HomeMy WebLinkAboutPermit Correspondence 1986-09-10SPRINGFIELD
CITY OF SPRINGFIETD
Offrce of Community & Economic Development Planning and Development Department
CERTIFiED LETTER
September 10, 1986
Roberta Bradford
1940 I'lorth 17th
Spri ngfi el d, 0R 97477
Dear Roberta:
This letter is being sent to you by certified mail 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,including the princip'le 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 bycontract, assignment, lease, rental or other conveyance to any otherperson, as well as the transfer by wi'l'l or inheritance to any person otherthan a surviving borrower upon the death of one borrower. (specifica]1y,for instance, using the house as a rental unit whfle you retain ownershipis not permitted). It wfll be the practice of the City to contact youperiodically 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 property
insured 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 thepo'licy. 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 doneSo, please direct your insurance company to send the City the certificateof insurance automatically in the future when you receive notice of andpay the annual premium.
225 North 5th Street r Springfield, Oregon97477 o 503/726-3753
Fina'11y, in keeping with the home rehabi litation policies, the City wi'11make 'dri ve-by' i nspect'i ons at two (Z) and ii ve (5) years afterconstructi on completi on i n order to determi ne i f your home i s bei ng
adequately mai ntai ned. If th'is ' dri ve-by' 'i nspecti on i ndi cates that your
home is not being adequately maintained, the City may request that youal'low 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 Bil'l Schaubat 726-3753. Thank you for your assistance in keeping our records up to
date.
S'incere.1y,
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Bi 1 I Schaub
Rehab Speci al i st