RM 05-18-79 - Laserfiche WebLink

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South $end Redevelopment Commission Regula#c Meeting - May 18, 1:979 6. Nh* BUSINESS (continued) e. continued.... Mr. Cira made a motion to reject bids received on the Northwest Contract Set #08, on the general construction and electrical contract awards, and to have the contract readvertised for bids, seconded by Mr. Donaldson, and the motion was unanimously carried. f. Commission a roval requested for a 312 loan a li- 312 LOAN cation for the following: APPLICATION APPROVED FOR Name Amount Loan No. MR. T. BROOKS BRADEMAS Mr. T. Brooks Brademas $80,000 18 /7MC- 0011/54/1 100 Center P.O. Box 806 Mishawaka, IN. 46544 for......... 711 W. Washington Street South Bend, Indiana 46625 . T. Brooks Brademas: Mr. Chairman, and members of the Commission, my concern for the recycling of older buildings for historic preser- vation and restoration is very well documented by the efforts we have de in the 100 Center in Mishawaka. I think we have an opportunity h re, and I have had a chance to talk briefly with Mr. Ellison, . Thomas of the Housing Authority, Mrs. Baumgartner of Bureau of Housing, and with some of the federal officials about the possibili- ties of this project being a proto -type. It does have the added ccmplication of a move. A move, of course, has some problems with t e timing of it. In talking with Mr. Pat McMahon, he indicated t at the actual steps that the City would have to take would not be accomplished until the 29th of May, and that they would like to have the house off that lot by the 15th of June. Within this period of time, the foundation would have been completed on the other lot, and the house would be picked up and moved out of the way. I am giving you this background so that you may understand that a lot of things lieve to fall into place if this project is to work. In terms of the r habilitation of the building itself, to bring it up to the minimum property standards, and to redo the kind of job that this Commission d Southhold expects because of its location in the historic preser- vation area, it is going to be a relatively expensive proposition. The whole emphasis of the rehabilitation loan program is to attempt to provide housing for low and moderate income families. In terms of the rent schedule, we are talking about rents that would be in the neighborhood of $285.00 - $340.00 monthly. They are not what you call "low rents ", but they are within the framework of the Section 8 p ogram. The concept is essentially this - - -to acquire the house from the City for $1.00 and other kinds of consideration, locating it a iacent to the Frank -Lloyd Wright house, on the West Washington Street. 0