Laserfiche WebLink
D. County shall adjust Promissory Note when a principal reduction is necessary as a result of unused <br />contingency funds. County shall set up payment schedules for amortized loans with the first payment <br />starting no sooner than thirty (30) days after City's Finance Department receives the original <br />Promissory Note. <br />E. All original Promissory Notes shall be delivered to City's Finance Department within thirty (30) days <br />after project completion. <br />F. When City is invoiced for a project, City shall be invoiced for the total project amount (minus any <br />unused contingency funds) plus County administrative fees. <br />V. INCOME ELIGIBILITY AND FINANCIAL ASSISTANCE <br />Financial assistance shall be provided to eligible owners according to the guidelines shown below. Request for <br />amounts in excess of the approved guidelines shall be forwarded to the City for review. <br />PROGRAM <br />FINANCIAL <br />ASSISTANCE <br />HOUSEHOLD INCOME <br />Minor/Mobile Home Repair Grant <br />$2,000 <br />Very Low: 50% of Median <br />11 <br />Funds available for each program are shown below: <br />PROJECT <br />PROGRAMS UNITS COST FEES TOTALS <br />Minor/Mobile Home Repair 25 $30,250 $9,750 $40,000 <br />City will issue administrative approval for reallocation among programs. County shall send written request by <br />mail or FAX, as needed for City review. <br />VII. CONSTRUCTION POLICIES AND PERMITS <br />County shall obtain building permits for structural, plumbing, electrical, heating, or any other repairs that require <br />inspection; work in excess of $300 shall be performed by licensed contractors: County staff shall monitor <br />conformance with all state and local laws. <br />VIII. REPORTING <br />EXHIBIT A Page 2 of 4 <br />HCD Agreement July 2002 <br />