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South Bend Redevelopment Commission <br />Regular Meeting - October 1, 1999 <br />6. NEW BUSINESS (CONT.) <br />v. Commission approval requested for <br />Satisfaction of Obligations and <br />Release of Mortgage regarding the <br />property at 202 Bartlett. (James, <br />Penny and Scott Hughes) <br />Mrs. Kolata stated the James, Penny <br />and Scott Hughes have met all the <br />requirements in connection with the <br />City of South Bend's 10 -year Rental <br />Rehab Loan Program. <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 regarding the property at <br />202 Bartlett. (James, Penny and Scott <br />Hughes) <br />w. Commission approval requested for <br />Loan and Grant in connection with <br />the Affordable Loan Program for <br />property at 556 N. Twyckenham Dr. <br />(Lylene Cannon) <br />Mrs. Kolata stated that the loan is in the <br />amount of $4,550.00 at 0% interest for <br />7 years with monthly payments of <br />$54.17. The grant is in the amount of <br />$4,339.50. <br />Upon a motion by Mr. Blake, seconded <br />by Mr. Donoho and unanimously <br />carried, the Commission approved the <br />Loan and Grant in connection with the <br />Affordable Loan Program for property <br />at 556 N. Twyckenham Dr. (Lylene <br />-18- <br />COMMISSION APPROVED THE SATISFACTION OF <br />OBLIGATIONS AND RELEASE OF MORTGAGE <br />REGARDING THE PROPERTY AT 202 BARTLETT <br />(JAMES, PENNY AND SCOTT HUGHES) <br />COMMISSION APPROVED THE LOAN AND GRANT <br />IN CONNECTION WITH THE AFFORDABLE LOAN <br />PROGRAM FOR PROPERTY AT 556 N. <br />TWYCKENHAM DR (LYLENE CANNON) <br />