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South Bend e <br />Regular Mee i <br />6. NEW <br />C. <br />elopment Commission <br />- June 20, 1980 <br />Mr. Butler: Was the Jame Graham application <br />prelviously approved? <br />Mrs. Baumgartner: Yes it was; at our last <br />mee ing. The loan was a homestead. <br />Mr. Robinson made a motion to approve a <br />312 loan to Jessie Richardson of 1029 <br />Bur-is Avenue in the amount of $16,050.00; <br />to Carlis & Priscilla Phillips of 1106 <br />W. ashington Street, in the amount of <br />$19 450.00, and to Jack & Debra Sherwood <br />of 33 Cleveland in the amount of <br />$15 650.00, seconded by Mr. Donaldson, <br />and the motion was unanimously <br />f._Cot nission a roval requested for <br />Res luti.on 617, approving fair <br />reu e value 'o lan an a rovin <br />the reviewing a raiser's report <br />in e urban area in <br />Pro ect Ind. R -66 ( Disposition <br />Mrs Kolata: This particular resolution <br />would recognize the appraisals that <br />have been done on Disposition Parcel <br />#8_9, which is south of the Baer's <br />building and the review appraisal <br />done by Nicholas C. Jannotta, which <br />declares the value to be $2.40 per sq. ft., <br />the approximate square footage is 5,795 <br />ft. making the value of the land for <br />reu e $13,900. The staff would like <br />the Commission to adopt this resolution <br />declaring that value, and then direct <br />the staff to proclaim that value and <br />put the land up for public offering. <br />We have had indications of interest <br />in this particular parcel and we would <br />like to follow the procedures to see <br />if indeed we are in a position to dispose <br />of this parcel. I might mention that we <br />have had a lease on this particular <br />parcel with the Board of Public Works <br />and yesterday the staff sent them a <br />letter that it was our intention to <br />cancel their lease effective August lst <br />of this year. Our lease terms were to <br />giv a 30 -day notice. <br />-11- <br />COMMISSION APPROVAL <br />GIVEN TO APPLICANTS <br />FOR 312 LOANS <br />