244.2007
RESOLUTION APPROVING REVISION TO LOAN AMOUNT IN
CONNECTION WITH TOWN OF QUEENSBURY HOUSING
REHABILITATION PROGRAM IN CONNECTION WITH NEW YORK
STATE DIVISION OF HOUSING AND COMMUNITY
RENEWAL HOME PROGRAM
RESOLUTION NO.: 244, 2007
INTRODUCED BY: Mr. Tim Brewer
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Richard Sanford
WHEREAS, the Town of Queensbury has established a Housing Rehabilitation Program
which provides grants up to 100% of the cost of rehabilitation, up to a maximum of $20,000 per
unit whichever is less, and
WHEREAS, a single family property Case File # 5173 has been determined to be eligible
for rehabilitation grant assistance and the owner of the property has requested such assistance,
and
WHEREAS, the Town of Queensbury has approved a HOME rehabilitation grant in the
amount of twenty thousand dollars and no cents ($20,000.00), and a loan in the amount of two
thousand five hundred seventy-five dollars and no cents ($2,575), and
WHEREAS, property rehabilitation specifications have been revised to include additional
work, and
WHEREAS, the revised cost to complete the work specified is twenty three thousand six
hundred fifty five dollars and no cents ($23,655.00) and is still the lowest acceptable cost, and
WHEREAS, the owner has been approved to receive a grant for twenty thousand dollars
and no cents ($20,000.00) through the HOME Program and is now eligible to receive three
thousand six hundred fifty five dollars ($3,655.00) in a deferred loan through the Town Housing
Rehabilitation Program, and
NOW, THEREFORE, BE IT
RESOLVED, that the Town of Queensbury approves a revised Loan for Case File #5173,
Queensbury, New York, in the amount not to exceed three thousand six hundred fifty five dollars
($3,655.00) and authorizes and directs either the Town of Queensbury Town Supervisor or
Executive Director of Community Development to execute a revised Loan Agreement and take
such other and further action as may be necessary to effectuate the terms of this Resolution.
st
Duly adopted this 21 day of May, 2007, by the following vote:
AYES : Mr. Brewer, Mr. Stec, Mr. Boor, Mr. Sanford, Mr. Strough
NOES : None
ABSENT: None