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South Bend I <br />Regular Meei <br />6. NEW BUS= <br />i . Coni <br />elopment Commission <br />- June 14, 1985 <br />(Cont.) <br />Contractor <br />Ch4les Roberts Hanks Enterprise <br />518 E. Milton <br />Boru4e Rae Martsolf Hanks Enterprise <br />927 E. Sorin <br />Ida G. Mitcham K.C. Construction <br />728 W. Wayne <br />Judv Purnell Jurtin Const. Co. <br />708 W. Wayne Street <br />Mr. Piasecki asked how the land contract for <br />Boniie Rae Mortsolf, 927 E. Sorin, relates to <br />this program. <br />Ms. Richmond stated that Ms. Martsolf will <br />onl17 be signing a promissory note. The <br />Bureau's first choice is to. direct the <br />applicant to refinance land contracts. Ms. <br />Riclmiond wasn't sure if this particular <br />app icant was asked to refinance the land <br />con ract, but she will look into seeing if Ms. <br />Martsolf was asked to refinance. <br />The Commission's decision was not to approve <br />the Affordable Loan for Bonnie Rae Martsolf, <br />927 E. Sorin, until after the Bureau staff <br />re rted back to the Commission the status of <br />possible refinancing of her land contract. <br />Upon a motion made by Mr. Piasecki, seconded <br />by Mr. Donoho and unanimously carried, the <br />Comnission approved proposals and loans in <br />connection with the Affordable Loan Program as <br />listed above with the exception of Bonnie Rae <br />Martsolf, 927 E. Sorin. <br />j. Comnission approval requested for proposals <br />and loans in connection with the Section 312 <br />Loah.Program in accordance with the <br />recommendation from the Bureau of Housing. <br />Nam Contractor <br />Ma Miles Jurtin Construction Co. <br />118 S. Illinois <br />-23- <br />$20,717.00 <br />$14,560.00 <br />$17,179.00 <br />$25,685.00 <br />Loan <br />$10,800.00 <br />$11,400.00 <br />$13,450.00 <br />$13,350.00 <br />COMMISSION APPROVED PROPOSALS <br />AND LOANS IN CONNECTION WITH <br />THE AFFORDABLE LOAN PROGRAM <br />AS LISTED ABOVE WITH THE <br />EXCEPTION OF BONNIE RAE <br />MARTSOLF, 927 E. SORIN <br />$10,355.00 $10,950.00 <br />