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8864RESOLUTION NO. 8,864 69 1 2 A RESOLUTION AUTHORIZING THE CITY 3 MANAGER TO ACCEPT BIDS AND AWARD A 4 CONTRACT FOR CONSTRUCTION OF AN 5 AFFORDABLE HOME ON A CITY -OWNED LOT AT 6 1103 DENNISON STREET WHICH IS IN A 7 DESIGNATED ffMODEL BLOCXN. 8 9 10 WHEREAS, the Affordable Homes Program builds new homes on vacant lots in established subdivisions utilizing a revolving 11 construction fund established by the Board of Directors by 12 Resolution No. 7,505 (November 19, 1985); and 13 WHEREAS, the homes are sold at cost to low- income or 14 moderate - income families. 15 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS 16 OF THE CITY OF LITTLE ROCK, ARKANSAS: 17 SECTION 1. The City Manager is authorized to accept bids 18 and award a contract to Joe Anderson Construction Company, in an 19 amount not to exceed $40,250.00, for construction of an 20 affordable home on a city -owned lot at 1103 Dennison Street. 21 22 ADOPTED: February 2, 1993 23 24 ATTEST: APPROVED: 25 27 CITY CLERK MAYOR 28 29 APPROVED AS TO FORM: 30 31 > p� 32 1�6+ -. UAF_Fr.N-X1FK I/ 33 CITY ATTORNEY 34 35 36 PURCHASING FACT SHEET 70 BID NO: 92381 DATE OPENED: Dec. 29, 1992 DEPARTMENT: Neighborhoods and Planning DESCRIPTION: Affordable Homes Project - 1103 Dennison St. FUNDING: Affordable Homes Construction Account ACCOUNT NUMBER: Affordable Homes Construction Account APPROPRIATION OR TRANSFER REQUIRED: None ACCOUNT AVAILABILITY: See Discussion AMOUNT OF PURCHASE: $40,250.00 SUGGESTED AWARDEE: Joe Anderson Construction RECOMMENDATION AND DISCUSSION: It is recommended that the award be given to the low bidder, Joe Anderson Construction. Funding is made through the Affordable Home Construction account at 1st Commercial Bank. i BID #: 92381 DEPARTMENT: Neighborhoods and Planning DESCRIPTION: Affordable Homes Project - 1103 Dennison TABULATION Joe Anderson Construction ($40,250.00) Award Phillips Construction 40,750.00 Euro -Homes 42,500.00