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RM 03-04-77
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RM 03-04-77
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7. PROGROSS REPORTS (Continued): <br />The other <br />bids received were: (Bid Amount: <br />$4,150,000.00) <br />Bidder's <br />Name & Address <br />Interest Rate <br />Premium <br />Morgar <br />Guaranty Trust Co. of New York <br />2.83% <br />$ <br />282.00 <br />Salomon <br />Brothers - Erlich -Bober Company <br />23 Wall <br />St., New York 10015 <br />Continental <br />Bank of Chicago <br />2.84% <br />$ <br />304.00 <br />231 S <br />LaSalle St. <br />Chi ca <br />o, IL 60693 <br />First <br />National Bank of Boston & Associates <br />2.87% <br />$ <br />45.00 <br />P. 0. <br />Box 3031 <br />Boston, <br />Massachusetts 02107 <br />Citibank, <br />N.A. & Associates <br />2.90% <br />$ <br />265.00 <br />New Y <br />rk , NY 10015 <br />Unite <br />California Bank <br />2.90% <br />$ <br />1.50 <br />Bond lept., <br />707 Wilshire Blvd. <br />Los A <br />geles, CA <br />Maili <br />g Address: Box 3666, Terminal Annex <br />Los Angeles, CA 90051 <br />The Iridiana <br />National Bank <br />2.97% <br />$ <br />72.00 <br />One I diana Square <br />India apolis, IN 46266 <br />Bankers Trust Company 3.00% $ 304.00 <br />16 Wall Street <br />New York, NY 10015 <br />Mr. Brownell indicated that everything is in order, per Mary Dangles of the <br />Chica td Office. The bonds have been shipped to the Chemical Bank in New <br />York will be there this morning (March 4, 1977). <br />Mr. Brownell continued with the report concerning the Department of Re- SALE OF <br />devel pment car that was left over when we reduced the staff by one member. AUTO <br />He st ted that we have arranged to transfer the car to another department <br />of thE City (Environmental Protection), and they are going to pay us the <br />agree(-upon inventory price. <br />On thE revenue - sharing money, $221,000, that the City is going to pay us, REVENUE <br />this Patter came before the City Council last Monday night (February 28, 1977)SHARING <br />and t e ordinance was approved by the City Council. HUD has already called $221,000 <br />to seE about the money, and they are to be told by the Community Develop- <br />ment reople that it will not be available to us until the State Board of <br />Accou is have reviewed the matter. <br />
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