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South Bead Redevelopment Commission <br />Regular Meeting June 6, 1980 <br />6. NEW BUSINESS <br />i. dontinued.... <br />. Ellison: I frankly like the idea of <br />financing a loan whenever we can because <br />eoretica.11y it puts the family in a <br />tter position to maintain the house after <br />e loan. <br />s. Baumgartner: It also gives HUD a better <br />sition in terms of reclaiming their debt. <br />Is. Auburn made a motion to approve a 312 <br />oan to the following: Bernadette J. Way <br />f 2103 S. Swygart, South Bend, Indiana for <br />COMMISSION APPROVAL <br />8,650.00; Vanilla Dixson of 1031 N. Allen, <br />GRANTED FOR SIX 312 <br />outh Bend, Indiana for $26,500.00; <br />LOANS THROUGH THE <br />oseph Kuzmits of 2101 S. Framklin, South <br />BUREAU OF HOUSING <br />end, Indiana for $19,150.00; Albert T. & <br />nna Yerga of 742 S. Grant Street, <br />outh Bend, Indiana for $16,850.00, <br />ammie C. $ Vanette Brooks of 801 E. <br />lton, South Bend, Indiana in the amount <br />f $14,250.00; Frances L. Roberts, of 820 <br />lmond Court, South Bend, Indiana, in the <br />mount of $4,250.00, seconded by Mr. Cira <br />nd the motion was unanimously carried. <br />'r. Donaldson made a motion for a <br />onditional approval of a 312 loan to <br />oberto & Soledad Duron of 454 S. Harris, COMMISSION APPROVAL <br />outh Bend, Indiana in the amount of GRANTED FOR 312 LOAN <br />26,950.00, subject to the repayment of SUBJECT TO REPAYMENT <br />he prior two loans and the releases of OF PRIOR TWO LOANS <br />he corresponding mortgages, seconded by (ROBERTO & SOLEDAD DURON) <br />s. Auburn, and the motion was unanimously <br />arried. <br />j. Jax abatement request from Mossberg & Co. <br />Chair announced that this item on the TAX ABATEMENT REQUEST <br />da is being deleted at this time on FROM MOSSBERG & CO. <br />type of action pending further DELAYED PENDING STAFF <br />stigation by the staff. INVESTIGATION <br />W <br />