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98-218
Resolution No. 98-218 RESOLUTION AUTHORIZING EXECUTION OF AN APARTMENT LEASE WITH NEIGHBORHOOD HOUSING SERVICES OF ELGIN, INC . BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS, that Joyce A. Parker, City Manager, and Dolonna Mecum, City Clerk, be and are hereby respectively authorized and directed to execute a written lease agreement with Neighborhood Housing Services of Elgin, Inc . for the premises commonly known as 502 Raymond Street, Elgin, Illinois, a copy of which is attached hereto and made a part hereof by reference. s/ Kevin Kelly Kevin Kelly, Mayor Presented: August 26, 1998 Adopted: August 26 , 1998 Vote: Yeas 7 Nays 0 Attest: s/ Dolonna Mecum Dolonna Mecum, City Clerk APARTMENT LEASE—uNcuRNIsI ED :For Use In lulnole) NO. L-17 GEORGE E.COLE• APRIL 1980 IF UNHEATED.CHECK HERE: LEGAL FORMS (SEE PARAGRAPH I t) CAUTION:Consult a'wryer before using or acting under this form. All warnnflee,including merchentabINty and Illness,are excluded. APARTMENT LEASE UNFURNISHED DATE OF LEASE ; TERM OF LEASE MONTHLY RENT SECURITY DEPOSIT• BEGINNING i ENDING 09/01/98 (Month to Month i $1000. 00 N/A • IF NONE, WRITE"NONE".Paragraph 2 of this Lease then INAPPLICABLE. LESSEE LESSOR NAME . City of Elgin NAME • Neighborhood Housing Services of 502 Raymond St. ADDRESS Elgin, Inc. Elgin, IL 60120 Ao ADT,NO. ymonD • 205 North Gifford Street Ess ADDRESS OF • Elgin, Illinois 60120 PREMISES In consideration of the mutual covenants and agreements herein stated, Lessor hereby leases to Lessee and Lessee hereby leases from Lessor for a private dwelling the apartment designated above (the "Premises"), together with the appurtenances thereto,for the above Term. • ADDITIONAL COVENANTS AND AGREEMENTS(if any) HOLDING OVER: If the Lesee retains possession of the premises or any part thereof after ' the termination of the term of this lease by lapse of time or otherwise, then, at Lessor's option, such holding over shall constitute a renewal of this lease for one month, and from month to month thereafter for the same rental specified under Section 1 for such period. Lessor may terminate any such tenancy so created by 30 days notice in writing pursuant to 735 ILCS 5/9-207. Nothing herein shall waive Lessor's right to recover double the rent or sum which would otherwise be due for Lessee's willfully holding over or holding over after notice as provided in 735 ILCS 5/9-202 and 735 ILCS 5/9-203. LEASE COVENANTS AND AGREEMENTS, RENT 1. Lessee shall pay Lessor or Lessor's agent as rent for the Premises the sum stated above,monthly in advance, until termination of this lease,at Lessor's address stated above or such other address as Lessor may designate in writing. SECURITY i 2. Lessee has deposited with Lessor the Security Deposit stated above for the performance of all covenants and DEPOSIT agreements of Lessee hereunder.Lessor may apply all or any portion thereof in payment of any amounts due Lessor from Lessee, and upon Lessor's demand Lessee shall in such case during the term of the lease promptly deposit with Lessor such additional amounts as may then be required to bring the Security Deposit up to the full amount stated above.Upon termination of the lease and full performance of all matters and payment of all amounts due by Lessee,so much of the Security Deposit as remains unapplied shall be returned to Lessee.This deposit does not bear interest unless and except as required by law.Where all or a portion of the Security Deposit is applied by Lessor as compensation for property dam- age, Lessor when and as required by law shall provide to Lessee an itemized statement of such damage and of the esti- mated or actual cost of repairing same. If the building in which Premises are located(the"Building")is sold or other- wise transferred, Lessor may transfer or assign the Security Deposit to the purchaser or transferee of the Building,who shall thereupon be liable to Lessee for all of Lessor's obligations hereunder, and Lessee shall look thereafter solely to such purchaser or transferee for return of the Security Deposit and for other matters(including any interest or account- ing)relating thereto. CONDITION 3. Lessee has examined and knows the condition of Premises and has received the same in good order and repair OF except as herein otherwise specified,and no representations as to the condition or repair thereof have been made by PREMISES; Lessor or his agent prior to,or at the execution of this lease,that are not herein expressed or endorsed hereon;and upon REDELIVERY the termination of this lease in any way,Lessee will immediately yield up Premises to Lessor in as good condition as when TO LESSOR the same were entered upon by Lessee,ordinary wear and tear only excepted,and shall then return all keys to Lessor. 4. Except as provided by Illinois statute,Lessor shall not be liable for any damage occasioned by failure to keep LIMITATION Premises in repair, and shall not be liable for any damage done or occasioned by or from plumbing,gas,water,steam or OF other pipes,or sewerage,or the bursting,leaking or running of any cistern,tank,wash-stand,water-closet,or waste-pipe, LIABILITY in, above,upon or about the Building or Premises,nor for damage occasioned by water,snow or ice being upon or com- ing through the roof, skylight, trap-door or otherwise,nor for damages to Lessee or others claiming through Lessee for any loss or damage of or to property wherever located in or about the Building or Premises,nor for any damage arising from acts or neglect of co-tenants or other occupants of the Building,or of any owners or occupants of adjacent or con- tiguous property. USE; 5. Lessee will not allow Premises to be used for any purpose that will increase the rate of insurance thereon,nor SUBLET; for any purpose other than that hereinbef ore specified, nor to be occupied in whole or in part by any other persons, ASSIGNMENT and will not sublet the same,nor any part thereof,nor assign this lease,without in each case the written consent of the Lessor first had, and will not permit any transfer, by operation of law,of the interest in Premises acquired through this lease,and will not permit Premises to be used for any unlawful purpose or purpose that will injure the reputation of the same or of the Building or disturb the tenants of the Building or the neighborhood. USE AND 6. Lessee will take good care of the apartment demised and the fixtures therein,and will commit and suffer no REPAIR waste therein;no changes or alterations of the Premises shall be made, nor partitions erected, nor walls papered, nor locks on doors installed or changed,wit'I,;ut the co•tse,Tt in writing of Lessor;Lessee will make all repairs required to the wall:, ceilings,paint,piasterelg,,lurroinc,"•nr ,�,;,2: • .- i;t:t^L'S; iC�:C11:i::5. .._.oG:.. .. �.::�9 Cr ir,�,.•', the Lame shall have resulted frol.i misuse or neglect;no furniture filled or to be filled wholly or partially with liquids shall be placed in the Premi.es without the consent in writing of Lessor;the Premises shall not be used as a"boarding" or "lodging"house, nor for a school, nor to give instructions in music,dancing or singing,and none of the rooms shall be offered for lease by placing notices on any door,window or wall of the Building,nor by advertising the same direct- ly or indirectly, in any newspaper or otherwise, nor shall any signs be exhibited on or at any windows or exterior por- tions of the Premises or of the Building without the consent in writing of Lessor;there shall be no lounging, sitting upon, or unnecessary tarrying in or upon the front steps, the sidewalk, railing,stairways,halls,landing or other public places of the Building by Lessee,members of the family or others persons connected with the occupancy of Premises;no provisions, milk, ice, marketing, groceries, furniture, packages or merchandise shall be taken into the Premises through the front door of the Building except where there is no rear or service entrance;cooking shall be done only in the kit- ' chen and in no event on porches or other exterior appurtenances; Lessee,and those occupying under Lessee,shall not interfere with the heating apparatus,or with the lights,electricity,gas,water or other utilities of the Building which are not within the apartment hereby demised,nor with the control of any of the public portions of the Building;use of any master television antenna hookup shall be strictly in accordance with regulations of Lessor or Lessor's agent;Lessee and those occupying under Lessee shall comply with and conform to all reasonable rules and regulations that Lessor or Lessor's agent may make for the protection of the Building or the general welfare and the comfort of the occupants thereof, and shall also comply with and conform to all applicable laws and governmental rules and regulations affecting the Premises and the use and occupancy thereof. M ACCESS ',7. Lessee will allow Lessor free access to the Premises at all reasonable hours for the purpose of examining or ex- , t hibitingthe same or to make any needful repairs which Lessor may deem fit to make for the benefit of or related to any , *part of the Building;also Lessee will allow Lessor to have placed upon the Premises,at all times,notice of"For Sale" • and."To Rent,"and will not interfere with the same. . RIGHT'TO ' 8. If Lessee shall abandon or vacate the Premises,the same may be re-let by Lessor for such rent and upon such RELET • :' •:terns as Lessor may see fit;and if a sufficient sum shall not thus be realized,after paying the expenses of such reletting k;r, and collecting,to satisfy the rent hereby reserved,Lessee agrees to satisfy end pay all deficiency. HOLDING• . .. •• • . • • . - .. • OVER .;•o lapse o • • •therwise,then the Lessor may at Lessor's option within thirty days after the ter •. •• . t e term • • serve written notice up• that such holding over constitutes either(a)renewal of •• . • or one year,and from i • • •year to year thereafter,at double • . s.ecified under Section 1 f. •'riod,or (b) creation of a month to • :,' month tenancy,upon the terms of this lease exc • . •• . • •nthly rental specified under Section 1,or(c)crea- i • '"tion of a tenancy at sufferance,at a rental of :• .rs per day for the time Lessee remains in posses- ` sion. If no such written notice is • en a tenancy at sufferance with r ted at(c)shall have been created, and in such case if s.. • ' •'r diem rental shall not have been inserted herein at(c),su •• •' m rental shall be one- , fifteent, • monthly rental specified under Section 1 of this lease. Lessee shall also pay to Less• . ••• a•es sus- t., L ,.... . ...Iti.a L."..