HomeMy WebLinkAboutJanet Scalpone/Letter of Agreement 4fr.)
OJHKQ-„i RENTAL REHABILITATION PROGRAM
ON THE WATER
Equal Housing
DEPARTMENT OF COMMUNITY DEVELOPMENT
Opportunity
CITY OF OSHKOSH
PROPERTY TITLE LIEN AND PARTICIPANT CERTIFICATIONS
As an applicant for a grant through the Rental Rehabilitation
Program, I hereby acknowledge and agree as follows:
1. The proposed improvements listed in the specifications
accurately describe how all the proceeds of the grant will
be used.
2 . All improvements will be completed no later than in days
after the date of project approval.
3 . I authorize the City of Oshkosh, the Department of Housing
and Urban Development (HUD) , the Wisconsin Housing and
Economic Development Authority (WHEDA) , or their agents to
inspect the work financed by this grant.
4. None of the proceeds of this loan will be used to finance
any improvements undertaken prior to the date of grant
approval.
5. I authorize the City of Oshkosh to make any and all files
and documents pertaining to this grant available to HUD and
WHEDA.
6. I incorporate by reference all certifications made on the
document "Certifications of Property Owners" as a part of
these Certifications.
7. I am aware that any false statement or misrepresentation
made in connection with this loan may subject me to
criminal and civil penalties, under United States and
Wisconsin law.
8 . I accept from the City of Oshkosh, a grant in the amount of
Five Thousand and No/100 Dollars ($5,000.00----) ,
and agree that if I sell the rental property identified
below within ten (10) years of receiving this grant
assistance, the grant will be repaid based on the following
table:
Rehabilitated Rental
Unit Sold Within Grant Repayment
2 years 100%
4 years 80%
6 years 60%
8 years 40%
10 years 20%
More than 10 years 0%
9. I grant to the City of Oshkosh, and the City of Oshkosh
hereby has, a mortgage on the real estate described below
in the full amount necessary to satisfy my repayment
obligation for the payment here made and for any subsequent
payments made, and the cost, including reasonable
attorney's fees, of collecting the same. The real estate
subject to this lien is situated in Winnebago County in the
State of Wisconsin, and is legally described as:
FORD'S ADDN N 50 ft. of Lot 5, Block 61 , 4th Ward, City of
Oshkosh, Winnebago County, Wisconsin.
(Commonly known as 629 Boyd Street)
10. If any of the provisions of this Promissory Note, the
corresponding mortgage note, or any of the attached
specifications or other documents completed by me are
violated by me, or if I am ,not in compliance with any of
these provisions -- then I ,agree to repay to the City of
Oshkosh all amourts granted/ immediately upon demand.
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Signature of Borrower r'- - 7/ 11 "'1/ Date• l 1 j
Janet Scalpon:
Signature of Borrowe' Date
State of Wisconsin
County of Winnebago
Per ally came before me this i(, ii day of "��l_ -;i Z_.
�
19 , the above named person(s) to me known to be the pe„r�spn(s
who executed the foregoing instrument and acknowledged,,the,-!gate.
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NOTARY PUBLIC, Winnebago Coun
My Commission Expire ..,4 ) °-1'� t.C)
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WARREN P. KRAFT p c-S Z
Assistant City Attorney 11 1 - w
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