Packet - Oskaloosa

Transcription

Packet - Oskaloosa

City of Oskaloosa Oskaloosa Housing Trust Fund Committee
Lower Level Conference Room
City Hall, 220 S. Market Street
Oskaloosa, IA 52577
Agenda
November 5, 2015
1. Call to Order/Roll Call - 12:00 P.M.
Roll Call: ______ Chair Kandes Dalbey, ______Adams, ______ Caligiuri, ______ Davis, ______ Dykstra, ______ Hahn, ______ McCullough, ______ McReynolds, ______
Polkowske, ______ Stahle, ______ Vande Ree.
Documents:
20151105 CALL TO ORDER AND ROLL CALL.DOCX
2. Approval of Claims
Documents: 20151105 CLAIMS.DOCX, HOUSING CLAIM LIST SEPTEMBER
2015.PDF, HOUSING CLAIM LIST OCTOBER 2015.PDF
3. Review of Accounting Reports.
Documents: 20151105 ACCOUNTING REPORTS.DOCX, ACCOUNTING REPORTHOUSING DEPT AUGUST 2015.PDF, ACCOUNTING REPORT-HOUSING DEPT
SEPTEMBER 2015.PDF, OHTF ACTIVITY SEPTEMBER 2015.PDF, OHTF ACTIVITY
OCTOBER 2015.PDF
4. Approval of Minutes, subject to corrections.
September 16, 2015 Housing Trust Fund Committee Minutes
Documents: 20151105 APPROVAL OF MINUTES.DOCX, 20150916 OHTF
MINUTES.DOCX
5. Citizens to be Heard
This item is reserved to receive comments from the community for concerns whether or
not they are included in the current agenda.
Documents:
20151105 CITIZENS TO BE HEARD.DOCX
6. Consider a demolition grant request for a house located at 415 3rd
Avenue West.
Documents: OHTF COMM.PDF, 415 3RD AVE W APPLICATION.PDF, LOCATION
MAP.PDF, EXISTING PICTURE.PDF
7. Consider a demolition grant request for a house located at 706 South
D Street.
Documents: OHTF COMM.PDF, 415 3RD AVE W APPLICATION.PDF, LOCATION
MAP.PDF, EXISTING PICTURE.PDF
7. Consider a demolition grant request for a house located at 706 South
D Street.
Documents: OHTF COMM.PDF, OHTF APPLICATION.PDF, EXISTING
PICTURES.PDF, LOCATION MAP.PDF
8. Consider a demolition grant request for a house located at 517 B
Avenue West.
Documents: OHTF COMM.PDF, OHTF APPLICATION.PDF, EXISTING
PICTURES.PDF, LOCATION MAP.PDF
9. Consider approval of payment of release fees for outstanding FHLB
forgivable loans.
Documents:
AGENDA ITEM-FHLB RELEASES.DOCX, OPEN FHLB LOANS 2015.PDF
10. Consider a motion to amend the First Time Homebuyers and
Demolition program plans to change the language regarding
processing fees and approve an increase in the processing fee from
$75.00 to $100.00.
Documents: AGENDA ITEM-FEE CHANGES.DOCX, FIRST TIME HOMEBUYERS
PLAN REVISION 01012016.DOCX, DEMOLITION I PLAN REVISION 01012016.DOCX,
DEMOLITION II PLAN REVISION 01012016.DOCX
11. Discussion of demolition loan for 714 North C Street.
Documents:
ST.PDF
AGENDA ITEM-DEMO LOAN 714 NORTH C ST.DOCX, 718 NORTH C
12. Miscellaneous
Documents:
20151105 MISCELLANEOUS.DOCX
13. Adjournment
If you require special accommodations, please contact the City Manager's Office at least
24 hours prior to the meeting at (641) 673-9431.
OHTF Communication
Meeting Date: November 5, 2015
Requested By: OHTF Committee
Item Title: Call to Order and Roll Call – 12:00 p.m.
Roll Call: ______ Chair Kandes Dalbey, ______ Adams, ______ Caligiuri, ______ Davis,
______ Dykstra, ______ Hahn, ______ McCullough, ______ McReynolds, ______
Polkowske, ______ Stahle, ______ Vande Ree.
Explanation:
Not applicable.
Budget Consideration:
Not applicable.
Attachments:
None.
OHTF Communication
Requested By: City Clerk
Item Title:
Approval of payment of claims for September 2015 and October 2015.
Explanation:
Lists of claims for September and October are included in your agenda packet. Staff
recommends approval.
Totals appear on the claims lists.
Attachments:
Claims lists.
City of Oskaloosa
Claims Register
Sep-15
September postage
September copies
GRAND TOTALS
0.97
13.52
14.49
FUND TOTALS
Fund 140 - Housing Funds
14.49
***
14.49
Signature
Date
Signature
Date
City of Oskaloosa
Claims Register
Oct-15
Mahaska County Recorder
October copies
3rd quarter recording fees
GRAND TOTALS
118.00
2.73
120.73
FUND TOTALS
Fund 140 - Housing Funds
120.73
***
120.73
Signature
Date
Signature
Date
OHTF Communication
Item Title:
Review of accounting reports for August 2015 and September 2015.
Explanation:
Accounting reports for August and September are included in your agenda packet for
review.
Not applicable.
