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South Bend Redevelopment Commission <br />Regular Meeting - October 16, 1998 <br />6. NEW BUSINESS (CONT.) <br />a. continued.... <br />Mrs. Kolata stated that Redevelopment <br />and the Joint Advisory Committee have <br />been very pleased with Meadowbrook <br />Golf Group, Inc.'s operations and <br />management performance in the past, <br />relative to Blackthorn Golf Course. <br />b. Commission approval requested for <br />Loan and Grant in connection with the <br />Affordable Loan Program for property <br />at 521 E. Haney. (JoAnne Haynes) <br />Mrs. Kolata stated that the loan to JoAnne <br />Haynes is in the amount of $8,950 at 2% <br />interest for 15 years with monthly <br />payments of $67.41. The grant is in the <br />amount of $8,772.50 <br />Upon a motion by Mr. Faccenda, seconded <br />by Mr. Donoho and unanimously carried, <br />the Commission approved the Loan and <br />Grant in connection with the Affordable <br />Loan Program for property at 521 E. <br />Haney. (JoAnne Haynes) <br />c. Commission approval requested for <br />Loan and Grant in connection with the <br />Affordable Loan Program for property <br />at 1605 S. Kemble St. (Velma Boskey) <br />Mrs. Kolata stated that the loan to Velma <br />Boskey is in the amount of $6,950 at 0% <br />interest for 10 years with monthly <br />payments of $57.92. The grant is in the <br />amount of $6,765. <br />HAWPDATATOMMSM101698.MIN -6- <br />COMMISSION APPROVED THE LOAN AND GRANT <br />IN CONNECTION WITH THE AFFORDABLE LOAN <br />PROGRAM FOR PROPERTY AT 521 E. HANEY. <br />(JOANNE HAYNES) <br />