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11
The
Con
REDEVELOPMENT COMMISSION
itember, 1960 Redevelopment Commission Office
A. M. 129 West Colfax Avenue
neeting was called to order by Mr. James G. Louis, Secretary.
nissioners present and answering to roll call:
Mr. James G. Louis, ,Secretary
Mr. Frank G. Koczan
Mr. Virgil A. Place
Abse#it:
Mr. Fred J. Helmen, President
Mr. Clyde E. Williams, Vice President
The tc ecretary declared a quorum present.
Also resent:
I.
On
of
Ii.
Foll
revi
Mr. Frank J. Bruggner, Mayor
Mr. Edwin L. Davies, City Controller
Mr. Henry Sucher, Executive Director
Mr. Frederick X. Baer; Attorney
Mr. Edward J. Bielicki, Relocation Supervisor
P IPIROT .&IL, GIg' IIIlY1�'it'�Si
tion duly made, seconded and unanimously carried, the minutes
meeting of September 1, 1960 were approved as read, and the
ing, business was discussed:
T110I SIS;
g a brief discussion, the Commissioners decided to postpone
g the options for approval until the next regular meeting.
- 1 -
III.
Mr, Sucher reported the Schedule of Indemnities and Premiums for
Accident Coverage of the Travel Insurance Policy by the St. Paul Fire
and urine Insurance Company. The Commissioners and Mayor
Bruganer discussed the need and monies available for travel insurance..
On motion made by Mr. Place, seconded by Mr. Koczan, and unanimously
carried the Commission, decided that individuals traveling on business
of the Commission should be insured for the principal sum of $25, 000.
The Commission decided that two members of the Commission and two
staff members should attend the NAHRO Conference on October 2 -5
being held in Detroit, Michigan. Mr. Louis, Mr. Place and Mr. Sucher
will fly to Detroit, and Mr. Bielicki will drive.
V.
The eed for clerical help for acquisition was discussed, and it was
agre d that part time help should be hired, if funds are available.
VI.
Mayor Bruggner reported that arrangements have been made for the
trip to Chicago on September 28 to sign the bonds. Mayor Bruggner,
the newly appointed City Controller, Mr. Edwin L. Davies, Mr. Sucher
and Mr. Baer must be present for the transaction. The Commission
felt i unnecessary for members to attend.
On
otion duly made by Mr. Louis, seconded by Mr. Place and unan-
aly carried, the meeting adjourned at 11:55 a.m.
e
LQ A A4 14 K ) lmresident J es G. Lou ,Secretary
IF'
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i
Bids were
K. Baer, E
Redevelo -on
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opened according to law by the City Controller in the presence of Fred
and Attorney, James G. Louis, Frank Koczan, Virgil A. Place, of the
Lent Commission.
At 2:00 P. . C.D.T., September 1, 1960, Frank J. Bruggner, City Controller,
made a las call for bids for the South Bend Redevelopment Districts Bonds of
1960. The following proofs of publication were summarized by Fred K. Baer:
Published: The South Bend Tribune - August 12, August 19, 1960
Published: The Record - August 12, August 19, 1960
Published: The Indianapolis Commercial -August 15, 1960
Published: The Bond Buyer - August 16, 1960
The followi4 ten bids were opened and read by Frank J. Bruggner, City Controller.
(The winni g bid being listed first).
Net Interest Cost Effective Interest Rate
Salomon Bothers & Hutzler and
Associates $166,699.51 2.59799
Smith, Bar ey & Company
Bacon, Vsrh pple & Company
Bache & Company
City National Bank & Trust Company
of Chic go 167, 332.01 2.6077
Harriman ipley & Company, Inc.
Mercantile Trust Company
Harrison & Austin, Inc.
Burns, Corbett & Pickard, Inc. 168, 589.64 2.6273 %
Harris Tr st and Savings Bank, Chicago
Albert Mc ann Securities Co., Inc.
Mullaney, ells & Company 168, 850.00 2.6314 %
John Nuvee & Company
Merrill Lynch, Pierce, Fenner & Smith, Inc.
Cruttenden Podesta & Company 169, 125.00 2.6357 %
Goodbody Company
Ernst & Co pany 170, 305.67 2.6541276
Continentals Illinois National Bank and Trust
Company) of Chicago 170, 815.43 2.66205%
Morgan Gu ranty Trust Company of New York
and Associates 171, 607.34 2.6744 °fo
Halsey, St rt & Company, Inc.
-Hornblower & Weeks
City Securities Corporation
Weeden & Company App. 171, 600.00 App. 2.674 0/0
The Northern Trust Company
Braun, Bo worth & Co., Inc. 173, 992.51 2.7115710
The checks of the unsuccesful bidders were returned and receipted. The meeting
adjourned 4t 2:35 P.M.