Attachments:
Accounting reports
Activity reports
OSKALOOSA HOUSING TRUST FUND
August 31, 2015
Fund
Balance
HOUSING FUND
Beginning Balance
Revenue:
140503044300
140503014531
140503014570
140503024711
140503024713
140503044830142
Expenses:
14050306405
14050306413
14050306414
14050306419
14050306490
14050306495
14050306497
14050306498
14050306508
14050306511
14050306910001
YTD
Interest
Late Fees
Processing Fees
Loan Repayments
Loan Repayments (unrestricted)
Transfer In
Total Revenue
$71.06
$15.00
$253.00
$4,753.73
$1,082.58
$0.00
$6,175.37
Recording Fee Expense
Payments to Other Agencies
Printing and Publishing Expense
Technology Expense
Other Professional Services
Housing Loans/Assistance
Demo Loan
Refunds & Reimbursements
Postage
Copying
Transfer Out
Total Expenses
$140.00
$0.00
$0.00
$0.00
$8.00
$2,625.00
$16,000.00
$0.00
$2.43
$13.29
$0.00
$18,788.72
$214,909.41
Ending Balance
$202,296.06
**Loan Repayments (unrestricted) 6/30/11 balance
Total
$48,464.44
$42,687.69
$31,239.18
$15,727.19
$12,156.67
$150,275.17
HOUSING DONATED FUNDS
Fund
Program To Date
Balance
Revenue:
138503024705
Contributions 2007-08
Total Revenue
Expenses:
13850306413
13850306495
13850306497
13850306910145
Ending Balance
$84,125
$68,350
$68,350
$
$
$
$
84,125.00
68,700.00
68,250.00
221,075.00
First Time Home Buyer 2008
$64,125
$48,350
Demo Loan 2008
$20,000
Demo Loan 2009
$20,000
Transfer Out (2010 IFA Grant Match)
Total Expenses
$
$
$
$
$
$
$
$
1,000.00
40,732.00
48,100.00
36,502.26
20,000.00
20,000.00
20,000.00
186,334.26
$
34,740.74
OSKALOOSA HOUSING TRUST FUND
September 30, 2015
Fund
Balance
HOUSING FUND
Beginning Balance
Revenue:
140503044300
140503014531
140503014570
140503024711
140503024713
140503044830142
Expenses:
14050306405
14050306413
14050306414
14050306419
14050306490
14050306495
14050306497
14050306498
14050306508
14050306511
14050306910001
YTD
Interest
Late Fees
Processing Fees
Loan Repayments
Loan Repayments (unrestricted)
Transfer In
Total Revenue
$104.27
$30.00
$424.00
$8,883.43
$2,331.09
$0.00
$11,772.79
Recording Fee Expense
Printing and Publishing Expense
Technology Expense
Other Professional Services
Demo Loan
Refunds & Reimbursements
Postage
Copying
Transfer Out
Total Expenses
$140.00
$0.00
$0.00
$0.00
$8.00
$2,625.00
$16,000.00
$0.00
$3.40
$26.81
$0.00
$18,803.21
$214,909.41
Ending Balance
$207,878.99
Total
$48,464.44
$42,687.69
$31,239.18
$15,727.19
$12,156.67
$150,275.17
HOUSING DONATED FUNDS
Fund
Program To Date
Balance
Revenue:
138503024705
Total Revenue
Expenses:
13850306413
13850306495
13850306497
13850306910145
Ending Balance
$84,125
$68,350
$68,350
$
$
$
$
84,125.00
68,700.00
68,250.00
221,075.00
$64,125
$48,350
Demo Loan 2008
$20,000
Demo Loan 2009
$20,000
Transfer Out (2010 IFA Grant Match)
Total Expenses
$
$
$
$
$
$
$
$
1,000.00
40,732.00
48,100.00
36,502.26
20,000.00
20,000.00
20,000.00
186,334.26
$
34,740.74
Oskaloosa Housing Trust-Monthly Activity
1st time Homebuyer payments for September 1, 2015
Restricted
$ 2,051.30
Non-restricted
$
518.67
1st Time Homebuyer Loan issued
Name
K Olson
Amount
$ 2,625.00
Sep-15
$ 2,569.97
Payments start
10/1/2015
1st Time Homebuyer Loans final payments this month
Name
E McDanel
Date completed
9/1/2015
1st Time Homebuyer Loans final payments next month
Name
K Gibbons
Date completed
10/1/2015
1st Time Homebuyer Loans paid in full
Name
Date paid
N Sanchez
9/10/2015
N Veldhuizen
9/22/2015
Payment
$
707.76
$ 1,765.25
Demolition Loan approved
Name
B Booy
Date approved
9/16/2015
Address of demolition
416 2nd Ave W
(Changed to 302 South D St)
NSF/Closed Accounts on payments
Name
I Miller
Amount
$
17.30
Follow-up
Rcvd notice for Account Closed
9-4-2015; Sent 1st letter
9-29-2015 Paid account + service fee
Oskaloosa Housing Trust-Monthly Activity
1st time Homebuyer payments for October 1, 2015
Restricted
$ 2,011.24
Non-restricted
$
512.52
1st Time Homebuyer Loans final payments this month
Name
K Gibbons
Oct-15
$ 2,523.76
Date completed
10/1/2015
OHTF Communication
Requested By: City Staff
Item Title:
Approval of minutes subject to corrections.
Explanation:
The minutes of the September 16, 2015 meeting are included in your agenda packet for
review and approval.
Not applicable.
Attachments:
September 16, 2015 Housing Trust Fund Committee Minutes
OSKALOOSA HOUSING TRUST FUND COMMITTEE MINUTES
Wednesday, September 16, 2015 - 12:00 Noon
City Hall Conference Room
The committee meeting was called to order by Chair Dalbey at 12:00 p.m. with the following
members present: Dan Adams, Joe Caligiuri, Kandes Dalbey, Randell Davis, Valinn McReynolds
Noel C. Stahle (at 12:05 p.m.), and Carri Vande Ree. Members absent: Kathie Dykstra, Bernice
Hahn, Dave Polkowske and Leon McCullough. Also present: Amy Miller, City Clerk; Michael
Schrock, City Manager; Dylan Mulfinger, Management Analyst; and Marilyn Johannes.
It was moved by Caligiuri, seconded by Adams to approve the July 2, 2015 Housing Trust Fund
Committee Minutes and the August 3, 2015 Housing Trust Fund Committee Special Meeting
Minutes. Motion carried unanimously.
