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HRA 11/04/2010 - 6258=10 November 4, 2010 HRA Meeting Regular Meeting Agenda 7.00 p.m. City Hall, Council Chambers Call to order Roll call Action Items 1. Approval of expenditures 2. Approval of October 7, 2010, Meeting Minutes 3. Approval of 2011 HRA Meeting Dates d w 4. Approval of Home & Garden Show Administrative Contract 5. Approval of Demolition Contract - HRP Informational Items 1. Home Remodeling Demonstration Program 2. Housing Loan Program Update Adjournment C:\Documents and Settings \bebergj\Local Settings\Temporary Internet Files\ Content .Outlook \VWCEOPO4\November -2010 Agenda Outline (2).docC:\Documents and Settings %ebergj\I.ocal Settings \Temporary Internet Files\ Content .Outlook \VWCEOPO4Wovember - 2010 Agenda Outline (2).doc N t rte,, V 0 U O) O C M .-0 2 � A c N 3 a LL Q O C O 0 0 O 407 N 00 COM fMn OD u7 OD N CA O LO coo O M O p S O O 00 O O CO �p o 0 0 0 0 0 0 0 0 0 0 0 0 0 o O M M O v coo M o M O O O 00 0 O 0 LO LO 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 LO oi 000 O 1 P 00 o LA Lo Cio) co O N c6 to 6L6cic6 (6 c6 000OO6 LI7OOL6 OL6 [I- f- I, f�0001�I- f- f�I- 1�001�CO0 0 tt'cFetLO�OPet'V'�tCd' VPP�NP 1- O LO M OD OO vtt MM c O 111- y U > V'ct It M M CA 0 CO CO V O N C) L0 4) LO 0 L CA 1` Lo P Co N N 1` 1` M M P P N P P P P P LO t N co Cl) P Lo CS) O c C LU od 7 ca N 2 O t 0 0 0 0 0 0 0 0 0 0 0 0 0 MMMMMMMMMMMMM 00 99 O O O M O O O 00000000000000000 'O7 O VC�O' MM �Mi • �MT • MyT - M�Mi •M�M} M �MT •�My.M IT O O Cl) CV) �IT ce) o • .�•�}�••�•�•'c�V'y� 0000000 O O O O O O O O M M M M M M M M M M M M M O O M M P� N M O co M O M M M M M M M M M M M M M M M M oo 0000 Ooo 0$00 0000 o 0000 0000 0000000000000 000 0 0 0 0 a0 0 00 0 o 00 00 0 O 0 o O 0 O 0 O 0 00000c�0000000 00 00 000 0000000000 9999900000000 O o O C3 0 0 Ct N O a} O 0 o i i O O 1 P O � � o 90000000009999999 ' � { ! 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N 0 > > > >> N C> N —C4 r r NN' OOcccCcMcO'cN �?2 o »»>w2D N mw �ccivPoo-cmvcflov0oot-r x OD O CO P M r� OD O)0000 OM O) LO LO LO co co LO LO UO o UO c0 c0 o c4 c0 co F- 0) t` C N C N C y a c 0 C7 m m � CL -0 E a O U UO 0. a .N N .y M co m Z` D O Cl) i LO t` LO M m v .c LL 0 Z` U E tO O) O CL c a) E a1 CL y S Q C O O E a cO 'd 0 n. m 0_ 3 m Z c 7 m 0 0 P 0 0 P r O N N N N a7 N O N O r P P Al C N 0 O /1-1-1 CITY OF FRIDLEY HOUSING AND REDEVELOPMENT AUTHORITY COMMISSION OCTOBER 7, 2010 CALL TO ORDER: Chairperson Commers called the HRA Meeting to order at 7:02 p.m. ROLL CALL: MEMBERS PRESENT: William Holm Pat Gabel Larry Commers Stephen Eggert John Meyer NONMEMBERS PRESENT: Paul Bolin, HRA Assistant Executive Director Greg Johnson, Development Consultant Becky Kiernan, Accountant ACTION ITEMS: 1. Approval of Expenditures MOTION by Commissioner Holm to approve the expenditures as presented. Seconded by Commissioner Gabel. Commissioner Holm asked if the cost associated with 5825 2 1/2 street and Fairmont was for the purchase of acquiring the property. Paul Bolin, HRA Assistant Executive Director, said that is correct, that was the purchase price. Commissioner Holm said that there will be additional costs for the demolition of the home. Mr. Bolin said that is correct. UPON VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY 2. Approval of September 9, 2010 Meeting Minutes MOTION by Commissioner Holm to approve the minutes as presented. Seconded by Commissioner Eggert. Commissioner Gabel asked on the top of page three to identify the house as Mississippi Project or House on Mississippi Street. UPON VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY AND THE MINUTES APPROVED AS AMENDED 3. Purchase Agreement for 6061 University Avenue Paul Bolin, HRA Assistant Executive Director, said that the HRA entered into property purchase negotiations with Mr. Kim, owner of the Tae Kwan Do gym in early 2007. Past negotiations failed to result in a binding agreement. Mr. Kim has now purchased another property in Blaine and also plans to lease additional space in Fridley. Mr. Kim has presented a signed purchase agreement to the HRA for the terms most recently discussed this past spring. Staff recommends the HRA approve the purchase agreement in the amount of $375,000. ($310K for building and land, $50K for business reestablishment, and $15K in moving expenses.) Commissioner Gabel asked how the taxes would be paid on this property. Mr. Bolin said that the taxes would be prorated at the time of the sale. Once HRA owns the property, HRA would be responsible for taxes. Chairperson Commers asked if the purchase agreement would have a specific