• t ..t:.,.,,f r ,• ,.:.,.rLr-les.. RESTRICTIONS ' ' • 10. Lessee will not permit anything to be thrown out of the windows,or down the courts or light shafts in the ON USE . , Building;nothing shall be,hung•from the outside of the windows or placed on the outside window sills of any window in the Building;no parrot,dog'br other animal shall be kept within or about the Premises;the front halls and stairways r,. .t• ' and the back porches shall not be used for the storage of carriages,furniture or other articles. WATER AND 11. The provisions of subsection (a) only hereof shall be applicable and shall form a part of this lease unless this HEAT lease is made on an unheated,basis and that fact is so indicated on the first page of this lease,in which case the provi- • sions of subsection(b)only hereof shall be applicable and form a part of this lease. (a) Lessor will supply hot and cold water to the Premises for the use of Lessee at all faucets and fixtures provi- ded by Lessor therefor.Lessor will also supply heat,by means of the heating system and fixtures provided by Lessor,in -,reasonable amounts and at reasonable hours,when necessary,from October 1 to April 30,or otherwise as required by , ' applicable municipal ordinance. Lessor shall not be liable or responsible to Lessee for failure to furnish water or heat •.• t when such failure shall result,from causes beyond Lessor's control, nor during periods when the water and heating systems in the Building or any portion thereof are under repair. • (b) Lessor will supply cold water to the Premises for the use of Lessee at all faucets and fixtures provided by Lessor therefor. Lessor shall not be liable or responsible to Lessee for failure to furnish water when such failure shall re- sult from causes beyond Lessor's control,nor during periods when the water system in the Building or any portion there- of is under repair. All water heating and all heating of the Premises shall be at the•sole expense of Lessee.Any equip- r ment provided by Lessee therefor shall comply with applicable municipal ordinances. STORE ROOM •r ' 12. Lessor shall not be liable for any loss or damage of or'to any property placed in any store room or any stor- • •age place in the Building;Such store room or storage place being furnished gratuitously and not as part of the oblige- . " •+'r '4•1! of this lease: ' r DEFAULT `'14 '-".13.- If default be made'in the payment'of the above rent,or any part thereof,or in any of the covenants herein • BY • ' r contained to be kept by the Lessee,Lessor may at anytime thereafter at his election declare said term ended and reenter LESSEE —i:. . ' the Premises or any part thereof,with or(to the extent permitted by law)without notice or process of law,and remove Lessee or any persons occupying the same,without prejudice to any remedies which might otherwise be used for arrears • of rent,and Lessor shall have at all times the right to distrain for rent due,and shall have a valid and first lien upon all •• personal property which Lessee now owns,or may hereafter acquire or have an interest in,which is by law subject to such distraint,as security for payment of the rent herein reserved. NO RENT 14. Lessee's covenant to pay rent is and shall be independent of each and every other covenant of this lease. DEDUCTION Lessee agrees that any claim by Lessee against Lessor'shall not be deducted from rent nor set off against any claim for OR SET OFF rent in any action. RENT AFTER 15. It is further agreed, by the parties hereto,that after the service of notice or the commencement of a suit or NOTICE OR SUIT, after final judgment for possession of the Premises,Lessor may receive and collect any rent due,and the payment of said rent shall not waive or affect said notice,said suit,or said judgment. PAYMENT OF 16. Lessee will pay and discharge all reasonable costs,attorney's fees and expenses that shall be made and incur- COSTS red by Lessor in enforcing the covenants and agreements of this lease. RIGHTS 17. The rights and remedies of Lessor under this lease are cumulative.The exercise or use of any one or more CUMULATIVE •. thereof shall not bar Lessor from exercise or use of any other right or remedy prt;vided herein or otherwise provided by law,nor shall exercise nor use of any right or remedy by Lessor waive any other right or remedy. FIRE AND 18. In case the Premises shall be rendered untenantable during the term of this lease by fire or other casualty, CASUALTY Lessor at his option may terminate the lease or repair the Premises within 60 days thereafter.If Lessor elects to repair, this lease shall remain in effect provided such repairs are completed within said time. If Lessor shall not have repaired ' • the Premises within said time,then at the end of such time the term hereby created shall terminate.If this lease is ter- minated by reason of fire or casualty as herein specified, rent shall be apportioned and paid to the day of such fire or other casualty. SUBORDINATION '19. This lease is subordinate to all mortgages which may now or hereafter affect the real property of which Pre- mises form a part. PLURALS; .' ,''. 20. The words "Lessor"and "Lessee"wherever herein occurring and used shall be construed to mean"Lessors" SUCCESSORS. 'and "Lessees" in case more than one person constitutes either party to this lease;and all the covenants and agreements herein contained shall be binding upon,and inure to, their respective successors,heirs,executors, administrators and ' assigns and be exercised by his or their attorney or agent. • • u. SEVERABILITY 21. Wherever possible each provision of this lease shall be interpreted in such manner as to be effective and valid under applicable law,but if any provision of this lease shall be prohibited by or invalid under applicable law,such pro- ' vision shall be ineffective to the extent of such prohibition or invalidity,without invalidating the remainder of such provision or the remaining provisions of this lease. 1***,NOTE•c'; ,:,,,;,NUS,.;Q,f„ El.gin:rha.s applied. for;, tax .exempt .status on the ROPE " '''"`lit•''me 4YbU eg:"-When..•arid' if 'the Kane 'Ccunty' Assessor •adjusts the .t:...',Atf l; I•',,^I'erttl!:,; u, ' proper,by tax clowiiward, it will be' reflected in a reduction of ,,,lt '.,,.:t,..1,, the,.,monthly::,rent•. . . • WITNESS the hands and seals of the parties hereto,as of,te Date of Lease stated above. ,. • • LESSEE:'..''•I-,19 ,,, '• ,, , : • I • , LESSOR: , L. ( OEf seal( ) •~�— (seal) ! (seal) ,•',.:• ;,.:i•; -n•11.1. . `•J ,• , ,, ,,. . . tt. -n,. r.,. . i•. ,•. • . ASS:G MEUT•^.7 LS'S.^..^.it . On this • _,19......:___....for value received.Lessor hereby transfers.assigns and sets over to all right,title and interest in and to the above lease and the rent thereby reserved, except rent due`&id payable Prior to ' :•' ' • 19 , r•rt,. '1 til:bn: .,!t,,'.:y,; .•. ,1,,. c ,. t , Il.. I . ' ... . . .. (seat) ..,..rI.:'•,ti ;,,.ir., ..id"f,a>•1_:'r,i,I,. : ' ' 1 GUARANTEE .• (seal) On this ,19 ,in consideration of Ten Dollars($10.00)and other good and valuable considera- tion.the receipt and sufficiency of which is hereby acknowledged,the undersigned Guarantor hereby guarantees the payme t of rent and performance by Lessee,Lessee's heirs,executors,administrators,successors or assigns of all covenants and egrements of the above lese. t; t•.,... •? !,. . ti , . ... ' I, (seal) .,. a,. , .pvit.t'P •,r. Ir.:1 ".•:.. :•:;l;! .•....II, -,1 . 'I' • ,. rt,.,, •., , • ro •, .:' . • (seal) .v OF V. / y ¢ }� ' Agenda Item No. =- City of Elgin - , - July 14, 1998 TO: Mayor and Members of the City Council FROM: Joyce A. Parker, City Manager SUBJECT: Rental Agreement with Neighborhood Housing Services for Southeast Resident Officer PURPOSE The purpose of this memorandum is to provide the Mayor and members of the City Council with information to consider a lease agreement with NHS for a house for a Resident Officer. BACKGROUND In July of 1997, the Southeast ROPE District was redefined. The District is bounded by the Fox River, National Street to Villa, Villa to Liberty, Liberty to Jay, Jay to Raymond, Raymond to Bent to the Fox River. The City shortly thereafter partnered with NHS to locate suitable housing. In early 1998 , the house at 502 Raymond Street was identified for purchase. The house is located on the southwest corner of Bent at Raymond. It is a large wooden two story with adequate room for office and residence . It was determined the residence would best serve the needs of the Resident Officer Program. The purchase was completed on June 8, 1998 . COMMUNITY GROUPS/INTERESTED PERSONS CONTACTED With the assistance of NHS, the residence was identified to serve the needs of the program. The South East Elgin Neigh- bors were contacted and are in agreement with the location of the ROPE residence. LEGAL IMPACT Vigolil None. 071LAINANCIAL IMPACT A lease agreement provides for a monthly rent of $1, 000 . 00 . Sufficient funds were approved by the City Council as part of rm. the 1998 budget plan. The projected date to initiate the rental is September 1, 1998, at which time the interior rehab should be completed. This expenditure will be made out of account number 010-2304-731. 43-03, Rental Buildings . Rental Agreement with NHS July 14 , 1998 Page 2 ALTERNATIVES The City Council could reject the lease for the residence and the Police Department could begin looking for another loca- tion. RECOMMENDATION It is recommended that the City Council authorize the City Manager to enter into this lease with Neighborhood Housing Services of Elgin. Respectfully submitted, J.1ce4A. Parker City Manager JL/jl r — ✓ w �, p ..• z \i'z'to , ..,...„ F- . 'C:) ; -� ►�— ' ST F- A. • •Ear . . . : � W I � � FO M • 1- tv: 1 L U H . 1.1- ---1 ,-- . •cs. 431,.."... \ Lst E AV .. bi .'.o.4.\. t't.\,..4.\\c)'& .-.-..,.. Mil.l ''.:;..:5 •4•":1.•.1t".\.i1f:I-,F-1-`..1.1-3 R_-.Ly11---_:_:._4-._-_-_IP;_c--.–-:_-11_1;'1".'A-711I,::t.-'.:- t..7.t2. *. .LK''''T''{1'O.4.-,...R..N ':...:•„..1 1-- .• ,- :.4.±".. 1-,.:..':::••:"1 :t±.7.•.-.r.....•-. �_rAk-—N.-•ii-*;-c LTIt(0 AUREL - 1 - 40 . - • MA • fY 'Qz I a� ��. ti9 . 'Sp (._"-N. "'� � a ST LE LE sT ST E UA 1 � • r q�G�r �, $ q S �.. -:j .\\ - : = ?_-_, I ST V --4 ?-------H. PL 1 k ,� �O , ::: . Q ST s. cn cry C" 'TOPE CT :: >':` `i `ti-\'' A �' • �,'•. \ In x.- \ - . (IN FT__ „.. , . . ,.\\., ;. '- . . \ A.% 41 :SHER At . �:1-F=-:-._-__i_a FL__________\3 . s, - • �O � i• E6 T E 7,---n- 1 14:, ,�` J y •� �oOCj� : L0N ii V3 I .� : - : c� I T•L S ' 'ST 1 VIX\ ?4qrsew-e' \,.. ... \ , sc,\. f>, \ V, i...,,,_ ....... , , •,BEN, T \--s‘.,:::„. ..i-i ' ,.