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360.2006 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. 360.2006 INTRODUCED BY: Mr. John Strough WHO MOVED ITS ADOPTION SECONDED BY: Mr. Daniel Stec , 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 # has been determined to be WHEREAS5172 eligible 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) WHEREAS qualified contractors for bid, and , the low bid cost to complete the work specified is WHEREASTwenty two , and thousand three hundred forty four dollars and no cents ($22,344.00) , the property has been approved for a grant for WHEREASTwenty thousand through the Housing Rehabilitation Program, and dollars and no cents ($20,000.00) , Shelter Planning & Development, Inc. has overseen the grant process WHEREAS and has 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 Clerk’s 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 NOW THEREFORE BE IT RESOLVED rehabilitation loan for Case File #, in an amount not to exceed 5172 Two thousand three authorizes and directs either the hundred forty four dollars and no cents ($2,344.00) Town Supervisor or Town of Queensbury Executive 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 31 day of July, 2006, by the following vote: st AYES : Mr. Strough, Mr. Stec, Mr. Boor, Mr. Sanford NOES : None Mr. Brewer ABSENT :