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10 <br />was <br />Cont <br />$18, <br />subjE <br />Coun� <br />IEW BUSINESS (Cont'd <br />Summer Youth Employment Contract: Authorization SUMMER YOUTH EMPLOY <br />:quested to enter into a Summer Youth Employment MENT CONTRACT APPROVED, <br />act, for Projects E -3, E -5, R -57 and A -10, with E -3, E -5, R -57 & A -10 <br />isation not to exceed maximum compensation of <br />)0.00, with amounts allocated for Projects: <br />E -3 <br />$ 1,000.00 <br />E -5 <br />2,800.00 <br />R -57 <br />5,000.00 <br />A -10 <br />10,000.00 <br />Total 18,800.00 <br />:t to approval of the Executive Director and Legal <br />f1. <br />Mr. Wade said the criticism last year was the supervision <br />on the summer youth program. Mr. Lennon said the Positive <br />Actin Development Committee, which is a group of 20 to <br />25 year old's, will take that responsibility and super- <br />vise. The stipulation for the supervision will be shown <br />in t4 contract. <br />On motion by Mr. Wiggins, seconded by Mr. Wade and unani- <br />mous y carried, the Summer Youth Employment Contract was <br />authorized, subject to approval of Executive Director and <br />Lega Counsel, per above. <br />s. Preliminary Loan Notes: Bid opening was held at <br />1:00 P.M., E.S.T., on April 3, 1973, for the LaSalle Park <br />Urban Renewal Project, Ind. R -57, Second Series 1973, for <br />the amount of $1,320,000.00. The bidders were: <br />Bidd is Name and Address Int. Rate Premium <br />First National City Bank <br />Money Market Division <br />95 Wall Street 1 - 22nd Floor <br />New ork, N.Y. 10015 <br />Salo on Brothers <br />Morgan Guaranty Trust Co. of N.Y. <br />One qew York Plaza <br />New fork, N.Y. 10004 <br />First Bank and Trust Company <br />South Bend, Indiana 46601 <br />Continental Illinois National Bank <br />and Trust Company of Chicago <br />231 South LaSalle Street <br />Chicago, Illinois 60693 <br />3.89% $ 39.00 <br />3.92% $ 38.00 <br />4% <br />Bank of America NT & SA /Bankers Trust Co. 4.11% <br />San Francisco, California <br />- 13 - <br />None <br />$ 38.00 <br />PRELIMINARY LOAN NOTES <br />AWARDED TO: FIRST <br />NATIONAL CITY BANK, <br />N.Y., N.Y., R -57 <br />