(a) Objective. The objective of the City's Sidewalk, Curb and Gutter Program is to provide financial assistance to eligible homeowners to defer payment of assessed costs for sidewalk, curb and gutter maintenance and repairs.
(b) Applicant Eligibility. Eligibility of applicants for the Program shall be as follows:
(1) The applicant must be the owner of and reside in the unit that will be assessed.
(2) The applicant must be the fee simple owner of record.
(3) The applicant's household must have total annual income equal to or less than eighty percent of the median income level for Dayton-Springfield MSA, as reported by the U.S. Department of Housing and Urban Development, as part of the income eligibility criteria. Current Program income limits are attached to original Ordinance 5142, passed April 15, 1997, as Exhibit A, and made a part of these guidelines as if fully rewritten herein.
(4) The applicant may not have liquid assets in excess of thirty thousand dollars ($30,000). Assets include stocks, certificates of deposit, time deposits, cash bonds, reserve funds, the net value of real estate (other than the home the applicant resides in) and commodities. Assets do not include automobiles, tangible personal property, insurance policies or retirement plans.
(c) Property Eligibility. Eligibility of property shall be as follows:
(1) A single-unit residential structure which shall be owner-occupied.
(2) An assessment levied which must be greater than two thousand dollars ($2,000).
(d) Type of Assistance Available. Each qualified property owner will receive financial assistance from one of two categories, based on the household's total annual income. Exhibit A, attached to original Ordinance 5142, passed April 15, 1997, provides the maximum income eligibility criteria. The two levels of assistance are as follows:
(1) Deferred interest and principal. Persons with incomes below fifty percent of the area median income will qualify for deferral of 100 percent of the principal and interest assessment for twenty years or until the sale or transfer of the property and/or until the homeowner no longer resides in the home.
(2) Deferred principal. Persons with income below eighty percent but greater than fifty-one percent of the area median are eligible for deferral of principal only for twenty years or until the sale or transfer of the property and/or until the homeowner no longer resides in the home. Interest will be paid with property taxes.
(e) Procedures. Applications must be thoroughly completed with appropriate documentation attached as follows: the applicant's most recent Federal Income Tax Return and two current pay stubs or an end-of-year Social Security or retirement statement. The completed application is to be filed at the City of Miamisburg Civic Center, 10 N. First Street, Miamisburg, Ohio 45342, Attention: Finance Department. The application will be reviewed by the City to determine eligibility.
(Ord. 5142. Passed 4-15-97.)