-. : 7i:., . i 1„. ): F.. ..7 . _ \ , cia t o \II Vv _i ..i1•••• z- ,i \rL o. , t=omt pt' c� c19 i r krrn . z .,tY \ \ (-0 \I -------\'' --A - ; .1,”' .Eu \,• Fil 1. -pi \I ��' � Q '. , ��\ST, L' HASTINGS �' _ SO ST E , ti ~` : , , , rte—— c� vz ST � ;- G ra l t ch i DWIGHT -� --� • ,,.4 OF Et c�" § City of Elgin Agenda Item No: • - \(II August 18, 1998 TO: Mayor and Members of City Council FROM: Joyce A. Parker, City Manager SUBJECT: Rental Agreement with Neighborhood Housing Services for Southeast Resident Officer PURPOSE The purpose of this memorandum is to provide the Mayor and members of City Council with information to consider a lease agreement with Neighborhood Housing Services (NHS) for a house for the Southeast Resident Officer. BACKGROUND es"' In July of 1997, the Southeast ROPE district was redefined and the goal of moving the ROPE officer from an apartment complex into a house in the neighborhood was identified. The funding for house rental was identified in the Police Department's 1998 Base Budget. The Police Department began working with NHS to identify houses available for sale within the ROPE district that would best serve the neighborhood. Through this process, 502 Raymond Street, a house located at the southwest corner of Bent and Raymond, was identified. The two-story wood frame house, a former two-unit, should provide adequate space for an office and residence for the ROPE officer and his family. Acquisition and Rehabilitation Costs The property was acquired by NHS for the specific purpose of rehabilitation for use by the ROPE officer. The seller of the property was not and is not associated with NHS. Attachment A is a letter from NHS describing the acquisition and rehabilitation costs. The property was acquired by NHS with a 30-year loan from Elgin Financial Center at a fixed rate of 6.5% for the first seven years with an annually adjusted rate thereafter(Attachment B). NHS developed specifications for the rehabilitation and solicited bids. Three bids were received and the project was awarded to the low bidder, A. J. Maintenance. Total rehabilitation costs including a contingency are estimated at $30,000. The rehab includes the cost of bringing the home into full code compliance as well as certain specific improvements requested by the Police Department such as additional security features and appliances. The specifications for the rehabilitation are provided in Attachment C. • • Southeast ROPE Rental August 18, 1998 Page 2 Rental Rate Attachment A also provides a break-out of the monthly rent of$1,000. The rent includes the monthly mortgage, taxes, and insurance. The lease agreement is provided in Attachment D. The lease agreement does include a provision stating that if the ROPE property was granted tax exempt status the City would receive a corresponding rent decrease. Community Groups/Interested Persons Contacted With the assistance of NHS, the house at 502 Raymond was identified by the Police Department to meet the needs of the neighborhood and ROPE program. The South East Elgin Neighbors were contacted and are in agreement with the ROPE site. v Ate, Legal Impact VVw " None. Financial Impact A lease agreement provides for a monthly rent of$1,000. Sufficient funds were approved as a part of the 1998 Budget. The projected date to initiate the rental is September 1, 1998, at which time the interior rehab should be completed. The expenditure will be made out of account number 010-2304-731.43-03, Rental Buildings. Alternatives The City Council could agree, amend, or reject the attached lease agreement. Recommendation It is recommended that the City Council authorize the City Manager to enter into the lease agreement with Neighborhood Housing Services for the property at 502 Raymond Street. Respectfully submitted, a„ P2-4,16—_– /ce A./Parker City Manager Attachments OFEtc. Memorandum . j City of Elgin °r.iFcs. August 24, 1998 TO: Joyce A. Parker, City Manager FROM: Eric S. Stuckey, Assistant City Manager SUBJECT: Appraisal of Southeast ROPE Site (502 Raymond) Attached is a copy of an appraisal performed on 502 Raymond Street for Elgin Financial Center by Neil Steffens& Associates. The appraisal states that upon completion of the rehabilitation that the property would be valued at $126,000. Should you have any questions or need any additional information, please let me know. Respectfully submitted, Eric S. Stuckey Assistant City Manager Attachment r ' Aug-21-98 04:08P Elgin Financial-Larkim 847 622 8826+ P.02 � / ii9ft s • `d� N.Stetf' &Associates,Ltd.; Complete-Sum �.ry Report iperry Description ....dFORM RESIDENTIAL APPRAISAL RE_,RT File No. 10085 Pmp.rtyAda.as 502 Raymond St. COY Elein Slats IL Lip Code 60120 • L..pio.anlpton PIN 0624178017 co.,* Kane .� Ass•saor.Parry No 0624178017 Tao Y..r 1996 R.E.Tues$ 1,755.39 Spacial Assessments i None ltcrrowe Neiehboorhoo Fjousing Pri(Ct Ghent owmar Martinez oca pee X I own« ! 1 Tenant I 1 Vacant ' Properly rlgnta appraised I X 1 Fee Simple I 1 La.M01d Proisd Typo PUO I Cor.drmnium(HUDNA Dory) HOAS N/A dao NeghborhoodorProlwName MapR.fwance _16430(Kanel CenaueTrad 8514.00 sr.one. s 112,000 oar.of X5/98 D.wgelon and S amount of ban eerence onuasbna to be pant by oder Lender/Client Elgin Financial Center Add�a 1 95 Latkin_Ave. Elgin,IL .69123 APwe,« ran M.Stewrt Adams N Steffens&Associates.Ltd.• 1245 Larkin Ave. Elein_IL 60123 Laouon 1 I Urban rX 1 Sudxben } Rural Pmdominanl Single limey housing Praant land a.e% Landis.clone. Bulk up [X]over 75% C 25-75% I Under 25% 'oreuPriY 5(single (yrs) One Family 4 l n Not Llkry Lduy Grown,alae r]Rapq I X,suer ❑slow I fOr�X own« Q Low AGE ; 2-4 tam 2 I _J u process ` Propetyvwss ❑Ir.u.akp I�StrK. ❑D.cr.n9 UT.nr.t 1 0 HI.n ' mufti-tansy 10 To DrrnvndrwpvNii–itowage r�In balance j On.r supply !©v.ryn(0-5%) PRICEt:'.7.11 ww«n,orn ca,vn.rar 30 b'f^ Marketing tine X Under 3 ma. se mos. r7 Over a mos. I IT Vacant(over 5%t'1 1 0 75 Nota•.Rae.and the racial composition or dee neighborhood are not apprelal factors. N Neighborhood boundere.anednar.ct.d.UC: The subject neighborhoodis bounded to the north by Chicago Street,to the east by Liberty .:P Street.to the south by Lake Street.and to the west by the Fox Riv_er. G. Factors that effect Sr. marketability of the properties in Sr. neighborhood (proximity b employment end amendias. employment stability, appeal to market. etc.): B 'l'he south central section of Elgin has a variety of older housing types and styles.Small retail,offices,and commercial R properties are within 1/4 mile,The Grand Victoria riverboat complex is 114 mile northwest.Schools,parks.employment, H and otbs."amenities are in the immediate area.Some 2 unit properties have been converted to single family usage. 0 0 9 111 Market condemns In the subject neighborhood (including support for Me above conclusions relined to to Said of property value., demand/supply, and marketro line - - aid, ee data on gwmpatOrve propenla for sale In the neighborhood, description of O» prevalence d taloa and financing concessions. etc): 1.+ Market conditions are in balance with a complimentary supply of available listings and potential buyers. Seller paid points ;4 and sales concessions are not prevalent in the area.Currently.30 year fixed rate mortgages are available between 7%and ' 7.5%with no points. a`1t 171 Rt Project Information for PUD. (If applicable)-is the developer/builder M control of One Home Owners'Association(HOA)7 I J Yes L__1 No D Approximate total number of Linea in the subject doled N/A Approximate told number ol units for sale n the subjectprojed N/A Describe common.rments and recreational reeR.a: N/A Dknar.elons .. . . 2LSx66Rx132RS Topography Slopes to Rear Sola area 8712+/-sq.ft. Comer Lot F. Yea No size Typical iitl Specie zoning classification and description RC3,Residential Conservation District snap. Rectangular it Zoning rerr.pkanca ® Legal C Legal nonmnfamk.q(Grandalnred tea.) LIllpr IN No zoning Dralnp. Appears adequate elk ny Highest 5 bast a.es Improved: I—IPraentuse X omruAsp•alt 1. amResidence view Residential 8_ UOetle. Pubic Other off-Nu ImprovementsType Pubdc Private Landatapi g Trees and shrubs 1; Erddcily Steed Other [X] I_ Dir way silica Concrete Awr Gas I pub' m« n Concrete al :: Apparent easements Typical Utility f war X 5.dewr1J .lk Concrete I Pi PEA/A Spaad Flood Hazard Area U Yea LX,No , Santry sewer ] St,eet lynts Incandescent 1-X1 ,__I FEMA zone lone C Map Dau 4/17/84 stone newer I X1 Airy None f 7 FEMA Map No. 170087 0007D Comments (apparent adverse easements, encroachments, apodal assessments, sad. an... Illegal or legal nonconforming zoning u.., etc.): The site is r typical for the neighborhood with no adverse easements,conditions or encroachments noted.The subiect is currently a vacant 2 unit building which has zoning for sjnpl_a family as well. 3; GENERAL DESCRIPTION EXTERIOR DESCRIPTION FOUNDATION BASEMENT INSULATION `•16 No.0Unita One Foundation Blk/Concrete Slab Qd/ Arse Sas.Ft. 1075 Rod (_] E No al Sales Two Exterior Walla Frame Crest Spate 0% -%FI 30%SemiFin caro n B Type(Da1ALI Detached Roof Surface Asphalt Sh le Beeanw 190% Ceding Prtl Suspnd. was ri Rasisn(Sm•) 2 Flat Guitars aor.up •mP e. Aluminum suinepNone Seen walls Concrete Floor ❑ -1- Eortnypropo.ed Existing wrd.wTrw Double Hung_ Drnpn.e. None Evident Floor Concrete Nor» Lj Awmsa 98 Stormia eons Combination Salu.m.m None Evident ondeia.Enery Yes Unknown IL] Fir. Erre n.rs) 35-40 Ltenutad xedHues. No _nrrallon Roachees iti, ROOMS Foyer Living Dkumg Kitchen Den Family Rm. Ree.Rm. Bedrooms a Bans _ Laundry Other Arita Sq.Ft ,.i Basement 1075 aFP Level1 1 1 3 1 1075 1iii Level2 1 3 1 961 F M P. Finished arse above grad.contains: 9 Rooms: 6 Bedroom(s1: 2.00 Bath(s): 2.036 Squ.m Feet of Gras LNng Area R O. INTERIOR MaterialaConddlon HEATING KITCHEN EQUIP. ATTIC AMENITIES CAR STORAGE: V• Floors Carpet Type GHW Refrigerator p None Fnpl.c.(s)a I— Nae n E. ilii Walls Plaster Fuel Gas Rapalovan Li stars Patio C Gange ad can — E TANFnir, Wood/Avg coa Average .,ow pDrop stay (] DeckH Adorned 7. Beth Floor Vinyl mm COOLIYG Dishwasher Sam. }X^'�IJ Porch Enclosed (X:: Detached 2 Car A:: Bath Wenaca Ceramic Central NO FanlHocd '] Floor Fence nBud-I. . ' Doors W�Od Omar No Mkmwene ' Hated t� Pod r1 Carpal ''}yz` Averaee surface conditions condor.N/A washenOryer L I Finished T I 1 Driveway I.; Additional tear.. (opeaal envy .agent dem.. oro.): The subject will have new interior and exterior paint.fencerefinished floors,new -ccarpeting.new interior doors,repaired porch,remodeled bathssecurity system,and some landscaping. O Cardron of the Improvements, depreciation (pny.rul. Anebmr4 and .otemaf), mean needed, quality of construction, remoddlnyeddrons, am: No necessaC Phi repairs were noted.There wer no apparent functional or external inadequacies.2-100 CB electrical services.2-40 gallon rillik E water heaters.The basement had 1 semi finished room with a suspended ceiling and an antiquated bath,No value is 4 attributed to basement finish_and bath. T. Adverse efwkanmetdal conddiona (suds as, but not linseed to, hazardous wastes, toxic substances. etc.) present in O» improvements, on 1M site, or at the 'mmeawe Mindy of the subject property.. There were no visible adverse environmental conditions noted during inspection of the - property. FH.dd.M.c Form 70 043 12 CH. PAGE 1 OF 2 Fannie Mee Font 1006 8-03 N.Steffens&Associates,Ltd. Aug-21-98 04:09P Elgin F inancial-Larkim 847 622 8826+ P.03 N.Ste!' 1&Associates,Ltd.