HomeMy WebLinkAbout1990-12-26 91-41 ORDERLAUH
Date December6
4, 1% Item No. 91-41
IteMSubjett: stranding Community Development Residential Rehabilitation Loan
Program, Policies and Procedures
Responsible Department
Community and Economic Development
Commentary: - -
Loan applications under the Community Development Residential Rehabilita-
tion hose Program are currently r ewed and approved by the Finance Committee
under authorisation from the e
the CityCouncil. home applications more, at one
time, considered and approved by the Community Development Committee. However,
since the Community Development Committee did not meet on regular basis, loan
approval authority was transferred to the Finance Committee which met much more
frequently alloains loans to be Processed on a more timely basis.
Hoa that the Community add Economic Development Committee meta on the
mregular basis as the Finance Committee, the staff i recommending that
consideration of all Community Developmentrelateditems, including authority
toconsider loan applications under the. Community Development Residential
Rehabilitation Loan Program, be consolidated with the Community and Ecomaric
Development Committee, -
Thin item was considered by the Community and Economic Development
Committee at its meeting on December 3rd which recommends approv 1 by tM1e
City Council.
farlmenf Hews
Manager's Comments:
L4
ciryMawge. _
Associated Information:
Budget Approval:N A—
Finance Director -
legal APprowal:
ciy Sasebo,
Introduced For
M a naq
❑ First Reading page t of�—
❑ Referral
91-41
Aedgned b CouncBw Bragg, December 26, 1990
CITY OF BANGOR
Amending Coimsunity Development Residential
;Rehabilitation Loan Program, Policies and Procedures
By she My CouneU 004 City ofB2200r.,
ORDERED.
THAT the City of Bangor Cosmiunity Development Residential
Rehabilitation Loan Program approved and adopted by passage of
Council Order 82-229 on Septembex 13, 19820 as amended, be further
amended as follows:
Section G.l.a. (23) - "Processing Rod Submissions for a
Rehabilitation Loan"
(23) Assemble loan application file for presentation to
the #iiaew:e-Co:mnunity and Economic Development
Committee of the City Council for consideration
when appropriate. The FJ.mampe-Co:amlty and
Economic Develownent Coanittee of the City Council
shall consider and approve or disapprove all
property rehabilitation loan applications and
shall decide all questions concerning eligibility
for said progxam, Including all questions as to
possible conflict of interest.
Section N.).a. - "Selection of Successful Bidder"
a. ^Number of Side.- under formal advertising, bide
from at least two contractors must be received
before selection is 'made. If formal advertising
does not produce two bide, and the bidreceivedis
acceptable, the d+dnanca Community and Summit
Development Cossittee of the City Council may
authorize the selection of the single bidder. If
no bids are received under formal advertising, the
construction contract may be negotiated with one
or more prospective bidders to obtain a bid
acceptable to both the property owner and the
Division. In such situation, the negotiated
construction contract moat be reviewed and
approved by the 41LCommunity and Economic
Development Committee.
91-41
Section N.8.b. - 'Award of Construction Contract"
b. "Contract Awarded After Loan Approval." The
contract award shall be made only after the loan
has been approved by the Fisaace-Community and
Economic Development Committee of the City
Council, as appropriate.
Section Q. - "Loan Approval"
The Finance -Community and Economic Develomment
Committee of the City Council shall consider and
approve or disapprove all residential rehabili-
tation loan applications and shall decide all
questions concerning eligibility for said program
including all questions as to possible conflicts
of interest.
STATEMENT OF FACT: The purpcee of this Order is to transfer the
authority and responsibilities of the City
Council Finance Committee under the Community
Development Residential Rehabilitation Loan
Program to the City Council Community and
Economic Development Committee. Additions
are underlined and deletions are strack-eat.
91-41
ORDER
IN CITY COUNCIL - Title,
December 26, 1990
Passed Amending Commonit Develo meat Re aidencial
Y....... F.....
CC Rebabilitation Loan Program, Policies and Procedures
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