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South Bend Redevelopment Commission <br />Regular Meeting - July 3, 1996 <br />6. NEW BUSINESS (Cont.) <br />j. continued.... <br />Mrs. Kolata noted that Timothy E. <br />Mathias has met all of the requirements of <br />the rental rehab program over the last ten <br />years. The Redevelopment Commission <br />has forgiven 10 % of the loan for each of <br />the ten years and this Satisfaction of <br />Obligation and Release of Mortgage <br />releases Timothy E. Mathias of all <br />obligations required by the Redevelopment <br />Commission. <br />Ms. Auburn asked a question regarding <br />inspections being done before there is a <br />Satisfaction of Obligations and Release of <br />Mortgage. <br />Mrs. Kolata explained that the property <br />has to be inspected and up to code and the <br />property owner has to pay property taxes. <br />Also, they have to provide information <br />regarding the income of their tenants. <br />Upon a motion by Mr. Donoho, seconded <br />by Mr. Hojnacki and unanimously carried, <br />the Commission approved the Satisfaction <br />of Obligations and Release of Mortgage <br />for property located at 1010 W. <br />Washington. <br />k. Commission approval requested for <br />Satisfaction of Debt for property located <br />at 1010 West Washington. (Timothy E. <br />Mathias) <br />Upon a motion by Mr. Hunt, seconded by <br />Mr. Donoho and unanimously carried, the <br />Commission approved the Satisfaction of <br />-17- <br />COMMISSION APPROVED THE <br />SATISFACTION OF OBLIGATIONS AND <br />RELEASE OF MORTGAGE FOR PROPERTY <br />LOCATED AT 1010 WEST WASHINGTON <br />(TIMOTHY E. MATHIAS) <br />COMMISSION APPROVED THE <br />SATISFACTION OF DEBT FOR PROPERTY <br />LOCATED AT 1010 WEST WASHINGTON <br />(TIMOTHY E. MATHIAS) <br />