566.2006
RESOLUTION APPROVING GRANT AWARDS AND A DEFERRED LOAN
FOR CASE #5421IN CONNECTION WITH
THE TOWN OF QUEENSBURY HOUSING REHABILITATION PROGRAM
RESOLUTION NO.: 566, 2006
INTRODUCED BY: Mr. Tim Brewer
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. John Strough
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 Affordable
Housing Corporation Affordable Home Ownership Development (AHOD) and 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#5421
, a single family property Case File 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
WHEREASTwenty five thousand
, the low bid cost to complete the work specified is
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,
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 the following
#5421
grants for for Case File , Queensbury, New York:
Ten thousand dollars and no
a) A AHOD Grant in the amount not to exceed:
cents ($10,000.00)
, and
Ten thousand dollars and no
b) A CDBG Grant in the amount not to exceed:
cents ($10,000.00).
THEREFORE BE IT FURTHER RESOLVED
that the Town of Queensbury approves a
5421 Five thousand dollars and
rehabilitation loan for Case File #, in an amount not to exceed
eighty 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.
th
November, 2006
Duly adopted this 20 day of , by the following vote:
AYES: Mr. Sanford, Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Boor
NOES: None
ABSENT: None