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South Bend Redevelopment Commission <br />Regular Meeting - August 16, 1996 <br />6. NEW BUSINESS (Cont.) <br />h. continued.... <br />i. <br />.l• <br />Mrs. Kolata explained that the loan to <br />Adeline Cytacki is in the amount of $4,250 <br />at 0% interest for 9 years with monthly <br />payments of $39.35. The grant is $4,068.35. <br />Upon a motion by Mr. Hojnacki, seconded <br />by Mr. Donoho and unanimously carried, the <br />Commission approved the Loan and Grant in <br />connection with the Affordable Loan <br />Program for property located at 1817 Sibley <br />Ave. (Adeline Cytacki) <br />Commission approval requested for <br />Certificate of Waiver in connection with <br />the Rental Rehab Loan Program for <br />property located at 403 N. Studebaker. <br />(Ernest Jack Reed and Mary E. Reed) <br />Mrs. Kolata noted that this Certificate of <br />Waiver forgives $691.50 as of May 17, 1996 <br />for Ernest Jack Reed and Mary E. Reed. <br />She also noted that Mr. Reed works for the <br />City of South Bend. It has previously been <br />determined that Mr. Reed does not have a <br />conflict of interest. <br />Upon a motion by Mr. Hunt, seconded by <br />Mr. Hojnacki and unanimously carried, the <br />Commission approved the Certificate of <br />Waiver in connection with the Rental Rehab <br />Loan Program for property located at 403 N. <br />Studebaker. (Ernest Jack Reed and Mary E. <br />Reed) <br />Commission approval requested for <br />Certificate of Waiver in connection with <br />the Rental Rehab Loan Program for <br />property located at 528 N. Blaine. <br />-11- <br />COMMISSION APPROVED THE LOAN AND <br />GRANT IN CONNECTION WITH THE <br />AFFORDABLE LOAN PROGRAM FOR <br />PROPERTY LOCATED AT 1817 SIBLEY AVE. <br />(ADELINE CYTACKI) <br />COMMISSION APPROVED THE CERTIFICATE <br />OF WAIVER IN CONNECTION WITH THE <br />RENTAL REHAB LOAN PROGRAM FOR <br />PROPERTY LOCATED AT 403 N. STUDEBAKER <br />(ERNEST JACK REED AND MARY E. REED) <br />