HomeMy WebLinkAbout1976 Resolution No. 033. . .
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RESOLTUION NO. 33 , SERIES OF 1976
A RESOLUTION ADOPTING AN AMENDED AGREEMENT BETWEEN THE CITY
OF ENGLEWOOD, COLORADO, A MUNICIPAL CORPORATION AND THE ENGLE-
WOOD HOUSING AUTHORITY, A BODY CORPORATE AND POLITIC, IN-
CORPORATING SEVERAL RECOMMENDATIONS PROMULGATED BY THE ENGLE-
WOOD HOUSING AUTHORITY.
WHEREAS, the City of Englewood, a Municipal corporation,
and the Englewood Housing Authority, a body corporate and
politic, entered into a written Agreement under date of
Fe bruar y 3 , 197 5 , a nd approve d by Ordinance No. 13, Series of
1 975; and
WHEREAS, by Resolution No. 34, Series of 1975
adopted and approved June 16, 1975, the Englewood Housing
Authority and the City Council amended several provisions
of said Agreement relating to the Revolving Rehabilitiation
Loan Fund Program; and
WHEREAS, the purpose of said Agreement and the amend-
mends thereto were to appropriate funds in conjunction with a
grant to be provided by the Colorado State Department of Housing
to make monies available for rehabilitation of substandard housing
through the use of loan programs; and
WHEREAS, the Englewood Housing A~·thority on June 29,
1976 recommended to City Council that certain additional amend-
ments be mad e to the AGreement of February 3, 1975. -NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF ENGLEWOOD, COLORADO, as follows:
Section 1.
That the Agreement between the City of Englewood,
Colorado, a Municipal corporation, and the Englewood Housing
Authority, a body corporate and politic, as amended, and
dated July 19, 1976, a true copy of said amended Agreement
is attached hereto, is hereby ratified and approved •
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Section 2.
The City Council of the City of Englewood, Colorado,
hereby authorizes the Mayor of the City of Englewood, Colorado,
to subscribe his name to said Agreement on and in behalf of
the City Council and the City of Englewood, Colorado, and
the Director of Finance, ex officio City Clerk-Treasurer
attest the same. ~
ADOPTED AND APPROVED this 19th day of July, 1976.
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ATTBST:
I, William D. James, ex officio City Cl~rk-Treasurer
of the City of Englewood, Colorado, do hereby certify that the
above and foregoin9 is a true, accurate and complete copy of
Resolution No. _J!__, Series of 1976.
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AMENDED AGREEMENT
THIS AGREEMENT entered into thi• 19th day of July,
A.O., 1976, by and between the City of Englewood, Colorado,
• Mun1c11Nl corporation, h ~rein called City, and . the Englewood
Housing Authority, .. body corporate and politic, organized and
ex1atin9 pursuant to Title 29, Article (, Colorado Reviaed
Statute• 1973, here i n called Authority.
WITNESSETH:
WHEREAS, there is a shortage in the City of Englewood
of aafe, deco nt and sanitary housing which is within the finan-
c1•l c•p•bil1ties of persons having low and moderate income; and
WHEREAS, the elimination of substandard housing and
the providing of decent, safe and sanitary housing for citizens
•re public uses and purposes and are govern111ental and municipal
functions; and
NHEREAS, lhf' roh11bi Ii lul ion of aubatnndard houeing
would confer a general benefit on the City of Englewood at
large; and
WHEREAS, it is essential and there esists a compelling
need to .. ke funds available for rehabilitation of substandard
housin9; and
WHEREAS, the funds made available for the purpose of
implementing and executing the term• and provisions of this
Agrea11ent ultimately go to public, rather than private purposes;
and
WHEREAS, Title 29, Article l, C.R.S. 1973, permita,
encourages and authorizes local governments and public entities
to enter into contracts with on e anothe r to provide any function,
aervice or facility lawfully authorized to each of the con-
tractinq un ita.
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NOW, THEREFORE, in consideration of tb~ foregoing
and the covenants herein contained the City and the Authority
•9ree as follows:
1. The City shall by appropriate legislative •nact-
.. nt .. ke av•ilable to the Authority' the sum of Ninety Thousand •
($90,000.00) Dollars for the purpose of i~plementing and
executing the tenaa and provisions of this Agreement, and the
City .. y, without obligation to ~o so, make additional appro-
priations to the Authority for said purpc;>se. The Authority . •hall .. k• application for a State Division of Housing grant
as authori.zed by Law and rn,,y 111akc application !or other avail-
able mionies for housing rehabilitation loan pro9r.ams.
2. The Authority through its personnel, or the per-
sonnel of the City, ~ith the approval of the City Manager, shall
be responsible for the execution of the· housing rehabilitation
loan pr09raa, herein called the pro9raa •
l. The owner ·of a single family residence located
in the City of Englewood who occupies the same as his sole and
only place of residence shall, if ••id r..iidence is substandard
as defined under the Housing Code of the City of EnglewOod, be
eligible to make application for housing rehabilitation assis-
Unce under the pr09raa.
4. Application for assistance shall be first sub-
aitted to and approved by the Authority.
5. Upon receipt of an application, the Authority
shall cause an inspection to be made of the applicant's res-
idence and if same is found to be substandard shall:
Ca) Cause a detailed list and 'explanation to
be made of all actions and work required to ,
eliminate or repair the conditions of the res-
idcnce which make it substandard.
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(b) Cause an estimate of the co•t of •uch
rep airs to be made.
(c) Obtain sufficient documentation that the
applicant had good title to said -residence.