date beyond which he cannot remain on the property. Mr. Bolin said that in the lease agreement the date is listed as February 28, 2011. If Mr. Kim stays beyond that date he will be charged $179 per day until he is out of the building. Chairperson Commers asked if the building needed to be demolished. Mr. Bolin answered yes, the reason the city would like Mr. Kim to vacate the property is so the city can complete the hazardous materials assessment and demolish the building. It would be economical to demolish the Select Products and Sikh Society building at the same time. It would also be advantageous to have the buildings demolished before the road restrictions take place. Chairperson Commers asked staff to put together a time table so HRA can see the process, what will take place and when. Commissioner Gabel asked if the abatement is standard procedure. Mr. Bolin said this was done last year on another lease back property, this has been done before and is a standard procedure that is in place. Commissioner Eggert asked if there were any concerns about the hold over and if the $179 per day is a fixed charge. Mr. Bolin said that fee would be charged until Mr. Kim vacates the premises. Commissioner Eggert asked how long Mr. Kim could stay on the premises. Chairperson Commers suggested staff putting an out date on the agreement Mr. Bolin said this information is spelled out on section 16. It states that the city can do whatever it takes by law to move Mr. Kim off the property; any time after February 28, 2011. MOTION by Commissioner Gabel to approve the Purchase Agreement for 6061 University Avenue. Seconded by Commissioner Eggert. UPON VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY INFORMATIONAL ITEMS: 1. Housing Replacement program TIF district financial overview Paul Bolin, HRA Executive Assistant Director, said that the Statute requires a formal process for the reauthorized program. This was originally established in 1995; Phase II — 1997, Phase III — 2001, Phase IV — 2004 and Phase V — will allow the streamlined addition of up to 78 parcels. Mr. Bolin said that inclusion of detailed financial assumptions allow the Authority to add parcels meeting criteria at any time. HRA will hold a hearing on December 2"d, Council will hold a hearing and take action on December 13th. Greg Johnson will provide an overview of financial assumptions. Greg Johnson, Development Consultant, reviewed numbers in the packet that was distributed to the Authority. Section 1C Assum tip •ons: The tax increment is for all 78 new parcels. The amounts are based on the value of the land which the assessed value average is about $50,000. These numbers are assuming the homes will be tear down houses with the land being sold to a developer. The value of the new home is assumed at $200,000. The average value of the city houses are $175,000 right now but these will be new houses. Those numbers are how the $3.9M was reached and the new market value of $15.6M. The estimated tax increment is $105,000 annually. Each parcel can be in a TIF district for 16 years. Chairperson Commers asked about the reduction in the city aid where the city loses some funds under this program. Mr. Johnson said that could come out of the city budget but that would be gone whether the project is in the TIF district or not. Chairperson Commers said he thought the city was reimbursing some of the cost of lost revenue to the city, he asked for staff to look into that and see what effect it would have on this program. 0 Mr. Johnson said that the total budget for the HRA would be $10,085,881, including administrative fees. This program requires a local match that could come out of the revolving loan program. HRA will always be getting approval on purchases etc. and this budget reflects the worst case scenario. Mr. Bolin said that at some point there may be a swing in the market and these numbers are based on what the market is today. Commissioner Eggert asked about the assessed value of the land, if that is the number that is used and the structure is always valued at zero. Mr. Johnson answered yes, the law states the value is the assessed land value. Chairperson Commers asked if each phase would be approved separately. Mr. Johnson said that it would be easier to approve each purchase that is made. Mr. Bolin said that there will be a resolution for HRA to add additional parcels. Commissioner Meyer asked how the number of 78 parcels came about. Chairperson Commers said that the 78 parcels is remaining on the new legislation of 100 units. HRA has already done 22 over the years so there are