HomeMy WebLinkAboutMOB 01-19-651 P.M.
January 19
Present:
MEETING FOR THE OPENING OF BIDS FOR SALE OF SECOND SERIES B
PRELIMINARY LOAN NOTES
1965
Redevelopment Commission Office
129 West Colfax Avenue
Donald A. Wiggins, President, South Bend Redevelopment
Commission
James A. Bickel, Controller, City of South Bend
Bruce C. Hammerschmidt, LPA Counsel
David Hosinski, St. Joseph Bank & Trust Co., South Bend, Indiana
W. Jan Chong, Executive Director
Carl R. Nowak, Assistant Director
Gisella. M. Nagy, Accountant - Bookkeeper, LPA
Irene V. Ungurait, LPA Secretary
Proof of publication of Notice of Sale of $783,000.00, Second Series "B"
Preliminar Loan Notes.was summarized by Bruce C. Hammerschmidt:
Published: The South Bend Tribune - January 5, 1965
The Daily Bond Buyer - January 5, 1965
It being 1 p.m. Eastern Standard Time, the following bids were opened by James
A. Bickel, City Controller:
Salomon Brothers & Hutzler, 60 Wall Street, New York, N. Y., Interest rate
2.25% with $32.00 premium.
St. Joseph Bank and Trust Company, Michigan at Jefferson, South Bend, Indiana.
Interest rate of 2.27% with $7.00 premium.
Morgan Gua anty Trust Company of New York, 23 Wall Street, New York, N. Y.
Interest r to of 2.28% with $37.00 premium.
Bank of Atte rica.N.T. & S.A., 300 Montgomery Street, San Francisco, California..
Interest of 2.28% with $34.00 premium.
Continental Illinois National Bank and Trust Company of Chicago, Illinois.
Interest rote of 2.31% with $1.00 premium.
Upon exami ation of the bids, it was determined that the low bid was submitted
by Salomon Brothers & Hutzler, 60 Wall Street, New York, N.Y., calling for an
interest r to of 2.25% with $32.00 premium.
The bids
approval
Thereupon,
Department
of the acc
bidders.
e telephoned to the Housing & Home Finance Agency in Chicago and
given for the bid of Salomon Brothers & Hutzler.
Carl R. Nowak, Assistant Director of the South Bend Redevelopment
advised that he would forthwith wire Salomon Brothers & Hutzler
eptance of their bid, and that he would also advise the unsuccessful
r
Jan,, -Chong, Executive. erector'