HomeMy WebLinkAbout1985 Ordinance No. 061OROINAOCE NO. {-I
SERI ES OF 198_5_
BY Alll'liOR!'l'Y
COU1'CIL BILL NO . 71
INTRODOCED BY COUOC IL
MEMB l':R BRADS HIIW
AN OROINA!C E GRANTlNG TO TliE ENGLEJ,/00D HOUSING AlJl'HORITY $50 ,000
FOR '!'HE ENGLEJ,/00D HOM E REHABIL l 1'ATION PROGRAM AND AMl:JIDING AN
AGREEMENT BE'IWEEN TllE CITY OF ENGLEl'/00D AND THE ENQ:.EJ,/OOD HOUSING
Alll'IIORITY r'OR /\0'1INlSTRATJON OF '!'HE H<ME REHABILl 'l'ATION PROGRAM .
WHEREAS , the City of Englewood has recei ve:l a Fifty 'l'nous a nd
Dollar ($50,000) grant Eron the Colorado Di vi s i on of Housing to
operating a housing rehabili tat ion prog r am ; and
WHE REAS , it is necessary to anend and clarify the ag reenent
bet"""'n the Housi ng !\uthori t y and the City o f Eng lewood concerning
the flo using Rehabilitation Pr ogram ;
NO.,, THEREFORE , BE !'I' ORDAINED BY 1'HE CITY COU t'l:IL OF THE
C!1 Y OF ENGLEl,00D , COLORADO :
Sec t i on l. '!h at the City of Englewood shall anend the agreanwt
under Ordinance No. 45 , Ser ies of 1984 , with the Housing Author ,ty
ti t l e:l "An Agreenent Betwe,e n '!he City Of Eng lewood And '!he
Engle"°od Housing Authority ~ar di ng '!he Policies Governing '!he
Ho using Rehabil itation Lo a n And Grant Pr0<Jram Of '!h e Englewood
Housing Authority (4 /84 ) ." Said anende:l agreenent is attache:l
hereto and incorporate:l herein by refer ence .
Section 2 . 'l'ne City of Eng lewood her e b y g r ants to the Englewood
Housing Authority the SlJll of Fifty '111ousand rr rs ($50 ,000) to be
used in acco rd ance with Appli ca tion Gran t under
24 -32 -70 5 C.R.S . 19 83 , as ame oo ed , a nd th ..,,eenent de sc ribed in
Section l hereof.
Sec tion 3 . All ordinances and resol uti ons in con (lict wi th the
foregoi ng are hereby r e peale:l .
Sect ion 4. 'l'ne City Cow1cil of th City of Eng lewood , Colo r ado ,
hE,r e byauthorizes the Kayor and the ex o ffi c io City Clerk-Tre dsur er
to sign and a ttest said anende:l agreanent on behalf of the City of
Engle"°cxl anu Ci ty Counci L.
Introduce:l , read in ful l , and passed on first r e ading on the
16th day of Septanber , 1985 .
PUblishod as a Bill for an ordina nce on the 18r.h ~"i of
September , 1985.
Read by title ard pa ssed on final reading on the 7th day of
Oc tober , 1985 .
PUblished by title as Ordinance No . {?_i , Seri e s of 1985 , on
the 9th day of October, 1985 .
&«,,?ff!;}&
0.JgL. Otis , Mayor
I , Gary R. Higbee, ex officio City Clerk-Treasur e r of the
City of Engle i.ood, Colorado , he reby certify that the above ard
foregoing is a true , accurate a rd canplete copy of the Ordinance
passed _ on final reading ard publ ished by ti tle as Ordinance
No . LL, Ser ies of 1985 .
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AN AGRE EMEN T DETW EEN 'l'J!C C lTY OF ENGLEWOOD AND TH E ENGL EW OO D HOUSI NG AUTHOR I TY
REGARDING THE POLICIES GOVERNlNG THE II OUS INr; RE HABILITATION LOA N AN D GRANT
P ROG RAM OF THE ENGLEWOO D HOU S lNG AUT HORI 1'Y (9 /85 ).
