RM 09-07-73 - Laserfiche WebLink

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6. N$W BUSINESS (Cont'd Bidder's Name and Address 'Int, Rate Premium Bid Amount Bankers Trust Company 5.76% $ 77.00 $ 985,000 New York, N.Y. First National City Bank * ** 5.54% 985,000 of Ne York * ** his bid was received in the Department of Redevelopment ffice, at 2:15 P.M., E.S.T., September 5, 1973. This telegram bid was checked by staff and it was received at he South Bend Western Union Office- -per their records- - t 1:39 P.M., E.S.T., from the New York Office. This id was received 2:15 P.M. (after bids were opened) and ould not be considered. On motion by Mr. Wiggins, seconded by Mr. Chenney and unani- mous) carried, Commission concurred with HUD's acceptance of low bidder, Salomon Brothers of New York, with interest rate of 5.63% premium of $73.00, in bid amount of $985,000 for the A -10 Freliminary Loan Notes. C. Commercial Lease: Commission approval was requested COMMERCIAL LEASE for the Executive Director to execute the cancellation of CANCELLED, GAMBLES Commercial Lease with Gambles House of Fabrics, effective HOUSE OF FABRICS, R -66 October 1, 1973, R -66. This is a 30 -day notice for cancellation. On motion by Mr. Wiggins, seconded by Mr. Chenney and unani- mous) carried, the Executive Director was authorized to exe- cute the cancellation of the Commercial Lease with the Gambles House of Fabrics. d. Proclaimer Certificate No. 2, R -57: Authorization PROCLAIMER CERTIFICATE was requested for the xecutive Director to execute Proclaimer NO. 2, R -57 Certificate No. 2, relative to the establishment of Fair Market Value for property to be acquired, Ind. R -57, per Schedule A, for Parcel Nos. 42 -4 and 22 -21, in amounts of $6,025 and $5,850 respectively. On mo mousl cute e. missic feet e Des gn formed and he comple new of would per ar on by Mr. Chenney,.seconded by Mr. Wiggins and unani- carried, the Executive Director was authorize&;to exer oclaimer Certificate No. 2, Ind. R -57, per Schedule A. Brown /St. Joseph Bank Buildinq Desiqn, R -66: Com- approval was requested for approximately three (3) croachment into Mall on Brown /St. Joseph Bank Building R -66. The St. Joseph -Brown Building Company, a newly - partnership of the St. Joseph Bank and Trust Company rs of the Samuel Brown estate, is in the process of ing architectural drawings for the construction of a ice building in downtown South Bend. The building e located at the corner of Michigan and Jefferson, ist's rendering presented to Commission. - 9 - THREE (3) FEET EN- CHROACHMENT APPROVED, BROWNE /ST. JOSEPH BANK BLDG. DESIGN, R -66