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South Bend edevelopment Commission <br />Rescheduled Regular Meeting - September 11, 1987 <br />6. NEW BUSINESS (Cont.) <br />a. Con inued... <br />Dora E. Scott <br />614 E. Indiana <br />Barbara Brown <br />537 N. Cleveland <br />ErnE st Kimbrough <br />1325 Campeau <br />Ms, Baumgartner explained that the loan <br />estimates are based on the cost <br />estinates. Because of the rush to <br />complete the applications by the HUD <br />deadline, no bids were obtained yet. The <br />homeowners will absorb the additional <br />cost if necessary so that the projects <br />can be completed. <br />Upon a motion by Ms. Auburn, seconded by <br />Mr. Piasecki and unanimously carried, the <br />Commission approved the loans in <br />connection with the Section 312 Loan <br />Program in accordance with the <br />recommendation from the Bureau of <br />b. ConmLssion <br />and 'Loans <br />Rehabilita <br />the recomm <br />Name <br />proval requested for bids <br />connection with the Rental <br />n Program in accordance with <br />Bureau of <br />Contractor <br />Neighborhood Housing Services NHS <br />904-9041 2 Corby Blvd. <br />Neighborhood Housing Services NHS <br />906-908 Corby Blvd. <br />Mrs. Kolata noted that there was a wrong <br />number on the agenda for the proposal <br />amount on the 904 -9042 Corby property. <br />The orrect amount is $35,876.00. <br />Loan <br />$14,800.00 <br />$27,600.00 <br />$15,100.00 <br />COMMISSION APPROVED THE LOANS IN <br />CONNECTION WITH THE SECTION 312 <br />LOAN PROGRAM <br />Loan <br />$35,876.00 $17,400 <br />(Public) <br />19,740 <br />(Private) <br />$38,851.00 $17,400 <br />(Public) <br />22,800 <br />(Private) <br />