HomeMy WebLinkAboutKita/rehab O.IHKQfH RENTAL REHABILITATION PROGRAM
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ON THE WATER
DEPARTMENT OF COMMUNITY DEVELOPMENT Equal Housing
CITY OF OSHKOSH oQpomry
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 _15_0 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
Two Thousand Six Hundred and Twenty-six Dollars ($ 2,626.00--- ) ,
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:
GOTT READ & EIGHME'S ADDN, W 7 ft. of Lot 3 and all of Lot 16,
Block 75, 10th Ward, City of Oshkosh, Winnebago County, Wisconsin.
(Commonly known as 714 Jackson 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 amounts granted immediately upon demand.
Signature of Borrower Date .2/ ; A gd
Kit,
Signature of Borrower i �� Date
Kay C.
State of Wisconsin
County of Winnebago
Personally came before me this - day of -1;)f j�(.
19 , the above named person(s) to me known to be th-e-)perrou(s)
who executed the foregoing instrument and acknowledg.?d the same,.
2f
NOTARY PUBLIC, Winnebago ounty
My Commission Expires' 0796
This document was, d afted by:
c
x ,: A ►�
W P. KRAF -_
Assistant City Attorney
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