§ 11.09.090. Rehabilitation of property.  


Latest version.
  • (a) Upon approval of a rehabilitation loan by the board, the borrower shall contract for rehabilitation of the property directly with (a) licensed contractor(s). The contract must be reviewed and approved by the division prior to its execution.

    (b)

    Upon receipt of invoices from the contractor(s), the borrower shall furnish such invoices to the division, and the division shall make disbursements from the rehabilitation loan proceeds to pay the contractor(s). The division may inspect the property to determine if the invoices are justified by the work completed on the property and may refuse to render payment where work is substandard or does not meet contract specifications.

    (c)

    All rehabilitation work shall comply with applicable local and federal regulations pertaining to building, zoning, traffic, drainage, floodplains and fire limits.

    (d)

    The division shall provide such technical assistance to borrowers as may be reasonably requested in determining the work necessary to bring the property up to standards, assisting the borrower in their selection of a contractor to perform the work, insuring that the work is completed satisfactorily and any other related assistance as may be required to complete the process.

    (e)

    If the property is fifty years old or older the State Historic Preservation Office must provide clearance prior to the division issuing any funds for rehabilitation or allowing the commencement of any rehabilitation work.

    (f)

    The division shall determine any lead-based paint mitigation measures which are necessary due to state or federal law and shall disburse loan proceeds to provide for lead-based paint mitigation prior to authorizing the commencement of rehabilitation work or disbursing any loan proceeds for rehabilitation.

(Ord. 2262 § 1 (part), 1999)