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South Bend Redevelopment Commission <br />Regular Meeting - November 6, 1998 <br />6. NEW BUSINESS (CONT.) <br />m. Staff report on disposition of property <br />in the Sample -Ewing Development <br />Area. <br />Mrs. Kolata stated that there was no staff <br />report. <br />n. Commission approval requested for <br />Loan and Grant in connection with the <br />Affordable Loan Program for property <br />at 145 N. Albert. (Joe Ann Foster and <br />Hazel Woods) <br />Mrs. Kolata stated that the loan to Joe Ann <br />Foster and Hazel Woods is in the amount <br />of $12,350 at 0% interest for 15 years with <br />monthly payments of $68.61. The grant is <br />in the amount of $12,144. <br />Upon a motion by Mr. Faccenda, seconded <br />by Mr. Blake and unanimously carried, the <br />Commission approved the Loan and Grant <br />in connection with the Affordable Loan <br />Program for property at 145 N. Albert. <br />(Joe Ann Foster and Hazel Woods) <br />o. Commission approval requested for <br />Loan and Grant in connection with the <br />Affordable Loan Program for property <br />at 920 Fairway. (Martin and Alice <br />Oltman) <br />Mrs. Kolata stated that the loan to Martin <br />and Alice Oltman is in the amount of <br />$14,550 at 1% interest for 20 years with <br />monthly payments of $74.67. The grant is <br />in the amount of $14,278. <br />H: \WPDATA \COMMSN\110698.MIN -18- <br />THERE WAS NO STAFF REPORT <br />COMMISSION APPROVED THE LOAN AND GRANT <br />IN CONNECTION WITH THE AFFORDABLE LOAN <br />PROGRAM FOR PROPERTY AT 145 N. ALBERT (JOE <br />ANN FOSTER AND HAZEL WOODS) <br />