RM 03-04-77 - Laserfiche WebLink

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7. PROGROSS REPORTS (Continued): The other bids received were: (Bid Amount: $4,150,000.00) Bidder's Name & Address Interest Rate Premium Morgar Guaranty Trust Co. of New York 2.83% $ 282.00 Salomon Brothers - Erlich -Bober Company 23 Wall St., New York 10015 Continental Bank of Chicago 2.84% $ 304.00 231 S LaSalle St. Chi ca o, IL 60693 First National Bank of Boston & Associates 2.87% $ 45.00 P. 0. Box 3031 Boston, Massachusetts 02107 Citibank, N.A. & Associates 2.90% $ 265.00 New Y rk , NY 10015 Unite California Bank 2.90% $ 1.50 Bond lept., 707 Wilshire Blvd. Los A geles, CA Maili g Address: Box 3666, Terminal Annex Los Angeles, CA 90051 The Iridiana National Bank 2.97% $ 72.00 One I diana Square India apolis, IN 46266 Bankers Trust Company 3.00% $ 304.00 16 Wall Street New York, NY 10015 Mr. Brownell indicated that everything is in order, per Mary Dangles of the Chica td Office. The bonds have been shipped to the Chemical Bank in New York will be there this morning (March 4, 1977). Mr. Brownell continued with the report concerning the Department of Re- SALE OF devel pment car that was left over when we reduced the staff by one member. AUTO He st ted that we have arranged to transfer the car to another department of thE City (Environmental Protection), and they are going to pay us the agree(-upon inventory price. On thE revenue - sharing money, $221,000, that the City is going to pay us, REVENUE this Patter came before the City Council last Monday night (February 28, 1977)SHARING and t e ordinance was approved by the City Council. HUD has already called $221,000 to seE about the money, and they are to be told by the Community Develop- ment reople that it will not be available to us until the State Board of Accou is have reviewed the matter.