378.2006
RESOLUTION APPROVING HOUSING REHABILITATION LOAN IN
CONNECTION WITH TOWN OF QUEENSBURY HOUSING
REHABILITATION PROGRAM – CASE FILE #5345
RESOLUTION NO.:3782006
,
INTRODUCED BY: Mr. Tim Brewer
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Richard Sanford
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
owners cost of rehabilitation, and
WHEREAS, a single family property, Case File #5345, 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, property rehabilitation specifications have been provided to at least three (3)
qualified contractors for bid, and
WHEREAS, the low bid cost to complete the work specified is Twenty thousand four
hundred dollars and no cents ($20,400.00), and
,
WHEREAS the property has been approved for a grant for Twenty thousand dollars and
no cents ($20,000.00) through the Housing Rehabilitation Program, 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 this
deferred loan, and
1
WHEREAS, the property owner will enter into a Loan Agreement with the Town of
Queensbury which will be recorded 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 Queensbury Town Board hereby approves a rehabilitation loan for
Case File #5345 in an amount not to exceed Four hundred dollars and no cents ($400.00) and
hereby authorizes and directs either the Town Supervisor or 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.
th
Duly adopted this 7 day of August, 2006, by the following vote:
AYES: Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Boor, Mr. Sanford
NOES: None
ABSENT:None
2