14151 1 RESOLUTION NO. 14,151
2
3 A RESOLUTION TO AUTHORIZE THE CITY MANAGER TO ENTER
4 INTO A CONTRACT FOR ONE (1) NEW CONSTRUCTION WITH THE
5 USE OF NEIGHBORHOOD STABILIZATION PROGRAM FUNDS II
6 (NSP2); AND FOR OTHER PURPOSES.
7
8 WHEREAS, in January 2010, a funding agreement was executed allocating $8.6 million to the City
9 of Little Rock Consortium, as a result of the City's application for funding from HUD through the NSP2
10 Program; and,
11 WHEREAS, the funds are to be utilized for the acquisition and redevelopment of abandoned,
12 foreclosed and nuisance properties for low to moderate-income beneficiaries; and,
13 WHEREAS, staff received formal construction bids for one (1)NSP2 new construction unit at 3109
14 West 13th Street; and,
15 WHEREAS,the initial low bidder could not obtain a payment and performance bond;therefore, A&
16 A Service Electric, being the next lowest bidder, was selected with a bid of One Hundred Thirty-Seven
17 Thousand, Eight Dollars($137,008.00),with information related to their bond provided;
18 NOW,THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
19 OF LITTLE ROCK,ARKANSAS:
20 Section 1: The Board of Directors hereby approves the use of Neighborhood Stabilization Program 2
21 (NSP2) Funds for the construction of one (1) NSP2 new construction unit at 3109 West 13th Street, at a
22 cost of One Hundred Thirty-Seven, Eight Dollars($137,008.00).
23 Section 2: Funds for the construction of this structure will be charged to the NSP2 Program.
24 ADOPTED: July 7,2015
25 ATTE.T• APPROVED:
26
27 !