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[+J <br />South Bend Redevelopment Commission <br />Regular Meeting - April 19, 1996 <br />6. NEW BUSINESS (Cont.) <br />j. continued... <br />Mrs. Kolata noted that the Loan with Denisa <br />Lynk is in the amount of $5,500.00 at 0% <br />interest for 7 years with monthly payments of <br />$65.48. The grant is $5,313.00. <br />Upon a motion by Mr. Donoho, seconded by <br />Mr. Hunt and unanimously carried, the <br />Commission approved the Loan and Grant in <br />connection with the Affordable Loan Program <br />for property located at 813 S. Meade. ( Denisa <br />Lynk) <br />k. Commission approval requested for <br />Certificate of Waiver for property located <br />at 826 Diamond. (Alfonso Cardenas) <br />Mrs. Kolata explained that, under the <br />provisions of the Rental Rehab Loan Program, <br />10% of the loan is to be forgiven each year if <br />the conditions of the program are met. This <br />Certificate of Waiver forgives $750 as of <br />February 15, 1996. <br />Upon a motion by Mr. Faccenda, seconded by <br />Mr. Donoho and unanimously carried, the <br />Commission approved the Certificate of Waiver <br />in the amount of $750 as of February 15, 1996 <br />for property located at 826 Diamond. (Alfonso <br />Cardenas) <br />1. Commission approval requested for <br />Certificate of Waiver for property located <br />at 1003 Sherman Ave. (Thomas B. and <br />Michelle Brademas) <br />-13- <br />COMMISSION APPROVED THE LOAN AND <br />GRANT IN CONNECTION WITH THE <br />AFFORDABLE LOAN PROGRAM FOR PROPERTY <br />LOCATED AT 813 S. MEADE. (DENISA LYNK) <br />COMMISSION APPROVED THE CERTIFICATE OF <br />WAIVER IN THE AMOUNT OF $750 AS OF <br />FEBRUARY 15,1996 FOR PROPERTY LOCATED <br />AT 826 DIAMOND. (ALFONSO CARDENAS) <br />