Dylan Mulfinger, Management Analyst, distributed Housing Trust Fund Committee orientation
packets to the committee. Mulfinger explained the packets were created to serve as an
orientation document for new committee members on city boards and commissions.
Mulfinger told the committee to feel free to make recommendations to change or enhance the
packet for the Housing Trust Fund Committee.
The committee discussed the request for a demolition grant from Brian Booy for demolition of
a house located at 416 2nd Avenue West.
(Stahle arrived at 12:05 p.m.)
It was moved by Adams, seconded by Vande Ree to approve demolition grant funds up to
$4,000 for demolition of the structure located at 416 2nd Avenue West. Motion carried
unanimously.
The committee discussed the changes made to the Demolition Program Plans. Miller stated
City Council has to approve changes to the demolition programs and since the committee did
not meet on September 3 due to lack of a quorum, if the changes are approved as presented by
the Housing Trust Fund Committee, they will be presented to the City Council at the October 5,
2015 city council meeting and become effective October 15, 2015.
It was moved by Caligiuri, seconded by Davis to approve the Demolition Program Plan changes.
Motion carried unanimously.
The committee reviewed and discussed the city manager’s 2015 Housing Action Plan with City
Manager Michael Schrock. Schrock gave an overview of the plan and implementation of the
program. Schrock said essentially it is what he would like to see done in the community
regarding housing and explained that he worked with Main Street Oskaloosa and the Mahaska
Community Development Group to develop the plan. Schrock said he hopes the group will get
excited about the plan, embrace it and support if financially. Schrock indicated that he would
like to receive funding to update the housing needs assessment. Schrock said he would be
requesting $50,000-$75,000 at a future meeting.
Miller gave an overview of the 2015 Annual Financial Report included in the OHTF agenda and
discussed the report with the committee. The committee discussed the reason for the
decrease in the use of the First Time Homebuyer Program. Miller offered to contact other
entities to see if they are experiencing the same trend. It was noted the program has had a
reduction in usage in the past but it has rebounded. Miller told the committee the report will
be put on the city website.
Vande Ree mentioned that she has had several conversations with clients regarding the
Ironwood housing project. The committee discussed the Ironwood housing project with City
Manager Schrock. Schrock indicated the project was still under construction so units have not
been rented out yet. Schrock provided the committee with project sheets for the Ironwood
housing project so the committee had accurate information if they receive future inquiries.
The committee briefly discussed the possibility of contributing funding for the renovation of
the building located at 212 North Market Street with city staff. McReynolds indicated the
owner of the property does not want to take the matter to the committee at this time. Dalbey
tabled the item until such time that further discussion or action is needed. Schrock
recommended the committee verify the party asking for assistance qualifies for grant program
assistance before providing financial support.
Miller reported on the claims lists. It was moved by Caligiuri, seconded by Adams to approve
the July and August claims lists for payment. Motion carried unanimously.
Miller reviewed the accounting report with the committee.
The meeting adjourned at 1:00 p.m.
Minutes by Marilyn Johannes
OHTF Communication
Requested By: OHTF Committee
Item Title: CITIZENS TO BE HEARD
Explanation:
This item is reserved to receive comments from the community for concerns whether
or not they are included in the current agenda.
Not applicable.
Attachments:
None.
OHTF Communication
Item Title:
Consider a demolition grant request for a house located at 415 3rd Avenue West.
Explanation:
Mr. Brian Booy has applied for funds under the Demolition Assistance Grant/Loan Program I for
a property located at 415 3rd Avenue West. The assessed value of the house is $40,670 and land
is assessed at $9,180. According to the Mahaska County website, the current house is in normal
condition. Mr. Booy is proposing to replace the house with a 1,388 square foot single family
residential dwelling. The residential dwelling will have 3 bedrooms and 2 bathrooms. The value
of the residential dwelling is estimated at $206,000.
$75.00 Application Fee and $7.00 Recording Fee
Expenditure up to $4,000
Attachments:
Demolition application, Warranty Deed, Floor plan of replacement house, Mahaska County
website and Pictures of existing structure
OHTF Communication
Item Title:
Consider a demolition grant request for a house located at 706 South D Street.
Explanation:
Mr. Brian Booy has applied for funds under the Demolition Assistance Grant/Loan Program I for
a property located at 706 South D Street. The assessed value of the house is $19,410 and land is
assessed at $8,100. According to the Mahaska County website, the current house is in poor
condition. Mr. Booy is proposing to replace the house with a 2,600 square foot duplex. The
duplex will have 2 bedrooms and 1 bathroom on each side. The value of the duplex is estimated
at $180,000. Mr. Booy is in the process of acquiring the house north of 706 South D Street,
which will allow him to build a duplex and combine the lots.
Attachments:
website and Pictures of existing structure
Existing Pictures 706 South D Street
OHTF Communication
Item Title:
Consider a demolition grant request for a house located at 517 B Avenue West.
Explanation:
Terry Anderson has applied for funds under the Demolition Assistance Grant/Loan Program for
a property located at 517 B Avenue West. Wyatt Russell, Building Official declared the property
unsafe or dangerous. The assessed value of the house is $52,520 and land is assessed at
$16,370. Mr. Anderson is proposing to replace the house with a 3,507 square foot duplex. The
duplex will have 3 bedrooms and 2 bathrooms. The value of the duplex is estimated at $450
,000.
Attachments:
website, Letter from Building Official and Pictures of existing structure
517 B Avenue West Existing Pictures
OHTF Communication
Requested By: City Clerk/Finance
Item Title:
Consider approval of payment of release fees for outstanding FHLB forgivable loans.
Explanation:
FHLB Rehabilitation Forgivable (FHLB Rehab) loans were issued from August 2001
through December 2008; these loans provided up to $5,000 to assist with repairs to
make homes safer or more energy efficient. Loans were forgiven after the homeowner
had lived in the property for five years.
In 2012, eighty-six letters requesting payment of the lien release fee were sent out to
property owners who had FHLB forgivable loans that met all requirements of the loan.
