431.2006
RESOLUTION AMENDING GRANT AWARD FOR CASE FILE #5345 IN
CONNECTION WITH TOWN HOUSING REHABILITATION PROGRAM
RESOLUTION NO.: 431, 2006
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
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 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, property rehabilitation specifications have been revised to include additional
work and the revised cost to complete the work is Twenty one thousand five hundred ninety
dollars and no cents ($21,590.00), and
WHEREAS, by Town Board Resolution No.: 377,2006, the property has been approved
for a grant for Twenty thousand dollars and no cents ($20,000.00) through the Housing
Rehabilitation Program, and by Town Board Resolution No.: 378,2006, was previously
approved for a rehabilitation loan in the amount of Four hundred dollars and no cents ($400.00),
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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 deferred loan,
and
WHEREAS, the property owner will enter into a Revised 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 Queensbury Town Board hereby approves a revised rehabilitation
loan for Case File #5345, in an amount not to exceedOne thousand five hundred ninety dollars
and no cents ($1,590.00) 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.
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Duly adopted this 11 day of September, 2006, by the following vote:
AYES: Mr. Brewer, Mr. Stec, Mr. Boor, Mr. Sanford, Mr. Strough
NOES: None
ABSENT:None
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