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RM 05-17-96
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RM 05-17-96
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South Bend Redevelopment Commission <br />Meeting - May 17, 1996 <br />6. NEW BUSINESS (Cont.) <br />Mr. Hunt permission asked to add item 6.m. <br />There was no objection and item 6.m. was <br />added to the agenda. <br />m. Commission approval requested for <br />Assignment in connection with the <br />Rental Rehab Loan Program for <br />property located at 717 N. Blaine. <br />Upon a motion by Mr. Robert Hunt, <br />seconded by Mr. Donoho and <br />unanimously carried, the Commission <br />approved the Assignment in connection <br />with the Rental Rehab Loan Program for <br />property located at 717 N. Blaine. <br />s. Commission approval requested for an <br />additional Loan and Grant request in <br />connection with the Affordable Loan <br />Program for property located at 1043 <br />Portage. <br />Mr. Hunt noted that the Commission <br />approved a Loan and Grant on <br />Novemeber 17, 1995 for 1043 Portage. <br />As the project proceded, there were <br />additional repairs necessary. The <br />standard contingency didn't cover them, <br />so an additional amount is needed. We <br />are requiring that the Commission <br />approve an additional loan of $88.00 and <br />an additional grant of $62.22 for the <br />property located at 1043 Portage. <br />-19- <br />COMMISSION APPROVED THE <br />ASSIGNMENT IN CONNECTION WITH THE <br />RENTAL REHAB LOAN PROGRAM FOR <br />PROPERTY LOCATED AT 717 N. BLAINE <br />
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