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02-02-01 Redevelopment Commission Minutes
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02-02-01 Redevelopment Commission Minutes
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CW South Bend Redevelopment Commission <br />Regular Meeting - February 02, 2001 <br />i. Commission approval requested for <br />Subordination Agreement for property <br />located at 2106 W. Indiana Ave. (Shuntae L. <br />Williams) <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 Teachers <br />Credit Union .She stated that Ms. Williams <br />meets all the requirements for the program and <br />that the mortgage is in the amount of $21,000. <br />Upon a motion by Mr. Faccenda, seconded by <br />Ms. Jones and unanimously carried, the <br />Commission approved the Subordination <br />Agreement for property located at 2106 W. <br />Indiana Ave. (Shuntae L. Williams) <br />j. Commission approval requested for <br />Certificate of Waiver for property located at <br />717 Blaine. (Travis Shell) <br />Mr. Inks noted that the Certificate of Waiver is <br />in connection with the Rental Rehab Program. <br />The program is for the rehabilitation of rental <br />property in which the Commission agrees to <br />waive 10% of the mortgage providing <br />conditions of the program are met. He stated <br />that the amount to be waived is $1,600 as of <br />May 1, 2000. <br />Upon a motion by Ms. Jones, seconded by <br />Mr. Kahn and unanimously carried, the <br />Commission approved the Certificate of Waiver <br />for property located at 717 Blaine. (Travis <br />Shell) <br />Kea <br />COMMISSION APPROVED THE <br />SUBORDINATION AGREEMENT FOR <br />PROPERTY LOCATED AT 2106 W. INDIANA <br />AVE. (SHUNTAE L. WILLIAMS) <br />COMMISSION APPROVED THE CERTIFICATE <br />OF WAIVER FOR PROPERTY LOCATED AT 717 <br />BLAINE (TRAVIS SHELL) <br />
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