•' Complete-Suit ary Report • 1.1n-cORM RESIDENTIAL APPRAISAL REPL,...i. File No. Ill Vidualiort Seal 011 r -3 25 001 Corrorants on COO APi....th OW, 00,, w.C. d cost 'odor*.ESTIMATED SITE VALUE site value, sebum fool ,a1,-,1.14. and for HUDL VA end Filets, Pe I ' ESTIMATED REPRODUCTION COST-NEW-OF IMPROVEMENTS a• estimated nmalnio economic Ole of dal Protain: Estimated •', Dwelling 2.036 sancta* 75-$ 152.700 r .. . Sq.Ft SI 3 10- 10.750 gleePtrh7). Ef 1a•Ii°niet'v •e is s .-". ._ 'd'iv'd . . a1l he co . ir%. 'ee Life p; Co/age/Cm port 400 Sq.Ft ES 3 18- 7,200 equals Accrued Depreciation. _ : Total Estimated CON New -S 170.650 Less Physical Functional External /3.'• Oureclegon 73.650 1 ___ I •s 73 651 •S • I I I,Depreciated Value ol Improvements if. . 5.op•-......wk..or Sas Improvements -. a 3 # INDICATED VALUE BY COST APPROACH 127,000 •s 127 00/ ITEM I svatEcr COMPARABLE NO.1 COMPARABLE NO.3 COMPARABLE NO.3 ill 502 Raymond St. 85 S.Liberty St. f 25 Villa St. r 54 Villa St. ki .... Elgin.IL I lgin.IL !gin.IL Elgin.IL !,,,I. •. to . • 1.:I.•F•IiltbIt74F1114W ,„( (4 If ilep..,,,-.. - Saks Price 3 Pnce/Gross LN.Area i i 112000 i,,::;-.;.' ,h,4' s 55.01111$ Is/4LsmNilei n.rd....sag 116,010'.:-..-e•Ji.,--•---- I-V,d s .,....„,; :1,,1.,j74....rwle nort,,,h;s1 124,091,i,-r,••..,....--. s 121.001 .00 V.-."- - t,-, Clala androt nspection 59.61 11•Ilf-,•:•:'.."s'../rIl•''.! 71. 1 U1'-ii-n• 0 RMINI"'VerelcatIce Source ..,.I..e Record 'VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION Inflenell DESCRIPTION illrill '(3 ES.CRIPTION ...J1 L':i S.4.c.Fm.ong tgiav-frl._ ., . onventional onventional onventional :„•,..s. Conouslons • • I on 1 ..rted of.: •e.ort-cl .n- t. sorted DaleSNefTen• MEEZMICEZ.:/2./97 I I.11/10STE • $ ': I t....n ol .1, Locallon 'Avera Laasenoldifee San. 4 ra e ee i „le SU Vow ...I. Semi Busy e im.le Fe i :2 :usier •V. a•' . • . 29 +4.000Busier st/G..d .v•ra• +4.0006:13u. +4,001 Sier 1 ' .rian/ '1 Des.n end •• r S . / 001 *9/ 00. ' Clued of Construction 71/11M2!Mill Frame/.VI A9.C.ondition Abode Grade • siikV• -98/E -40 SiiiiiiniMMINI.i.5.01, 800t:1, 4 Tom i Moo. Baba TOIL• Barn 000,.000,. Total, Bow Sobs • r/MINNMIIIIIIMMII 10 oo -verags ' 00d. Nur• bops• gains Roan Count 9 • , .00 : . 4 2 . 4 , LI +1,00. 9 4 , 2 Grose Living Asen 203. Sq.Ft. 194. Se.FL + 81 I, I 7 4 51.rt. +6001 2 00 S•11.Fl. •1301 Basement L Flushed Full I 1111 tell I WI Room Below Glebe nfinisb d ntinished Unfinished Unfinished ' f Imogene!Maly 'verage •verage •verage •verage CI' • one . WI •ne . ,WIN.,. I one •. r C.T i.',• f . L...1 EMS. ncl Porch,Prch Decks 1 FP '1 P _2 001 o.ne/ 6".le . EMEINN.rirffliiii -• NmAdi.•••••4 I one i one Y,- ':E4f',#AMT,I4011.•' X • I-. 3 •••-::.1.,Sx:- 'in.'t El AdPaea Sae.P6oe ,;(bi iegri, phi,. Gross II.0% / at • ,le Porch,Balcony arria•- House 8.800 Xi • I. - 3 Gross 13.7% , .. /N. onWe -3 01 or • . age -2.00 laFepck,Porch enc -1.000 arriage -loyse ' 5.000 1_. ix I-. 3 Gross 8.5% -2 000 -1.001 -2311 1:,. of C.N.rabr ,;7" : : ".':5.7..:-..-1 Net 7.6%$ 124.811 Net 4.0%s 129.000. Net_-_1.9%1 118.701 Conlaoloall Oft SON. Conuarteon (Mcluding Pe Pled propemes corroatibaly 10 the nughburroxl, elL): All sales are 2 story single family homes within the subject neighborhood.GLA variances were adjusted at$10 per square foot rounded.Sales 2 and 3 have finished are.. •v ._ara_gs space.All sales were_adiusted foritonting.basier streets.while the subject is on a semi busy street.The ' subject is being valued near the high end of the range of value as it will have significant modernization -45 0.1 ITEM 111112=11.1 COMPARABLE NO,I COMPARABLE NO 1 COMPARABLE NO.3 r °Me,PO‘o Ira Dota I one recorded I one recorded None recorded one recorded .14 Source,for prior sales f•-.... within year of apprelsel I rAnalysis Of any Dowd egreantent or sue ouzo or Pain Cl Pe subtract propel,.and 11111Hysta of wry pnor sates a toned end comparables wino one year al do data of approaat Th •u. c wa 'sled f. •le a '• 4 •00 for 4 days. It isunder contract to purchase for •1 101.The • o •.w -) ..tion .e•."•! E., INDICATED VALUE BY SALES COMPARISON APPROACH s 26 MI INDICATED VALUE BY INCOME APPROACH (I Am:riot:41 Estimated Mantel Rent S No z Grose Rent Mut.1100 e$ _ 9 A ki nos appraisal ja nude L 'as is" ix ablibecl to Me repairs,ellersions,Inapectimil or ocorlaions SOW beau Li sul)sci to COMMellOn pea plane and speaker:one CondNces ol Aptulul: The property is being appraised subject to completion of the renovation which includes the removal oche second flo. ki , a . a he. list.f* . rhan•comadko Most consideration_was given to the sales comparison approach as it is based on the actions of buyers and TS.1 , Mr , Tie . ,..r.,t• los.1 s.... s i •••r d. 1. I' . C.u 1.. oa wa o ed . a he 1.c. . 'lb tt.ld, TN.porous 099.0 Vp....11.1 o mtimalle am rrtrobe vow of lits reel property 0101.1 Pe Isulovec I X Mu wail,tmsaal on Pe More obridgems end Pe canalcation.contingent and Orebro condltum,we market value otenrion ma MI Kited In Um Weaned Freckle Mac Forrn 439/Fenno Mae For'1004E1(Revised June.1993 i• I(WEI ESTIMATE THE,MARKET VALUE.Al DEFINED,Of THE REAL PROPERTY THAT IS THE SUBJECT OF HIS REPORT.AS OF May 26.1998 (WHICH IS THE DATE OF INSPECTION ANO THE EFFECTNE DATE OF THIS REPORT) TO BE i 126,000 APPRAISER:ztuet 46... A.....,,,, SUPERVISORY APP 4', 0. ,..-• 0 : r , ........ Nom. Grant M.Stewart .,.. $. Name Neil Ste •7 '-* 7 El Nano Inspect Prawns Cele Repot Signed May 29.199Doe Regionea State CHLOcadon d 156-001771 sm.., IL_ atm.c..4$ • 153-000300 sista IL .:,.' Or Siete License• Stare Or Stela Lion.,111 Stab . /1.008 Moe Fon.TO e45 l2Cla PAGE z of2 Fame MN Fcan 10P4 643 N.Steffens&Associates,Ltd. •I .' Nei hborhood Housin Services of El in, Inc. •♦ *', �• 300 Douglas Avenue •4 Elgin, Illinois 60120 s 847-695-0399 :• Fax 847-695-7011 • �.,.� �• 4 Mission Statement August 20, 1998 To renew pride,restore confidence, promote reinvestment and revitalize the NHS neighborhoods through the efforts of local residents,financial James Lamkin Deputy Chief of Administration institutions,the business community, foundations and local government. Elgin Police Department 151 Douglas Ave. Board of Directors Elgin IL. 60120 Officers Re: Rent on 502 Raymond street President David Towe Dear Deputy Chief Lamkin: First Vice President Sheryl Traficano Pursuant to our conversation Friday August 7, 1998,I am writing this letter. Second Vice President Neighborhood Housing Services agreement with your department and the Rhonda Pokoj City of Elgin is as follows: Neighborhood Housing Services would acquire Treasurer the property and then rehabilitate the unit to rent to one of the community c Stuckey ROPE officers and his family. The City of Elgin would cover our cost of the lim‘ mortgage and tax payments in their monthly rental agreement. The ROPE Secretary officer or the City would cover the cost of utilities for the unit. Marc Falk This property was a two-unit building, which was chosen by your department Directors as a strategic corner location for a ROPE officer site. The property is located Anne Anderson in the Southeast neighborhood which has not seen much multi-family Sheri Buttstadt conversion activity, as evidenced by the City's offering an additional$3,000 incentive. After difficult negotiations, we purchased the property at the Jack Darr advertised price. We are now in the process of rehabilitating the property. Jeffrey Gocken This includes the interior, exterior, garage and fencing, along with the Denise Harding-Hopkins additional specifications that the Elgin Police Department requested. Larry McMurray Cherie Murphy I have enclosed a copy of the note and the closing statement showing the Bob Richardson interest rate and tax payments, along with the three bids received for this Lynn Robinson work. If you need any additional information please feel free to contact me at Jim Schneff (847) 695-0399. Karen Schock Adam Schuessler Sincerely, Jose Zavala ecutive Director ems, on rerry L.Ecton Exe ive Director NeighborW rks• Building Pride,CHARTERED MEMBER City-wide! Attachment A- NHS Letter and Property Cost/Rent Breakdown • 502 Raymond Street Cost Analysis rbk Acquisition Costs: Loan Amount $125,500 Purchase Price (113.000) Net Cash at Closing $ 12,500 Multi-Family Conversion 15.000 Total funds available for rehab $ 27,500 Rehabilitation Costs: Contractors Bid - A.J. Maintenance $ 25,485 (Lowest bidder of three bids received) Appliances 2,000 (range, dishwasher, air conditioner) 10% Contingency 2,548 Total Rehab Cost $30,033 Net Loss to NHS on Purchase/Rehab $ 2,533 Monthly Rent Calculation Principle and Interest $ 793.25 ($125,500 loan at 6.5%for 30 years) Taxes 200.17 Insurance 41.83 Total Expenses $1,035.25 Monthly Rent Charge $1,000.00 —...hie---14 I it LI I Li ' i ,,.., i L L 1 t_. "simmi.v.. ,____'-' • f = . •URI .51----• - w 6 17, , , -;..ii • i ! -.Y•--- 1.-• ; •c=, 1= ' or __a t= FOST }--- I A\ : • a es I s ° I –- !c-3 r=, — S CD Se LID 2; ...••- a- ---- • I. -"S. 11111111 ‘g. AI" 5,115111 L . . ' = c ' -----'114i -----F----- - u. WV - . ,-. - ••• - - 1 AV v. a l II I 0 k. -Co Idi r:?< - ! Pi->- i ; ST 11 h L__ ; ...„, {) 7- i:' .... _rl_I Y.:7.,,..4:-S..I.:..'":•*.:::::1.:-i: .•. t-•ot O 1 r p i'', ' ' • 41it AM, sum.. A . LT 0 N I'Lj. • = 1 ...;..cc! - - rl 1 •! .• am' 1 . • ".• •- • r., °' • . = 1 i...•.....4..: 'Park:..] ii_t_' t• LLIS Viji, • 74o . x_. ST 17 -C HA N-iki I flr ST Y., - 0 i co I 1:::::.E.LA.:•:.::1.:::. - t cc t IDDLE 0,%\,.\.s . 4. j:m;,•,,,,-... ,- ,..! 'a AMP — ':--.1.=.• .. ...- •— --...-. -...1 C:;) • 1' - .nc:C C-1 C/, , CO i LAURELS If.' 'SP ,.._ . . r--- • \\ 4. • i ff. •;:::-1 4.,.\. \\. :.: -STE LA CT -1:-.,.• .. ..-.- . 1 <c STELLA ST ,..,,, \ •\- -... . cc' \„\\.,e Q..' = i , — ib-...•:42;.-v-. -, , . - gra ;--:,•;.!,.._...: .. <1, I ‘•R. .:.::.:.›,-,: r. --) Ce G • i. 1 *-... ,... q.:.: 49 .,...,.... .. . . ......-..' • -- -\ 7. ST ' PE CT V:: :i.\.-: \ . .4••• k. ci) Ci) S T 1.1-':lits:.';;'•''• .•\ \\ s...;•\.-t• ,..- n..,iN..... ot•/e4.- - . !.,''1' 4. '-,•-cI\!:fer40L- .C.s\9,.••%..•\ i IC . _ r __ _ /q • .7,47.6r.:-.. ; \\*::____\.\.• \ . • cs 1 ISHERIAF 1171, 1 1-.... II \\,,,,.\ 1 1 c.n 1 ce •-ki '‘ I .: • -. -.;a-,. ,..p: ,‹ ? ,.. ,. Q,CD ''-- • EG - ' it r -\\\!Pg•r,Ft.A: . r.:,...- S\-W . \S s. v:_ i • i CONbRE ,= , $. ATION\ ' I '0.Z. v., --A -- i , • i . S I • i i'..-Tiib.:.-. tr..\\• \. ;\ \ - ri. T , --- ‘ 13 EN \' "--, I • it . \\ \' tiESASN DEN i j ja. K., • 1 1 • •• I CA I ; • r. f 1 , c:3 I"' 1 HAFMING S'i • . ;).. \ -,- . ;...-. :t .• :-., \ Ica . • 1 i.....1 - , N% , ‘ I -. 1 , r _ ..\_ ss\ ,%. \ Di , ... _ ... - i • , s‘ 1 " OirAi ' M AY ) , \ ,,, %,, cc ki--, i ; • < 1 i \ 1.--- . :AY • ST Vtilli.. .f.• I R litY 1 1 \ C.0 I 'C24 . Fi, a:A i / e,;:f ,. \ 1 . . , G, '--; . . MI 'EU , . , . , , 1,J 1.‘ ' • ‘ C, kr .., 1 : i I 1 i i , I. );:i. t=t ir-/D 112 ' r------• Cz- 1 1 \ LLJ i , . ;' • z,.. ...........,....___..._—......---- \ C.) \7. Is . r Ii 1..P. - % 1 _ !.. ....