065.2008
RESOLUTION APPROVING HOUSING REHABILITATION LOAN IN
CONNECTION WITH TOWN OF QUEENSBURY HOUSING
REHABILITATION
RESOLUTION NO.: 65, 2008
INTRODUCED BY: Mr. Tim Brewer
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. John Strough
WHEREAS, the Town of Queensbury has established a Housing Rehabilitation Loan
Program which provides a deferred loan to very low income eligible property owners for the cost
of rehabilitation, and
WHEREAS, a single family property, Case File #5642 has been determined to be eligible
for a loan through the Housing Rehabilitation Loan Program and the owner of the property has
requested such a loan, and
WHEREAS, the applicant for the rehabilitation assistance is a member of a group of
persons intended to be the beneficiaries of the rehabilitation program, 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 four thousand eight
hundred and forty-five dollars and no cents ($4,845.00), and
WHEREAS, Shelter Planning & Development, Inc. has overseen the rehabilitation process
and recommends approving this deferred loan, and
WHEREAS, the property owner will enter into a Loan Agreement with the Town of
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,
NOW THEREFORE, BE IT
RESOLVED, that the Town of Queensbury approves a rehabilitation loan for Case File
#5642, in an amount not to exceed four thousand eight hundred and forty-five dollars and no
cents ($4,845.00) authorizes and directs either the Town Supervisor or Town of Queensbury
Senior Planner to execute a Grant Award Agreement and take such other and further action as
may be necessary to effectuate the terms of this Resolution.
st
Duly adopted this 1 day of January 2008, by the following vote:
AYES : Mr. Metivier, Mr. Montesi, Mr. Strough, Mr. Brewer, Mr. Stec
NOES : None
ABSENT : None