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1 P.M. <br />January 19 <br />Present: <br />MEETING FOR THE OPENING OF BIDS FOR SALE OF SECOND SERIES B <br />PRELIMINARY LOAN NOTES <br />1965 <br />Redevelopment Commission Office <br />129 West Colfax Avenue <br />Donald A. Wiggins, President, South Bend Redevelopment <br />Commission <br />James A. Bickel, Controller, City of South Bend <br />Bruce C. Hammerschmidt, LPA Counsel <br />David Hosinski, St. Joseph Bank & Trust Co., South Bend, Indiana <br />W. Jan Chong, Executive Director <br />Carl R. Nowak, Assistant Director <br />Gisella. M. Nagy, Accountant - Bookkeeper, LPA <br />Irene V. Ungurait, LPA Secretary <br />Proof of publication of Notice of Sale of $783,000.00, Second Series "B" <br />Preliminar Loan Notes.was summarized by Bruce C. Hammerschmidt: <br />Published: The South Bend Tribune - January 5, 1965 <br />The Daily Bond Buyer - January 5, 1965 <br />It being 1 p.m. Eastern Standard Time, the following bids were opened by James <br />A. Bickel, City Controller: <br />Salomon Brothers & Hutzler, 60 Wall Street, New York, N. Y., Interest rate <br />2.25% with $32.00 premium. <br />St. Joseph Bank and Trust Company, Michigan at Jefferson, South Bend, Indiana. <br />Interest rate of 2.27% with $7.00 premium. <br />Morgan Gua anty Trust Company of New York, 23 Wall Street, New York, N. Y. <br />Interest r to of 2.28% with $37.00 premium. <br />Bank of Atte rica.N.T. & S.A., 300 Montgomery Street, San Francisco, California.. <br />Interest of 2.28% with $34.00 premium. <br />Continental Illinois National Bank and Trust Company of Chicago, Illinois. <br />Interest rote of 2.31% with $1.00 premium. <br />Upon exami ation of the bids, it was determined that the low bid was submitted <br />by Salomon Brothers & Hutzler, 60 Wall Street, New York, N.Y., calling for an <br />interest r to of 2.25% with $32.00 premium. <br />The bids <br />approval <br />Thereupon, <br />Department <br />of the acc <br />bidders. <br />e telephoned to the Housing & Home Finance Agency in Chicago and <br />given for the bid of Salomon Brothers & Hutzler. <br />Carl R. Nowak, Assistant Director of the South Bend Redevelopment <br />advised that he would forthwith wire Salomon Brothers & Hutzler <br />eptance of their bid, and that he would also advise the unsuccessful <br />r <br />Jan,, -Chong, Executive. erector' <br />