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05-08-07 Redevelopment Commission Minutes
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05-08-07 Redevelopment Commission Minutes
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5/8/2007
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05-08-07 Redevelopment Commission Agenda
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\Public\Redevelopment Commission\Agendas & Packets\2007
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South Bend Redevelopment Commissio n <br />.l eschedUle l l e L1lar Meeting -May 8, 2007 <br />6. NEW BUSINESS (CONT.) <br />E. Airport Economic .Development Area <br />There was no business in the Airport E onom..ie <br />Development Area. <br />F. South Bend Medical Services District <br />'I'li re was no bLISi.ness in the South Bend Medical <br />Services District. <br />G. West Washington-Chapin Development Area <br />1 Comml*ssion approval requested for <br />Stibordin.ation Agreement for property <br />located at 128 LaPorte Ave., -1.32 1.."a <br />Porte Ave., 136 La Porte Ave., 902 Colfax <br />Ave, 90 Colfax Ave. and 910-912 Colfax <br />Ave. in the West Wa i tol - Chapin <br />Development Area, <br />Mr. Sellers noted that Dunbar Corners is <br />being refinanced t i '-ough .�..l��l . .�.. is <br />requesting the City of South Bend sign the <br />Subordination Agreement concerning a <br />Rctital Rehab note that the city extended to <br />Dunbar Corners as part of the initial f tndilh <br />.for the protect. The funds were Community <br />Development Block Grant funds. MFB is <br />refinancina a Standard Federal loan. <br />Upon a motion by Mr. Icing, seconded by <br />Mr. Downes and unanimously carried, the <br />Commission approved the Subordination <br />A reel ent for property located at 128 <br />La orte Ave., 130 -1.32 La- Porte Ave-, 136 <br />LaPorte Ave., 902 Colfax Ave, 906 Colfax <br />Ave. and 910 -912 Colfax Ave. in the West <br />Washington-Chapin Development rea. <br />3 <br />COMMISSION APPROVED THE SUBORDINATION <br />A l r.MLNT FOR PROP1=fRT LOCATF -1) Al" 1 <br />LAPO RTE AV E., 130 -132 LA OR-1 -F AVM , 136 <br />LAPoRTE Avr., 902 COLFA Avl -'l 906 COUAX <br />AVE. AND 910-912 COLFA AVE. IN -rHE 1:�� <br />� <br />A lNGTON- CI-IAPi Dr-vr.LOP11 ENT AREA <br />
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