HomeMy WebLinkAboutBuilding Correspondence 1986-09-10SPRINGFIELD
CITY OF SPRINGFIELD
Office of Community & Economic Development Planning and Development Department
CERTIFIED LETTER
September 10, 1986
Susan & David Gropp
547 South 3rd
Springfield, 0R 97477
Dear Susan & David:
This 'letter is being sent to you by certified maiI with restricteddelivery 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 1oan,
i ncl udi ng the pri nci pl e and the ori gi nati on olinterest 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 bycontract, assignment, lease, rental or other conveyance to any otherperson, as wel 1 as the transfer by wi 1 1 or i nheri tance to any person otherthan a surviving borrower upon the death of one borrower. (Spec'ifica11y,for instance, using the house as a rental unit wh'i1e you retain ownershipis not permitted). It will be the practice of the City to contact youperiodica'l'ly in this manner in order to confirm that no such sale ortransfer 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 propertyinsured against loss or damage by fire. The amount of coverage is to beadiusted when necessary to reflect not less that the current appraisedvalue of the property and improvements. The City of Springfield, at 225North 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, please have this changed as soon as possible.
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 dones9, please direct your insurance company to send the City the certificateof insurance automatical'ly in the future when you receive notice of andpay the annual premium.
225 North 5th Street o Springfield, Oregon97477 . 503/726-3753
Fina'11y, in keeping with the home rehabilitation policies, the City willmake 'dri ve-by' i nspecti ons at two (2) and fi ve (5) years after
constructi on comp'leti on i n order to determ'ine i f your home i s be'i ng
adequately maintained. If this 'drive-by' inspection indicates that your
home is not being adequately mainta'ined, the City may request that youallovl 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 7?6-3753. Thank you for your assistance in keep'ing our records up to
date.
Si ncereJy,
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Bi I 1 Schaub
Rehab Speci al i st