There currently are only fourteen outstanding FHLB forgivable loans remaining. The
date of available release for these loans range from September 2006 through
December 2013. Letters requesting the release fee were sent again April 2015. No
response to the letters has been received from any of the outstanding loans.
Staff is requesting $98.00 (14 liens x $7 per release) to pay the Mahaska County
Recorder’s office to release these completed loans. Due to the nature of the loan, most
property owners forget about the loan until they go to sell or transfer the property.
This usually makes an emergency situation that needs to be resolved before the sale of
the property, causing stress for the property owner and real estate agents, as well as
office staff. Release of these liens will also allow staff to consolidate files and move
them to electronic storage.
$98.00 expended from Fund 140 – Housing Trust fee for release fees
Attachments:
List of FHLB loans ready for release
FHLB complete and ready to release
FHLB complete with no additional loans due
Applicant
Date of Payment
Wheeler, David/Joyce
8/6/2002
Moore, Joyce
3/10/2004
Fisher, Ada (Farmer)
10/15/2004
Davis, John
2/13/2005
Almond, Tony
10/12/2005
Lathcam, Teresa/Moore, Laurence
9/18/2006
Waggoner, Jared/Olson, Kanya
6/19/2007
Jansen, Andra
11/20/2007
Thompson, TY/Katrina
12/27/2007
$
$
$
$
$
$
$
$
$
Amount
5,000.00
5,000.00
4,873.68
5,000.00
5,000.00
5,000.00
4,915.00
5,000.00
5,000.00
Release Available
9/1/2007
4/1/2009
11/1/2009
3/1/2010
11/1/2010
10/1/2011
7/1/2012
12/1/2012
1/1/2013
Release fee due?
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Additional Loans?
No
No
No
No
No
No
No
No
No
Income offset properties
Applicant
DeWeese, Kimberly
Moore, Cynthia
Date of Payment
8/25/2003
8/15/2001
Amount
$ 4,694.70
$ 4,996.54
Release Available
9/1/2008
9/1/2006
Release fee due?
Yes
Yes
Additional Loans?
1st time HB-income offset
1st time HB-income offset
FHLB complete with additional loans due
Applicant
Stream, Shelley
Thomas, Sherry
Watts, Nathan
Date of Payment
12/19/2006
11/15/2006
7/22/2005
Amount
$ 5,000.00
$ 5,000.00
$ 5,000.00
Release Available
1/1/2012
12/1/2011
8/1/2010
Release fee due?
Yes
Yes
Yes
Additional Loans?
1st Time HB/IFA
IFA
IFA
OHTF Communication
Item Title:
Consider a motion to amend the First Time Homebuyers and Demolition program plans
to change the language regarding processing fees and approve an increase in the
processing fee from $75.00 to $100.00.
Explanation:
Staff is requesting changes to the First Time Homebuyers and Demolition program plans
processing fee associated with the loans/grants. Currently the processing fee for all
plans is $75.00 and property owners are also responsible for paying for any recording or
release fees associated with the loan/grant. These fees are paid to the city, and the city
pays the Mahaska County Recorder’s office for any recording completed.
The change in the language for the First Time Homebuyer plan will say:
“Participants shall be required to pay a loan-processing fee as approved by Resolution by the
Oskaloosa City Council on the fee schedule.”
The change in the language for the Demolition I and II plans will say:
“Grant recipients shall be required to pay a processing fee as approved by Resolution by the
Oskaloosa City Council on the fee schedule.”
Staff is proposing to change the processing fee for all plans to $100.00 and drop the
collection of recording and release fees associated with these loans. The fee will be
approved by Resolution by the Oskaloosa City Council each year as part of the city’s fee
schedule. Future changes in the processing fee will require approval by the OHTF prior
to presentation to the city council.
If approved by the Oskaloosa Housing Trust Fund, changes to the program plans require
city council approval and will be presented at the December 7, 2015 meeting. The
proposed changes will be effective January 1, 2016.
The increase of $25.00 for the processing fee will be used to cover the expense of the
recording and release fees, approximately $14.00 per loan (subject to change by the
Mahaska County Recorder’s office). The processing fee was last amended from $50.00
to $75.00 November 2006.
Attachments:
Revised First Time Homebuyers Program Plan, Revised Demolition I Program Plan,
Revised Demolition II Program Plan
CITY OF OSKALOOSA HOUSING TRUST FUND
FIRST-TIME HOME BUYER LOAN FUND PLAN
A. GENERAL PURPOSE OF THE FUND
The Oskaloosa Housing Trust Fund (OHTF) will utilize its City of Oskaloosa First-time Home Buyer Loan Fund
in an effort to promote home ownership within the City of Oskaloosa. To accomplish this goal of increasing
home ownership, the OHTF shall continue the successful down payment and closing cost assistance program.
The down payment assistance shall be in the form of no interest loans.
B. ELIGIBLE ACTIVITIES
Eligible cost included within approved loans shall consist only of the following:
1. Down payment on the purchase of the home
2. Payment of closing costs on first mortgage loan
C. ELIGIBLE PROPERTY
An eligible property shall be any single-family residence located within the corporate limits of the City of
Oskaloosa, Iowa. Homes purchased can be either newly constructed or existing housing (including
manufactured and modular housing, although purchase of manufactured housing constructed prior to 1974
will not be permitted).
D. ELIGIBLE PARTICIPANT
An eligible participant shall be an applicant who:
1. Has not had interest in a residential property (ownership of a property for the purpose of
(re)development shall not be considered ownership of a residential property) in one of the following
ways within the past three years prior to making application:
a. Fee title ownership;
b. Fee title ownership subject to mortgage; or
c. A party to a contract for purchase of residential real estate.
d. A party to a divorce proceeding who utilized these funds will be eligible if the previously owned property
was sold or deeded to the spouse in the settlement agreement.
