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391.2006 . RESOLUTION APPROVING GRANT AWARD FOR CASE FILE #5076 IN CONNECTION WITH TOWN HOUSING REHABILITATION PROGRAM IN CONNECTION WITH NEW YORK STATE AFFORDABLE HOUSING CORPORATION – AFFORDABLE HOME OWNERSHIP DEVELOPMENT PROGRAM RESOLUTION NO.: 391, 2006 INTRODUCED BY: Mr. Tim Brewer WHO MOVED ITS ADOPTION SECONDED BY: Mr. Roger Boor 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 Program (CDBG) to cover up to 40% of eligible project costs, and WHEREAS, a single family property Case File #5076has been determined to be eligible for rehabilitation grant assistance and the owner of the property has requested such assistance, 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 Thirty eight thousand one hundred twenty dollars and no cents ($38,120.00), and WHEREAS, Shelter Planning & Development, Inc. has overseen the grant process and has verified that it has been followed in this case and recommends approving this grant, and WHEREAS, the Homeowner is eligible to receive a grant for up to $15,000 from the NYS HOME Program and up to $10,000 from the New York State Affordable Housing Corporation Program and up to $5,000 from the Town of Queensbury Community Development Loan Fund, 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, NOW, THEREFORE, BE IT RESOLVED, that the Town of Queensbury approves a CDBG Grant for Case File #5076, Queensbury, New York, in the amount not to exceed Fifteen thousand dollars and no cents ($15,000.00) and authorizes and directs either the 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. th Duly adopted this 14 day of August, 2006, by the following vote: AYES : Mr. Sanford, Mr. Brewer, Mr. Stec, Mr. Boor NOES : None ABSENT : Mr. Strough