The Ci ty and the /\uthod ty .1qree as fo llo ws :
1 . The Englewood !lousing Authority , here in called the "Auth oiit~,"
t hro ugh i ts p ersonnel , or the personn e l of the Ci ty of Eng l ewoo d, herein
ca lle d the "City ", with the approval of t he City Manag e r , s ha l l be respon-
s ible for the execution of the !lousing Rehabilita tion Loan and Grant Program ,
he r e in cal l ed the "Pt·og ra.m ", in accordan c e with Colo r a do Divi s ion o f Housing
regul a tions .
The A11th m ily sh,ill turn o ver any u nused f und s to the City at the
end of t h e agi·ccmcm and ,~d:ninister the fu nds i n accor dan ce wi t h the Colorado
Divi s i o n o f Hous i.11<,1 p1oced,1res .
2 , App licetion for usistence whe ll b e firot o ubmitted to and approved
by the Autho rity under policie• o <l o p ted by the Authority .
3. Up on r eceip t of an upp l i c ation. the Authority sha ll cecse an in-
apection to b e made 01 t he a ppl i can t 'e re&idence end, if deemed nece,sary,
ohall:
a. Couse • d e toile d list and explanation to be made of
al l ect ions s nd ~ork r e q uired to el1 m1nntc o r re pai r
t h e condi t ion,-of t h e r eE 5•.~"nce \rlhich make it s u b-
GtandarC.
b . Csuse an C6timate of the cos t of ,uch repairs to
be ILBde,
c . O:it:ain su1f icien t doc um enta tion tha t t he ap plicant had
g oo d title to said r e sidence.
d . J-'...a li e e.r: e6ti1t.Bte of the value o! the a p plica nt 1 6
c;u ity ir. &ai d residenc e .
e, Prepon.: an d ver ify a oo cial and econo1r,1c pro f ile of
tht-ap plicant \Jhich s hal l include: Family compo6 ition ,
f omi l y income, place of em p loyuen t , if any, of all
filtl ily tr:e ttbers, epproxima te date of purchase of re si-
dence , snC ex i sting indeb t e dness secured by &aid
t€6J .:.!cnce.
f , Pr\:""1 £ l "' :-•rtlir.1na r y ana lys is of a pp lic a n t 1 6 ebilit)'
n--1.h f :, ~ m,1de o vailab le to epp lican t unde r
( \ L ' ~•I 1
I.. b .!.._:_!_ L!.!_2~ ..::_:_ 011 repor t 6 a nd one)y£e 6 r ~quired ~ ~
Agreeme nt, h n•..! ~ .-...i.:..!..:._· ~·· .!._r~ end /o r gr un t ap p 11 co ti o nE , t h £c f c,)10,.,.'i r,1
p t.lic i t:E £h t.!! c;,·_., r,· -_ t f c:)c,,..·td U t he Au tho r i ty .
f6
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Ii I I
u .. e: LIIH.J P Urpo t.e:
Loans er,d gran l • are ma de available for th o purpoH of perNnent
i mprovements , tuldit ion,, or other h0u1in1: rohal,ilitotio11 uud 11hl)' onl y be: u•~d for:
A, Repair• and 1Jllprovemen ta to 11eat City Coda &tand1rdo,
B, Hand i cap ret ro f 1 ttin &,
C, Energy conservation 1Jllprov11Dtnt1,
D, : Elicinat1on of incipient violat 1ono of tho City Coda,
E. Ccne r ~l property illlproveme nt1.
11, Elig ibility for Loan•
A. El1g1bl~ Borrowera. Loan• ahell be made on ly to pe r1on1
wh o os-n t he pro perty ~ which the im provement& will oe 11\ad e,
B. Ellg 1ble Properties , Lo•n• oha ll be made only for r 061dent1al
properlie• c ont•inin g four dwel l ing units or l••• located in
th e City of Eng lewood .
A. !:~bl..:~-Grants sha l l be ma d e on ly t o na t u r a l per so11 s
wf,.) o wn and n ?sid,.· in the property o n wh ich the impr ovements
w tl l ~'C: m . .1dc . ,;rnntecs must me et the then cu rrent 1ncome eligi -
b1l l_. llrttl t i, t1 !;Ul I.ntth by Lile fundi ng ugcncy .
n . J:lHnt.lc 1·rop~r t 1.Ls . G1.a.nts s hall be made o nl y tor r~siden tia l
pror'ett.il:~ locate.! .>.n eligible ne i ghbu r hoods .
lV . Prir-1 l 'l P
v.
