6C(1) Loan and Grant South Bend Home Improvement Loan Program

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AGREEMENT FOR SUPERVISION OF REAL PROPERTY REHABILITATION This Agreement is entered into by and between the City of South Bend Redevelopment Commission and Eliza Boyd Owner ,residing at 1207 W. Thomas Street, South Bend, IN 46601 and Teresa Boyd residing at 627 Fourth Avenue, Terre Haute, IN 47807. 1. Owner has entered into an agreement with City of South Bend- Redevelopment Commission dated May 21, 2010 for a Home Improvement Loan in the amount of Three Thousand Nine Hundred 8v 00 / 100 ($3,900.OOLto be used for the sole purpose of rehabilitating the premises commonly 1207 W. Thomas, South Bend, IN, 46601 and more full described as: Lot 37 Commissioners Sub Div Bank Out Lots 85 & 86 2. Owner has entered into an Agreement for Rehabilitation of Real Property dated with Tri-M Construction 8s Gnoth Nara~on (Contractor) for the rehabilitation of said premise. 3. Owner 8s Commission hereby authorizes the Division of Community Development to monitor and inspect the rehabilitation work, to approve or disapprove Contractor's performance, to approve or disapprove proposed changes, to issue stop work orders when Supervisor determines that such action is in the Owner's best interest and to perform all other acts necessary to insure that Contractor fulfills its obligations under the Agreement for Rehabilitation of Real Property, including all terms and conditions thereof. 4. Owner 8s Commission hereby authorizes the Supervisor to disburse the proceeds of Owner's Home Improvement Loan to pay the costs of rehabilitation performed at the above described premises, pursuant to the Agreement for Rehabilitation of Real Property. Disbursement of said loan proceeds shall be made pursuant to the terms and conditions of said Agreement for Rehabilitation of Real Property.