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City attorney outlines residential facade grant program; board and residents raise contractor, payment and oversight concerns
Summary
The city attorney presented a draft residential facade repair grant with reimbursement draws (30/60/90 percent) and 10% retainage, eligibility rules and contractor options; board members and residents debated upfront materials costs, prior commercial AC expenditures and audit oversight.
Cliff Shepherd, the city attorney, presented a draft residential facade repair program and payment procedures that the board asked staff to refine and return with formal guidelines.
Shepherd said the proposed grants would operate on a reimbursement schedule, with interim payments at roughly 30, 60 and 90 percent completion and a final payment after inspections and required lien waivers. "Grants are offered on a reimbursement basis... interim payments along the way based on percentage of completion, 30, 60, 90, and then a hundred," he said, adding that a 10 percent retainage would be held to encourage…
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