A. Pr .:.~_·.~'...:..:i1_~~-At. le3st once e:i,-:-h y,~ar th"' Authority
..... i d, t_t"·ri i>r i-.1 .!..i' :1ci.1L:--,c,1hoocL . Tlt11 i'nor ity Neighbo rhood
w.:.J l l ,!L~ 1 · ..i' o..: 1 i1~ t.he a pp lica ble fu!"l <hn; p r o 1-osal s t o t h e
~..!-12._~__,2.._~1..:i· Ljion : l[,L • .in 1J,;,li-.1t.1nn ~or a l o an
d·.1 ,,,11,1, ·',l· -,l ~= .sha ll not.e the d ..i.t•~ a:-id ti :"\~of rec e i pt on
t:h: ,lj ;,;-: lJ ·ation:; .;!1aJi ~,. dCtej uron in the f o llo 1,:ing
01 !( r: • 1 • 11·:· -emc:.-m.:r. 1cs whi c:n Lhreaten the 1.mne d1 a t t!
t,t,; ~· •.1 ·~ .. f'.' ·tie a r; i.1 .ant.; scco:1d priori t y -all ve ry
f'r 101
1 n o~ tty -all l r,w 1ncom'c' s i ngle hea ds o f
1; r 1 ·y · a11 l·1w l'.lCL,"11 lll L l"t :a:-i1lies . With i n
ih<' c.1:,. t.1r.i.,· ul rr1uc.:.t f,.n· 1.ss1stance \,all
t: : 1 l:~r.11HJ r•ac h apJ li:.:at .on .
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! 1;. ll::..il j ,, 101 I I
hr•1cL·/ ::~c:;tif!t-·l LO
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VI.
pr i ority -fund• requ i re d t o bring property to City Code ttanJor~•;
riC:conU pri o rity -fum.hi for honLl!ccp r1:trofittin1;9 t1 1Jn.J prJuril y -
fundti fo r energy conserv6tion i mprovements; fourth pr1Qr1ty -fu nds
t o c ur• incipient viola tion s of the Code ; fifth priority -1encrol
pr oper l y i mp rovemen ts ,
Loan Lim its
A, Monotory ~ ~-At leu t once • year th1 Au t hority vill
determine the loan limit1,
B , lli!!!_ ~ _!!!l Appraiaal, Notwith ■tendin& the above, • loan
••cured by a first d e e d of trust 1hall not exceed 90% of the
app •~is •l value o f the property u determined by a qualified
appraiser . 1.f the l o an i• ■ecured by a aveond deed of trust•
t h e t otal of the fir at loan· end the property rehabilitation
loon shall not exceed 90% of the appraised volue of the property
Ofi dete rmine d b y a quol i!i ed appraiser. Lc,ana; aecure<l by u
th ird or fourth dee d of trust ahall not exceed SO% of the ap-
praioed v•lu e o f the property -■ determined by a qualified
appreiser,
VU. Cran t Li mits
At leo&t o nc e e yeor t h e Author i ty wi ll determin e t he maximum grant
a mount .
A, Lo ans will b~ sec ured by a d eed of trust.
B. Prop e rty improve d by a g ranL ■hell be secured with a lien t he reon.
Re p e yrrent o f the grant in the event o f payo f f , sale, convey anc e
or ot hr•r ttansf er of the pr o p e r t y excluding deoth , or if t he hou t.-
i ng ull_t 16 used other than as the grantee(,) primary hou,ing u n it,
g ran tee C•l a11 ree t o the following repayment conditions:
(l ) Gran tee (s) s hell r epay 100% of the g ront s hou ld the p ro perty
be &o ld, con v ey e d, tran sferred or delive r ed during the fir&t
tw e lve month•. inclusive , af ter signing of the Gran t Agreement.
(2 ) Grant ee(•) shall repa y SO X o f the &rant ■hould the -operty
be &old , c onve ye d , t ransfe rred or d el ivered durinb ... e f ol-
lo,in ,; p e r iod of time: 13 th through 2<t h month afte r signing
of the· Gru r.t Arr eemen t .