*-44// /: tip . ./1.1 -fac? CV.T• 6., 1 i 1:• J A Y rrl .II....: ! :---i ,_---I ;I//I " i * 1. \° 1 P —k - 1 . -,....,,.;,:. . SO STEli Aliviwkir‘ I. ft cilii___-1- AST1N GS .ci) i — -::::'.3-::,- , ;•,%-4..!-,. - ' . .....4 G r al i ch -,;i1*:114. '' '%1 . ,I 11 rt------ --ci-‘-p----7 :0., -. , M % • 41,--,---..ii..:--z-,..„----,--.......- .. 1.• sv-.1k5 : • OW 1 GHT --4 1 *—.4 S I . . '''''-''.---.'-‘..4".L.-.e....,. . i- a rk,. \,%\, • : ..________ _________ ,______._--. , • , , . f ; ,, . . .. . ------7 . ,_ . ._ _. . ,:..........„, . %. -..... / •.r. ..- . ...„.. / f .. .. _ . -4. . ...../‘`.\ . , ------------- , . • • , _ . . _ _ . . i Attachment B - Loan Note and Settlement Statement CORPORATE FORM • • ADJUSTABLE RATE LOAN NOTE LN# 202601771 NOTICE: THIS NOTE CONTAINS A PROVISION ALLOWING FOR CHANGES IN THE r"' INTEREST RATE. INCREASES IN THE INTEREST RATE WILL RESULT IN HIGHER PAYMENTS. DECREASES IN THE INTEREST RATE WILL RESULT IN LOWER PAYMENTS. Words, numbers or phrases preceded by a El are applicable only if the n is marked, e.g. © . June 8, 1998 ELGIN ILLINOIS (Date) (City) (State) 502 RAYMOND STREET, ELGIN, IL 60120 (Property Address) 1. BORROWER'S PROMISE TO PAY In return for a loan that I have received,I promise to pay U.S.S 125,500.00 • (this amount is called "principal"), plus interest, to the order of the Lender. The Lender is ELGIN FINANCIAL CENTER, SB I understand that the Lender may transfer this Note. The Lender or anyone who takes this Note by transfer and who is entitled to receive payments under this Note is called the "Note Holder." 2. INTEREST Interest will be charged on unpaid principal until the full amount of principal has been paid. I will pay interest at a yearly rate of 6.500 %. The interest rate I will pay will change in accordance with Section 4 of this Note. The interest rate required by this Section 2 and Section 4 of this Note is the rate I will pay both before and after any default described in Section 7(B) of this Note. 3, PAYMENTS (A) Time and Place of Payments Olok I will pay principal and interest by making payments when scheduled: (mark one) n I will make my scheduled payments on the first day of each month beginning on August 1, 1998 (l I will make scheduled payments as follows: I will make these payments as scheduled until I have paid all of the principal and interest and any other charges described below that I may owe under this Note. My scheduled payments will be applied to interest before principal. If, on July 1, 2028 I still owe amounts under this Note, I will pay those amounts in full on that date, which is called the "maturity date." I will make my scheduled payments at ELGIN FINANCIAL CENTER, SB 1695 LARKIN AVENUE ELGIN, ILLINOIS 60123 or at a different place if required by the Note Holder. (B) Amount of My Initial Scheduled Payments Each of my initial scheduled payments will be in the amount of U.S.S 793.25 . This amount may change. ,TISTATE ADJUSTABLE RATE LOAN NOTE Great Lakes Business Forms,Ira ITEM 7346L1 (9312) (Page 1 of 4 pages) To Order Call: 1400-530-939M Fax 616-791.1131 (C) Scheduled Payment Changes Changes in my scheduled payments will reflect changes in the unpaid principal of my loan and in the interest rate that I rmust pay. The Note Holder will determine my new interest rate and the changed amount of my scheduled payment in accordance with Section 4 of this Note. 4. INTEREST RATE AND SCHEDULED PAYMENT CHANGES (A) Change Dates Each date on which my interest rate could change is called a "Change Date." (You must check one box and fill in the appropriate information) El The interest rate may change on the first day of the month beginning on August 1, 2005 and on the first day of the month every 12 months thereafter.. E7 The interest rate may change on the day of the month beginning on and on that day of the month every months thereafter. n The interest rate may change (B) The Index Changes in the interest rate are governed by changes in an interest rate index called the "Index." The Index is the: WEEKLY AVG YIELD OF U.S. TREASURY SECURITIES ADJ TO A MATURITY OF 1 YR e most recent Index figure available as of the date 0 45 days n 75 days before each Change Date is ailed the "Current Index." If the Index is no longer available, the Note Holder will choose a new index which is based upon comparable information. The Note Holder will give me notice of this choice. (C) Calculation of Changes Before each Change Date,the Note Holder will calculate my new interest rate by adding TWO AND 750/1000 percentage points ( 2.7 5 0 %) to the Current Index. The Note Holder will then round the result of this addition to the nearest (You must check one box and fill in any appropriate rounding value) none-eighth of one percentage point (0.125%) • • 0 NO ROUNDING of one percentage point( %). • Subject to the limits stated in Section 4(D) below, this rounded amount will be my new interest rate until the next Change Date. The Note Holder will then determine the amount of the scheduled payment that would be sufficient to repay the unpaid principal that I am expected to owe at the Change Date in full on the maturity date at my new interest rate in substantially equal payments. The result of this calculation will be the new amount of my scheduled payment. Great Lakes Business Forms,Ira ITEM 7346L2 (9312) (Page 2 of 4 pages) To Order Call: 1.800.530-9395] Fax 616-791.1131 (D) Limits on Interest Rate Changes The interest rate I am required to pay at the first Change Date will not be greater than 9.000 % or less than 6.500 %. Thereafter, my interest rate will never increase or decrease on any single Change Date by more than ONE AND 000/1000 percentage point ( 1.000 %) from the rate of interest I have been paying for the preceding period. (You must check one box and fill in the appropriate limit(s)) Fl My interest rate will never be greater than %. FT My interest rate will never be greater than 12.500 %or less than 6.500 ;"o. (E) Effective Date of Changes My new interest rate will become effective on each Change Date. I will pay the amount of my new scheduled payment beginning on the first scheduled payment date after the Change Date until the amount of my scheduled payment changes again. (F) Notice of Changes The Note Holder will deliver or mail to me a notice of any changes in my interest rate and the amount of my scheduled payment before the effective date of any change. The notice will include information required by law to be given me and also the title and telephone number of a person who will answer any question I may have regarding the notice. 5. BORROWER'S RIGHT TO PREPAY I have the right to make payments of principal at any time before they are due. A payment of principal only is known as. a "prepayment." When I make a prepayment, I will tell the Note Holder in writing that I am doing so. I may make a full prepayment or partial prepayments without paying any prepayment charge. The Note Holder will use all of my prepayments to reduce the amount of principal that I owe under this Note. If I make a partial prepayment, there will be no changes in the due dates of my scheduled payments unless the Note Holder agrees in writing to those changes. My partial prepayment may reduce the amount of my scheduled payments after the first Change Date following my partial /'`payment. However, any reduction due to my partial prepayment may be offset by an interest rate increase. EE 6. LOAN CHARGES If a law, which applies to this loan and which sets maximum loan charges, is finally interpreted so that the interest or other loan charges collected or to be collected in connection with this loan exceed the permitted limits,then: (i) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (ii) any sums already collected from me which exceeded permitted limits will be refunded to me. The Note Holder may choose to make this refund by reducing the principal I owe under this Notice or by making a direct payment to me. If a refund reduces principal, the reduction will be treated as a partial prepayment. 7. BORROWER'S FAILURE TO PAY AS REQUIRED (A) Late Charges for Overdue Payments If the Note Holder has not received the full amount of any scheduled payment by the end of 15 calendar days after the date it is due, I will pay a late charge to the Note Holder. The amount of the charge will be 5.000 % of my overdue payment of principal and interest. I will pay this late charge promptly but only once on each late payment. • . (B) Default If I do not pay the full amount of each scheduled payment on the date it is due,I will be in default. (C) Notice of Default If I am in default, the Note Holder may send me a written notice telling me that if I do not pay the overdue amount by a certain date,the Note Holder may require me to pay immediately the full amount of principal which has not been paid and all the interest that I owe on that amount. That date must be at least 30 days after the date on which the notice is delivered or mailed to me. (D) No Waiver By Note Holder Even if, at a time when I am in default, the Note Holder does not require me to pay immediately in full as described e, the Note Holder will still have the right to do so if I am in default at a later time. E) Payment of Note Holder's Costs and Expenses - If the Note Holder has required me to pay immediately in full as described above, the Note Holder will have the right to be paid back by me for all of its costs and expenses in enforcing this Note to the extent not prohibited by applicable law. Those expenses include, for example, reasonable attorneys' fees. Great Lakes Business Forms,tra ITEM 7346L3 (9312) (Page 3 of 4 pages) To Order Cali: 1.800.530-9399 Fax 616-791-1131 8. GIVING OF NOTICES Unless applicable law requires a different method, any notice that must be given to me under this Note will be given by delivering it or by mailing it by first class mail to me at the Property Address on page one or at a different address if I give the Note Holder a notice of my different address. Any notice that must be given to the Note Holder under this Note will be given by mailing it by first class mail to the Note Holder at the address stated in Section 3(A) on page one or at a different address if I am given a notice of that different address. 