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South Bend edevelopment Commission <br />Regular Mee ing - July 27, 1990 <br />6. NEW BUSINESS (Cont.) <br />a. conzinuea... <br />0 <br />C. <br />� and we will look at them for <br />acquisition. <br />Upon a motion made by Mr. Donoho, COMMISSION APPROVED SUBSTITUTE <br />nded by Mr. Piasecki and unanimously RESOLUTION NO. 944 AMENDING THE <br />carried, the Commission approved SOUTH BEND COAL. DEVELOPMENT <br />Substitute Resolution No. 944 amending AREA DEVELOPMENT PLAN <br />the South Bend Central Development Area <br />Dev orment Plan. <br />H ing Development HDC <br />Corporation <br />743 N. Blaine Ave. <br />*includes $2,107 conting <br />$20,850.00* $ 7,500.00 (Public) <br />$13,350.00 (CDBG) <br />Mrs Kolata noted that the Rental Rehab <br />lowi is a 10 year loan. It will be <br />forgiven at the rate of 10% per year if <br />the owner makes the rentals available to <br />low and moderate income renters, keeps <br />the property up to code and maintains <br />insurance on the property. <br />Mr. Piasecki declared a conflict of <br />in est on this item because of his <br />position on the Board of Directors of the <br />Housing Development Corporation. <br />Upon a motion made by Mr. Donoho, <br />seconded by Mr. Combs and unanimously <br />can-ied, the Commission approved the <br />prorosal and loan in connection with the <br />Rental Rehab Program for property located <br />at 43 N. Blaine Ave. Mr. Piasecki <br />• 1 1 • "• X11 1 "• •• <br />• .911 � _� � \� � <br />0 <br />