(3) Grnr,tc, (,) •ho ll r•pay 601 of the gra nt shou ld th e pro perty
h~ tli!~, conve yed, ~ran 6fer red or delivered during th e f ol-
lLJ..rj111 per!o-~ of titMi:: 25 th t hr ou gh 3 6th month after 6 1f'.n -
j i of the Crer;t A[;reemcnt .
(<) Grantee(,) shal. repay 401 of th e gra nt ,hould the property
lt. 1,·
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~, tor1vt_td , t ro nt.f er r ed or dc.livtrc tl d urin; t he fol -
J o~io p p e riod ol time: 37th through 4 6th mon th a lter ,ignine
of the Gr a nt A~r eemc·nt .
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X,
(~) Lr.n1 «·(1 ) Ll,c l l r q ,oy 20), o! 11,.. p o11 1 LhuulJ l lot · 1•ru1 ,,·ny
bL sc.,jd , c vnvt.yHI , t r c n bf e rred o r cld1vt·rt•tl dur1 r,1: th1: fol -
l o ... :11,l' fit:ritJ:.l ; l.CJL!i th rou i;l, Citlll1 n1tH 1LII u!Ll,:T t..it.:11.i111', Lhc
C.rLt ,t Arra:er.1u1t.
(b ) Cren t e< C•) shal l n o t b e r equ ired t o repay th e tr n n t &hould
the: property l>e s o h l , conveycJ , tnm .. CcrrcJ ur 1.h.:l :J v1:r~cJ
f ollo,·1ng th e 6 0t h month after dgning of the Gra n t Agteement .
Re p e yme n t •hall be mo de t o the Program account.
Cr e d it F.e.c t or, for Loa n
A, Abili t y -~ f!r , Al l credit decioiono shall be ba .. d o n ly on the
ep p li c nnt '• •b1Uty to repay the loan . Ac tion on loan• &hall
not b e based on, or influenced by, the race, creed, c o lor,
n ationa l or1e;in, marital 1tatus 1 1ex or age of the a p p licant.
B , }\o r rr.a l Rn te Loans. The no rmal interest rate ,hall be the
Author ity'& ~nt bo r ro••i ng rate for funds fo r property
reh ab il itat ion purpose,, plu s • 1% aervice and admini,trative
fe e ,
C. ~~~!!.!!Loan . If the app l icants are a "mo derate''.
io .... ·0 or "very lo-.:11 i n cot,f fa mily, a nd th e ap p lica tion me e ts ell
other policie s t he A~t ho r i ty ~111 a ppr ove the loan at le6s th~n
the norr,-,c,j inte res t r ate.
loenE f or Re:,u;] Pro ptrt \'
L tHi :1 E c ov<:!rin(.. pr orer ty '"'·:1 ere the O\,,.ne r 1 6 n ot a r e6iden t o f tht?
pro pr:rt y 6~,t.ll b t 1n a cco rdc :1c e with p ol icie6 E.et for t h by Au t hor ity .
lf th £ a r;-l ico tion 1 6 a pproved , t he O\,,'Tle r 6h oll as re c to e n ter into
n co:i.t rc.1 c t -..·1t L t he. Au t hori ty to kee p ren t 6 \o.'ith i n th e reac h o f law
ot modr:rcte i n cou ,-fa c ilies and /or makt the propert y eligible for
Feder e.1 Se::ct ion 8 Huu 6'ln£ A,si&tance Payments . Loan s for t he purpose,
of gent.:r ,,1 propert y 1.mp rovecen ts &hall be l imited t o Jm. of t he total
of th e: lo~~ a pp r oved .
XI. ConEtructio:1
Y.!J.