now 78 left. Commissioner Meyer asked if these were just numbers or if actual parcels have been acquired. Chairperson Commers said that only two more were added, none of the properties are identified right now. Commissioner Holm noted that when you look at all the numbers and local contribution, potential transfers in etc., it implies HRA may spend $4.5M and are improving the housing stock, adding to tax value, the city and school districts. The money will be coming out of HRA and HRA will not recover all of the expenses. Mr. Johnson confirmed that is correct, HRA will not be recovering what they will be putting in. Commissioner Holm said that overtime the city will be collecting funds through property taxes so it will be putting an investment to good use for the city. Mr. Johnson agreed these are community investment dollars. 2. Home remodeling demonstration program Paul Bolin, HRA Executive Assistant Director, said that the demonstration home at 831 Mississippi Street had two showings in the past month. The lack of traffic seems to be on par with other for sale homes in the north metro. Staff have been looking at potential remodels and they have found a one level living home. If an offer is made and accepted, staff will share more at the next meeting. The split level homes are more difficult to find. 3. Housing Loan Program Update Paul Bolin, HRA Assistant Executive Director, said that in September two RLF loans were closed and one Deferred loan was closed. Year to date there are a total of five RLF loans, two Deferred loans and six other loans for a total of 13 loans year to date. The remodel advisor had four visits in September and a total of 12 year to date NONAGENDA ITEMS: Northstar Staff has received some encouraging news from Metro Transit. They are looking to start a new bus route connecting Fridley employers with the train. Metro Transit is applying for a Federal Jobs Access Reverse Commute (JARC) grant. The proposed route would meet each weekday train and provide service to Medtronic, Cummins, Unity and other employers located along the proposed route. Commissioner Meyer asked if the proposed busses would be free that meet the trains. Mr. Bolin said he was not sure. Most people will have a transfer slip from the rail to the final destination so they would have already paid. Waters of Fridley Should break ground before the end of the year. Faulkner Development Footings were being poured this afternoon and we should see walls being erected within the next two weeks. Mowing Contract Chairperson Commers commented that the city charges were pretty high. Mr. Bolin said that he thought the same and noted that the current contractor is still lower than the city estimate. Columbia Arena Staff met with Mr. Fogerty this week and Mr. Fogerty is looking at reusing the Columbia Arena buildings and converting them into 83 units of senior living. The final application will be submitted to the city tomorrow. Commissioner Meyers said that may be quite a challenge. Commissioner Eggert said that this is the future and a very "green" approach by reconstructing �� existing buildings. Commissioner Holm said that the site has more potential than just the use of the existing building. ADJOURNMENT: MOTION by Commissioner Gabel to adjourn. Seconded by Commissioner Eggert. UPON VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY AND THE MEETING ADJOURNED AT 8:30 P.M. Respectfully Submitted, Krista Monsrud, Recording Secretary L : COMMUNITY DEVELOPMENT DEPARTMENT PLANNING DIVISION Memorandum DATE: October 26, 2010 TO: HRA Commission Members FROM: Julianne Beberg, Planning Assistant SUBJECT: Proposed 2011 HRA Commission Meeting Dates The following dates are for your review and approval of the proposed 2011 HRA Commission meeting dates. Jan. Feb. Mar. April May June July Aug. Sept. Oct. Nov. Dec. 6 3 3 7 5 2 7 4 1 6 3 1 I.&K Ad-W-1 ACTION ITEM ri HRA MEETING OF NOVEMBER 412010 CRY OF FRIDLEY Date: October 24, 2010 A, To: William Burns, Executive Director From: Paul Bolin, Asst. Executive HRA Director Subject: Home & Garden Show Admin. Contract Background The Fridley HRA has been the fiscal agent for the Home & Garden Show since its inception 13 years ago. The Cities of Mounds View and Blaine are partners in sponsoring the show. The revenues from booth rentals more than cover all of the expenses associated with the show. Since 2005, the group has contracted with Marsha Wagner (dba- Castle Visions) to perform the administrative tasks necessary for producing the Show. Marsha has become a valuable asset to those involved with the show. The Home & Garden