HomeMy WebLinkAboutR-1995-078 Banks / Multi - Family Loan Program•
•
RESOLUTION NO Rr954 8
A RESOLUTION authorizing the Director of Community and Economic Development
of the City of Yakima to enter into an agreementwith ten lending
institutions of Washington for implementation of a multi -family loan
program
WHEREAS, the City of Yakima currently administers United States Department
of Housing and Urban Development (HUD) funds for redevelopment of substandard
investor-owned rental housing units, and
WHEREAS, the following lending institutions, West One Bank, Pioneer National
Bank, U S Bank, Seattle -First National Bank, First Interstate Bank, First Savings Bank,
Yakima Federal Savings & Loan of Washington, Washington Mutual Savngs Bank,
Key Bank and Central Valley Bank will participate in that program upon execution by
the City of the agreement documents, and the City Council deems it to be in the best
interests of the City that the agreement be executed by the City, now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF YAKIMA.
The Director of Community and Economic Development and the City Clerk are hereby
authorized and directed to execute the agreement with these lending institutions of
Washington for the purpose mentioned above, an example of the agreement is
attached and by this reference made a part hereof
ADOPTED BY THE CITY COUNCIL this a3`a day of
ATTEST
)
City Clerk
Mayor
, 1995
City of Yakima
Department of Community and Economic Development
OFFICE OF HOUSING AND NEIGHBORHOOD CONSERVATION
112 S. 8th Street
Yakima, WA. 98901
Rental Rehabilitation Program
Policy and Procedure Manual
May 1995
The entire text of the policy and procedure manual is
available in the Office of the City Clerk.
The purpose of this program is to provide affordable funds to investors for
the rehabilitation of rental units and to retain the existing rent structure of
a ._ate income tenants. This program is a Joint venture between the
low/moderate 111UUC1 alG program
City of Yakima Office of Housing and Neighborhood Conservation and local
lending institutions.
Applications:
Applications are accepted on a first come, first serve voluntary basis from
_ rental the City of Yakima's target area
investors who own property within
(east
). When
of 16th ndnue within sel selection isthe
determined sby order of list and/ormfunding
islist
scompiled a
priority according to funding availability.
Marketing:
The Rental Rehabilitation 'Marketing Strategy will be used to attract
., (Exhibit el
investors to the program = )
Applications:
Investors Applications:
All applications for the Rental Rehabilitation Program am shall the
following requirements:
1. Units must be located in the target area (Exhibit B)
2. Submit documentation of the operating eXpenditures and
of the unit after rehabilitation
estimated monthly income rental
(Exhibit C).
3. Sign release forms so the following information can be ordered:
a Credit reports, disclosing the credit history of the investor.
Judgments and/or liens must be satisfied prior to
participation.
b. Current employment verification (Exhibit D).
c. Mortgage verification indicating present balances, and the
amount of monthly payments (Exhibit E). All prior loans
must be current.
4. Submit Financial Statement (Exhibit F).
5. Preliminary title report on the proposed rental unit will be
ordered. Title reports indicating more than one contract of sale,
clouds, liens or third party ownership must be satisfied prior to
participation in the program.
Property Inspection:
Rental units are inspected by the Housing Division. An inspection report
listing the items that need to be addressed will be prepared and submitted
to the owner (Exhibit G).
The owner shall submit three bids on the proposed work. If the project is
to be self-help, the owner will submit his subcontractor's bids and material
costs along with two other general contractor bids.
The Housing Division will review the bid sheet submitted by the investor
(Exhibit H). Bids must reflect current market conditions as determined by
the Housing Division, and indicate contractor selection.
The Housing Division will order an appraisal based on "after rehabilitation"
value, if the loan application is submitted to a banking institution, Savings
and loan institutions accomplish their own appraisals prior to loan review.
The appraiser wil 3..ceive a copy of the work write-up and bid amount to
determine after rehauilitation value.
The Housing Division will complete an environmental review (Exhibit I).
Any adverse conditions will be addressed by the Housing Division for remedy
or mitigation.
Loan Processing:
A subsidy analysis will be prepared by OHNC and included in the loan
package (Exhibit J). This subsidy analysis will determine the affordable loan
from the lending institutions and the balance necessary from the Housing
Division.
The share of each contribution will be based on the cash flow of the
property. Cash flow is the difference between the amount of income from
the property less the amount of operating expenditures.
Loan determination is based on the amount of cash flow available to purchase
a private markef loan at 1.5% over prime rate for a five year term, or 2.0%
over prime rate for a ten or fifteen year term. The public contribution to
each loan will be the difference between the purchasing power of the cash
flow, and the amount necessary for rehabilitation. The investor will pay for
settlement costs and title policy for bank and OHNC loans at closing. The
appraisal fee will be included in the investor's loan.
Public sector loans shall be repaid after the private loan at the same monthly
payment rate established at closing and accrue a 1% annual interest rate
throughout the loan term.
The maximum debt service for any individual property will be 80% of the
fair market value after rehabilitation. This factor includes existing debt and
any proposed new debt with the lender. The addition of OHNC's subsidy
amount will not exceed 110% of the after rehabilitation value.
After the determination of the amount of loan indicating the public and
private parties funding amounts, a loan package will be assembled and
_�__a_,. at,., following
submitted to the lending institution. This package includes the 1ollo�rring
documents:
1. Cover letter requesting review (Exhibit K)
2. Application (Exhibit L)
3. Operating Statement
4. Subsidy Analysis
5. Prcliminary title search
6. Mortgage verification
•=i Property pr aijal. (if• the package is submitted to a banking
institution)
8. Inspection Report
9, Bid Sheet
10. Investor's financial statement
11. Employment Verification
12. 2 years IRS
The lender is selected based on: 1) Investor's current lender, 2) Project
matched to bank,preference of loan type (i.e., small vs. large loans, etc.), and
3) Rotating basis.
A participating lending institution has the option to review, accept and/or
reject a loan package. If rejected, the lending institution will return the
loan package together with a letter indicating reasons for disqualification.
The Housing Division will review the transmittal of disqualification to seek
remedy or reconsideration.
With acceptance of a loan package, the lending institution will arrange for
signing and recording all of the loan closing documents and title insurance
for both loans. OHNC will forward the following documents to the closer for
signatures: Deed of Trust, Promissory Note, Truth -in -Lending Disclosures,
and Owner's Certification(Exhibit M).
The Housing Division will issue federally required lead-based paint
disclosure information to the investor with copies to distribute to them
tenants (Exhibit N). Investors will also receive a copy of Marketing
Documentation (Exhibit 0).
Rehabilitation
The investor will utilize a formal agreement with their contractor (Exhibit
P), or the self-help agreement between the owner and the lending
institution (Exhibit Q).
The Housing Division shall monitor all rehabilitation work and prepare a
draw request that certifies the completion for progress payments (Exhibit
R). Lender reserves the right to perform their own inspection in
conjunction with the OFINC inspection. OHNC's subsidy amount will be
expended first unless a refinance is part of the transaction, in which case
the lender funds will be expended first.
OHNC's funds will be made payable to the lender for their disbursement to
the investor. An application for payment summary will be prepared by
OHNC and provided to the lender for the investor's signature when he picks
up check (Exhibit S). This summary is provided for both OHNC and lender
funds and copies are issued for investor, lender and OHNC.
The investor will secure all lien releases upon completion of the
rehabilitation. The Housing Division will certify the rehabilitation work is
completed in accordance with Section 8 Federal Housing Standards.
Occupancy
Following completion of the rehabilitation, OHNC will request the investor
to fill out a tenant report (Exhibit T). This information is then available for
OHNC's annual reporting.
Relocation:
OHNC will notify tenants by letter of the investor's intent to rehabilitate the
property and their rights under relocation (Exhibit U). If tenants require
temporary relocation, the owner of the building will pay temporary
relocation or will provide a comparable unit to the tenant, in conformance
with the City's Displacement and Relocation Policy (Exhibit V). If
displacement occurs through no fault of the tenant, the City of Yakima's
Displacement Relocation Policy will be implemented at a cost incurred by
the investor.
Other:
This program imposes no application fee, points or administration fee. The
fee for appraisals will be incorporated into the loan. The fees for title
title
company escrow fee will paid by the investor at time
insurance and L1uC escrow fee ..... be paid -
of closing.
For investors who submit more than one project to the program over the
the maximum debt allowed chat' not exceed the total amount of
years, �....,... ...
liability for all loans less the amount of equity value. The total debt cannot
exceed $50,000 on individual property ownership or $100,000 in
ownership consisting of more than one party, partnerships, corporation, etc.
Appeals:
Ali Housing Division's decisions on disqualification of any investor's
application may be appealed through the administration of the City of Yakima
(Exhibit Yv).
r
AGREEMENT
I. PARTIES
1.1 OFFICE OF NEIGHBORHOOD DEVELOPMENT SERVICES, a division of the
Department of Community and Economic Development of the City of Yakima, a
municipal corporation of the State of Washington ("ONDS" herein).
1.2 The undersigned bank Key Bank of Washington ("bank" herein)
II. RECITALS
2.1 ONDS receives funds from the United States Department of Housing and Urban
Development (HUD), and other sources, which it will use for building
improvement loans and for loan subsidies to various qualified owners of rental
units.
2.2 ONDS desires to refer qualified borrowers to the bank in order to have a loan
written and funded by the bank.
2.3 ONDS desires to have bank administer and handle the details with regard to the
writing and repayment of the loans, recognizing that the bank is qualified and
experienced in such administration.
2.4 Bank agrees to handle such administration without charging origination, tax
service, and flood determination fees therefore, provided, that such administration
shall be subject to the terms and condition of this agreement. Investors will pay for
settlement costs and title policy at closing. The appraisal will be included in the
investor loan amount.
2.5 Both parties understand that ONDS intends to enter into similar agreements with
other bank(s), as well as the bank herein.
2.6 Both parties understand that this agreement will be used in conjunction with the
Rental Rehabilitation Program's policy and procedures dated May 1995, a copy of
which is attached hereto and incorporated herein.
III. AGREEMENT
3.1 Applications: ONDS shall take applications from investors for loans to fund the
rehabilitation of rental units. Application shall include a credit report, financial
statement, applicant's employment verification and last two years of federal tax
returns, preliminary title report and operating statements of the subject property.
All costs incurred by this application shall be assumed by ONDS.
3.2 Inspections• ONDS shall inspect the property applying the HUD Minimum
Property Standard for One and Two Dwellings, and make a inspection report for
the owner. The owner shall be required to accept bids from licensed and bonded
contractors and submit them to the ONDS for review and cost verification.
3 3 Loan Referral: ONDS shall submit the following documents to the bank for loan
acceptance:
a. Application
b. Credit report
c. Employment verification and/or two years of IRS
d. Financial Statement
e. Preliminary title report
f . Operating statement
g. Inspection report
h. Bids for rehabilitation of project
i. Formal appraisal indicating after rehabilitation fair market value
j. Existing loan(s) and balances on property
k. Subsidy analysis
3.4 Loan Term: The banks loan to the owner shall be a minimum of $2,000.00 and
be a minimum fixed term of 60 months and a maximum fixed term of 180 months,
3.5 Interest Rate: The percentage rate of interest for loans five years or less shall be
determined on the day of closing at 1.5% over the quoted prime interest rate as
printed in the Wall Street Journal for that day, and 2% over the quoted prime
interest rate on loans over a five year term.
3.6 Loan Position: All bank loans shall be afforded a first or second priority. All ONDS
loans shall be in second or third priority, immediately junior to bank loans.
3.7 Maximum Loan: Total lender indebtedness combined with any current property
debt shall not exceed 80% of the appraised value of the subject property after
rehabilitation. The combination of all property debt, including ONDS's subsidy
loan, shall not exceed 110% of the appraised value after rehabilitation.
3.8 Bank Loan: All loans requested in the amount of $50,000.00 or less must be
reviewed within ten working days from receipt of a complete loan package and 20
working days for all loans exceeding $50,000.00. Any loan application that is not
approved by the bank shall be returned to ONDS at 112 South 8th St., Yakima,
Washington 98901 stating the reason for the disapproval.
3.9 Completion: ONDS shall be responsible for doing progress and final inspections,
and provide the lender with a report of the rehabilitation progress and draw request.
Bank reserves the right of inspection and/or the acceptance of ONDS's inspection
report.
3.10 Payment: It shall be the Owner's responsibility to request ONDS for a construction
inspection for payment certification. ONDS funds will be disbursed payable to the
bank. The certification is approved by the bank and a check made to the owner and
contractor with a copy sent to ONDS.
Upon request and receipt of final payment, all lien releases must be submitted.
3.11 Indemnity: It is understood that the bank shall retain sole and exclusive control and
responsibility for determining such matters as eligibility of its borrowers, the actual
loans to be made and the terms, conditions and closing thereof. ONDS will assume
control and responsibility of the actual improvements to be made and the extent
and quality thereof, and authorization of the suppliers and laborers to be paid. It is
the intent hereof that the normal responsibilities and obligations of the bank shall
not in any manner be enlarged or extended by reason of the fact that ONDS is and
will be making subsidized loans from government -derived funds.
3.12 Termination: This agreement shall remain in effect from date hereof until either
party gives at lest 90 days written notice of termination to the other.
DATED this / 7.7'c -day of C3e _et-¢-c.i , 1996.
Office of Neighborhood
Development
By:
,or-+ . Community and
Ec.j, ftp Development
Dated:
io —25— 9G
ATTEST:
City Clerk
err =IMAM' NO qq5 / `71d"
F.cs'N.U1ION NO: / /S — -1 D
2 of 2
Key Bank of Washington
(Ba
By:
Title:
By:
Title: dP
By:
Title:
I. PARTIES
1.1
AGREEMENT
OFFICE OF HOUSING AND NEIGHBORHOOD CONSERVATION, a division
of the Department of Community and Economic Development of the City of
Yakima, a municipal corporation of the State of Washington ("OHNC" herein).
1.2 The undersigned hank (U. S. Bank) ("hank" herein)
II. RECITALS
2.1 OHNC receives funds from the United States Department of Housing and Urban
Development (HUD), and other sources, which it will use for building
improvement loans and for loan subsidies to various qualified owners of rental
units.
2.2 OHNC desires to refer qualified borrowers to the bank in order to have a loan
written and funded by the hank.
2.3 OHNC desires to have hank administer and handle the details with regard to the
writing and repayment of the loans, recognizing that the hank is qualified and
experienced in such administration.
2.4 Bank agrees to handle such administration without charging origination, tax
service, and flood determination fees therefore, provided, that such administration
shall he subject to the terms and condition of this agreement. Investors will pay for
settlement costs and title policy at closing. The appraisal will be included in the
investor loan amount.
2.5 Both parties understand that OHNC intends to enter into similar agreements with
other bank(s), as well as the hank herein.
2.6 Both parties understand that this agreement will he used in conjunction with the
Rental Rehabilitation Program's policy and procedures dated May 1995, a copy of
which is attached hereto and incorporated herein.
III. AGREEMENT
3.1 Applications: OHNC shall take applications from investors for loans to fund the
rehabilitation of rental units. Application shall include a credit report, financial
statement, applicant's employment verification and last two years of federal tax
returns, preliminary title report and operating statements of the subject property.
All costs incurred by this application shall he assumed by OHNC.
3.2 Inspections: ()HNC shall inspect the property applying the HUD Minimum
Property Standard for One and Two Dwellings, and make a inspection report for
the owner. The owner shall he required to accept kids from licensed and bonded
contractors and submit them to the OHNC for review and cost verification.
3.3 Loan Referral: OHNC shall submit the following documents to the hank for loan
acceptance:
a. Application
h. Credit report
c. Employment verification and/or two years of IRS
d. Financial Statement
e. Preliminary title report
f. Operating statement
g. Inspection report
h. Bids for rehabilitation of project
i. Formal appraisal indicating after rehabilitation fair market value
j. Existing loan(s) and balances on property
k. Subsidy analysis
3.4 Loan Term: The hanks loan to the owner shall he a minimum of $2,000.00 and
he a minimum fixed term of 60 months and a maximum fixed term of 180 months,
3.5 Interest Rate: The percentage rate of interest for loans five years or less shall be
determined on the day of closing at 1.5/0 over the quoted prime interest rate as
printed in the Wall Street Journal for that day, and 2% over the quoted prime
interest rate on loans over a five year term.
3.6 Loan Position: All bank loans shall be afforded a first or second priority . All
OHNC loans shall be in second or third priority, immediately junior to bank loans.
3.7 Maximum Loan: Total lender indebtedness combined with any current property
debt shall not exceed 80% of the appraised value of the subject property after
rehabilitation. The combination of all property debt, including OHNC's subsidy
loan, shall not exceed 110% of the appraised value after rehabilitation.
3.8 Bank Loan: All loans requested in the amount of $50,000.00 or less must be
reviewed within ten working days from receipt of a complete loan package and 20
working days for all loans exceeding $50,000.00. Any loan application that is not
approved by the bank shall be returned to OHNC at 112 South 8th St., Yakima,
Washington 98901 stating the reason for the disapproval.
Bank loan and OHNC loan will be signed simultaneously with OHNC being
recorded in a junior position. All loans shall have title insurance for coverage of the
entire encumbered amount.
3.9 Completion: OHNC shall be responsible for doing progress and final
inspections, and provide the lender with a report of the rehabilitation progress and
draw request. Bank reserves the right of inspection and/or the acceptance of
OHNC's inspection report.
3.10 Payment: It shall be the Owner's responsibility to request OHNC for a
construction inspection for payment certification. OHNC funds will be disbursed
payable to the bank. The certification is approved by the bank and a check made to
the owner and contractor with a copy sent to OHNC.
Upon request and receipt of final payment, all lien releases must be submitted.
3.11 Indemnity: It is understood that the bank shall retain sole and exclusive control
and responsibility for determining such matters as eligibility of its borrowers, the
actual loans to be made and the terms, conditions and closing thereof, the actual
improvements to be made and the extent and quality thereof and the right of the
suppliers and laborers to be paid. It is the intent hereof that the normal
responsibilities and obligations of the bank shall not in any manner be enlarged or
extended by reason of the fact that OHNC is and will be making subsidized loans
from government -derived funds.
3.12 Termination: This agreement shall remain in effect from date hereof until either
party gives at least 90 days written notice of termination to the other.
DATED this d ti -a -t day of
,1995.
Office of . sing and
Neigh i s r � Conservation
Bv:
oinmunity and
Developme
Dated.
ATTEST:
City Clerk
tin carr M' NO: q --)
g -01s _t g
U. S. Bank
(Bank)
By: fr
Title: v'A�' ,� AA-tAie‘a
By: L JI L
Title: ^--1 Ld
By:
Title:
•
.Jc'2O
2 of 2
AGREEMENT
I . PARTIES
1.1 OFFICE OF HOUSING AND NEIGHBORHOOD CONSERVATION, a division
of the Department of Community and Economic Development of the City of
Yakima, a municipal corporation of the State of Washington ("OHNC" herein).
1.2 The undersigned bank (Seattle First) ("bank" herein)
II. RECITALS
2.1 OHNC receives funds from the United States Department of Housing and Urban
Development (HUD), and other sources, which it will use for building
improvement loans and for loan subsidies to various qualified owners of rental
units.
2.2 OHNC desires to refer qualified borrowers to the hank in order to have a loan
written and funded by the hank.
2.3 OHNC desires to have hank administer and handle the details with regard to the
writing and repayment of the loans, recognizing that the bank is qualified and
experienced in such administration.
2.4 Bank agrees to handle such administration without charging origination, tax
service, and flood determination fees therefore, provided, that such administration
shall be subject to the terms and condition of this agreement. Investors will pay for
settlement costs and title policy at closing. The appraisal will be included in the
investor loan amount.
2.5 Both parties understand that OHNC intends to enter into similar agreements with
other bank(s), as well as the bank herein.
2.6 Both parties understand that this agreement will be used in conjunction with the
Rental Rehabilitation Program's policy and procedures dated May 1995, a copy of
which is attached hereto and incorporated herein.
III. AGREEMENT
3.1 Applications: OHNC shall take applications from investors for loans to fund the
rehabilitation of rental units. Application shall include a credit report, financial
statement, applicant's employment verification and last two years of federal tax
returns, preliminary title report and operating statements of the subject property.
All costs incurred by this application shall be assumed by OHNC.
3.2 Inspections: OHNC shall inspect the property applying the HUD Minimum
Property Standard for One and Two Dwellings, and make a inspection report for
the owner. The owner shall be required to accept bids from licensed and bonded
contractors and submit them to the OHNC for review and cost verification.
3.3 Loan Referral: OHNC shall submit the following documents to the bank for loan
acceptance:
a. Application
b. Credit report
c. Employment verification and/or two years of IRS
d. Financial Statement
e. Preliminary title report
f. Operating statement
g. Inspection report
h. Bids for rehabilitation of project
i. Formal appraisal indicating after rehabilitation fair market value
j. Existing loan(s) and balances on property
k. Subsidy analysis
3.4 Loan Term: The banks loan to the owner shall be a minimum of $2,000.00 and
be a minimum fixed term of 60 months and a maximum fixed term of 180 months,
3.5 Interest Rate: The percentage rate of interest for loans live years or less shall be
determined on the day of closing at 1.5% over the quoted prime interest rate as
printed in the Wall Street Journal for that day, and 2% over the quoted prime
interest rate on loans over a live year tern.
3.7 Maximum Loan: Total lender indebtedness combined with any current property
debt shall not exceed 80% of the appraised value of the subject property after
rehabilitation. The combination of all property debt, including OHNC's subsidy
loan, shall not exceed 110% of the appraised value after rehabilitation.
3.8 Bank Loan: All loans requested in the amount of $50,000.00 or less must be
reviewed within ten working days from receipt of a complete loan package and 20
working days for all loans exceeding $50,000.00. Any loan application that is not
approved by the bank shall be returned to OHNC at 112 South 8th St., Yakima,
Washington 98901 stating the reason for the disapproval. Aggregate loans under
this Agreement shall not exceed $500,000.
Bank loan and OHNC loan will be signed simultaneously with OHNC being
recorded in a junior position. All loans shall have title insurance for coverage of the
entire encumbered amount.
3.9 Completion: OHNC shall be responsible for doing progress and final
inspections, and provide the lender with a report of the rehabilitation progress and
draw request. Bank reserves the right of inspection and/or the acceptance of
OHNC's inspection report.
3.10 Payment: It shall be the Owner's responsibility to request OHNC for a
construction inspection for payment certification. OHNC funds will be disbursed
payable to the bank. The certification is approved by the hank and a check made to
the owner and contractor with a copy sent to OHNC.
Upon request and receipt of final payment, all lien releases must be submitted.
3.11 Indemnity: It is understood that the bank shall retain sole and exclusive control
and responsibility for determining such matters as eligibility of its borrowers, the
actual loans to be made and the terms, conditions and closing thereof, the actual
improvements to he made and the extent and quality thereof and the right of the
suppliers and laborers to he paid. It is the intent hereof that the normal
responsibilities and obligations of the bank shall not in any manner be enlarged or
extended by reason of the fact that OHNC is and will be making subsidized loans
from government -derived funds.
3.12 Termination: This agreement shall remain in effect from date hereof until either
party gives at least 90 days written notice of termination to the other.
DATLD this -D day of r%&ti.<,
Office of Housing
Neighborh ► • . servation
B
yr of Community and
onromic Development
Dated: 3/4 5'
AI 1EST:
City Clerk
CM COMM ea ':L-13
Seattle First
(Bank)
By
;an . ren.
Title: c President
By: ..&•"444,10 cf--'47
anis S. Day
Title: Vice President
By Not Applicable
Title:
I. PARTIES
1.1
AGREEMENT
OFFICE OF HOUSING AND NEIGHBORHOOD CONSERVATION, a division
of the Department of Community and Economic Development of the City of
Yakima, a municipal corporation of the State of Washington ("OHNC" herein).
1.2 The undersigned bank (Central Valley Bank) ("bank" herein)
II. RECITALS
2.1 OHNC receives funds from the United States Department of Housing and Urban
Development (HUD), and other sources, which it will use for building
improvement loans and for loan subsidies to various qualified owners of rental
units.
2.2 OHNC desires to refer qualified borrowers to the bank in order to have a loan
written and funded by the bank.
2.3 OHNC desires to have bank administer and handle the details with regard to the
writing and repayment of the loans, recognizing that the bank is qualified and
experienced in such administration.
2.4 Bank agrees to handle such administration without charging origination, tax
service, and flood determination fees therefore, provided, that such administration
shall be subject to the terms and condition of this agreement. Investors will pay for
settlement costs and title policy at closing. The appraisal will be included in the
investor loan amount.
2.5 Both parties understand that OHNC intends to enter into similar agreements with
other bank(s), as well as the bank herein.
2.6 Both parties understand that this agreement will be used in conjunction with the
Rental Rehabilitation Program's policy and procedures dated May 1995, a copy of
which is attached hereto and incorporated herein.
III. AGREEMENT
3.1 Applications: OHNC shall take applications from investors for loans to fund the
rehabilitation of rental units. Application shall include a credit report, financial
statement, applicant's employment verification and last two years of federal tax
returns, preliminary title report and operating statements of the subject property.
All costs incurred by this application shall be assumed by OHNC.
3.2 Inspections: OHNC shall inspect the property applying the HUD Minimum
Property Standard for One and Two Dwellings, and make a inspection report for
the owner. The owner shall be required to accept bids from licensed and bonded
contractors and submit them to the OHNC for review and cost verification.
3.3 Loan Referral: OHNC shall submit the following documents to the bank for loan
acceptance:
a. Application
b. Credit report
c. Employment verification and/or two years of IRS
d. Financial Statement
e. Preliminary title report
f. Operating statement
g. Inspection report
h. Bids for rehabilitation of project
i. Formal appraisal indicating after rehabilitation fair market value
j. Existing loan(s) and balances on property
k. Subsidy analysis
3.4 Loan Term: The banks loan to the owner shall he a minimum of $2,000.00 and
be a minimum fixed term of 60 months and a maximum fixed term of 180 months,
3.5 Interest Rate: The percentage rate of interest for loans five years or less shall be
determined on the day of closing at 1.5% over the quoted prime interest rate as
printed in the Wall Street Journal for that day, and 2% over the quoted prime
interest rate on loans over a five year term.
3.6 Loan Position: All bank loans shall be afforded a _ >t or second priority . All
OHNC loans shall be in second or third priority, immediately junior to bank loans.
3.7 Maximum Loan: Total lender indebtedness combined with any current property
debt shall not exceed 80% of the appraised value of the subject property after
rehabilitation. The combination of all property debt, including OHNC's subsidy
loan, shall not exceed 110% of the appraised value after rehabilitation.
3.8 Bank Loan: All loans requested in the amount of $50,000.00 or less must be
reviewed within ten working days from receipt of a complete loan package and 20
working days for all loans exceeding $50,000.00. Any loan application that is not
approved by the bank shall be returned to OHNC at 112 South 8th St., Yakima,
Washington 98901 stating the reason for the disapproval.
Bank loan and OHNC loan will he signed simultaneously with OHNC being
recorded in a junior position. All Loans shall have title insurance for coverage of the
entire encumbered amount.
3.9 Completion: OHNC shall be responsible for doing progress and final
inspections, and provide the lender with a report of the rehabilitation progress and
draw request. Bank reserves the right of inspection and/or the acceptance of
OHNC's inspection report.
3.10 Payment: It shall be the Owner's responsibility to request OHNC for a
construction inspection for payment certification. OHNC funds will be disbursed
payable to the bank. The certification is approved by the bank and a check made to
the owner and contractor with a copy sent to OHNC.
Upon request and receipt of final payment, all lien releases must be submitted.
3.11 Indemnity: It is understood that the bank shall retain sole and exclusive control
and responsibility for determining such matters as eligibility of its borrowers, the
actual loans to be made and the terms, conditions and closing thereof, the actual
improvements to be made and the extent and quality thereof and the right of the
suppliers and laborers to be paid. It is the intent hereof that the normal
responsibilities and obligations of the hank shall not in any manner be enlarged or
extended by reason of the fact that OHNC is and will be making subsidized loans
from government -derived funds.
3.12 Termination: This agreement shall remain in effect from date hereof until either
party gives at least 90 days written notice of termination to the other.
DATED this 1S1" day of at., ns ,1995.
Office of Housi
Neighbor
and
ervation Central Valley Bank
(Bank)
By ._--
� .r of Community and
/' • omic D opment
Dated -
A 1' 1'EST:
City Clerk
Fry coorr cy re
Title: /L
ai
By:
Title: Ptizss` ci a "4
By
Title:
AGREEMENT
1. PARTIES
1.1 OFFICE OF HOUSING AND NEIGHBORHOOD CONSERVATION, a division
of the Department of Community and Economic Development of the City of
Yakima, a municipal corporation o1' the State of Washington ("OHNC" herein).
