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04-04-03 Redevelopment Commission Minutes
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04-04-03 Redevelopment Commission Minutes
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South Bend Redevelopment Commission <br />Regular Meeting —April 4, 2003 <br />C <br />6. NEW BUSINESS (CONT.) <br />A. Housing <br />(1) Commission approval requested for <br />Subordination Agreement between the <br />City of South Bend on behalf of its <br />Bureau of Housing and Richard III and <br />Genoab Johnson. (1139 N. Johnson) <br />Mr. Rock reported that the Subordination <br />Agreement is related to a mortgage executed <br />by Richard Johnson, III and Genoah Johnson <br />through the Bureau of Housing. The address <br />is 1139 N. Johnson Street, South Bend, <br />Indiana. The Commission, on behalf of the <br />Bureau of Housing, will be agreeing to <br />subordinate its interest in the mortgage to <br />CitiFinancial Mortgage Company, Inc. in the <br />amount of $6,200. The property are Lots <br />ILI Numbered 108 and 109 as shown on the <br />recorded Plat of Mayr's Michigan Avenue <br />Addition to the City of South Bend. <br />Upon a motion by Mr. Kahn, seconded by <br />Mr. Faccenda and unanimously carried, the <br />Commission approved the Subordination <br />Agreement between the City of South Bend <br />on behalf of its Bureau of Housing and <br />Richard III and Genoah Johnson. (1139 N. <br />Johnson) <br />B. South Bend Central Development Area <br />(1) Commission approval requested for <br />Resolution No. 1967 relating to <br />acquisition of property within the South <br />Bend Central Development Area by <br />Eminent Domain. <br />IL 7 <br />COMMISSION APPROVED THE SUBORDINATION <br />AGREEMENT BETWEEN THE CITY OF SOUTH <br />BEND ON BEHALF OF ITS BUREAU OF HOUSING <br />AND RICHARD III AND GENOAH JOHNSON. (1139 <br />N.JOHNSON) <br />
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