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RM 01-10-92
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RM 01-10-92
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South Bend <br />Regular Mie <br />elopa1t Commission <br />- January 10, 1992 <br />6. NEW BUSINESS (Cont-) <br />M <br />e. <br />ssion's approval of any other <br />financing. ' The South Bend Heritage loan <br />will take fifth priority and be <br />subordinate to the Rental Rehab loan. <br />This Consent allows South Bend Heritage <br />to structure the financing on the <br />pro ect . <br />Upon a motion by Mr. Donoho, seconded by W&JISSION APPROVED THE CONSENT <br />Mr. Piasecki and unanimously carried, the TO SUBORDINMTE NOTE AND YDRIGAGE <br />Commission approved. the Consent to FOR THE HISTORIC DUNBAR CORNER <br />Subordinate Note and Mortgage for the PROJECT <br />Historic Dunbar Corner Project. <br />Mrs Kolata explained that the City <br />Engineering Department has perfon:ned <br />senrices for us, inspecting our projects <br />in the South Bend Central Develont <br />Arai in 1991. They have itemized their <br />time spent, by position, and billed us <br />for $10,252.73. This is an eligible <br />exp�nse from the TIF Fund. Engineering <br />has paid those costs and this is a <br />re' ement fran the TIF Fund to the <br />Cit 's General Fund. <br />Upo i a motion by Mr. Piasecki, seconded <br />by Mr. Doncho and unanimously carried, <br />the Commission approved Resolution No. <br />103 authorizing the reimbursement to the <br />Cit. of South Bend for expenditures made <br />wi the South Bend Central Development <br />-7- <br />COMV1ISSION APPROVED RESOLUTION <br />NO. 1035 AUTHORIZING THE <br />REIMBURSEMENT` TO THE CITY OF <br />SOUTH BEND FOR EXPENDI'TURE'S MADE <br />WITHIlV THE SOUTH BEND CENTRAL <br />DEVELOP1 W AREA <br />
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