HomeMy WebLinkAboutMOB 01-21-64MEMORANDUM ON BID OPENING
Redevelopment Commission Office
129 West Colfax Avenue
On Jaxivary 2.1, 1964, at the hour of 1205 p.m. Eastern Standard
Time, the following persons convened:
Mr. LTzanes A. Bickel, Controller, City of South Bend, Indiana
Mr. Henry Sucher, Executive Director, Department of Redevelopment,
City of South Bend
Mr. James G. Louis, President, South Bend Redevelopment Commission
Mr. B uce C. Hammerschmidt, Attorney for the Redevelopment
Co fission
Purpose of the meeting was to open bids on the sale of $970,000
Preliminary Loan Notes, First Series B, by the Redevelopment
Commission of South Bend, Indiana.
Proof of publication of the sale of said Preliminary Loan Notes
was s bmitted, as follows:
Daily Bond Buyer on January 7, 1964
The f llowing bids were received:
Name
Premium
Interest
Rate
John Nuveen
& Co., Inc.
$29.00
2.17/
New
York, N. Y.
Continental
Illinois National Bank and
-
2.119/
Trust
Company of Chicago
Bank cf
America NT and SA First National
54.00
2.11/
City
Bank, San Francisco, California
Morgar
Guaranty Trust Co. of New York
3.00
2.089/
Chemi
al Bank New York Trust Co., N. Y.
42.00
2.08/
Salomon Brothers and Hutzler, N. Y. 2.00 2.056/
St. J seph Bank and Trust Co. - 1.99/
So th Bend, Indiana
The St Joseph Bank and Trust Company was awarded the loan
note o the basis of their low bid.
Henry Such r
Executive Director