And;
2. Has a total household income not exceeding USDA Rural Development Guaranteed Housing Program
Income Limits as defined annually by the United States Department of Agriculture. (see Exhibit 1 for
current maximum household incomes for Mahaska County residents). IFA grant funds awarded to
capitalize the loan fund require lower maximum incomes than previously stated. Applications that do not
qualify under the lower income guidelines shall be funded from recaptured loan repayments.
And;
3. Is in good standing with the City of Oskaloosa Housing Trust Fund by not having any outstanding
balance(s) from previous OHTF program use whether or not the debt was due to foreclosure or any other
action.
E. TYPE AND AMOUNT OF ASSISTANCE
1. Funds shall be distributed in the form of non-transferable, no-interest (0%) loans. Term of the loan shall
be the lesser of:
a. Ten years
b. The loan amortization period of the first mortgage loan
2. Loans will not be made for more than 5% of the purchase price of the home. An approved loan shall
not exceed the lesser of:
a. The amount of funds on hand in the revolving loan fund; or
b. $3,500.
3. One dollar of match from the applicant is required for every dollar of loan. Match may be from any legal
source but can not be in the form of a loan secured against the property to be acquired unless the lender is
willing to take a third position behind the City's loan and the first mortgage loan. Match dollars may be
included in the first mortgage loan. Borrowers qualifying for other down payment assistance programs are
expected to utilize those programs and resort to this program as a last resort. Loans shall be secured
against the property to be purchased and will carry a lien position in relation to the dollar amount of the
other lender's loan(s) involved in the purchase of the home (see Exhibit 4 for sample mortgage).
4. Participants shall be required to pay all recording fees associated with the loan. Participants shall also
Revision January 1, 2016
Revised 7/2012
be required to pay a loan-processing fee of $75.00as approved by the Oskaloosa City Council on the
fee schedule. . All fees shall be due and payable at loan closing.
F. CAPITALIZATION AND OPERATION OF THE LOAN FUND
The first time home buyer loan fund has been capitalized through the Iowa Finance Authority’s State
Housing Fund Grant, fundraising dollars and recaptured loan repayments.
G. HOME BUYER EDUCATION
Attendance and participation in a qualified first-time home buyer education course will be required prior to
loan closing for all borrowers that fit the definition of a first-time buyer as defined in paragraph D.1., above.
Applicants can participate in qualified homebuyer education courses that may be available through
Oskaloosa area lenders or other sources offering this education as approved by the OHTF staff.
H. LOAN APPLICATION PROCESS
Applications will be provided to the OHTF on the application form provided to lenders (Exhibit 2). A copy of
the participating borrower's first mortgage loan application form will be provided to the OHTF as
documentation of applicant eligibility. The OHTF reserves the right to inspect and copy documentation of
application information that may be included in the first mortgage loan application file. The application will be
evaluated by the City of Oskaloosa Housing Department to verify eligibility. Information obtained through the
application will be kept confidential, will not be available for public review, and is used to determine the
eligibility for the loan program. The Department Head, OHTF Chair, OHTF Vice-Chair and City Manager shall
be authorized to approve all eligible applicants. Upon approval of the application by two of the four persons
authorized to approve applicants, the Department Head and Program Manager (the OHTF Chair, Vice-Chair
or City Manager may approve payment in the absence of either the Department Head or Program Manager)
shall be authorized to approve payment for the OHTF for all eligible applicants.
I. PARTICIPATING LENDERS
A participating lender will be required to enter into a participation agreement (see Exhibit 3) with the City
of Oskaloosa and pay a participation fee of a minimum of $5,000. Lender participation fees will help
capitalize the loan fund. The lender participation fee shall be waived for governmental first mortgage
lenders.
J. LOAN SERVICING
Participants will be required to make their monthly payments through an automatic checking/savings
account withdrawal. If sufficient funds are not in the participants account and payment is not made, a service
charge as adopted in the current City of Oskaloosa Fee Schedule may be assessed to the borrower for
each delinquent payment.
K. MONITORING OF PROGRAM
The OHTF committee would be charged with review of the loan portfolio, program usage,
suggesting program modifications to the City Council and development of other programs to address
other identified housing needs within the community.
L. ADMINISTRATION OF THE FUND
The city staff will administer the loan fund. All payments on loans issued through this fund shall be due and
payable in the amounts and at the time specified within the loan agreement. Idle funds shall be invested, to
the maximum extent possible, in interest bearing accounts. The City of Oskaloosa shall be allowed to utilize
interest from invested funds to help cover incurred costs for administering the program.
M. AMENDMENTS TO AND REVIEW OF THE PLAN
This loan fund plan may be amended from time-to-time as deemed necessary and appropriate upon
recommendation by the OHTF and by a majority vote of the Oskaloosa City Council.
N. OTHER REQUIREMENTS
In addition to the above requirements for participation in the program, the following shall apply:
1. Lenders participating in this program shall assure the City that they shall abide by all Fair Housing
laws, as they may apply.
2. No employee, agent, consultant, officer or appointed official of the City of Oskaloosa shall be eligible to
participate in this program without prior approval of the Oskaloosa Housing Trust Fund Committee.
O. WAIVER OF PROGRAM REQUIREMENTS
Nothing contained within this Loan Fund prevents the OHTF Committee from waiving any adopted program
Revised 7/2012
rules and regulations, provided, however, that the waiver does not violate any applicable laws.
Revised 7/2012
DEMOLITION ASSISTANCE GRANT PROGRAM PLAN I
I.
INTRODUCTION
Removal of the dilapidated structures within the City of Oskaloosa is critical to the long-range development of
the community. The 2000 Census reflected an abundance of low-end housing in Oskaloosa that cause
obvious appearance problems for the community's neighborhoods as well as draining the value of other
properties. The implementation of this program is designed to reduce the cost of redevelopment of existing
lots within the community that provides benefits by decreasing the need to develop new subdivisions and
allows for opportunities to develop affordable housing.
II.
