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Pontiac approves first three TIF roof‑rehab grants, program requires five‑year owner‑occupied lien
Summary
Council approved three TIF roof-rehab reimbursement grants (909 E. Chestnut $5,940; 900 E. Indiana $9,378; 310 W. Livingston $7,839). Grants pay up to 90% of contractor estimates; recipients sign a five‑year lien that drops off if the owner remains in residence.
The Pontiac City Council approved three initial TIF roof‑rehab reimbursement grants targeted at owner‑occupied properties inside the TIF district. Staff explained the program criteria: properties with assessed value under $50,000 are eligible for up to 90% of roof‑replacement costs (maximum $10,000), and recipients must secure required contractor bids unless they hire a licensed local contractor (in which case a single bid suffices).
Details recorded in council proceedings: - 909 East Chestnut: Greif's Exterior provided an estimate of $6,600; the council approved a 90% grant of $5,940. - 900 East Indiana: submitted estimate $10,420; council approved a 90% grant of $9,378. - 310 West Livingston: Greif's estimate $8,710; council approved a 90% grant of $7,839.
Staff said successful applicants must execute an agreement that establishes a lien for five years; the lien drops off if the owner remains owner‑occupied for that period. Council members noted that, for these first three grants, each homeowner will pay roughly $1,000 out of pocket and that the program aims to encourage further takeup.
