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RM 09-06-96
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RM 09-06-96
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South Bend Redevelopment Commission <br />Regular Meeting - September 6, 1996 <br />6. NEW BUSINESS (Cont.) <br />s. continued.... <br />Afforadable Loan Program for <br />property located at 918 Amhurst. <br />(Zacarias Santos) <br />Mrs. Kolata noted that the loan to <br />Zacarias Santos is in the amount of <br />$3,500 at 3% interest for 9 months with <br />monthly payments of $37.02. The grant is <br />in the amount of $2,178. <br />Upon a motion by Mr. Hojnacki, <br />seconded by Mr. Donoho and <br />unanimously carried, the Commission <br />approved the Loan and Grant in <br />connection with the Affordable Loan <br />Program for property located at 918 <br />Amhurst. (Zacarias Santos) <br />t. Commission approval requested for <br />Loan and Grant in connection with the <br />Affordable Loan Program for property <br />located at 510 W. Navarre. <br />Mrs. Kolata explained that the loan to <br />Carol Ann Anderson is in the amount of <br />$6,700.00 at 0% interest for 10 years with <br />monthly payments of $55.83. The grant is <br />in the amount of $6,512.00 <br />COMMISSION APPROVED THE LOAN AND GRANT <br />IN CONNECTION WITH THE AFFORDABLE LOAN <br />PROGRAM FOR PROPERTY LOCATED AT 918 <br />AMHURST (ZACARIAS SANTOS) <br />Upon a motion by Mr. Hunt, seconded by COMMISSION APPROVED THE LOAN AND GRANT <br />Mr. Donoho and unanimously carried, the IN CONNECTION WITH THE AFFORDABLE LOAN <br />Commission approved the Loan and PROGRAM FOR PROPERTY LOCATED AT 510 W. <br />Grant in connection with the Afforadable NAVARRE (CAROL ANN ANDERSON) <br />Loan Program for property located at 510 <br />W. Navarre. (Carol Ann Anderson) <br />-25- <br />
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