532.2006
RESOLUTION APPROVING HOUSING REHABILITATION LOAN IN CONNECTION WITH THE TOWN OF
QUEENSBURY HOUSING REHABILITATION
PROGRAM IN CONNECTION WITH THE NEW YORK STATE
DIVISION OF HOUSING AND COMMUNITY RENEWAL HOME PROGRAM
RESOLUTION NO.: 532,2006
INTRODUCED BY: Mr. Tim Brewer
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. John Strough
, the Town of Queensbury has established a Housing Rehabilitation Loan
WHEREAS
Program which provides a deferred loan to very low income eligible property owners for the
owners cost of rehabilitation, and
, a single family property, Case File #5428has been determined to be eligible
WHEREAS
for a loan through the Housing Rehabilitation Loan Program and the owner of the property has
requested such a loan, and
, property rehabilitation specifications have been provided to three (3) qualified
WHEREAS
contractors for bid, and
, the low bid cost to complete the work specified is
WHEREASTwenty five thousand dollars
, and
and no cents ($25,000.00)
, the property has been approved for a grant for
WHEREASTwenty thousand dollars and
through the Housing Rehabilitation Program, and
no cents ($20,000.00)
, Shelter Planning & Development, Inc. has overseen the grant process and has
WHEREAS
verified that it has been followed in this case and recommends approving this deferred loan,
and
, the property owner will enter into a Loan Agreement with the Town of
WHEREAS
Queensbury which will be filed with the Warren County Clerkâs Office with the principal balance
of the loan due in full upon the transfer of title of the property,
that the Town of Queensbury approves a rehabilitation
NOW THEREFORE BE IT RESOLVED
loan for Case File #, in an amount not to exceed
5428 Five thousand dollars and no cents
authorizes and directs either the Town Supervisor or Town of Queensbury Executive
($5,000.00)
Director of Community Development to execute a Grant Award Agreement and take such
other and further action as may be necessary to effectuate the terms of this Resolution.
Duly adopted this 6thday of November ,, by the following vote:
2006
AYES : Mr. Sanford, Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Boor
NOES : None
ABSENT : None