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7. NEWIBUSINESS (Cont'd <br />luding 76 lineal feet concrete footings, 36 square feet block, and <br />0 square feet concrete floor. <br />r. Crighton also advised that even with the inclusion of this dollar <br />mount request for the change order, we are still $385.20 under the <br />ext highest bid that we originally received, which was: $6,170.20. <br />ommissioner Wiggins, chairing the meeting, added that we are also <br />oming up with concrete for the front and rear porches instead of <br />he tongue qnd groove, which is a substantial improvement there. <br />ommissioner Cira stated he felt the contractor is in line here, <br />nd made the motion for the approval of Change Order No. l to Re- <br />abilitation Contract No. SECD /PR /CS -2/13, for an increase in con - <br />ract amount of $1,180.00, with Fleming Masonry Construction Company, <br />ith an amended contract total of $5,785.00, in Community Develop - <br />ent Housing Program. Motion seconded by Mr. Donaldson and unani- <br />ously carried. <br />c. First Series 1976 Project Notes: Mr. Brownell advised these Project <br />otes, in amount of '6,951,000.00, were awarded to the low bidder, <br />per our bid opening date of May 11, 1976, at 1:00 P.M., Eastern <br />Daylight Savings Time, to: <br />Bankers Trust Company <br />Bank of America N.T. & S.A. <br />Continental Illinois National Bank & Trust Co. <br />Merrill Lynch, Pierce, Fenner and Smith <br />By: Bankers Trust Company <br />16 Wall Street <br />New York, N.Y. 10015 <br />.t an interest rate of 2.84 %, with a Premium of $157.00, and maturity <br />late of: September 17, 1976. <br />ur Resolution No. 281 authorizes the sale, issuance and delivery of <br />roject Notes, and the execution of requisition agreements in Project <br />ndiana R -66. <br />he Notice of Sale of the Project Notes appeared in The Daily Bond <br />uyer on April 27, 1976; and also in The South Bend Tribune on <br />pril 27, 1976. The notes have been presented and have been signed <br />y the Mayor and submitted to the Regional Office in Chicago as re- <br />uested by the Office of the Regional Counsel, Region V, Department <br />f Housing and Urban Development, Chicago. <br />Fhe other bids received were: (Bid Amount: $6,951,000) <br />3idder's Name and Address I Interest Rate Premium <br />Fhe Chase Manhattan Bank, N.A. 2.85% None <br />Freasury Dept., Tax Exempt Note Division <br />)ne Chase Manhattan Plaza, 35th Floor <br />Jew York, New York 10015 <br />FIRST <br />SERIES <br />1976 <br />PROJECT <br />NOTES <br />AWARDED <br />