co
lumbia Redevelopment Act Of 1915
(P. I. 602. .79th Congressl as
amended, on Wednesday April 8.
1861. at 1880 AM. in the
Ageney'e Board Room on the Fifth
Floor ct 9l9 18th Street North
pose of this hearing is to consider
the terms and conditions OF five
subsidiary documents TO be exe-
cuted within the purvieW Of the
Master. Agreement dated July 2.
1896, by and between the Agency
and the First National Capital Re-
DEVELOPMENT Corporation. and also
to make certain amendments there
to. The first contract to be con-
sidered Is proposed to be executed
with Capital Park Three, Inc. Cor
trustees for the benefit thereofl
Tne lease will be for . term Of
approximately. 30 years with an
sxSinsiYe option 20 purchase on
lease term. The Redeveloper pro-
poses to construct three, S-story,
htgh.rise, residential apartment
buildtngg. The property 70 be
leased is located between 1th
Street and Delaware Avenue closed
and q Street and. the Southwest
section Of the interloop express.
way. within Project Area b Il
Southwest washington. The pro-
posed lease period Is scheduled tc
Degin on or about the LIST Of May
1851, at an annual rental oi
$44,OZ3.Sg. The Agency intends Il
cpnsummate the disposition Of thi,
parce! on or after April 5, 1851
the notice, inclusive Of the date
Of this publication). The remain.
ing four contracts relate to sue.
ceedtng stages Of DEVELOPMENT 81
both town houses and an add.
tlonal elevator apartment building
These contracts will amend and
supersede the Master Agreement
referred to above. This hearing d
being conducted as required b
Congress in order to assure that
citizens are. informed about the
selling and leasing Of property In
the Project Areas for the purpose
ot redevelopment and to assure
that citizens have the opportunity
TO publicly present their Views con.
eerning such sale or lease. Copies
OF the proposed lease agreement
may be obtained at the Office Of
the Executive Director Of thG
Agency at 91e 18th Street North.
west. In. addition to the lease
agreement, the Agency has Ger.
tain information on file which Il
mas received from the iessees iden.
Trying its officers and principai
members, shareholders and inves.
tors and other interested parties
all OF which Is available for public
examination at the Office OF the
Agency during its regular office
hours tl.e.. 6:15 AM. TO 4:45 Pm,
daily. individuals and representa-.
tives Of examinations intending &
present q statement at the hearing
are requested to furnish theii
names, addresses and telephonC
numbers and the names OF TN
organizations they represent (ii
any) In writing to John r, Moran
IT., Acting Realty Disposition OF.
tlcer Groom 40b) at 919 18th
street Nortiiwest, no later thar
$40 Pm, Monday, April 3, 1851;
NotwithStandfng the foreeOinf
provisions Of this paragraph, AMI
person or organization desiring Il
pc heard will be afforded such a.
opportunity ct the hearing. JOHN
~. sEARLES. Jr., EXECUTIVE DI.
RECTOR, DISTRICT OF COLUM.
B1A REDEVELOPMENT LANE
AGENCY. mh26