One Step Forward, One Step Back

Well, we had two pieces of news tonight…

First, Wells-Fargo approved our renovation loan and gave us a commitment letter. It’s scary how big the loan is, but the numbers work when it’s all said and done. So getting the mortgage firmed up is a great step forward.

Second, our expediter sat down with the Boro Commissioner at DOB today. She said he almost lifted our stop work order, but ultimately refused saying he wants to see both sets of approved plans. UGH! A step backwards (or at least not a step forward).

There are a number of issues at play. The first is that last year someone at DOB emphatically told our architect’s expediter that the old plans could not be renewed – that two years had elapsed and they were under the 1968 building code, so that was that. Well, apparently that was wrong – they can and should have been renewed. So new plans were submitted and approved without closing out the first ones. The stop work order is because the original plans weren’t closed out before the new ones were approved and permitted. The close out process involves an inspection so they know what was accomplished under each job. Only the boro commissioner can waive the inspection. If we have to wait for the inspection it’ll be another month delay. Luckily we’re not paying mortgage right now…

Still, it all started because someone at DOB gave the wrong info to the first expediter… This whole this is just a bureaucratic mistake…

At least the mortgage is good news…

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