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G South Bend Redevelopment Commission <br />Regular Meeting - April 15, 1994 <br />6. NEW BUSINESS (Cont.) <br />e. continued... <br />property located at 920 South Bend Avenue. <br />(Neighborhood Housing Services) <br />f. Commission approval requested for <br />Subordination Agreement with 1st Source <br />Bank for Loan in connection with the Rental <br />Rehab Program for property located at 922 <br />South Bend Avenue. (Neighborhood <br />Housing Services) <br />Upon a motion by Mr. Sharp, seconded by <br />Mr. Donoho and unanimously carried, the <br />Commission approved the Subordination <br />Agreement with 1st Source Bank for <br />property located at 922 South Bend Avenue. <br />(Neighborhood Housing Services) <br />g. Staff report on disposition of land in the <br />Airport Economic Development Area. <br />There was no staff report. <br />h. Commission approval requested for <br />Resolution No. 1244 approving an <br />Wplication for real property tax deduction <br />for property located at 1702 West <br />Washington Street in the West Washin on- <br />Chaoin Development Area. (Manufacturine <br />Technology, Inc.) <br />Mike Beitzinger gave the staff report on the <br />project. Manufacturing Technology, Inc. <br />(MTI) designs, builds and services friction <br />welding and production equipment as well as <br />provides engineering and design services. <br />Their project calls for the building of a <br />ILI -11- <br />COMMISSION APPROVED THE <br />SUBORDINATION AGREEMENT WITH 1ST <br />SOURCE BANK FOR PROPERTY LOCATED <br />AT 922 SOUTH BEND AVENUE. <br />(NEIGHBORHOOD HOUSING SERVICES) <br />THERE WAS NO STAFF REPORT <br />