Document VJyOeOgbvYRO9G0aQEVR1Kb8N

subj ec t Cleveland, Ohio January I95D FOR Mattcra on Lhich PI roctora and/or Executive Committee Action Ha3 Bean la'xoa tuid on Which Other Action in lending /ill Directors an s w er ing l et t er o f leint Division 1. /jjancV.'.cnt or Ripolin Agreement (17) - negotiationa with reopeet to this pro poned cj-tcnctocnt vHribocontinucO during tho loot week in pobruary vhon Mcacro* payan and Polo vioit Cleveland. 2. Calc of Evansville Branch (9) - A suitable location -for the new Evansvlllo Brunch Ho" not ao yet iccn found. tTfco sale of our present Evansville Branch property, ao authorised by tho directors on March 15, 1957/ vill bo delayed until niurjigejaento can bo mdo to nssure obtaining other suitablo branch facilities. 3. ITE'e Covering Rehabilitation of Cleveland Plant (3) - Changeo in tho expenditures covered by PIE X-7lU-Ji," approved by the Board on September 2^, 1957/ suggested by thi Chief Engineer/ Xncurance Manager and Oontrollor ere to be submitted by Mi*. Duncan to tha Board or Executive Committee at the February or 1torch meeting. "C-011 Agrec-tient" - She revision of tho License Agreement with Eoso Hesearch and Engineering Company authorised by tho Executive Ceaxoitte on January 0 has been prepared for presentation to Esso for execution. 5* Oonoral Paint Corporation of Canada, Lira!ted - Nugotlatiouo with General/ no authorized by the ihcocuti've cccsi-itiee' on January 5/ will bo resaewd on or about April 15 vhon Mr. Ayres returns from vacation. ^ Cherjicalc-PlKKonts-lfotals Division 1. Proponed Solo of Scranton, Pennsylvania Plant (7) - Negotiations for the sale of this plant are still ponding. 2. li&tnito Conversion Project at Adrian Joyce Worlo - Mr. a^lsoy vill prepare and submit to the Board a PfE covering the necescary expenditures to be incurred in carrying; out this project as authorirod by tho Executive Caaaittea on January 0. Pood Division 1. Proposed Solo of Iron Street and HorvalK plants (7) - Ho offers of purchase for either 't&e Iron street or HorvaLk plants have been received. Vlth respect -to the Horvallt plant, five non-exclusive real estate brokers are attesting to find a purchaser, and in the last fov days several companies have evidenced on interest in this property. 2. Proposed Sale of Elmhurst^ Long Island Property (5) - Ho reasonable offers of purchase for ihio plant have Wen received. She property is nov listed on e non exclusive bcois with 17 industrial brokers, and several prospective purchaaers GLD008087 All Directors -2- January hf 1953 arc teles actively solicited by these brokers* The C. Grant Keck Orgonimtlon in still trying to obtain e coordtaent from an insurance eorupany so that one of ltD clients way submit a purchase proposal for this property. Southern Chemical Division 1, Crcstuoofl Street Colocation (6) * The Southern Cherdcol Division's negotiations vith the City of Jacktonvillc for the relocation of Crestvood Street are ponding, and, at the present tiiao, the City has indicated that the total cost of this project vill substantially exceed the sum of 4l2>500 ao authorised by the directors on April 19, 1957. VPS/bJo V P. Stetzelborgor &V00 (2toe figure in parentheses is nuober of consecutive noaths item has been pending*)