6B(1) Loan and Grant Application

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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 Delphine R. Poe Owner ,residing at 1310 Chalfant Street, South Bend, IN 46617. 1. Owner has entered into an agreement with City of South Bend- Redevelopment Commission dated July 23, 2010 for a Home Improvement Loan in the amount of Three Thousand Eight Hundred 8s 00/ 100 ($3 800.OO~to be used for the sole purpose of rehabilitating the premises commonly known as 1310 Chalfant Street, South Bend, IN, 46617 and more full described as: Lot 159 Park Pl 2°d Add dated 2 Owner has entered into an Agreement for Rehabilitation of Real Property with BSR Roofing (Contractor) for the rehabilitation of said premise. 3. Owner 8a 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 8a 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.