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R1 <br />BUSINESS (Cont'd <br />Didder['s Name and <br />Continental Illinois National Bank <br />and Trust Co. of Chicago <br />The First Boston Corporation, <br />Joint Manager <br />By Co tinental Illinois National <br />Bank 8 Trust Co: of Chicago <br />231 S LaSalle Street <br />Chica o, Illinois 60690 <br />Int. Rate Premium <br />2.84% $795.00 <br />The First National Bank of Chicago 2.92% $ 21.00 <br />Municipal Bond Department <br />One First National Plaza <br />Chicago, Illinois 60670 <br />The successful bidder for the Project Notes, in the <br />aggregate principal amount of Twelve Million Six <br />Hundred Seventy -Five Thousand and No /100 ($12,675,000.00) <br />Dollars, for the Central Downtown Urban Renewal Project, <br />R -66, was Discount Corporation of New York, by First <br />Bank end Trust Co. of South Bend, as Agent, with an <br />interest rate of 2.64% and premium of $731.00. <br />Notice of Sale was published on January 25, 1972, in <br />The S uth Bend Tribune and The Daily Bond Buyer. <br />A mas er resolution (Resolution No. 281), for the <br />Centr l Downtown Urban Renewal Project, R -66, covers <br />the a thorization of these Project Notes. <br />Presi ent Helmen asked what the rate was on the <br />previous retired notes in comparison to the above <br />rates The previous bid opening was on February 9, <br />1971, with an interest rate of 2.34 %, in comparison <br />to the above 2.64 %. <br />. Phase II -B Contracts: Authorization was re- <br />quest Ed for the President and Secretary to execute <br />Phase II -B Contracts, which were awarded by Commission <br />in Meeting of December 17, 1971, to Arco Engineering <br />Construction Corporation, in the amount of $559,008.75, <br />for Bituminous pavement and sewers, concrete curbs, <br />sidew lks, signal foundations and conduits for signali- <br />zatio -- construction primarily of St. Joseph Street from <br />Wayne Street north to its intersection at LaSalle and <br />also a short piece from Monroe to Western coming off <br />Michi an Street, west side of post office site; to <br />Rieth Riley Construction Co., Inc., in the amount of <br />$327,S78.42, for the Colfax Bridge demolition and re- <br />placement, and the Addendum for the protection of high <br />volts a conduits. <br />-6- <br />PHASE II -B CONTRACTS <br />AUTHORIZED FOR COM- <br />MISSION EXECUTION, <br />R -66 <br />Q <br />