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South Bend Redevelopment Commission <br />Regular Meeting - March 6, 1998 <br />6. NEW BUSINESS (CONT.) <br />t. Commission approval requested for Loan <br />and Grant in connection with the <br />Affordable Loan Program for property <br />located at 2106 W. Indiana. (Shuntae L. <br />Williams) <br />Mrs. Kolata stated that the loan to Shuntae <br />L. Williams is in the amount of $3,550 at <br />4% for 10 years with monthly payments of <br />$40.63. The grant is in the amount of <br />$2,244. <br />Upon a motion by Mr. Donoho, seconded by <br />Ms. Schwartz and unanimously carried, the <br />Commission approved the Loan and Grant <br />in connection with the Affordable Loan <br />Program for property located at 2106 W. <br />Indiana. (Shuntae L. Williams) <br />u. Commission approval requested for Loan <br />and Grant connection with the Affordable <br />Loan Program for property located at 229 <br />E. Dubail. (Marsha A. Reaves) <br />Mrs. Kolata stated that the loan to Marsha <br />A. Reaves is in the amount of $11,100 at 2% <br />interest for 20 years with monthly payments <br />of $58.49. There is no grant associated with <br />this loan. <br />Upon a motion by Mr. Donoho, seconded by <br />Ms. Schwartz and unanimously carried, the <br />Commission approved the Loan in <br />connection with the Affordable Loan <br />Program for property located at 229 E. <br />Dubail. (Marsha A. Reaves) <br />-23- <br />COMMISSION APPROVED THE LOAN AND GRANT <br />IN CONNECTION WITH THE AFFORDABLE LOAN <br />PROGRAM FOR PROPERTY LOCATED AT 2106 W. <br />INDIANA. (SHUNTAE L. WILLIAMS) <br />COMMISSION APPROVED THE LOAN IN <br />CONNECTION WITH THE AFFORDABLE LOAN <br />PROGRAM FOR PROPERTY LOCATED AT 229 E. <br />DUBAIL (MARSHA A. REAVES) <br />