568.2006
RESOLUTION APPROVING REVISION TO A COMMUNITY DEVELOPMENT BLOCK
GRANT AND A HOUSING REHABILITATION LOAN FOR CASE #5423IN CONNECTION
WITH THE TOWN OF QUEENSBURY HOUSING REHABILITATION PROGRAM
RESOLUTION NO.: 568, 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 Program
which provides grants up to 100% of the cost of eligible rehabilitation, up to a maximum of
$20,000 per unit whichever is less, and
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 #5423 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
, the property rehabilitation specifications have been revised to include
additional work, and
WHEREASTwenty one thousand
, the low bid cost to complete the work specified is
two hundred fifty dollars and no cents ($21,2500.00)
, and
WHEREAS,
by Resolution 485,2006 the Town of Queensbury has previously approved
a Community Development Block Grant for a single family property Case File #5423 in the
amount of Seven thousand eight hundred fifty dollars ($7,850), and
WHEREAS
, by Resolution 484, 2006 the Town of Queensbury has previously approved
an Affordable Home Ownership Development grant for a single family property Case File #5423
in the amount of Ten thousand dollars ($10,000), and
WHEREAS
, Shelter Planning & Development, Inc. has overseen the grant process and
has verified that it has been followed in this case and recommends amending the CDBG grant
and approving a deferred loan, and
WHEREAS
, the property owner will enter into a 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, and
WHEREAS
, a lien will be filed against the property for the benefit of the Town for a
period of five (5) years from the completion of the rehabilitation.
NOW THEREFORE BE IT RESOLVED
that the Town of Queensbury approves a
5423 One thousand two
rehabilitation loan for Case File #, in an amount not to exceed
hundred fifty dollars and no cents ($1,250.00)
and approves a Community Development
Ten thousand dollars and no cents ($10,000.00)
Block Grant in the amount not to exceed
and
authorizes and directs either the Town Supervisor or Town of Queensbury Executive
Director of Community Development to execute the necessary Grant Award and Loan
agreements and take such other and further action as may be necessary to effectuate the terms
of this Resolution.
BE IT FURTHER RESOLVED
that the Town of Queensbury, and a
th
20 November, 2006
Duly adopted this day of , by the following vote:
AYES: Mr. Brewer, Mr. Stec, Mr. Boor, Mr. Sanford, Mr. Strough
NOES: None
ABSENT: None