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South Bend Redevelopment Commission <br />Special Meeting - January 7, 2000 <br />6. NEW BUSINESS (CONT.) <br />j. Commission approval requested for <br />Affidavit of Title and Subordination <br />Agreement with KeyBank National <br />Association. (Dynamic R.E.H.C., Inc.) <br />Mrs. Kolata stated that the Redevelopment <br />Commission and Dynamic R.E.H.C., Inc. <br />entered into a Contract for Sale of Land on <br />August 13, 1999. "Inc." was inadvertently <br />omitted from Dynamic R.E.H.C., Inc.'s <br />name in the Deed. The Affidavit of Title <br />and Subordination Agreement corrects that <br />mistake and also places KeyBank's loan in <br />first position. <br />Mr. Faccenda disclosed a potential conflict <br />of interest with this item. Upon further <br />discussion, it was determined that any <br />potential conflict was tenuous at best and <br />that Mr. Faccenda did not have a <br />pecuniary interest in this item. Therefore, <br />it was agreed that Mr. Faccenda could vote <br />on this item. <br />Upon a motion by Mr. Donoho, seconded <br />by Mr. Hunt and carried, the Commission <br />approved the Affidavit of Title and <br />Subordination Agreement KeyBank <br />National Association. (Dynamic <br />R.E.H.C., Inc.) <br />-12- <br />COMMISSION APPROVED THE AFFIDAVIT OF TITLE <br />AND SUBORDINATION AGREEMENT KEYBANK <br />NATIONAL ASSOCIATION. (DYNAMIC R.E.H.C., <br />INC.) <br />