1.2 The undersigned S & L (Yakima Federal Savings & Loan) ("S & L" herein)
II. RECITALS
2.1 ()HNC receives funds from the United States Department of Housing and Urban
Development (HUD), and other sources, which it will use for building
improvement loans and for loan subsidies to various qualified owners of rental
units.
2.2 OHNC desires to refer qualified borrowers to the S & L in order to have a loan
written and funded by the S & L.
2.3 OHNC desires to have S & L administer and handle the details with regard to the
writing and repayment of the loans, recognizing that the S & L is qualified and
experienced in such administration.
2.4 S & L agrees to handle such administration without charging origination, tax
service, and flood determination fees therefore, provided, that such administration
shall be subject to the terms and condition of this agreement. Investors will pay for
settlement costs and title policy at closing. The appraisal will he included in the
investor loan amount.
2.5 Both parties understand that ()HNC intends to enter into similar agreements with
other S & L(s), as well as the S & L herein.
2.6 Both parties understand that this agreement will he used in conjunction with the
Rental Rehabilitation Program's policy and procedures dated May 1995, a copy of
which is attached hereto and incorporated herein.
III. AGREEMENT
3.1 Applications: OHNC shall take applications from investors for loans to fund the
rehabilitation of rental units. Application shall include a credit report, financial
statement, applicant's employment verification and last two years of federal tax
returns, preliminary title report and operating statements of the subject property.
All costs incurred by this application shall he assumed by OHNC.
3.2 Inspections: OHNC shall inspect the property applying the HUD Minimum
Property Standard for One and Two Dwellings, and make a inspection report for
the owner. The owner shall he required to accept bids from licensed and bonded
contractors and suhmit them to the OHNC for review and cost verification.
3.3 Loan Referral: OHNC shall suhmit the following documents to the S & L for
loan acceptance:
a. Application
h. Credit report
c. Employment verification and/or two years of IRS
d. Financial Statement
e. Preliminary title report
f. Operating statement
g. Inspection report
h. Bids for rehabilitation of project
i. Formal appraisal indicating after rehabilitation fair market value
j. Existing loan(s) and balances on property
k. Suhsidy analysis
3.4 Loan Term: The S & Ls loan to the owner shall he a minimum of $2,000.00 and
be a minimum fixed term of 60 months and a maximum fixed term of 180 months,
3.5 Interest Rate: The percentage rate of interest for loans less than five years shall
he determined on the day of closing at 1.5% over the quoted prime interest rate as
printed in the Wall Street Journal for that day, and 2% over the quoted prime
interest rate on loans over a five year term. The S & L at its discretion, and under
the same terms and conditions, may substitute the "national average cost of funds to
FSLC insurea savings and loan association" index for quoted prime interest rate
printed in the Wall Street Journal.
3.6 Loan Position: All S & L loans shall he afforded a first or second priority . All
OHNC loans shall be in second or third priority, immediately junior to S & L loans.
3.7 Maximum Loan: Total lender indebtedness combined with any current property
debt shall not exceed 80% of the appraised value of the subject property after
rehabilitation. The combination of all property debt, including OHNC's subsidy
loan, shall not exceed 1 I0% of the appraised value after rehabilitation.
3.8 S & L Loan: All loans requested in the amount of $50,000.00 or less must be
reviewed within ten working days from receipt of a complete loan package and 20
working days for all loans exceeding $50,000.00. Any loan application that is not
approved by the S & L shall he returned to OHNC at 112 South 8th St., Yakima,
Washington 98901 stating the reason for the disapproval.
S & L loan and OHNC loan will he signed simultaneously with OHNC being
recorded in a junior position. All loans shall have title insurance for coverage of the
entire encumbered amount.
3.9 Completion: OHNC shall he responsible for doing progress and final
inspections, and provide the lender with a report of the rehabilitation progress and
draw request. S & L reserves the right of inspection and/or the acceptance of
OHNC's inspection report.
3.10 Payment: It shall he the Owner's responsibility to request OHNC for a
construction inspection for payment certification. OHNC funds will he disbursed
payable to the S & L. The certification is approved by the S & L and a check made
to the owner and contractor with a copy sent to OHNC.
Upon request and receipt of final payment, all lien releases must he submitted.
3.11 Indemnity: It is understood that the S & L shall retain sole and exclusive control
and responsibility for determining such matters as eligibility of its borrowers, the
actual loans to he made and the terms, conditions and closing thereof, the actual
improvements to he made and the extent and quality thereof and the right of the
suppliers and laborers to he paid. It is the intent hereof that the normal
responsibilities and obligations of the S & L shall not in any manner be enlarged or
extended by reason of the fact that OHNC is and will he making subsidized loans
from government -derived funds.
3.12 Termination: This agreement shall remain in effect from date hereof until either
party gives at least 90 days written notice of termination to the other.
DATED this /1 4'1 -day oI'
Office of Housi and
Neighb.rhoo. Ponservation
11t e 'of Community and
`clic Develop' ent
►� ated:
A 1'I EST:
City Clerk
(:)
B
Yakim
,1995.
deral Savings & Loan
(S & L)
Title:
By:
Title: P
By
Title:
I. PARTIES
1.1
AGREEMENT
OFFICE OF HOUSING AND NEIGHBORHOOD CONSERVATION, a division
of the Department of Community and Economic Development of the City of
Yakima, a municipal corporation of the State of Washington ("OHNC" herein).
1.2 The undersigned bank (West One Bank, Eastern Washington) ("bank"
herein)
II. RECITALS
2.1 OHNC receives funds from the United States Department of Housing and Urban
Development (HUD), and other sources, which it will use for building
improvement loans and for loan subsidies to various qualified owners of rental
units.
2.2 OHNC desires to refer qualified borrowers to the hank in order to have a loan
written and funded by the hank.
2.3 OHNC desires to have hank administer and handle the details with regard to the
writing and repayment of the loans, recognizing that the hank is qualified and
experienced in such administration.
2.4 Bank agrees to handle such administration without charging origination, tax
service, and flood determination fees therefore, provided, that such administration
shall he subject to the terms and condition of this agreement. Investors will pay for
settlement costs and title policy at closing. The appraisal will be included in the
investor loan amount.
2.5 Both parties understand that OHNC intends to enter into similar agreements with
other bank(s), as well as the hank herein.
2.6 Both parties understand that this agreement will he used in conjunction with the
Rental Rehabilitation Program's policy and procedures dated May 1995, a copy of
which is attached hereto and incorporated herein.
III. AGREEMENT
3.1 Applications: OHNC shall take applications from investors for loans to fund the
rehabilitation of rental units. Application shall include a credit report, financial
statement, applicant's employment verification and last two years of federal tax
returns, preliminary title report and operating statements of the subject property.
All costs incurred by this application shall be assumed by OHNC.
3.2 Inspections: OHNC shall inspect the property applying the HUD Minimum
Property Standard for One and Two Dwellings, and make a inspection report for
the owner. The owner shall he required to accept kids from licensed and bonded
contractors and submit them to the OHNC for review and cost verification.
3.3 Loan Referral: OHNC shall submit the following documents to the bank for loan
acceptance:
a. Application
b. Credit report
c. Employment verification and/or two years of IRS
d. Financial Statement
e. Preliminary title report
f. Operating statement
g. Inspection report
h. Bids for rehabilitation of project
i. Formal appraisal indicating after rehabilitation fair market value
j. Existing loan(s) and balances on property
k. Subsidy analysis
3.4 Loan Term: The banks loan to the owner shall he a minimum of $2,000.00 and
he a minimum fixed term of 60 months and a maximum fixed term of 180 months,
3.5 Interest Rate: The percentage rate of interest for loans five years or less shall be
determined on the day of closing at 1.5% over the quoted prime interest rate as
printed in the Wall Street Journal for that day, and 2% over the quoted prime
interest rate on loans over a five year term.
3.6 Loan PosiL.on: All bank loans shall be afforded a iirst or second priority . All
OHNC loans shall be in second or third priority, immediately junior to bank loans.
3.7 Maximum Loan: Total lender indebtedness combined with any current property
debt shall not exceed 80% of the appraised value of the subject property after
rehabilitation. The combination of all property debt, including OHNC's subsidy
loan, shall not exceed 110% of the appraised value after rehabilitation.
3.8 Bank Loan: All loans requested in the amount of $50,000.00 or less must be
reviewed within ten working days from receipt of a complete loan package and 20
working days for all loans exceeding $50,000.00. Any loan application that is not
approved by the bank shall be returned to OHNC at 112 South 8th St., Yakima,
Washington 98901 stating the reason for the disapproval.
Bank loan and OHNC loan will be signed simultaneously with OHNC being
recorded in a junior position. All loans shall have title insurance for coverage of the
entire encumbered amount.
3.9 Completion: OHNC shall be responsible for doing progress and final
inspections, and provide the lender with a report of the rehabilitation progress and
draw request. Bank reserves the right of inspection and/or the acceptance of
OHNC's inspection report.
3.10 Payment: It shall be the Owner's responsibility to request OHNC for a
construction inspection for payment certification. OHNC funds will be disbursed
payable to the bank. The certification is approved by the bank and a check made to
the owner and contractor with a copy sent to OHNC.
Upon request and receipt of final payment, all lien releases must be submitted.
3.11 Indemnity: It is understood that the bank shall retain sole and exclusive control
and responsibility for determining such matters as eligibility of its borrowers, the
actual loans to be made and the terms, conditions and closing thereof, the actual
improvements to be made and the extent and quality thereof and the right of the
suppliers and laborers to be paid. It is the intent hereof that the normal
responsibilities and obligations of the bank shall not in any manner be enlarged or
extended by reason of the fact that OHNC is and will be making subsidized loans
from government -derived funds.
3.12 Termination: This agreement shall remain in effect from date hereof until either
party gives at least 90 days written notice of termination to the other.
DA 1't;D this day of ,1995.
Office of ous L and
Neighbo o I Co'', ervation
`,'actor of Community and
• _omic Development
Dated:fr
Al 'EST:
City Clerk
`,<
By // //
Title: (//ee.ti
By:
Title:
West 0 e Bank, Eastern Washington
(Bank)
By
Title:
AGREEMENT
I. PARTIES
OFFICE OF HOUSING AND NEIGHBORHOOD CONSERVATION, a division
of the Department of Community and Economic Development of the City of
Yakima, a municipal corporation of the State of Washington ("OHNC" herein).
1.2 The undersigned S & L (First Savings Bank of Washington) ("S & L"
herein)
II. RECITALS
2.1 OHNC receives funds from the United States Department of Housing and Urban
Development (HUD), and other sources, which it will use for building
improvement loans and for loan subsidies to various qualified owners of rental
units.
2.2 OHNC desires to refer qualified borrowers to the S & L in order to have a loan
written and funded by the S & L.
2.3 OHNC desires to have S & L administer and handle the details with regard to the
writing and repayment of the loans, recognizing that the 5 & L is qualified and
experienced in such administration.
2.4 S & L agrees to handle such administration without charging origination, tax
service, and flood determination fees therefore, provided, that such administration
shall he subject to the terms and condition of this agreement. Investors will pay for
settlement costs and title policy al closing. The appraisal will be included in the
investor loan amount.
2.5 Both parties understand that ()HNC intends to enter into similar agreements with
other S & L(s), as well as the S & L herein.
2.6 Both parties understand that this agreement will he used in conjunction with the
Rental Rehabilitation Program's policy and procedures dated May 1995, a copy of
which is attached hereto and incorporated herein.
III. AGREEMENT
3.1 Applications: 01 -INC shall take applications from investors for loans to fund the
rehabilitation of rental units. Application shall include a credit report, financial
statement, applicant's employment verification and last two years of federal tax
returns, preliminary title report and operating statements of the subject property.
All costs incurred by this application shall he assumed by OHNC.
3.2 Inspections: O1INC shall inspect the property applying the HUD Minimum
Property Standard for One and Two Dwellings, and make a inspection report for
the owner. The owner shall he required to accept bids from licensed and bonded
contractors and submit them to the OHNC for review and cost verification.
3.3 Loan Referral: 01 -INC shall submit the following documents to the S & L for
loan acceptance:
a. Application
h. Credit report
c. Employment verification and/or two years of IRS
d. Financial Statement
e. Preliminary title report
f. Operating statement
g. Inspection report
h. Bids for rehabilitation of project
i. Formal appraisal indicating after rehabilitation fair market value
j. Existing loan(s) and balances on property
k. Subsidy analysis
3.4 Loan Term: The S & Ls loan to the owner shall he a minimum of $2,000.00 and
he a minimum fixed term of 60 months and a maximum fixed term of 180 months,
3.5 Interest Rate: The percentage rate of interest for loans less than five years shall
he determined on the day of closing at 1.5%, over the quoted prime interest rate as
printed in the Wall Street Journal for that day, and 2% over the quoted prime
interest rate on loans over a five year term. The S & L at its discretion, and under
3.6 Loan Position: All S & L loans shall he afforded a first or second priority . All
OHNC loans shall he in second or third priority, immediately junior to S & L loans.
3.7 Maximum Loan: Total lender indebtedness combined with any current property
debt shall not exceed 80% of the appraised value of the subject property after
rehabilitation. The combination of all property debt, including OHNC's subsidy
loan, shall not exceed 110% of the appraised value after rehabilitation.
3.8 S & L Loan: All loans requested in the amount of $50,000.00 or less must be
reviewed within ten working days from receipt oI' a complete loan package and 20
working days for all loans exceeding $50,000.00. Any loan application that is not
approved by the S & L shall he returned to OHNC at 112 South 8th St., Yakima,
Washington 98901 stating the reason for the disapproval.
S & L loan and OHNC loan will he signed simultaneously with OHNC being
recorded in a junior position. All loans shall have title insurance for coverage of the
entire encumbered amount.
3.9 Completion: OHNC shall he responsible for doing progress and final
inspections, and provide the lender with a report of the rehabilitation progress and
draw request. S & L reserves the right of inspection and/or the acceptance of
OHNC's inspection report.
3.10 Payment: It shall he the Owner's responsibility to request OHNC for a
construction inspection for payment certification. OHNC funds will be disbursed
payable to the S & L. The certification is approved by the S & L and a check made
to the owner and contractor with a copy sent to OHNC.
Upon request and receipt of final payment, all lien releases must be submitted.
3.11 Indemnity: It is understood that the S & L shall retain sole and exclusive control
and responsibility for determining such matters as eligibility of its borrowers, the
actual loans to he made and the terms, conditions and closing thereof, the actual
improvements to he made and the extent and quality thereof and the right of the
suppliers and laborers to he paid. it is the intent hereof that the normal
responsibilities and obligations of the S & L shall not in any manner be enlarged or
extended by reason of the fact that OHNC is and will he making subsidized loans
from government -derived funds.
3.12 Termination: This agreement shall remain in effect from date hereof until either
party gives at least 90 days written notice of termination to the other.
DATED this /..5—‘1‘d ay of — ,1995.
Office of Housi and
Neighbor o. %nservation
Dated:
ctor of Community and
n i , e pment
A l"1'bST:
City Clerk
ML'
First Savings Bank of Washington
(S & L)
B yc�
/69
Title: /CF ?#6-: JF
By: K
Title:
5c- s LJ' L Ga`p�rz s I D g J
By
Title:
AGREEMENT
I. PARTIES
1.1 OFFICE OF HOUSING AND NEIGHBORHOOD CONSERVATION, a division
of the Department of Community and Economic Development of the City of
Yakima, a municipal corporation of the State of Washington ("OHNC" herein).
1.2 The undersigned bank (Pioneer National Bank) ("hank" herein)
II. RECITALS
2.1 OHNC receives funds from the United States Department of Housing and Urban
Development (HUD), and other sources, which it will use for building
improvement loans and for loan subsidies to various qualified owners of rental
units.
2.2 OHNC desires to refer qualified borrowers to the bank in order to have a loan
written and funded by the hank.
2.3 OHNC desires to have hank administer and handle the details with regard to the
writing and repayment of the loans, recognizing that the bank is qualified and
experienced in such administration.
2.4 Bank agrees to handle such administration without charging origination, tax
service, and flood determination fees therefore, provided, that such administration
shall he subject to the terms and condition of this agreement. Investors will pay for
settlement costs and title policy at closing. The appraisal will he included in the
investor loan amount.
2.5 Both parties understand that. OHNC intends to enter into similar agreements with
other hank(s), as well as the hank herein.
2.6 Both parties understand that this agreement will he used in conjunction with the
Rental Rehabilitation Program's policy and procedures dated May 1995, a copy of
which is attached hereto and incorporated herein.
III. AGREEMENT
3.1 Applications: OHNC shall take applications from investors for loans to fund the
rehahilitation of rental units. Application shall include a credit report, financial
statement, applicant's employment verification and last two years of federal tax
returns, preliminary title report and operating statements of the subject property.
All costs incurred by this application shall be assumed by OHNC.
3.2 Inspections: OHNC shall inspect the property applying the HUD Minimum
Property Standard for One and Two Dwellings, and make a inspection report for
the owner. The owner shall he required to accept bids from licensed and bonded
contractors and submit them to the OHNC for review and cost verification.
3.3 Loan Referral: OHNC shall submit the following documents to the hank for loan
acceptance:
a. Application
h. Credit report
c. Employment verilication and/or two years of IRS
d. Financial Statement
e. Preliminary title report
f. Operating statement
g. Inspection report
h. Bids for rehahilitation of project
i. Formal appraisal indicating after rehabilitation fair market value
j. Existing loan(s) and balances on property
k. Subsidy analysis
3.4 Loan Term: The hanks loan to the owner shall he a minimum of $2,000.00 and
he a minimum fixed term of 60 months and a maximum fixed term of 180 months,
3.5 Interest Rate: The percentage rate of interest for loans five years or less shall be
determined on the day of closing at 1.5% over the quoted prime interest rate as
printed in the Wall Street Journal for that day, and 2% over the quoted prime
interest rate on loans over a five year term.
3.6 Loan Position: All bank loans shall be afforded a itrst or second priority . All
OHNC loans shall be in second or third priority, immediately junior to bank loans.
3.7 Maximum Loan: Total lender indebtedness combined with any current property
debt shall not exceed 80% of the appraised value of the subject property after
rehabilitation. The combination of all property debt, including OHNC's subsidy
loan, shall not exceed 110% of the appraised value after rehabilitation.
3.8 Bank Loan: All loans requested in the amount of $50,000.00 or less must be
reviewed within ten working days from receipt of a complete loan package and 20
working days for all loans exceeding $50,000.00. Any loan application that is not
approved by the bank shall be returned to OHNC at 112 South 8th St., Yakima,
Washington 98901 stating the reason for the disapproval.
Bank loan and OHNC loan will be signed simultaneously with OHNC being
recorded in a junior position. All loans shall have title insurance for coverage of the
entire encumbered amount.
3.9 Completion: OHNC shall he responsible for doing progress and final
inspections, and provide the lender with a report of the rehabilitation progress and
draw request. Bank reserves the right of inspection and/or the acceptance of
OHNC's inspection report.
3.10 Payment: It shall he the Owner's responsibility to request OHNC for a
construction inspection for payment certification. OHNC funds will be disbursed
payable to the bank. The certification is approved by the bank and a check made to
the owner and contractor with a copy sent to OHNC.
Upon request and receipt of final payment, all lien releases must be submitted.
3.11 Indemnity: It is understood that the hank shall retain sole and exclusive control
and responsibility for determining such matters as eligibility of its borrowers, the
actual loans to be made and the terms, conditions and closing thereof, the actual
improvements to be made and the extent and quality thereof and the right of the
suppliers and laborers to he paid. It is the intent hereof that the normal
responsibilities and obligations of the hank shall not in any manner he enlarged or
extended by reason of the fact that OHNC is and will be making subsidized loans
from government -derived funds.
3.12 Termination: This agreement shall remain in effect from date hereof until either
party gives at least 90 days written notice of termination to the other.
DATED this / day of ,1995.
Office of ousin and
Neighbor i . e rid servation
fif
Kiv
ector of Communit and
conomic Develo r ent
Dated:
ATTEST:
City Clerk
By
Title:
By:
Title:
Pioneer National Bank
ank)
By
Title:
I. PARTIES
1.1
AGREEMENT
OFFICE OF HOUSING AND NEIGHBORHOOD CONSERVATION, a division
of the Department of Community and Economic Development of the City of
Yakima, a municipal corporation of the State of Washington ("OHNC" herein).
1.2 The undersigned bank (First Interstate Bank) ("bank" herein)
II. RECITALS
2.1 OHNC receives funds from the United States Department of Housing and Urban
Development (HUD), and other sources, which it will use for building
improvement loans and for loan subsidies to various qualified owners of rental
units.
2.2 OHNC desires to refer qualified borrowers to the bank in order to have a loan
written and funded by the bank.
2.3 OHNC desires to have bank administer and handle the details with regard to the
writing and repayment of the loans, recognizing that the bank is qualified and
experienced in such administration.
2.4 Bank agrees to handle such administration without charging origination, tax
service, and flood determination fees therefore, provided, that such administration
shall be subject to the terms and condition of this agreement. Investors will pay for
settlement costs and title policy at closing. The appraisal will be included in the
investor loan amount.
2.5 Both parties understand that OHNC intends to enter into similar agreements with
other bank(s), as well as the bank herein.
2.6 Both parties understand that this agreement will be used in conjunction with the
Rental Rehabilitation Program's policy and procedures dated May 1995, a copy of
which is attached hereto and incorporated herein.
III. AGREEMENT
3.1 Applications: OHNC shall take applications from investors for loans to fund the
rehabilitation of rental units. Application shall include a credit report, financial
statement, applicant's employment verification and last two years of federal tax
returns, preliminary title report and operating statements of the subject property.
All costs incurred by this application shall be assumed by OHNC.
3.2 Inspections: OHNC shall inspect the property applying the HUD Minimum
Property Standard for One and Two Dwellings, and make a inspection report for
the owner. The owner shall he required to accept bids from licensed and bonded
contractors and submit them to the OHNC for review and cost verification.
3.3 Loan Referral: OHNC shall submit the following documents to the bank for loan
acceptance:
a. Application
b. Credit report
c. Employment verification and/or two years of IRS
d. Financial Statement
e. Preliminary title report
f. Operating statement
g. Inspection report
h. Bids for rehabilitation of project
i. Formal appraisal indicating after rehabilitation fair market value
j. Existing loan(s) and balances on property
k. Subsidy analysis
3.4 Loan Term: The banks loan to the owner shall he a minimum of $2,000.00 and
be a minimum fixed term of 60 months and a maximum fixed term of 180 months,
3.5 Interest Rate: The percentage rate of interest for loans five years or less shall be
determined on the day of closing at 1.5% over the quoted prime interest rate as
printed in the Wall Street Journal for that day, and 2% over the quoted prime
interest rate on loans over a five year term.
3.6 Loan Position: All bank loans shall be afforded a First or second priority . All
OHNC loans shall be in second or third priority, immediately junior to bank loans.
3.7 Maximum Loan: Total lender indebtedness combined with any current property
debt shall not exceed 80% of the appraised value of the subject property after
rehabilitation. The combination of all property debt, including OHNC's subsidy
loan, shall not exceed 110% of the appraised value after rehabilitation.
3.8 Bank Loan: All loans requested in the amount of $50,000.00 or less must be
reviewed within ten working days from receipt of a complete loan package and 20
working days for all loans exceeding $50,000.00. Any loan application that is not
approved by the bank shall be returned to OHNC at 112 South 8th St., Yakima,
Washington 98901 stating the reason for the disapproval.
Bank loan and OHNC loan will be signed simultaneously with OHNC being
recorded in a junior position. All loans shall have title insurance for coverage of the
entire encumbered amount.
3.9 Completion: OHNC shall he responsible for doing progress and final
inspections, and provide the lender with a report of the rehabilitation progress and
draw request. Bank reserves the right of inspection and/or the acceptance of
OHNC's inspection report.
3.10 Payment: It shall be the Owner's responsibility to request OHNC for a
construction inspection for payment certification. OHNC funds will be disbursed
payable to the bank. The certification is approved by the bank and a check made to
the owner and contractor with a copy sent to OHNC.
Upon request and receipt of final payment, all lien releases must he submitted.
3.11 Indemnity: It is understood that the bank shall retain sole and exclusive control
and responsibility for determining such matters as eligibility of its borrowers, the
actual loans to be made and the terms, conditions and closing thereof, the actual
improvements to he made and the extent and quality thereof and the right of the
suppliers and laborers to he paid. It is the intent hereof that the normal
responsibilities and obligations of the bank shall not in any manner be enlarged or
extended by reason of the fact that OHNC is and will be making subsidized loans
from government -derived funds.
3.12 Termination: This agreement shall remain in effect from date hereof until either
party gives at least 90 days written notice of termination to the other.
DATED this /5' day of ,1995.
Office of Housin nd
Neighborl old , 1 servation
B�, �,moi
Or roi
• of Community and
,✓ onomic Develo s 1 ent
aced:
ATTEST:
City Clerk
First Interstate Bank
(Bank)
By
Title: iJ
By:
Title:
By
Title:
I. PARTIES
1.1
AGREEMENT
OFFICE OF NEIGHBORHOOD DEVELOPMENT SERVICES, a division of the
Department of Community and Economic Development of the City of Yakima, a
municipal corporation of the State of Washington ("ONDS" herein).
1.2 The undersigned bank Key Bank of Washington ("bank" herein)
II. RECITALS
2.1 ONDS receives funds from the United States Department of Housing and Urban
Development (HUD), and other sources, which it will use for building
improvement loans and for loan subsidies to various qualified owners of rental
units.
2.2 ONDS desires to refer qualified borrowers to the bank in order to have a loan
written and funded by the bank.
2.3 ONDS desires to have bank administer and handle the details with regard to the
writing and repayment of the loans, recognizing that the bank is qualified and
experienced in such administration.
2.4 Bank agrees to handle such administration without charging origination, tax
service, and flood determination fees therefore, provided, that such administration
shall be subject to the terms and condition of this agreement. Investors will pay for
settlement costs and title policy at closing. The appraisal will be included in the
investor loan amount.
2.5 Both parties understand that ONDS intends to enter into similar agreements with
other bank(s), as well as the bank herein.
2.6 Both parties understand that this agreement will be used in conjunction with the
Rental Rehabilitation Program's policy and procedures dated May 1995, a copy of
which is attached hereto and incorporated herein.
III. AGREEMENT
3.1 Applications: ONDS shall take applications from investors for loans to fund the
rehabilitation of rental units. Application shall include a credit report, financial
statement, applicant's employment verification and last two years of federal tax
returns, preliminary title report and operating statements of the subject property.
All costs incurred by this application shall be assumed by ONDS.
3.2 Inspections: ONDS shall inspect the property applying the HUD Minimum
Property Standard for One and Two Dwellings, and make a inspection report for
the owner. The owner shall be required to accept bids from licensed and bonded
contractors and submit them to the ONDS for review and cost verification.
3.3 Loan Referral: ONDS shall submit the following documents to the bank for loan
acceptance:
a. Application
b. Credit report
c. Employment verification and/or two years of IRS
d. Financial Statement
e. Preliminary title report
f. Operating statement
g . Inspection report
h. Bids for rehabilitation of project
i. Formai appraisal indicating after rehabilitation fair market value
j . Existing loan(s) and balances on property
k. Subsidy analysis
3.4 Loan Term: The banks loan to the owner shall be a minimum of $2,000.00 and
be a minimum fixed term of 60 months and a maximum fixed term of 180 months,
3.5 Interest Rate: The percentage rate of interest for loans five years or less shall be
determined on the day of closing at 1.5% over the quoted prime interest rate as
printed in the Wall Street Journal for that day, and 2% over the quoted prime
interest rate on loans over a five year term.
3.6 Loan Position: All bank loans shall be afforded a first or second priority. All ONDS
loans shall be in second or third priority, immediately junior to bank loans.
3.7 Maximum Loan: Total lender indebtedness combined with any current property
debt shall not exceed 80% of the appraised value of the subject property after
rehabilitation. The combination of all property debt, including ONDS's subsidy
loan, shall not exceed 110% of the appraised value after rehabilitation.
3.8 Bank Loan: All loans requested in the amount of $50,000.00 or less must be
reviewed within ten working days from receipt of a complete loan package and 20
working days for all loans exceeding $50,000.00. Any loan application that is not
approved by the bank shall be returned to ONDS at 112 South 8th St., Yakima,
Washington 98901 stating the reason for the disapproval.
3.9 Completion: ONDS shall be responsible for doing progress and final inspections,
and provide the lender with a report of the rehabilitation progress and draw request.
Bank reserves the right of inspection and/or the acceptance of ONDS's inspection
report.
3.10 Payment: It shall be the Owner's responsibility to request ONDS for a construction
inspection for payment certification. ONDS funds will be disbursed payable to the
bank. The certification is approved by the bank and a check made to the owner and
contractor with a copy sent to ON DS.
Upon request and receipt of final payment, all lien releases must be submitted.
