Laserfiche WebLink
South BendlRedevelopment Commission <br />Special Me ting - November 2 6, 1985 <br />2. NEW BUSINESS (Cont.) <br />Mr. Richard Treptow, Springsted, Inc., stated <br />that he would call the bid rates into the <br />Springsted office to verify the calculations. <br />Mr. Tr ptow returned stating that the bid <br />rates had been checked and were accurate as <br />submitted. <br />Mr. Vance awarded the bid to Merrill Lynch <br />Capital Markets as the low bidder. <br />Upon a motion made by Ms. Auburn, seconded by <br />Mr. Conbs and unanimously carried, the <br />Commis ion ratified and confirmed the bid <br />award to Merrill Lynch Capital Markets. <br />Upon a motion made by Mr. Combs, seconded by <br />Mr. Do oho and unanimously carried, the <br />Commis ion authorized the President and <br />Secret ry to execute any and all necessary <br />docume ts. <br />Mr. Va ce stated that all bids received were <br />excell nt bids and expressed appreciation and <br />thanks to all the bidders. <br />Mr. TrE <br />favorax <br />and the <br />bond it <br />approxi <br />Other i <br />includE <br />downtov <br />TIF bor <br />Treptov <br />Commis; <br />sale. <br />Mr. Nir <br />complir <br />work tt <br />bond sz <br />Eugenie <br />Redeve] <br />bond. <br />ptow commented that all received were <br />le bids due to the current bond market <br />bond insurance. He noted that the <br />surance will save Redevelopment <br />mately $400,000 in interest costs. <br />tems attributable to the favorable bids <br />d the economic development growth in <br />n South Bend and this being the first <br />d issue in the State of Indiana. Mr. <br />congratulated the Redevelopment <br />ion and staff for an excellent bond <br />z on behalf of the Commission <br />nted Springsted, Inc., for the good <br />y performed in preparation for the <br />e. He also thanked Richard Hill, <br />Schwartz, Michael Vance and the <br />ument staff for their work on the <br />-2- <br />COMMISSION'RATIFIED AND <br />CONFIRMED THE BID AWARD TO <br />MERRILL LYNCH CAPITAL <br />MARKETS <br />COMMISSION AUTHORIZED THE <br />PRESIDENT AND SECRETARY <br />TO EXECUTE ANY AND ALL <br />NECESSARY DOCUMENTS <br />