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6. NEW BUSINESS'(Cont'd of New York and Salomon Brothers of New York, with an interest rate of 3.63% and premium of $661.00, per HUD Regional Office approval and award. The maturity date is.: June 11, 1976. The Notice of Sale was published in The Daily Bond Buyer, on May 6, 1975, and in The South Bend Tribune, on April 29 and May 6, 1975. A master resolution (Resolution No. 281) authorizes the sale, issuance and delivery of project notes and the execution of requisition agreements, for Project Indiana R -66 The Project Notes and the requisition agreements were received in this morning's mail for execution and return to the Regional Office by Friday, May 30, 1975. Motion was made by Mr. Wiggins that the award be made to the low bidder, Morgan Guaranty Trust Company of New York and Salomon Brothers of New York, as noted above, seconded by Mr. Wade and carried. c Disposition Parcel No. 6 -1, R -66: Commission authorization was ADVERTISING requested to place legal advertisement for bids for the sale APPROVED TO of Disposition Parcel No. 6-1; also setting of the minimum RECEIVE BIDS accepted bid price for said parcel, Project Indiana R -66. FOR SALE OF DISPOSITION Mr. Brownell advised this is for the 16.3 acres along the St. PARCEL NO. Joseph River, R -66, which has been discussed with a number of 6 -1, R -66 prospective bidders, and we also have a prospective bidder who is interested but would require a change in the land use. At this point, we are requesting authorization to advertise for bids for this parcel to find out what bids we may receive on the present land use before changing the land use for the prospective bidder who would require the change. The Plaza Park is alongside the river and this land is next to the Park area that is being awarded this morning. Motion was made by Mr. Wiggins to authorize the legal adver- tising to receive bids for the sale of Disposition Parcel No. 6 -1, seconded by Mr. Wade and carried. Legal Counsel requested a motion authorizing the minimum bid MINIMUM BID price, which is $645,808.00, with an approximate square feet PRICE ACCEPT - area of 713,600, with reuse value per square foot of $.905, ABLE: with use of Service Commercial /Residential for Disposition $645,808.00 Parcel No. 6 -1, R -66. Motion made by Mr. Wiggins, seconded by Mr. Wade and carried.