3.11 Indemnity: It is understood that the bank shall retain sole and exclusive control and
responsibility for determining such matters as eligibility of its borrowers, the actual
loans to be made and the terms, conditions and closing thereof. ONDS will assume
control and responsibility of the actual improvements to be made and the extent
and quality thereof, and authorization of the suppliers and laborers to be paid. It is
the intent hereof that the normal responsibilities and obligations of the bank shall
not in any manner be enlarged or extended by reason of the fact that ONDS is and
will be making subsidized loans from government -derived funds.
3.12 Termination: This agreement shall remain in effect from date hereof until either
party gives at lest 90 days written notice of termination to the other.
DATED this / 7 day of , 1996.
Office of Neighborhood
Development
By:
Ec
Dated:
Community and
Development
/D
ATTEST:
City Clerk
Orr'? CONTRACT NO:
R'S".Y«.U71OK No: -235-- % I
2 of 2
Key Bank of Washington
(Ba
By:
Title: 5
By:
Title: 4/✓Q
By:
City of Yakima
Department of Community and Economic Development
OFFICE OF HOUSING AND NEIGHBORHOOD CONSERVATION
112 S. 8th Street
Yakima, WA. 98901
Rental Rehabilitation Program
Policy and Procedure Manual
May 1995
The purpose of this program is to provide affordable funds to investors for
the rehabilitation of rental units and to retain the existing rent structure of
low/moderate income tenants. This program is a joint venture between the
City of Yakima Office of Housing and Neighborhood Conservation and local
lending institutions.
Applications:
Applications are accepted on a first come, first serve voluntary basis from
investors who own rental property within the City of Yakima's target area
(east of 16th Avenue within the City Limits). When necessary, a waiting list
is compiled and selection is determined by order of list and/or funding
priority according to funding availability.
Marketing:
The Rental Rehabilitation Marketing Strategy will be used to attract
investors to the program (Exhibit A)
Investors Applications:
All applications for the Rental Rehabilitation Program shall adhere to the
following requirements:
1. Units must be located in the target area (Exhibit B)
2. Submit documentation of the operating expenditures and
estimated monthly income of the rental unit after rehabilitation
(Exhibit C).
3. Sign release forms so the following information can be ordered:
a Credit reports, disclosing the credit history of the investor.
Judgments and/or liens must be satisfied prior to
participation.
b. Current employment verification (Exhibit D).
c. Mortgage verification indicating present balances, and the
amount of monthly payments (Exhibit E). All prior loans
must be current.
4. Submit Financial Statement (Exhibit F).
5. Preliminary title report on the proposed rental unit will be
ordered. Title reports indicating more than one contract of sale,
clouds, liens or third party ownership must be satisfied prior to
participation in the program.
Property Inspection:
Rental units are inspected by the Housing Division. An inspection report
listing the items that need to be addressed will be prepared and submitted
to the owner (Exhibit G).
The owner shall submit three bids on the proposed work. If the project is
to be self-help, the owner will submit his subcontractor's bids and material
costs along with two other general contractor bids.
The Housing Division will review the bid sheet submitted by the investor
(Exhibit H). Bids must reflect current market conditions as determined by
the Housing Division, and indicate contractor selection.
The Housing Division will order an appraisal based on "after rehabilitation"
value, if the loan application is submitted to a banking institution. Savings
and loan institutions accomplish their own appraisals prior to loan review.
The appraiser will receive a copy of the work write-up and bid amount to
determine after rehabilitation value.
The Housing Division will complete an environmental review (Exhibit I).
Any adverse conditions will be addressed by the Housing Division for remedy
or mitigation.
Loan Processing:
A subsidy analysis will be prepared by OHNC and included in the loan
package (Exhibit J). This subsidy analysis will determine the affordable loan
from the lending institutions and the balance necessary from the Housing
Division.
The share of each contribution will be based on the cash flow of the
property. Cash flow is the difference between the amount of income from
the property less the amount of operating expenditures.
Loan determination is based on the amount of cash flow available to purchase
a private market loan at 1.5% over prime rate for a five year term, or 2.0%
over prime rate for a ten or fifteen year term. The public contribution to
each loan will be the difference between the purchasing power of the cash
flow, and the amount necessary for rehabilitation. The investor will pay for
settlement costs and title policy for bank and OHNC loans at closing. The
appraisal fee will be included in the investor's loan.
Public sector loans shall be repaid after the private loan at the same monthly
payment rate established at closing and accrue a 1% annual interest rate
throughout the loan term.
The maximum debt service for any individual property will be 80% of the
fair market value after rehabilitation. This factor includes existing debt and
any proposed new debt with the lender. The addition of OHNC's subsidy
amount will not exceed 110% of the after rehabilitation value.
After the determination of the amount of loan indicating the public and
private parties funding amounts, a loan package will be assembled and
submitted to the lending institution. This package includes the following
documents:
1. Cover letter requesting review (Exhibit K)
2. Application (Exhibit L)
3. Operating Statement
4. Subsidy Analysis
5. Preliminary title search
6. Mortgage verification
7. Property Appraisal, (if the package is submitted to a banking
institution)
8. Inspection Report
9. Bid Sheet
10. Investor's financial statement
11. Employment Verification
12. 2 years IRS
The lender is selected based on: 1) Investor's current lender, 2) Project
matched to bank ,preference of loan type (i.e., small vs. large loans, etc.), and
3) Rotating basis.
A participating lending institution has the option to review, accept and/or
reject a loan package. If rejected, the lending institution will return the
loan package together with a letter indicating reasons for disqualification.
The Housing Division will review the transmittal of disqualification to seek
remedy or reconsideration.
With acceptance of a loan package, the lending institution will arrange for
signing and recording all of the loan closing documents and title insurance
for both loans. OHNC will forward the following documents to the closer for
signatures: Deed of Trust, Promissory Note, Truth -in -Lending Disclosures,
and Owner's Certification(Exhibit M).
The Housing Division will issue federally required lead-based paint
disclosure information to the investor with copies to distribute to their
tenants (Exhibit N). Investors will also receive a copy of Marketing
Documentation (Exhibit 0).
Rehabilitation
The investor will utilize a formal agreement with their contractor (Exhibit
P), or the self-help agreement between the owner and the lending
institution (Exhibit Q).
The Housing Division shall monitor all rehabilitation work and prepare a
draw request that certifies the completion for progress payments (Exhibit
R). Lender reserves the right to perform their own inspection in
conjunction with the OHNC inspection. OHNC's subsidy amount will be
expended first unless a refinance is part of the transaction, in which case
the lender funds will be expended first.
OHNC's funds will be made payable to the lender for their disbursement to
the investor. An application for payment summary will be prepared by
OHNC and provided to the lender for the investor's signature when he picks
up check (Exhibit S). This summary is provided for both OHNC and lender
funds and copies are issued for investor, lender and OHNC.
The investor will secure all lien releases upon completion of the
rehabilitation. The Housing Division will certify the rehabilitation work is
completed in accordance with Section 8 Federal Housing Standards.
Occupancy
Following completion of the rehabilitation, OHNC will request the investor
to fill out a tenant report (Exhibit T). This information is then available for
OHNC's annual reporting.
Relocation:
OHNC will notify tenants by letter of the investor's intent to rehabilitate the
property and their rights under relocation (Exhibit U). If tenants require
temporary relocation, the owner of the building will pay temporary
relocation or will provide a comparable unit to the tenant, in conformance
with the City's Displacement and Relocation Policy (Exhibit V). If
displacement occurs through no fault of the tenant, the City of Yakima's
Displacement Relocation Policy will be implemented at a cost incurred by
the investor.
Other:
This program imposes no application fee, points or administration fee. The
fee for appraisals will be incorporated into the loan. The fees for title
insurance and title company escrow fee will be paid by the investor at time
of closing.
For investors who submit more than one project to the program over the
years, the maximum debt allowed shall not exceed the total amount of
liability for all loans less the amount of equity value. The total debt cannot
exceed $50,000 on individual property ownership or $100,000 in
ownership consisting of more than one party, partnerships, corporation, etc.
Appeals:
All Housing Division's decisions on disqualification of any investor's
application may be appealed through the administration of the City of Yakima
(Exhibit W).
EXHIBIT A
CITY OF YAKIMA - OFFICE OF HOUSING AND NEIGHBORHOOD CONSERVATION
RENTAL REHABILITATION MARKETING STRATEGY
It is the intent and purpose to project marketing to investors/owners having properties within the
designated target area and need in excess of $1,000 in rehabilitation.
Priority will be given to applicants who have existing occupied units in substandard condition and
have two or more bedrooms in each dwelling unit.
STEP I HOUSING SURVEY
1. The Office of Housing and Neighborhood Conservation will do ownership
surveys to indicate the number of owners of rental property and their
addresses for future contact and program notification.
STEP II HOUSING SURVEY
1. The Office of 1 -lousing and Neighborhood Conservation will mail program
flyers to each rental owner giving the basic information of the Rental
Rehabilitation Program and where to make application.
STEP III TARGET PROPERTIES
1. The Office of Housing and Neighborhood Conservation will make field
inspections of larger units that appear to be in need of rehabilitation.
2. Personal letters will he sent to these property owners offering assistance in
bringing these units up to a minimum housing quality standard.
STEP IV MEDIA ADVERTISING
1. Newspaper ads will be placed in the real estate section of papers soliciting
program participation in the Rental Rehabilitation Program.
2. Posters will he made and placed in strategic places visited by owners,
including associations, clubs and public areas.
3. Public service arnotn anentswillbeformulated and aired on both TV and radio.
STEP V PERSONAL CONTACTS
1. Presentations explaining the program will he presented to groups, clubs,
and associations.
2. Representatives of real property owners will he contacted for meetings to
talk about the benefits of the program.
3. Meetings will he held with agencies and groups who have tenant contacts
and they can encourage the owners of their buildings to apply for the
program.
After the completion of the five step marketing strategy, an evaluation will be used to determine the
strength, weakness, and the best response to each action.
If participation is minimal and needs to be further addressed, the program itself will be evaluated to
see if any changes need to be made to assist in furthering participation.
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EXHIBIT C
RENTAL OPERATING STATEMENT
INVESTOR'S NAME
RENTAL ADDRESS NUMBER OF UNITS
TOTAL
SRO @ $ EA. $
__1 -BR @ $ EA. $
2 -BR @ $ EA. $
3 -BR @ $ EA. $
4 -BR @ $ EA . $
TOTAL
LESS 5% VACANCY
MONTHLY NET INCOME
ESTIMATED OPERATING DATA
FIXED
Mortgage payment(s)
Real Estate Taxes
Insurance
Personal Property Tax
Irrigation Assessment
ADMINISTRATIVE
Advertising
Management
OPERATIONAL
Maintenance
Water, Sewer, Garbage
Heat, Air Conditioning
Reserves
Other (10% Profit)
$
ANNUALLY MONTHLY
TOTAL MONTHLY EXPENSES $
APPROXIMATE PROPERTY CASH FLOW
EXHIBIT D
Form Approved
OMB No. 6311-1062
PRIVACY ACT NOTICE: This information is to be used by the agency collcc•
ting It in determining whether you quality as a prosepctive rnortgauOr wider hs
program. 11 will not be disclosed outride the agency without your consent ex•
cep! to your employer(*) for verification of employment and as required and
permitted by law. You do 001 have to give us this information, but it you do
not your application for approval al a prospective mortgagor may be delayed
or rejected. The Information requested In this form Is authorized by Title 313,
U.S.C., Chapter 37 111 VAI: by 12 U.S.C.,Section 1701 et.saq. III HUD/FHAI
and Title 42 U.S.C., 1471 et.seq., or U.S.C., 1921 et.seq. 111 U.S.D.A. FrnitA).
VETERANS ADMINISTRATION.
U.S.O.A. FARMERS HOME ADMINISTRATION, AND
U.S.DEPAIITMENT OF HOUSING AND URBAN DEVELOPMENT
HOUSING • FEDERAL HOUSING COMMISSIONER
REQUEST FOR VERIFICATION
OF EMPLOYMENT
INSTRUCTIONS
LENDER: Complete Items I through 7. Have the applicant complete item
d forward the completed form directly to the employer named in Item I.
EMPLOYER: Complete either Pant 11 and IV or
Parts III and IV. Return hunt directly to Lender
named in Item 2 01 Part I.
PART I •
REQUEST
I. TO; (Name and Address of Employed
2. FROM: (Name and Address oh Lender)
Office of Housing & Neighborhood Conser.
112 S. 8th St.
Yakima, Wa, 98901
3. /certify that this verl(Icatlon has been sant directly to the employer
other
4. TITLE OF LENDER
5. DATE
and has not passed through the hands of the applicant or any
interestedparry.
G. FHA,VA. or FrnHA NUMIIER
I have applied lar a mortgage loan end snared shut 1 am/was employed by
below vrrilicatian 01 my
(Signature of Lender)
you. My signature tri dw block din/Willa
employment information.
7. NAME ANO ADDRESS OF APPLICANT
0. EMP'LOYEE'S IOLNTIFICATION
SIGNATURE OF APPLICANT
PART II • VERIFICATION OF PRESENT EMPLOYMENT
EMPLOYMENT DATA
PAY DATA
0. APPLICANT'S DATE OF EMPLOYMENT
12A. BASE PAY
FOR MILITARY
PERSONNEL ONLY
■ ANNUAL G HOURLY
10. PRESENT POSITION
❑ MONTHLY ❑ WEEKLY
Type
Monthly Amount
• OTHER (Specify)
BASE PAY
$
11. PROI3AIIILITY OF CONTINUED EMPLOYMENT
RATIONS
$
12B. EARNINGS
Type
Year to Date
Past Year
FLIGHT OR
HAZARD
$
BASE PAY
$
$
CLOTHING
$
13. IF OVERTIME OR BONUS IS APPLICABLE, I5 ITS
CONTINUANCE LIKELY?
OVERTIME
$
$
QUARTERS
$
OVERTIME ■Yes • No
COMMISSIONS
$
$
PRO PAY
$
BONUS ❑ Yes ❑ No
'
BONUSOVERSEAS
$
$
011 COMBAT
$
14. REMARKS (Il paid hourly, please Indicate average hour worked each week during current and past year(
PART III • VERIFICATION OF PREVIOUS EMPLOYMENT
15. DATES OF EMPLOYMENT
•
16.SALARY/WAGE AT TERMINATION PER IYEAR) IMONTHI IWEEK)
BASE OVERTIME COMMISSIONS BONUS
17. REASONS FOR LEAVING
10. POSITION HELD
PART IV - CERTIFICATION
"Federal statutes provide severe penalties for arty fraud, intentional mIuapre;antation, or criminal connivance or conspiracy purposed to influence
the Iowan, of any guaranty or insurance by the VA Administrator, the HUD/FHA Commissioner, or the USOA Farmers Home Administrator."
19. BIUNATUIIE
170. TITLE OF EMPI.t1YEli 21. DATE
I --i
Previous Editions are Obsolete
RETURN DIRECTLY TO SENDER
HUD -9.!0041g VA•26.84')7, FmHA•410.5 112.191
EXHIBIT E
Form Approved
OMB No 63—R1236
HUD -6239
(10-70)
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
REQUEST FOR VERIFICATION OF MORTGAGE
OR DEED OF TRUST
(Section 312, Rehabilitation Loan Program)
c.
APPLICATION NUMBER
d. DATE OF REQUEST
a• NAME, ADDRESS AND ZIP CODE OF APPLICANT FOR LOAN
C. ADDRESS OF MORTGAGED PROPERTY
NOTE TO MORTGAGEE
The applicant identified to the left has applied for a Fed-
eral loan for rehabilitation of the above property under
Section 312 of the lfousing Act of 1964, as amended . The
applicant has authorized this Agency in writing to obtain
verification of the status of existing mortgages on the
property from any source named in the application. The
requested information in this verification of mortgage is
for the confidential use of this Agency and the U.S . De-
partment of Housing and Urban Development . Please fur-
nish the information requested below and return this form,
using the stamped, addressed envelope provided .
b. NAME, ADDRESS AND ZIP CODE OF MORTGAGEE
MORTGAGE DATA
1. FINANCIAL DATA:
2. TYPE OF MORTGAGE:
F----1 CONVENTIONAL
Li FHA
Li VA
DATE OF MORTGAGE
ORIGINAL AMOUNT
DATE OF MATURITY
PRESENT BALANCE
$
MONTHLY PAYMENT TO: $
PRINCIPAL & INTEREST
3. ARE PAYMENTS CURRENT?
I-1 YES L_1 NO
IF NOT, STATE:
AMOUNT IN ARREARS
PERIOD
¢¢•.
MORTGAGE INSURANCE PREMIUM .D
REAL ESTATE TAXES
FIRE INSURANCE $
4. STATE THE AMOUNT OF TERMINATION FEE OR PREPAYMENT
PENALTY PAYABLE UPON FULL PREPAYMENT OF THE LOAN
TOTAL MONTHLY PAYMENT $
f• OTHER REMARKS:
5. HAS THIS ACCOUNT BEEN SATISFACTORY?
1 IYES
1 Ho
g• AUTHORIZATION BY APPLICANT:
I authorize the mortgagee to furnish to the Public Body (identified in Block i.) the information regarding the
mortgage identified above.
(Date of Authorization) (Signature)
h. SIGNATURE OF MORTGAGEE
The above information is furnished in strict confi-
dence, in response to your request .
I. NAME, ADDRESS AND ZIP CODE OF AGENCY TO WHICH
FORM IS TO BE RETURNED
HOUSING SERVICES CENTER
112 SOUTH ROI STREET
YAKIMA, WASHINGTON 98901
PHONE: 575-6101
(Date) (Signature)
(Title)
2381 14—P
HUD—Wash. D.C.
To.
Name
Address _.
INDIVIDUAL FINANCIAL STATEMENT
EXHIBIT t
(Lender)
Date of Birth
Zip Code
CHECK AS APPLICABLE Applicant is applying for this loan:
Individually, without a co-signer or guaranty of a relative or other person(s) or entity
[1 Jointly, with the co -signature or guaranty of one or more persons or entities (including any existing guarantors).
NAMES OF OTHER PERSON(S) AND ENTITY(IES)
PLEASE INDICATE OR PROVIDE EXPLANATION RELATING TO ANY ASSETS OWNED JOINTLY OR LIABILITIES
OWED WITH OTHERS (ATTACH ADDITIONAL SCHEDULES AND EXPLANATORY NOTES IF NECESSARY )
STATEMENT OF FINANCIAL CONDITION OF
AS OF
19
ASSETS
AMOUNT
LIABILITIES
AMOUNT
Cash
SCHEDULE A
Notes
& Loans
Payable
Other an
[ Th
Real Estate j
SCHEDULE G
Notes Payable to Banks
Notes & Loans Payable (Other)
In this Institution
Other Banks or Savings & Loans
As Guarantor 00 Notes/Conti acts
Stocks
& Bonds
SCIWEDULE B
Insurance
Loans
SCHEDULE C
1 of Taxes
Marketable Securities
Others
Tax
Fax Refund Due
Other (Describe)
Taxes Owed
Other Income (Describe)'
Insurance
SCHEDULE C
Accounts
& Bills
Payable
SCHEDULE H
Bankcharge Cards
Open & Revolving Accounts
Other
Cash Value
Accounts
&
Notes
Receivable
SCHEDULE D
$
F()TAI. EXPENSES
$
Real
Estate
SCHEDULE E
Real
Estate
Notes &
Contracts
Payable
SCHEDULE E
Residences)
Unimproved Land
Income Property(es)
Other
Residences)
I lirirnproved Land
;
Income Propertyties)
Other
Other
Assets
SCHEDULE F
Other
Liabilities
SCHEDULE
Other Assets &
Personal Property
TOTAL ASSETS
$
TOTAL LIABILITIES1
$
RE -CAP OF
INCOME AND EXPENSES
NET (DIFFERENCE BETWEEN TOTAL
WORTH ASSETS& TOTALLIABILITIES)
$
•ti I I l I I 'urn Other Inc,,,rr '
i s non«
ANNUAL INC OMF FOR YEAR 1')
ANNUAI. EXPENSES FOR YEAR 19
CONTINGENT LIABILITIES
Salary or Wages
Property Tax & Assessments
As Endorser on Notes/Contracts
Fed & State Income Tax
As Guarantor 00 Notes/Conti acts
Dividends or hiti'rest
Rentals ((,o,ss Income)
Real Estate Loan Payments
1 of Taxes
Business (Net Incotno)
Payments 00 Contracts/Notes
Other (Describe)
Other Income (Describe)'
Estimated Living Expenses
Other
DOTAL IN('OMG
$
F()TAI. EXPENSES
$
TOTAI
$
i II
• Alimony, child support or maintenance payment income need not he nn,ealec
you Jo 11(11 wish to have it considered as a basis for repaying this obligation
SCHEDULE A CASH LOCATION AND STATUS OF BANK ACCOUNTS
_ - Inlrrrst Bate Dale C.D
Bank and Branch Where Carried Balance Paid to You? Matures
'(NG CD'S SVNG -
1O TAI.
SCHEDULE 13 STOCKS AND BONDS (Include Interests In Any Closely Held Business)
Source of Valuation Dare Price I'er Shure
Description No. Shares Registered in Name nl - _
Is 'this ACrvruni
Pledged for a Loan?
101 AI.
SCHEDULE C LIFE INSURANCE
Insured primary Beneficiary
TOTAL S
Face Antolini
Actual Cash Value
SCHEDU _D ACCOUNTS AND NOTES RECEIVABLE
-'-'._...` -- Due From Address Collateral
i§
SCHEDULE E REAL ESTATE
Parcel No. Description
2
A
6
7
H
10
Address/Location
Mahully Date
TOTALS
Balance
of Loan
Total Value
Maturity
Date of Loan
Purchased 00 --
Margin or Pledged
TO1 AI.
Name of Company I ocation of Office
I low Payable
S—'--- - - I'er
S Per
S Per
S Per
S Per
Per
S Per
Per
S Per
S I'er
Balance I)nr
Ownerfs) Date Acquired __
(osI
SCHEDULE E OTHER ASSETS ANI) PERSONAL
.•._..W_. • Automobiles -�� Value Dec. Vehicles and Boats Value
Yr Maki" Yr.: Make.
Yr : Make• Yr.: Make•
Yr Make• Yr : Make- rt.
Other:
SrdrtotalAutos S Subtotal it/V's_- S
PROPERTY
Personal Property
Value
Totals
Balance Due
Furniture
Per
Subtotal — Autos
S
Jewelry
S
S
Subtotal — R/V's
$
Equipment
S
Subtotal — Personal Property
S
Others
Per
Per
$
Subtotal Personal Property
S
Total—All Other Assets
S
SCHEDULE G NOTES AND LOANS PAYABLE TO BANKS AND OTI-I
Payable To Address Collateral Person(s) Liable Maturity Date
SCHEDULE H ACCOUNTS AND BILLS PAYA
._.
- _ Payable To .Accrrunt N her
SCHEDULE 1 OTIIER LIABILITIES
----Payable To Persons Liable
Mortgagee or Lien holder
TO !ALS
ERS
Persons Liable
How Payable
Balance Due
S
Per
S
3
Per
S
S
S
Per
Per
S
Per
Per
S
Per
Per
$
Per
Per
S
S
S
Per
Per
Per
S Per
Per
S
S
BLE (Including Bank Cards)
Persons Liable
Now Payable
Balance Due
Per
S Per
S
Per
3 Per
S
S
I'er
S Per
Per
S Per
Per
S Per
Per
S Per
Per
S Per
Per
S Per
Per
S Per
TOTALS
S
3
Collateral
Annual Taxes
TOTALS
Monthly Income
Monthly Payments
Present Value Balance Due
S
S
How Payable
Balance Due
Per
S
Per
S
S
I'er
Per
S
Per
S
Per
S
Per
S
Per
S
Per
3
$
Monthly Payments
Present Value Balance Due
S
If applicant resides In a community property state. please complete the following concerning marital status
Applicant is 1 1 married 1 1 separated 1 unmarried (includes single, (livotced and widowed)
Co Ai»Ijcant if any. is 1 1 married I .i separated 1 I unmarried (includes single divorced and widowed)
A1
.d • •�„.-
11n,�,.t. �, ,
�'. ,,.r\),•.r.1 .�.,..n.
IIt.�. r,
pet
1'
Amount of alimony child suppol and nr,liutenan
r' payment int orale NOT( Alimony child sutypit
or Inninl('nnn((' payment
I.
❑ (inn' need not he revealed if v( u do not wish to have it r onsidered as a basis for repaying Ili) obligation
CNan'
and address of Ilatior 1)1 any alimony: child summit or maintenance payment tncu111(''11:( (',Sed above WI mitre(' of Iepayl:'nl
A
N
1.
Alimony l I111d Snppo11 sepaulle maintenance recei' ed tin(Ier 1 nurt outer .vrinen agleenn'ill
ol,ll
Income IS,IIi11V pension social securitydividend,
!,"(race
interest ('I( 1
$ per month
1
N
0
1 lave Voll ('y(') I)rin roved horn any
Dale
It
'liber blanch of this institution') Name Location
M
A
Number of dependents Age,
1
I lave coo made a will•' Ni)))))? of personal representative
N
1 lac" von guaranteed or endorsed the notes of al,v other peI<on'' Do vnu have any other contingent liabilities)
I lave any actions or suits been filed against you or are (here any unsatisfied judgements or decrees
entered against you or have yon been adjudged hank' upl or made any assignments for creditors)
Nantes of References.
A(I(Iresses
A.1,1,,,,,
V,<., n, Alnc,rar-6nrgo No
Home Piton.,
cn :.aC-1>ZC^ n -±Z>C^,-r^ z> • O^
IAT.
1 (r,, er : 1)1 nm.' \.•
C,,r,al '1.,11111k Nn
0 ... , 1 •,,I,I,., . ,
N,1 of ti,•ar<
ti,Iarc
$ per
Irll9nY<c 1') '''
Amount of alimony child supper and maintenance payment income NOTE Alimony child support or maintenance payment
income need not he revealed if 1r( 0 do not wish to have it considered as a basis for repaying this obligation $
Name and address of payor of any alimony child support or maintenance payment income disclosed above as source of repayment
Alimony child support separate maintenance receive(( under court order written agreement r oral
Income (salary pension social security dividends interest etc 1
Source $ per month
1 lave you ever borrowed (10111 any
other branch of this institution? Name Location Date
Number of dependents (not listed by applicant) Ages
I lave you made a will) Name of personal representative -
1 lave von guaranteed 01 endorsed the notes of any other person) - Do you have any other contingent liabilities')
I lave any actions or suits been filed agtiinst you or are there any unsatisfied judgements or decrees
'1(1-1)' 1 against Von, or have you Nein adjudged bankrupt or made any assignments for creditors?
Names of References
Addresses
(ewe) hereby affirm that the foregoing information) contained in this financial statement is presented for the purpose of obtaining credit as of
the date indicated and is true. complete and correct I understand Lender is relying on this statement of my financial condition in making
loan(s) to me Lender is authorized to make any investigation of my credit or employment status either directly or through any agency
employed by Lender for that purpose Lender may disclose to any other interested parties Lender's experience with this account 1 agree to
inform the Lender immediately of any matter which will cause any significant change in my financial condition I understand that Lender will
retain this financial statement whether or not credit is granted
Applicant's Signature nate Co -Applicant's Signature Date
Spousal Consent (If you are relying on income from your spouse or former spouse who is not an applicant above, please
have your spouse or former spouse complete this section so that we may verify their credit.)
I authorize Lender to make any investigation of my credit either directly or through any agency employed by Lender for that purpose in con-
nection with this credit application by my spouse or former spouse
Date .- Signature _ - _ Social Security Number
IE
X
IIHE
z
s
z
9Ir
EXHIBIT G
City of Yakima Office of Mousing
and Neighborhood Conservation
112 South 8th Street.
Yakima, WA 9890.1
(509) 575-6101
1VMUL`t14 'AM!L t itElia1L1`CATION 1'1tOURAMV1
IIII INSPECTION OF PROPERTY
• PATE
• BUILDING SITE:
1. Iustull lawn and landscaping to rear- yard.
• BUILDING LXTERIORI
August 24, 1994
Reroof and support rear addition roof of house.
2. Repair or replace entry doors.
3. Replace all broken or missing primary and storm window glass.
• 1. ECTItICAL:
1. Secure all loose wiring and install junction boxes with covers to all
open electrical splices in attic and cellar/crawlspace.
2. lnmlall outlets and light. Mixtures with switches to all rooms where
missing or damaged.
3. .Install smoke detectors to all sleeping rooms.
4. Install exhaust fan to bathroom, kitchen and laundry arca.
• J'LUMBING:
1. Replurub clothes washer hook-up.
2. Install new kitchen sink.
IVIULTI•FAIVIILY REHABILITATION PROGRAM
MI INSPECTION OF PROPERTY
• MA'T'ING:
1, Install new heating system.
