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South Bend edevelopment Commission <br />Regular Meeting - June 20, 1980 <br />6. NEW BUS <br />b. continued.... <br />M Robinson: What is the background on <br />drick? <br />. Baumgartner: The background (based on <br />financial statements) is very new. He <br />ws assets suitable to cover this job. <br />Mr� Robinson: What type of work force <br />do 6s he have? <br />r Baumgartner: He has four people besides <br />i elf. <br />Mr. Robinson made a motion to approve <br />Section 312 loan bid contracts to; 1) <br />Carlis Phillips of 1106 W. Washington, <br />co tractor -- Diedrick in the amount of <br />$23,1617.50; 2) Jack Sherwood of 533 <br />Cleveland, contractor - -Brown in the amount <br />of $15,190.00; 3) Richardson of 1029 Burns, <br />contractor--Brown in the amount of $12,222.00; <br />4) June Graham of 920 N. Brookfield, <br />contractor--Stickler, in the amount of <br />$12,162.00, subject to legal counsel <br />re iew and South Bend Common Council <br />approval, seconded by Mr. Donaldson, and <br />the motion was unanimously carried. <br />c. Comdnission a7ipr0val reQtiested for the fol <br />312 loan applications: <br />Name <br />Jessie 'chardson <br />1029 Bu s Avenue <br />South B nd, IN. 46617 <br />Amount I Loan No. <br />$16,050.00 .18 /OMC- 0011/87/1 <br />Carlis Priscilla Phillips $19,450.00 18 /OMC- 0011/87/1 <br />1106 W. Washington Street <br />South B nd, Indiana 46625 <br />Jack bra Sherwood $15,650.00 18 /OMC- 0011/86/1 <br />533 Cle eland <br />South B nd. IN. 46628 <br />Mrs Baumgartner: The reason that the Carlis F <br />Priscilla Phillips' loan is lower than the given <br />amount is that the conjunction loan with Southold <br />Heritage is in the amount of $4,000.00 <br />-10- <br />COMMISSION APPROVAL OF <br />312 LOAN BID CONTRACTS <br />TO FOUR CONTRACTORS <br />