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 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
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 :