• BUILDING INTEJUQR:
1. Repair, prep and paint entire interior ceiling and wall surfaces.
2. Install new floor coverings to entire house.
3. Repair or replace interior passage and closet doors.
4. Repair or replace kitchen cabinets.
5. install new bathroom accessories.
• BUILDING INSULATION AND VENTILATION:
1. Install new crawlspace vents.
2. Reinsulate rear addition floor system where missing and/or Imaging
improperly.
2
CITY OF YAKIMA
OFFICE OF HOUSING AND NEIGHBORHOOD CONSERVATION
RENTAL REHABILITATION BID TABULATION SHEET
NAME RENTAL UNIT ADDRESS
Deficiency List
Owner's Additions Total Bid
CONTRACTOR $ $ $
ADDRESS
CONTRACTOR $ $ $
ADDRESS
CONTRACTOR $ $ $
ADDRESS
IT IS RECOMMENDED THE BID BE AWARDED TO
DATE OWNER
I CERTIFY I HAVE REVIEWED THE BIDS SUBMITTED AND THE RECOMMENDED BID AMOUNT IS
SUFFICIENT FOR THE REHABILITATION OF AFORESAID PROJECT.
DATE
Marvin Miller, Hsg Rehabilitation Specialist III
City of Yakima, Washington
Office of Housing & Neighborhood Conservation
ENVIRONMENTAL ASSESSMENT FORM
OWNER'S NAME:
OWNER'S ADDRESS:
PROJECT LOCATION:
ADDRESS:
PARCEL NUMBER:
EXHIBIT I
PROJECT INFORMATION
ZONING:
PROGRAM:
SINGLE FAMILY
MULTI -FAMILY
ELDERLY/HANDICAPPED
312 LOAN
OTHER
DWELLING TYPE
SINGLE FAMILY
2-4 UNITS
5-19 UNITS
20 OR MORE
DENSITY
EXISTING UNITS
PROPOSED UNITS
% INCREASE
AGE OF DWELLING
49 YEARS OR LESS
50 YEARS OR MORE
ENVIRONMENTAL INFORMATION
HISTORICAL PRESERVATION (HP)
1. Is the structure listed on the Historical Register? ___Yes No
2. Is the structure located within a Historical District? _Yes No
(If the answer to items 1 or 2 is Yes, contact SIIPO and complete items 3 and 4)
3. Are there any historically significant architectural features? Yes __No
If yes, please explain:
4. Will any historically significant features he altered as a result of this
project? Yes No
If yes, please explain mitigating measures:
FLOOD PLAIN (FLP)
5. Is this project located in the designated flood plain? ___Yes __.No
If yes, please explain mitigating measures:
NOISE (N)
6. Is this project located within a noise impact area airport,
freeway? Yes No
If yes, please explain mitigating measures:
WETLANDS (WP)
7. Is this project located within, or have an impact on wetlands?
Yes No
If yes, please explain mitigating measures:
AIR QUALITY (AQ)
8. Is this project located in a non -attainment area?
Yes No
If yes, contact the Yakima Clean Air Authority and note mitigating measures.
MAN-MADE HAZARDS (MH)
9. Is the project located within the runway clear zone?
Yes No
If yes, please mitigating measures:
10. Is this project affected by, or have an impact on any
endangered species? Yes _No
If yes, please explain mitigating measures:
BASED UPON THE ABOVE INFORMATION, THIS OFFICE HAS DETERMINED THAT
THIS PROJECT (DOES/DOES NOT) REPRESENT A SIGNIFICANT ENVIRONMENTAL
IMPACT.
Dixie Kracht, Community Development Block Grant Manager
NOTE: Alpha characters in parenthesis following enviromnental section titles are codes which refer to applicable
environmental statutes and governing regulations.
(See Attachment)
ENVIRONMENTAL REVIEW
APPLICABLE STATUTES & REGULATIONS
Historic Preservation (HP)
National Historic Preservation Act, Section 106, (16 U.S.C. 4701)
"A Survey & Inventory of Historic Resources, City of Yakima",
Report Number 100-48
"City of Yakima Historical Inventory", October 1989
Memorandum of Understanding (pending)
Floodplain (FLP)
Flood Disaster Protection Act of 1973 (42 U.S.C. 4001 et seq.)
and Implementary Regulations
Executive Order 11988,
HUD Regulation 24 CFR Part 55
FEMA Flood Insurance Rate Map, Community Panels 53011 0001-0006,
effective date November 15, 1981
Floodplain Management, Chapter 86.16 RCW
Yakima Floodplain Management Program
Urban Area Zoning Ordinance, Chapter 15.21.040
Chapter 11.58 Yakima Municipal Code
Wetlands Protection (WP)
Executive Order 11990, Protection of Wetlands
HUD Regulation 24 CFR Part 55
Shoreline Management Program, WAC 173-19-4706
Environmental Policy, Chapter 6.88 Yakima Municipal Code
Noise (N)
Executive Order 11990
HUD Regulations 24 CFR Part 51, Subpart B
Noise Control Act of 1974, Chapter 70.107 RCW
Yakima Airport Master Plan
Man-made Hazards (MH)
HUD Regulation 24 CFR Part 51, Subpart C and D
Hazardous Waste Management, Chapter 70.105 RCW
Air Ouality (AQ)
Clean Air Act of 1970 as Amended (42 U.S.C. 7401-7642)
EPA Regulation 40 CFR Part 50, and Partially 40 CFR
Part 51, 52, 61
Clean Air Act, Chapter 70.94 RCW
Water Quality (WQ)
Federal Water Pollution Control Act, as Amended
(33 U.S.C. 1251-1376)
Safe Drinking Water Act of 1974 (42 U.S.C. 300f-300j-10) as Amended
U.S. Environmental Protection Agency (EPA) Implementing Regulations
40 CFR Parts 100-149
Yakima Comprehensive Water, Sewer Plans
Solid Waste Disposal (SWD)
Solid Waste Disposal Act as Amended by the Resource Conservation
and Recovery Act of 1976 (42 U.S.C. 6901-6987)
U.S. Environmental Protection Agency (EPA) Implementing Regulations
40 CFR Parts 240-265
Solid Waste Management-Recovery & Recycling, Chapter 70.95 RCW
Yakima County Solid Waste Management Plan
Coastal Areas (CA)
Coastal Zone Management Act of 1972 as Amended (16 U.S.C. 1451-1464)
Coastal Barrier Resources Act of 1982 (16 U.S.C. 3501 et seq.)
Yakima Comprehensive Water Plan
Endangered Species (ES).
Endangered Species Act of 1973 as Amended (16 U.S.C. 1531-1.543)
State Wildlife Endangered Species List
Farmlands Protection (FP)
Farmlands Protection Policy Act of 1981 (U.S.C. 4201 et seq.)
Implementing Regulations 7 CFR Part 658
Yakima Urban Area Comprehensive Plan
Wild & Scenic Rivers (WSR)
Wild and Scenic Rivers Act of 1968 as Amended (16 U.S.C. 1271 et. seq.)
Shoreline Management Program, WAC 173-19-4706
EXHIBIT J
CITY OF YAKIMA
OFFICE OF HOUSING AND NEIGHBORHOOD CONSERVATION
RENTAL REHABILITATION PROGRAM SUBSIDY ANALYSIS
INVESTOR
RENTAL PROPERTY ADDRESS
1. INCOME
Gross Income $
Less 5% vacancy $
NET INCOME $
2. OPERATING EXPENSES
Operating $
Existing Mortgage $
10% Profit of Net $
TOTAL OPERATING
$
3. AFFORDABLE LOAN PAYMENT $
(net minus operating)
4. REHABILITATION LOAN
Refinance (if applicable) $
Rehabilitation Bid $
Contingency (5% or $1000 max) $
Appraisal $
Construction Interest(if appl) $
Closing Costs $
TOTAL LOAN NEEDED
$
5.LOAN
Interest %
Term MONTHS
Payment(Line 3) $ PER MONTH
6.AFFORDABLE LOAN FROM
LENDING INSTITUTION $
7.INVESTOR CONTRIBUTION (closing costs) $
8.CITY OF YAKIMA/OHNC $
(One percent per annum on this amount
beginning on the date of loan closing.
Payment begins the month after lender
loan is satisfied at the same mo. pmt)
Signature of Applicant
Approval/Block Grant Manager
Date
Date
CITY OF YAKIMA
January 11, 1995
Mr. Lender
Lender Name
123 Main St.
Yakima, WA. 98901
EXE-IIBIT K
OFFICE OF HOUSING AND NEIGHBORHOOD CONSERVATION
A DIVISION OF COMMUNITY & ECONOMIC DEVELOPMENT
(509) 575-6101 FAX (509) 575-6176 SCAN 278-6101
112 S. EIGHTH STREET, YAKIMA, WASHINGTON 98901
Dear Lender:
The enclosed application from requests your consideration for a
rehabilitation loan for rental property located at The total loan
amount requested is $ which reflects $ from Lender and $
from Office of Housing.
Enclosed are the following documents for your review:
PROPERTY INFORMATION
Application
Operating Statement
Subsidy Analysis
Preliminary Title
Mortgage Verification
Appraisal
Work Specifications
Bids for Rehabilitation
INVESTOR INFORMATION
Financial Statement
Credit Report
Employment Verification
IRS Documents
Please review this application for approval prior to 1995 , and notify our
Loan Specialist, Donna Reyes, 576-6326, of the loan closing date.
If this application does not meet with your required acceptance criteria, please notify our Housing
Office with written reason of disqualification, upon return of the loan package.
Sincerely,
Dixie L. Kracht
Block Grant Manager
Uniform Residential Loan Application
Exhibit L
This application is designed to be completed by the Borrower(s) with the L ender's assistance. Tho Co -Borrower Section and all other Co Burrower questions must be completed and
the appropriate box(es) checked if [l another person will be jointly obligated with the Borrower on the loan, or ❑ the Borrower Is relying on income from alimony, child support or
separate nnintnnance or en the Income or assets of another person as a basis for repayment of the loan, or [] the Borrower Is married and resides in, or the property is located in, a
community properly state.
1. TYPE OF MORTGAGE AND TERMS OF LOAN
Mortgage ❑ VA ❑ Conventional ❑ Olher:
Applied for: LI FHA ❑ Frei IA
Amount
Agency Case Number
tender Case No
Interest Rale
No. of Months Amortization Fixed Rate n Other (explain):
Type: [I GPM L 1 ARMI •e
II. PROPERTY INFORMATION AND PURPOSE OF LOAN
Subject Property Address (street, city, state, & zip code
No of Unils
Legal Description of Subject Property (attach description it necessary)
Year Built
Purpose of Loan ❑ Purchase ❑ Construction ❑ Other (explain):
F1 Refinance n Construction-Permanen
Complete this line if construction or construction -permanent loan.
Year Lot riginal Cost f Amount Existing Liens (a) Present Value of Lot
Acquired
$
Complete this line 1f this Is a refinance loan.
$
Property will be'
Primary r„ Secondary
11 Residence L 1 Residence n Investment
(b) Cos of Improvements Total (a i b)
$
Year
Acquired
Original Cost I
IL
$
Amount txrsung Lens
$
r•urpose or nerurance
Describe Improvements 0made n to be made
4
Cost: $
Title will be held
7—
in what Naree(s)
I Manner in which Title will be held
1
Estate will be held in.
❑ Fee Simple
Source of Down Payment, Settlement Charges and/or Suboulinate Financing (explain)
Borrower Ill. BORROWER
Borrower's Name (include Jr or Sr it applicable)
INFORMATION Co -Borrower
Co -Borrower's Name (include Jr. or Sr. if applicable)
L1 Leasehold
/seo+. mp..00 dam)
Social Security Number
�7
I tone Phone (incl area code.)
I Age ] Yrs. School
Social Security Number 1
Horne Phone (incl. area code)
1
Age
Yrs School
CI Married n Unmarried (inch de single,
Separated divorced, widowed)
Dependents (not lis ed by Co -Borrower)
no. ( ages
L
❑Married ❑Unmarried (include single,
n S�araled divorced, widowed)
Dependents (not listed by Borrower)
no. Loges
r
L7
Present Address (street, city, state, zip code) n Own Rent _ _ _ _ No. Yrs.
Present Address (street, city, stale, zip code) ❑ Own ❑ Rent No. Yrs.
•
If residing at present address for less than seven years, complete e roll
thowing.
Farmer Address (street, city, stale, zip code) I 1 Own ❑ Boni
No. Yrs. Former Address (street, city, slate, zip code) n Own ❑ Rent _ No Yrs.
Former Address (street, city, state, zip coda) n Own ❑ Rent No. Yrs. Former Address (street. city, state, zip code) n Own ❑ Rent No Yrs.
Borrower
IV. EMPLOY ENT INFORMATION Co -Borrower
Name & Address of Employer f.1 Self Employed
Yrs. on This job
Yrs. employed
M this line of
work/profession
Name & Address of Employer
11 Sell Employed
Position/Title/Type of Business
Business Phone (incl. area code) Posilion/TillofType of Business
Yrs. on this job
Yrs employed
M Ihis line of
work/profession
Business Phone (incl. area code)
If employed in current position for less than two years or If currently emp oyed in more than one position, complete the following:
Name & Address of EmployerDates (from lo) n Self Employed
❑ Sell Employed Name & Address of Employer
Monthly Income
Dates (from lo)
Monthly Income
Position/Tele/Type of Business
Business Phone (incl area code)
Position/Title/Type of Business
Business Phone (incl. area code)
Name & Address of Employer
LI Sell Employed Dates (from - to)
Monthly Income
Name & Address of Employer
n Sell Employed
Position/Tille/lype of Business
{ Business Phone (incl. area code)
Position/Title/Type of Business
Dales (from - lo)
Monthly Income
$
Business Phone (incl. area code)
Freddie Mac Form 65/1Tev. 5/91 Page 1 o14
(Amended)
BANKERS SYSTEMS, INC., ST CLOUD, MN 56302 (1.800 397-2341) FORM URLA 9/6/91 P.
Fannie Mae Form 1003/Rev. 5/91
(Amended)
1
• Sell Employed Borrower s) may be required to provide additional documentation such as lax returns and financial statements.
Describe Other Income Notice: Alimony, child support, o separate maintenance Income need not be revealed If the
Borrower (8) or Co -Borrower (C) does not choose 10 have 11 considered for repaying this loan.
B/C
Monthly Amount
VI. ASSETS AND LIABILITIES
This Statement arid any applicable supporting schedules may be completed jointly by both married and unmarried Co Borrowers it their assets and liabilities are sufficiently joined so
Ilial the Statement can be meaningfully and fairly presented on a combined basis: otherwise separate Statements and Schedules are required. 11 the Co -Borrower section was
completed about a spouse, This Statement and supporting schedules must be completed about that spouse also. f1��11
Completed l_t Jointly ❑ Not Jointly
ASSETS
Description
Cash or Markel
Value
Cash deposit toward purchase held by
List checking and savings accounts below
Name and address of Bank. S&L, or Credit Union
Acct. no
Liabilities and Pledged Assets. List the creditor s name, address and account number for all outstanding
debts, including automobile loans, revolving charge accounts, real estate loans, alimony, child support,
stock pledges, etc. Use continuation sheet, if necessary Indicate by (') those liabilities which will be
satisfied upon sale of real estate owned or upon refinancing of the subject prope ly.
Monthly Payt. & Unpaid
LIABILITIES Mos. Left to Pay Balance
Name and address of Company $ Payl./Mos $
Acct. no.
Name and address of Bank, S&L, or Credit Union
Name and address of Company
Acct. no
$ Payl /Mos.
Acct. no.
Name and address of Bank, S&L, or Credit Union
Acct no.
Name and address of Company
Acct. no
$ Payl./Mos.
Name and address of Bank, S&L, or Credit Union
Acct. no.
Name and address or Company
Acct. no.
Payt /Mos
Stocks & Bonds (Company name/number
& description)
Name and address of Company
Acct. rio.
$ Payl./Mos.
$
Name and address of Company
Life insurance net cash value
Face amount: $
Subtotal Liquid Assets
Real estate owned (enter market value
from schedule of real estate owned)
Acct. no.
$ Payl./Mos
Vested interest in retirement fund
Net worth of business(es) owned
(attach financial statement)
Automobiles owned (make and year)
Other Assets (itemize)
Name and address of Company
Acct. no
$ Payl./Mos.
Alirnoriy/Child Support/Separate Maintenance Pay-
ments Owed to:
Job Related Expense (child care, union dues, etc )
Total Monthly Payments
Total Assets a.
$
Net Worth
(a minus b) mr-
Total Liabilities b. $
Freddie Mac Form 65/Rov 5/91 Page 2 of 4 Fannie Mae Form 1003/Rev. 5/91
(Amended) (Amended)
BANKERS SYSTEMS, INC„ ST CLOUD, MN 56302 ((-800397.2341) FORM LIMA 9/6/91
V. MONTHLY INCOME AND
COMBINED'HOUSING EXPENSE INFORMATION
Gross Monthly Income
Borrower
Co•Borrower
$
$
Total
Comned
MonIh6lIY Bousidio Expense
Rent
$
Present
Proposed
Base Empl Income'
$
Overtime
First Mortgage (P&O
$
Bonuses
Other Financing (P8,1)
Commissions
Hazard Insurance
Dividends/Interest
Real Estate laves
Nal Rental Income
Mortgage Insurance
Other d,mo,e,:,mmv,l. o
mn.,,wnro x, d„u,d�,
OM
l lemeowner Assn, Dues
Other.
Total
$
$
$
Total
$
$
• Sell Employed Borrower s) may be required to provide additional documentation such as lax returns and financial statements.
Describe Other Income Notice: Alimony, child support, o separate maintenance Income need not be revealed If the
Borrower (8) or Co -Borrower (C) does not choose 10 have 11 considered for repaying this loan.
B/C
Monthly Amount
VI. ASSETS AND LIABILITIES
This Statement arid any applicable supporting schedules may be completed jointly by both married and unmarried Co Borrowers it their assets and liabilities are sufficiently joined so
Ilial the Statement can be meaningfully and fairly presented on a combined basis: otherwise separate Statements and Schedules are required. 11 the Co -Borrower section was
completed about a spouse, This Statement and supporting schedules must be completed about that spouse also. f1��11
Completed l_t Jointly ❑ Not Jointly
ASSETS
Description
Cash or Markel
Value
Cash deposit toward purchase held by
List checking and savings accounts below
Name and address of Bank. S&L, or Credit Union
Acct. no
Liabilities and Pledged Assets. List the creditor s name, address and account number for all outstanding
debts, including automobile loans, revolving charge accounts, real estate loans, alimony, child support,
stock pledges, etc. Use continuation sheet, if necessary Indicate by (') those liabilities which will be
satisfied upon sale of real estate owned or upon refinancing of the subject prope ly.
Monthly Payt. & Unpaid
LIABILITIES Mos. Left to Pay Balance
Name and address of Company $ Payl./Mos $
Acct. no.
Name and address of Bank, S&L, or Credit Union
Name and address of Company
Acct. no
$ Payl /Mos.
Acct. no.
Name and address of Bank, S&L, or Credit Union
Acct no.
Name and address of Company
Acct. no
$ Payl./Mos.
Name and address of Bank, S&L, or Credit Union
Acct. no.
Name and address or Company
Acct. no.
Payt /Mos
Stocks & Bonds (Company name/number
& description)
Name and address of Company
Acct. rio.
$ Payl./Mos.
$
Name and address of Company
Life insurance net cash value
Face amount: $
Subtotal Liquid Assets
Real estate owned (enter market value
from schedule of real estate owned)
Acct. no.
$ Payl./Mos
Vested interest in retirement fund
Net worth of business(es) owned
(attach financial statement)
Automobiles owned (make and year)
Other Assets (itemize)
Name and address of Company
Acct. no
$ Payl./Mos.
Alirnoriy/Child Support/Separate Maintenance Pay-
ments Owed to:
Job Related Expense (child care, union dues, etc )
Total Monthly Payments
Total Assets a.
$
Net Worth
(a minus b) mr-
Total Liabilities b. $
Freddie Mac Form 65/Rov 5/91 Page 2 of 4 Fannie Mae Form 1003/Rev. 5/91
(Amended) (Amended)
BANKERS SYSTEMS, INC„ ST CLOUD, MN 56302 ((-800397.2341) FORM LIMA 9/6/91
OWLEDGMENTAND AGREEMENT
VI. ASSETS AND. LIABILITIES (cont.)
Schedule of Real Estate Owned (11 additional properties are owned, use continuation street.)
Property Address (enter S if sold, PS if pending
sale or R if rental being held for income)
Type of
Properly
Present
Markel Value
Amount of
Mortgages & Liens
Gross
Rental Income
Mortgage
Payments
Pdainlenance, Net
Taxes & Misc.
Rental Income
I. ['shower -al cloning costs
PMI, MIP, Fuming Fee paid In cash
$
$
$
$
$
I. Other Credits (explain)
no. Loan amount
(exclude PMI, MIP, Funding Fee financed)
0. PMI, MIP. Funding Fee financed
o Loan amount (add m & n)
p Cash from/lo Borrower
(subtract j. k, I & 0 from i)
IX. ACKN
Totals
$
$
$
$
$
$
List any additional narnes under which credit has previously been received and indicate appropriate creditor name(s) and account number(s):
Alternate Name Creditor Name Account Number
VII, DETAILS OF TRANSACTION
a. Purchaseptice
$
b. Alterations, improvements, re ap ids
c. Land (il acquired separately)
d. Refinance(incl debts to be paid oil)
o Estimated prepaid items
I. ['shower -al cloning costs
PMI, MIP, Fuming Fee paid In cash
h. Discount fl Borrower willpAyy
1. Total costs (dd items a through h)
jj Subordinate financing
k Borrower s closing costs paid by Seller
I. Other Credits (explain)
no. Loan amount
(exclude PMI, MIP, Funding Fee financed)
0. PMI, MIP. Funding Fee financed
o Loan amount (add m & n)
p Cash from/lo Borrower
(subtract j. k, I & 0 from i)
IX. ACKN
VIII. DECLARATIONS
11 you answer "yes" to any questions a through 1, please
use continuation sheet lor explanation.
a Are them any outstanding judgments against you?
b Have you been declared bankrupt within the past 7 years?
c Have you had properly foreclosed upon or given title or deed in lieu
thereof in the last 7 years?
d Are you a party to a law suit?
e
Borrower Co Borrower
Have you directly or indirectly been obligated on any loan which resulted in foreclosure, Imnsler of title
M lieu of foreclosure, or judgment? (l his would include such loans as home mortgage loans, SBA
loans, home improvement loans, educational loans, manufactured (mobile) home loans. any mortgage,
financial obligation, bond, or loan guarantee. II "Yes," provide details, including dale, name and address
of Lender, FHA or VA case number, 11 any, and reasons lor the action.) ❑ ❑ I ❑ ❑
Are you presently delinquent or in default on any Federal debt or any other loan, mortgage, financial
obligation, bond, or loan guarantee? If "Yes," give details as described in the ❑
preceding question. ❑ ❑ L f_I
g Are you obligated to pay alimony, child support, or separate maintenance? ❑ ❑ LI ❑
h Is any part of the down payment borrowed? ❑ ❑ ❑ ❑
f Are you a co -maker or endorser on a note? ❑ LI ❑ ❑
j. Are you a U.S. citizen?
k. Are you a permanent resident alien?
I. Do you Intend to occupy the properly as your primary residence?
❑ D
LJ ❑
❑ ❑
❑ ❑
❑ ❑
L7❑
The undersigned spocdreally acknowledge(s) and/ agree(s) Thal: (1) the loan requested by this applicalion will be secured by a Iasi mortgage or deed of test on the memory described
herein, (2) the property will not be used for any illegal or prohibited purpose or use; (3) all slatemenls made in this applicalion are made for the purpose of obtaining the loan indicated
herein; (4) occupation of the property will be as indicated above; (5) verification or revenficalion of any information contained in the applicalion may be made at any tune by the Lender, its
agents, successors and assigns, eilher directly or Through a credit reporting agency, from any source named in this application, and Ile original copy of this application will be retained by
Me Lender, even it the loan is not approved, (6) the Lender, its agents, successors and assigns will rely on the information contained in the application and I/we have a continuing
obligation to amend and/or supplement the information provided in this applicalion if any of the material facts which Uwe have represented herein should change prior to closing; (7) in the
event my/our payments on the loan indicated in this applicalion become delinquent, the Lender, its agents, successors and assigns, may, in addition to all their olhei rights and remedies,
report my/our name(s) and account inlormalion to a credit reporting agency; (0) ownership of the loan may ho Iranslerred to successor or assign of the Lender without notice to me andror
the administration of the loan account may be Iranslerred to an agent, successor or assign of the Lender with prior notice to ore; (9) the Lender, its agents, successors and assigns make
no representations or warranties, express or implied, to the Borrower(s) regarding the property, the condition of the properly, or the value of the property.
Certification: 1A016 cerlily that the information provided in this application Is True and correct as of the dale set forth opposite my/our srgnalure(s) on this application and acknowledge
myrour understanding That any intentional or negligent misrepresentation(s) of the information contained in this application may result in civil liability and'or criminal penalties
including, but mol limited lo, line or imprisonment or both under the provisions of Title 10, United Slates Code, Section 1001, el seq. and liability for monetary damages to the Lender,
fls agents, successors and assigns, insurers and any other person who may suffer any loss due to reliance upon any misrepresentation which I/we have made on this applicalion.
Borrower's Signature Dale Co -Borrower's Signature
X
X
Date
X. INFORMATION FOR GOVERNMENT MONITORING PURPOSES
The following information is requested by the Federal Government for certain types of loans related to a dwelling, in order to monitor the Lender's complia Ice with equal credit
opportunity, fair housing and home mortgage disclosure laws. You are not required to furnish This information, but are encouraged to do so. The law provides that a Lender may
nailbed discriminate on the basis of this information, rim on whether you choose to furnish i . I lowever, fl you choose mol to furnish it, under Federal regulations 11 is Lender is required
to nolo race and sex on the basis of visual observation or sermon() 11 you do not wish to 1 rrnish the above information, please check the box below. (Lender must review the above
material to assure that the disclosures satisfy all requiremerts to which the Lender is subject under applicable stale law for the particular type of loan applied for.
BORROWER
Race/National
Origin:
Sox:
D I do not wish to furnish This information
D American Indian or Alaskan Native D Asian or Pacific Islander
D 81ack, mol of ❑His anic ❑ While, not of
Hispanic origin P Hispanic origin
❑ Female D Malo
CO -BORROWER
❑ 1 do not wish to furnish this information
Race/National ❑ American Indian or Alaskan Native ❑ Asian or Pacific Islander
Origin: P
❑Black, not of D Hispanic ❑
Hispanic origin
Sex: ❑ Female D Mate
While, not of
Hispanic origin
To be Completed by Interviewer
This application
applicalion was taken by:
LJ lace to face interview
r❑ by marl
by telephone
Interviewer's Name (print or type)
Interviewees Signature Dale
Interviewer's Phone Number (incl. area code)
Name and Address of Interviewees Employer
Freddie Mac Fonn 65/Rev, 5/91 Page 3 of 4 Fannie Mae Form 1003/Rev. 5/91
(Amended)
BANKERS SYSTEMS, INC., ST CLOUD, MN 56302 (1600-3972341) FORM URLA 9/6/91
(Amended)
Continuation Sheet(Residentlal Loan Application
Use This continuation shoot 11 you
need more space to complete the
Residential Loan Application.
Mark B for Borrower or C for
Co Borrower.
Borrower:
Agency Case Number:
Co -Borrower -
Lender Case Number
•
I We Iully understand that 4 is a Federal crime punishable by fine or imprisonment, or boll , to knowingly make any lalse statements concerning any of the above facts as applicable
under the provisions of Title 18, United States Code, Section 1001, el seq.
Borrower's Signature Dale
X
Co -Borrower s Signature Date
X
Fruddie Mac Form 65/Rev 5/91 Page 4 el 4 Fannin Mao Form 1003/Rev. 5/91
(Amended) (Amended)
BANKERS SYSTEMS, INC., ST CLOUD, MN 56302 (1.800.397.2341) FORM MLA 9/6/91
REQUEST FOR RENTAL REHABILITATION LOAN
CITY OF YAKIMA
OFFICE OF HOUSING AND NEIGHBORHOOD CONSERVATION
112 SOUTH 8TH STREET YAKIMA, WA 98901 575-6101
APPLICATION NUMBER DATE OF APPLICATION
NAME
SPOUSE
DATE OF BIRTH SOCIAL SECURITY #
ADDRESS PHONE
ADDRESS OF UNITS TO BE REHABED # OF UNITS PARCEL NUMBER
UNIT CURRENTLY OCCUPIED?
