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South Bend Redevelopment Commission <br />' Regular Meeting - September 2, 1994 <br />6. NEW BUSINESS (Cont.) <br />c. continued... <br />of the abatement will be approximately <br />$24,649 over the three year period. <br />Mr. Peddycord noted that the buildings in <br />the old portion of the Toll Road Industrial <br />Park are over twenty years old and are <br />beginning to need renovation. Miles' <br />facility was one of the earlier ones in this <br />portion of the industrial park. <br />Upon a motion by Mr. Faccenda, seconded <br />by Mr. Sharp and unanimously carried, the <br />Commission approved Resolution No. 1288 <br />approving an application for real property <br />tax deduction for property located at 2525 <br />N. Foundation Drive in the Airport <br />Economic Development Area. <br />d. Commission approval requested for Loan <br />in connection with the Roof Loan <br />Program for property located at 609 E. <br />Cedar Street. (Eva M. Grimes) <br />Mrs. Kolata noted that the loan to Eva <br />Grimes is in the amount of $4,350 at 0% for <br />10 years. Monthly payments will be <br />$36.25. <br />Upon a motion by Mr. Faccenda, seconded <br />by Mr. Donoho and unanimously carried, <br />the Commission approved the Loan in <br />connection with the Roof Loan Program for <br />property located at 609 E. Cedar Street (Eva <br />M. Grimes) <br />-16- <br />COMMISSION APPROVED RESOLUTION <br />NO. 1288 APPROVING AN APPLICATION FOR <br />REAL PROPERTY TAX DEDUCTION FOR <br />PROPERTY LOCATED AT 2525 N. <br />FOUNDATION DRIVE IN THE AIRPORT <br />ECONOMIC DEVELOPMENT AREA <br />COMMISSION APPROVED THE LOAN IN <br />CONNECTION WITH THE ROOF LOAN <br />PROGRAM FOR PROPERTY LOCATED AT 609 <br />E. CEDAR STREET (EVA M. GRIMES) <br />