Faust: Yes.
Moermond: Did he want to be copied on correspondence?
Faust: No. I will keep him informed. He didn’t see any reason why the house could be
demolished with me being on-track.
Moermond: There’s that piece, but there are also contracts being signed with a lot of
money involved, and I want to make sure you are getting sound advice.
Faust: I have had a lot of support. 3 neighbors have come to me with concern about
me getting taken advantage of as well.
D. Marks: Dennis is now moved into his apartment. I did introduce Faust to a realtor,
and we are having a market analysis done. We have a timeline printed here. The way
it’s looking now if we were to purchase the property, the sale wouldn’t be completed
until the end of March. Faust asked to get it done sooner, but we need to do our due
diligence. We just need more information. We have to wait for the City inspection and
would like to expedite that if possible.
R. Marks: Mr. Faust mentioned that he wants it done.
Yannarelly: Nothing can be done until Clint Zane can go through to get the CCIR done.
Moermond: Have you had contractors look at it?
D. Marks: I have had a contractor look at it. Is there anything else form the City’s
perspective that we can do?
Moermond: One thing you can do that might expedite things is that your contractor
could put together a preliminary work plan before the CCIR and then tweak it after they
have the report.
D. Marks: That has already started.
Moermond: Good. In terms of rehab, the City will not make a grant of time until we
have a signed purchase agreement or other contract indicating who will be responsible
for the rehabilitation. We will give you samples of that if we haven’t already. I’m
thinking you won’t want to sign that until after looking at the CCIR.
D. Marks: We would put some contingencies in.
Moermond: What would you do for financing?
D. Marks: We’d do it in cash.
Moermond: If you have a start on the financing and the work plan, next is an affidavit
that you will spend those funds on the rehab the posting of a $5,000 performance
deposit. I would then ask Council for a grant of six months to complete the work. At
that time, we would check on the status. If it’s more than 50% completed, we would
likely grant another 6 months. If it’s less than 50%, we would talk about what next
steps would be. If you were close to 0%, you might lose the deposit and I may
recommend an additional $5,000 be posted. The property would need to keep being
maintained as well. Once Mr. Yannarelly and I see things like the performance deposit,
work plan, evidence of financing, and an affidavit, we can greenlight you for permits
before a Council vote to grant time. We don’t want to delay you. It sounds like Mr.