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South Bend Redevelopment Commission <br />Regular Meeting - October 21, 1994 <br />6. NEW BUSINESS (Cont.) <br />a. Commission approval requested for Loan <br />in connection with the Roof Loan <br />Program for property located at 3420 E. <br />Corby Boulevard. (Phyllis Lax) <br />Mrs. Kolata noted that the Loan to Phyllis <br />Lax is in the amount of $1,300. The terms <br />of the loan are 0% interest for 5 years with <br />monthly payments of $21.66. <br />Upon a motion by Mr. Faccenda, seconded <br />by Mr. Sharp and unanimously carried, the <br />Commission approved the Loan in <br />connection with the Roof Loan Program for <br />property located at 3420 E. Corby <br />Boulevard. (Phyllis Lax) <br />b. Commission approval requested for Loan <br />in connection with the Roof Loan <br />Program for property located at 2205 <br />Morris Street. (Gazella J. Simmons) <br />Mrs. Kolata noted that the Loan to Gazella <br />J. Simmons is in the amount of $5,150.00. <br />The terms are 0% interest for 10 years with <br />monthly payments of $42.01. <br />Upon a motion by Mr. Faccenda, seconded <br />by Mr. Donoho and unanimously carried, <br />the Commission approved the Loan in <br />connection with the Roof Loan Program for <br />property located at 2205 Morris Street <br />(Gazella J. Simmons) <br />C. Commission approval requested for Loan <br />in connection with the West Washington <br />Loan Program for property located at 314 <br />Laporte Avenue. (Ardenia F. Rodgers) <br />-13- <br />COMMISSION APPROVED THE LOAN IN <br />CONNECTION WITH THE ROOF LOAN <br />PROGRAM FOR PROPERTY LOCATED AT <br />3420 E. CORBY BOULEVARD. (PHYLLIS LAX) <br />COMMISSION APPROVED THE LOAN IN <br />CONNECTION WITH THE ROOF LOAN <br />PROGRAM FOR PROPERTY LOCATED AT <br />2205 MORRIS STREET (GAZELLA J. <br />SIMMONS) <br />