IF YES, PROVIDE FOLLOWING TENANT INFORMATION:
# OF
BDRMS
MO
RENT
MEDIAN
INCOME
1=BELOW 50%
2=51%-80%
3=ABOVE 80%
RACE/ETHNICITY
1=WHITE
2=BLACK
3=AMER IND/
4=ASIAN
5=HISPANIC
SIZE OF
FAMILY
1=ELDERLY
2=4 OR LESS
3=5 OR MORE
4=SINGLE
FEMALE
HEAD/HSHD
1=YES
2=NO
RENTAL
ASSISTANCE
1=YES
2=NO
TENANT NAME
MAILING ADDRESS
PHONE NUMBER
CERTIFICATION BY APPLICANT(S)
The applicant understands that they will be required to make units
available for inspection to make a determination of repairs that will be
required.
The applicant certifies he is the owner of the property described in this
application.
The applicant agrees the intent of this program is to correct conditions
that constitute code violations and to ensure a safe, decent and sanitary
dwelling in accordance with the Minimum Property Standards and all
applicable codes. The applicant also agrees that properties will be found
ineligible that do not have code violations, and rehabilitation cost run in
excess of the amount available according to 80% of the assessed value.
Penalty for false or fraudulent statement: U.S.C. TITLE 18, SEC. 1001,
PROVIDES "WHOEVER, in any manner within the jurisdiction of any
Department or Agency of the United States knowingly and willfully
falsifies...or makes any false, fictitious or fraudulent statements or
representation, or makes or uses any false writing or document knowing
the same to contain false, fictitious or fraudulent statement or entry,
shall be fined not more than $10,000 or imprisoned not more than five
years, or both."
I declare under penalty of law that the information given by me in this
application is correct and complete to my knowledge and realize that
willful) falsification by me may subject me to penalties as provided in
Washington State Law, RCW 74.08.005.
Verification of any of the information contained in this application may be
obtained from any source named herein.
DATE SIGNATURE
DATE SIGNATURE
CITY OF YAKIMA
OFFICE OF HOUSING AND NEIGHBORHOOD CONSERVATION
RENTAL REHABILITATION PROGRAM
INVESTOR RELEASE FORM
DATE
INVESTOR
RENTAL PROPERTY
I (WE) hereby authorize an exchange of information from the loan files pertaining to
the joint rehabilitation loan between OFFICE OF HOUSING AND NEIGHBORHOOD
CONSERVATION and , on the
above mentioned property.
DEED OF TRUST
EXHIBIT M
TI -IIS DEET) OF TRUST is made this day of , 19 , among the
Grantor,
(herein "Borrower"),
(herein "Trustee"), and the Beneficiary,
, a corporation organized anil existing under the
laws of , whose address is
(herein "Lender").
BottRowER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee, in
bust, with power (Aside, the following described property located in the County of
, State of Washington:
which has the address of
(Sento and 'Lip cod..)
TocEmE0 with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents (subject
however to the rights and authorities given herein to Lender to collect and apply such rents), royalties, mineral, oil and gas rights and profits,
water, water rights, and water stock, and all fixtures now or hereafter attached to the property, all of which, including replacements and
additions thereto, shall be deemed to be and remain 0 part of the property covered by this Deed of Trust; and all of the foregoing, together with
said property (or the leasehold estate if this Deed of Trust is on a leasehold) are herein referred to as the "Property";
I'o SECURE to Lender (a) the repayment of the indebtedness evidenced by Borrower's note dated
(herein "Note"), in the principal suer of Dollars,
with interest thereon, providing for monthly installments of principal and interest, with the balance of the indebtedness, if not sooner paid, duo
and payable on ; the payment of all other sums, with interest
thereon, advanced in accordance herewith to protect the security of this Deed of Trust; and the performance of the covenants and agreements of
Borrower herein contained; and (b) the repayment of any future advances, with interest thereon, made to Borrower by Lender pursuant to
paragraph 21 hereof (herein "Future Advances").
Borrower covenants that Borrower is lawfully seised of tlse estate hereby conveyed and has the right to grant and convey the Property,
tat the property is unencumbered, and that Borrower will warrant and defend generally the title to the Property against all claims and
demands, subject to any declarations, easements or restrictions listed in 0 schedule of exceptions to coverage in any title insurance policy
insuring Lender's interest in the Property.
(Street)
(herein "Property Address");
(city)
WASHINGTON — 1 to 4 Family — 6/78 — FNMA/F111.MC UNIFORM INSTRUMENT
Deed of Trust
Washington Legal Blank, Inc., Issaquah, WA Form No. 111 BM
UNIFoicm CUVGNANTs. Borrower and Lender covenant and agree as follows:
1. Payment of Principal and Interest. Borrower shall promptly pay when clue the principal of and interest on the indebl(1(hess evidenced by the Note,
prepayment 1111(1 tale charges as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed of Trust.
2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender 011 the day monthly
installments of principal and interest are payable under Iho Nolo, until the Note is paid in full, a stun (herein "Funds") equal to one-twelfth of the yearly
111xe5 and a5S0S511101115 Which may attain priority over This lleed of Trust, and ground reals on the Property, if any, plus one-twelfth of yearly premium
•101101(1(113 for hazard insurance, plus one-Iwelflh of yearly premium installments for Mortgage insurance, if any, 011 as reasonably estimated initially and
m lime 1)) liner. by Lender on the basis of assessments and hills and treasonable estimates 11101001.
The Funds shall he held in 011 id ion the deposits of accounts of which are insured or guarantee(( by a Federal or state agency (including Lender if
Lender is such (11) institution). Lender shall apply the Fouls to pay said taxes, assessments, insurance premiums and ground rents. Lender may not charge
for so holding and applying (3m Funds, analyzing said account or verifying and compiling said assessments and hills, unless Lender pays Borrower interest
en 1 he Funds and applicable law permits Lender to snake such a change Borrower and Lender may agree 111 writing 111 the time of exec:idiot) of this Deed of
'('rust Ilial interest on the Funds shall be paid to Borrower, and unless Such agreement Is 1011(10 or applicable law requires such interest to lin paid, Lender
shall not be requires to pay Borrower any interest or earnings on Ilse Funds. Lander shrill give. to Borrower, without charge, an annual accounting of the
Funds showing credits and debits to the Funds and (lin purpose for which each debit to the. Funds was trade. The Funds are pledged as all additional
security for the SuIIIS secured by This this 1)ee(1 (1f Trust.
If Ilse amount of the Funds held by Lender, together with ilio future monthly installments of Funds payable prior to Iho (1110 dales of taxes, assessments,
insnrance premiums and ground reels, shall exceed Ihr, amount required to pay said taxes, assessments, insurance premiums and ground rents as they fall
due, SIIc11 excess shall be, at Borrower's option, either promptly repaid 10 Borrower or credited to Borrower on monthly installments of Funds. if the amount
of the Fends held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due, 13orrotvor shall pay to
Lender any amount necessary to slake up the deficiency within 30 days from the (late notice is mailed by Lender to Borrower requesting payment thereof.
Upon payment in full of all sunk secured by this Deed of '('rust, Lender shall promptly refund to (Borrower any Funds held by Lender if under
paragraph 113 hereof 111(1 Properly is sol(( 01' 1110 Properly is otherwise acquired by Leiner, Lender shall apply, no later than immediately prior to life sale of
the Property or its acquisition by Lender, any Funds held by Lander (d the time of application as a credit against the S(Ilns secured by this Deed of Trust.
3. Application of Payments. 1lnless applicable law provides otherwise., all payments received by Lender under the Nolo and paragraphs 1 and 2 hereof
shall be applied by 1,011d01 first in payment of amounts payable to Lender by Borrower under paragraph 2 hereof, then to interest payable on the Note, then
to 1he principal of the Note, and then to interest and principal 011 any Future Advances.
4. Charges; Liens. Borrower shall pay all taxes, assessments and other charges, fides and impositions attributable to the Properly which may attain a
priority over this Dred of Trust, and leasehold payments or ground rents, if any, in the manner provided under paragraph 2 hereof or, if not paid in such
manner, by Borrower making payment, when due, directly lo the payee) thereof. Borrower shall promptly furnish to Lender all notices of amo111115 due
under This paragraph, and in Ilse event Borrower shall slake payment directly. Itorrower shall promptly furnish 10 Lender receipts evidencing such
payments. Borrower shall promptly dist:I mgo any lino which has priority over This Deed of '('rust; provided, that Borrower shall sol be required lo
discharge any such lien so long as Borrower shall agree in writing to the payment of the obligation secured by such lion in 0 01011110r acceptable to Lender,
or shall in good faith contest such lien 11, or defend enforcement of 511(11 lien in legal proceedings which operate to prevent the enforcement of the lien or
forfeiture of Ihr. Properly or any pal thereof
5. Hazard Insurance.. Burrower shall keep the improvements now existing or hereafter erected on 1110 Properly insured against loss by lire, hazards included
within the tern) "extended coverage", and such other hazards as Lender may require and 111 such amounts and for such periods as Lender only require; provided,
that Lender shall not require that the amount of such coverage exceed 11(x1 amount of coverage required lo pay the stuns 1100l0el by 11113 Dred of Trust.
The insurance carrier providing 111)1 3nsuranc0 shall be chosen by Borrower subject to approval by Lender; provided, Ilial such approval shall not be
unreasonably tvilllheld. A33 premiums on insurance policies shall he paid in the inanner provided under paragraph 2 hereof or, if not paid in such Manner,
Borrower making payment, when clue, directly to 1110 insurance carrier.
All insurance policies 011(1 renewals thereof shall be in form acceptable to Lender and shall include 11 standard mortgage clause in favor of and in form
acceptable to 3(1110(1' Lender shall have Ilse right to hold the policies and renewals thereof, and Borrower shall promptly furnish to Lender all renelv03
notice and all receipts of paid premiums. 111 the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make
proof of loss if not made promptly by Borrower
Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Property damaged, provided
such restoration or repair is economically feasible and the security of this Deed of Trust is not (herby impaired if such restoration or repair is not
economically feasible or if the security of this 1)1(1 mf'I'rust would 3)0 impaired, the insurance proceeds shall he applied to the stunts secured by this Deed
of '('rust, with Ihr. excess, if any, paid to Borrower 11 the Property is abandoned by Borrower, or if Borrower fails to respond 11) Lander within 30 clays from
the (1111(1 notice 1s mailed by Lander to Borrower 1111)1 the insurance carrier offers to settle a claim for insurance benefits, Lender is authorized to collect and
apply the insurance proceeds nl 3 011(11r's option either lo restoration or repair of the Properly or to the sums secured by this Deed or Trost
Unless Lander and Borrower otherwise agree in writing, any such application of proceeds 10 principal shall not extend or postpone the dile date of the
monthly installments referred to in paragraphs 1 and 2 hereof or change 1110 amount of such installments. If under paragraph 18 hereof the Properly is acquired
by Lender, all right, title and interest of Borrower in and Io any insurance policies and in and to the proceeds thereof resulting from damage to the Properly
prior In 1111 sale or acquisition 311a11 pass to Lender to 111(1 extent of the sums secured by this 3)00(3 of Tried immediately prior 10 such sale, or acquisition.
0. Preservation and Maintenance of Property; 1,easehol(Is; Condominiums; Planned Unit Developments. Borrower shall keep the Property in good
repair and shall not commit waste or pored impairment or deterioration of the Proporly and shall comply with the provisions of any lease if this Deed of
'('rust is on a leasehold 11' this Deed of Aust is on a unit in a condominium or a planned unit development, Borrower shall perform all of Borrower's
obligations tinder the declaration or covenants creating or governing the condouliniunl or planned unit development, the by-laws and regulations of elle
condominium or planned unit development, a11(1 constituent documents. If a comdominilun or planned unit development rider is executed by Borrower
and recorded together with this 1)0ed of '('rust, the covenants and agreements of' such rider shall be incorporated into and shall amend and supplement the
covenants and agreements mf this 1,)ee(1 of Trust ns if the rider ivory a part hereon'.
7. Protection of Lender's Security. If Borrower fails to perform the covenants and agreements contained in this Doocl of 'frust. or if any action or
proceeding is commenced which materially affects Lender's interest 311 the Property, including, but not limited to, eminent domain, insolvency, code
enforcement, or arrangements or proceedings involving a bankrupt or decedent, then (.,ender at Lender's option, upon notice (o Borrower, may stake such
appearances, disburse 811ch st11(13 and take such action as is necessary to protect Lender's interest, including, but not limited lo, disbursement of reasonable
attorney's fees and entry upon Ile Properly to make repairs. if Icinder required mortgage insurance as a condition of making the loan secured by this Deed
of'I'rmca. Borrower sh1131 pay the premiums required to maintain such insurance in effect 1111111 such 11111(1 as the requirement for such instmamce terminates in
accordance with Borrower's and Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
manner provided under paragraph 2 hereof.
Any amounts disbursed by Lender pursuant to This paragraph 7, wills interest thereon, shall become additional indebtedness of Borrower secured by
this teed or Trust. Unless Borrower and Lender agree to 1)131(11 10rn15 of payment, such amounts shall be payable upon notice from Lauder to Borrower
requesting payment thereof, and shall bear interest from dm date of disbursement al the rale payable from liner, to time on outstanding principal under elle
Nate unless payment of interest at such rate would be contrary to applicable law, in which event such amounts, shall bear interest at the highest rate
')rnlissibl0 under applicable law. Nothing contained in this paragraph 7 shall require Lender lu incur any expense or lake any action hereunder.
B. Inspection. Lender may make or cause to 1)0 made, reasonable entries upon and inspeclirms of the Property, provided that Lender shall give
Burrower notice prior to any such inspection specifying reasonable cause therefore related to Lender's interest in the Properly.
9. Condemnation. The proceeds of any award or (claim for damages, direct or consequential, in connection with any condemnation or other taking of
dm Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender.
iu the event of 0 total laking of the Property, the proceeds shall be applied to Iho stents secured by this Deed of Trust, with the excess, if any, paid to
Borrower 111 the event of a partial laking of the Properly, unless Borrower and Lender otherwise agree in writing, these shall be applied lo the sums secured by
this 1)0(1(3 of Trust such proportion of the proceeds as is equal 10 11101 proportion which the amount of Ilse sums secured by this Deed of Trust immediately prior
I() the dale of laking bears 101110 fair Market value of the Properly imnledialely prior to the date of taking, with the balance of the proceeds paid to Borrower.
If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to (Hake an award or settle a claim for
damages, Borrower hails to respond to Lender within 30 days all or the data such notice is mailed, Lender is authorized to collect and apply the proceeds, at
Lender's option, either to restoration or repair of the Property or to the SIIMS secured by this Deed of Trust.
Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend or postpone the clue dale of Iho
monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of such installments.
10. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured by this Deed or Trust granted by
Lender to any successor in interest Of Borrower shall not operate 10 release, in any manner, the liability of the original Borrower and Borrower's successors
in interest. Lender shall not be required to continence proceedings against such successor or refuse to extend tinge for payment or otherwise modify
• fort talion of the sums secured by this Deed of Trust by reason of any demand made by Iho original Borrower and Borrower's successors in interest.
11. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise afforde(1 by applicable
late, shall not be a waiver of or preclude the exercise of any such right or remedy. The procurement of insurance or 1110 payment of taxes or other lions or
charges by Lender shall not be a waiver of Lender's right to accelerate the maturity of the indebtedness secured by this Deed of 'trust.
12. Remedies Cumulative. All remedies provided in this 1)00(1 of 'frust are (11811nct and cumulative to any other right or remedy under this Deed of
'Ernst or afforded by law or equity, and may be exercised concurrently, independently or successively
13. Successors and Assigns Bound; Joint and Several Liability; Captions. The covenants and agreements herein contained shall hind, and Ilio righls
hereunder shall inure to, the respective successors and assigns of 1.011(101' and Borrower, subject to the provisions of paragraph 17 hereof. All covenants and
agreements of Borrower shall b0 joint and several. '1110 captions and headings of the paragraphs of Idris Deed of Trust are for convenience only and are not to
be used lu interpret or define the provisions hereof.
14. Notice. Except for any notice required (111(1(31' applicable law to b0 given in another manner, (a) any notice to Borrower provided for in this 11(30(1 of
'frust shall be given by mailing such notice by certified mail addressed to Borrower al the Properly Address or at such other address as Borrower may
designate by notice lo Lender as provided herein, and (I) any notice Io Lender shall be given by certified nmi1, return receipt requested, to Lender's address
stated herein or to such other address as Lender may designate by notice le Borrower as provided heroin. Any notice provided for in this 11e0(1 of 'Ernst shall
be deemed to have 11(3(311 given to Borrower or Lender when given in the manner designated herein.
15. Uniform Deed of 'Ernst; Governing Law; Severability. 'l'lhis form of deed of trust combines uniform covenants for national use and non-uniform
covenants with limited variations by jurisdiction to constitute a un1l'orni security instrument covering real property. This Deol of Trust shall 1)13 governed
by the law of the jurisdiction in which the Property is located. in 111e event that any provision or clause of this Deed of 'frust or the Note conflicts with
applicable law, such conflict shall not affect other provisions of this Deed of Trust or the note which can be given effect without the conflicting provision,
and 10 this end 01(3 provisions of the 1)00(1 of Trust and the Note are (declared to be severable.
16. Borrower's Copy. Borrower shall be furnished a conlbrned copy of the Note and of this Deed of Trust at the lime of execution or Idler recordation hereof.
17. Transfer of the Properly; Assumption. if all or any part of the Property or an interest therein is sold or transferred by Borrower without Lender's prior
written consent, excluding (a) the cr(3atio11 of a lien or euc:umlirauc0 subordinate to this Deed of Trust, (b) the creation of a purchase 111011(3), security interest for
household appliances, (0) a transfer by devise, descent or by operation of law upon 1110 (10)1111 of a joint tenant or ((1) the grant of any leasehold inleresl of three years
or less not containing an option to purchase, Lender may, al Lender's option, declare all the sums secured by this Dood of Trust to be immediately due and payable.
Lender shall have waived such option to accelerate if, prior the sale or transfer, Lender and the person to whom the Property is 10 be sold or transferred reach
agreement in writing that the credit o(' such person is satisfactory to Lender and that 111(3 interest payable on the sums secured by this Deed of'I'rusl shall be at such
rale as Lender shall request. If Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in interest has executed a
written assumption agreement accepted in writing by lender, 1,011d01. shall release l3orrower from all obligations under this Deed of Trust and the Note.
if Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with paragraph 14 hereof. Such notice
shall provide a period of not less than 30 (lays from Iho date the notice is mailed within which Borrower may pay the soros declared (1(1(3. If Borrower hails
10 pay such sums prior to 111(3 expiration of such period, Lend(or may, without further notice or demand on Borrower, invoke any ren0dies permitted by
paragraph 1 hereof.
NON-UNIFORM COVENANTS. BORROWER AND LENDER [ 01('1'IIER COVENANT ANI1 AGREE AS FOLLOWS:
18. Acceleration; Remedies. Except as provided in paragraph 17 hereof, upon Borrower's breach of any covenant or agreement of Borrower in this
Deed of Trust, including the covenants to pay when due any sums secured by this Deed of 'frust, Lender prim' to acceleration shall give notice in the
nlcuul(31' prescribed by applicable law to Borrower and to the other persons prescribed by applicable law specifying: (1) the breach; (2) 1110 action required
to entre such breach; (3) a date, not less than 30 days fr the date the notice is nlafled to Borrower, by which such breach must be cured; and (4) that
failure to cure such breach on or before the date specified in the notice may result in acceleration of the suns secured by this Deed of Trust and sale of the
property at public auction at a dale not Tess than 120 days in the 11111103. The Holier shall further inform Borrower of (i) the right to reinstate after
acceleration, (ii) the right 10 bring a court action to assert the non-existence, of a default or ally other defense of Borrower 10 acceleration and termclosure.
and (iii) any other mailers required to be included in such notice 11), applicable law. if the breach is not cured on o►' befcue the dale specified in the notice,
Lender at Lender's option may declare all of the sums secured by This Deed of Trust to be immediately (1(1(3 and payable without further demand and may
invoke the power of sale out duly other remedies pl:rniitled by applicable. law. Lender shall be entitled to collect all reasonable costs and expenses incurred
in pursuing the remedies provided 111 this paragraph 18, including, but not limited 10, reasonable allorney's fees.
If Lender invokes the power of sale, Lender shall give written notice to Trustee of the occurrence of an event of default and of Lender's election to cause
the Property to be sold. 'Trustee and Lender shall take such action regarding notice of sale and shall give such notices to Borrower and 111 other persons as
applicable law may require. After the lapse of such time as may be required by applicable law and after publication of 1113 notice of sale, Trustee, without
(1010aud on Borrower, shall sell the Properly at public auction to the highest bidder al the lisle and place and wider the terms designated in the notice of sale
in one or more parcels and in such order As Trustee may determine. Trustee may postpone sale of the Properly for a period or periods not exceeding a total of
30 (lays by public announcement at the time and place fixed in the notice of sale. Lender or Lender's designee may purchase the Property at any sale.
'trustee shall deliver to the purchaser 'Trustee's deed conveying the Property so sold without any covenant or warranty, expressed or implied. The
recitals in the Trustee's deed shall be prima fade evidence of the truth of the, statements made therein. Trustee shall apply the proceeds of the sale in the
following order: (al) to all reaasonable costs and expenses of the sale., including, but Hol limited to, reasonable Trustee's and alloruey's fees and costs of tilde
evidence; (I)) 10 all sums secured by this Deed of Trust; and (c) the excess, if any, to the person or persons legally entitled thereto, or the clerk of the superior
court of the county in which the sale took place.
10. Borrower's Right to Reinstate. Notwithstanding Lender's acceleration of the sums secured by Ihis Deed of Trust, Borrower shall have 11113 right 10 have
any proceedings begun by Lender to enforce this Doo(1 of Trust discontinued til any time prior to the earlier to occur of (1) the 1011th day before sale of the Properly
pursuant to the. power of sale contained in this 1)00(1 of Trust or (ii) entry of a judgment enforcing this Uoed of Trust if: (a) Borrower pays 1.011(1(31• all sums which
would be then clue under this 1)00(1 of 'Ernst, Ilio Note and notes securing Future Advances, if any, had no acceleration occurred; (b) Borrower cures all breaches
of any other covenants or agreements of Borrower contained in this teed of 'Ernst; (c) Borrower pays all reasonable expenses incurred by Lender and Trustee in
enforcing the covenants and agreements of Borrower contained in This Deed of Trust and in enforcing Lender's and Trustee's remedies as provided in paragraph
18 hereof, including, but Hol limited to, reasonably attorney's fees; and ((1) Borrower lakes such action as Lender may reasonably require to 7188111'0 that the lien of
This Deed of Trust, Lender's interest in the l'ropurly and Borrower's obligation to pay the sums secured by this Dea(1 of Trust shall continue unimpaired. Upon
such payment and cure by Borrower, this Deed 01 Trust and the obligations secured hereby shall remain in full horse and effect as if no acceleration had occurred.
20. Assignment of Rents; Appointment of Receiver; Lender in Possession. As additional security hereunder, Borrower hereby assigns to Lender the
rents of the Property, provided that Borrower shall, prior to acceleration under paragraph 18 hereof or abandonment of the Property, have the right Io
:oiled and retain such rents as they become care and payable.
Upon acceleration uncle' paragraph ill hereof or abandonment of 1110 Property, ].ender, in person, by agent or by judicially appointed receiver, shall be
entitled to enter upon, take possession of and manage/ the Properly and 10 collect the rents of the Properly, including those past due. A11 rents collected by Lender or
the receiver shall he applied first to payment of the costs of management of the Property and collection of rents, including, 1)111 not limited to, receiver's fees,
pr0nliunis on receiver's bonds and reasonable attorney's fees, and then to the sums secured by this Deed of Trust. lender and the receiver shall be liable to account
only for those rents actually received.
21. Future Advances. Upon request of Borrower, Lender, at Lender's option prior to full reconveyance of the Property by Trustee to Borrower, may
make Future Advances to Borrower. Such Future Advances, with interest thereon, shall be secured by this Deed of Trust when evidenced by promissory
notes stating that said notes are secured hereby.
22. Reconveyance. tJpon payment of all sums secured by this Deed of Trust, Lender shall request Trustee to reconvey the Properly and shall surrender
this Deed of Trust and all notes evidencing indebtedness secured by this Deed of Trust to Trustee. Trustee shall reconvey the Properly without warranty
and without charge to the person or persons legally entitled thereto. Such person or persons shall pay all costs of recordation, if any.
23. Substitute Trustee. In accordance with applicable law, Lender may from time to time appoint a successor trustee to any Trustee appointed
.minder who has ceased to act. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon
tile Trustee herein and by applicable law.
24. Use. of Properly. The Property is not used principally for agricultural or farming purposes.
IN Wrrsaiss VVIII.RI:oF, BORROWER nus r•.xecur►:n'tIIIS DFED OF TRUST.
Borrower
Borrower
STATE OF WASHINGTON, County ss:
On this , day of , 19 , before are the undersigned, a Notary Public
in and for the Stale of Washington, duly commissioned and sworn, personally appeared
to me known to be the individual(s) described in and who executed
the foregoing instrument, and acknowledged to inc that signed and sealed the said instrument as
free and voluntary act and deed, for the uses and purposes therein mentioned.
Witness Ivry hand and official seal affixed the day and year in this certificate above written.
My Commission expires:
Notary Public in and for the State of Washington, residing at:
REQUEST FOR RECONVEYANCE
The undersigned is the holder of the note or notes secured by this Deed of Trust. Said mote or notes, together with all other
indebtedness secured by this Deed of Trust, have been paid in full. You are hereby directed to cancel said note or notes and this
Deed of Trust, which are delivered hereby, and to reconvey, without warranty, all the estate now held by you under this Deed of
'frust to the person or persons legally entitled thereto.
Date:
(Space Below This Linn Reserved For Lender and Recorder)
PROMISSORY NOTE
$ , 199__
I (WE) promise to pay to the order of OFFICE OF HOUSING AND NEIGHBORHOOD
CONSERVATION, a division of the Department of Community Development of the City
of Yakima, a municipal corporation of the State of Washington, at Yakima, Washington
DOLLARS Payable in lawful
money of the United States of America, with interest thereon in like money until paid, at
the rate of ONE (1) percent per annum, to be paid as follows:
The sum of shall accrue interest at one percent per
annum, compounded annually, starting 60 days from loan closing
date of , 19 . Interest accrued to the date of the first
payment mentioned herein and principal amount shall be paid in monthly
payments of which shall include one percent per
annum compounded annually on the declining balance of principal and interest
accrued prior to the first payment mentioned herein. Payments shall be due and
payable on or before the 10th day of , 19__., or the
month following satisfaction of the primary loan, and continuing until paid in full.
In the event any payments due hereunder are not paid within ten (10)days of the due
date, makers agree to pay, in addition thereto, a late charge equal to Five Dollars
($5.00) for each calendar month, or portion thereof, that such payment remains
delinquent.
This note is secured by Deed of Trust of even date, covering property located at
, Yakima County, Washington, and the terms of such Deed of Trust
are incorporated herein by this reference.
In case of default in payment of any of the principal installments or interest, when the
same shall become due and payable, the holder hereof may declare the whole
amount due and payable and may immediately institute suit to collect the entire
amount, including principal and interest.
The maker and endorser hereon severally waive presentment for payment, protest,
and notice of protest of non-payment of this note; and do hereby agree that if collected
by an attorney after maturity and before the commencement of suit hereon, fifteen
percent (15%) of the sum due and unpaid shall be added and paid as attorney's fees
for such collection; and in case suit or action is instituted to collect this note or any
portion thereof, do further promise and agree to pay such sum as the court may
adjudge reasonable as attorney's fees in such suit or action; and the venue of such
action shall lie in Yakima County.
STATE OF WASHINGTON )
)SS
YAKIMA COUNTY
ON this _ day of , 1995 before me the undersigned, a Notary
Public in and for the State of Washington, duly commissioned and sworn, personally appeared
and , known to be the
inclividual(s) described in and who executed the foregoing instrument as his free and voluntary
act and deed, for the uses and purposes therein mentioned.
WITNESS my hand and official seal affixed the date and year in this certificate above written.
MY COMMISSION EXPIRES. NOTARY IN AND FOR THE STATE OF WASHINGTON
RESIDING AT
record with Deed of Trust - Attachment (A)
CITY OF YAKIMA
OFFICE OF HOUSING AND NEIGHBORHOOD CONSERVATION
RENTAL REHABILITATION PROGRAM PROMISSORY NOTE DISCLOSURE
INVESTOR
RENTAL ADDRESS
AMOUNT OF REHABILITATION LOAN FROM
DEED OF TRUST DATED , 199 . $_
1% ACCRUED INTEREST, (CALCULATED 60 DAYS
FROM LOAN CLOSING TO FIRST PAYMENT,
DUE , ) $_
LOAN REPAYMENT STARTING BALANCE $
(We) understand the total Note repayment includes a 1% accrued interest rate
compounded annually, calculated 60 days from the date of closing to the first
scheduled date of repayment to the OFFICE OF HOUSING AND NEIGHBORHOOD
CONSERVATION. This accrued interest is added to the original loan amount and
represents the starting balance at the time repayment begins.
