Title
Resolution to Approve Housing Rehabilitation Agreement with Cynthia Scott for 1108 Miner Street ($30,228.00 CDBG Funds)
Memorandum
Attached for your review and approval is a resolution to approve a Housing Rehabilitation Agreement with Cynthia Scott to complete rehabilitation assistance to her home at 1108 Miner Street. This low income two-person household applied for emergency assistance in September 6, 2007 and is eligible for a deferred loan. The City will address the following housing rehabilitation work on her home: exterior electrical (weatherproof receptacle, flood light, meter socket), concrete repair, guard rail repair, vinyl siding and aluminum trim, window replacement, plumbing repair, foundation work, regrade foundation, installation of a new water heater, insulation increase to R-38, and rewiring the electrical system in the house to code.
On November 1, 2007, the Office of Community Development received seven (7) bids to complete this rehabilitation work. The lowest bid amount was submitted by Hartman Construction with a base bid of $27,480, to which a 10% contingency of $2,748 was added, bringing the total amount to $30,228. The $30,228 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 recommends that City Council approve the Housing Rehabilitation Agreement with Cynthia Scott in the amount of $30,228 in CDBG funds as a 0% deferred payment loan for improvements to her home at 1108 Miner Street.
Staff
Prepared by: Damon Thompson, Interim Community Development Director
Reviewed by: Jayne Miller, Community Services Administrator
Body
Whereas, An application was received from Cynthia Scott for rehabilitation assistance for her home locate...
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