589.2006
RESOLUTION APPROVING GRANT AWARDS AND DEFERRED LOAN
FOR CASE #5427IN CONNECTION WITH TOWN OF QUEENSBURY
HOUSING REHABILITATION PROGRAM
RESOLUTION NO.:589, 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 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 Affordable
Housing Corporation Affordable Home Ownership Development (AHOD) and the New York State
Governor’s Office for Small Cities Community Development Block Grant (CDBG) programs to
cover eligible project costs, and
WHEREAS, the Town of Queensbury has also 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 #5427has been determined to be eligible for
rehabilitation grant assistance and a loan through the Housing Rehabilitation Loan Program and the
owner of the property has requested such assistance and 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 one thousand six
hundred seventy five dollars and no cents ($21,675.00), 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 these grants and
loan, 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,
WHEREAS, the property owner will enter into a Loan Agreement with the Town of
Queensbury which will be filed 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 Town of Queensbury approves the following grants for Case File
#5427, Queensbury, New York:
Ten thousand dollars and no
a)An AHOD Grant in the amount not to exceed:
cents ($10,000.00)
, and
Ten thousand dollars and no cents
b)A CDBG Grant in the amount not to exceed:
($10,000.00).
and
BE IT FURTHER,
RESOLVED, that the Town of Queensbury approves a rehabilitation loan for Case File
#5427, in an amount not to exceedOne thousand six hundred seventy five dollars and no cents
,
($1,675.00)and
BE IT FURTHER,
RESOLVED, that the Town Board authorizes and directs either the Town Supervisor or
Town of Queensbury Executive Director of Community Development to execute Grant Award and
Loan agreements and take such other and further action as may be necessary to effectuate the terms
of this Resolution.
th
Duly adopted this 4 day of December, 2006, by the following vote:
AYES: Mr. Stec, Mr. Boor, Mr. Sanford, Mr. Strough, Mr. Brewer
NOES: None
ABSENT:None