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South Bend Redevelopment Commission <br />Regular Meeting - February 19, 1999 <br />6. NEW BUSINESS (CONT.) <br />h. continued.... <br />Mrs. Kolata stated that the loan to Ida Mae <br />Evans is in the amount of $8,250 at 2% <br />interest for 15 years with monthly <br />payments of $53.09. The grant is in the <br />amount of $8,043.75. <br />Upon a motion by Mr. Donoho, seconded <br />by Ms. Schwartz and unanimously, the <br />Commission approved the Loan and Grant <br />in connection with the Affordable Loan <br />Program for property at 1624 Warren St. <br />(Ida Mae Evans) <br />i. Commission approval requested for <br />Parking Management Agreement with <br />Ampco System Parking for the Wayne <br />Garage. <br />Mrs. Kolata asked permission to table item <br />6.i. There were no objections and item 6.i. <br />was tabled. <br />j. Commission approval requested for <br />Lease with Catering by Billie, Inc. in the <br />South Bend Central Development Area. <br />Mrs. Kolata stated that the two -year <br />Commercial Lease will begin on <br />November 1, 1999, and end on October <br />31, 2000. The Lease will allow Catering <br />by Billie, Inc. to continue occupying the <br />space in the Wayne Street Parking Garage. <br />The rent would be $1,836.75 per month <br />over the two -year lease term. <br />HAW PDATATOMMSM021999.MIN <br />-18- <br />COMMISSION APPROVED THE LOAN AND GRANT <br />IN CONNECTION WITH THE AFFORADABLE LOAN <br />PROGRAM FOR PROPERTY AT 1624 WARREN ST. <br />ITEM 6.I. WAS TABLED <br />