HomeMy WebLinkAboutMOM 07-21-64MEMO DUM OF MEETING FOR THE OPENING OF BIDS FOR SALE OF FOURTH
SERIF A PRELIMINARY LOAN NOTES
1x00 . M.
July 11, 1964
Pre
Proof
°A" Pz
from t
1964,
It is
ing b
Redevelopment Commission Office
129 West Colfax Avenue
.tr James G. Louis, President, South Bend Redevelopment
Commission
James A. Bickel, Controller, City of South Bend
Fred J. Helmen, Secretary, South Bend Redevelopment
Commission
Henry Sucher, Executive Director
Carl R. Nowak, Assistant Director
of publication of Notice of Sale of $990,000, Fourth Series
eliminary Loan Notes, dated August 17, 1964, was submitted
he South Bend Tribune and the Daily Bond Buyer dated July 7,
and the Record dated July 3, 1964,
r 1 :00 p.m. Eastern Daylight Savings Time, and the follow-
were opened and received=
Chemi al Bank New York Trust Co., 20 Pine Street, New York.
Inter st rate 2.24/ with premium of $1.
Salomoln Brothers and Hutzler, Sixty Wall Street, New York 5, N. Y.
Interest rate 2.19/ with premium of $51.
Continlntal Illinois National Bank and Trust of Chicago, Illinois.
Interest rate 2.19/, no premium.
Morgan Guaranty Trust Company of New York and Associates, 140
Broad y, New York. Interest rate 2.18/ with $46 premium.
Bank of America National Trust and Savings Association, 300
Montgo ery Street,, San Francisco, California, interest rate 2.17/
with p emium of $69.
Banker Trust Company, 16 Wall Street, New York. Interest rate
2.13/, no premium.
St. Jo�eph Bank & Trust Co., South Bend, Indiana. Interest rate
2.09/, no premium.
Upon e amination of the bids, it was determined that the low bid
was s mitted by the St. Joseph Bank and Trust Company of South Bend,
-1-
Indiana, calling for no premium payment and a rate of interest
of 2.09% per annum. The bids were telephoned to the Housing
& Home Finance Agency in Chicago and approval was given to the
bid of St. Joseph Bank and Trust Company.
There Upon Carl R. Nowak, Assistant Director of the South Bend
Redevelopment Commission, advised that he would forthwith wire
the St. Joseph Bank and Trust Company of the acceptance of their
bid.
-S�
Henry Suc er
Executive Director