DEFINITIONS
Eligible Structure: A structure may be eligible for this program if it is determined to be dilapidated and is
located in a residentially zoned area of the City of Oskaloosa. All applications for eligible structures will be
evaluated by the OHTF Committee for participation in the program.
Owner: The person/persons that are record titleholders at the Mahaska County Courthouse or other
officially designated representative of the property such as an executor of an estate.
Qualified Improvement: A structure(s) of equal or greater assessed value to the dwelling unit
demolished irrespective of land value.
III.
PROGRAM OVERVIEW
The City of Oskaloosa Housing Trust Fund (OHTF) will provide grants in the lesser amount of:
a) Actual and reasonable costs incurred by the owner of the property; or,
b) Four Thousand Dollars ($4,000) toward the costs of removal and disposal of vacant dilapidated
housing structures within the City of Oskaloosa.
In consideration of the funds granted by the OHTF, the grant recipient shall pledge to rebuild on the property
within two years of dispersal of the grant funds. If the property has not been redeveloped with a qualified
improvement within two years the grant shall be repaid. Granted funds shall be repaid beginning the first of
the month following the second anniversary of the demolition and will include current prime rate interest
accrued over the first two years. The balance shall be amortized over a 12 month period of time at current
prime rate of interest.
IV.
CONFLICT OF INTEREST
No employee, agent, consultant, officer or appointed official of the Oskaloosa Housing Trust Fund shall be
eligible to receive a grant from this program.
V.
DISPOSAL OF DEMOLITION DEBRIS
All debris shall be properly disposed of in compliance with the rules and regulations of the City of
Oskaloosa, including the removal and disposal of hazardous materials such as asbestos.
VI.
GRANT PROCESSING PROCEDURES
A.
Applications (Exhibit 1) must be received and approved by the OHTF prior to demolition work
commencing. Any work started prior to OHTF approval may be deemed ineligible for reimbursement
and may disqualify the owner from participation in the grant program. Applications shall be on the forms
provided by the OHTF and include the following additional information:
1. A minimum of two bids for the demolition.
2. If the applicant is not the owner, (i.e. executor of an estate) proof that the applicant has the
authority to act on behalf of the owner.
3. Copy of the demolition permit for the property (to be provided after Committee grant approval).
B.
The application will be evaluated by the OHTF Committee for approval. Upon approval of the
application, the Department Head and OHTF Chair, Vice-Chair or City Manager shall authorize the
City Clerk to draw funds on the account, as needed.
C. Grant recipients shall be required to pay a $75 processing feea processing fee as approved by the
Oskaloosa City Council on the fee schedule. and will be responsible for payment
of recording fees
related to the grant.
D.
All applications, along with proposed redevelopment projects, shall have the approval of the OHTF
Committee.
E.
After OHTF approval of the application and the owner's execution of the grant documents, (Exhibit
2) the work may begin.
F. These funds are granted to the current owner of the property and shall not be transferable to future
purchasers. If the owner sells the property within the two year development period, the grant shall
be repaid in full including accrued interest.
G.
A demolition permit must be obtained thirty (30) days after the demolition loan is approved. The
demolition of the structure must be completed within ninety (90) days of the demolition loan
approval. A building permit for the new structure must be obtained within ninety (90) days of the
completion of the demolition. The building official may allow exceptions to these deadlines at their
discretion.
H. The owner will be responsible for monitoring the demolition work, although City inspections will occur
as required by the permits issued and to verify completion of the work.
HI Upon completion of the demolition, the owner shall submit copies of all bills associated with the
demolition for processing of payment to the owner. Checks are made payable to the contractor and
the property owner in lieu of a lien waiver.
J.
The OHTF shall be apprised of any improvements made to the property once the demolition
has been completed so that the OHTF can determine compliance with the programs intent and
Issue a Release of Lien.
VII. ELIGIBLE COSTS
Costs eligible for reimbursement to the owner under this program shall be the actual and
reasonable cost of:
A. Demolition permit
B. Disconnecting utilities
C. Removal and proper disposal of hazardous waste
D. Removal and proper disposal of above and below grade structures and trees that may interfere with
redevelopment of the property.
VIII. SELF HELP
It shall be the policy of the OHTF Committee that in situations where an owner wishes to do his/her own
work on a demolition project that the allowable demolition cost shall be defined as those actual and
reasonable costs incurred (e.g. cost of permits and rental of machinery and/or tools for actual and reasonable
time to complete the task they are rented for) are the allowable cost. The OHTF will not reimburse the owner
or owner’s employees for time/wages expended on the project.
DEMOLITION ASSISTANCE GRANT/LOAN PROGRAM PLAN II
I.
INTRODUCTION
Removal of dilapidated structures within the City of Oskaloosa is critical to enhance neighborhoods and
stimulate development in the community. The City of Oskaloosa Housing Trust Fund administers a demolition
program for removal of dilapidated structures in an attempt to improve neighborhoods and increase assessed
valuations by requiring redevelopment within two years. The trust fund is implementing an additional
demolition grant/loan program to encourage green space and/or future redevelopment in exchange for removal
of dilapidated structures.
II.
DEFINITIONS
Eligible Structure: A residential structure may be eligible for this program if it is determined to be dilapidated
and is located in the City of Oskaloosa. All applications for eligible structures will be evaluated by the OHTF
Committee for participation in the program.
Owner: The person/persons that are record titleholders at the Mahaska County Courthouse or other
officially designated representative of the property such as an executor of an estate.
III.
PROGRAM OVERVIEW
The City of Oskaloosa Housing Trust Fund (OHTF) will provide a combination grant/loan in the lesser amount of:
a)
Actual and reasonable costs incurred by the owner of the property; or,
b)
Four Thousand Dollars ($4,000) toward the costs of removal and disposal of vacant dilapidated housing
structures within the City of Oskaloosa.
One half of the awarded funds shall be issued in form of a no-interest (0%) loan to be repaid in twenty-four
(24) monthly installments beginning the first month following project completion. One half of the awarded funds shall
be issued in the form of a non-repayable grant.
