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South Bend <br />Regular Me <br />4. CQ44JN <br />There i <br />5. OLD BUI <br />a. Coy <br />elopment Commission <br />- May 12, 1989 <br />no cc mlunications. <br />Mrs. Kolata noted that the Commission did <br />not take action at the April 28th meeting <br />on Jerome E. Michaels' proposal for <br />appraisal work in the West <br />W n- Chapin Development Area. Mr. <br />No is has renegotiated the cost of <br />ocamercial appraisals with Mr. Michaels <br />the staff now recommends that the <br />Commission accept the proposal from Mr. <br />Michaels for phase one for a cost of <br />$6 ,600.00 <br />Upon a motion by Ms. Auburn, seconded by <br />f,.., Mr. Combs and unanimously carried, the <br />CmTmission accepted the proposal of <br />Jerome E. Michaels in the amount of <br />$63,600 for appraisal work in the West <br />W n- Chapin Development Area. <br />10 <br />THERE WERE NO COMMUNICATIONS <br />OF JEROME E. MICHAELS IN THE <br />AMUM OF .10 FOR APPRAISAL <br />WORK IN THE WEST WAS=GTON- <br />Freidline John Freidline $96,876.00 $52,800 (private) <br />W. Washington $44,500 (public) <br />. Kolata explained that the Rental <br />ab loans are forgivable at a rate of <br />per year as long as the property is <br />t up to code and remains available for <br />t to law and moderate income <br />ilies. The $96,876.00 contains an 8% <br />tinctencv. <br />Mr. Piasecki asked for an explanation of <br />reloayment of the Rental Rehab loan. Ms. <br />