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South Bend edevelopment Commission <br />Special Mee ing - October 10, 1979 <br />2. NEW BUS NESS (continued) <br />a. Op4ing of bid proposals received for demolition bids (continued) ... <br />DEMOLITION BIDS RECEIVED <br />tractor's Name <br />6. M &4 Sarko Contractors <br />Dea born, Michigan <br />Amount of Bid <br />$198,950.00 <br />Type of Guaranty <br />Bid Bond but no <br />power of attorney <br />included with bid <br />The Char then directed that the bids be received and referred to the staff <br />and legal counsel for recommendation and report. <br />b. Opening of bid proposals received for the rehabilitation <br />of Disposition Parcel #4 -67, the Odd Fellows Building. <br />Mr. Ellison: Mr. Chairman, <br />bids are opened, the staff, <br />spe tive redevelopers, told <br />a period of five minutes to <br />We would recommend that the <br />bidi were received. <br />before the rehabilitation <br />in conversation with the pro - <br />them they would be allowed <br />summarize their proposal. <br />y do so in the order that the <br />1st Rehab Proposal Received <br />OPENING OF REHABILI- <br />TATION PROPOSAL FOR <br />DISPOSITION PARCEL <br />#4 -67 <br />Mr. Ellison: The first bid was submitted by a local REHAB PROPOSAL FROM <br />dev doper, Mr. T. Brooks Brademas. Mr. Brademas is un- T. BROOKS BRADEMAS <br />abl to be here today. Therefore, I would ask the chair <br />to ecognize Professor Ray Stuermer, who is here <br />rep esenting Mr. Brademas. <br />The Chair recognized Professor Ray Stuermer, on behalf <br />of T. Brooks Brademas: <br />Mr. Butler: The first proposal is submitted by Heritage <br />Building. A bank money order is included in this package <br />in the amount of $10.00. This is a 10% deposit for acqui- <br />sit on of the property. <br />Pro essor Stuermer: (The professor handed out copies of a <br />det fled outline of the proposal for the Commissioners <br />and Executive Director to review). Our proposal suggests <br />tha the retention of the building in its present state is <br />ent rely possible and feasible from an economic point of <br />view. (Professor Stuermer presented some drawings to the <br />Commission, Redevelopment Staff and everyone present at <br />the meeting). <br />He then continued with the explanation of his proposal... <br />We ave made some assumptions that would show how this <br />bui ding would tie into the proposed mall, Transpo Center, <br />-3- <br />