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IL <br />South Bend Redevelopment Commission <br />Regular Meeting - May 5, 1995 <br />6. NEW BUSINESS (Cont.) <br />i. continued... <br />Mrs. Kolata explained that the loan to <br />Johnnie Mae Brooks is in the amount of <br />$3,750 at 0% interest for 6 years with <br />monthly payments of $52.08. The grant <br />is in the amount of $3,599.75. The staff <br />recommends approval of the loan and <br />grant. <br />Upon a motion by Mr. Hunt, seconded <br />by Mr. Hojnacki 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 521 N. Studebaker. (Johnnie <br />Mae Brooks) <br />j. Commission approval requested for <br />Loan and Grant in connection with the <br />Affordable Loan Program for property <br />located at 730 N. Notre Dame (Ave. <br />(Patricia Adair) <br />Mrs. Kolata noted that the loan to <br />Patricia Adair is in the amount of <br />$1,950.00 at 0% interest for seven <br />years. Monthly payments are $23.21. <br />The grant is in the amount of $665.50. <br />Upon a motion by Mr. Hojnacki, <br />seconded by Mr. Hunt 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 730 N. Notre Dame Ave. <br />(Patricia Adair) <br />-12- <br />COMMISSION APPROVED THE LOAN AND <br />GRANT IN CONNECTION WITH THE <br />AFFORDABLE LOAN PROGRAM FOR <br />PROPERTY LOCATED AT 521 N. <br />STUDEBAKER. (JOHNNIE MAE BROOKS) <br />COMMISSION APPROVED THE LOAN AND <br />GRANT IN CONNECTION WITH THE <br />AFFORDABLE LOAN PROGRAM FOR <br />PROPERTY LOCATED AT 730 N. NOIRE <br />DAME AVE. (PATRICIA ADAIR) <br />