(We) have reviewed and receive a copy of the the Promissory Note Disclosure.
DATE
DATE
Witness
TRUTH IN LENDING DISCLOSURE STATEMENT
NAME and
ADDRESS
AMOUNT FINANCED FINANCE CHARGES: ANNUAL % RATE: — %
INTEREST $
TOTAL FINANCE CHARGE $
TOTAL OF PAYMENTS: $ PAYABLE IN _—
CONSECUTIVE MONTHLY PAYMENTS
1ST PAYMENT DUE AMOUNT $
ALL OTHERS ON 10th DAY OF MONTH STARTING , 19__
LAST $ ON
LATE CHARGE: Loan Payments not paid within 10 days of due date will carry
a late charge of $5.00 per month, or portion thereof, until paid.
LOAN IS SECURED BY MORTGAGE OR DEED OF TRUST OF EVEN DATE
COVERING PROPERTY AT
MORTGAGE OR DEED OF TRUST WILL SECURE FUTURE OR OTHER
INDEBTEDNESS AND WILL COVER AFTER-ACQUIRED PROPERTY. COPY
OF MORTGAGE OR DEED OF TRUST WILL BE FURNISHED BORROWER AS
PROMPTLY AS PRACTICABLE.
CREDITORS: CITY OF YAKIMA, OFFICE OF HOUSING
NEIGHBORHOOD CONSERVATION
I ACKNOWLEDGE RECEIPT OF A COPY OF THIS STATEMENT.
WITNESS: DATE:
CITY OF YAKIMA
OFFICE OF HOUSING AND NEIGHBORHOOD CONSERVATION
RENTAL REHABILITATION PROGRAM
OWNER'S CERTIFICATION
OWNER : , 1995
PROPERTY TO BE REHABILITATED.
As owner of the above property, I hereby certify that I will adhere to the following
conditions for the Rental Rehabilitation Program:
A. As a condition of participation in the Program, I shall not refuse to rent to tenants
holding Section 8 Existing Housing certificates or vouchers except for good
cause, such as tenants who previously failed to pay their rents, maintain their
dwelling units, or otherwise were in violation of the terms and conditions of the
tenancy.
B. As a condition of participation in the Program, I shall not discriminate against a
tenant eligible for, or receiving assistance under a Federal or other program of
assistance or against families with minor children except in projects specifically
designated for the elderly. This requirement shall be binding on the property
owner, heirs and assigns for a period of ten (10) years
C. As a condition of participation in the Program, I shall not convert the rehabilitated
property to condominiums within ten (10) years of completion of the rehabilitation
D. When t rent to tenants holding Section 8 Existing Housing certificates or vouchers,
I shall comply with Section 8 existing housing regulations, including Housing
Quality Standards and requirements relating to maintenance, operation and
inspection of units occupied by tenants holding certificate or vouchers. I
understand that failure to maintain these units in decent, safe and sanitary
condition will make me subject to sanctions, including reduction, suspension or
termination of payments under the Section 8 existing housing program.
E. The property shall be rented at current market rents, defined as the highest rents I
can reasonable expect to achieve for the unit in the given location, time and
circumstances from an unassisted tenant.
F. After accommodating existing tenants of the property to be rehabilitated as
described in paragraph (G) of this certification, I shall exercise affirmative fair
housing marketing of all units in the property to be rehabilitated when they
become vacant as described in Section 511.10 of the Notice published in the
Federal Register on April 20, 1984, at pp 16848-16949 As a condition of
participation in the Program, I shall comply with the Yakima Housing Authority's
policy and procedures on Affirmative Marketing for a period of seven years
beginning on the date on which all the units in the project are completed.
G. If a ten int moves to another dwelling unit in the same building, I will reimburse the
tenant for all reasonable out-of-pocket moving expenses incurred.
STATE OF WASHINGTON )
SS
YAKIMA COUNTY )
ON this day of , 1995, before me the undersigned, a Notary Public in and
for the State of Washington, duly commissioned and sworn, personally appeared
and , known to be the individual(s) described in and who executed the foregoing
instrument as his free and voluntary act and deed, for the uses and purposes therein mentioned.
WITNESS my hand and official seal affixed the date and year in this certificate above written.
NOTARY IN AND FOR THE STATE OF
MY COMMISSION EXPIRES: WASHINGTON RESIDING AT YAKIMA.
record with Deed of Trust - Attachment (8)
E
X
1E -3E
z
1E3
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111`
1%T
• EXHIBIT N
U. S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
WATCH OUT FOR LEAD-BASED PAINT POISONING
TO: PURCHASERS AND TENANTS OF HOUSING CONSTRUCTED BEFORE 1978
PLEASE READ THE FOLLOWING INFORMATION CONCERNING LEAD PAINT POISONING
The interiors of older homes and apartments often have layers of lead-based
paint on the walls, ceilings, window sills and door frames. Lead-based paint
and primers may also have been used on outside porches, railings, garages,
fire escapes and lamp posts. When the paint chips, flakes or peels off, there
may be a real danger for babies and young children.
Children may eat paint chips or chew on painted railings, window sills or
other items when parents are not around. Children can also ingest lead even
if they do not specifically eat paint chips. For example, when children play
in an area where there are loose paint or dust particles containing lead,
they may get these particles on their hands, put their hands into their
mouths, and ingest a dangerous amount of lead.
Has your child been especially cranky or irritable? Is he or she eating
normally? Does your child have stomachaches and vomiting? Does he or she
complain about headaches? Is your child unwilling to play? These may be signs
of lead poisoning, although many times there are no symptoms at all. Lead
poisoning can eventually cause mental retardation, blindness and even death.
If you suspect that your child has eaten chips of paint or someone told you
this, you should take your child to the doctor or clinic for testing. If the
test shows that your child has an elevated blood lead level, treatment is
available. Contact your doctor or local health department for help or more
information. Lead screening and treatment are available through the Medicaid
Program for thosewhoare eligible.
Inform other family members and babysitters of the dangers of lead -poisoning.
You can safeguard your child from lead poisoning by preventing him or her
from eating paint that may contain lead.
Exhibit Q
Look at your walls, ceilings, door frames, window sills. Are there places
where the paint is peeling, flaking or chipping? If so, there are some things
you can do immediately to protect your child:
(1) Cover all furniture and appliances;
(2) Get a broom or stiff brush and remove all loose pieces of paint
from walls, woodwork and ceilings;
(3)
Sweep up all pieces of paint and plaster and put them in a paper
bag or wrap thein in newspaper. Put these packages in the trash
can. DO NOT BURN THEM;
(4) Do not leave paint chips on the floor. Damp mop floors in and
around the work area to remove all dust and paint particles. Keep-
ing the floor clear of paint chips, dust and dirt is easy and
very important; and
(5) Do not allow loose paint to remain within your children's reach
since children may pick loose paint off the lower part of the
walls.
AS A HOMEOWNER:
You should keep your home in good shape. Water leaks from faulty plumbing,
defective roofs or exterior holes and breaks may admit rain or dampness into
the interior of your home, damaging walls or ceilings, causing paint to peel,
crack or flake. These conditions should be corrected immediately. Before
repainting, all surfaces that are peeling, chipping or loose should be
thoroughly cleaned by washing, sanding, or brushing the loose pain from the
surface; then repaint with two (2) coats of none -leaded paint; or cover the
surface with other material such as wallpaper or paneling. SIMPLY PAINTING
OVER DETERIORATED PAINTED SURFACES DOES NOT REMOVE THE HAZARD.
When lead-based paint is removed by scraping or sanding, a dust is created,
which may be hazardous. The dust can enter the body either by breathing or
swallowing it. The use of heat or paint removers could create a vapor or fume
which may cause poisoning if inhaled over a long period of time. The removal
of lead-based paint should not be undertaken by amateurs and every precaution
should be taken to safeguard workers and occupants during the removal
process. Whenever possible, the removal of lead based paint should take place
when there are no children and pregnant women on the premises.
AS A RENTER:
You should notify the Management Office or the Landlord immediately if the
unit in which you live has flaking, chipping or peeling paint, water leaks
from faulty plumbing, or defective roofs. You should cooperate with the
management office's or landlord's efforts to repair any deficienceis and keep
your unit in good shape. When lead-based paint is removed by scraping or
sanding, a hazardous dust is created which can enter the body either by
breathing or swallowing the dust. The use of heat or paint removers could
create a vapor or fume which may cause poisoning if inhaled over a long
period of time. Whenever possible, the removal of lead-based paint should
take place when there are no children and pregnant womem on the premise.
Remember that you as a parent play a major role in the prevention of lead
poisoning. Your actions and awareness about the lead problem can make a big
difference.
I have received a copy of the Notice entitled "Watch Out for Lead Paint
Poisoning", and a copy of "The Danger of Lead Poisoning to Homeowners" or
"The Danger of Lead Poisoning to Renters."
Date Signature
CITY OF YAKIMA
OFFICE OF HOUSING AND NEIGHBORHOOD CONSERVATION
LEAD-BASED PAINT CHECKLIST
DATE: CHECKLIST COMPLETED BY:
ADDRESS:
PROGRAM: APPLICATION NUMBER:
A. APPLICABILITY OF FEDERAL REGULATION: 24 CFR PART 35,
SUBPART C
1. Is project activity covered by regulations:
YES ND Funding sources covered by regulations include CDBG,
Rental Rehab, UDAG, Section 312 Rehabilitation Loan,
Secretary's Fund and Urban Homesteading programs.
YES ND Activities covered are emergency repairs, weatherization,
water or sewer hook-ups, installation of security devices,
facilitation of tax exempt bond issuances and other
programs that don't include physical repairs.
YES IND 2. Was housing constructed prior to 1978?
YES ISD 3. Will children under age seven live in housing? If answer is
NO, who will occupy housing?
B. BUILDING INSPECTION:
YES NO 4. Was an inspection conducted for defective interior and
exterior surfaces? Date of inspection:,
YES NO 5. Are the results of the inspection included in the
rehabilitation work write-up? •
YES NO 6. Were defective surfaces identified?
YES NO 7. Describe location and extent of the defective surfaces.
YES NO 8. Describe the treatment methods.
C. BUILDING RESIDENTS & TESTING:
YES t'D 9. Have tenants/homeowners been notified and signed
statements acknowledging lead-based paint issues, or
have investor -owners certified they will notify and
maintain resident statements fora three year period?
YES ND 10. Has the contractor/investor signed the compliance
documents ensuring the proper treatment and removal of
lead-based paint.
YES NO 11. Was any child under seven years tested for elevated blood
levels?
YES ISD 12. Did the blood tests show any child with a level greater
than 25 u/dl?
YES NO 13. Testing of chewable surfaces conducted with an XRF
analyzer?
If yes, what levels of lead were found?
If NO, what other testing method was used?
Results:
CERTIFICATION OF PROJECT INSPECTION AND COMPLIANCE WITH
APPLICABLE LEAD BASED PAINT REGULATIONS.
SIGNATURE OF INSPECTOR DATE
SIGNATURE OF BLOCK GRANT MANAGER DATE
3
EXHIBIT 0
CITY OF YAKIMA
OFFICE OF HOUSING AND NEIGIIBORHHOOD CONSERVATION
RENTAL REHABILITATION PROGRAM
INVESTOR'S MARKETING DOCUMENTATION
Housing Services Center
112 South 8th Street
Yakima, WA. 98901
(509) 575-6101
RENTAL REHABILITATION PROGRAM
TABLE OF CONTENTS
I. Owner's Certification
II. Affirmative Marketing Requirements
III. Equal Housing Opportunity Poster and Logo
IV. Examples of Rental Advertisements
V. Suggested Mailing List
VI. Owner's Rental Documentation
AFFIRMATIVE MARKETING REQUIREMENTS
This is to certify that vacant units in properties being rehabilitated
through the Rental Rehabilitation Program, will be marketed in an
affirmative manner. In soliciting tenants, the owner agrees:
(a) To maintain a fair housing policy which does not discriminate
against tenants or prospective tenants because of race, sex, age,
or handicap. The owner will take specific affirmative actions to
ensure that all tenants and prospective tenants receive fair and
equitable treatment in all terms and conditions of residency.
(b) When advertising, use media, and notification to minority outlets
to reach persons least likely to apply for the housing, or request
the Yakima Housing Authority to fill vacancies from their existing
waiting list.
(c) Advertise in media that uses the
slogan, or statement.
(d) Display a Fair Housing poster
Equal Housing Opportunity logo,
in a prominent place accessible
tenants and prospective tenants.
to
(e) If there is a project sign, it should include a display of the
Equal Housing Opportunity logo.
(f)
Maintain records of the above efforts and document the
applications for occupancy on the attached log sheets. These
records must be made available for review upon request by the City
of Yakima, Housing Services Center, Department of Community
Development - State of Washington, Department of Housing and Urban
Development, or their duly authorized representatives.
EQUAL HOUSING
OPPORTUNITY
We Do Business in Accordance With the
Federal Fair Housing. Law
(Title VIII of the Civil Rights Act of 1968,as Amended by
the Housing and Community Development Act of 1974)
IT IS ILLEGAL TO DISCRIMINATE AGAINST
ANY PERSON BECAUSE OF RACE, COLOR,
RELIGION, SEX, OR NATIONAL ORIGIN
u In the sale or rental of housing or residential Tots
■ In advertising the sale or rental of housing
■ In the financing of housing
u In the provision of real estate brokerage services
Blockbusting is also illegal
An aggrieved person may file a complaint of a housing discrimination act with the:
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Assistant Secretary for Fair Housing and Equal Opportunity
Washington, D.C. 20410
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ads - 411 per 11110 per day (a04
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luuCIl pl,:nly 0) 1(10a1 pulou
Oa!, reduced 143011 A Ureal
buy 01 1s9 100 h'J/ 5.173 Liman
Carnage Hill, 5 611 21,. baths
500.41 ,,,000+0 2 11/ic 1011001 tlulul{) nn air
u PPUR l urtily t.unJilmruny, 19.42' ,Uel, (.11-
0011 01 ea W/5101.100 Sheth,
0010 Spr ulhl I Sy Si bnauh)tll
yi00 966 7324 lel app!
3124 '300 013 (,u11u410U., 131,1
111(01)1,111 12 000 N6a1 05 a
p1,, 3 bodluuln 'lone coved
ceilings, fireplace Genital all
Cun011e(n, IettLe1 Lack yard
Ire. poul 101,112, NOW 545,500
Call DIXIE M011LEY of
KIIIEGLH 6 ASSOC Sub 5110
All foal uslato a090rlblri0 In
IIn5 nuvnpopur 14 Sublet:) 1U
111,, Fedetal Fair Iluus111t) Act
1,l 1512(1 whit.(, n101.u5 11 111.001
10 advtr 1140 any 1,l eturem.e
lu(Ill,11011 Or Urs (.a 11(1(1(dl W11
based un 101,1 AURA r0101011,
sex (r national 0[1)111 .1r an
in ion nun 111 111040 any such
preloreece h"illatiur( Or 1119-
,5 proSeed 09 uininiauun "
u will I,e made (1114 "uwspa(tur will nil
y u+111.45 1,r knuwulgly t.
a12epl any adverns-
mg nut: 1105 int) tut teal eslale W0l1rl Ib in
Urn ''Cub Uri vmla11 1,l Ihu law Uul uetl-
Augusl, I'30/ all are nut. Uv u1,s,ol 1111 Ural
all dwelling a1) vr.I 1,400 1,l IIn5
Iulelre(1 10 in nuwSpapur art, ataflame on 011
51 be 1.011:1) by equal uppurlunlly 1,,.515
I August, 190/ Lg 3 UH 1 1t, 1101 S 111(5 Ave
, 1110 oalul (U Loa4u luf 14'19 plus 52'19 Uep
meant:(: 01 the 1,t pulCh,S0 119 950 965 4601
Jlc 04111 1,u
d' led 11
11u
't( a/ (10
110 Ale cru
Ivll1. 1.1 (1JIa-
(.uruJ and die
and 1.05(5 ale
Ale Iii,1'y r(1
luno alter (hv
gds!, 170/ 111
_raw), Jn0 bu-
the Glanitlr or
su12Cua4Urs 1,l
huller ul arty
hen 0r 011.0111-
ne 011111n )2nn-
51 Jet -WW1 by
12) p(u5 Costs,
„.es, 11 any,
to 1110 1(21(115 01
1.11 rv1 UuuU uI
151 i511 Lew 011,211 no
y u.,nly1.1) W side 4 1154 1'12
LdlhsIT! nu gal age 45/-4192
5 lift, nit.0 01401 burnt,, 1 (.ar
(made Ig lel 07.2411 tumid
CUD', Vall,,y H E 5/5-1027
W SIDE quiet aru,1, 4 UH, 2
I r p l
21.166 s /) Mich h 1.19.000
V anuy (1,2.1)1(5021,2 5/5.1027
NAG1110 - unarming 3 UR. IO
101, garage w/ Shop it till
I„u,h 1143_000 053-2/81 eve
:,CL0N-- Lg 4 Uri (0u5e on 1
plus a,2lu 3 (Ill 11m111 111 Selall
194 5140 69/-5209 or 09/•4074
Uy Ovine, 1500 sit 3 UH, 2
ball) 2 linon., Calh*ural Gull
1.n(_>, ylUw_3012 (1013 452 9//5
21111, hlupIal.o, ', bsnll, 220 N
2/111 ave 152 000 p0ss Iuosu
000011 965-1414,965 4/74
v,0 3,) 509 Elul. 547 500 3
'mg all olnu1 1154 (wetly rn1, fenced yd 5403
Caa,.aJu Ur11n Ubu -3204
of delau(t waS
he Beneficiary
e (01011101, Or
,CCU44111 111 (11-
12 luIIOwllll
2 011 Brick lulnv i1, excellent
CUIIJIIIun [wage/workshop,
145 000 9125-3055
Reduced Commercial lel
Wilco (tonal 4, g0ra00, 122,500
966.4/09
Uy Ownor 2 0Wrn blluk (101(10
Yahurla, WA wlbsnll, dial, garage, sbup,
00111 garden spot 1w0111 fur
nurse 109.500 637 buil
view Ave ,
(:lass and
11 Ine Iblh day
U01 01 wlliC it IS
n el 1(1,, Tru91-
ranlur 1,r Illi
4591 in inter -
My surveil On
Executive View Home!
5908 Glaclur Way
Dy 0wnei, 4420 5(t, 4 - 5 UH
Syr Dalin 12,2510111 Filter of
imp durld pool ,5 spaAppl. call n15_b 145_0205,000
NLIV J 011 1 5. 1,111 Iidn,bl.n
v11 11(1:0 Cu) <lu sac lel VaItIu0
C elllllya 11112(51(120 0012 12,11(1
111114, vpell UUSI•)n (0111.0
Super enl-.r9y ufnuu:ld 0401(
heal 1,0111p Ely llo2Ue1 14133
Flam1HunAve, lug 'JsO 5/5.7950
3 014111)1 J bail, newer tie
level hunlu won Mende ga
rage, (slide, J wash,,, 11112.11,
Wave, l.,IpulS 5 UldpoS L011 -
11a1 al! d11,1 111.:1,11Le
A55unl,,blu FHA ludll Conllaci
uonsnitneJ 1/4 5110 056-2511u
SAVE ON LXPLNSLS Nes
11110 2 (111 hurtle PP&L energy
pkg 510/111 04111,10-1,5 Cuuve-
111.111 h11W1url and dining LU10-
bu WUoosluve (1,r 011011,1 s
((145 Only 142 000 JIM 1.3011-1
al KRIEGER & ASSOC:
960-5110
Great Starter Horne
V/ Side 10u -thou very clean, 2
UH Ig fenced back yard
a1101.1(10
1- 0111011 elu5e (0
.l1uu14 5slop1
! 111g 1.11.000
96u -29690r 248-940/
HELP
Wilt look al ANY/ALL OF-
FERS Cute 3 UH, Ilrepla6u,
I(1,u W'altlu alua le,u(.ud 111
149950 DON MAHI(N al
15111E6ER 6 ASSOC, 909-51 10
NEWLY LISTED' Lovely 3 UH,
11. 00111 L11111y linin,, wl(h FR
& FP 111 a quer cuunlry Sul
Inn( Lg shadotl do,.h
1(1)11111-35, - 1ade5 1,r ullers + ped I
601. 1,d utl 041,11 lane 460
14,/t al/us Nuts 0_010.1.5.U.0 ilei(>, bank 1e1mlpinur1l 1ce 01- lain 1/4 959 LYNDA PLE 4fuINuSn-
1
ELLENS1HJRG 925
40
Apartments—Furnished
51001(1 API- ideal ler 01,11111
11,011 11.10/1110 59,1101 /9011,011 0
((0)0. (0guuo *1304 S 1111__51
1 HH, laundry lacilllles 13119 5.
/11 Ave 3(5U Jep., 0215(1nu
&ib -4534 0r 249-3.231
New larger 1 0dr, 041.:11 lura,
11,1.1 III1141W0011 U'waslur, au,
110 1,014, 32.15. 41 llup 900-2860
Uhl, paid, kitchens, color rV
1.0110 bus hrlu wkly/1(w rale
S liv,r Lm)lu Mu)ol 45"2-/532_ _
1135 TO 1195 PER MONTH plus
deposit All 01101105 paid.
Gall 453-0094
Y
•
IDEAL adult turn 1 DH apt. All
u rn p1) 1200, 350 dep NO
thinkers. No pills. 451-5384 al-
ter 4 p m lel .tppt
111 -ST DOWN IOWN LOCA 1ION
11151 secul e, clean caul 5
quad. (wu115. Fur/ 01(101 1200-
3250 110 F4 6111S1 453-2302.
Adult 1 (111, (2010(1 fur !Meru,
tory alOacnvu, CU./01AM Ju11,
all 4001111 1110010,1
dlbhwosler, 1200 900-0029
DOWN (OWN MALL 1 111. Lg
Llan S01ulu SIuOIu, Ideal fur
amg11, a,lull. No 1,014 Refs
req 1175 plus Jop 452 2621
YAKIMA'S 13E0T
Wu5141de quality I UH, all
arm( 0/r., laundry, ,,dulls 110
pets 3250. 69/--111/4, 097-3938
GUN0111UC11(JN DISCOUN T
140OFFFIRST MO HENT
AL, lass 1110 Nun Hill Plta, 1 UH
VV/UW 121,5 L1 Huy 5/5-84211
GUNS' 'IUD HON DISCOUNT
1.19 OFF FIBS r MO HEN(
Amoss 11111 Nut Hnl l'Ita, ) 1111
60/059 3265 , EI Bey, 5/5.0428
La11J0 1till (luso 50 Valley
Mail. A/C 015rlwat,ner on site
laundry N0 Lhu0i to nu pub.
3:45,110/315Uoup 2-19.5-3/
11.3 nicely tent 1 DI1, qu(u1,
view A(.. corn op laundry,
wig 1,J Parking, ...dulls only
on puts No,,( Randall Park
12811 plus dep _9011-2_0.11
Mudurn 1 BH 1,l 4 plea WIS/G
1,J 2.1 111 Su1urlly palm!
Lund lac , ell Mittel parking 1
11111(3 Mc, nu 11015. 1210 plus
dep 452 7111) beluru_Jpin
DOWN 'OWN AREA 2 bdrin,
W/S/Li paid, laundry
facilities 1 611110 Okay No
pelts. 209 5 4(11 St 1230 plus
Jep 5/5./9511.
TUI'PLNISF1 1 1114 dishwasher,
disposal. A/C W/S/U plus
111,01(2 LIIOIIIIW pd, 1u(n-up
aun0ry Mint:Mud Nu Children
0r pets ((55.4809
(.1,010 905-38/9 453.5591 13011145 LI ASS01,
3 DH Wusl Valley Fanuly 101, BRAND NEW 3 BB, 11. train F
(5, 11a115, riruplale 11) YarJ (ambler, highest quality Coil
w/c:,vuluJ p1lru alum 41(31110 5)10,211011 vaultuJ cnllult)s F
354 1150 aoaunlablu'Ju5-3169_ IllopMeu uah Cabinets heal 1
4 yr 01J, 1825 511 II J 1111 2 pump FHA Jppluvell, 111 year 4
.1 A1,- 1991,
(4(2111,2 01 De 1,211 1.041001( 101, flume 041111 010(-10W 11 011 .ul
N11.. W S."
malty 0,11.44 [1120 plush MI. IULa UOn Cul 506 1403 D
len Notice 01 IollucuO to 1/4 9110 452 4011 Ha,nlllun Ave 5/5_-(9120
act] ,n Olin 4 UUI(M HUML Muse 1.0 CUSIUM BUIL! 3 1311 wrin 2 U
dal Mutter 'son S,nuol Large plush bo1114 euddr 1011)),,,, 11( Y
1,t le 110 raid 1.19 WA/ Ulu0ve ral,lleU 1.01111(0 Cu51o,n
W P .25;011 2900 VJ 111111,1,1 4123 1907 de12ur, 2 ha Ida,. hlit.11un, 0,,:r- -
MESA AI'AIITMLN TS
urnlah4J slu0lus, 1 & 2 BH
1(411 1220 Adult Culhplux
feu (..21115/17 U0 SWun111111g
nn11 1 /115 1,0(00)1 Hd. 5/5-
919 PMS'
I'LALA 106
eluxo 2 burrs. all uluCinc,
vas/um/Myer, lully Insulated,
aqu Pailotlll 2 blinks Io
.455na Mall 13(10 (0104 Jep
AUu115 Wily 110 pets Avail
Iq,t 1 453 7381
LI prowl 01 2 cal Oa110 U0 5(511"
4 (1011M hvin{) ruum, lam1y klurb only 2 ye,15, UW' 41
.,411111) 1120111 2 14115 17/0 tat II
911(1 Alpine Way CLltlaLl
(11:Id 111 01:1 01- t'-11.,1 :.I,1( 12/`, 1,1u:
1 111G.t 011- ..(.0( 10e1, J 1111 1 tia111 Hume,
at 1..tii,t,11111115 I,Nnlal ,11111.1 1 li.d,g 11115,
.. , ...,. it 1: A. IJll1 111, (ot.l,ll 1(11
,o t.1.. 1,l,, .11 •. 11.111 111,4 131 Rust, Vlsla
r a ball, 111.51 dnllt, It,r. y.(, 1--_-_--_-4
11 1.. s .,.,,tub .1 fill 11021.11 111 ,,... 1(e•. un
1115.000 CHAIILENE Almon
Heony 905-3030 - -- _---- -
G1k ED 0,1(1
blit. h. tl„Illu 1/50 4r) 11 , ,t-
Ila1 1,11. Jenn .111,1 (0(,,,
Moil 111 d(ti,i oak 1 atauela
0,,,,0le uat garage UG aprlrt
hlur Sysn:nl Guwl.lcl„ . l., „1
1.,I11 work .11.•0 5(J Jnd
Apartments—Un1urnlshed
141 3V 1 U1) 51139/111u.1,ett al
/1011
1111, 170011(04 sot, al AVAIL ABLE NOW Clean 1
1112UC Burry 41,3•1207 Btt, s1(, yard, 910101. adults
1 1111 ,dl- ° -_u ,Lull) -u , only, w15(q ot/ 1100 plus
I'(' 1 Jep 9,0 I01,8 91,, /904
1113 !, Inlh Ave Admit, 110 - - --- ---. ---
41
Apartments—Unlurllished
1005 S 42ND AVE 2 1311 W/14
hkup 1.100/leu S1,u Chal101,
Caldwell Banker, 248-510)
WESI SIDE _-_—_
Quality, quiet 1 13H, all uppl.,
arc. laundry 5240 Adults no
puts. 697 48/4_097-3939_
LOW INCOME apt fur su111II1s.
NIL., 1 btlrin AIC apt. 111 Z111ah
U111111e4 )20111 lien) depends
UII IIILurllu 1)29-0057
21111 111-piw near YVC. Appl,
ml Cal put. Wig 1,U 12u0
A1Jul1 nu pink rolerencus.
453-/937 1,1 452-9299
only 1185 mu Lg 11)11,
wl,5lS(lu Cal puled, draped,
app!, oil-slreel pal king 440114,
1(0 p015. 110000p 453-2554
Newly 110012urale, 1 0, 2 DH s.
