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South Band Redevelopment Commission Regular Meeting - January 2, 1980 FLOOR DISCUSSIONS (continued) Ms. rbeck: I don't like to drag out a topic DISCUSSIONS CON- which has probably been unpleasant for you CERNING KEVIN J. today, but I do think there are some loose BUTLER - POSSIBLE ends on this discussion of the Nemeth's admin- CONFLICT OF INTEREST istration memorandum about Kevin Butler which have not been answered, and I think the public deserves an answer. One is that on this smaller title insurance policy on the "hole ". Are you finding that you have to have this replaced? Mr. imtz: We have asked for bids and I beli ve we have received the policy, which has peen requested. Ms. rbeck: You mean that you have awarded that. Mr. llison: That is correct. A letter was writ en to the two remaining title companies requ sting written quotations to replace the poll ies for the bank and hotel ( "hole "). I beli ve that both companies had a date of December 20, 1979 to give us those quota- tions. Both arrived and the quotes were $850.00 and $895.00. We simply took the low quote, accepted it, and issued a Notice to Proceed to Abstract Company of St. Joseph County, Inc. Ms. rbeck: The question is now is the premium going to be refunded by Michiana Title Corporation for the policy that was not used? Mr. imtz: I do not know if it has been refunded as o F to date. Ms. erbeck: In the memorandum the question was rais d ... suppose there was difficulty in obtaining the efund of the premium, how can your attorney act or you to get the premium refunded when he is a so a member of the Michiana Title Corporation? Mr. llison: Ms. Derbeck, the memorandum discusses the 3o called disgorgement issue. Presumably that is one of the issues, I gather, that the outside coup el would examine. -16-