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6. <br />BUSINESS (Cont'd <br />Bidder's Name and Address Int. Rate <br />First National City Bank & Associates 4.18% <br />Money Market Division <br />95 Wall Street 1 - 22nd Floor <br />New York, N.Y. 10015 <br />($3 Million Bid) <br />7 Million Bid <br />4.21% <br />Premium <br />$ 546.00 <br />Mellon <br />Bank, N.A. <br />4.23% <br />139.00 <br />Mellon <br />Square <br />Pittsburgh, <br />PA 15230 <br />$5 Million Bid) <br />Morgan <br />Guaranty Trust Co. of N.Y. <br />4.23% <br />375.00 <br />Sal orion <br />Brothers <br />25 Wall <br />Street <br />New <br />York, N.Y. 10015 <br />$5 Million Bid) <br />$5 Million Bid) <br />4.23% <br />375.00 <br />Pittsburgh <br />National Bank <br />4.34% <br />382.00 <br />P.O. <br />Box 340777P <br />Pitt <br />burgh, PA. 15222 <br />The uccessful bidder for the Project Notes, in the aggre- <br />gate principal amount of Ten Million and No /100 (10,000,000.00) <br />Dollars, for the Central Downtown Urban Renewal Project, R -66, <br />was ankers Trust Company, New York, N.Y., with an interest <br />rate of 4.08% and premium of $402.00, per HUD approval and <br />award. The maturity date is: December 20, 1974. <br />The Noti ce of Sale was published in The Daily Bond Buyer, <br />Fri y, December 18, 1973; The South Bend Tribune, December <br />11 and 18, 1973; and Tri- County News on December 14 and 21, <br />197 <br />A master resolution (Resolution No. 281), for the Central <br />Downtown Urban Renewal Project, R -66, covers the authoriza- <br />tior of these Project Notes. These notes are for one -year <br />ren wal. <br />On notion by Mr. Wiggins, seconded by Rev. Williams and unani- <br />mola ly carried, the above bids were received and are noted <br />for the record. <br />- 9 - <br />