A/C. all app) 4larlt»g al 1210
1110 041117 1100 dup. 09/.7458,
575 8588
511_011, THE VlKI1JCi, 2 BH
palm -deck AppllanCUS, Ca11•
Ir al air, ulool 10,2,41021( 1(0 pals
1300 plus deft Adults only
Days, 097 1)100_ eves 097-4537
1 5111, 152 bolIl bwunnurlt) pu01
0IVJ, .ppl Genual t,)1 cu1d
1,511) 1)(10115, laundry 1111, palm
nus Ken 0k Huls (eq. 1310
161116. Mead 453-1154 ----
WESTSIDE 2 BR
Sp011ess d spasmus Nulh) so -
A/C WIN laundry Id -
11111y No pets 3185.453-62211
SUPF.HLI I 2 lIlIs----1250
285(,1(, 11(50 Jul' Ultra LI1.111,
SICute, AC W1ti(51 pain F-ur-
IIIIUrI, available Nu (:IIIIdiu11,
nu pets. 452-5340 453-/522
SPACIOUS
Quality 2 DH wlappll , A/C,
1 1l111ty 1 child 0k nu puts
5260 097-49/4 01 1191 3939
1 1151, 2 blul.k5 No of Yakima
Mall Appl , AC, Cmn-op laun-
dry, 5(11 S parking Very CIo*(1
& qurnl AJull4 nu pets
1225/mo $12514.), 453.6531
QUALITY
SELAH, 1 UH appl, AIC &
laundry Adults Only /10 pets
52.19 CJI'
69/-4814 01_09/-4939
SMALL 1 °hill, appliances,
mitt/age/Walt r paid 1(0 Cn1-
0101l 01 pvl9 Relolurn:us.
Near Fru,J Meyer 310511(04
pies Clop Call 248.3204 fur
a)2puinllnenl.
•
1000 SO FT 2 b1rin, 2 bath,
Wilily hookup, close in
$)501,,10., 1150 damage 1401
Fulbuni Apt. O N0 children
nu pets. Ava11001u Aug. Isl.
956-5821
QUIET 1 BR
Spacious Wes)sldol Socu,o
brick bldg A/C laundry
taClhlrus cuver00 parhuq) We
pay heal d 1101 Walur Adults
3295 453-560/ 0145,3-0129
LA MIHADA
/03 S 3811, Avu 2 1,01(1( execu-
tive, apt. Ea..ellen! weslsnl1 lo-
cation Nice Cdurlydrd 5041111-
1111110 poul, adults 1325/1110
Suu Charlet, CulJwull Banker,
248 5101
42
Houses—Furnished
43
Houses -Unfurnished
WHY 111 N I? Buy my 111/8
DIW mubdu 1,01110 Uuyor will
Who over pay.lu111S and pay
fur transfer lees. 1012a(u0 Irl
adult t,ur1 Nu children 3
balm, 2 baln5 fireplace, heat
pump Call ueluie 8 00 or alter
5.30 CuuIJ 011 inlayed 45J-2/87
44
01
Dui
II ,.
par.
901
able
1201,
3, 0
0111
N11.
Duplexes—Furnished lilt,
Jami
Llu.
Spulless SOCure (10101, well
home(' 1 BB 12-plux W'sldu,
yard Caro, 1)J rlelq(bur9
adults, 1(0 puts, 5249 966-3099
45
Duplexes—Unfurnished
ADULr clean 1 501,n,
$210/mo plus Jop 906-5155.
503 S. Neches Ave, studio
milt, remodeled, upstairs,
1125.452 JSJBDayBruak_
7 UH 400)9, 13011 140111 & )3 11(
WIG pd Hel roqu'J. 91)54o240
1,r 965 0295, 9-0
We TYIOODWESIIV
Nice 2 UH AIC, carped, yard,
5205 adults 5/5-000/
___
Westside J 1311 ler the pm, 01
2 W/0 hkup A/C app!. WlG
IJ 3_315/lino 452_0(_34
2 1111 CLEAN Calpo)s, tlfapoa,
all am,nol,Leb 1(,1.4, 410lu (i
Uu5 1.1011 04)1) 1,4 453-0245
-- 201.0 N 6/11 PLALE _-
3 1,01rn family 100111 34/', Call
Sue Challut, Culdwull Banker
248.5191
RLI
Utah
W1111
CAI.
Pte.
Lupe
0111,
CA
1ING
new
Utat,�
2000
w;1,.
P1(:.
11(111
.11,-
/Att.,
11,-
57,,,,
(ria
U,..
Ideal 2 singles sparkling 2
BB, 2 ball, daylight ba4e10un1. pot n
1.111111y 1111 410101)e 1111 v59d, 1"-1,”
1.111111y
CarperL 1410 A e1.
:4t, 1-•
Exelulwe U111, Heal mud m0 -
let 2 1111, 2 banes app!, an,
adults only, 11011 5IIIOh,(9
3500 452 3848 D0-/Ureak
2 DR, 1 balk, INA deck,
landscaped auto Sp11flhiulS
Near the 13/5(1110 248-15/4 0r
collect. 503.245-5404 uv11nu1g1.
Ulhl
L
lJl, .
10112(1,
10110.
up •
Clan,,
Wan:(
30 Wu
3 BDHM, 2 bale, lueplaee, 1100,.,
IJI(L41-apud yard, g4(age luau.
Jenn-Aire, AC. near Ike Stela„
$4/51,00 2413-15/4 or collect, hue 1
503-245-5434 evenings se12uli
CLEAN 2 13H, AC app1 Wit) nt,,15
no pets Or small CluiJl en 1014 I.
5250/mo , $175 dep 1308 1,) pill
MCKllduy & 1108 Churty 452- sumo
8165 01 454-1112 104a),,
Ut41ON GAP, no'wer energy el- 'less a
Iiciu11) 2 BH all appl, Carpel, 11iI0
Jlapus, A/C, WIU hkup, ga-
rage, 4110 S 3rd SI. nu pets,
$3.0 plus 1200 dep 575.7950
1 BH $11151no 1100 Jop, 1101
N I4l St 2 BH, 1230111(0 5150.
Uup 1103/, N 1st St, nu pets,
Vv/SIG 110 appliances, 24/S-
3361,69/-9487
ML
WESTSIDL. Oulu!, SpaCtOus FULL
yualnv
plush 2 UH, 2 lain a1,1211. ya-
rade Ue12k, central air WIG 11 3411, A.
yard care pd adjacent to gull -
Cuulsu Adults nu pets 3355 MUNI'
CASCADE_U21_01ENS 245.I/9) aUre
WESTSIUE newUl Super IIICU ulmuc-
energy efficient 2 BH in 4 -plea --idol
appl carpel, Jlapes arc w/t1. 01-111,1
hkup, 011 5)lee,l parkin.) 6 ya1,1 10011(11 •
Late m(.1 Nu puna 1119 Jellel- up 1.
suit 3325/.105 Jep 575-1950 Fr1,11..,
J LSH split luvul, la,udy leu' 01 '
newly r.al1,ulu0, 2 -Lir dltu12reJ (I1l.l.
((*1000, a/l, 041,4 hhul,s 1 ''e 511511
11.1(115 Yard Care 111,2 wlq (1t) —.
Yakima Housing Authority
110 Fair Avenue
Yakima, WA. 98901
Southeast Community Center
1211 S. 7th Street
Yakima, WA. 98901
Yakima Neighborhood Health
12 S. 8th Street
Yakima, WA. 98901
Social Security
103 S. 3rd Street
Yakima, WA. 98901
Yakima Health District
104 N. 1st Street
Yakima, WA. 98901
Planned Parenthood
208 N. 3rd Avenue
Yakima, WA. 98902
Salvation Army
11 S. 6th Avenue
Yakima, WA. 98902
Homeless Coalitipn
15 N. Naches Avenue
Yakima, WA. 98901
SUGGESTED MAILING LIST
Senior Citizens Center
602 N. 4th Street
Yakima, WA. 98901
American Red Cross
302 S. 2nd Street
Yakima, WA. 98901
YWCA - Crisis Center
15 N. Naches Avenue
Yakima, WA. 98901
Center for the Deaf
303 S. 12th Avenue
Yakima, WA. 98902
Evergreen Legal Services
Larson Bldg/2nd Floor
Yakima, WA. 98901
Goodwill Industries
222 S. 3rd Street
Yakima, WA. 98901
DSHS
1002 N. 16th Avenue
Yakima, WA. 98902
OWNER'S TENA1N_ DOCUMENTATION
APPLICANT'S NAME
SEX
AGE
ETHNIC CATEGORY
HANDI-
CAP
VACANCY UNIT AND
VACANCY DATE
EXISTING
TENANT
APPROVED
* DISAPPROVED
LATE/NON-PMT
OF RENT
DESCRUCTION
OF PROPERTY
PRIOR
EVICTION
v)
w
w
w
Q w
< w
p C4
NO INCOME
SOURCE
w
x
H
0
HEAD OF HOUSEHOLD
M
Fa
WHITE
BLACK
z
Ln
H
w
ASIAN/PAC
ISLANDER
AMER IND.
ALASKAN
Y
N
DATE
APPLICANT'S NAME
EXPLANATION OF TENANCY DENIAL
EXHIBIT P
AGREEMENT
This Agreement is made this day of by and between
having his principle place of business at
(Contractor)
(ADDRESS)
and hereinafter called Contractor and
(HOMEOWNER'S NAME)
residing at , and thereinafter called
Owner
and the City of Yakima, hereinafter called City whose principal address is 129 North Second Street, Yakima,
Washington 98901.
WITNESSETH
The Contractor and the Owner and the City for the consideration hereinafter named and for other good and valuable
consideration agree as follows:
1. CONTRACT. This contract shall consist of the Bid and Proposal, this Agreement, the Housing
Rehabilitation General Specifications, the Work Write-up and Plans.
2. CHANG ES. No changes in the work covered by this contract shall be made without having prior written
approval of the Owner and the City in writing.
3. TIME OF PERFORMANCE AND LIQUIDATED DAMAGES. The Contractor shall
commence work to be performed under this contract by
and shall diligently pursue and execute the work described herein completing such work by
The time for the completion of the work as permitted by this contract is admitted to have been sufficiently
advanced to allow resulting benefit to the Contractor from earlier completion of work. Time, therefore,
shall be of the essence of this contract. If the Contractor shall fail to complete the work within the time
specified in this contract, he shall pay the City as liquidated damages in the amount of $25.00 dollars per
calendar day that the work remains uncompleted beyond the specified completion date herein, unless there
shall have been an extension of time granted by the City. In the event of an extension of time, the
Contractor shall pay the City as liquidated damages the specified amount per calendar day for each day the
work remains uncompleted beyond the date fixed by the extension of time.
The Contractor does hereby authorize the City to deduct such liquidated damages from the amount due, or to
become due, the Contractor. The Contractor further agrees than any such deduction shall not in any degree
release him froni further obligations and liabilities in respect to the fulfillment of the entire contract.
Liquidated damages shall not be assessed the Contractor for unworkable days caused by weather conditions,
or omissions of the Owner, or for any other days for which any extension of time has been granted.
4. PAYMENT. Contractor will he paid the contract price in one lump sum by the City within thirty days
after completion of all work, to the satisfaction of the City and the Owner, as determined by inspection,
provided, however, the City and the Owner may make progress payments as portions of the work arc
completed to the satisfaction of the City and Owner as determined by inspection. Progress payments and
final paytnent shall be subject to the withholding of a retained percentage of ten percent of the amount of
the particular payment.
Listed below or within the Work Write-up and Plan is a schedule which specifics the stages at which the
Contractor may apply for payment together with the amount which may be paid on completion of each
stage of the contract to the satisfaction of the Owner and the City.
No more than four progress payments shall be allowed, all of which together shall not exceed ninety percent
of the total contract price listed herein. Progress payments, if any, shall be made within twenty days and
the final payment within thirty days after the City completes a satisfactory inspection and received
Contractor's invoice, written release of lien or claims for lien by Contractor, subContractors, laborers, and
material suppliers for work completed or materials installed on the premises.
5. SECURITY FUND. In the event the total contract price of this contract shall exceed ten thousand
dollars, and in lieu of a performance bond or other security, the Contractor shall pay to the City an amount
of money equal to two percent of the total contract price. Such amount shall be due and payable prior to
any work starting and shall be non-refundable.
The City shall deposit such amount into a security fund together with like amounts from like contracts to
be applied by the City alone in the event of breach of any of the terms of the contract by Contractor. The
Owner shall have no right to money contributed to such fund. The purpose of such fund is to create a
system of perforrnance security for the entire City rehabilitation loan program. Provided, that application
of funds from the security fund in the event of Contractor's breach shall in no way mitigate or negate
Contractor's liability for damages.
6. PRICE. For the consideration mentioned herein the Contractor proposes to furnish all the material and do
all the work described in the Work Write-up and Plans in accordance with all the provisions of this contract
for the lump sum price of:
(PRICE IN WORDS) (PRICE IN FIGURES)
7. INSURANCE. Contractor shall furnish to the City and Owner evidence of comprehensive liability
insurance coverage protecting the Owner and the City for not less than the total amount of $300,000.00 in
the event of bodily injury and death arising out of work performed under this contract and the sum of
$1(X),000.00 in the event of property damage arising out of work performed under this contract.
Contractor shall carry and require that there be carried Workman's Compensation Insurance in accordance
with Washington law for all his employees and those of his subContractors.
8. PERMITS. Contractor shall obtain at his own expense all permits and licenses necessary for work under
this contract.
9. CODE CONFORMANCE. Contractor shall perform and cause to be performed alt work in
conformance with all applicable law.
10. NON DISCRIMINATION IN GOVERNMENT EMPLOYMENT. Executive Order 11246
Subpart B - Contractor's Agreements Sec. 202. Except in contracts exempted in accordance with Section
204 of this Order, all Government contracting agencies shall include in every Government contract
hereinafter entered into the following provisions: During the performance of this contract, the Contractor
agrees as follows:
(1)
The Contractor will not discriminate against any employee or applicant for employment because of
race, color, religion, sex, or national origin. The Contractor will take affirmative action to ensure
that applicants are employed, and the employees are treated fairly during employment, without
regard to their race, color, religion, sex, or national origin. Such action shall include, but not be
limited to the following: employment, upgrading, demotion, or transfer; recruitment or
recruitment, advertising; lay-off, or termination; rates of pay or other forms of compensation; and
selection for training, including apprenticeship. The Contractor agrees to post in conspicuous
places, available to employees and applicants for employment, notices to be provided by the
contracting officer setting forth the provisions of this nondiscrimination clause.
(2) The Contractor will, in all solicitations or advertisements for employees placed by or on behalf of
the Contractor, state that all qualified applicants will receive consideration for employment without
regard to race, color, religion, scx, or national origin.
The Contractor will send to each labor union or representative of workers with which he has a
collective bargaining agreement or other contract or understanding, a notice to be provided by the
agency contracting officer, advising the labor union or worker's representative of the Contractor's
commitments under Section 202 of Executive Order No. 11246 of September 24, 1965, and shall
post copies of the notice in conspicuous places available to employees and applicants for
employment.
(3)
(4) The Contractor will comply with all provisions of Executive Order No. 11246 of September 24,
1965, and of the rules, regulations, and relevant orders of the Secretary of Labor.
(5)
The Contractor will furnish all information and reports required by Executive Order No. 11246 of
September 24, 1965, and by rules, regulations, and orders of the Secretary of Labor, or pursuant
thereto, and will permit access to his books, records, and accounts by the contracting agency and
the Secretary of Labor for the purposes of investigation to ascertain compliance with such rules,
regulations, and orders.
(6) In the event of the Contractor's noncompliance with the non-discrimination clauses of this contract
or with any of such roles, regulations, or orders, this contract may be canceled, terminated, or
suspended in while or in part and the Contractor may be declared ineligible for further Government
contracts in accordance with procedures authorized in Executive Order No. 11246 of September 24,
1965, and such other sanctions may he imposed and remedies involved as provided in Executive
Order No. 11246 of September 24, 1965, and such other sanctions may be imposed and remedies
involved as provided in Executive Order No. 11246 of September 24, 1965 or by rule, regulation
or order of the Secretary of labor, or as otherwise provided by law.
(7)
The Contractor will include the provisions of paragraphs (1) through (7) in every subcontract or
purchase order unless exempted by rules, regulations or orders of the Secretary of Labor issued
pursuant to Section 204 of Executive Order No. 11246 of September 24, 1965, so that such
provisions will he binding upon each subContractor or vendor. The Contractor will take such
action with respect to any subContractors or purchase order as the contracting agency may direct as
a means of enforcing such provision including sanctions for noncompliance; Provided, however,
that in the event the Contractor becomes involved in or threatened with, litigation with a
subContractor or vendor as a result of such direction by the contracting agency, the Contractor may
request the United States to enter into such litigation to protect the interests of the United States.
11. EMPLOYMENT OPPORTUNITIES FOR BUSINESS AND LOWER INCOME
PERSONS IN CONNECTION WITH ASSISTED PROJECTS. TITLE 24 (A)The work
to be performed under this contract is on a project assisted under a program providing direct Federal financial
assistance from the Deparunent of Housing and Urban Development and is subject to the requirements of
Section 3 of the Housing and Urban Development Act of 1968 as amended, 12 U.S.C.. 1701u. Section 3
requires that to the greatest extent feasible, opportunities for training and employment be given lower
income residents of the project area and contracts for work in connection with the project be awarded to
business concerns which arc located in, or owned in substantial part by persons residing in the area of the
project. (B)The parties to this contract will comply with the provisions of said Section 3 and the
regulations issued pursuant thereto by the Secretary of Housing and Urban Development set forth in 24
CFR Part 135 and all applicable rules and orders of the Department issued thereunder prior to the execution
of this contract. The parties to this contract certify and agree that they arc under no contractual or other
disability which would prevent them from complying with these requirements. (C)The Contractor will send
to each labor organization or representative of workers with which he has a collective bargaining agreement
or other contract or understanding, if any, a notice advising the said labor organization or workers'
representative of his commitments under this Section 3 clause and shall post copies of the notice in
conspicuous places available to employees and applicants for employment or training. (D) The contract
will include this Section 3 clause in every subcontract for work in connection with the project and will, at
the direction of the applicant for or recipient of Federal financial assistance, take appropriate action pursuant
to the subcontract upon a finding that the subContractor is in violation of regulations issued by the
Secretary of Housing and Urban Development, 24 CFR Part 135. The Contractor will not subcontract with
any subContractor where it has notice or knowledge that the latter has been found in violation of
regulations under 24 CFR Part 135 and will not let any subcontract unless the subContractor has first
provided it with a preliminary statement of ability to comply with the requirements of these regulations.
(E) Compliance with the provisions of Section 3, the regulations set forth in 24 CFR Part 135, and all
applicable rules and orders of the Department issued thereunder prior to the execution of the contract, shall
be a condition of the Federal financial assistance provided to the project, binding upon the applicant or
recipient for such assistance, its successors, and assigns. Failure to fulfill these requirements shall subject
the applicant or recipient, its Contractors and subContractors, its successors, and assigns to those sanctions
specified by the grant or loan agreement or contract through which Federal assistance is provided, and to
such sanctions as arc specified by 24 CFR Part 135.
12. If this contract is for a structure that will contain 5 of more dwelling units after rehabilitation, the
Contractor will, and will require his subContractors to abide by the Federal Labor Standards provisions, or
use supplemental Terms and Conditions for a Federal Rehabilitation Loan Under Section 312 of Housing
Act of 1964, as amended, for residential properties containing 12 or more dwelling units, and HUD 3200,
Federal Labor Standards Provisions as Modified by form HUD 3200A, Addendum to Federal Labor
Standards Provisions.
13. LEAD BASE PAINT. Contractor will not use lead base paint materials on any surface interior or
exterior. Contractor will take all safety precautions and strictly enforce them when removing lead base
paint. This building has been inspected and provisions made to correct "defective paint conditions in
accordance with Title 24, Subpart C 35.24 (B) (2).
14. CONDITION OF THE PREMISES. Contractor shall keep the premises clean and orderly and
remove all debris immediately upon completion of work. Materials and equipment that have been retnoved
and replaced as part of the work herein shall belong to the Contractor.
15. NON ASSIGNMENT. Contractor shall not assign this contract or any part thereof without the written
consent of the Owner and the City. Request for assignment shall be sent to the City in care of the Director
of Community and Economic Development.
16. GUARANTEE. Contractor shall perform or cause to be performed all work under this contract in a good
and workmanlike manner. Furthermore, Contractor guarantees that all work performed under this contract
shall be free of defects in labor or materials for one year from date of completion. Contractor shall furnish
Owner with all suppliers and manufacturer's written guarantees and warranties covering materials and
equipment furnished under this contract.
17. INSPECTION Contractor shall permit officials of the United States and the City to inspect work
performed hereunder as well as to inspect Contractor's books, records, correspondence, drawings, receipts,
vouchers, payrolls, agreements and other papers which relate to work performed under this contract.
Contractor shall preserve the aforementioned records for two years after final payment hereunder.
18. OWNER'S COOPERATION. Owner shall permit Contractor to use, at no cost, existing utilities on
the premises including but not limited to light, heat, electricity and water which are necessary to carry out
the completion of work under this contract. Owner shall cooperate with Contractor to facilitate the
performance of work in all reasonable ways, including but not limited to, the removal of rugs, coverings,
furniture and appliances, as necessary.
19. BREACII. Time is of the essence in performance of this contract. Upon breach of any conditions within
this contract, the City and the Owner may send to the Contractor written notice at his address listed herein
by registered mail, return receipt request, setting out with particularity the nature in the breach. If within
ten days after mailing such notice, Contractor has not satisfactorily remedied all breaches, the City and the
Owner may declare this contract in default. In addition to all other remedies afforded by law, the City shall,
upon Contractor's default, withhold all payments to Contractor and the City and Owner may assign a new
Contractor to complete this contract. In the event of legal action against the Contractor, arising out of this
contract, the City and Owner shall be entitled to the award of reasonable attorney's fees.
20. HOLD HARMLESS. The Contractor shall defend, indemnify, and hold harmless the Owner and the
City and any of its officials and employees from any and all liability arising out of the performance of this
contract.
Provided, that the indemnity provision of this section shall not apply to damages arising out of bodily
injury or property damage from sole negligence of the City, its agents or employees.
Provided, further; that this section shall apply to damages arising out of bodily injury to persons or damage
to property caused by or resulting from the concurrent negligence of the Contractor, his agents or
employees and the City, its agents and employees.
21. ANTI -KICK BACK PROVISION. That the Contractor shall comply with the applicant regulations
of the Secretary of Labor, United States Department of Labor made pursuant to the so-called "Anti -Kickback
Act," of June 12, 1934, (48 Stat. 948; 62 Stat. 862, Title 18 U.S.C., Sec. 874; and Title 40 U.S.C.,
Section 276(c) and any amendments or modifications thereof, shall cause appropriate provisions to be
inserted in subcontracts to ensure compliance therewith by all subContractors subject thereto, and shall be
responsible for the submission of statements required of subContractors thereunder except as said Secretary
of Labor may specifically provide for reasonable limitations, variations, tolerances and exemptions from the
requirement thereof.
22. ARBITRATION. All claims and disputes arising out of this contract or the breach thereof except for
claims which have been waived by the making or acceptance of final payment shall be decided by arbitration
in accordance with the Construction Industry Arbitration Rules of the American Arbitration Association
then obtaining. This contract to arbitrate shall be specifically enforceable under the prevailing arbitration
law. The award rendered by the arbitrator shall be final and binding on all parties, and judgment may be
entered upon it in any court having jurisdiction.
Notice of the demand for arbitration shall be filed in writing with the other parties to this contract. The
demand for arbitration shall be made prior to final payment. The City shall pay for and arrange arbitration
proceedings requested under this section.
CONTRACTOR'S ACCEPTANCE
Contractor's Signature
Date
OWNER'S ACCEPTANCE
Acceptance by the City
Glenn J. Valenzuela, Director of Community and Economic Development
EXHIBIT Q
Self-I-Ielp Rental Rehabilitation Completion Certification
This Agreement is nude this
day of , 19 by
having his principle
place of residency at
For the rehabilitation of
WITNESSETH
CONSIDERATION
The Owner, for the consideration hereinafter named and for other good and valuable consideration,
agrees as follows:
1. CONTRACT. This contract shall consist of the Bid and minimum Housing Quality
Standards and deficiency list.
2. CI-IANGES. No changes in the work covered by this contract shall be made without
prior notification in writing to both the Office of Housing and Neighborhood Conservation
and the financial institution.
3. TIME OF PERFORMANCE. The owner shall commence work to be performed under
this contract by and shall diligently pursue and
execute the work described herein completing such work by All
requests for extension of time, shall be in writing stating the time extension required and its
cause. This will be reviewed and accepted or rejected by the Office of Housing and
Neighborhood Conservation and the financial institution.
4. PAYMENT. The owner will be paid the contract price in one lump sum by the bank
within thirty days after completion of all work, to the satisfaction of the City and the
financial institution, as determined by inspection, provided, however, the City and the
financial institution may make progress payments as portions of the work are completed to
the satisfaction. of the City and the financial institution as determined by inspection.
Final payment will be made on completion of the contract to the satisfaction of the financial
institution and the City and they have received invoices, written release of lien or claims for
lien by sub -contractors, laborers, and material suppliers for work completed or materials
installed on the premises.
5. PRICE. For the consideration mentioned herein the owner proposes to furnish all the
material and do all the work described in the deficiency list and bids in accordance with all
the provisions of this contract for the lump sung price of:
(PRICE IN WORDS)
(PRICE IN FIGURES)
6. INSURANCE. Owner shall have evidence of comprehensive liability insurance coverage
protecting the City in the event of property damage or bodily injury arising out of work
performed under this contract.
Owner shall carry and require that there be carried Workman's Compensation Insurance in
accordance with Washington law for all his employees and those of his sub -contractors.
7. PERMITS. Owner shall obtain at his own expense all permits and licenses necessary for
work under this contract.
8. CODE CONFORMANCE. Owner shall perform and cause to be performed all work in
conformance with all applicable law.
9. NON DISCRIMINATION IN GOVERNMENT EMPLOYMENT. Executive
Order 11246 Subpart B - Contractor's Agreements Sec. 202. Except in contracts exempted
in accordance with Section 204 of this Order, all Government contracting agencies shall
include in every Government contract hereinafter entered into the following provisions:
During the performance of this contract, the Owner agrees as follows:
(1)
The owner will not discriminate against any employee or applicant for employment
because of race, color, religion, sex, or national origin. The owner will take
affirmative action to ensure that applicants are employed, and the employees are
treated fairly during employment, without regard to their race, color, religion, sex,
or national origin. Such action shall include, but not be limited to the following:
employment, upgrading, demotion, or transfer; recruitment or recruitment,
advertising; lay-off, or termination; rates of pay or other forms of compensation;
and selection for training, including apprenticeship. The owner agrees to post in
conspicuous places, available to employees and applicants for employment, notices
to be provided by the contracting officer setting forth the provisions of this
nondiscrimination clause.
(2) The owner will, in all solicitations or advertisements for employees placed by or on
behalf of the owner, state that all qualified applicants will receive consideration for
employment without regard to race, color, religion, sex, or national origin.
The owner will send to each labor union or representative of workers with which he
has a collective bargaining agreement or other contract or understanding, a notice to
be provided by the agency contracting officer, advising the labor union or worker's
representative of the contractor's commitments under Section 202 of Executive
Order No. 11246 of September 24, 1965, and shall post copies of the notice in
conspicuous places available to employees and applicants for employment.
(4) The owner will comply with all provisions of Executive Order No. 11246 of
September 24, 1965, and of the rules, regulations, and relevant orders of the
Secretary of Labor.
The owner will furnish all information and reports required by Executive Order No.
11246 of September 24, 1965, and by rules, regulations, and orders of the
Secretary of Labor, or pursuant thereto, and will permit access to his books,
records, and accounts by the contracting agency and the Secretary of Labor for the
purposes of investigation to ascertain compliance with such rules, regulations, and
orders.
(3)
(5)
(6) In the event of the owner's noncompliance with the non-discrimination clauses of
this contract or with any of such rules, regulations, or orders, this contract may be
canceled, terminated, or suspended in whole or in part and the contractor may be
declared ineligible for further Government contracts in accordance with procedures
authorized in Executive Order No. 11246 of September 24, 1965, and such other
sanctions may be imposed and remedies involved as provided in Executive Order
No. 11246 of September 24, 1965, and such other sanctions may be imposed and
remedies involved as provided in Executive Order No. 11246 of September 24,
1965 or by rule, regulation or order of the Secretary of labor, or as otherwise
provided by law.
The owner will include the provisions of paragraphs (1) through (7) in every
subcontract or purchase order unless exempted by rules, regulations or orders of
the Secretary of Labor issued pursuant to Section 204 of Executive Order No.
11246 of September 24, 1965, so that such provisions will be binding upon each
sub-contractor or vendor. The owner will take such action with respect to any sub-
contractors or purchase order as the contracting agency may direct as a means of
enforcing such provision including sanctions for noncompliance; Provided,
however, that in the event the contractor becomes involved in or threatened with,
litigation with a sub-contractors or vendor as a result of such direction by the
contracting agency, the owner may request the United States to enter into such
litigation to protect the interests of the United States.
10. PREVAILING WAGE SCALE. If this contract is for a structure that will contain 5 or
more dwelling units after rehabilitation, the contractor will, and will require his
subcontractors to abide by the Federal Labor Standards provisions as set forth by the Davis
Bacon Labor Compliance Act.