Show planning group would again like to contract with Marsha Wagner for the 2011 Home& Garden Show. Marsha's rates are very reasonable and the show generates adequate revenue to cover the cost of contracting with Marsha. Staff Recommendation Staff recommends that the HRA approve the contract between the HRA and Marsha Wagner /Castle Visions to provide assistance with the 2011 Home and Garden Show, as detailed in the attached contract. n CV Draft — 10/5/10 CUSTOMER CONTRACT CLIENT NAME: Housing and Redevelopment Authority in and for the City of Fridley, 6431 University Avenue N. E., Fridley MN 55432, 763-572-3591 (hereinafter referred to as "Client ") CONTRACTOR: CastleVisions, Young Quinlan Building, 81 S. 91h Street, Suite 415, Minneapolis, MN 55402, 612 -338 -2122 (hereinafter referred to as "Contractor") SCOPE OF SERVICES: Contractor will provide administrative services as described in the attached Schedule 1 - Services and Compensation and other administrative duties agreed to between the parties during the term of the contract, all of which relate to the coordination of the 2010 North Metro Home and Garden Show. RATES: Contractor shall bill Client at the rate of $55.00 per hour for administrative services provided during the term of this contract, as further described in the attached Schedule 1 - Services and Compensation. Rush projects or work performed on weekends or evenings (excluding services provided on the day of the Show) will be performed at the rate of 150% of the hourly rate of the rush project. The rates set forth in this Agreement will not be increased for at least one year from the date of the agreement. Contractor reserves the right to increase its rates beyond that date with no less than 30 days' advance written notice. Contractor will invoice Client on a monthly basis for the duration of the project. CONFIDENTIALITY: Contractor will keep confidential any and all documents of Client (electronic or paper). Any and all documentation, information, files (electronic or paper) will be returned to Client upon completion of each project unless directed otherwise by Client. APPOINTMENTS: Client shall deliver and pick up work by appointment only. Client shall pay a fee of $55.00 for missed appointments (including over ' /Z hour late) unless Contractor is notified at least one hour prior to the appointment. CONSULTATION: Time spent conferring about Client's project shall be billed at the hourly rate of $55.00. CHARGES AND PAYMENT: Work shall be estimated according to the Industry Production Standards established and published by the Association of Business Support Services International Inc. and billed at the rates described in Schedule 1. Because of the varying nature and unpredictability of different projects, it is not possible to give formal estimates. Payment is due when client picks up the work, whether in draft or final form (unless otherwise agreed to by Contractor). Payment for first -time customers should be made in cash unless otherwise arranged. A fee of up to $100 may be charged for any returned check. Contractor shall retain work until payment is received. In the event of changes to the scope of work or other factors outside of Contractor's control, Contractor shall reserve the right to renegotiate this Agreement and collect for all services performed up to the date of renegotiation. PROOFREADING & REVISIONS: Work will be copy edited in pen on Client's rough draft unless Client specifically requests otherwise. An updated printout of Client's document shall be returned to Client for proofreading, and the final copy printed only after Client approves the draft. Corrections and revisions shall be billed at the regular hourly rate. Final responsibility for proofreading and approving the final draft lies with Client. Contractor cannot be held liable for typographical omissions, content, etc. North Metro Home Garden Show Admin Contract -2011 10/5/2010 Client will include a hard (printed) copy of the most recent version of the document when submitting work for revision, making any revisions directly on the copy in red pen. Client will also keep a copy at Client's office for reference in case of telephone questions. REPRESENTATIONS, WARRANTIES AND INDEMNIFICATION: Client shall indemnify, defend and hold Contractor, its agents and employees, harmless from loss, damage, liability, claims, demands, suits, and expenses, including but not limited to reasonable attomeys' fees, based on fines or penalties resulting from any failure on the part of Client to comply with any laws, ordinances, rules or regulations or failure