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Home My WebLink About6. D (1) SBHIP loan/grant 909 Sancome Ave.~ ~ ~ i~ 1200 COUNTY-CITY BUILDING 227 W. JEFFERSON BOULEVARD SOUTH BEND, INDIANA 46601-1830 PHONE 574/ 235-9371 FAx 574/235-9021 TDD 574/ 235-5567 CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR COMMUNITY ~ ECONOMIC DEVELOPMENT JEFFREY V. GIBNEY EYECUTIVE DIRECTOR February 22, 2011 To: Redevelopment Commissioners From: Kaye Trowbridge, Community Development RE: Type of Loan Amount of Loan Request Grant Loan Client Property Street Address Property City, State, Zip Code South Bend Home Improvement Program 3 150.00 3 000.67 Gloria E. Sharp 909 Sancome Avenue South Bend, IN 46628 We are submitting for your review and approval the above application. This transmittal includes the following: 1. Final Application 2. Contractor's Bids- Gnoth Naragon 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 HC PROGRAM f:\users\sha~c~\transmit DONALD E. INKS MANAGEMENT 574/235-9660 574/235-9371 ELizAeeTe LEONARD I'AX: 574!235-9697 574/235-9371 1200 COUNTY-CITY BUILDING 227 W. JEFFERSON BOULEVARD SOUTH BEND, INDIANA 46601-I$3O D. Amount of Mortgages Being Refinanced E. TOTAL (sum of lines 1A 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) CITY OF SOU'I"H BEND STEPHEN J. LUECKE, MAYOR COMMUNITY ~L ECONOMIC DEVELOPMENT JEFFREY V. GIBNEY EXECUTIVE DIRECTOR Community Development SOUTH BEND HOME IMPROVEMENT PROGRAM Loan Application Applicant's Name Gloria E. Share 909 Sancome Avenue South Bend, IN 46628 50 Name Address City/State/Zip Age Co-Applicant's Name South Bend, IN _ Name Address City/State/Zip Age PLEASE NOTE: Hereafter Individual and joint applicants will be referred to as the "applicant". Age of Dependents: _ _ _ _ _ Total Number of Dependents: 0 PROTECTED LOAN TOTAL 1. Rehabilitation Cost A. Amount for Construction Work $5,455.33 B. Unexpected Costs (10% of line lA) $546.00 C. Title Report, Recording Fees Credit Report, Legal Fees, etc. $146.00 2. 3. 4. Age of Structure Remaining Economic Life "As-Is" Value lE $6,147.33 $3,000.67 2C $3,000.66 3 $3.146.67 $ 3.1 ~ 0.00 $52.50 "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 PHONE 574/ 235-9371 FAx 574/235-9021 TDD 574/ 235-5567 $471.86 $53.00 $468.00 $2,494.60 $992.86 $1,501.74 COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL SC PROGRAM PAAIELA C. MEYER DONALD E. INKS MANAGEMENT 574/235-9660 574/235-9371 ELIZABETH LEONARD FAX: 574!235-9697 574/235-9371 12/1612010 10:23 5742873793 GNOTH AND NARAGON PAGE 03/04 J 200 CouN~rv-Ca-n ~UILDINC. 2271Y! JEFFERSON BnULEVAItU SuvrH Berry, INnu;~A 4GG01-1830 PHONF574/,235-937 FAx 5741235-9021 TD,D 5741235-55G7 CITY OF SOUTH BENT Sre!'xFN j. r-VFCKE, MnYOR COMMUNITY ~ ECaNAMIC DEVELaPN,IENT JEFFR);Y Y, GIBNEY k.XF.C~JTiVE DIAECTCIA ~ivisioaa of Community Development Property Address: 909 Sancome Ave Property Owners: Gloria Sharo Z82-2858 Tue,~,-Fri.lVlornings 288-ooh After x,;30 Date: Dec~bex 1, 2010 Zxzspector: 1e#gYovng ~ ~ fay ~,. Pxogram:~a~1e Repur& ~~velment Program did S ec>Eficat~ons F'urrtace: (See Attached Minimum Bid S,~ecificatior!) 1. ~ ~ SS's ~~ InstaII new xnitlilnuln 95% a llcient gas fired forced azx furnace arzd 13 seer central air ~onditioningunit appropriately sized fox homes heating requirements. Installation to include zteeded new wiring, Energy Star Rated setback ermostat or a~proY~ equal, duet work, condensing unit, coil, refrigerant lanes, cundensat~~n evacuation ~~,t~]p, I'VC exhaust duct aztd e~erior eorz~lbustion air intake, and carbon zxxonoxide detectoz to efficiently heat atad cool the home. Contractor shall check supply and return duct work fox blockage or restrictions, and be responsible for proper operation and or replacement if needed; all suppl duck js~jnts are to be sealed XQ.pxevent air leaks. Installation shall conform to local codes. Remove and haul away old furnace, duct work, and debris. Plumbsng: Z- ~ 2 bQ r Q~Remove existing electric water heater. azzd haul from site. Install new X10 galloxl power Direct Vent gas water heater with minimum 6 year manufactures warranty, installation is to include PVC side wall vent pipe. Water hearer s11a11 include new shut off valves on hot and cold water lines, pressuze relief valve axAd copper or galvanized drain pipe installed within 6@ of concrete floor. Installatioxl shall include all hardware and needed electrical circuitry fox proper installation and function. Replace or Repair a1I needed ;Fzttiz~gs, pipe, supply, azld return lines $~'"~~~~ 33 TOTAL Company Name: ~ nQ"~ ~ ~ d`~-Q~1'1 Date: lr~-rI ~ ~ l ~ COhtMUNl7Y DEVbLl7!'MKNI' ECONOMIC DtvEwFMEhT FINA'NrC.L-4,L & PftOGRAhf PAMELA C. MEZ'FA yONALO ~. INKE MANAGFASCNT 874/235-9GG0 5741135-9371 LL~zAesrH LE4NARP FAX: 57t~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 Gloria E. Sharp Owner ,residing at 909 Sancome Avenue, South Bend, IN 46628. 1. Owner has entered into an agreement with City of South Bend- Redevelopment Commission dated February 22, 2011 for a Home Improvement Loan in the amount of Three Thousand One Hundred Fifty 8v 00/ 100 ($3,150.00) to be used for the sole purpose of rehabilitating the premises commonly known as 909 Sancome Avenue, South Bend, IN, 46628 and more fully described as: Lot 18 So Bend Apt Bldg Corp 2. Owner has entered into an Agreement for Rehabilitation of Real Property dated with Gnoth Naragon (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 22nd day of February, 2011. OWNER City of South Bend -Redevelopment Commission Gloria E. Sharp STATE OF INDIANA ) SS: ST. JOSEPH COUNTY ) Before me a Notary Public, personally appeared and acknowledge execution of the foregoing agreement this 22nd day of February, 2011. 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 Gloria E. Sharp and acknowledge execution of the foregoing agreement this day of , 2011. My Commission Expires: February 6, 2016 Kaye Trowbridge -Notary Public Residing in St. Joseph County, Indiana