11. LEAD BASE PAINT. Owner will not use lead base paint materials on any surface
interior or exterior. The contractor will take all safety precautions and strictly enforce them
when removing lead base paint. This building has been inspected and provisions made to
correct "defective paint conditions in accordance with Title 24, Subpart C 35.24 (B) (2).
12. INSPECTION. Owner shall permit officials of the United States and the City to inspect
work performed hereunder as well as to inspect owner's hooks, records, correspondence,
drawings, receipts, vouchers, payrolls, agreements, and other papers which relate to work
performed under this contract. Owner shall preserve the aforementioned records for two
years after final payment hereunder.
13. BREACH. Time is of the essence in performance of this contract. Upon breach of any
conditions within this contract, the City may send to the owner written notice at his address
listed herein by registered mail, return receipt request, setting out with particularity the
nature in the breach. If within ten days after nailing such notice, owner has not
satisfactorily remedied all breaches, the City may declare this contract in default. In
addition to all other remedies afforded by law, the City shall, upon owner's default,
withhold all payments to owner. In the event of legal action against the owner to enforce
the provisions in this contract, the City shall be entitled to the award of reasonable
attorney's fees.
14. I1OLD HARMLESS. The Owner shall defend, indemnify, and hold harmless the City
and any of its officials and employees from any and all liability arising out of the
performance of this contract.
(7)
15. ANTI -KICK BACK PROVISION. That the Owner shall comply with the applicable
regulations of the Secretary of Labor, United States Department of Labor made pursuant to
the so-called "Anti -Kickback Act," of June 12, 1934, (48 Stat. 948; 62 Stat. 862, Title 18
U.S.C., Sec. 874; and Title 40 U.S.C., Section 276(c) and any amendments or
modifications thereof, shall cause appropriate provisions to be inserted in subcontracts to
ensure compliance therewith by all subcontractors subject thereto, and shall be responsible
for the submission of statements required of subcontractors thereunder except as said
Secretary of Labor may specifically provide for reasonable limitations, variations,
tolerances and exemptions from the requirement thereof.
CITY'S ACCEPTANCE
Glenn J. Valenzuela, Director of Community and Economic Development
OWNER'S ACCEPTANCE
OWNER'S SIGNATURE OWNER'S SIGNATURE
The attached Certification on Condominium Conversion and Section 8 Restrictions are a part of
this agreement.
EXEIIBIT R
CITY OF YAKIMA
OFFICE OF HOUSING AND NEIGHBORHOOD CONSERVATION
M/F REHABILILTATION PROGRAM
DRAW REQUEST
Date
Name:
Project Address:
Request 11
>LCIFICATION
TOTALS
REQUESTED
Bio
DRAW
14
ITEMS
DRAW
1
MASONRY
2
SIDING
3
GUTTERS & DOWNSPOUT
4
ROOF
5
SI IIJ'VI'ERS
6
EXTERIORS
7
WALKS
8
DRIVEWAYS
9
PAINTING (EXT)
0
CAULKING
I
FENCING
2
GRADING
3
WINDOWS
WEATI IERPROOFING
5
IX)ORS (EXT)
6
DOORS (INT)
7
PARTITION WAI.LS
8
PI.AS'IER DRYWALL
9
DECORATING
0
W(X)D-1'R IM
>
1
STAIRS
2
CLOSETS
;3
WOOD FLOORS
:4
FINISH FLOORS
15
CERAMIC'1'II.E
6
BNI'II ACCESSORIES
:7
PLI JMBING
!8
LLECMICA L
9
ING
HEATING
0
INSI JLA"I'ION
I I
CABINEIRY
12
APPLIANCES
13
BASEMENT
14
CLEAN UP
15
MISC.-MOVING EXPENSE
6
ALLOWABLE FEES
17
Contingency $1.000
TOTA LS
The undersigned certifies that the work has been completed as per
the percentage and dollar amount indicated.
Marvin Miller, Rehab Specialist
Date
The undersigned understands and agrees that the percentage of work
has been completed as per the dollar amount indicated.
Investor
Date
The undersigned recommends approval of the payment as requested.
Dixie L. Kracht, Block Grant Manager Date
Make check payable to:
EXHIBIT S
CITY OF YAKIMA
OFFICE OF HOUSING AND NEIGHBORHOOD CONSERVATION
INVESTOR' APPLICATION FOR PAYMENT
PROJECT NUMBER: REQUEST #
NAME AND ADDRESS OF INVESTOR
The work items and percentages have been completed as indicated on the attached
sheet on the project located at
Construction Amt $ Total Loan Amt $
Change Order $ Closing Costs $_
Available Funds $ Refinance $
Amount Completed $ Net Proceeds $
Previous Payment $ Draws To Date $_
Amount Due $ Account Balance $
DATE Investor's Signature
Check # Disbursed By
Lending Institution:
EXHIBIT T
CITY OF YAKIMA
OFFICE OF HOUSING AND NEIGHBORHOOD CONSERVATION
112 SOUTH 8TH STREET YAKIMA, WA 98901 575-6101
YEAR:
INVESTOR
RENTAL ADDRESS
199
Now that your rental rehabilitation is complete, our office is required
to obtain the following information for reporting purposes. Please
fill in the chart below as soon as all your units are rented and return
to our office within 30 days. A median income guideline has been
enclosed to assist in determining that column.
We appreciate your assistance in completing your file.
# OF
BDRMS
MO
RENT
MEDIAN
INCOME
RACE/ETHNICITY
HEAD/HOUSEHOLD
SIZE OF
FAMILY
FEMALE
HEAD/HSHD
RENTAL
ASSISTANCE
1=BELOW 50%
2=51%-80%
3=ABOVE 80%
4=NOT AVAIL
1=WHITE
2=BLACK.
3=AMER IND/
ALASKAN
4=ASIAN
5=HISPANIC
1=ELDERLY
2=4 OR LESS
3=5 OR MORE
4=SINGLE
1=YES
2=NO
1=YES
2=NO
CITY OF YAKIMA
DATE
Dear
EXHIBIT U
OFFICE OF HOUSING AND NEIGHBORHOOD CONSERVATION
A DIVISION OF COMMUNITY & ECONOMIC DEVELOPMENT
(509) 575-6101 FAX (509) 575-6176 SCAN 278-6101
112 S. EIGHTH STREET, YAKIMA, WASHINGTON 98901
On , 199 , (investor name) submitted an application to the City of
Yakima, Office of Housing and Neighborhood Conservation for financial assistance to
rehabilitate the building which you occupy at (address).
This notice is to inform you that, if the assistance is provided and the building is
rehabilitated, you will not be displaced. Therefore, we urge you not to move anywhere
at this time. (If you do elect to move for reasons of your choice, you will not be
provided relocation assistance).
If the application is approved and Federal assistance is provided for the rehabilitation,
you will be able to lease and occupy your present apartment (or suitable, decent, safe
and sanitary apartment in the same building) upon completion of the rehabilitation. Of
course, you must comply with standard lease terms and conditions.
After the rehabilitation, your initial rent, including the estimated average monthly utility
costs, will not exceed the greater of (a) your current rent/average utility costs, or (b) 30
percent of your average monthly gross household income. If you must move
temporarily so that the rehabilitation can be completed, suitable housing will be made
available to you for the temporary period, and you will be reimbursed for all
reasonable extra expenses, including all moving costs and any increase in housing
costs.
Again, we urge you not to move. If the project is approved, you can be sure that we
will make every effort to accommodate your needs. Because Federal assistance
would be involved, you would be protected by the Uniform Relocation assistance and
Real Property Acquisition Policies Act of 1970, as amended.
This letter is importance and should be retained. You will be contacted soon. In the
meantime, if you have any questions about our plans, please contact Jean Vickers,
Relocation Specialist, 575-6101, 112 S. 8th Street.
Sincerely,
Dixie J. Kracht,
Block Grant Manager
CITY OF YAKIMA
DATE
Dear
OFFICE OF HOUSING AND NEIGHBORHOOD CONSERVATION
A DIVISION OF COMMUNITY & ECONOMIC DEVELOPMENT
(509) 575-6101 FAX (509) 575-6176 SCAN 278-6101
112 S. EIGHTH STREET, YAKIMA, WASHINGTON 98901
On , 199, we notified you that the owner of your buliding had applied for
assistance to make extensive repairs to the building. On , 199, the
owner's request was approved, and the repairs will begin soon.
This is a notice of nondisplacement. You will not be required to move permanently as
a result of the rehabilitation. This notice guarantees you the following:
1. You will be able to lease and occupy your present apartment (or another
suitable, decent, safe and sanitary apartment in the same building/complex)
upon completion of the rehabilitation. Your monthly rent will remain the same
or, if increased, your new rent and estimated average utility costs will not
exceed 30% of the gross income of all adult members of your household. Of
course, you must comply with the reasonable terms and conditions of your
lease.
2. If you must move temporarily so that the repairs can be completed, you will be
reimbursed for all of your extra expenses, including the cost of moving to and
from the temporarily occupations unit and any additional housing costs. The
temporary unit will be decent, safe and sanitary, and all other conditions of the
temporary move will be reasonable.
Since you will have the opportunity to occupy a newly rehabilitated apartment, I urge
you not to move. If you do elect o move for your own reasons, you will not receive any
relocation assistance.) We will make every effort to accommodate your needs.
Because Federal assistance is involved, your are protected by the Uniform Relocation
Assistance and Real Property Acquisition Policies Act of 1970, as amended.
If you have any questions, please contact Jean Vickers, Relocation Specialist at 575-
6101, 112 S. 8th Street. Remember, so not move before we have a chance to discuss
your eligibility for assistance. This letter is important to you and should be retained.
Sincerely,
Dixie L. Kracht
Block Grant Manager
EXHIBIT V
City of Yakima, Washington
Department of Community and Economic Development.- --
Office of Housing and Neighborhood Conservation ;. (-1,0
DISPLACEMENT AND RELOCATION PLAN
This policy will address all entities who are
displaced or temporarily displaced due to
circumstances beyond their control and was
activated by the funding of a Federal Program.
Housing Services Center
112 South 8th Street
Yakima, Washington 98901
Revised - September 1987
Revised - February 1991
DISPLACEMENT AND RELOCATION PLAN
TABLE OF CONTENTS
I. OVERVIEW
IL RELOCATION/DISPLACEMENT GOALS 1-2
III. PERMANENT RELOCATION ASSISTANCE FOR RESIDENTIAU
NON-RESIDENTIAL PERSONS.
1. Timely Information 2
2. Replacement Housing Assistance 2
3. Relocation Assistance Advisory Service 3
4. Claims for Relocation Payments 3
5. Payment for Moving and Related Expenses 3
6. Fixed Payment for Moving Expenses 4
7. Relocation Payment 4
IV. TEMPORARY RELOCATION ASSISTANCE 4
V. REPLACEMENT HOUSING PAYMENTS FOR HOMEOWNER OCCUPANTS 5
VI. RESIDENTIAL ANTIDISPLACEMENT & RELOCATION ASSISTANCE 5-7
SECTION 104(d)
APPENDIX I: Definitions
Required Forms: Attached
1. Claim for Temporary Relocation Payment
2. Residential Moving Expense & Dislocation Allowance Schedule
3. Claim for Rental Assistance Payment
4. Claim for Moving & Related Expenses -Residential
PAGE
1
5. Selection of Most Representative Comparable Replacement
Dwelling.
6. Claim for Moving & Related Expenses-Non-Residential
7. Claim for Fixed Payment in Lieu of Payment for Actual
Moving & Related Expenses
8. Claim for Replacement Housing Payment for 180 Day
Homeowner.
I. OVERVIEW
The purpose of this policy is to outline the activities relative to the
permanent or temporary displacement of occupants due to any
federally funded program. This policy includes general program
goals as well as the standards of the Tenant Assistance and
Relocation Policy. This policy applies to all residential
displacements where federal monies are involved. This policy is in
complicance with HUD Regulations 49 CFR Part 24, Uniform
Relocation Assistance and Real Property Acquisition Policies Act of
1970, as amended, (URA) and Hud implementing regulations at 24
CFR 42, and the relocation requirements in Section 104(d) of the
Housing and Community Development Act of 1974, as amended.
Neither the (OHNC) nor property owners participating in their
program will discriminate in the provision of information or
services on the basis of race, sex, age, religion, national origin,
handicap, or familia status.
II. RELOCATION/DISPLACEMENT GOALS AND OBJECTIVES
Displacement Goal:
The City of Yakima, Office of Housing and Neighborhood Conservation
(OHNC)shall minimize any potential or actual involuntary
displacement of residents or businesses.
Objective 1:
To minimize displacement, the (OHNC) shall consider the feasibility
of accomplishing the rehabilitation program in stages.
Implementation Strategies:
A. If (OHNC) determines that a tenant will not be displaced as a
result of a federally funded program, the resident shall be
ensured that the terms and conditions of the occupancy tenure
are consistent with (OHNC) standards for decent, safe and
sanitary housing.
B. The (OHNC) shall maintain sufficient records to demonstrate
compliance with this section.
Objective 2:
Any resident displaced due to a federal program implemented by the
(OHNC) will be offered assistance to remedy and stabilize their
living conditions.
Implementation Strategies:
A. Determination of eligibility for relocation assistance.
B. Offer temporary relocation funds or similar tenancy.
C. Refer eligible tenants to the Yakima Housing Authority for
qualification of Section 8 Certificates.
D. Make funds available to permanently displaced residents in
accordance with this relocation policy.
1I1. PERMANENT RELOCATION ASSISTANCE FOR RENTAL HOUSING
Tenants lawfully occupying a property who are not prohibited from
receiving federal assistance will be offered help in accordance with
the following policies, if the (ONHC) determines the tenant was
required to move for the purposes of an (OHNC) project.
1. Timely Information: A person scheduled to be displaced shall
be furnished with a general written description of the
relocation program which does at least the following:
a. Informs person he/she may be displaced, describes
relocation payments eligibility, reasonable advisory
services, stating that person will not be required to
move without 90 days written notice, including right of
appeal regarding the procedure.
2. Replacement Housing Assistance: No tenant shall be required
to move unless given a reasonable choice of replacement
housing.
a. Section 8 Assistance. - Eligible tenants will be offered
a Section 8 Certificate, or
b. Tenants will be offered comparable housing (see
definition) at the same rent or the payment in one lump
sum of the difference between the tenants before
rehabilitation rent (including utilities) or 30% of their
monthly income whichever is Tess, and the rent (including
utilities) for a comparable unit for a 42/60 month period.
3. Relocation Assistance Advisory Service: Persons displaced
under this policy will be offered assistance in finding
replacement housing in determining the needs of the household
and the maximum replacement housing payment for which they
may be eligible.
4. Claims for Relocation Payments:
a. Claims for relocation payment shall be submitted on a
standard claim form and supported by documentation.
b. Persons demonstrating the need to reduce a hardship
may be issued an advance relocation payment.
5. Moving and Related Expenses: A displaced person is entitled to
payment of actual moving and related expenses including:
a. 'transportation of persons and/or personal property;
b. Documented and reasonable labor costs incurred in the
actual movement and installation of personal property;
c. When storage of personal property is necessary, the
reasonable cost of storage and related insurance for a
period not to exceed 12 months.
d. Insurance for replacement value of the property in
connection with the move is necessary.
Replacement value of property lost, stolen, or damaged in
the process of moving where insurance covering such
loss, theft or damage was not available.
e. Other moving related expenses not specified as ineligible
(see definitions).
6. Fixed Payment: In lieu of reimbursement for actual moving and
related expenses, any person displaced pursuant to this policy
is entitled to receive a fixed payment that consists of:
a. A moving and dislocation allowance in accordance with
the applicable moving allowance schedule approved by
the Federal Highway Administration, and administered by
HUD.
7. Relocation Payment: Relocation payment received under these
regulations shall not be considered as income for the purpose
of the Internal Revenue Code of 1954, or for the purpose of
determining the eligibility of any person for assistance under
the Social Security Act or any other federal law.
IV. TEMPORARY RELOCATION ASSISTANCE
All tenants or owner -occupants lawfully occupying the property who
are not required to move permanently as a direct result of the
rehabilitation must be offered by the owner or program
administrator of the unit:
1. Decent, safe and sanitary housing;
2. Reimbursement of all out-of-pocket expenses incurred in
connection with the temporary relocation including moving
expenses and increased housing costs during the temporary
relocation;
3. Information regarding appeal procedures as established by
(OHNC).
V. REPLACEMENT HOUSING PAYMENTS FOR HOMEOWNER -
OCCUPANTS
Upon permanent displacement of homeowner occupants, the (OHNC)
will comply with all applicable regulations regarding replacement
housing payments for homeowner -occupants (24 CFR 42.4).
VI. RESIDENTIAL ANTIDISPLACEMENT AND RELOCATION
ASSISTANCE PLAN UNDER SECTION 104(d), AS AMENDED
The City of Yakima, Division of Housing & Neighborhood
Conservation, will replace all occupied and vacant occupiable
low/moderate-income dwelling units demolished or converted to a
use other than as low/moderate-income housing in connection with
an activity assisted with funds provided under the Housing and
Community Development Act of 1974, as amended, as described in
24 CFR 570.606(c)(1).
All replacement housing will be provided within three years after
the commencement of the demolition or conversion. Before entering
into a contract committing The City of Yakima (OHNC) to provide
funds for an activity that will directly result in demolition or
conversion the City of Yakima (OHNC) will make public by
publication in a local newspaper of general circulation and submit to
HUD the following information in writing:
1. A description of the porposed assisted activity;
2. The location on a map and number of dwelling units by size
(number of bedrooms) that will be demolished or converted to
a use other than as low/moderate-income dwelling units as a
direct result of the assisted activities;
3. A time schedule for the commencement and completion of the
demolition or conversion;
4. The location on a map and the number of dwelling units by size
(number of bedrooms) that will be provided as replacement
dwelling units. If such data are not available at the time of
the general submission, the City of Yakima (OHNC) will
identify the general location on an area map and the
approximate number of dwelling units by size and provide
information identifying the specific location and number of
dwelling units by size as soon as it is available;
5. The source of funding and a time schedule for the provision of
the replacement dwelling units;
6. The basis for concluding that each replacement dwelling unit
will remain a low/moderate-income dwelling unit for at least
10 years from the date of initial occupancy;
7. Information demonstrating that any proposed replacement of
dwelling units with smaller dwelling units (e.g., a 2 -bedroom
unit with two 1 -bedroom units) is consistent with the housing
needs of lower-income households in the City of Yakima.
The Office of Housing and Neighborhood Conservation (575-6101) is
responsible for tracking the replacement of housing and ensuring
that it is provided within the required period. Is also responsible
for ensuring requirements are met for notification and provision of
relocation assistance, as described in 570.606(c)(2), to any lower-
income person displaced by the demolition of any dwelling unit or
the conversion of a low/moderate-income dwelling unit to another
use in connection with an assisted activity.
Consistent with the goals and objectives of activities assisted
under the Act, the City of Yakima, Office of Housing and
Neighborhood Conservation will take the following steps to
minimize the displacement of persons from their homes:
1. Coordinate code enforcement with rehabilitation and housing
assistance programs.
2. Evaluate housing codes and rehabilitation standards in
reinvestment areas to prevent their placing undue financial
burden on long-established owners or tenants of multi -family
buildings.
3. Stage rehabilitation standards in reinvestment areas to
prevent their placing undue financial burden on long
-established owners or tenants of multi -family buildings.
4. Adopt public policies to identify and mitigate displacement
resulting from intensive public investment in neighborhoods.
5. Establish counseling centers to provide homeowners and
renters with information on the assistance available to help
them remain in their neighborhoods in the face of
revitalization pressures.
6. Work closely with other social service agencies in order to
refer clientele to appropriate agency for assistance.
APPENDIX I
DEFINITIONS
AGENCY - The federal agency, state or city which acquires real property,
displaces a person, or implements the program.
AVERAGE ANNUAL NET EARNINGS OF A BUSINESS - The average annual net
earnings of a business are one-half of its net earnings before federal,
state, and local income taxes during the 2 taxable years immediately prior
to the taxable year in which it was displaced. Net earnings include any
compensation obtained from the business by its owner, the owner's
spouse, and dependents.
COMPARABLE REPLACEMENT DWELLING - A comparable replacement
dwelling shall be comprised of the following elements:
1. Decent, safe and sanitary facilities.
2. Functionally similar with particular attention to the number of
rooms and living space.
3. Not subject to adverse environmental conditions, or in a less
desireable location.
4. Similar in respect to public utilities, commercial and public
facilities and is reasonably accessible to the persons place of
employment.
5. On a site that is typical in size for residential development with
normal site ;improvements including customary landscaping.
6. Available on the private market.
CONTRIBUTE MATERIALLY - The term "contribute materially" means that
during the two (2) taxable years prior to the taxable year in which
displacement occurs a business had average annual gross receipts of at
least $5000.00; or had average annual net earnings of at least $1000.00;
or contributed at least 33 1/3 percent of the owner's or operator's
average annual gross income from all sources.
1
DECENT. SAFE AND SANITARY DEWELLING - A dwelling that meets
applicable housing and occupancy codes and shall be:
1. Be structurally sound, weathertight and in good repair.
2. Contains a safe electrical wiring system adequate for lighting and
other electrical devices.
3. Contains a heating system capable of sustaining a healthful
temperature (approximately 70 degrees).
4. Be adequate in size and have a well lighted and ventilated bathroom
with sink, bathtub or shower and water closet in working order.
5. Contains unobstructed egress to safe and open space at ground level.
6. Be free of any barriers for handicapped displaced persons.
DISPLACED PERSON - Any person who moves involuntarily from their real
property because:
1. An agency took action that would cause the acquisition of their
property or implemented a program causing the person to move.
NON DISPLACED PERSON - Any properly informed person who:
1. Moved prior to the start of a federal project.
2. Moved into the property after the project started.
3. Who is not required to relocate permanently.
4. Who voluntarily sells his property.
5. Who has the right of use after acquisition.
DWELLING - The place of permanent or customary and usual residence of a
person.
FEDERAL FINANCIAL ASSISTANCE - Any federal grant, loans or contribution
2
to the displaced person.
INELIGIBLE MOVING EXPENSES - RESIDENTIAL MOVES
A. Displaced person is not entitled to payment for:
a. The cost of moving any structure; or
b. Interest on a loan to cover moving expenses; or
c. Person injury; or
d. Any legal fee or other cost for preparing a claim for a relocation
payment; or
e. Expenses for searching for a replacement dwelling; or
f. Costs for storage of personal property on real property already
owned or leased by the displaced person.
INELIGIBLE MOVING AND REESTABLISHMENT EXPENDITURES NOT CONSIDERED
TO BE REASONABLE. NECESSARY. OR OTHERWISE ELIGIBLE - NON
RESIDENTIAL MOVES:
A. A displaced person is not entitled to payment for :
a. Cost of moving any structure or real property improvement where
displaced person reserved ownership; or
b. Interest on a loan to cover moving expenses; or
c. Loss of goodwill; or
d. Loss of profits; or
e. Loss of trained employees; or
f. Any additional operating expenses incurred because of operating
in a, new location; or
3
g. Personal injury; or
h. Any legal fee or other cost for preparing a claim for relocation
payment or for representing claimant before OHNC; or
i. Expenses for searching for replacement dwelling; or
j.
Physical changes to real property at replacement location; or
k. Costs for storage of personal property or real property already
owned or leased by displaced person; or
I. Purchase of capital assets, such as, office furniture, filing
cabinets, or trade fixtures; or
m. Purchase of manufacturing material, production supplies, product
inventory, or the items used in the normal course of business
operation; or
n. Interior or exterior refurbishments which are for aesthetic
purposes; or
o. Interest on money borrowed to make the move or purhcase the
replacement property; or
p. Payment to a part-time business in the home which does not
contribute materially to the household income.
OHNC - Office of Housing and Neighborhood Conservation.
OWNER OF DISPLACEMENT DWELLING - An owner of a displaced dwelling
can be one of the following:
1. Fee simple title holder or a 99 year lease holder; or
2. Interest in the property which includes the right to occupy; or
3. Contract to purchase any interest; or
4. Partial interest that shows consideration as ownership.
4
PERSON - The term "person" means any individual, family, partnership,
cooperation, or association.
SMALL BUSINESS - A business having at least one, but not more than 500
employees working at the site being acquired.
TENANT - A person who has temporary use and occupancy for the real
property owned by another.
UNIFORM ACT - The term "Uniform Act" means the Uniform Relocation
Assistance and Real Property Acquisitions Policies Act of 1970 (84 Stat.
1894;42 U.S.C. 4601 et seq.; Pub. L. 91-646) and amendments thereto.
UTILITY COSTS - The term "utility costs" means expenses for heat, lights,
water and sewer.
5
CITY OF YAKIMA, WASHINGTON
OFFICE OF HOUSING AND NEIGHBORHOOD CONSERVATION
PROGRAM APPEAL POLICY
MAY, 1990
Any decisions, disqualifications or request of waivers for any housing
applicants for the housing programs implemented through the Office of
Housing and Neighborhood Conservation can be appealed by following the
chain of command procedures. They are as follows:
1. The applicant may request an appointment with the Block Grant
Manager for review of the concern.
a. The Block Grant Manager may agree to assist the applicant in
remedying the problem if it does not constitute a violation in
contrast with the intent set by City Council or Housing Policy.
b. The Block Grant Manager will explain that the decision will
stand and convey to the applicant that they must put their
concern or complaint in writing and forward it to the Director
of Community and Economic Development.
2. The Director of Community and Economic Development will meet
with the applicant and review the concern or complaint.
a. The Director of Community and Economic Development may
agree with the applicant if it is not in direct
violation with the intent set by City Council or Housing Policy.
b. The Director of Community and Economic Development will
explain that the decision will stand and explain to the
applicant that they must meet with the City Manager.
3. The City Manager will meet with the applicant and review the
concern or complaint.
a. The City Manager may agree with the applicant if it is not in
direct violation of the intent set by City Council or existing
Housing Policy.
b. The City Manager will explain that the decision will stand and
explain that they must appeal this decision to City Council for
either a change of policy or request for waiver for exception to
policy.
4. The City Council will request a report from the Housing Division and
will review the applicant's request.
a. The City Council may issue a waiver of exception to policy or
change the intent of the policy.
b. The City Council may refuse the request for exception or
change.
The final decision of City Council exhausts all channels of change of
decision or appeal for the applicant.
City of Yakima, Washington
Office of (lousing and Neighborhood Conservation
112 South 8th Street
Yakima, Washington 98901
(509) 575-6101
TEMPORARY RELOCATION REIMBURSEMENT CHARGES
Application Number: Date:
Applicant's Name: Phone Number:
Address: Family Size:
Temporary Address
of Rental ll of Bedrooms:
30 Day 60 Day 90 Day
Amount Amount Amount
Monthly Rental Rate
Deposit on Unit
Moving:
Vehicle Rental
Mileage @ .22
Storage
Labor
insurance
Other:
Total. Amount of Reimbursement
This information is the truth to the best of my knowledge, and I understand
any false or misrepresented statement could result in a penalty or fine
under federal law.
Signature for receipt of 30 day reimbursement:
Signature for receipt of 60 day reimbursement
Signature for receipt of 90 day reimbursement
EXHIBIT W
City of Yakima, Washington
Office of Housing and Neighborhood Conservation
August 19, 1987
PROGRAM APPEAL POLICY
Any decisions, disqualifications or request of waivers for any housing applicants for
the housing programs implemented through the Office of Housing and Neighborhood
Conservation can be appealed by following the chain of command procedures. They are
as follows:
1. The applicant may request an appointment with the Block Grant Manager for review
of the concern.
a. The Block Grant Manager may agree to assist the applicant in remedying
the problem if it does not constitute a violation of policy intent set
by City Council, or
b. The Block Grant Manager will explain that the decision will stand and
explain to the applicant that they must put their concern or complaint
in writing and forward it to the Director of Community and Economic
Development.
2. The Director of Community and Economic Development will meet with the applicant
and review the concern or complaint.
a. The Director of Community and Economic Development may agree with the
applicant if it is not in direct violation with the intent set by City
Council or Housing Division's policy, or
b. The Director of Community and Economic Development will explain that the
decision will stand and explain to the applicant that they must meet
with the City Manager.
3. The City Manager will meet with the applicant and review the concern or
complaint.
a. The City Manager may agree with the applicant if it is not in direct
violation of the intent set by City Council or existing Housing policy,
or
b. The City Manager will explain that the decision will stand and explain
that they must appeal this decision to City Council for either a change
of policy or request for waiver for exception to policy.
4. The City Council will request a report from the Housing Division and will review
the applicant's request.
a. The City Council may issue a waiver of exception to policy or change the
intent of the policy, or
b. The City council may refuse the request for exception or change.
The final decision of City Council exhaust all channels of change of decision or
appeal for the applicant.