RM 08-06-76 - Laserfiche WebLink

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6. NEW 6USINESS (Cont'd On the question asked by Mr. Wayne Doolittle, WSBT -TV Reporter, if there is any maximum on the income, Mr. Crighton advised that technically there is not, but practically there is. We have to follow the 221(d)3 which is considered the moderate income. Priority applications are given to persons whose income falls within that level. It is a scaled income based on, he stated he believed, $10,000 for one person living alone, up to $18,000 per family of nine. It is considered median income. FHA uses approxi- mately the same standards. On the question by Ms. Derbeck, if more people would have been eli- gible for the program if more money was available, Mr. Crighton advised there was money for the program; the question was time. This is a very time consuming program and we just didn't have enough time to get all the applications in that we could have. Had we had another three or four months, we probably would have done better. There may be a possibility of additional funding for the same type of program next year. On motion by Mr. Wiggins, seconded by Mr. Donaldson and carried, the above - listed 312 loan applications were approved. C. Resolution No. 528: This Resolution authorizes the execution of RESOLUTION the Redevelopment Agreement for the disposition of land and execu- NO. 528 tion of Quit Claim Deed for the transfer of title thereto in connec- ADOPTED, tion with land to be disposed of in the LaSalle Park Urban Renewal R -57 Project, Indiana R -57, for Parcel Nos. 5 -5 and west 24 feet of Parcel 5 -4 on Holland Street, to Ivan C. Bobo, in amount of $540.00. Motion for approval of this conveyance was made by Mr. Robinson, seconded by Mr. Wiggins and carried, and Resolution No. 528 was adopted. d. Change Order No. 4 to Rehabilitation Contract No. 16, Southeast CHANGE Code Enforcement Project E -7: Approval was requested of this ORDER 4 Change Order, for an increase in contract amount of $277.00, TO REHAB. with Ted Combs Decorating & Construction Company, (Contract: CONTRACT $7,722.69), or an amended contract total of $7,999.69, with 16 APPROVED, contract time unchanged, for rehabilitation work at: 1121 South E -7 Carroll Street, in the Southeast Code Enforcement Project E -7. Because of unresolved differences between the homeowner and Mr. Combs, Slatile Roofing and Sheet Metal Company is finishing the contract. The contract price of $1,570.00 with Slatile is being increased $277.00 for the replacement of the basement stairs. This item, while conforming on the original inspection, has deteriorated to the point where the possibility of a safety hazard could occur if replacement of basement stairway is not made. Opinion had been received from Mr. Butler, Commission Legal Counsel, whereby the contract amount could be increased for any work not included on the original specifications up to $8,000 limit. The homeowner had wanted other items completed which ran over the $8,000 limit, and a determination was made that any of the items that were critical in terms of health and safety should be taken care of.