HomeMy WebLinkAboutORD 83-132 ORDINANCE NO.
ENTITLED AN ORDINANCE AMENDING SECTIONS
14-71, 14-73, 14-74, AND 14-80 OF CHAPTER
14 OF THE CODE OF ORDINANCES OF THE CITY
OF BEAUMONT; PROVIDING FOR SEVERABILITY;
PROVIDING FOR REPEAL; AND PROVIDING FOR A
PENALTY.
BE IT ORDAINED BY THE CITY OF BEAUMONT:
Section 1 .
THAT Chapter 14, Section 14-71 of the Code of Ordinances of
the City of Beaumont be, and the same is hereby , amended by changing
the term "Rehabilitation" to "Residential Rehabilitation" and adding
the term "Commercial Rehabilitation" and its definition, and that
Sections 14-73, 14-74 and 14-80 be, and the same are hereby, amended
to read as follows:
Section 14-71: Definitions.
Residential Rehabilitation. The restoration of
deteriorated structures to minimum housing standards as established
by law , including repair, renovation, conversion or remodeling, or
the retrofitting of any structure with energy conservation material
and/or devices.
Commercial Rehabilitation. The restoration of
deteriorated business structures including repair, renovation,
conversion or remodeling, in order to physically improve or correct
an existing business structure so that it will comply with the
intended usage.
D-93- /D-i/-,P.3
Section 14-73: Rehabilitation loans--Granting to qualified persons.
The agency shall make loans to qualified persons for the
rehabilitation and financing of dwelling units and for the
rehabilitation and financing of business structures. Loans and
grants may also be made for refinancing existing purchase money
mortgages or purchase contracts, deferred payments, grant subsidies
and rehabilitation loans for investor owned residential property.
However, commercial rehabilitation loans may not be used to refinance
existing or future debts on the business inventory nor may an
establishment whose primary income is generated from the sale of
alcoholic beverages be eligible for a commercial rehabilitation
loan.
Section 14-74. Same--Derivation of fund. There is hereby created a
rehabilitation loan fund to be funded with community development
block grant funds to make loans to owners of dwelling units and to
owners of business structures in project areas who are unable to
secure or qualify for funds from conventional sources for the purpose
of refinancing or rehabilitation of such property to meet or exceed
minimum housing or intended usage standards established by law .
Section 14-80. Promissory note, lien as evidence and security of
loan. Rehabilitation loans shall be evidenced by a promissory note
in favor of the City of Beaumont and secured by a mechanic' s and
materialmen' s lien or by a properly executed real estate lien note
and deed of trust in favor of the City of Beaumont, whichever is
applicable.
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Section 2 .
That if any section, subsection, sentence, clause or phrase
of this ordinance, or the application of same to a particular set of
persons or circumstances, should for any reason be held to be
invalid, such invalidity shall not affect the remaining portions of
this ordinance, and to such end the various portions and provisions
of this ordinance are declared to be severable.
Section 3 .
That all ordinances or parts of ordinances in conflict
herewith are repealed to the extent of the conflict only .
Section 4 .
That any person who violates any provision of this
ordinance shall, upon conviction, be punished as provided in Section
1-8 of the Code of Ordinances of Beaumont, Texas.
PASSED BY THE CITY COUNCIL of the City of Beaumont this the
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