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RM 12-16-94
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RM 12-16-94
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South Bend Redevelopment Commission <br />Regular Meeting - December 16, 1994 <br />6. NEW BUSINESS (Cont.) <br />h. Commission approval requested for <br />Loan and Grant in connection with the <br />Affordable Loan Program for property <br />located at 5210 Rowantree Place. <br />(Pauline Szymczak) <br />Mrs. Kolata noted that the loan to <br />Pauline Szymczak is in the amount of <br />$1,500 at 0% interest for 10 years. <br />Monthly payments are $12.50. The <br />grant is in the amount of $1,324.25. <br />Upon a motion by Mr. Donoho, <br />seconded by Mr. Sharp and unanimously <br />carried, the Commission approved the <br />Loan and Grant in connection with the <br />Affordable Loan Program for property <br />located at 5210 Rowantree Place. <br />(Pauline Szymczak) <br />i. Receipt of Bids for Disposition Parcels <br />No. 17, 25, 31A, and 31B in the <br />Sample -Ewing Development Area. <br />Mrs. Kolata noted that one bid has been <br />received for Parcel 17 which is on the <br />comer of Lafayette and Stull Streets. <br />The bid is from Suite Realty, an Indiana <br />Partnership, 525 S. Taylor Street. The <br />bid is in the amount of $1,700. The <br />minimum offering price was $3,400. <br />The bid includes a $200 performance <br />guarantee. Mrs. Kolata recommended <br />referring the proposal to the staff for <br />review and recommendation at the next <br />Commission meeting. <br />COMMISSION APPROVED THE LOAN AND <br />GRANT IN CONNECTION WITH THE <br />AFFORDABLE LOAN PROGRAM FOR <br />PROPERTY LOCATED AT 5210 ROWANTREE <br />PLACE (PAULINE SZYMCZAK) <br />COMMISSION REFERRED PROPOSAL FROM <br />SUITE REALTY, AN INDIANA PARTNERSHIP, <br />TO THE STAFF FOR REVIEW AND <br />RECOMMENDATION <br />
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