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6. NEW BUSINESS (Cont'd <br />Bid o�ening was March 14, 1973, at 11:00 A.M., E.S.T., <br />with he following three (3) firms submitting bids: <br />me olf Contractor <br />O'Neal Trucking Company <br />1104 est Donald Street <br />South Bend, Ind. 46613 <br />B & J Demolition <br />408 E st Ohio Street <br />South Bend, Ind. <br />Mille Construction Company <br />R.D. 3, Garthwaite Road <br />Marion, Ind. 46952 <br />Amount of Bid <br />$ 2,300.00 <br />$ 3,225.00 ** <br />$ 2,370.00 <br />On motion by Mr. Wiggins, seconded by Mr. Chenney and unani- <br />mously carried, Demolition Contract No. 3 was awarded to the <br />low bidder, O'Neal Trucking Company, in bid amount of <br />$2,300.00, and the President and Secretary be authorized to <br />enter into a contract, subject to Legal Counsel approval and <br />HUD co Incurrence. <br />c. Resolution No. 441: This Resolution authorizes the RESOLUTION NO. 441 <br />issuance of certain project Loan Notes for Project Indiana ADOPTED, R -57 <br />R -57. HUD has approved the issuance of Second Series 1973 <br />Project Notes for this project in the amount of $1,320,000.00. <br />The advertisement of said Notes will be on March 20, 1973, with <br />bid op ning on April 3, 1973, at 1:00 P.M., E.S.T. <br />Mr. Babe said this will be used to pay off the old notes and <br />to pro ide a small amount of capital until close -out. <br />On motion by Mr. Wiggins, seconded by Mr. Chenney and unani- <br />mously carried, Resolution No. 441 was adopted. <br />d Option Agreement: Approval and authorization was re- OPTION AGREEMENT <br />queste for the President to sign one (1) Option Agreement, APPROVED, PARCEL NO. <br />for Parcel No. 41 -1A, located at 205 -217 South Camden Street, 41 -1A, R -57 <br />R -57, in total sum of $5,000.00. <br />On mot'on by Mr. Chenney, seconded by Mr. Wiggins and unani- <br />mously carried, the above - stated Option Agreement was accepted <br />and th President authorized to execute. <br />e Rehabilitation Grant:: Cancellation of previous grant <br />approved in amount of 2,839.00 (Rehabilitation Grant No. <br />18/E-3/81/3), for Parcel No. 62 -31, at 811 North St. Peter <br />Street E -3 was requested, and the approval of a grant in <br />amount of $2,967.00, for the same parcel be granted (18 /E- <br />3/98/3 . <br />the <br />REHABILITATION GRANT <br />APPROVED, PARCEL NO.. <br />62 -31, E -3 <br />