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South Bend Redevelopment Commission <br />Regular Meeting - November 18, 1994 <br />6. NEW BUSINESS (Cont.) <br />C. continued... <br />amount of $4,400 at 0% interest for 48 <br />months. Payments are $91.66 per <br />month. <br />Upon a motion by Mr. Donoho, <br />seconded by Mr. Sharp and unanimously <br />carried, the Commission approved the <br />Loan in connection with the Roof Loan <br />Program for property located at 330 N. <br />Walnut Street. (Thomas & Verda <br />Campbell) <br />d. Commission approval requested for <br />Loan and Grant in connection with the <br />Affordable Loan Program for property <br />located at 1625 Sibley Avenue. <br />(Dorothy Hairston) <br />Mrs. Kolata noted that the Loan to <br />Dorothy Hairston is in the amount of <br />$4,700.00 at 3 % interest for 72 months. <br />Payments are $71.41 per month. The he <br />proposal includes a 40% grant of <br />$2,937.00 which is 40% of the project <br />cost. <br />Upon a motion by Mr. Sharp, seconded <br />by Mr. Donoho 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 1625 Sibley Avenue. (Dorothy <br />Hairston) <br />-7- <br />COMMISSION APPROVED THE LOAN IN <br />CONNECTION WITH THE ROOF LOAN <br />PROGRAM FOR PROPERTY LOCATED AT 330 <br />N. WALNUT STREET. (THOMAS & VERDA <br />CAMPBELL) <br />COMMISSION APPROVED THE LOAN AND <br />GRANT IN CONNECTION WITH THE <br />AFFORDABLE LOAN PROGRAM FOR <br />PROPERTY LOCATED AT 1625 SIBLEY <br />AVENUE. (DOROTHY HAIRSTON) <br />