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South Bend <br />Regular Meg <br />1W <br />elopment Commission <br />- October 28, 1988 <br />(Cont. ) <br />item 6.d., a letter of support for the City's <br />applicz tion for Federal Enterprise Zone <br />desigmtion. There were no objections and <br />permission was granted. <br />a. <br />LecIn Townsend Townsend Const. <br />1818 Fassnacht <br />hern Oak Homes Northern Oak Homes <br />E. Fox <br />. Kolata noted for the record that <br />ri Townsend is an employee of the <br />sing Development Corporation. This is <br />a conflict of interest since the <br />sing Development Corporation is not <br />t of the Department of Economic <br />Kolata noted also that the financing <br />es are reversed on the agenda for <br />ern Oak Homes. The publicly <br />ced portion is $7,500 and the <br />tely financed portion is $7,600. <br />Mr. Piasecki asked if the Bureau of <br />Hou ring is familiar with the work of <br />Northern Oak Homes. Mr. Ieverman <br />responded that they are an Elkhart <br />y which has purchased several homes <br />in Guth Bend. He has driven past some <br />of eir projects and they look <br />sat'sfactorv. <br />Ups a motion by Ms. Auburn, seconded by <br />Mr. Donoho and unanimously carried, the <br />Commission approved the proposals and <br />loals listed above in connection with the <br />Ren Rehab Program. <br />-3- <br />$19,363 $ 8,500 (public) <br />$12,000 (private) <br />$14,160 $ 7,500 (public) <br />$ 7,600 (private) <br />COMMISSION APPROVED PROPOSALS <br />LOANS CONNECITON W= THE <br />RENTAL REHAB PROGRAM FOR <br />PROPERTIES AT 1818 FASSNACRT AND <br />305 E. FOX STREET <br />