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02-21-03 Redevelopment Commission Minutes
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02-21-03 Redevelopment Commission Minutes
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South Bend Redevelopment Commission <br />Regular Meeting — February 21, 2003 <br />6. NEW BUSINESS <br />B. Tax Abatements <br />(1) continued... <br />Upon a motion by Mr. Faccenda, seconded <br />COMMISSION APPROVED RESOLUTION No. 1959 <br />by Mr. Kahn and unanimously carried, the <br />APPROVING AN APPLICATION FOR REAL <br />Commission approved Resolution No. 1959 <br />PROPERTY TAX DEDUCTION FOR PROPERTY <br />LOCATED AT 432 S. LAFAYETTE STREET IN THE <br />approving an application for real property <br />SOUTH BEND CENTRAL DEVELOPMENT AREA. <br />tax deduction for property located at 432 S. <br />(RESCUE, INC. AND HOPE HOUSING L. P.) <br />Lafayette Street in the South Bend Central <br />Development Area. (Rescue, Inc. and Hope <br />Housing L. P.) <br />C. 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 San Juana C. <br />Caballero a/k/a San Juana C. Sims. (1733 <br />N. Johnson Street) <br />Mr. Rock reported that the Subordination <br />Agreement is related to a mortgage executed <br />by San Juana C. Caballero, a/k/a San Juana <br />C. Sims through the Bureau of Housing. The <br />address is 1733 N. Johnson Street, South <br />Bend, Indiana. The Commission, on behalf <br />of the Bureau of Housing, will be agreeing <br />to subordinate its interest in the mortgage to <br />U. S. Bank in the not -to- exceed amount of <br />$3,750. The property is Lot Numbered 267 <br />as shown on the recorded Plat of Marquette <br />Park First Addition to the City of South <br />Bend. <br />Upon a motion by Mr. Kahn, seconded by <br />COMMISSION APPROVED THE SUBORDINATION <br />Mr. Blake and unanimously carried, the <br />AGREEMENT BETWEEN THE CITY OF SOUTH <br />Commission approved the Subordination <br />BEND ON BEHALF OF ITS BUREAU OF HOUSING <br />AND SAN JUANA C. CABALLERO A/K/A SAN <br />7 <br />
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