338.2007
RESOLUTION APPROVING COMMUNITY DEVELOPMENT BLOCK
GRANT (CDBG) AWARD AND DEFERRED LOAN FOR CASE #5519
IN CONNECTION WITH TOWN OF QUEENSBURY HOUSING
REHABILITATION PROGRAM
RESOLUTION NO.: 338, 2007
INTRODUCED BY: Mr. Tim Brewer
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Roger Boor
WHEREAS, the Town of Queensbury has established a Housing Rehabilitation Program
which provides grants to cover 100% of the cost of rehabilitation up to a maximum of $20,000,
whichever is less, and
WHEREAS, the Town has been awarded grant funds from the New York State
Governor’s Office for Small Cities Community Development Block Grant (CDBG) program to
cover eligible project costs, and
WHEREAS, the Town of Queensbury has also established a Housing Rehabilitation Loan
Program which provides a deferred loan to very low income eligible property owners for the
owner’s cost of rehabilitation, and
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WHEREAS, a single family property Case File 5519has been determined to be eligible
for rehabilitation grant assistance and a loan through the Housing Rehabilitation Loan Program
and the owner of the property has requested such assistance and loan, and
WHEREAS, property rehabilitation specifications have been provided to three (3)
qualified contractors for bid, and
WHEREAS, the low bid cost to complete the work specified is Twenty five thousand
dollars and no cents ($25,000.00), and
WHEREAS, Shelter Planning & Development, Inc. has overseen the grant and loan
process and has verified that it has been followed in this case and recommends approving these
grants and loan, and
WHEREAS, a lien will be filed against the property for the benefit of the Town for a
period of five years from the completion of the rehabilitation, and
WHEREAS, the property owner will enter into a Loan Agreement with the Town of
Queensbury which will be filed with the Warren County Clerk’s Office with the principal
balance of the loan due in full upon the transfer of title of the property,
,
NOWTHEREFORE, BE IT
RESOLVED, that the Town of Queensbury approves a CDBG grant for Case File #5519
in the amount not to exceed Twenty thousand dollars and no cents ($20,000.00), and
BE IT FURTHER,
RESOLVED that the Town of Queensbury approves a rehabilitation loan for Case File
,
#5519 in an amount not to exceedFive thousand dollars and no cents ($5,000.00)and
BE IT FURTHER,
RESOLVED that the Town Board authorizes and directs the Town Supervisor to execute
Grant Award and Loan agreements and take such other and further action as may be necessary to
effectuate the terms of this Resolution.
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Duly adopted this 16 day of July, 2007, by the following vote:
AYES : Mr. Boor, Mr. Sanford, Mr. Strough, Mr. Brewer, Mr. Stec
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NOES: None
ABSENT: None
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