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South B Redevelopment Commission Regular Meeting - September 13, 1985 6. NEW BIUSINESS (Cont.) b. dontinued... C. olution appropriating Four Million Two dred Thousand Dollars ($4,200,000) for uisition and redevelopment in the South d Central Development Area and related ts. ission approval requested for bids and s in connection with the Rental Rehab Loan ram for property located at 606 W. Colfax 608 -610 W. Colfax in accordance with the from the Bureau of Housing. Hunt asked that this item be continued to e next scheduled Commission meeting. The ds were opened and one of the bids was ightly higher than had been estimated. The ner of the property needs to update some of s financial information and bank commitment the private financing. The package should ready for the next Commission meeting. Chair directed this item be continued to next meeting. d. CDmmission approval requested fora propos . d loan in connection with the Affordable an Program in accordance with the commendation from the Bureau of Housing. Contractor COMMISSION APPROVED RESOLUTION NO. 748, A RESOLUTION APPRO- PRIATING FOUR MILLION TWO HUNDRED THOUSAND ($4,200,000) FOR ACQUISITION AND REDEVELOP- MENT IN THE SOUTH BEND CENTRAL DEVELOPMENT AREA AND RELATED COSTS ITEM 6c CONTINUED TO THE NEXT MEETING Bid F orence Smith V.V. Engle Construction $3,400.00 1440 E. Bowman . Hunt noted that this was just a proposal d not a loan as originally indicated on the enda. . Richmond explained that this involves a bid on a portion of the work that was finished by the original contractor. There re two bids received. The Bureau of using's recommendation is to go with the gher bid from V.V. Engle based on the ility of V.V. Engle to start immediately on e project. The original contract was Bockaj nstruction who has discontinued business as contractor. This was the last of the -12-