Title
Resolution to Approve Housing Rehabilitation Agreement with Mark Wells at 14 Englewood Ct. ($39,551.00 CDBG Funds)
Memorandum
Attached for your review and approval is a resolution to approve a Housing Rehabilitation Agreement with Mark Wells to complete rehabilitation assistance to his home at 14 Englewood Ct.
This income-eligible applicant in the Bryant neighborhood initially contacted Community Development in May, 2009 for assistance with exterior repairs to the property including the foundation, roof, and siding. The application for assistance was processed and approved by Community Development in July, 2009. The City will address the following housing rehabilitation work on this property: pour a new driveway, replace broken sidewalk slabs, install a new energy-efficient entrance door, replace entrance light fixtures, install new gutters and downspouts, install a new crawlspace ventilator system and increase crawlspace Insulation, replace vinyl siding on the entire house, insect extermination, repair drywall throughout the house, replace kitchen stove and range hood, replace base cabinets and counter top in kitchen, replace underlayment and vinyl flooring in kitchen, install new bathroom vanity, bathtub, and toilet, repair plumbing in the bathroom and increase attic insulation to R-38.
On December 22, 2009, the Office of Community Development received three (3) bids for the housing rehabilitation project. The lowest bid amount was submitted by Peters Building Company with a base bid of $35,955.00 to which a 10% contingency of $3,596.00 was added, bringing the total amount to $39,551.00. The $39,551.00 in CDBG funds will be provided in the form of a 2% simple interest, deferred payment loan to be repaid in full after 30 years or at the time the property changes ownership either by sale, gift, mortgage, land contract, conversion to rental property, inheritance or change of the use of the property from a single-family residence.
Community Developm...
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