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RM 03-04-77
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RM 03-04-77
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6. NEW BUSINESS (Continued): <br />d. Mr Wiggins moved the approval of the subject contracts. Motion <br />t wa lost for want of a second. <br />7. PROGRESS REPORTS <br />Mr. Br wnell indicated there were several matters on which he wished to <br />report, the first concerning the Philadelphia case. He asked if there <br />was anything on this from counsel. The Chair replied that he was under <br />the im ression the hearing has been concluded and the case is under <br />advise ent with the Judge "Mr. Patton and Mr. Chapleau, is that <br />correc ?" <br />Mr. Pa ton and Mr. Chapleau indicated this information is correct and <br />they h ve heard nothing further at this time. <br />C. Wayne Brownell then reported on the sale of the First Series 1977 <br />Projec Notes as follows: <br />"T ese First Series 1977 Project Notes, in the amount of $4,150,000, <br />we a awarded to the low bidder; per our bid opening date of <br />Fe ruary 23, 1977, at 1:00 p.m., Eastern Standard Time, as follows: <br />Chemical Bank & Associates <br />20 Pine Street <br />New York, New York 10015 <br />By: Chemical Bank <br />Coupon Paying Dept. <br />Jas. Waterman, Asst. Treas. <br />55 Water Street <br />New York, NY 10041 <br />Zan interest rate of 2.82 %, with a Premium of $8.00 and maturity <br />a of: December 16, 1977. <br />Our Resolutuion No. 281 authorizes the sale, issuance and delivery <br />of Project Notes, and the execution of requisition agreements in <br />Pr Ject Indiana R -66. <br />Tha Notice of Sale of the Project Notes appeared in The Daily Bond <br />Bu er on February 8, 1977; and also in the South Bend Tribune on <br />Fe ruary 8, 1977. The Notes have been presented and have been <br />signed by the Mayor and submitted to the Regional Office in Chicago <br />as requested by the Office of the Regional Counsel, Region V, <br />Department of Housing and Urban Development." <br />3tea <br />PROGRESS <br />REPORTS -- <br />PHILADELPHIA <br />CASE <br />FIRST <br />SERIES <br />1977 <br />PROJECT <br />NOTES <br />
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