HomeMy WebLinkAbout1983-02-28 83-102 ORDER83-102
Introduced by CounCiler Gere, February 28, 1983
CITY OF BANGOR
(TITLE.) �CiYRCa....._^m.�"diOa co®,nity Development.property Rehbiutatipn
.. .w.en progran
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Hy etas m amseml of Ma Cite of Basler.
OBDERFD,
THAT; " __S Tb6-City. of Bangor Community Development Property
Repabilitation loan prgram approved anus adopted by passage of Council Order
b2-229 On September 13, 1982 be amended as follows:
Section G.l.a: (23).- "Processing need. Submissions for s Rehbili-
tatioa wan"
(23) Ass®ble Soar application file for presentation to
the Bemmahsty-Bsi'alsgmemt: Finance Committee of the
City C4unc21 for aonsideTation. The 6essmaelty
Bevedspaa5 Finance Committee of the City Council
shsl.L,consider and approve or disapprove all property
rehabilitation loan applications, and shall decide
all questions concerning eligibility for said program,
including11questions as to possible conflict of
interest.
Section I.5.0. (7) - "Transfer of the Property"
(7) No repayment of the deferred loan is required in the
following instances: (1) upon the transfer of the
Property by inheritance to an heir vho, at the time of
transfer, is an eligible applicant and the heir retains
ownership for the remainder of the five year period
Subsequent to the date of loch closing, or (2) upon a
determination by the Finance
Committee that reImoment would constitute an u_
ble financial hardship to the applicant. In such case,
the applicant shell have the burden of d®onstrating
the alleged financial hardship to the satisfaction of
the Committee.
Section N.7.a. - "Selection of Successful Bidder"
a. Number of Bids. 17r3er formal advertising, a bid and proposal
from at least two contractors must be received before selection
is made. If formal advertising does not produce two bids,
and the bid received is acceptable, the 9e®sniEy-Bevelelsen6
Finance Committee of the City Council may authorize the
selection of the single bidder.
Section s.B.b. - "Award of Construction Contract"
b. Contract Awarded After been Approved. The contract award
stall be meds only after the loan has been approved by the
6eaae3Ey-Bevepepmenk Finance C®ittee of the City Council.
Section Q - "Igen Approval"
The Ba®va4ky-Beve3ebneat Finance Comoittee of the City Council
.shell consider and approve or"disapprove all property rebudilita-
tion loin applicationss.vd shall decide all questions concerning
eligibility for said program including all questions as to
possible conflicts of interest.
Section A - 'lean Servicing"
Property Rehabilitation been servicing involving the collection
of land repayments shellbe the respansilility a the Department
end shall be ecc®pllehed through the pemmrm}Ey-Beeele�ent
Finance Committee a the City of Hanger with the exception that a
local financial institution may be contracted with Por the
eocompliahment
of Lem servicing i£ mtkorised by Separate Order
of the City Council.
STATcMEAT OF FACT: The purpose of this Order'Ss'to transfer the authority and
responsibilities a the City council Community Develoiaent
Committee under the Community bevelpmentProperty
Rehabilitation been Program to-rcha City Council Finance
Committee. Additions are underlined ani deletions are
st'eaek-eat. �—
83-102
0R➢ER
In City counsil Febrosry 28,1983.
vote to refer to Community developmenfitle,
ccrmSttee consider net meeting C�numt n velo wt .
FAiled Vote b No 3 Yes .••....•........ Y..e...• .•••••••• CIT
:::....
Voting No Cox,➢avis,Gass, i Property Rebabilitatlw S.oan Program
Jordan, Souc),Weymautb
Voting Yes Broxm, Fre=es sl ,dlley
Motion for passage vote 5 yes ed by
4 No voting yes Davis P ankel , -
Gas,Sousy,ftmoutb, Cow iLmen
Voting W Brawn,Cax,Jordan,
Willey
C ty Clerk