Explanation
BACKGROUND: This legislation authorizes the Director of Development to modify capital funds contract PO132630 with Healthy Rental Homes II, LLC. The project budget will be modified to increase the contract amount by $8,480 to add additional funds to cover unexpected construction costs, and to allow for reimbursement of costs incurred before the purchase order date. The original contract and purchase order totaled $114,000.
Original contract amount $114,000.00 Ord. 1207-2017
Modification amount $8,480.00. Ord 0043-2019
Total contract amount $122,480.00
EMERGENCY JUSTIFICATION:
Emergency consideration for this modification is necessary to allow construction for the changes in the installation of windows to meet historical needs, and will result in affordable rental opportunities, productive use of formerly vacant properties, and contribute to the revitalization of the neighborhood without delay.
FISCAL IMPACT: Funds for this expenditure are allocated from the capital funds, ACPO003815.
Title
To authorize the Director of Development to enter into a contract modification with Healthy Rental Homes II, LLC; to modify the project budget to increase the contract amount by $8,480.00 to cover unexpected construction costs and allow for reimbursement of costs incurred before the purchase order date; and to declare an emergency. ($8,480.00)
Body
WHEREAS, a funding agreement was entered into with Healthy Rental Homes II, LLC in the amount of $114,000.00, for the acquisition, rehabilitation and/or redevelopment of affordable rental opportunities, productive use of formerly vacant properties and to contribute to the revitalization of neighborhoods, and;
WHEREAS, it has become necessary to modify the project budget, to increase the contract amount by $8,480.00 to cover unexpected construction costs that have already been incurred; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development in that it is immediately...
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