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III. <br />- Continued <br />Reimbursement to Redevelopment Revolving Fund <br />for expenditures for month of June, 1962 <br />From Project Expenditures Account Fund _3,894_.73 <br />From Urban Redevelopment Fund 2,303.81 <br />$6,198.54 <br />On moti n made by Mr. Helmen, seconded by Mr. Place and unanimously,, <br />carried, claims for payment totaling $27,857.93 were endorsed by the <br />Commiss'on. <br />IV. B0 OPENING ON CONTRACT FOR IMPROVEMENTS, INDIANA R -7 <br />Bids on a Contract for Site Improvements in the Sample Street Project <br />Area, Indiana R- 7'being duly advertised were opened at 11:00 A.M. at <br />the Commission offices. Two bids were received on the Contract, they <br />were as follows: <br />Rieth -Rley Construction Company, Inc., 1145 Prairie Avenue, South <br />Bend, I ' diana submitted a bid as follows: <br />Contract A - $83,017.00 <br />Contract B - No Bid Submitted <br />Contract C - $3,536.00 <br />Total $86,553.00 <br />Securit in the amount of 5/ of the total bid price in the form of a <br />bid bond with the Standard Accident Insurance Company was attached. <br />Reed Construction Company, 2021-2 N. Main Street, South Bend, Indiana <br />submitt d a bid as follows: <br />Contract A - $96,034.10 <br />Contract B - No Bid Submitted <br />Contract C - $ 6,520.00 <br />Total $102,554.10 <br />Reed Construction Company also offered a $2,580.00 reduction in the <br />total bid price if the entire contract was awarded to them. Security <br />in the form of abond with the Federal Guarantee Company of New York <br />was attached. <br />The Contract for Site Improvements will be awarded in'the near future. <br />Contract B was not bid on. It was decided that Contract B''of the Site <br />Improvements Contract be re- advertised, if necessary. <br />-3- <br />i-------- --- - - - - -- -- --- - - - - -- - - - -- <br />