to obtain licenses or permits as may be required on any patent, copyright, trade secret, or other intellectual property or contract rights of any person or entity. In the event that any of the services performed by Contractor are determined to be infringing, Contractor shall, at its own expense, modify or replace the same so that it is not infringing, provided that the replacements and modifications shall perform substantially the same as the replaced items. STORAGE: Files will be stored on disk for one month at no charge. Resumes are stored permanently at no charge. Client may purchase a disk and backup disk if planning to return for revisions after one month. If Client brings work in on a floppy disk or cassette tapes, Client shall first make and retain a backup copy. Contractor cannot be responsible for loss due to error or damage. TERM AND TERMINATION: This Agreement shall commence on September 30,2A for one year and may be terminated by either party upon two (2) weeks written notice to the other without cause and further provided that either party hereto may terminate this Agreement immediately upon a breach by the other of its duties hereunder. In the event of termination, Client shall pay contractor for all hours and expenses accrued up to the date of termination. In the unlikely event litigation is commenced between the parties of this Agreement, the party prevailing shall be entitled, in addition to other relief, to a reasonable sum for attorneys fees. APPROVED: CASTLEVISIONS Marsha Wagner President Date: 10-7—lo HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF FRIDLEY By: Its: Chairperson Date: -2- By: Its: Executive Director Date: SCHEDULE 1 SERVICES AND COMPENSATION A. Contractor will perform the following Services, as requested by Client, subject to the terms and conditions of the Customer Contract: 1. Administrative services related to the coordination of the North Metro Home and Garden Show, including the following specific duties: a. Prepare Planning Committee meeting agendas and minutes b. Vendor registration: mail registration materials and receive/track registrations c. Coordinate marketing and advertising efforts d. Event logistics e. Sponsor solicitation f. Coordinate workshops g. Assistance at event B. Contractor will provide no more than one hundred thirty (130) hours of services for client during the term of this contract. C. Payment for Services shall be at the following rates during the term of this Agreement: • $55.00 per hour, not to exceed $7,150.00 during the entire term of the contract. D. Reasonable expenses incurred by Contractor in performing Services will be subject to review and approval by Client. These costs include postage, printing, signs, and other out -of- pocket expenses. E. All fees and approved expenses will be paid within thirty (30) days after receiving Contractor's invoice. 11 ' INFORMATIONAL ITEM HRA MEETING OF NOVEMBER 412010 MY OF FRIDLEY Date: October 25, 2010 To: William Burns, City Managerop From: Paul Bolin, Asst. Executive HRA Director Subject: Home Improvement Demonstration Protect Update Potential Remodels Staff has secured the rambler at 4757 2nd Street for a 1 -level living remodel at a price of $80,000. Staff has been working on remodel costs with Lennox Builders to balance the cost of the improvements with the necessary resale price. Attached is a draft drawing of the improvements /changes to the home expected to cost approximately $60,000. One of the more expensive changes involves relocating the basement stairway to make better use of the space. Other changes include relocating the laundry to the main floor, widening doorways and hallways to accommodate walkers or wheelchairs, and other modifications to make the home livable on 1 level. Additionally, the home will receive new windows, roof, and siding. Staff continues to look for a suitable split level home for the remodeling program. There have been very few new listings in the past month and none that met our criteria. 