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South Bend <br />Regular Me <br />6. NEW BUS <br />b. <br />Redevelopment Commission <br />ting - October 10, 1986 <br />NESS (Cont.) <br />and lloans <br />proval requested for p <br />connection with the Af <br />in accordance with the <br />n from the Bureau of H <br />is <br />NaME <br />Contractor <br />Proposal <br />Loan <br />Maurine <br />Allen <br />B &C Construction <br />$16,990.00 <br />$ 8,800.00 <br />504 <br />E. Dubail <br />Bobbie <br />J. Woods <br />Townsend Construction <br />$24,567.00 <br />$12,800.00 <br />220 <br />S. Franklin <br />Jah <br />gh Pearl Barbee <br />B &C Construction <br />$ 9,095.00 <br />$ 4,800.00 <br />1017 <br />W. Oak <br />Geo <br />giana Wescott <br />Plaia Construction <br />$19,458.00 <br />$10,050.00 <br />1083 <br />Woodward <br />Herbert <br />L. Johnson <br />Townsend Construction <br />$13,573.00 <br />$10,600.00 <br />614 (Euclid <br />Upon a motion by Mr. Combs, seconded by Mr. <br />Piasecki and unanimously carried, the <br />Conuission approved proposals and loans in <br />connection with the Affordable Loan Program as <br />listed above. <br />d. C ssion approval requested for Resolution <br />No. 88 approving an application for real <br />pro rty tax deduction for Mastic Division of <br />Kous n, Inc. <br />Mr. Szarwark explained Kousan, Inc.'s decision <br />to retain Mastic Division's location in South <br />Bend and to expand their facilities. They <br />plan to spend $1.7 million on real property <br />impr vements and $1.6 million on personal <br />property improvements, creating 60 new jobs <br />with an annual payroll increase of $1.2 <br />million and retaining 234 existing jobs with <br />an a ual payroll of $5.7 million. The <br />expapsion will include a 125,000 s.f. <br />expahsion to the existing <br />-4- <br />COMMISSION APPROVED PROPOSALS <br />AND LOANS IN CONNECTION WITH <br />THE AFFORDABLE LOAN PROGRAM <br />