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South Bend Redevelopment Commission <br />Rescheduled Regular Meeting - April 9, 1999 <br />6. NEW BUSINESS (CONT.) <br />j. continued... <br />Mrs. Kolata stated that R. Steve Gay <br />has satisfied all of the obligations of the <br />Rental Rehab Loan Program and all <br />waivers have been granted. <br />Upon a motion by Mr. Blake, seconded <br />by Mr. Donoho and unanimously <br />carried, the Commission approved the <br />Satisfaction of Obligations and Release <br />of Mortgage for the property at 520 N. <br />Notre Dame Avenue. (R. Steve Gay) <br />k. Commission approval requested for <br />Loan and Grant in connection with <br />the Affordable Loan Program for <br />property at 322 N. Walnut. <br />(Henrietta Faught) <br />Mrs. Kolata stated that the loan is in the <br />amount of $5,250 at 1% interest for 10 <br />years with monthly payments of <br />$45.99. The grant is in the amount of <br />$5,076.50. <br />Upon a motion by Ms. Schwartz, <br />seconded by Mr. Faccenda and <br />unanimously carried, the Commission <br />approved the Loan and Grant in <br />connection with the Affordable Loan <br />Program for property at 322 N. Walnut. <br />(Henrietta Faught) <br />COMMISSION APPROVED THE SATISFACTION OF <br />OBLIGATIONS AND RELEASE OF MORTGAGE FOR THE <br />PROPERTY AT 520 N. NOTRE DAME AVENUE. (R. <br />STEVE GAY) <br />COMMISSION APPROVED THE LOAN AND GRANT IN <br />CONNECTION WITH THE AFFORDABLE LOAN <br />PROGRAM FOR PROPERTY AT 322 N. WALNUT. <br />(HENRIETTA FAUGHT) <br />H:\WPDATA\C0MMSM040999.M1N -19- <br />