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South Bend edevelopment Commission <br />Regular Sch duled Meeting - May 27, 1988 <br />6. NEW BUSINESS (Cont.) <br />a. Uonitinuea... <br />C. l4ichael Howard <br />1151 Garfield Court <br />Deb a A. Redding <br />3719 Bellevista St. <br />Mrs Kolata noted that the award of bid <br />for work at 115 Garfield Court was made <br />to the second lowest bidder because the <br />lowest bid was more than 15% below the <br />Bureau of Housing estimate. This <br />pro Mqton-Chapin ty is located in the West <br />Was Redevelopment Area. <br />She also noted that the loan on the 3719 <br />Bel evista St. property is for both the <br />construction and refinancing of the land <br />con ract. <br />Upon a motion by Mr. Donoho, seconded by <br />Ms. Auburn and unanimously carried, the <br />ComrLission approved the Section 312 Loans <br />listed above. <br />b. Comaission adoption requested of <br />Resolution No. 845 amending Resolution <br />No. 812 regarding reimbursement to the <br />City of South Bend for expenditures made <br />within the Rum Village Industrial Park. <br />Mrs Kolata noted that Resolution <br />No. 812, passed on September 25, 1987, <br />autliorized reimbursement to the City in <br />the amount of $15,080.58 for purchase of <br />the right -of -way for a road adjacent to <br />the Mastic Corporation property. The <br />actual amount of land purchased was <br />reduced during negotiation and the price <br />was reduced accordingly. The actual price <br />was $14,919.00 and this resolution makes <br />the resolution agree with what actually <br />was reimbursed. <br />Upo a motion by Ms. Auburn, seconded by <br />Mr. Piasecki and unanimously carried, the <br />Co ssion adopted Resolution No. 845. <br />mcla <br />Loan Amount <br />$18,600.00 <br />$27,950.00 <br />COMMISSION APPROVED THE LOANS <br />IN CONNECTION WITH THE SECTION 312 <br />LOAN PROGRAM <br />COMMISSION ADOPTED RESOLUTION <br />NO. 845 <br />