9. OBLIGATIONS OF PERSONS UNDER THIS NOTE If more than one person signs this Note,each person is fully and personally obligated to keep all of the promises made in this Note,including the promise to pay the full amount owed. Any person who is a guarantor, surety or endorser of this Note is also obligated to do these things. Any person who takes over these obligations, including the obligations of a guarantor, surety or endorser of this Note,is also obligated to keep all of the promises made in this Note. The Note Holder may enforce its rights under this Note against each person individually or against all of us together. This means that any one of us may be required to pay all of the amounts owed under this Note. 10. WAIVERS I and any other person who has obligations under this Note waive the rights of presentment and notice of dishonor. "Presentment" means the right to require the Note Holder'to demand payment of amounts due. "Notice of dishonor" means the right to require the Note Holder to give notice to other persons that amounts due have not been paid. 11. SECURED NOTE In addition to the protections given to the Note Holder under this Note,a Mortgage, Deed of Trust or Security Deed (the "Security Instrument"), dated the same date as the Note,protects the Note Holder from possible losses which might result if I do not keep the promises which I make in this Note. That Security Instrument describes how and under what conditions I may be required to make immediate payment in full of all amounts I owe under this Note. Some of those conditions are described as follows: Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest in it is ,old or transferred(or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lender's prior written consent, Lender may, at its option, require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this Security Instrument. If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. Borrower has executed and acknowledges receipt of pages 1 through 4 of this Note. WITNESS THE HAND(S)AND SEAL(S) OF THE UNDERSIGNED. cSeal) (Seal) NEIGHBORHOOD HOUSING SERVICES OF EragpfwelNcr -Borrower c..�t� (Seal) (Seal) /Luria. ID TONE, PRESIDENT -Borrower -Borrower (Seal) (Seal) -Borrower -Borrower [Sign Original Only] Great Lakes Business Forms,Ira ITEM 734614 (9312) (ppb 4 of 4 pages) To Order Call: 1-800.530.93911 Fax 616.791.1131 . Form Approved 04.3 NO.25M-0265(Rev.1.92) A. U.S.DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT B.TYPE OF LOAN . SETTLEMENT STATEMENT rMooAttorneys' Title Guaranty Fund, Inc. Homo1. O FHA 2 0 FMHA 3. m CONV.LININS Office Chicago Office Belleville Moo Oakbrook Office 7401 slier Mrs errhM Nal•Fal Root 525 Wool Men,Sd i 100 17 W.20022nd Wel 4. Cl VA 5. 0 CONY.INS. P.0.11exSIM 21LIaSa0.Moat B.tlsvlb,462220 OdlrsokTwna,L60111 CMsgetp4,4614214131 c1 a Lf06034507 (611)2/74440 (701)141.1590 (217)39.2100 (312)3724761 6. FILE NUMBER: 7. LOAN NUMBER: Tamer La Nal 37-1222020 OMC 10061298 20-260177-1 In Illinois,call toil froc(800)252-0402 a MORT.INS.CASE NO.: a FAC No.: 1102363 C. NOTE Thls form Is furnished to give you a statement of actual settlement costs.Amounts paid to and by the settlement agent are shown.Items marked"(p2.e.)"were paid outside the closing;they an shown here for Informational purposes and are not Included In the totals. i D.NAME AND ADDRESS OF BORROWER: E.NAME AND ADDRESS OF SELLER: F.NAME AND ADDRESS OF LENDER: NEIGHBORHOOD HOUSING EMIDGIO M. & ADELA M. ELGIN FINANCIAL CENTER SB SERVICES OF ELGIN, INC. MARTINEZ, 502 Raymond 1695 Larkin Avenue 300 Douglas Avenue Street, Elgin, IL 60120 Elgin, IL 60123 Elgin, IL 60120 FORWARDING ADDRESS: 645 Mark Street, South (847) 741-3900 Elgin, IL 60177 460-94-9847 G.PROPERTY LOCATION: TAXPAYER 1.0.NO.: 455-80_$244 E02 RAYMOND STREET H.SETTLEMENT AGENT. JoAnn Morrison Schmalz I.SETTLEMENT DATE: ELGIN, IL 60120 ' for ATTORNEYS' TITLE GUARANTY FUND, INC. JUNE 8, 1998 Kane County PucEOFSErTLEMEN1.Frederick J. Steffen 11616 2.30 p.m. 17 Douglas Avenue, Elgin, IL 60120 J.SUMMARY OF BORROWER'S TRANSACTION: K.SUMMARY OF SELLER'S TRANSACTION: 100. GROSS AMOUNT DUE FROM BORROWER 400, GROSS AMOUNT DUE TO SELLER 101. Contract sales price 113,000.00 401. Contract sales price 113,000.00 102. Personal property 402. Personal properly 103. Settlement charges to borrower pine 1400) 1.006.18 403. 104. 404. , 105. 405; Adjustments for Items paid by seller In advance Adjustments for Items paid by seller In advance rilk 106. Cltyfown Was b 406. City/town to 107. County taxes to 407. County taxes to • 108. Assessments to 408. Assessments to 109. 409. 110• Credit to Seller tor lost 600.00 4f0. Credit_from Purchaser for 600.00 111. rents 411, reuI5 112. 412. 120. GROSS AMOUNT DUE FROM BORROWER 114,606.18 420. GROSS AMOUNT DUE TO SELLER 113,600.00 200. AMOUNTS PAID BY OR IN BEHALF OF BORROWER 500. REDUCTIONS IN AMOUNT DUE TO SELLER 201. Deposit or earnest money 1.000.00 501. Excess deposit(see Instructions) 1 971y25 202. Principal amount of new loan(s) 125,500.00; 502. Settlement charges b seller(line 1400)N....... Ags-r 6'/' /a5' 203. Existing loans)taken subject to 503. Existing ban(,,)taken subject to (..tr.A/ / r r f r f 1 204. 504. Payoff of first mortgage loan * 16,907.69 205. : 505. Payoff of second mortgage loan 206. 508. Earnest money 1.000.00 207. 507• *to Bank One 208. 508. 209. 509. _ Adjustments for Items unpaid by seller Adjustments for Items unpaid by seller 210. CIty/town taxes to 510. City/own taxes to '' 211. County taxes in/98 b130/98 761.51 511. County taxes 1/1/98 to 4730/98 _ 761.51 212: Assessments to 512. Asbessments to _ 213. .' •, • , . 513. " real •state taxes: 214. 1st installment $.1143.83 PAID 514. 1st installment $1143.83 PAID 215. 2nd installment credit 1,143.83 515. 2nd installment credit ' 1;143.83 218. 518. 217. 517. r 218. . 618. A h/1 1.--4,r 219. 519. .21,736,28 220. TOTAL PAID BY/FOR BORROWER 128,405.34 520. TOTAL REDUCTION AMOUNT DUE SELLER ?7'OT'�ip7 300. CASH AT SETTLEMENT FROM OR TO BORROWER 600. CASH AT SETTLEMENT TO OR FROM SER l I 1 1 301. Gross amount due from borrower One 120) 114,606.18, LLE 601. Gross amount due to seller(line 420) 113.600.00 302. Less amounts p.Id MRor borrower(Una 220) (128405.34) 602. Less reduction In amount due seller(line 520) (/ / p /lP, 303. CASH(0 FROM)(3)TO)BORROWER 13,799.16 603. CASH(XI TO)(0 FROM)SELLER 37i?1?11? SUBSTITUTE FORM 1099 SELLER STATEMENT:The Information contained In Blocks E,0,H and I and on line 401(or,If line r 401 Is asterisked,fines 403 and 404)Is Important tax InlomaUon,snd Is being furnished to the Internal Revenue Service.If you Line 602''('21;736.28) are required to file a return,a negligence penalty or other sanction wig be Imposed on you If this Item Is required to be reported and the IRS determines that Ii has not been reported. Line 603 /91,863.72 SELLER INSTRUCTIONS:If this real estate was your principal residence,file Form 2119,Sale or Exchange of Principal Residence. A N)Nl/t',-1-z for any gain,with your Income tax return;for other transactions.complete the applicable parts of Form 4797,Form 6252 and/or f Schedule D(Form 1040). U.S.DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SETTLEMENT STATEMENT PAGE 2 • L. SETTLEMENT CHARGES 1%- $600.0PAIDFROM IFROM 700. TOTAL SALES/BROKER'S COMMISSION based on price / , , �- 1801 PAID S SID FUNDS AT Division of commission(line 700)as follows: 530 On SETTLEMENT SETTLEMENT 701. $ :l.,01)r to Casa Blanca Realtors � � 1 �_ • 702. S I I.11 to /,. ii17rn a s•r-aettrnr, 703. Commission paid at Settlement - balance f£,,,r_,-t 6/.180/00 704. P Aft/.it 530.00 800. ITEMS PAYABLE IN CONNECTION WITH LOAN 801. Loan Origination Fee 0.0% 802. Loan Discount 0.0% 803. Appraisal Fee to 804. Credit Report to • 805. Lender's Inspection Fee 806. _ 807. 808. 809. 810. 811. 900. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE 901. Interest from 6/8/98 to 7/1/98 ®522.660 bay (23 daysl 521.18 902. Mortgage Insurance Premium for mos.to 903. Hazard Insurance Premium for 1 yrs•to BORROWER POC • 904. 905. 1000. RESERVES DEPOSITED WITH LENDER 1001. Hazard Insurance mos. 0$ /mo. 1002. Mortgage insurance mos.0$ /m0. 1003. City property taxes mos. 0$ lmo. 1004. County property taxes mos.0$ /mo. • 1005. Annual assessments mos.0$ /mo. 1006. mos.®S /mo. ... 1007. mos.05 Imo. 1008. 1100. TITLE CHARGES rilk 1101. Settlement or closing lee to Attorneys' Title Guaranty Fund. Inc. 210.00 1102. Abstract or title search to 1103. Title examination to 1104. Title Insurance binder to • 1105. Doctiment preparation to 1106. Notary fees to 1107. Attorney's fees to Daniel A. Weiler Frederick J. Steffen POC 515.00 (includes above items No.s: ) 1108. nue insurance to Attorneys' Title Guaranty Fund. Inc. 160.00 I 493.75 (includes above items No.s: 1102 through 1104 inclusive ) '1-':• cr = ' 1109. Lender's coverage $ 125,500.00/$160.00 . •• 1110. Owner's coverage S 113,000.00/$493.75 1111. . 1112. EPA and VAR RATE Endorsements to A.T.G.F. 80.00 1113. 1200. GOVERNMENT RECORDING AND TRANSFER CHARGES 1201. Recording lees: Deed S 15.00 :Mortgage 520.00 :Releases S 15.00 35.00 - . 15.00 1202. City/county tax/stamps: Deed$56.50 :Mortgage i 56.50 1203. Slate tax/stamps: Deed $113.00 :Mortgage S 113.00 1204. 1205. 1300. ADDITIONAL SETTLEMENT CHARGES • 1301. Survey to Jerry Sonha 200.00 1302. Pest inspection to • 1303. 1304. 14 iv1 1111 r-,„rr 1305. 1.923 25 1400. TOTAL SETTLEMENT CHARGES{(enter on lines 103,Section J,and 502,Sectio,K) 1,006.18 (1/677/?7 I have carefully reviewed the HUD.1 Settlement Statement and to the best of my knowledge and belief,It Is a true and accurate statement of all r�and • „ysepunts rRade on ny� � me In this transaction.I further that I have received a copy of the HUD-1 Settle. `Statement �i� ry i - csi�• Y✓ices� g / ,/ /�lS4(-4. • -il C. -���p P, �'lil \4 !7 ' r Bongs 58llers The HUD-1 Settlement Statement which I have prepared is a true and accurate account of this transaction.I have caused or will cause the funds to be disbursed In accordance with this statement. June 8. 1998 Settlement Agent Dale WARNING:It Is a crime to knowingly make false statements to the United States on this or any other similar form.Penalties upon conviction can includes line and Imprisonment.For details,see Title 18,U.S.Code.Section 1001 and Section 1010. • H.U.D. SETTLEMENT STATEMENT . Form Approved OMB No. 2502-0265 I have carefully reviewed the HUD-1 Settlement Statement and to the best of my knowledge and belief,It Is a true and accurate statement of all receipts and disbursements made on my account or by me In this transaction. I further certify that I have received a copy of the HUD-1 Settlement Statement. /41: 9 Z20614-- / . 4f _4jt rrowers Sellers The 11,013.t—Se em: t Statement w ich I have'prepared is a true and accurate account of this transaction. I ha): .used or will ca •: the fu • to be disbursed In accordance with this statement. a�//f // June 8, 1998 l:m• I �:nt / Date WARNING: it is a crime to knowingly make false statements to the United States on this or any other similar form. Penalties upon conviction can Include a fine and imprisonment. For details,see Title 18,U.S. Code,Section 1001 and Section 1010. Taxpayer Identification Number Solicitation • You are required by law to provide the closing agent with your correct taxpayer Identification number. if you do not provide the closing agent with your correct taxpayer Identification number, you may be subject to civil or criminal penalties Imposed by law. Certification - Under penalties of perjury, I certify that the taxpayer identification number and address shown in Box E of this Settlement Statement are correct. Aur Seller, m1 go ' . 