HomeMy WebLinkAbout6A(1)May 24, 2011
To: Redevelopment Commissioners
From: Kaye Trowbridge, Community Development
RE: Type of Loan South Bend Home Improvement Program
Amount of Loan Request $2,700.00
Grant $2,550.00
Loan Client Sharon James
Property Street Address 2010 S. Grant Street
Property City, State, Zip Code South Bend, IN 46613
We are submitting for your review and approval the above application. This transmittal includes
the following:
1. Final Application
2. Contractor's Bids- Ernsperger Cooling & Heating
3. Agreement for Supervision
If you have any questions, please contact me at 235 -9660.
APPROVED
Donald Inks
Director
Department of Redevelopment
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Community Development
SOUTH BEND HOME IMPROVEMENT PROGRAM
Loan Application
Applicant's Name Sharon James 2010 S. Grant Street
Name Address
South Bend, IN 46613 47
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: 22 _ _ _ _ Total Number of Dependents: 1
PROJECTED LOAN TOTAL
1. Rehabilitation Cost
A. Amount for Construction Work $5,100.00
B. Unexpected Costs (10% of line IA)
C. Title Report, Recording Fees
Credit Report, Legal Fees, etc. $146.00
D. Amount of Mortgages Being Refinanced
E. TOTAL (sum of lines lA through 1D)
2. 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)
3. Line lE Minus Line 2C
4. TOTAL AMOUNT OF APPLIED LOAN (line 3 rounded to the next highest $50)
Interest Rate Per Annum 0% Number of Months 48
Monthly Payments of Principal and Interest (Do not round)
Age of Structure Remaining Economic Life "As -Is" Value
TOTAL LOAN PAYMENTS
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)
1E $5,246.00
$2,550.00
2C $2,550.00
3 $2,696.00
$2,700.00
"After Rehab" Value
$762.00
$568.00
$804.81
$56.25
$2,790.70
$2,134.81
$655.89
1200 COUNTY -OTY BLUDwc
227 W ;JEFFERSON BOULEVARD
SourH BEND, INDIANA 46601 -1830
CITY of SOUTH BEND STEPHEN J. LUECKE, MAYOR
COMMUNITY & ECONOMIC DEVELO
JEFFREY V GrIBNEY
EXECUTIVE DIRECTOR
Division of Community Development
Property Address: 2610,S. Grant St
Property Owners: Sharon James 233- 7663(H) 310 -1568 (C)
Date: May 3, 2011
Inspector: Jeff Young
Program: Home Repair& Improvement Program
Bid Specifications
PHONE 574/235 -9371
FAx 574/235 -9021
TDD 574/ 235 -5567
ll � ti, l
Fu ace: _See Attached Minimum Bid Specification)
;
1. D. °Install new minimum 95% efficient (93 %+ counter flow) gas fired forced air furnace
and 13 seer central air conditionmg_un. appropriately sized for homes heating requirements.
Installation to include needed new wiring, Energy Star Rated setback thermostat or approved equal
(Note: allow elderly homeowners choice of traditional large screen thermostat), duct work,
condensing unit, coil, refrigerant lines, condensation evacuation pump, PVC exhaust duct and exterior
combustion air intake, and carbon monoxide detector to efficiently heat and cool the home.
Contractor shall check supply and return duct work for blockage or restrictions, and be responsible for
proper operation and or replacement if needed; all supply duct joints are to be sealed to prevent air
leaks. Installation shall conform to local codes. Remove and haul away old furnace, duct work, and
debris.
Plum ng,•
2. �• O�oRemove existing water heater and haul from site. Install new 40 gallon power Direct
Vent gas water heater with minimum 6 year manufactures warranty, installation is to include PVC
side wall vent pipe. Water heater shall include new shut off valves on hot and cold water lines,
pressure relief valve and copper or galvanized drain pipe installed within 6" of concrete floor.
Installation shall include all hardware and needed electrical circuitry for proper installation and
function.
Replace or repair all needed fittings, pipe, supply, and return lines
- BILL ERNSPERGER
Air Conditioning & Heating, Inc.
1829 Leer Street
m �° SOUTH BEND, INDIANA 46613.3024
$ - TOTAL Company Name: ::: -iii 2a;;63 Dater
COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM
PAaiELA C. MEYER DONALD E. INKS MANAGEMENT
574/235 -9660 5741235 -9371 ELIZABETH LEONARD
FAx: 5741235 -9697 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 Sharon James Owner , residing at 2010 S. Grant
Street, South Bend, IN 46613.
1. Owner has entered into an agreement with City of South Bend -
Redevelopment Commission dated May 24, 2011 for a Home Improvement Loan in
the amount of Two Thousand Seven Hundred 8s 067100 ($2,700.00) to be used for the
sole purpose of rehabilitating the premises commonly known as 2010 S. Grant Street,
South Bend, IN, 46613 and more full described as:
Lot 140 Whitemans 1" Add
2. Owner has entered into an Agreement for Rehabilitation of Real Property
dated with Ernsperger Cooling &s Heating (Contractor) for the
rehabilitation of said premise.
3. Owner & 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 & 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 24th day of May , 2011.
OWNER City of South Bend
- Redevelopment Commission
Sharon James
STATE OF INDIANA )
) SS:
ST. JOSEPH COUNTY )
Before me a Notary Public, personally appeared
this 24th day of Ma and acknowledge execution of the foregoing agreement
y, 2011.
Cheryl K. Phipps, Notary Public
Residing in St. Joseph
County, Indiana
My Commission Expires: January 7, 2015
STATE OF INDIANA
) SS:
ST. JOSEPH COUNTY )
Before me a Notary Public, personally appeared Sharon James 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
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