400.2007
RESOLUTION APPROVING GRANT AWARDS AND A DEFERRED
LOAN FOR CASE #5516IN CONNECTION WITH TOWN OF
QUEENSBURY HOUSING REHABILITATION PROGRAM
RESOLUTION NO.: 400, 2007
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 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 #5516has 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 nineteen thousand four
hundred fifty dollars and no cents ($19,450.00), and
WHEREAS, Case File #5516 has previously been approved for a grant in the amount of four
thousand six hundred dollars and no cents ($4,600.00) for installation of a new septic system for a
total project cost of twenty four thousand fifty dollars and no cents ($24,050.00), 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,
NOW, THEREFORE, BE IT
RESOLVED, that the Town of Queensbury approves a CDBG Grant in the amount not to
exceed nineteen thousand four hundred fifty dollars and no cents ($19,450.00) for Case File #5516,
and
BE IT FURTHER,
RESOLVED, that the Town Board further approves a Rehabilitation Loan for Case File
#5516 in an amount not to exceed four thousand fifty dollars and eighty cents ($4,050.80), 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.
th
Duly adopted this 10 day of September, 2007, by the following vote:
AYES: Mr. Sanford, Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Boor
NOES: None
ABSENT:None