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File #: 060046.    Version: Name: Additional Funding for Model Block House on 418 Northwest 4th Avenue (B)
Type: Staff Recommendation Status: On Consent Agenda
File created: 8/21/2006 In control: Community Redevelopment Agency
On agenda: Final action: 8/21/2006
Title: Additional Funding for Model Block House on 418 Northwest 4th Avenue (B)
Attachments: 1. Backup_060046_418NW4thAVenue.pdf, 2. 060046_CRA_20060821.pdf
Title
Additional Funding for Model Block House on 418 Northwest 4th Avenue (B)

Explanation
The CRA acquired this structure as part of the Model Block project and is now ready to begin rehabilitation and prepare for the sale of the property for homeownership. The property is a contributing structure to the Pleasant Street Historic District, which was listed in the National Register of Historic Places in 1989. The building is currently dilapidated and vacant. The living area of 1,257 square feet consists of a series of small rooms, most without closets, no living room or dining room, and no functional kitchen or bathroom. After rehabilitation, the historic footprint will be maintained at 1,257 square feet and contain three bedrooms, one bathroom, a living room, dining room, and a kitchen. The property will be rehabilitated in accordance with the Secretary of the Interior's Standards for Rehabilitation, which describes appropriate guidelines for rehabilitation projects located in historic districts. Although the interior of the building will be modernized, historically appropriate and original materials will be used, when possible, to renovate the structure to increase its value.

Staff previously negotiated a price of $146,851 with Carter Construction for the rehab of this property. Carter Construction is a contractor who has done considerable work with the Housing Division and is experienced with this type work. Carter Construction will be completing Site B prior to beginning work on this project. The CRA will borrow from the National Trust for Historic Preservation Inner City Venture Fund line of credit for part of the construction cost and fund the balance of the project plus the 10% contingency from the bond funds it borrowed from the City for the Model Block project.

However, following additional review of the project by the contractor, the initial bid amount has been determined to be inadequate when taking into account costs of m...

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