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South Bend Redevelopment Commission <br />Rescheduled Regular Meeting - August 13, 1999 <br />6. NEW BUSINESS (CONT.) <br />f. Commission approval requested for <br />Loan and Grant in connection with <br />the Affordable Loan Program for <br />property at 1449 Sorin. (Claudia <br />Alkire) <br />Mrs. Kolata stated that the loan is in the <br />amount of $3,350 at 0% interest for 10 <br />years with monthly payments of $27.92. <br />The grant is in the amount of $3,162.50. <br />Upon a motion by Mr. Faccenda, <br />seconded by Ms. Schwartz and <br />unanimously carried, the Commission <br />approved the Loan and Grant in <br />connection with the Affordable Loan <br />Program for property at 1449 Sorin. <br />(Claudia Alkire) <br />g. Commission approval requested for <br />proposal from Peirce & Associates for <br />professional services in the Airport <br />Economic Development Area. <br />Mrs. Kolata stated that a proposal was <br />received from Peirce & Associates in the <br />amount of $13,500 to design the <br />extension of Enterprise Drive <br />Upon a motion by Mr. Faccenda, <br />seconded by Mr. Blake and unanimously <br />carried, the Commission accepted the <br />proposal from Peirce & Associates in the <br />amount of $13,500 to design the <br />extension of Enterprise Drive in the <br />Airport Economic Development Area. <br />-12- <br />COMMISSION APPROVED THE LOAN AND GRANT <br />IN CONNECTION WITH THE AFFORDABLE LOAN <br />PROGRAM FOR PROPERTY AT 1449 SORIN. <br />(CLAUDIA ALKIRE) <br />COMMISSION ACCEPTED THE PROPOSAL FROM <br />PEIRCE & ASSOCIATES IN THE AMOUNT OF $13,500 <br />TO DESIGN THE EXTENSION OF ENTERPRISE DRIVE <br />IN THE AIRPORT ECONOMIC DEVELOPMENT AREA <br />