'ar in• - Seller, Adela M. Martinez Forwarding Address 645 MARK STREET, SOUTH ELGIN, IL 60177 • 460-94-9847 455-80-8244 Taxpayer l.D. Taxpayerl.D. Special Instructions SELLER INSTRUCTIONS: Ii this real estate was your principal residence, file Form 2119, Sale or Exchange of Principal Residence, for any gain, with your income tax return; for other transactions, complete the applicable parts of Form 4797,Form G252 and/or Schedule;D(Form 1040). SUBSTITUTE FORM 1099•SELLER STATEMENT:The information contained In blocks E,G, H and I and In line 401 (or, Ii line 401 Is asterisked, lines 403 and 404) Is Important tax Information and Is being furnished to the Internal Revenue Service. If you are required to file a return, a negligence�penaly or other sanction will be imposed upon you IF this Item is required to be reported and the IRS determines that It has not been reported. ILIFITUN • Attorneys' Title Guaranty Fund, Inc. Attachment C - Rehabilitation Specifications t y') ( • ' Neighborhood Housing Services of Elgin, Inc. •• 300 Douglas Avenue ❖ Elgin, Illinois 60120 + 847-695-0399 Fax 847-695-7011 •st �• Invitation for bids on 502 Raymond Street Mission Statement Jul 8 1998 To renew pride,restore confidence, y f promote reinvestment and revitalize the NHS neighborhoods through the efforts of local residents,financial Institutions,the business community, foundations and local government. • Exterior work Board of Directors Replace rotten eves and facial trim Officers Patch siding as needed Replace old non-functional gutters and down spots President Paint Base and trim(colors to be determined) • David Towe Replacement of porch(per historic district conditions) First Vice President Fencing front two side (per historic district conditions) Karen Schock Install new solid core wood door on driveway side door Second Vice President Seal basement window (mortar) Sheryl Traficano Sensor lights irer Garage Eric Stuckey Replace dry rot boards and window seals Secretary Replace missing facial Marc Falk Patch cracks in foundations Level front of garage to secure door opening Directors Electrical service to garage Dan Corcoran Sensor lights Jack Darr Paint Jeffrey Gocken Interior Denise Harding-Hopkins Diane Krzystofczyk Basement Larry McMurray Remove existing kitchen and cap plumbing lines Cherie Murphy Remove and install new 50-gallon water heater Rose Oliver Test service and/or replace existing heating system Rhonda Pokoj Plug holes in walls (front side of house) Jim Schneff Reggie Stephens First Floor Entryway hallway fix stair banisters Entryway room reopen wall to original size and install a set of French doors Walls remove old gas lines (plug in wall and patch wall section) • a NeighborWorks member Building Pride, City-wide! Bathroom • Patch walls and floors Retile bath/shower unit Replace medicine cabinet Replace base cabinet and sink New floor coverings Kitchen Make original opening to back stairway open again Open wall between existing kitchen and small room behind kitchen to become one room(load bearing wall) Reconfigure kitchen for new cabinets Dish washer and gas stove with ventless fan Install GFI switches in kitchen New floor coverings Paint and new floor covering for entire floor Second floor Patch walls where panel was removed Patch small center bedroom walls where doors and wall partician was removed Existing kitchen and bathroom to be switched Existing bathroom to become laundry room with gas dryer hook up Existing kitchen to become new bathroom Shower/tub unit to be installed where kitchen cabinets and refrigerator were All existing kitchen cabinets to be installed in laundry room for storage Existing bathroom fixtures to be removed and disposed of. New floor coverings in all rooms except existing kitchen Paint interior walls General conditions 1) all screens and windows to be repaired or replaced 2) all rooms to have two electrical outlets in walls not floors 3) interior paint to be latex flat white paint except kitchen and bathrooms they will be latex semi gloss white 4) two window air conditions to be installed one down and one upstairs 5) Electrical panel box to be upgraded to 100 amps per city code with one meter 6) Gas system to only have one meter All bids are due back in our office by 5:00 P.M. on Wednesday July 15, 1998 Attachment D - r Lease Agreement APARTMENT LEASE—N,ruws.to yY She IC Minsk) • NO.L-17 GEORGE E.COLO' APRIL 1980 IF UNHEATED.CHECK HERE:_ FORMS CA{T101:AYYr•YIN.rr.,,.Inr rlWpm4rl nMuNe aNyyf.Mh r r,rM/ NOhMrd. (SEE PARAGRAPH II) APARTMENT LEASE UNFURNISHED • DATE or LEASE TERM or LEASE 1 MONTYWIT SECURITS DEPOSIT• SEGa'aNG ENDING NL• I l 09/01/98 Month to Month $1000.00 N/A •IF NONE,WRITE"NONE".Paragraph 2 oI this Lease then INAPPUCABLE LESSEE LESSOR NAME . City of Elgin NArc • Neighborhood Housing Services of Ammo. 502 Raymond St. anrewess Elgin, Inc. Elgin, IL 60120 ADDRESS 205 North Gifford Street ADDRESS Of • Elgin, Illinois 60120 PREMISES In consideration of the Mutual covenants and agreements herein slated,Lessor hereby leases to Lessee and Lessee hereby leases from Lessor for a private dwelling the apartment designated above(the"Premises"),together with the appurtenances thereto,for the above Term. I ADDITIONAL COVENANTS AND AGREEMENTS(II any) HOLDING OVER: If the Lesee retains possession of the premises or any part thereof after the termination of the term of this lease by lapse of time or otherwise, then, at Lessor's option, such holding over shall constitute a renewal of this lease for one month, and from month to month thereafter for the same rental specified under Section 1 for such period. Lessor may terminate any such tenancy so created by 30 days notice in writing pursuant to 735 ILCS 5/9-207. Nothing herein shall waive Lessor's right to recover double the rent or • sum which would otherwise be due for Lessee's willfully holding over or holding over after • •notice as provided in 735 ILCS 5/9-202 and 735 ILCS 5/9-203. • LEASE COVENANTS AND AGREEMENTS. RENT 1. Lessee shall pay Lessor or Lessor's agent as rent for the Premises the sum stated above,monthly in advance, ! I until termination of this lease,at Lessor's address stated above or such other address as Lessor may designate in writing. SECURITY I 2. Lessee has deposited with Lessor the Security Deposit stated above for the performance of all covenants and DEPOSIT agreements of Lessee hereunder.Lessor may apply all or any portion thereof in payment of any amounts due Lessor from Lessee,and upon Lessor's demand Lessee shall in such case during the term of the lease promptly deposit with Lessor such additional amounts as may then be required to bring the Security Deposit up to the full amount stated above.Upon termination of the lease and full performance of all matters and payment of all amounts due by Lessee,so much of the Security Deposit as remains unapplied shall be returned to Lessee.This deposit does not bear in unless and except as required by law.Where all ora portion of the Security Deposit is applied by Lessor as compensation for property dam. age,Lessor when and as required by law shall provide to Lessee an itemized statement of such damage and of the esti• mated or actual cost of repairing same.If the building in which Premises are located(the"Building")is sold or other• wise transferred,Lessor may transfer or assign the Security Deposit to the purchaser or transferee of the Building,who shall thereupon be liable to Lessee for all of Lessor's obligations hereunder,and Lessee shall look thereafter solely to such purchaser or transferee for return of the Security Deposit and for other matters(including any interest or account• ing)relating thereto. CONDITION 3. Lessee has examined and knows the condition of Premises and has received the same in good order and repair OF except as herein otherwise specified,and no representations as to the condition or repair thereof have been made by PREMISES; Lessor or his agent prior to,or at the execution of this lease,that are not herein expressed or endorsed hereon;and upon REDELIVERY I the termination of this lease in any way.Lessee will immediately yield up Premises to Lessor in as good condition as when TO LESSOR the same were entered upon by Lessee,ordinary wear and tear only excepted,and shall then return all keys to Lessor. 4. Except as provided by Illinois statute,Lessor shall not be liable for any damage occasioned by failure to keep LIMITATION Premises in repair,and shall not be liable for any damage done or occasioned by or from plumbing,gas,water,steam or OF other pipes,or sewerage,or the bursting,leaking or running of any cistern,tank,washstand,water-closet,or waste•pipe. LIABILITY in,above,upon or about the Building or Premises,nor for damage occasioned by water,snow or ice being upon or com- ing through the roof,skylight,trap-door or otherwise,nor for damages to Lessee or others claiming through Lessee for any loss or damage of or to property wherever located in or about the Building or Premises,nor for any damage arising from acts or neglect of cotenants or other occupants of the Building,or of any owners or occupants of adjacent or con- tiguous property. USE; 6. Lessee will not allow Premises to be used for any purpose that will increase the rate of insurance thereon,nor SUBLET; for any purpose other than that hereinbefore specified,nor to be occupied in whole or in part by any other persons, ASSIGNMENT and will not sublet the same,nor any part thereof,nor assign this lease,without in each case the written consent of the Lessor first had,and will not permit any transfer,by operation of law,of the interest in Premises acquired through this lease,and will not permit Premises to be used for any unlawful purpose or purpose that will injure the reputation of the same or of the Building or disturb the tenants of the Building or the neighborhood. USE AND 6. Lessee will take good are of the apartment demised and the fixtures therein,and will commit and suffer no REPAIR waste therein;no changes or alterations of the Premises shall be made,nor partitions erected,nor walls papered,nor locks on doors installed or changed,without the consent in writing of Lessor;Lessee will make all repairs required to the wall:,ceilings,paint,plastering,;dumping t"Mrk,p';,es +nd fixtures belonging to Prcmisas,whenever damage or injuryto the same shall have resulted from misuse or neglect;no furniture filled or to be filled wholly or partially with liquids shall be placed In the Premises without the consent in writing of Lessor;the Premises stall not be used as a"boarding" or"lodging"house,nor for a school,nor to give instructions in music,dancing or singing,and none of the rooms shall be offered for lease by placing notices on any door,window or wall of the Building,nor by advertising the same direct• ly or indirectly,in any newspaper or otherwise,nor shall any signs be exhibited on or at any windows or exterior Por- tions of the Premises or of the Building without the consent in writing of Lessor;there shall be no lounging,sitting Won.or unnecessary tarrying in or upon the front steps,the sidewalk,railing,stairways,halls,landing or other public places of the Building by Lessee,members of the family or others persons connected with the occupancy of Premises;no provisions,milk,ice,marketing,groceries,furniture,packages or merchandise shall be taken into the Premises through the front door of the Building except where there is no rear or service entrance;cooking shall be done only in the kit• ' then and in no event on porches or other exterior appurtenances;Lessee,and those occupying under Lessee,shall not , interfere with the heating apparatus,or with the lights,electricity,gas,water or other utilities of the Building which are not within the apartment hereby demised,nor with the control of any of the public portions of the Building;use of any master television antenna hookup shall be strictly in accordance with regulations of Lessor or Lessor's agent;Lessee and those occupying under Lessee shall comply with and conform to all reasonable rules and regulations that Lessor or Lessor's agent may make for the protection of the Building or the general welfare and the comfort of the occupants thereof,and shall also comply with and conform to all applicable laws and governmental rules and regulations affecting the Premises and the use and occupancy thereof. » _.