6.C.(1) SB Home Improvement Loan

Home Browse Search

AGREEMENT FOR SUPERVISION OF REAL PROPERTY REHABILITATION This Agreement is entered into by and between the City of South Bend Redevelopment Commission and Debra A. Dickerson Owner ,residing at 3816 E.~astr~~ont Drive, South P€nd. IN 4b628. 1. Owner has entered into an agreement with City of South Bead- Redevelopment Commission dated February 6, 2009 for a Home Improvement Loan in the amount of Nine Thousand Nine Hundred Fifty 8s OOf 100 (~9,950.OO~to be used for the sole purpose of rehabilitating the premises commonly 3816 Eastmont Drive, South Bend, IN, 46628 and more full described as: Lot 162 Riverside Manor 2nd. Sec. 2. Owner has entered into an Agreement for Rehabilitation of Real Property dated with Tri-M Construction (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.