HomeMy WebLinkAbout4A4 Mortgage Release (931 W LaSalle)_signedRedevelopment Commission Agenda Item
DATE: 5/15/24
FROM: Liz Maradik
SUBJECT: Home Repair Program Mortgage Release
Funding Source* (circle one) River West; River East; South Side; Douglas Road; West Washington; RDC General
*Funds are subject to the City Controller's determination of availability; if funds are unavailable, as solely determined by the City Controller,
then the authorization of the expenditure of such funds shall be void and of no effect.
Purpose of Request:
In a previous version of the Home Repair Program, the city provided a combination of grant and
loan to complete repairs at an owner occupied home. The loans for the program were issued
through the Redevelopment Commission. The loan associated with the property at 931 W.
LaSalle has been paid in full, so staff is requesting the Commissioners approve the mortgage
release.
INTERNAL USE ONLY: Project ID: ;
Total Amount – New Project Budget Appropriation $_______________;
Total Amount – Existing Project Budget Change (increase or decrease) $_______________;
Funding Limits: Engineering: $_____________________; Other Prof Serv Amt $_______________;
Acquisition of Land/Bldg (circle one) Amt: $___________; Street Const Amt $________________;
Building Imp Amt $_________; Sewers Amt $_________; Other (specify) Amt $ ________________
_________________________Pres/V-Pres
ATTEST: __________________Secretary
Date: ____________________
APPROVED Not Approved
SOUTH BEND REDEVELOPMENT COMMISSION
May 23, 2024