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The loan would be forgivable provided the development is completed within the <br /> required timeframes and private investment for all costs on the project exceed <br /> $48.75 million. <br /> Sincerely, <br /> Joseph Molnar <br /> Deputy Director <br /> Department of Community Investment <br /> CC: <br /> Sandra Kennedy, Corporation Counsel <br /> if <br /> • <br /> • <br /> 215 S. Dr. Martin Luther King, Jr. Blvd., Ste 500, South Bend, Indiana 46601 (574) 233-0311 ; southbendin.gov <br />