HomeMy WebLinkAboutPermit Correspondence 1986-09-10SPRINGFIELD
crTcro ELD
Offi8epdf Oorr*fu nHP8. Economic Development Planning and Development Department
Linda & Gregory Shaver
1255 Water Street
Springfield,0R 97477
Dear Linda & Gregory:
This letter is being sent to you by certified mail with restricted
delivery to verify that you are still the owner and occupant of the houseat this address. As a recipient of a home rehabilitation loan from theCity of Springfield, you will recall that the full amount of the 'loan,
including the principle and the origination or interest fee of 7 percent,is due and payable to the City upon sale or transfer of this property.
Sale or transfer is defined to include the actual or attempted sale by
contract, assignment, lease, rental or other conveyance to any other
person, as well as the transfer by will or inheritance to any person other
than a surv'iving borrower upon the death of one borrower. (Specifica'|1y,
for instance, using the house as a rental unit while you retain ownershipis not permitted). It wil'l be the practice of the City to contact you
periodically in this manner in order to confirm that no such sale or
transfer has occurred.
Secondly, you should also recall that the terms of this loan require youat all times to keep the house and other improvements on the property
insured aga'inst loss or damage by fire. The amount of coverage is to be
adjusted when necessary to reflect not less that the current appraised
value of the property and improvements. The City of Springfield, at 225
North 5th Street, is to be named as an additional insured party on thepolicy. If the Lane County Housing Authority has been named on your
insurance policy in the past, p'lease have this changed as soon as possib'le.
You have also promised to furnish a certificate of this insurance to theCity. This certificate of insurance must be furnished to the City eachyear when your homeowners insurance is renewed. If you have not yet done
So, please direct your insurance company to send the City the certificateof insurance automatically in the future when you receive notice of and
pay the annual premium.
225 North Sth Sheet o Springfield, Oregon97477 . 503/726-3753
Final'ly, in keeping with the home rehabi litation po'licies, the City willmake 'dri ve-by' i nspecti ons at two (Z) and fi ve (5 ) years afterconstructi on complet'ion i n order to determi ne 'if your home i s bei ngadequately maintained. If this 'drive-by' inspect'ion indicates that your
home is not being adequate'ly maintained, the City may request that youallow further inspections of your home to be made and that you correct any
maintenance problem discovered by such inspections.
If you have questions regarding this letter, you may contact Bill Schaubat 726-3753. Thank you for your assistance in keeping our records up to
date.
Si ncere]y,
4/zU1
Bi I 1 Schaub
Rehab Speci al i st