Laserfiche WebLink
South Ben <br />Commissio <br />Friday, M <br />Redevelopment Commission <br />ers' Regular Meeting <br />y 19, 1978 <br />6. NEW BOSINESS (Continued) <br />a. (continued) <br />M-. Nimtz: That used to be a pretty good neighborhood years ago, and <br />F ed Vaughn and I used to own the second house north of Lincolnway West, <br />w ich was John Campbell's house and Judge Dempsey's folks lived right <br />n xt door, but the neighborhood has gone down and as Don says, there <br />w re real substantial and big homes in that neighborhood. <br />Mt. Robinson: I was just curious, if that was all renovation, what <br />i the house worth if they needed that much money to fix it up. <br />. Nimtz: Are there any other questions? <br />Mr. Harcus: There is one item sir. In the 312 loan, it is not just <br />the rehabilitation or compliance with health and safety codes—the <br />homeowner is permitted in the loan program to expense approximately <br />50% of his loan on what you would call cosmetics, making the kitchen <br />nicer, etc., as long as the major codes are covered. <br />. Robinson: Is there a maximum limit on how much income these <br />ople, who get this type of loan can have? <br />s. Baumgartner: Yes, they go by the 221D3 limits. <br />Nimtz: So Robbie, you know better than I do when you get into <br />modelling a kitchen or a bathroom, you can drop $5,000 real easily. <br />s. Baumgartner: This house needs extensive electrical work, siding, <br />d a lot of basics. <br />Mr. W ggins moved for approval of all the 312 Loan Applicants, seconded by <br />Mr. Donaldson, and it was carried. <br />b. Commission approval requested for Change Order #1, Slatile Roofing and <br />Theet Metal Co., Inc.., CS #11, at 818 East Indiana Avenue, for an increase <br />i the contract price of $250.00 . <br />. Brownell read the Change Order and the letter in its entirety. <br />. Robinson: Is the rest of the house stuccoed? <br />Schaller: No, the rest of the house is sided. <br />an <br />