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09-3765
| A | | Spodick and 255 N Memorial Dr | Communication | Subject: Communication from Jim Spodick wishing to discuss paying off a loan on 255 North Memorial Drive. (Res.09-1509)
Recommendation of the Loan Board on 6-18-09: To defer this item to allow for additional analysis with the option of polling the board for a decision.
On June 30, via an electronic poll, the Loan Board of Review
recommended that no discount on the loan amount be given based
on the relative value of the property to the loan, and that there be a
$40,000 discount on the loan to $635,000, based on the early payoff.
Fiscal Note: The loan is a no-interest balloon payment loan for $675,000 due on October 8, 2011. The reduction of $40,000 is recommended because the loan would be paid off early. Specifically, $635,000 paid now is equivalent to $675,000 paid in 2 1/4 years at the interest rate that the city currently earns on its short term investments (approximately 3%). | Approved | Pass |
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09-3880
| A | | Lisa Carleton of 2322 Hansen Avenue | Application | Subject: Request from Lisa Carleton of 2322 Hansen Avenue for a home improvement loan.
Recommendation of the Loan Board of Review on July 16, 2009: To approve a home improvement loan in an amount up to the After-Rehab Assessed Value at 5% interest for a term
up to 20 years. Note: owner is eligible for HOME grant match, must comply with City codes and inspections. | Approved | Pass |
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09-3881
| A | | Edgar and Thisbe Castro of 726 St. Patrick Street | Application | Subject: Request from Edgar and Thisbe Castro of 726 St. Patrick Street for a home improvement loan.
Recommendation of the Loan Board of Review on July 16, 2009: To approve a home improvement loan up to $20,000 at 5% interest for a term up to 20 years. Note: owners eligible for a HOME match grant - must comply with City codes/inspections. | Approved | Pass |
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09-3882
| A | | Gary and Sandra Eckert of 1110 Harmony Drive | Application | Subject: Request from Gary and Sandra Eckert of 1110 Harmony Drive for a home improvement loan.
Recommendation of the Loan Board of Review on July 16, 2009: To approve a home improvement loan in an amount up to $25,000 at 5% interest for a term up to 20 years. Note: owners are eligible for HOME match grant, must comply with City codes and inspections. | Approved | Pass |
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09-3883
| A | | Katie Haman of 258 Luedtke Avenue | Application | Subject: Request from Katie Haman of 258 Luedtke Avenue for a home improvement loan.
Recommendation of the Loan Board of Review on July 16, 2009: To approve a home improvement loan in an amount up to $7,000 at 5% interest for a term up to 20 years. Note: owner is eligible for HOME match grant, must comply with City codes and inspections. | Approved | Pass |
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09-3884
| A | | Cheryl Hegger of 1717 N. Wisconsin Street | Application | Subject: Request from Cheryl Hegger of 1717 N. Wisconsin Street for a home improvement loan.
Recommendation of the Loan Board of Review on July 16, 2009: To approve a home improvement loan in an amount up to $15,000 at 5% interest for a term up to 20 years. Note: owner is eligible for a HOME match grant and must comply with City codes and inspecitons. | Approved | Pass |
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09-3885
| A | | Billie Jean Henry of 1302 Thurston Avenue | Application | Subject: Request of Billie Jean Henry of 1302 Thurston Avenue for a home improvement loan.
Recommendation of the Loan Board of Review on July 16, 2009: To approve a loan in an amount up to $15,000 at 5% interest for a term up to 20 years. Note: owner is eligible for a HOME match grant must comply with City codes and inspections. | Approved | Pass |
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09-3886
| A | | Florence Jordan of 2620 Donna Avenue | Application | Subject: Request of Florence Jordan of 2620 Donna Avenue for a home improvement loan.
Recomendation of the Loan Board of Review on July 16, 2009: to approve a loan in an amount up to $15,000 at 5% interest for a term up to 20 years. Note: owner is eligible for a HOME match grant and must comply with City codes and inspections. | Approved | Pass |
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09-3887
| A | | Michael and Susan Kratochvill of 1729 St. Clair Street | Application | Subject: Request of Michael and Susan Kratochvill of 1729 St. Clair Street for a home improvement loan.
Recommendation of the Loan Board of Review on July 16, 2009: to approve a home improvement loan in an amount up to $17,500 at 5% interest for a term up to 20 years. Note: Owners are eligible for a HOME match grant and must comply with City codes and inspections. | Approved | Pass |
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09-3888
| A | | Gregory Mason of 910 Indiana Street | Application | Subject: Request of Gregory Mason of 910 Indiana Street for a home improvement loan.
Recommendation of the Loan Board of Review on July 16, 2009: To approve a home improvement loan in an amount up to $12,000 at 5% interest for a term up to 20 years. Note: Owner is eligible for a HOME match grant and must comply with City codes and inspections. | Approved | Pass |
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09-3889
| A | | Michelle Parkhill of 3206 Erie Street | Application | Subject: Request from Michelle Parkhill of 3206 Erie Street for a home improvement loan.
Recommendation of the Loan Board of Review on July 16, 2009: to approve a home improvement loan in an amount up to $18,000 at 5% interest for a term up to 20 years. Note: owner is eligible for a HOME match grant and must comply with City codes and inspections. | Approved | Pass |
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