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Ln <br />South Bend Redevelopment Commission <br />Special Meeting —January 5, 2001 <br />6. NEW BUSINESS (CONT.) <br />1. continued... <br />Mr. Inks noted that the Kelsches have met <br />all the obligations under the Rental Rehab <br />Program and are entitled to the release of <br />mortgage. <br />Upon a motion by Mr. Kahn, seconded by <br />Mr. Caldwell and unanimously carried, the <br />Commission approved the Satisfaction of <br />Obligations and Release of Mortgage for <br />property located at 617 N. Cushing St. (Leo <br />R. & Cleora Kelsch) <br />m. Commission approval requested for <br />Satisfaction of Obligations and Release of <br />Mortgage for property located at 619 N. <br />Cushing St. (Leo R. & Cleora Kelsch) <br />Mr. Inks noted that the Kelsches have met <br />all the obligations under the Rental Rehab <br />Program and are entitled to the release of <br />mortgage. <br />Upon a motion by Mr. Kahn, seconded by <br />Mr. Caldwell and unanimously carried, the <br />Commission approved the Satisfaction of <br />Obligations and Release of Mortgage for <br />property located at 619 N. Cushing St. (Leo <br />R. & Cleora Kelsch) <br />n. Commission approval requested for <br />Resolution No. 1823 pledging tax <br />increment finance revenues for the <br />payment, if necessary, of the <br />environmental remediation revolving loan <br />fund administered by the Indiana <br />Development Finance Authority. <br />Mr. Case explained that IDFA requires <br />backing for their loan to the City which will <br />-8- <br />COMMISSION APPROVED THE SATISFACTION <br />OF OBLIGATIONS AND RELEASE OF <br />MORTGAGE FOR PROPERTY LOCATED AT 617 <br />N. CUSHING ST. (LEO R. & CLEORA KELSCH) <br />COMMISSION APPROVED THE SATISFACTION <br />OF OBLIGATIONS AND RELEASE OF <br />MORTGAGE FOR PROPERTY LOCATED AT 619 <br />N. CUSHING ST. (LEO R. & CLEORA KELSCH) <br />