831 Mississippi Street Like all other homes for sale in the North Metro, the home has had very few showings. We will continue to market the home until it sells. If the home has not sold by the time we hold the kick off open house events for 4757 2nd Street, we will also have 831 Mississippi Street open and use it as an additional opportunity to get people through the home. ll-� lll-` "Ecil, -2 4; - Klj , : ?Z-G'Io Pea) 9N 4h, n. ■' ACTION ITEM ri HRA MEETING OF NOVEMBER 4, 2010 Calf OF FRIDLEY Date: October 25, 2010 To: William Burns, Executive Directoro From: Paul Bolin, Asst. Executive HRA Director Subject: Housing Replacement Program — Awarding of Demolition Bid Hyde Park residents will have an extra special Thanksgiving this year, as the vacant garbage house located at 5825 2 112 Street will soon be demolished. A mold riddled home on Fairmont Street will be demolished during the same time frame. The two homes were purchased for inclusion in the City's housing replacement program. After demolition the lots will be placed into the program's scattered site TIF District and eventually sold to a buyer /builder team. The Authority will use the increment to pay a portion of its acquisition and demolition expenses. Staff worked with the City's Public Works Department to carryout the formal bidding process for the demolition work. A notice was placed in Finance & Commerce (October 15 & 22) and the Fridley Focus (October 21 and 28). The bid opening will take place at 10:OOAM on November 3rd. Staff will bring forward a resolution for the HRA to approve the winning bid on November 4th. I nterior of 5825 2 1/2 Street ,.., Fridley HRA Housing Program Summary Cover Page November 4, 2010 HRA Meeting n Report Loan Application Summary Loan Origination Report Remodeling Advisor Description Loan application activity (e.g. mailed out, in process, closed loans) for October and year -to -date. Loan originations for October and year - to -date. Shows the number of field appointments scheduled and completed for the Remodeling Advisor Services administered by Center for Energy and Environment. H: \— Paul's Documents\HRA\HRA Agenda Items\2010\November 4, 2010\Housing Program CoverNov.doc N Z C � R t J C N C Z O � R � V � Q cc CL ao r0. N Q O _ V Z .Q . c IL .4 ae e N' C � � 1 O J C N C i O � .2 i v Z3 .QOC Q d ate! N C O ,2 0 zai CD ECD N E Ls� V♦ � t T 0 O �V CL �a h(MOrO CFr000 1 i s j r M O r 0 d — 0 0 0 7 1 1 N M O N O O M 0 0 0 1 s N r 0 0 0 0 0 0 0 0 >I I A o 0 0 0 0 0 0 0 0 0 3 O N O O O O r 0 0 0 i c O w co w LL 3 �LL C R LL =' R L. O x 5 O .0 —j LL. LL LL m 0- O CL J ZJ LL. 3 0) 0 C L Q. E E W Y To W M E E d C C O 0U. LL )U pmt m m U. LL LL LL LU LL 4 d �aaaax�a� 0 9 i XXxxLu Lx0 CO r N co M M ©.. fi m 0 F- d N 3 W W V d t E O y- C O r ttY V .Q Q tC d s co C_ .O R O C 3 O Z3 i d C 0 m Q O Q. C O 0 v N O C Y O r.+ O C N d O Zs O c d N N O v Q R O d .O O Z �1 z v Fridley HRA Loan Origination Report October 25, 2010 Loan Originations This Previous Month Months Since 11112010 HRA Loans (incl. CFUF Discount Ic 3 11 14 HRA Deferred Loans - - - Other Loans (non -HRA) 2 2 Total 3 13 16 Funding Sources This Previous Month Months Since 1/1/2010 Fridley HRA $ 47,764.00 $ 78,264.00 $ 126,028.00 MHFA.FUF /CFUF $ - $ 61,785.92 $ 61,785.92 Fridley Discount portion for CFUF $ 936.65 $ 936.65 Met Council $ - $ - $ - CDBG/HOME $ - $ - $ - CEE $ - $ 4,000.00 $ 4,000.00 Other $ $ - $ - Total $ 47,764.00 $ 144,986.57 $ 192,750.57 Types of Units Imoroved` 'some households receive more than 1 loan, so the # of loans may not equal # of units improved This Previous Month Months Since 1/1/2010 Single Family 3 13 16 Duplex - - Tri-Plex - 4 to 9 Units - - 10 to 20 Units - - 20+ Units Total 3 13 16 Types of Improvements Interior # of Projects % of Total Bathroom remodel 1 5% Kitchen remodel 1 5% General plumbing - 0% Heating system 6 30% Electrical system 1 5% Basement finish - 0% Insulation - 0% Room addition - 0% Misc. interior projects - 0% Foundation - 0% Exterior Siding/Fascia/Soffit 1 5% Roofing 3 15% Windows/Doors 5 25% Garage 1 5% Driveway /sidewalk 0% Landscaping - 0% %�, Misc. exterior projects 2 10% 0 0 N 1 U) V L. U) O E 0 0 N N N i .Q V A H d d E .Q U a N .v m d _ 0 O O O O M O 't T d 0 0 0 O L V Q CO a • = O O O o 0 0 O O O o 0 0 T T T T T R O C fl Q N M 1 M 0« > U ++ ' 2 tmal d Voksm FRIDLEY HOUSING & REDEVELOPMENT AUTHORITY November 4, 2010 NaZe11 It p4o 3,r L The Waters of Fridley Trident Development, St Cloud, continues to slowly move forward. The group still plans to break ground on the project before the end of the year. 2. Faulkner Development Footings are going into place and permits are awaiting pick up. because of the The project had been delayed slightly 3. HRP Acquisitions Staff has negotiated the purchase of the vacant substandard home located at 434 Liberty Street The home is on a combination of a slab and crawl space and contains mold on the interior. The home will be demolished after the Authority takes possession in late November and has the hazardous materials review completed. The home s It 4. Columbia Arena Property owner Bill Fogerty is working with Ebenezer Homes on a potential retrofit of the Arena into 83 senior living units. City