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Home My WebLink AboutHousing Rehabilitation Loan Program - Terry Tuttle - 9121 Ch RECEIVED Council/Agency Meeting Held Deferred/Continued to: 0' f -- '"'�y 0r XApproved 0 Conditionally Approved HUY11 61n,"MN 9 City rkl Anature Council Meeting Date: 3/612006 Department ID Number: ED 06-10 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION- SUBMITTED TO: HONORABLE MAYOR AND CCIIgT/Y' COUNCIL MEMBERS SUBMITTED BY: PENELO CU BET GH- RAFT, CITY ADMINISTRATOR PREPARED BY: STANLEY SMALEWITZ, DIRECTOR OF ECONOMIC DEVELOPMENT SUBJECT: APPROVE HOUSING REHABILITATION LOAN IN THE AMOUNT OF $28,704 FOR TERRY TUTTLE AT 9121 CHRISTINE DRIVE =Statemlnt ssue,Funding Source,Recommended Action,Alternative Actionls),Analysis,Environmental Status,Attachment(s) Statement of Issue: The City Council is asked to approve a Housing Rehabilitation Loan in the amount of $28,704 to homeowner Terry Tuttle at 9121 Christine Drive. The requested amount exceeds the City Council adopted Rehabilitation Loan Program guidelines by $1,204. The additional amount is necessary to ensure that the property is repaired in full compliance with health and safety standards. Funding Source: CDBG revolving rehabilitation loan fund #21580301 Recommended Action: Motion to. Approve a housing rehabilitation loan in the amount of $28,704 to homeowner Terry Tuttle at 9121 Christine Drive. t Alternative Action(s): Do not approve the proposed loan for an amount that exceeds the established program guidelines. Analysis: On August 26, 2005, homeowner Terry Tuttle applied for a rehabilitation loan from the City to pay for repairs to her property at 9121' Christine Drive. The City's current Housing Rehabilitation Loan Program Guidelines, which were adopted on January 6, 2003, allow homeowners to borrow up to $25,000 to make health and safety related repairs and improvements. The guidelines allow the Director of Economic Development to administratively approve loans up to an additional 10% when necessary to ensure that all health and safety related issues are addressed. Ms. Tuttle's loan application was approved on September 5, 2005 for $27,500, using the 10% option, for repairs including REQUEST FOR COUNCIL ACTION MEETING DATE: 3/6/2006 DEPARTMENT ID NUMBER: ED 06-10 a new roof, interior painting, exterior wood replacement and painting, replacement of gates, new kitchen appliances and countertops, bathroom plumbing repairs, and shower stall and door replacement. After work on Ms. Tuttle's home commenced, additional bathroom plumbing repairs in the amount of $1,204 were found to be necessary. This request to increase Ms. Tuttle's approved loan from $27,500 to $28,704, an amount that exceeds the adopted program limit, is necessary because program funding requirements mandate that properties be left in compliance with health and safety standards, and because the low-income resident does not have the financial resources to pay the necessary additional cost. If the new loan amount is approved, the borrower will execute a new promissory note and deed of trust in the amount of $28,704. With the current appraised value of the subject property at $900,000, the new loan-to-value (LTV) ratio, which is the total debt secured against the property as a percentage of the property value, would be 3%. Staff recommends approval of the recommended action, allowing the additional bathroom plumbing repairs to be completed. Environmental Status: Not applicable. Attachment(s): DescriptionCity Clerk's Page Number No. 1. Loan Approval Form Signed by Loan Committee and, Executive Director Copy of Invoice From Contractor for Shower Repairs 2. G:1Terd\ACTIVE LOAN51ActiveLoans 04051Tuttle\RCA TuttielncreaseLoan1.doc -2- 212112006 5:36 PM ATTACHMENT # 1 CITY OF HUNTI, ,TON BEACH /3 