Title
Resolution to Approve Housing Rehabilitation Agreement with Malloria Miller for 1124 N. Maple Street ($34,494.00 CDBG Funds)
Memorandum
Attached for your review and approval is a resolution to approve a Housing Rehabilitation Agreement with Malloria Miller to complete rehabilitation assistance to her home at 1124 N. Maple Street. This low income single-person household applied for emergency assistance in May 31, 2007 and is eligible for a deferred loan. The City will address the following housing rehabilitation work on their home: replacement of the roof, windows, and siding; insulation of the attic and interior walls; furnace and water heater replacement; and new flooring throughout the home.
On November 1, 2007, the Office of Community Development received five (5) bids for the rehabilitation work. The lowest qualified bid was submitted by J&S Properties with a base bid amount of $31,359, to which a 10% contingency of $3,135 was added, bringing the total contract amount to $34,494. The $34,494 in CDBG Funds will be provided in the form of a 0% 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 Development staff recommend that City Council approve the Housing Rehabilitation Agreement with Malloria Miller in the amount of $34,494 in CDBG funds as a 0% deferred payment loan for improvements to her home at 1124 N. Maple Street.
Staff
Prepared by: Damon Thompson, Interim Community Development Director
Reviewed by: Jayne Miller, Community Services Administrator
Body
Whereas, An application was received from Malloria Miller for rehabilitation assistance for her home located at 1124 N. Maple Street;
Whereas, The homeowner meets the City's criteria for participation in the Housing Rehabilitation Program;
Whereas, Five (5) ...
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