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South Bend Redevelopment Commission <br />Rescheduled Regular Meeting - April 9, 1999 <br />6. NEW BUSINESS (CONT.) <br />1. Commission approval requested for <br />Loan and Grant in connection with <br />the Affordable Loan Program for <br />property at 1034 W. Colfax. (Hattie <br />M. Walker) <br />Mrs. Kolata stated that the loan is in the <br />amount of $5,250 at 0% interest for 12 <br />years with monthly payments of <br />$36.46. The grant is in the amount of <br />$5,054.50. <br />Upon a motion by Ms. Schwartz, COMMISSION APPROVED THE LOAN AND GRANT IN <br />seconded by Mr Faccenda and CONNECTION WITH THE AFFORDABLE LOAN <br />unanimously carried, the Commission PROGRAM FOR PROPERTY AT 1034 W. COLFAX. <br />approved the Loan and Grant in (HATTIE M. WALKER) <br />connection with the Affordable Loan <br />Program for property at 1034 W. <br />Colfax. (Hattie M. Walker) <br />m. Commission approval requested for <br />Loan and Grant in connection with <br />the Affordable Loan Program for <br />property at 223 E. Calvert St. (Roy <br />T. Ritchie and Carmen D. Garrett) <br />Mrs. Kolata stated that the loan is in the <br />amount of $9,750.00 at 0% interest for <br />20 years with monthly payments of <br />$40.63. The grant is in the amount of <br />$9,539.20. <br />HAWPDATATOMMSM040999.MIN -20- <br />