Staff received a formal special use permit and variance request application on October 1. The project will have ]anal use hearings at the Planning Commission on November 17th. 000 - Y i � aE 7:1a°..ia.6t.Y2:YA�C ,4,..ItfR- 1''Y.1 °t -t A 5'A'v A•G^L't4 '� S °t `-'� 5. GWNE Staff is set to close on the Tae Kwan Do property on November 19th. Mr. Kim will continue to occupy and rent the building from the HRA until the end of February. Staff will solicit demolition bids for the this building, the Sikh Society building, and the Select Products building during the month of January. Staff will bring forward a recommendation for a demolition contractor to the HRA's February meeting. Demolition will begin around the 1 st of March and be completed prior to road restrictions going into place. LO Stadrolbunexom Chapter 11 for'Bridges' developer Jerry Trooien The St. Paul businessman is seeking court protection from banks and other creditors. By SUSAN FEYDER, Star Tribune Last update: October 30, 2010 -12:40 AM St. Paul businessman Jerry Trooien, whose empire has been plagued by legal disputes with lenders and problems in his commercial real estate portfolio, has filed for a Chapter 11 bankruptcy. ,,, ` a filing this week in U.S. Bankruptcy Court, rooien listed assets of $1 million to $10 million and liabilities of $100 million to $500 million. Trooien's 20 largest unsecured creditors are owed more than $260 million, according to the bankruptcy petition. His unsecured creditors include Minneapolis -based Dougherty Funding, owed $58.1 million; Bank of America, owed $44.2 million, and PNC Bank in Cleveland, owed $34.5 million. Another unsecured creditor is the Minneapolis law firm of Dorsey & Whitney, which defended suits by Bank of America and GE Capital after Trooien's aircraft leasing businesses defaulted on loans. In 2009 Trooien was ordered by a federal judge to pay the lenders and return the planes. Attorneys for the lenders and Trooien could not be reached for comment Friday, and the petition doesn't d /11_1 Advertisement y v etail how Trooien hopes to reorganize his finances. His filing appears to have been prompted by a July court order letting GE Capital place liens against Trooien's stake in 29 business entities. The entities include limited partnerships that own millions of square feet of commercial properties in the Twin Cities managed by Trooien's company, JLT Group Inc. Trooien recently filed documents in U.S. District Court asserting that his bankruptcy action halts GE Capital's move to establish the liens. Trooien and GE Capital will argue their claims at two separate hearings next week -- one in bankruptcy court and another in district court. Trooien has been in the real estate business for more than 30 years, but the project he's best known for is the one he didn't get to build: the Bridges of St. Paul, a $1.5 billion mixed -use development with hundreds of condos, about 400,000 square feet of retail space and a large hotel on the Mississippi River across from downtown. He waged a huge marketing campaign and has said he spent almost $20 million on plans, models and drawings for the project. The St. Paul City Council rejected it, declining to rezone some of the riverfront property he had owned since the late 1980s. Since then, Trooien has kept a lower profile on the commercial real estate market scene, except for building the Sheraton Hotel Woodbury in 2008. staMmffiunexom In the last two years, several of his properties fell behind on taxes. He also suffered a setback earlier this year when U.S. Bancorp announced it would vacate and nearly empty one of his largest properties, a 325,000- square -foot building on Shepard Road in St. Paul. Susan Feyder • 612 -673 -1723 Advertisement /1---1. Format Dynamics:: C1eanPrint :: http:// www. startribune .com/local/west/l06494163.htm1. �1 ' Economic development tool for cities dissolved The Twin Cities Community Capital Fund didn't reach its full potential before it was done in by the collapse of the capital markets. By MARIA ELENA BACA'i, Star Tribune Last update: November 1, 2010 - 10:36 PM An economic development tool for metro - area cities has fallen victim to the economy Officials in two dozen participating cities and other entities are deciding their next step after the board of the Twin Cities Community Capital Fund ( TCCCF) voted to dissolve in late September. Since TCCCF was spun off from the statewide Minnesota Community Capital Fund (MCCF) in 2005, it has worked with cities and private banks to connect small businesses with gap loans to allow them to invest in property and