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122 <br />REGULAR MEETING <br />MAY 1, 1989 <br />- 30% on all accounts collected in St. Joseph County, <br />Indiana <br />- 40% on all accounts collected outside of St. Joseph <br />County, Indiana <br />- 40% on all accounts turned over to an attorney for legal <br />action <br />FEDERATED COLLECTION AGENCY <br />Suite 138, Marycrest Building <br />2015 West Western Avenue <br />South Bend, Indiana 46629 <br />Proposal was submitted by Robert Forgash, President, and is <br />as follows: <br />- 35% on all monies collected <br />- No fees will be assessed on unrecovered accounts <br />MIDWEST COLLECTION SERVICES, INC. <br />3222 Mishawaka Avenue <br />P.O. Box 4187 <br />South Bend, Indiana 46634 <br />Proposal was submitted by Mr. Frank R. Kracher, Sales <br />Representative and is as follows: <br />- 40% straight and 50% for suit or transfer <br />- All monies would be remitted monthly <br />- Client inventory report can be provided upon request <br />Upon a motion made by Mr. Leszczynski, seconded by Mrs. DeClercq <br />and carried, the Proposals were referred to the Fire Department <br />for review and recommendation and the applications for bidder <br />qualification as submitted with the Proposals were accepted for <br />filing and referred to the Affirmative Action Review Committee <br />for review and recommendation. <br />APPROVE DEPARTMENT OF ECONOMIC DEVELOPMENT CONTRACTS - SOUTH BEND <br />HOME IMPROVEMENT LOAN ACTIVITY <br />Mr. Leszczynski advised that submitted to the Board today and <br />recommended for approval were four (4) Contracts with consortium <br />member banks to continue the South Bend Home Improvement Loan <br />Guarantee Program through December 31, 1990. Therefore, upon a <br />motion made by Mrs. DeClercq, seconded by Mr. Leszczynski and <br />carried, the following Contracts were approved and executed: <br />FIRST INTERSTATE BANK <br />Total funds to be deposited with this Agency in connection <br />with the South Bend Home Improvement Loan Activity shall not <br />exceed $6,751.43. <br />VALLEY AMERICAN BANK & TRUST COMPANY <br />Total funds to be deposited with this Agency in connection <br />with the South Bend Home Improvement Loan Activity shall not <br />exceed $10,911.40. <br />TRUSTCORP BANK <br />Total funds to be deposited with this Agency in connection <br />with the South Bend Home Improvement Loan Activity shall not <br />exceed $14,866.78. <br />1ST SOURCE BANK <br />Total funds to be deposited with this Agency in connection <br />with the South Bend Home Improvement Loan Activity shall not <br />exceed $163,261.74. <br />�7 <br />El <br />Fj <br />