6.C.(2) SB Home Improvement Loan

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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 Eugene E. Paczkowski and Mary F. Paczkowski j~y~~~f~:.r , residing at 4561 S. ironwood Road, South Bend, IN 46614. 1. Owner has entered into an agreement with City of South Bend- Redevelopment Commission dated February 6, 2009 for a Home Improvement Loan in the amount of Four Thousand One Hundred & 00 / 100 ($4,100.00Lto be used for the sole purpose of rehabilitating the premises commonly 4561 S. Ironwood Road, South Bend, IN, 46614 and more full described as: 96x403.5' Ne Nc; Se .889 Ae Sec 30 37 3c Annexed Fr 1-1019-042504 2. Owner has entered into an Agreement for Rehabilitation of Real Property dated with Ashton Construction, Gnoth Naragon, Mom~er (Contractors) for the rehabilitation of said premise. 3. Owner 8e 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 8b 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.