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Home My WebLink About6B(1) Loan and Grant Application~ ~ C ~~ 1200 C,oUN'I'Y-CITY BUILDING 227 W. ,JEFFERSON BOULEVARD SovTt1 BENn, INnIANA 46601-1830 PxoNE574/235-9371 FAx 574/235-902I TDD 574/ 235-5567 CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR COMMUNITY HL ECONOMIC DEVELOPMENT JEFFREY V. GIBNEY EXECUTIVE DIRECTOR July 23, 2010 To: Redevelopment Commissioners From: Kaye Trowbridge, Community Development RE: Type of Loan South Bend Home Improvement Program Amount of Loan Request Grant Loan Client Property Street Address Property City, State, Zip Code 3 800.00 3 630.00 Delphine R. Poe 1310 Chalfant Street South Bend IN 46617 We are submitting for your review and approval the above application. This transmittal includes the following: 1. Final Application 2. Contractor's Bids- BSR Roofing 3. Agreement for Supervision If you have any questions, please contact me at 235-9660. APPROVED Donald Inks Director Department of Redevelopment COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL HL PROGRAM PAM A MEYER DONALD E. INKS MANAGEMENT f:\users\shar~cl~e\transmit 574/235-9371 ELIZABETH LEONARD FAX: 574/235-9697 574/235-9371 1200 COUNTY-CITY BUILDING 227 W. JEFFERSON BOULEVARD SOUTH BEND, INDIANA 46601-1830 Total Number of Dependents: 1. CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR COMMUNITY ~L ECONOMIC DEVELOPMENT ,JEFFREY V. GIBNEY EXECUTNE DIRECTOR Community Development SOUTH BEND HOME IMPROVEMENT PROGRAM Loan Application Applicant's Name Delphine R. Poe 1310 Chalfant Street South Bend, IN 46617 41 Name Address City/State/Zip Age Co-Applicant's Name South Bend, IN _ Name Address City/State/Zip Age PEASE NOTE: Hereafter Individual and joint,applicants will be referred to as the"applicant". Age of Dependents: 1 PROJECTED LOAN TOTAL 1. Rehabilitation Cost A. Amount for Construction Work $6,600.00 B. Unexpected Costs (10% of line 1A) $660.00 C. Title Report, Recording Fees Credit Report, Legal Fees, etc. $123.00 2. 3. 4. D. Amount of Mortgages Being Refinanced E. TOTAL (sum of lines lA through 1D) Funds to be Furnished From Other Sources A. Grant Funds To Be Furnished (SBHIP grant) B. Other Funds To Be Furnished ( ) C. TOTAL (line 2A+2B) Line lE Minus Line 2C TOTAL AMOUNT OF APPLIED LOAN (line 3 rounded to the next highest $50) Interest Rate Per Annum 0% Number of Months 60 Monthly Payments of Principal and Interest (Do not round) Age of Structure Remaining Economic Life "As-Is" Value 1E $7,383.00 $3,630.00 2C $3,630.00 3 __$3,753.00 $3,800.00 $63.33 "After Rehab" Value 1. Total Gross Monthly Income 2. Monthly Housing Expense 3. Liabilities 4. Total Monthly Fixed Charges 5. TOTAL (lines 2, 3 & 4) Balance (line 1 minus line 5) TOTAL LOAN PAYMENTS PxoNE574/235-9371 FAx 574/235-9021 TDD 574/ 235-5567 $676.13 $251.00 $1,523.08 $2,781.26 $2,450.21 $331.05 COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM PAMELA C. MEYER DONALD E. INKS MANAGEMENT 574!235-9660 574/235-9371 ELIZABETH LEONARD FAX; 574/235-9697 574/235-9371 $_ ~~~ot ~~ ~~, ~ ~ 1200t:our~~n-Ctrr$triLnir:c ~ \ ~ l~ Pxoxe574123~-9371 ~ ~~ . !: d Fnx 574/ 235-9021. _ ~27~.JEFPEkSON-BOULEYr1Rll ~ .. ~~pE_~~E ~ S~vr~r Boo, INDIANA 4GG01-1830 ~ ~ ~ ~~~~; ' } TDD 5741235-55G7 ' ~r~)r ~.\Y y - CITY OF SOUTF-T BEN1~ S~~i ~•7 IEN ~. LUECKE, MAYOR COMMUNITY' ~; ~CONOMIC DEVELOPMENT - JEFFREY V. GIBNEY EXECUTIVE DIRbCTOR Property Address: 1310 Chalfant (~ PropertyOwiiers: .. Delyhine Poe 287=2638 Date:. M'a` 21.20:10 Inspector: Jeff I:ouri~ Program: Horne Repair& Irnprovernent Program Roaf House, b:•eezeway &Garage) l ~ ~5 $~~ `~ ~ Tear-off all roof coverings down to bare wood deck on all surfaces, Replace ar repair all deteriorated framing members and sheeting. On all areas install 7/16" OSB sheathing over decking fo provide level and adequate nailing surface for new roofing; then with new "TITANIUM-UDL" Synthetic Roof. Underlayment orapproued equal,,premum (1-I/2") metal drip edge along all roof edges, appropriate pipe boots and Owens Corning or Cora-Vent brand corrugated vinyl roof ridge vent for proper attic ventilation,. needed~transitionflashing, step and counter flashing atvertical transitions. Install Ice& WaferC~ shield along roof eaves and in valleys.. Install 235-2401b. Oakridge dimensional, or GAF Timberline dimensional or approved equal on all pitched roof surfaces and Liberty SBS'Self-Adhering roof system using the 2-.ply- installation method or a one ply. EPDM rubberized roof system or an approved equal on low slope areas. Cap shingles are: to bean exact color-::match and are to be manrifacfnre~ bythe same company as shingles. Gutters.•,~ouse breezeivky & Garage) 3~ C ~ ~ Q ~ ~ ~ Furnish and install new white or brown .027 ga. aluminum seamless gutters and downspouls on home and garage. Gutters and downspouts shall be hung and secured in a manner that effectively carries away storm water. Down spouts shall'be installed so all gutters are serviced by at least one: InstalDrninilnum 60" downspout extension with.elbows'at terminal ends of each downspout, all are to extend at least to lawn areas. Cover all with new,rnetal leaf ug and (,expanded~aluminum. 4' ections with rigid mounting flan~esl $,~+° OOH ®O TOTAL Col~ISsii~t•~DEVr;vlerrr EcotvoMtGDr~verorMerrr FNaxcuu.-& I'xosxnms ~PAAIBLA C: MEYER ~ DOhtALP~$. INKS IYIANAGEh4GNT 574/255-96G0 574/235.-9371 Ctiueeni LE~;Nnw FAXc 574!235-9G97 5741235-9371 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. Executed this 23rd day of July, 2010. OWNER City of South Bend -Redevelopment Commission Delphine R. Poe STATE OF INDIANA ) SS: ST. JOSEPH COUNTY ) Before me a Notary Public, personally appeared and acknowledge execution of the foregoing agreement this 23rd day of July, 2010. My Commission Expires: January 7, 2015 STATE OF INDIANA ) SS: ST. JOSEPH COUNTY ) Cheryl K. Phipps, Notary Public Residing in St. Joseph County, Indiana Before me a Notary Public, personally appeared__Delphine R. Poe and acknowledge execution of the foregoing agreement this day of , 2010. My Commission Expires: February 6, 2016 Kaye Trowbridge -Notary Public Residing in St. Joseph County, Indiana