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South Bend Redevelopment Commission <br />Regular Meeting - November 1, 1996 <br />6. NEW BUSINESS (Cont.) <br />i. continued.... <br />Mrs. Kolata explained that the loan to <br />Diane Lee is in the amount of $8,900 at <br />0% interest for 15 years with monthly <br />payments of $49.44. The grant is in the <br />amount of $4,148.10. <br />Upon a motion by Mr. Donoho, seconded <br />by Mr. Faccenda and unanimously carried, <br />the Commission approved the Loan and <br />Grant in connection with the Affordable <br />Loan Program for property located at 514 <br />S. Falcon. (Diane Lee) <br />j. Commission Approval Requested For <br />Loan And Grant in Connection With <br />The Affordable Loan Program For <br />Property Located at 1025 S. <br />Twyckenham. (Thelma L. Muldrow) <br />Mrs. Kolata explained that the loan to <br />Thelma L. Muldrow is in the amount of <br />$5,750.00 at 0% interest for 10 years with <br />monthly payments of $47.92. The grant is <br />in the amount of $5,552.25. <br />Upon a motion by Mr. Faccenda, <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 1025 S. <br />Twyckenham. (Thelma L. Muldrow) <br />C -10- <br />COMMISSION APPROVED THE LOAN AND GRANT <br />IN CONNECTION WITH THE AFFORDABLE LOAN <br />PROGRAM FOR PROPERTY LOCATED AT 514 S. <br />FALCON (DIANE LEE) <br />COMMISSION APPROVED THE LOAN AND GRANT <br />IN CONNECTION WITH THE AFFORDABLE LOAN <br />PROGRAM FOR PROPERTY LOCATED AT 1025 S. <br />TWYCIENHAM (THELMA L. MULDROW) <br />