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South Bend Redevelopment Commission <br />Regular Meeting— October 19, 2001 <br />6. NEW BUSINESS (CONT.) <br />p. Commission approval requested for Loan <br />and Grant in accordance with the Affordable <br />Loan Program for property located at 1914 <br />Beverly Place. (Carole E. Jones) <br />Mr. Inks noted that the loan is for $6,200 to be <br />repaid in the amount of $84.75 per month for 84 <br />months with an interest rate of 4 %. The grant is <br />for $2,567.40. <br />Upon a motion by Ms. Jones, seconded by Mr. <br />Caldwell and unanimously carried, the <br />Commission approved the Loan and Grant in <br />accordance with the Affordable Loan Program <br />for property located at 1914 Beverly Place. <br />(Carole E. Jones) <br />q. Commission approval requested for Loan <br />AVIN and Grant in accordance with the Affordable <br />Loan Program for property located at 1533 <br />McPherson Street. (Angeline A. Sappington) <br />Mr. Inks noted that the loan is for $6,050 to be <br />repaid in the amount of $61.25 per month for <br />120 months with an interest rate of 4 %. The <br />grant is for $3,907.20. <br />Upon a motion by Ms. Jones, seconded by Mr. <br />Caldwell and unanimously carried, the <br />Commission approved the Loan and Grant in <br />accordance with the Affordable Loan Program <br />for property located at 1533 McPherson Street. <br />(Angeline A. Sappington) <br />r. Commission approval requested for <br />Assignment and Assumption of Contract for <br />Sale of Land for Private Development in the <br />Airport Economic Development Area. <br />(Dynamic Fab to Koontz/Wagner) <br />23 <br />COMMISSION APPROVED THE LOAN AND GRANT <br />IN ACCORDANCE WITH THE AFFORDABLE LOAN <br />PROGRAM FOR PROPERTY LOCATED AT 1914 <br />BEVERLY PLACE. (CAROLE E. JONES) <br />COMMISSION APPROVED THE LOAN AND GRANT <br />IN ACCORDANCE WITH THE AFFORDABLE LOAN <br />PROGRAM FOR PROPERTY LOCATED AT 1533 <br />MCPHERSON STREET. (ANGELINE A. <br />SAPPINGTON) <br />