\,fo r k do:-ic. -..·1~h t h e pr oc eeds of a loan a nd /or gran t sha ll be acc om-
plishe d b) 6 licPnbcd g ene r&] con trec t or .
kt:?L):1..~.: t c.rr
ir. f.::l'i..: 1 f.l ti
tt.L f!rr ;
!. .t.. , 1 e>-ce ed 20 ytart.. Loans shell bt-r epay a ble
~i.· a c~ f '"'i r,c ip al end i n ter e:st du e o n or b efore:
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~. The ~utho r ity o r d c b i g u a t e tl officici l lihall Llicn ••~a1 1o l111' anti t ·v.d-
lJ Ll lt the: e pplic.:eti o n , t oK ~Llu:r wi t h all required rtport& a ni.l fintlinK s , tini.l
eithtr appro ve , r e jf:c l, o r modif y an d e p provt auch epplicotion. Tiu! tl cc.:it.:icm
of the Author i t y s h all be fin a l a nd b inding upon th• applicant,
6. The Authori ty shall req"ire repayment of lo•n• and/or aranu u
ut forth in u t abliihed polici .. ,
7, All funds repaid by applicant ■ ■hall be u ■ed only for 11milar
lo ■r. or granu o f houoing rohabilit ■tion aui.tance to applicant ■ approved
by t o>• Autho rity ,
8, Th e Au thority or des ignat ed official ohell approve all lo an• ond/ur
gran ts under t h1 6 prog rem b y appro pr iate action When a etisfactory evidence "r
the foll ow ing h a • b e en submit ted to th• Authority:
•· Applicant h •• good title to the reoidencc.
b, Loan a p p lica n ts &hall have ■ufficiant equity therein to
j u,tify uid l o an and/or arant,
c . App l i cant has e ntered i nto a written contract on fonns t o be
a pprove d b y the Au t ho rity wi th a person or entity licen s e d
to perform a nd c omple t e r epa i rs required to rehabi l i ta t e the
r esidence .
d. Tha l 1eid r es idence , aft er reha b ilitation a n d :r.pair,, ~ill
be c.a 1nt a1n ed in a s a ti&fec:tory manner.
e. Loe'!'l e ppliccn t& s h ould p r o ve an abilit y to repay tht: loan.
9 . All p er sons a nd ent iti e s en tering into contract& \.'1th a pp l icent&
f or re p ai r s and r ehobi l it e.tion of a ny substandard re&idence &hall bt: a n cquul
o pportun ity ettployer and •h•ll c om p ly with all applicable Fedeul, City and
Stat e c ode,. •t~tu t e s a nd ordinance ,.
JO . Th• Authority ohall gene r ally •upervise all
t ion c onstruction and shal l authori~e p ayme n t for same
performe d in e ccordence with t he cot,.:tru c tion contract
cant and ap proved by Authority .
r e pair and rehab ili1a-
when ,ub&ta n tially
entered into by appli-
11. The Au thority may e e tab li •h t ho se a c counts a nd allocate tho,e funds
n e c e s ,a r y to f u lfill the provisions o f thi s agre e men t.
}2. T h e A ... thortt ) i;t,Ll1 prcp6 rt Bdt"i ni&tra t ivt: p r ocedu rt:& t o i c.p le r.1er,L
th e inte nL of chi& c 1ntr6:L en ~ Autt1c ri t y pol i c ies.
13 . 'Ih t Aut h rit\' 6beill s ubr-.il a n a n nua l re po r t t o th e Cit y Co,mci l
reserding_ th t rt r :"c.~n.Jncc o! tJ,e progrec..
14 , Thib A[Tccr.cn t •hall be bi nd ing u pon t he p a rtie• h e re to a o d t heir
6UCCet.E.0T t:,
J, ,,
1 5 . Th is Agreeme nt supe .• :scdcs and rep l aces a ll other agreements betw~en
l he parti es rel ati ng t o t he p r ogram .
IN WITNESS WH EREOF , t his Agreement has be en e xecuted at Englewood,
Colo r a do, thi s day of _________ , 1985 .
Attest:
Ga r y R. Higbee , Director of Funnce
ex o ff i cio Ci t y Clerk-Treasu re1·
Ap p roved as to Form:
John R. Olsen , Ci t y Attorney
At tes t:
Alan M. Feinstein
Exec u tive Director
CITY OP ENGLEWOOD , COLORADO
a Municipal Coq :>ra t ion
By=E:--u-:ge:-n-e:-:L-.--=o-:-t,-is-,--cM:ca-yo_r _______ _
EllG LE'WOOO HOUSING AUT HORITY
By=T"°h-om_a_· s---:J;-.-::B-u-rn-s-,--=c::-h-a 1'"· n_n_a_n _____ _