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South Bend I Redevelopment Commission <br />Regular M ting - September 9, 1988 <br />6. NEW BUSINESS (Cont.) <br />a. continuea... <br />b. <br />the Bureau of Housing has applied <br />a waiver from the Department of <br />ing and Urban Development. <br />Ms Richmond noted that the loans for <br />1015 W. Colfax, 1204 W. Thomas, 1232 <br />W. Napier, and 812 W. Thomas have West <br />WaEhington grants in addition to the <br />loans. <br />Mr Piasecki expressed concern that <br />th after rehabilitation value of a <br />fe of the properties is expected to <br />be less than the loan for the <br />Upon a motion by Ms. Auburn, seconded <br />by Mr. Combs and unanimously carried, <br />the Commission approved the loans in <br />cozmection with the Section 312 Loan <br />PrOqrara in accordance with the <br />re6&mendation from the Bureau of <br />Ba#y Adams Barry Adams <br />128-130 S. Laurel <br />Mr. Leverman noted that this property <br />is located in the W. Washington <br />historic district and that Mr. Adams <br />is working closely with South Bend <br />HeTitage Foundation on this project. <br />� hearing that South Bend Heritage <br />involved in the project Mr. Nimtz <br />aced a conflict of interest and <br />ualified himself from the <br />ussion and voting and turned the <br />r over to Ms. Auburn. <br />-4- <br />CONMISSION APPROVED THE LOANS IN <br />CONNECTION WITH THE SECTION 312 <br />LOAN PROGRAM <br />$57,553.94 $17,000.00 (Public) <br />$42,200.00 (Private) <br />