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I I <br />South Bend Redevelopment Commission <br />Regular Meeting— September 28, 2001 <br />6. NEW BUSINESS (CONT.) <br />Y. Continued... <br />Upon a motion by Ms. Jones, seconded by Mr. <br />Faccenda and unanimously carried, the Commission <br />approved the Loan and Grant in accordance with the <br />Affordable Loan Program for property located at <br />1029 West Jefferson. (James Owens) <br />z. Commission approval requested for Loan and <br />Grant in accordance with the Affordable Loan <br />Program for property located at 118 S. Chestnut <br />Street. (Walter & Addie Walker) <br />Mr. Inks noted that the loan is for $10,800 to be <br />repaid in the amount of $74.58 per month for 180 <br />months with an interest rate of 3 %. The grant is for <br />$7,056.11. <br />Upon a motion by Ms. Jones, seconded by Mr. <br />Faccenda and unanimously carried, the Commission <br />approved the Loan and Grant in accordance with the <br />Affordable Loan Program for property located at <br />118 South Chestnut. (Walter & Addie Walker) <br />aa. Commission approval requested for Loan and <br />Grant in accordance with the Affordable Loan <br />Program for property located at 1502 Virginia <br />Street. (Frankie Woods) <br />Mr. Inks noted that the loan is for $11,500 at an <br />interest rate of 3 %. Monthly payments of interest <br />only will be made at $15.53 per month for 180 <br />months with the principle to be repaid on sale. The <br />grant is for $7,550.40. <br />Upon a motion by Ms. Jones, seconded by Mr. <br />Faccenda and unanimously carried, the Commission <br />approved the Loan and Grant in accordance with the <br />Affordable Loan Program for property located at <br />1502 Virginia Street. (Frankie Woods) <br />20 <br />COMMISSION APPROVED THE LOAN AND <br />GRANT IN ACCORDANCE WITH THE <br />AFFORDABLE LOAN PROGRAM FOR PROPERTY <br />LOCATED AT 1029 WEST JEFFERSON. (JAMES <br />OWENS) <br />COMMISSION APPROVED THE LOAN AND <br />GRANT IN ACCORDANCE WITH THE <br />AFFORDABLE LOAN PROGRAM FOR PROPERTY <br />LOCATED AT 118 SOUTH CHESTNUT. (WALTER <br />& ADDIE WALKER) <br />COMMISSION APPROVED THE LOAN AND <br />GRANT IN ACCORDANCE WITH THE <br />AFFORDABLE LOAN PROGRAM FOR PROPERTY <br />LOCATED AT 1502 VIRGINIA STREET. <br />(FRANKIE WOODS) <br />