In consideration of the funds granted by the OHTF, the grant/loan recipient shall pledge to repay the loan
amount beginning the first of the month following project completion. Participants will be required to make their
monthly payments through an automatic checking/savings account withdrawal. If sufficient funds are not in the
account and payment is not made, a service charge as adopted in the current City of Oskaloosa Fee Schedule will
be assessed to the borrower for each delinquent payment.
IV.
CONFLICT OF INTEREST
No employee, agent, consultant, officer or appointed official of the Oskaloosa Housing Trust Fund shall be
eligible to receive a grant from this program.
V.
DISPOSAL OF DEMOLITION DEBRIS
All debris shall be properly disposed of in compliance with the rules and regulations of the City of
Oskaloosa, including the removal and disposal of hazardous materials such as asbestos.
VI.
GRANT PROCESSING PROCEDURES
A.
Applications (Exhibit 1) must be received and approved by the OHTF prior to demolition work
commencing. Any work started prior to OHTF approval may be deemed ineligible for reimbursement
and may disqualify the owner from participation in the grant program. Applications shall be on the forms
provided by the OHTF and include the following additional information:
1. A minimum of two bids for the demolition.
2. If the applicant is not the owner, (i.e. executor of an estate) proof that the applicant has the
authority to act on behalf of the owner.
3. Copy of the demolition permit for the property (to be provided after Committee grant approval).
B.
The application will be evaluated by the OHTF Committee for approval. Upon approval of the
application, Department Head and OHTF Chair, Vice-Chair or City Manager, shall authorize the
City Clerk to draw funds on the account, as needed.
C.
C. Grant recipients shall be required to pay a $75 processing feea processing fee as approved by
the Oskaloosa City Council
on the fee schedule .and will be responsible for payment
of recording fees related to the grant.
D.
All applications shall have the approval of the OHTF Committee.
E.
After OHTF approval of the application and the owner's execution of the grant documents, (Exhibit
2) the work may begin.
F. These funds are granted/loaned to the current owner of the property and shall not be transferable to
future purchasers. If the owner sells the property within the two year repayment period, the
remaining loan balance shall be repaid in full.
G.
A demolition permit must be obtained thirty (30) days after the demolition loan is approved. The
demolition of the structure must be completed within ninety (90) days of the demolition loan
approval. The building official may allow exceptions to these deadlines at their discretion.
H. The owner will be responsible for monitoring the demolition work, although City inspections will occur
as required by the permits issued and to verify completion of the work.
I.
Upon completion of the demolition, the owner shall submit copies of all bills associated with the
demolition for processing of payment to the owner. Checks are made payable to the contractor and
the property owner in lieu of a lien waiver.
VII. ELIGIBLE COSTS
Costs eligible for reimbursement to the owner under this program shall be the actual and
reasonable cost of:
A. Demolition permit
B. Disconnecting utilities
C. Removal and proper disposal of hazardous waste
D. Removal and proper disposal of above and below grade structures and trees that may interfere with
redevelopment of the property.
VIII. SELF HELP
It shall be the policy of the OHTF Committee that in situations where an owner wishes to do his/her own
work on a demolition project that the allowable demolition cost shall be defined as those actual and
reasonable costs incurred (e.g. cost of permits and rental of machinery and/or tools for actual and reasonable
time to complete the task they are rented for) are the allowable cost. The OHTF will not reimburse the owner
or owner’s employees for time/wages expended on the project.
OHTF Communication
Item Title:
Discussion of demolition loan for 714 North C Street.
Explanation:
Gregory Meyer was approved by the Oskaloosa Housing Trust Fund Committee for a
demolition loan on July 18, 2013. The demolition and payment of demolition loan of
$4,000 was completed in October 2013. The demolition program plan states a
structure of equal or greater assessed value to the building demolished must be built
on the property within two years of dispersal of the grant funds.
Mr. Meyer removed the house at 714 North C Street and combined the lots for 714
North C Street and 718 North C Street (Mr. Meyer’s primary residence). The demolition
application stated an addition (laundry room and garage) to the house located at 718
North C Street would be the structure replacing the building on 714 North C Street, and
this plan was approved by the Oskaloosa Housing Trust Fund Committee.
Per the Mahaska County Assessor, Lindsey Thomas, the addition to the home at 718
North C Street was only partially complete for the 2015 assessment. Assessments do
not recalculate until January 1, 2016, and the final value will be released on April 1,
2016. The value change between 2014 and 2015 was $2,790.00; Mr. Meyer must
complete improvements exceeding $6,770 to be in compliance with the demolition
program plan.
The last city inspection for this property was July 2014 for the footings of the addition.
The property located at 714 North C Street was combined with 718 North C Street for
the 2014 assessments.
If the addition to the property meets the demolition plan guidelines, a $7.00 release fee
will need to be collected to release the lien on the property.
If the addition to the property does not meet the demolition plan guidelines, the full
amount of the loan plus interest would be amortized over a 12-month period.
Attachments:
GIS for 714 North C Street
Mahaska County, IA
Summary
Parcel ID
Office Map
Property Address
1013252011
916
718 North C
Oskaloosa
Sec/Twp/Rng
13-75-16
Brief Legal Description LOT 1 & N 5' LOT 2 B LK 3 DONAHEYS ADD & S 7.25'
LOT 1 WESTER VELTS ADD
(Note: Not to be used on legal documents)
Document(s)
CON: 2007-3267 (8/30/2007)
REC: 2012-4091 (12/11/2012)
REC: 2013-1241 (4/15/2013)
REC: 273-454
REC: 285-19
Gross Acres
0.00
Exempt Acres
N/A
Net Acres
0.00
CSR
N/A
Class
R - Residential
(Note: This is for tax purposes only. Not to be used for
zoning.)
Tax District
OSKALOOSA
School District
OSKALOOSA SCH
If this property is being split, please contact the Assessor’s Office at 641-673-5805 for property information.
