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No contractor will be allowed to have more than two (2) jobs per bid round , <br />with a maximum award of three (3) jobs under construction at one time <br />without consent of the PA unless: <br />a. The anticipated date of commencement is after the scheduled and <br />estimated date of completion of current jobs; or <br />b. The contractor has demonstrated, through past performance, his/her <br />ability to satisfactorily complete multiple contracts in a timely manner <br />thereby causing no impact on project and program completions. <br />This rule may be waived by the County Commission if it is determined that <br />there is an inadequate pool of qualified bidders, if the other bids are <br />excessive, or if other extenuating circumstances arise. <br />4. Contracts: Preparation of Contract Documents: The HRS or approved staff <br />prepares Applicant homeowner/County and Applicant homeowner/contractor <br />agreements and sets a time to meet with the Applicant homeowner and <br />contractor to execute the documents and mark the start of construction. <br />These agreements at a minimum should consist of the following: <br />1. Voluntary Participation and Final SOW Approval. <br />2. Final Income Certification and Affidavit. <br />3. Truth in Lending Statement. <br />4. Program Mortgage/DPL and Note. <br />5. Rehabilitation Agreement/Rehabilitation Contract. <br />6. Notice to Proceed. <br />7. Notice of Commencement. <br />8. Color/Style Selection Sheet. <br />9. Temporary Relocation Statement (where applicable). <br />10. Three (3) Day Recession Notification. <br />1. Deferred Payment Loans (DPLS) <br />The CDBG and DRI Programs provide financing for eligible activities to income <br />qualified Applicant homeowners in the form of zero -interest Deferred Payment <br />Loans (DPLs) (mortgage), the amount of which shall include the accepted bid <br />amount for rehabilitation plus a contingency reserve. In the case of DRI, this can <br />also include acquisition or purchase assistance. <br />1. Deferred Payment Loans (DPL) <br />a. Deferred Payment Loans (DPLs) are zero -interest loans with deferred <br />payments that become grants when and if all criteria are met by the <br />Applicant. The DPL is provided to a) homeowners who are unable or <br />unlikely to obtain conventional financing due to their income limits, or b) to <br />assist disaster affected homebuyers in purchasing a home under DRI. <br />40 <br />