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AW South Bend Redevelopment Commission <br />Regular Meeting - February 02, 2001 <br />6. NEW BUSINESS (CONT.) <br />g. continued... <br />recommends accepting the proposal from <br />Douglas L. Carpenter & Associates in the <br />amount of $1,200. <br />Upon a motion by Ms. Jones, seconded by <br />Mr. Kahn and unanimously carried, the <br />Commission approved the proposal from <br />Douglas L. Carpenter & Associates in the <br />amount of $1,200 for professional appraisal <br />services for property located at 1010 Prairie <br />Ave. in the Sample -Ewing Development Area. <br />(Huckins Tool & Die) <br />h. Commission approval requested for <br />Subordination Agreement for property <br />located at 1013 Altgeld. (Susann Schultz) <br />Ms. Thompson explained that the Subordination <br />Agreement is in relation to the Affordable Loan <br />Program. The loan is for home improvement <br />repairs and is being subordinated to <br />Countrywide Home Loan. She stated that Ms. <br />Schultz meets all the requirements for the <br />program and that the mortgage is in the amount <br />of $53,600. <br />Upon a motion by Mr. Caldwell, seconded by <br />Mr. Faccenda and unanimously carried, the <br />Commission approved the Subordination <br />Agreement for property located at 1013 Altgeld. <br />(Susann Schultz) <br />-8- <br />COMMISSION APPROVED THE PROPOSAL <br />FROM DOUGLAS L. CARPENTER & <br />ASSOCIATES IN THE AMOUNT OF $1,200 FOR <br />PROFESSIONAL APPRAISAL SERVICES FOR <br />PROPERTY LOCATED AT 1010 PRAIRIE AVE. <br />IN THE SAMPLE -EWING DEVELOPMENT <br />AREA (HUCKINS TOOL & DIE) <br />COMMISSION APPROVED THE <br />SUBORDINATION AGREEMENT FOR <br />PROPERTY LOCATED AT 1013 ALTGELD <br />(SUSANN SCHULTZ) <br />