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South Bend Redevelopment Commission <br />Regular Meeting - November 4, 1994 <br />6. NEW BUSINESS (Cont.) <br />Mrs. Kolata asked permission to consider item <br />6.j. at this time. There was no objection and item <br />6J. . was moved up on the agenda. <br />j. Commission approval requested for <br />Resolution No. 1296 related to acquisition <br />of property by eminent domain. <br />Mrs. Kolata noted that Resolution No. 1296 <br />authorizes the staff to send purchase offers <br />on eleven pieces of property listed in <br />Resolution No . 1294. It doesn't include all <br />of those properties because we haven't <br />received appraisals on all of them. Mrs. <br />Kolata noted that the resolution also <br />provides that if we can't reach agreement on <br />price, the staff can proceed with <br />condemnation to acquire the property. <br />Upon a motion by Mr. Faccenda, seconded <br />by Mr. Donoho and unanimously carried, <br />the Commission approved Resolution No. <br />1296 related to acquisition of property by <br />eminent domain. <br />e. Commission approval requested for Loan <br />in connection with the Affordable Loan <br />Program for property located at 1030 <br />Ridgedale. (Wilda Ripper) <br />Mrs. Kolata noted that the Commission <br />needs to approve both a loan and a grant for <br />Wilda Ripper. The amount of the loan is <br />$3,150 for five years at 0 % interest with <br />monthly payments of $52.50. The grant is <br />$2,865.50, one half of the construction cost. <br />-13- <br />COMMISSION APPROVED RESOLUTION NO. <br />1296 RELATED TO ACQUISITION OF <br />PROPERTY BY EMINENT DOMAIN <br />