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REQI_T FOR CITY COUNCIL AGttnA ITEM Agenda Date Requested: Mav 12. 2003 Appropriation er/Gwen Goodwin Source of Funds: Northside Neighborhood Department: Planninl! Account Number: 15-9892-859-1100 Report: _Resolution: _Ordinance: -X- Amount Budgeted: $15,321:" Ordinance authorizing a contract with Bayou Housing Partners to construct house(s) for the HOME Grant program Exhibits: Ordinance Area Map Agreement Amount Requested: $ 84,000 Budgeted Item: ~ NO SUMMARY & RECOMMENDATION During the Council's December 9, 2002 meeting, Council formally accepted two contracts with the Office of Housing and Economic Development (OHED). Contract #1 provides $181,900 for the construction of two "model" homes built on 4 lots. In February 2003, the City issued a Request for Qualifications for the construction of these 2 homes. The Selection Committee chose two builders: America's Estate Properties, Inc and Bayou Housing Partners. (When Contract #2: Down payment and closing cost assistance is executed, these builders may also be asked to construct one or several of the subsequent 9 homes; however, the builders are responsible for securing independent financing for the acquisition of lots and construction of the homes.) Bayou Housing Partners will build a home on N. 7th Street, more specifically described as lots 29 and 30 of Block 77, La Porte, Texas. This home is priced at $84,000. Throughout construction, the builder will request a draw as key milestones are reached. The City will pay the builder and submit a request for reimbursement with OHED as stipulation in Section m. - Payment paragraph #2 of the City's executed contract with OHED. The City will pay the builder and submit a request for reimbursement with OHED as stipulation in Section m. - Payment paragraph #2 of the City's executed contract with OHED. Our 25% commitment will not exceed the budgeted amount. Council is asked to consider an ordinance authorizing a contract between the City and Bayou Housing Partners to construct Plan #1485 (1,485 sq. ft.) priced at $84,000. Action Required bv Council: I. Approve an ordinance authorizing an agreement between the City and Bayou Housing Partners to construct house(s). o -(p -03 Date