514.2007
RESOLUTION APPROVING GRANT AWARD AND A DEFERRED LOAN
FOR CASE #5515 IN CONNECTION WITH THE
TOWN OF QUEENSBURY HOUSING REHABILITATION PROGRAM
RESOLUTION NO.: 514, 2007
INTRODUCED BY: Mr. Richard Sanford
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Tim Brewer
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 received grant funds from the New York State Governor’s Office for Small
Cities Community Development Block Grant (CDBG) programs 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 owners cost of rehabilitation,
and
WHEREAS, a single family property Case File #5515 has 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 Thirty-five thousand five hundred
twenty-five dollars and no cents ($35,525.00), and
WHEREAS, Shelter Planning & Development and Building & Codes staff recommend including an
additional four thousand dollar ($4,000.00) contingency for possible additional costs, 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 this 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,
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
THEREFORE BE IT RESOLVED, that the Town of Queensbury approves a CDBG Grant in the amount
not to exceed Thirty-four thousand five hundred twenty-five dollars and no cents ($34,525.00) for Case
File #5515, Queensbury, New York; and
BE IT FURTHER RESOLVED that the Town of Queensbury also approves a rehabilitation loan for
Case File #5515, in an amount not to exceed five thousand dollars and no cents ($5,000.00) , and
BE IT FURTHER RESOLVED that the Town Council authorizes and directs either the Town Supervisor
or Town of Queensbury Executive Director of Community Development 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.
rd
Duly adopted this 3 day of December, 2007, by the following vote:
AYES: Mr. Strough, Mr. Brewer, Mr. Stec
NOES: Mr. Sanford
ABSENT:None
ABSTAIN:Mr. Boor