HomeMy WebLinkAboutAGENDA REPORT 1999 0616 CC REG ITEM 11DTO
FROM:
DATE:
MOORPARK CITY COUNCIL
AGENDA REPORT
Honorable City Council
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CITY O %TOORPz1ARK, CALIFORNIA
City Council Niceting
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ACTION: __�,
BY:
John E. Nowak, Assistant City Manager G
04 June 1999 (Council Meeting of 06- 16 -99)
SUBJECT: Consider a One -time Modification to the City's
Mobilehome Rehab Loan Program
BACKGROUND: In October 1999 the City Council established a
residential rehab loan program for use by mobilehome owners
in the City. On April 21, 1999 the Council approved
raising the maximum loan amount to $6,500 to owners under
certain conditions. Owners have submitted an application
for a loan for which the total cost of required
improvements exceeds the current limit.
DISCUSSION: Donald and Eileen Nevins, mobilehome owners in
the Villa Del Arroyo park, have applied for a rehab loan to
perform certain code and safety improvements in their home.
The improvements (provided to Council under separate cover)
are considered minimal, but the cost of the loan would
exceed the current limit by $847.00. The owners would be
repaying the loan to the City on a monthly basis at the
rate of $97.08 over a seven year period. Due to the
special circumstances of the couple and their physically
challenged condition, staff recommends the Council
authorize the increased loan amount on this one -time basis.
RECOMMENDATION: Staff recommends the City Council approve
an increase for the rehab loan for Donald and Eileen Nevins
to an amount not to exceed $7,350.00, and this shall not be
a precedent setting action.
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