Cd) '14ke an e•timate of the value of the
applicant's equity in said residence.
(e) Prepare and verify ·a social and economic
profile of the applicant which shall include:
t .. ily composition, f~ily income, place of . ·
et1ployment, if any, of all lllelllbers of the family.
approximate date of purchase of the residence,
and existing indebtedness secured by said r••ideQpe.
(f) Prepare a preliminary analysis of applicant••
ability to repay any funds made available· to
applicant under the program.
6. In the preparation of all report• and analyses
required by para9rapb 6 heretofore, the following definitio&
and standards shall apply and be followed by the Author"ity:
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I. INCOME LIMITS* TO QUALIFY FOR LOW INTEREST .
LOAN
(a) 1 -$ 7, 200
(b) 2 -9,200
(c) 3 -10,350
(d) 4 -11, 500
(e) 5 -12,250
( f) 6 -12,950
(9) 7 -13,700
(9) 8 -14 ,400
• (Excluding the value of the owner-occupied
property to be rehabilitated)
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ll. INC OME OUALIF'ICATIONS FOR NO-INTEREST LOAN*
l -$ 4,)00
2 -5 , 1·,,o
1 -c., '•OU
' -7,200
• 5 -7,750
,, -IJ. J !J O
7 -8,950
8 -9,500
• (Ex c l ud in g \:alue of owner-occupied property
to be rehabilitated)
III. OWNER-OCCUPANT
(a) Must be owner-occupant of the dwellin9
to be rehabilitated. Loans may be made
to owners of legitimate rental property when
the owner also lives as an occupant of the
property, provided the applicant qualifies
with i n the income limitations.
(b) Must be Englewood resident, title owner
a nd o c cupant of the property for a minimum
of two (2) years prior to the date of enact-
me nt of the Revolving Rehabilitation Loan
Fund, Ord i nance No. 13, Series of 1975.
Pr i ori ty will be g i ven to residences with
longe r r esid e ncy.
IV. PRI ORITIES
(a) Wh e n t wo (2) or more applicants are
equally eligible, the following criteria
wi ll be weighed as follows:
Cl ) Most critical endangerment to health
and/or safety
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(2) Loweat inca.e
(3) Length of reaidency in Englewood
(4) Longevity -age of applicant
(SI Peraonal interview
7. The Authority s hall then examine and evaluate
tho appl i c ation, t oq ethe r with a ll report• and finding•
requ i red by para 9raph• 5 and 6 hereof, and either approve,
re ject or mochfy and a pprove s.uch application. The deciaion
of the Authority s hall be final and binding upon the applicant
and it• deciaion ati.11 not be subject to appeal by the applicant.
I. The Authority •hall require any applicant to repay
all of the f unda .. de available under thi~ ~roqram. Elderly
applicant• and those receiving a no-interest loan may select
one of the fo l low i n9 .. thods of repayment:
(a) Ti .. payments made on a monthly, quarterly
or annual basis •
(b) Full repayment ahall becOlle due upon the
aale and/or conveyance of property or upon removal
of the applicant from the real property.
(c) The entire amount of the rehabilitation loan
shall fall due and payable aa a claim against tha
es t ate of t h e appl i cant, and shall become a lien
on the r ea l property of the said applicant upon
h i s d o misc.
Non-e lderly applicants receiving a low interest
loan shall repay the loan by time payments to
e xte nd over a period of no more than twenty (20)
years. Full payment shall be due upon sale or
conveyance of the property.
(d) Loan recipients will be recertified every
two (2) y ea rs to insure continued elgibility
and correct payS1ent schedule •
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(e) The Authority shall apply administrative
guidelines to insure that the loan is protected
by a lien on the real property, depending upon
the way in which the property is titled.
9. Alll funds r e paid by applicants shall be used
only for similar loans of housing rehabilitation assistance
to applicants approved by the Authority.
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10. The Authority shall approve all loans under this
prograa by appropriate action when satisfactory evidence of the
following have been submitted to the Authorityz
(a) Ap p licant has good title to the residence
and sufficient equity therein to justify said
loan.
(b) Applicant has entered into a written con-
tract on forms to be approved by the City .
Attorney and the Authority with a person or
entity qualified to perform and complete repairs
required to rehabilitate the residence.
(c) That said residence after rehabilitation
and repairs will not probably again become sub-
standard.
(d) The applicant has not previously received
housing rehabilitation assistance under the
program hereby established.
11. All p e rsons and eratities entering into contracts
wa l h ~p pla c a nls fo r r e pai r s a nd r e hab i litation of any sub-
standard res i dence, shall be an equal opportunity ·employer
and shall comply with all applicable Federal, City and State
codes, statutes a nd ordinances.
12. The Author i ty sh~ll generally supervise all
repa i r and rPh a bilitation construction and shall authorize
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1NY919nt for aAJMt when substantially performed in accordance
with the construction contract entered into by applicant
and approved by Authority.
13. The Authority shall prepare administrative
procedure• to i.,lo11ent the intent of thi• contract.
14. Thi• Agreement shall be binding upon the parties
hereto and their aucceasora.
EXECUTED at Englewood, Colorado this 19th day of
July, A.D., 1976.
ATTS8T1
Director of Finance
CITY OF ENGLEWOOD, COLORADO,
a Municipal corporation
By -~M.yor
.. officio City Clerk-Treasurer
APPROVED AS TO FORM:
CITj Attorney
ENGLEWOOD ROUSING AUTHORITY
By
chairman
ATTUTs
Executive Director
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