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4. <br />OLD BUSINESS (Cont'd) <br />Mr. chrager: "First stage, as soon as title is cleared- - <br />you �an't sell something you don't own." <br />Mr. Ilan Mele: "That is why I stated: 'Clear and marketable <br />titl e, ." <br />Mr. Wiggins held up one of the brochures depicting the <br />renderings--view is from Colfax looking South. The brochure <br />was Oassed around in the audience. <br />b. Phase III Contract (Mall): Mr. Lennon said we had PHADE III CONTRACT <br />tentative Commission approval for the Invitation of Bids to (MALL), R -66 <br />be published in The South Bend Tribune, on this Friday and <br />next Friday, April 13th, for the construction of the Urban <br />Renewal Project, Indiana R -66, Phase III, Pedestrian Way. <br />Item No. 1: General Work: Involves demolition, clearing, <br />grading, a variety of pavings, drainage, walls, <br />water lines, electrical installation, pools, <br />fountains, canopies, sculpture, street furni- <br />ture, and other work incidental thereto, as <br />one contract; and Contract <br />Item No. 2: Lawns and Planting Work: Includes finish grad- <br />ing, tops oi ing, sodding, planting, maintenance <br />(including maintenance equipment), and other <br />work incidental thereto. <br />Based on this invitation of bids, the Commission and the De- <br />partment of Redevelopment agreed there would be approximately <br />$352,400.00 set aside, which is approximately 1 /10 of the <br />total estimated cost of the Mall. This total includes: <br />Demo 11 ti on <br />Sidewalk $ 18,000 <br />urb 7,000 <br />avement 82,500 <br />Concrete Construction <br />idewalk $ 161,000 <br />urb 22,000 <br />avement (Terrazzo) 19,000 <br />einforced Concrete Walls 36,900 <br />teps 6,000 <br />In di: <br />this <br />does i <br />bid si <br />ginal' <br />This % <br />Total $ 352,400 <br />cussing this, it appears it may be better to pull out <br />mount of money, which would allow any contractor that <br />of have the bonding power of 3.5 Million Dollars to <br />parately on this 10% set aside approved by HUD. Ori- <br />y, the concept was that it go to Minority Contractors. <br />ould be in addition to the minority employees the <br />- 5 - <br />