Owner
Primary Owner
(Deed Holder)
Meyer, Gregory A/Wendy L
718 N C St
Osklaoosa, IA 52577-2125
Secondary Owner
Mailing Address
Land
Lot Dimensions Regular Lot: 74.25 x 120.00
Lot Area
0.21 Acres; 8,910 SF
Residential Dwellings
Residential Dwelling
Occupancy
Style
Architectural Style
Year Built
Condition
Grade what's this?
Brick or Stone Veneer
Total Gross Living Area
Attic Type
Basement Area Type
Basement Area
Single-Family / Owner Occupied
1 1/2 Story Frame
N/A
1910
Normal
N/A
1,314 SF
None;
Full
760
Basement Finished Area
Plumbing
Fireplaces
Porches
Decks
Additions
Garages
1 Full Bath;
1S Frame Open (66 SF);
Wood Deck-Med (192 SF);
1 Story Frame (228 SF) (228 Bsmt SF); 1 Story Frame (182 SF);
Sales
Multi
Parcel
Date
Seller
Buyer
Recording NUTC
Type
4/15/2013
VELDHUIZEN,
LEROY/FRANCES E
MEYER, GREGORY
A/WENDY L
20131241
Fullfillment of
prior year contract
Warranty
Deed
8/30/2007
VELDHUIZEN,
LEROY/FRANCES E
MEYER, GREGORY
A/WENDY L
20073267
6/10/2001
DIETRICH, DOUGLAS
N/RANAE
MEYER, GREGORY
A/WENDY L
8/29/1997
VELDHUIZEN,
LEROY/FRANCES E
10/30/1995 Amount
Y
$0.00
Normal ArmsContract
Length Transaction
Y
$16,000.00
285-19
Normal ArmsWarranty
Length Transaction Deed
$18,000.00
VELDHUIZEN,
LEROY/FRANCES E
273-454
Quit Claim Deed
Warranty
Deed
Y
$0.00
267-155
Normal ArmsWarranty
Length Transaction Deed
$22,000.00
+
Valuation
2015
2014
2013
2012
2011
Residential
Residential
Residential
Residential
Residential
+ Land
$12,990
$12,990
$6,130
$6,130
$5,880
+ Building
$45,060
$42,270
$42,270
$42,270
$41,140
= Total Assessed Value
$58,050
$55,260
$48,400
$48,400
$47,020
Classification
VALUES ARE NOT CERTIFIED UNTIL APRIL 1ST AND ARE SUBJECT TO BOARD OF REVIEW
Taxation
2014
Pay 2015-2016
2013
Pay 2014-2015
2012
Pay 2013-2014
$7,240
$3,335
$3,238
+ Taxable Building Value
$23,559
$22,995
$22,326
+ Taxable Dwelling Value
$0
$0
$0
$30,799
$26,330
$25,564
Military Exemption
$0
$0
$0
= Net Taxable Value
$30,799
$26,330
$25,564
x Levy Rate (per $1000 of value)
36.84406
35.90845
37.25362
= Gross Taxes Due
$1,134.76
$945.47
$952.35
+ Taxable Land Value
= Gross Taxable Value
-
-
Ag Land Credit
$0.00
$0.00
$0.00
-
Disabled and Senior Citizens Credit
$0.00
$0.00
$0.00
-
Family Farm Credit
$0.00
$0.00
$0.00
-
Homestead Credit
($178.69)
($174.16)
($180.68)
-
Business Property Credit
$0.00
$0.00
$0.00
-
Prepaid Tax
$0.00
$0.00
$0.00
$956.00
$1,000.00
$772.00
Date Paid
Receipt
= Net Taxes Due
Pay Property Taxes
Click here to pay property taxes for this parcel.
Tax History
Year
Due Date
Amount
Paid
2014
March 2016
September 2015
$478
$478
No
No
2013
March 2015
September 2014
$114
$114
Yes
Yes
6/15/2015
2/12/2015
14698
2013
March 2015
September 2014
$386
$386
Yes
Yes
6/15/2015
2/12/2015
14697
2012
March 2014
September 2013
$386
$386
Yes
Yes
6/16/2014
12/13/2013
14687
14722
Tax Sale Certificate
Date
Certificate
6/15/2015
2015-15095
6/15/2015
2015-15096
*** ACTIVE TAX SALE CERTIFICATE ***
Iowa Land Records
CON: 2007-3267 (8/30/2007)
REC: 2013-1241 (4/15/2013)
REC: 2012-4091 (12/11/2012)
REC: 273-454 ()
REC: 285-19 ()
Data for Mahaska County between Beacon and Iowa Land Records is available on the Iowa Land Records site beginning in 2003.
For records prior to 2003, contact the County Recorder or Customer Support at www.IowaLandRecords.org.
Photos
Sketches
Real Estate Changes
Click here for the Assessor's form to report real estate changes.
No data available for the following modules: Commercial Buildings, Agricultural Buildings, Yard Extras.
The information in this web site represents current data from a working file which is updated continuously. Information is
believed reliable, but its accuracy cannot be guaranteed. No warranty, express or implied, is provided for the data herein, or its
use. Special assessments not shown. When using this information for payment purposes or for closing information please
contact the Treasurer's office at (641)673-5482.
Last Data Upload: 10/28/2015 8:29:20 PM

Developed by
The Schneider Corporation
OHTF Communication
Item Title: MISCELLANEOUS
Explanation:
A. Approval of claims
1. List of claims for September 2015
2. List of claims for October 2015
B. Accounting and Activity Reports
1. Accounting Report – Housing Dept. August
2. Accounting Report – Housing Dept. September
3. OHTF Activity September 2015
4. OHTF Activity October 2015
Not applicable.
Attachments:
List of claims for September 2015
List of claims for October 2015
Accounting Report – Housing Dept. August
Accounting Report – Housing Dept. September
OHTF Activity September 2015
OHTF Activity October 2015

Packet - Oskaloosa

Transcription

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