RM 08-03-73 - Laserfiche WebLink

Home Browse Search

7. NEW BUSINESS a. Public Offering No. 7: We received a bid from Associates Bancorp., Inc., along with an Irrevocable Letter of Credit from the First Bank & Trust Company for six months. On August 1, 1973 we received an extension of the Irrevocable Letter of Credit, No. 1334, in amount of $161,4 8.10, covering Disposition Parcel Nos. 2 -13, 4 -30A, 4 -30B, 4 -31, 4 -32 and 4 -42. This covers 10% of the pur- chase rice of the land. This should be received and placed on rec rd. On motion by Mr. Wiggins, seconded by Mr. Chenney and unani- mously carried, Irrevocable Letter of Credit No. 1334 was accept d from the First Bank & Trust Company to be placed on fi 1 . PUBLIC OFFERING NO. 79 IRREVOCABLE LETTER OF CREDIT, NO. 13349 R -66 b. Change Order No. 9 to Contracts A, B, C and D: Ap- CHANGE ORDER NO. 9 proval was requested of Change Order No. 9 to this contract TO CONTRACTS A, B, with tie Rieth -Riley Construction Co., Inc., for extension C & D APPROVED, E -3 of tim only for completion date of this contract to August 24, 1973. This is in the Northeast Code Enforcement Area, Indiano Project E -3. This extension is required because the subbase, which was chemically treated and graded last fall during a period of heavy rainfall, has not stabilized sufficiently to allow placing of the binder and surface courses. There is no change in the dollar amount of the contract. c. Vault Retaining Wall Contracts 3, 4 and 5: Approval VAULT RETAINING was re ueste to rescind Vault Retaining Wall Contracts, Nos. WALL CONTRACTS 3, 4 3, 4 a d 5, in Indiana Project R -66. & 5 RESCINDED, R -66 Mr. L to it appli The app The cos non said basically we want to void the contracts and rporate the work in the Pedestrian Way, only where it Contract 3: Would be built under the Hickey Company Contract (Commerce Building). Contract 4: Would be eliminated at this time (New Drumville- Guitarland Building). Contract 5: The Vault Wall at about 107 W. Jefferson at rear of Parcel No. 9 -21 would be built under the Hickey Company Contract. The other vault walls on Contract 5 would be eliminated. ximate cost of the Commerce Building is: $2,875.00. of 107 W. Jefferson vault wall is unknown. Approvap to rescind the above contracts is subject to approval of other p rties involved.