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CITY ATTORNEY IS OFFICE <br />INTER -OFFICE MEMO <br />TO,. DATE; <br />SHERRIE PETZ MARCH 9, 1984 <br />DEPUTY CITY CONTROLLER <br />FROM; <br />CAROLYN V. PFOTENHAUER <br />ASSISTANT CITY ATTORNEY <br />SUBJECT; <br />TOWN TOWER MOTEL PROPERTY <br />r <br />You will recall that in March, 1983, the City sold the Town <br />Tower property to Town Tower Motel Corporation and took a Promissory <br />Note and a real estate mortgage in the amount of $59,004.00, payable <br />in two payments of $29,502.00 with the first payment due on July 1, <br />1984, and the second payment due on July 31, 1986. Town Tower Motel <br />Corporation is now selling the property to Tom Brademas and I advised <br />them that they would have to pay off the entire mortgage balance <br />before the City would issue a release of mortgage. On March 8, I <br />received a cashiers check drawn on the Huntington National Bank in <br />Columbus, Ohio, in the amount of $59,004.00. The remitter is Crown <br />Dielectric Industries, another corporation owned by the owners of <br />Town Tower Motel Corporation. This check pays off the entire amount <br />due on the mortgage and note. I have drafted a release of mortgage <br />and will be processing it through the Board of Public Works next <br />Monday. The check is attached to this memo. Please process it <br />immediately. If you have any questions, please contact me. <br />CVP/clt <br />Attachment <br />CC: Sandy Parmerlee <br />Clerk Board of Works <br />Personally appeared before me, the undersigned, a Notary <br />Public in and for said County and State, John E. Leszczynski, <br />Richard L. Hill and Michael L. Vance, known to me to be the members <br />of the Board of Public Works of the City of South Bend, Indiana, <br />