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AWN South Bend Redevelopment Commission <br />Regular Meeting - December 16, 1994 <br />6. NEW BUSINESS (Cont.) <br />f. continued... <br />Mrs. Kolata noted that the Loan to <br />Lorene Chenoweth is in the amount of <br />$2,650 at 0% for 12 years. Monthly <br />payments are $18.40. The grant is in <br />the amount of $2,450.25. <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 1330 E. <br />Indiana. (Lorene Chenoweth) <br />g. Commission approval requested for <br />Loan and Grant in connection with the <br />Affordable Loan Program for property <br />located at 121 S. Iowa. (Katie Lloyd) <br />Mrs. Kolata noted that the loan to Katie <br />Lloyd is in the amount of $4,300 at 0% <br />interest for 10 years. Monthly payments <br />are $35.83. The grant is in the amount <br />of $4,086.50. <br />Upon a motion by Mr. Donoho, <br />seconded by Mr. Faccenda 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 121 S. <br />Iowa. (Katie Lloyd) <br />-17- <br />COMMISSION APPROVED THE LOAN AND <br />GRANT IN CONNECTION WITH THE <br />AFFORDABLE LOAN PROGRAM FOR <br />PROPERTY LOCATED AT 1330 E. INDIANA <br />(LORENE CHENOWETH) <br />COMMISSION APPROVED THE LOAN AND <br />GRANT IN CONNECTION WITH THE <br />AFFORDABLE LOAN PROGRAM FOR <br />PROPERTY LOCATED AT 121 S. IOWA <br />(KATIE LLOYD) <br />