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RM 10-02-92
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RM 10-02-92
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South Bend Redevelopment Commission <br />Regular Meeting - October 2, 1992 <br />6. NEW BUSINESS (Cont.) <br />f. continued... <br />position. This Subordination Agreement <br />allows for that and provides for a <br />maximum of $40,000 first mortgage. <br />Upon a motion by Ms. Huddleston, seconded <br />by Mr. Donoho and unanimously carried, <br />the Commission approved the Subordination <br />Agreement with Society Bank for property <br />located at 115 E. South Street. <br />g. Commission approval requested for <br />Certificate of Waiver for Leo R. and <br />Cleora Kelsch for property located at 617 <br />N. Cushing in connection with the Rental <br />Rehab Program. <br />Mrs. Kolata noted that this Certificate <br />of Waiver forgives $533.20 for each of <br />two years ending August 15, 1991 and <br />August 15, 1992. <br />Upon a motion by Mr. Piasecki, seconded <br />by Mr. Donoho and unanimously carried, <br />the Commission approved the Certificate <br />of Waiver for Leo R. and Cleora Kelsch <br />for property located at 617 N. Cushing in <br />connection with the Rental Rehab Program, <br />forgiving $533.20 for each of two years <br />ending August 15, 1991 and August 15, <br />1992. <br />h. Commission approval requested for <br />Certificate of Waiver for James K., Penn <br />D., and Scott A. Hughes for property <br />located at 202 E. Bartlett in connection <br />with the Rental Rehab Program. <br />Mrs. Kolata noted that this Certificate <br />of Waiver forgives $945.40 for each of <br />three years ending July 24, 1990, 1991, <br />and 1992. <br />Upon a motion by Mr. Piasecki, seconded <br />by Mr. Donoho and unanimously carried, <br />the Commission approved the Certificate <br />of Waiver for James K., Penny D., and <br />Scott A. Hughes for property located at <br />-8- <br />COMMISSION APPROVED THE <br />SUBORDINATION AGREEMENT WITH <br />SOCIETY BANK FOR PROPERTY LOCATED <br />AT 115 E. SOUTH STREET <br />COMMISSION APPROVED THE <br />CERTIFICATE OF WAIVER FOR LEO R. <br />AND CLEORA KELSCH FOR PROPERTY <br />LOCATED AT 617 N. CUSHING IN <br />CONNECTION WITH THE RENTAL REHAB <br />PROGRAM, FORGIVING $533.20 FOR <br />EACH OF TWO YEARS ENDING AUGUST <br />15, 1991 AND AUGUST 15, 1992 <br />COMMISSION APPROVED THE <br />CERTIFICATE OF WAIVER FOR JAMES <br />K., PENNY D., AND SCOTT A. HUGHES <br />FOR PROPERTY LOCATED AT 202 E. <br />BARTLETT IN CONNECTION WITH THE <br />
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