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South Bend Redevelopment Commission <br />Rescheduled Regular Meeting - April 23, 1999 <br />6. NEW BUSINESS(CONT.) <br />h. continued... <br />Upon a motion by Ms. Schwartz, seconded COMMISSION RESCINDED THE APPROVAL OF THE <br />by Mr. Donoho and unanimously carried, PROPOSAL FROM R.E. PITTS & ASSOCIATES DATED <br />the Commission rescinded the approval of MARCH 18, 1999 <br />the proposal from R.E. Pitts & Associates <br />dated March 18, 1999. <br />i. Commission approval requested for <br />Loan and Grant in connection with the <br />Affordable Loan Program for property <br />at 906 W. Bryan. (Joan H. Kowalski) <br />Mrs. Kolata stated that the loan is in the <br />amount of $3,150 at I% interest for 10 <br />years with monthly payments of $27.60. <br />The grant is in the amount of $2,973.02. <br />Upon a motion by Mr. Blake, seconded by <br />Ms. Schwartz and unanimously carried, <br />the Commission approved the Loan and <br />Grant in connection with the Affordable <br />Loan Program for property at 906 W. <br />Bryan. (Joan H. Kowalski) <br />j. Commission approval requested for <br />Loan and Grant in connection with the <br />Affordable Loan Program for property <br />at 330 N. Walnut. (Thomas & Verda <br />Campbell) <br />Mrs. Kolata stated that the loan is in the <br />amount of $6,500 at 3% interest for 6 <br />years with monthly payments of $98.76. <br />The grant is in the amount of $4,202.00. <br />HAWPDATA \C0MMSN\042399.MIN -9- <br />COMMISSION APPROVED THE LOAN AND GRANT <br />IN CONNECTION WITH THE AFFORDABLE LOAN <br />PROGRAM FOR PROPERTY AT 906 W. BRYAN <br />(JOAN H. KOWALSKI) <br />