____.._ I. 1. ..�.•.:• r• • _ . ACCESS•' - 7. Lases will allow Lessor free access to the Premises at all reasonable hours for the purpose of examining or ex. '•hibitiigthe same or to make any needful repairs which Lessor may deem fit to make for the benefit of or related to any • 1,'i.,!..u :time(of the Building;also Lessee will allow Lessor to have placed upon the Premises,at all times,notice of"For Sale" -and."To Rent,"and will not interfere with the same. . . RIGHT TO' �'1:; i; 8. If Lessee shall abandon or vacate the Premises,the same may be re-let by Lessor for such rent and upon such RELET ,"';',i -.terms as Lessor may see fit;end if a sufficient tum shall not thus be realized,after paying the expenses of such reletting �Io. e•' • and collecting,to satisfy the rent hereby reserved,Lessee agrees to satisfy and pay all deficiency. FF HOLDING' i' OVER• :e lapse o • •therwlse,then the Lessor may at Lessor's option within thirty days after the ter • t e term serve lttennotice u .. that such holding over constitutes either(a)renewal of • + or one year,and from t . • • •year to year thereafter,at dou•e s• ified under Section 11. • nod,or(b)creation of a month to 11 ..month tenancy,upon the terms of this lease ek • •• • •nt ly rental specified under Section I.or(c)crea- k `•don of a tenancy at sufferance,at a rental of r • rt per day for the time Lessee remains in posses- s .slon,If no such written notice Ien a tenancy at sufferance with r ted at(e)shall have been created, .)• and in such case ifs r diem rental shall not have been inserted herein at(c),su • • m rental shall be one- fifteen onthly rental specified under Section 1 of this lease.Lessee shall also pay to Less• a•es sus- L,Lo.,......•.It6ryLan",.t....M..,1,,,„...,:...•b.>L..... RESTRICTIONS - " 10. Lessee will not permit anything to be thrown out of the windows,or down the courts or light shafts in the ON USEBuilding;nothing shall be,hurglfrom the outside of the windows or placed on the outside window sills of any window �:;,� :in the Building;no parrot,dog or other animal shall be kept within or about the Premises;the front halls and stairways and the back porches shall not be used for the storage of carriages,furniture or other articles. WATER AND 11, The provisions of subsection(a)only hereof shall be applicable and shall form a part of this lease unless this HEAT • lease is made on an unheated basis and that feet is so Indicated on the first page of this lease,in which case the provi- .dons of subsection(b)only hereof shall be applicable and form a part of this lease. (a) Lessor will supply hot and cold water to the Premises for the use of Lessee at all faucets and fixtures provi• ded by Lessor therefor.Lessor will also supply heat,by means of the heating system and fixtures provided by Lessor,in . .,reasonable amounts and at reasonable hours,when necessary,from October 1 to April 30,or otherwise as required by . r ;. !applicable municipal ordinance.Lessor shall not be liable or responsible to Lessee for failure to furnish water or heat I •when such failure shall result,from causes beyond Lessor's control,nor during periods when the water and heating systems In the Building or any portion thereof are under repair. (b) Lessor will supply cold water to the Premises for the use of Lessee at all faucets and fixtures provided by •• ' Lessor therefor.Lessor shall not be liable or responsible to Lessee for failure to furnish water when such failure shall re. ,sult from causes beyond Lessor's control,nor during periods when the water system in the Building or any portion there- r, ," '` 'of is under repair,All water heating and all heating of the Premises shall be at thisole expense of Lessee.Any equip- ent provided by Lessee therefor shall comply with applicable municipal ordinances. STORE ROOM.' rn r.' '' 12 . Lessor shall not be liable for any loss or damage of or to any property placed In any store room or any stor- ' •r'• .•age place In the Building;tush store room or storage place being furnished gratuitously and not as part of the oblige• Jr..1::' tions'of this lease:' ' •r DEFAULT- ''(1• .:: '%,13.- If default be model's the payment'of the above rent,or any part thereof,or in any of the covenants herein BY contained to be kept by the Lessee,Lessor may at anytime thereafter at his election declare said term ended and reenter LESSEE '.•!s.. 'the'Premises or any part thereof,with or(to the extent permitted by law)without notice or process of law,and remove Lessee or any persons occupying the same,without prejudice to any remedies which might otherwise be used for arrears • •• of rent,and Lessor shall have at all times the right to distrain for rent due,and shall have a valid and first lien upon all . personal property which Lessee now owns,or may hereafter acquire or have an interest in,which is by law subject to such distraint,as security for payment of the rent herein reserved. NO RENT 14. Lessee's covenant to pay rent it and shall be independent of each and every other covenant of this lease. DEDUCTION Lessee agrees that any claim by Lessee against Lessor'shall not be deducted from rent nor set off against any claim for OR SET OFF rent in any action. RENT AFTER 15. It is further agreed,by the parties hereto,that after the service of notice or the commencement of a suit or NOTICE OR SUIT. after final judgment for possession of the Premises,Lessor may receive and collect any rent due,and the payment of said rent shall not waive or affect said notice,said suit,or said judgment. PAYMENT OF 18. Lessee will pay and discharge all reasonable costs,attorney's fees and expenses that shall be made and incur- COSTS red by Lessor In enforcing the covenants and agreements of this lease. RIGHTS '' 17. The rights and remedies of Lessor under this lease are cumulative.The exercise or use of any one or more CUMULATIVE . thereof shall not bar Lessor from exercise or use of any other right or remedy pr ceded herein or otherwise provided by law,nor shall exercise nor use of any right or remedy by Lessor waive any other right or remedy. FIRE AND ,' ' ' ''•' 18. In case the Premises shall be rendered untenantabie during the term of this lease by fire or other casualty, CASUALTY Lessor at his option may terminate the lease or repair the Premises within 60 days thereafter.If Lessor elects to repair, 'this lease shill remain in effect provided such repairs are completed within said time.If Lessor shall not have repaired ' the Premises within said time,then at the end of such time the term hereby created shall terminate.If this lease is ter- • minated by reason of fire or casualty as herein specified,rent shall be apportioned and paid to the day of such fire or • other casualty, . . SUBORDINATION '10. This lease is subordinate to all mortgages which may now or hereafter affect the real property of which Pre- mises form a part. PLURALS;'" ;''. " 20. The words"Lessor"and"Lessee"wherever herein occurring and used shall be construed to mean"Lessors" SUCCESSORS': •and"Lessees"in case more than one person constitutes either party to this lease;and all the covenants and agreements herein contained shall be binding upon,and Inure to,their respective successors,heirs,executors,administrators and 'assigns and be exercised by his or their attorney or agent. SEVERABILITY - 21. Wherever possible each provision of this lease shall be Interpreted In such manner as to be effective and valid ' ' under appllabk law,but if any provision of this lease shall be prohibited by or invalid under applicable law,such pro- . • vision shall be ineffective to the extent of such prohibition or invalidity,without invalidating the remainder of such provision or the remaining provisions of this lease. 1*•*#,NO1PE41;4,,,..N13Sv4Lf•,Elgin:r,ha's.applied. £o±i. tax .exempt..status on tht3 ROPE "'54'1.•5yne,,,t tabu+3@§:'tWhen-'-ari.4T';.if:'the Kane 'County'Assessor-adjusts the . nt^iar.ibc fri'l'l'11.•81Y.r:.yin VI t •!. )Sropety tax downward,' 'it will.die reflected in a reduction of ..,11 •,,..n-"ithe k•.monthi-y;,•rent•. . . • .• . . . . • - , r'' y''• ''t 1 t;"WITNESSi t.I.'liuidi and seals of,the parties hereto,es of,tbenate of Lease stated above. • ••,+rt.11'...•1.1, ;.•1t1.•r t...r•q..•.. ..• LESSEE:'-'`.1.0,••.;n•sr..-di .. „41 .1• • .1 • ••.'• .LESSOR: " .' +•I nljni 11:.:rt.;l. •;11 y•G N.• ..ry I•.. ,. ,• ••1 . b .. •t.. . ,,,, ieeal). (seal) ..,. ,. ... •. (seal) • (seal) • . , It,_n,,,nr,:,1.•.:••'•r, li...e. r.,.•.. ASSIGNMENT BY LESSOR • . .•• ;iN"i'4:11'.y v. . I'1•:1 u•1,,•. '•.I. . ., -• �•••klb• •• _.19i•for value received.Lessor hereby transfers,assigns and sets over to ..1.. ...• 1•t.•••.;.11 In.- :4• ... ,,••,( .all right.an.and Interest In and so above ave leaseen and the rt thereby reserved. exc+aprran(duii'64dpayibliprliro'1'. • '• ''••'' ' • 19 . . . • ••, rn:n.'lrfuirist.rlb,•1.,y:nr;" is.•1.c1,.III., 1.. .. ......t 4 • • .. (seal) • . r, TEE;. .., (seal) O s t is •19_•In consideration at Ten Dollars(•10.00)and other good and valuable considera- tion,the receipt and a1R1deny or which Ice hereby acknowledged.the undersigned Guarantor hereby guarantees theWynepl of rani and perormance by Lessee.Lessee a heirs,111110(1011,edmkilsuabors•successors or assigns of al covenants and agrements of she above lease. • I'. J '1. •1 .1:11.;; f . . . • r tr Il rt... y I•:. n ...I' ' ..•r {• (seen ;.1.•11.Ittr en..:1:i:pa t•r•r..-.n I,t•1::.'r.:.:-)e I:n•,r,..4•.1 1,•r•, •• •YI'. ••:1..... • ;!'•..Y r.t'' • r. '