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Aft South Bend Redevelopment Commission <br />Regular Meeting - December 16, 1994 <br />6. NEW BUSINESS (Cont.) <br />C. continued... <br />Upon a motion by Mr. Donoho, <br />seconded by Mr. Piasecla and <br />unanimously carried the Commission <br />approved Resolution No. 1303 approving <br />an application for ten years of real <br />property tax deduction for property <br />bounded by Fellows, Wenger, Rush and <br />Pennsylvania Streets in the Sample - <br />Ewing Development Area. (Heritage <br />Homes Southeast LP) <br />e. Commission approval requested for <br />Loan and Grant in connection with the <br />Affordable Loan Program for property <br />located at 514 South Falcon. (Diane <br />Lee) <br />Mrs. Kolata noted that the loan to Diane <br />Lee is in the amount of $5,000 at 0% <br />interest for 12 years. Monthly payments <br />are $36.11. The grant is in the amount <br />of $4,941.75. <br />Upon a motion by Mr. Faccenda, <br />seconded by Mr. Donoho and <br />unanimously carried, the Commission <br />approved the Loan and Grant in <br />connection with the Affordable Loan <br />Program for property located at 514 <br />South Falcon. (Diane Lee) <br />L Commission approval requested for <br />Loan and Grant in connection with the <br />Affordable Loan Program for property <br />located at 1330 E. Indiana. (Lorene <br />Chenoweth) <br />-16- <br />COMMISSION APPROVED RESOLUTION <br />NO. 1303 APPROVING AN APPLICATION FOR <br />TEN YEARS OF REAL PROPERTY TAX <br />DEDUCTION FOR PROPERTY BOUNDED BY <br />FELLOWS, WENGER, RUSH AND <br />PENNSYLVANIA STREETS IN THE SAMPLE - <br />EWING DEVELOPMENT AREA (HERITAGE <br />HOMES SOUTHEAST LP) <br />COMMISSION APPROVED THE LOAN AND <br />GRANT IN CONNECTION WITH THE <br />AFFORDABLE LOAN PROGRAM FOR <br />PROPERTY LOCATED AT 514 SOUTH <br />FALCON (DIANE LEE) <br />