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R2006-59 ALLOCATING FUNDS AND AUTHORIZING AGREEMENTS
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R2006-59 ALLOCATING FUNDS AND AUTHORIZING AGREEMENTS
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12/2/2015 10:20:48 AM
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12/2/2015 10:20:48 AM
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Resolution/Ordinance
Res Ord Num
R2006-59
Res Ord Title
ALLOCATING FUNDS AND AUTHORIZING AGREEMENTS - OLDE TOWNE TIF ELEVATOR PROGRAM
Approved Date
4/17/2006
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, • <br /> 7. The applicant must be the owner of the premises for which the rehabilitation loan <br /> is sought. <br /> 8. The applicant shall not have judgments or open collections against the premises. <br /> 9. The applicant must demonstrate the ability to finance his/her portion of the <br /> rehabilitation. <br /> 10. The rehabilitation project must address outstanding code violations that have been <br /> previously cited by the City of Decatur. <br />, Process: <br /> 1. Owner of the ro e must submit the followin to the Economic and Urban <br /> P P rtY g <br /> Development Department(EUD): <br /> a. Proof of Ownership i.e. updated title policy and/or copy recarded deed. <br /> b. Building address where elevator will be installed. <br /> c. Blueprints, drawings, specifications pertaining to the installation of the <br /> handicap accessible elevator. <br /> d. Complete narrative explaining the project including number of floors and <br /> residential units the elevator will serve. <br /> e. Detailed itemized construction estimate. <br /> f. Estimated total construction value per residential unit. <br /> g. Proposed work schedule(start to completion). <br /> h. Verification of applicant's available funds <br /> i. Homeowner's Insurance binder <br /> j. Any conflict of interest in writing. <br /> 2. After project is approved by the TIF Administrator,a development agreement will <br /> be drafted. <br /> 3. After the agreement is signed by a11 parties and a Notice to Proceed is issued, <br /> work may begin on the project. <br /> 4. Construction dra.ws may be permitted during construction upon requisitions to <br /> EUD accompa,nied by appropriately supporting documentation including,as <br /> applicable,verified bills or sta.tements of suppliers, contractors,or professionals, <br /> lien waivers and contractor�davits. <br /> 5. This program outline is intended for informational purposes and individual <br /> projects may have additional stipulations in order to qualify for the program as <br /> outlined in the development agreement. 'I <br />
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