HOOSING REHABILITATION LOAN PROGRAM ~ �� LOAN APPROVAL APPLICANT AND LOANINFORMATION Applicant Name Address Telephone Terry Tuttle 9121 Christine Drive 962-6105 Loan Type Amount Interest Rate Deferred $27,500 20 LOAN APPROVAL Homeowner Equity Annual Household Income 100% $25,173 Debt to Income Ratio Household Size 1 12% Credit History Income Level FICA-800 ❑ Low or Moderate Very Low Property Ownership Verification Female Head of Household Yes D-'No ❑ Yes Enhancement Area Type of Dwelling Ch"o ❑ Yes E3-9 ngle ❑ condo/Townhouse ❑ Mobile Home Redevelopment Project Area Previous City Rehabilitation Loan or Grant (if yes,provide details) City wide program No RECOMMENDATION FOR APPROVALi By signing below,I certify that the information contained in this Loan Approval form has be comp ed a verifie by ity of Hu ington Beach Submitted Joyce De ek ate I LOAN REVIEW COMMITTEEAPPROVAL" jU Approved ❑ Denied ' a► .s 1C� . Economic Development Staff Member fate ber ai -e ! Approved ❑ Denied J' I ' �u��7 Date tex =t4fcSvcr µW. I 4 +L� Approved ❑ Denied F Ada4raistFatof 1 Pr�� . Z Date I f ATTAC H M E N T #2 2165 South Dupont,Suite J P c t■� f Anaheim,CA 92806 Invoice FAX(714)634-1640 (714)634-2388 001111111110�hclwer Walls Incorporated 206973--A 2/13/06 Voice: Fax: 1 Sold To: Ship To: Duplicate Ship To: CITY OF HUtTINGTON BEACH TERRY TUTTI,E 2000 MAIN STREET 9121 CHRISTINE DRIVE HUNT INGTON BEACH, CA 92648 HUNTINGTON BEACH„ CA 92646 Customer It t Customer PO Payment Terms 3 HUNTINGTOI B Net 30 J;Wq Date Quantity Item aest way Description Unit Pri9915/06 Extension 1 A Misc Materials Complete Shower Replacement - With New Shower Pan, Wall System, Soap Dish and New Showcr Door 1.00 1 P Misc Materials #i 400 Cultured Marble (36 X 36 Shower Pan) Installed 1. 00 1 1 Misc Materials # 400 Cultured Marble wall System With Inset Soap Dish 1. 00 1 j DR TE Cstm P - 1500/901 Custom shower Door Installed (Silver Reed Glass) ' v� PAYMENT POLICY Customer is responsible for prompt payment upon completion of work u Mess prior arrangements have been made in writing. Balance is considered t tst due after ten(10)day.have passed from end ol'work eompictinn. Interest of 1.54h per month(1891,annually)will be charged on past Subtotal 2, 595.00 due amount. Interest v ill not he charged on corrections which arc part of the Sales Tax 77.19 warYanty. In the event -mion is necessary to cufmcc or interpret the term, of this ngreemenl,Cutitoi ter agrcer to pay, Total Invoice Amount $2,662-19: Payment Received Check No: TOTAL DUE $2,662-19' RID S 1/go - /�fyx THANK YOU FOR CHOOSING SHOWER WALES, r FEB-13-2006 14:e4 97% P.02 i RCA. ROUTING SHEET INITIATING DEPARTMENT: Economic Development SUBJECT: Authorize Increase of Rehabilitation Housing Loan Amount for Emergency Repairs at 9121 Christine Drive COUNCIL MEETING DATE: March 6, 2006 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (wlexhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached Not Applicable ❑ Contract/Agreement (wlexhibits if applicable) Attached (Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. Attached ❑ Approved as to form by City Attorney Not Applicable Certificates of Insurance (Approved by the City Attorney) Attached El Not Applicable Fiscal impact Statement (Unbudget, over $5,000) Attached Not Applicable Bonds (If applicable) Attached El Not Applicable ® ' Staff Report (If applicable) Attached Not Applicable Commission, Board or Committee Report (if applicable) Attached Not Applicable ❑ Findings/Conditions for Approval and/or Denial Attached Not Applicable EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED FORWARDED Administrative Staff Assistant City Administrator (Initial) ( ) City Administrator (Initial) ( } City Clerk EXPLANATION FOR RETURN OF ITEM: Only)(Below Space For City Clerk's Use RCA Author: Terri King I