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02/12/2002 Resolutions 2002-42 I I I RES 0 L UTI 0 N 2002-42 WHEREAS, the City of Grand Island invited proposals for the construction ofthree single family, 3-bedroom houses with unfinished basements and single car attached garages to be built on vacant lots at 1115 East 9th Street, 1119 East 9th Street and 1122 East 9th Street for the Community Development Division ofthe Community Projects Department, according to the City's Request for Proposals on file with the Community Development Division; and WHEREAS, proposals were due on January 18, 2002; and WHEREAS, Galvan Construction of Grand Island, Nebraska, submitted a proposal in accordance with the terms of the advertisement for proposals and all other statutory requirements contained therein; such proposal being to purchase the property for $100 to construct a home at 1115 East 9th Street with a resale value of $62,500; and WHEREAS, Star Homes of Grand Island, Nebraska, submitted a proposal in accordance with the terms of the advertisement for proposals and all other statutory requirements contained therein; such proposal being to purchase the property at 1122 East 9th Street for $1.00 to construct a home with a resale value of $60,264.67; and WHEREAS, Star Homes of Grand Island, Nebraska, submitted a proposal in accordance with the terms of the advertisement for proposals and all other statutory requirements contained therein; such proposal being to purchase the property at 1119 East 9th Street for $1.00 to construct a home with a resale value of $61,119.31; and WHEREAS, upon completion of the construction ofthe homes, they will be sold for the developer under the Homeownership Opportunity Program in which the City will provide down- payment assistance to qualified low-to-moderate income homebuyers. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND ISLAND, NEBRASKA, that the proposal of Galvan Construction of Grand Island, Nebraska, for the purchase of the property at 1115 East 9th Street for $100 to construct a 3- bedroom house with an unfinished basement and a single car attached garage with a resale value of $62,500 is hereby approved as the best proposal received for that address; and that a Contract Agreement between such parties be entered into for such project, and that the Mayor is hereby authorized and directed to execute such Contract Agreement on behalf of the City of Grand Island. BE IT FURTHER RESOLVED, that the proposal of Star Homes of Grand Island, Nebraska, for the purchase ofthe property at 1122 East 9th Street for $1.00 to construct a 3-bedroom house with an unfinished basement and a single car attached garage with a resale value of$60,264.67 is hereby approved as the best proposal received for that address; and that a Contract Agreement between such parties be entered into for such project, and that the Mayor is hereby authorized and directed to execute such Contract Agreement on behalf of the City of Grand Island. - 1 - Approved as to Form 'f' ~ February 7. 2002 '" City A orney I I I BE IT FURTHER RESOLVED, that the proposal of Star Homes of Grand Island, Nebraska, for the purchase ofthe property at 1119 East 9th Street for $1.00 to construct a 3-bedroom house with an unfinished basement and a single car attached garage with a resale value of$61, 119.31 is hereby approved as the best proposal received for that address; and that a Contract Agreement between such parties be entered into for such project, and that the Mayor is hereby authorized and directed to execute such Contract Agreement on behalf of the City of Grand Island. Adopted by the City Council of the City of Grand Island, Nebraska on February 12, 2002. \){,,\\ ell,- ?D~O{)nDn/ RaNae Edwards, City Clerk - 2 - Approved as to Form T ~ February 7,2002 "",City Attorney