HomeMy WebLinkAboutMinutes Corpus Christi Community Improvement Corporation/Loan Review Committee - 04/12/1995 1110 g ,21
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MINUTES
CORPUS CHRISTI COMMUNITY IMPROVEMENT CORPORATION
LOAN REVIEW COMMITTEE
APRIL 12, 1995
12 NOON
,STAFF PRESENT MEMBERS ABSFNT
Hector G. Vallejo, Program Manager Diana Bazan
Fred Pena, Rehab Supervisor Karen Boehk
Delia Garcia, Loan Processor Supervisor Ben Grande
Josie Estrada, Rehab Secretary
MEMBFRS PRE$FNT
Alynda Asher
Ernest Carter
Ruben Fuentes
Louis Garza
Rose Royce Huegele
Robert E. Jones
Leroy San Miguel
Alice Vaughn
Chairperson, Rose Royce Huegele called the meeting to order at 12:00 p.m. in the
Community Development Conference Room on the 2nd Floor of City Hall.
The first order of business was to approve the minutes of March 15, 1995. There
were no changes or corrections to the Minutes of March 15, 1995. A motion for
approval of the Minutes was made by Mr. Garza and seconded by Mr. Carter. Motion
passed unanimously.
The following loan requests were presented:
A rehabilitation loan request was made for Yvonne E. Garcia, 1714 Whittier, in the
amount of $25,000 at three percent (3% ) interest. Homeowner must provide
S500.00. Total monthly payment will be $233.65. The Corporation will be in a first
Hen position.
After a brief discussion, Mr. Garza made a motion to approve the loan . Motion was
seconded by Mr. Fuentes. Motion passed unanimously.
SCANNED
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The next request presented was a rehabilitation loan request for Enriquetta Morales,
230 Norton, in the amount of $4,750 at zero (0%) percent interest. Loan request
includes a Minimum Deferred Loan in the amount of $15,000 and an Emergency
Repair Grant in the amount of $4,000. Total monthly payment is $99.58. The
Corporation will be in a second lien position.
After discussing different options, Mr. Garza made a motion to approve the loan
giving Mrs. Morales the option to refinance and to extend the terms from 10 years
to 15 years in order to lower the payments. Ms. Vaughn seconded the motion and
motion was approved unanimously.
A rehabilitation loan request for Elijah and Maudie L. Tomlinson, 2815 Moore was
made in the amount of $5,200 at three (3%) interest. The total monthly payment will
be $96.21 . The Corporation will be in a first lien position.
Mr. Garza made a motion to approve the loan as presented and Ms. Vaughn seconded
the motion. Motion passed unanimously.
Mr. Vallejo explained the Rev. Karen Boehk was resigning as Loan Review Committee
Member. He asked if any Committee Member knew of someone that might be
interested in serving on the Committee, preferably an attorney, to let him know so
that their name may be submitted.
Having no further business, Ms. Huegele adjourned the meeting.
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