equipment. Participants included Blaine, Brooklyn Park, Woodbury, Waconia, Belle Plain and others, plus Hennepin County and Great River Energy. Advertisement Page 1 of 3 them around for sale in the secondary capital markets, similar to the way banks sell mortgage notes. It enabled city economic development directors to leverage investments of $50,000 to $200,000 into loans ten times that amount. "It would just kind of give us a little higher playing field than a community that was not part of the program," said Curt Larson, Blaine's economic development specialist. In January 2008, for example, Brooklyn Park used the fund to help Master Transfer Co. secure a $542,000 gap loan to reach the $1.17 million needed to buy a 5 -acre parcel to store and service its fleet. The city's connection to capital was the key that allowed the trucking company to locate in Brooklyn Park, said Chad Master, the company's chief operating officer. The statewide fund remains solvent, said Scott Martin, TCCCF president and CEO. It started up debt -free, thanks to a $250,000 Blandin Foundation grant. Metro cities have been encouraged to join the Minnesota fund. Blaine is planning to do so and so will Brooklyn Park, said business developer Amy Baldwin, chairwoman of the Minnesota fund's board of directors. HEA RT SATURDAY, DECEMBER 18 01 SALE NOW - MY i� VASIN ' * 0761 Print Powered By http://www.startribune.com/templates/fdcp?1288904737175 11/4/2010 Format Dynamics :: C1eanPrint :: http:// www. startribune. com /local/west/l06494163.html... Page 2 of 3 LP 1, 1 s M-� i 11 1, Tin,- � - 71, s Until the market's collapse in the fall of 2008, the Twin Cities fund originated 14 loans r anging from $200,000 to $1.5 million -- about $7.5 million around the metro area, Martin said. The proceeds of a start-up loan from participating cities and an origination fee tacked onto each loan kept the fund solvent. Its last loan, $1.5 million to a Minneapolis private school, was processed in June 2009. "The business model was based upon access to capital, with capital coming from large financial institutions, mostly Wall Street - based institutions that were readily buying loans as investments because they would perform," Martin said. "The model doesn't work when the secondary market isn't buying loans." No loans meant no revenue, Martin said. Rather than spending down its cash on hand, the board voted at its Sept. 28 meeting to shut down. Martin hoped to close the books by the end October. Cities will be refunded all but about 5 percent of their original investments. Woodbury, which participated at the fund's Advertisement highest level, for now will probably put the refund into its Economic Development Authority account. The city has not yet made plans to shift to the statewide fund, said Planning and Economic Development Manager Janelle Schmitz. The City Council was philosophical about the loss of about $10,000, she added, saying it was worth $2,000 a year to have access to capital for Woodbury businesses even though no loans actually panned out. "It was one of those things where you want it to be there if somebody should need to access those dollars," she said. Cities that transfer their assets to the statewide fund may have to continue to sit tight until the markets recover, Martin said. However, the group is launching two smaller loan programs, one for energy efficiency improvements and another for businesses seeking a first mortgage. Both will be funded by a private investor. MCCF is also looking at other sources of funding or security, including a proposal to have the state guarantee at least part of each loan. These kinds of funds are tricky, said j r4 TICKM START AT $24 MYS+4 00' GROUP RATES ANO PACKAGES AVAILAOL91, ONiaS@ �A�i4*, 9Ki€ %�`I.S1H�ij388.�a11�EHF�i16#'D �I Print Powered By http:// www .startribune.com/templates /fdcp ?1288904737175 11/4/2010 Format Dynamics:: C1eanPrint :: http:// www. startribune. com /local/west/l06494163.html... Page 3 of 3 University of Minnesota economics professor V.V. Chart. Business loans are always risky, and these have the added problem of insulating the borrower from a savvy lender's gut business instincts. And then there's the economy. "It's not surprising that this fund folded," he said, "because these are exceptionally difficult times for everybody and these difficult times I'm sure haven't spared funds like this." Still, Martin says he believes in the model and that under "normal" circumstances the fund would have thrived. "If we could say for a fact that two or three months from now we'd be back to normal, maybe we would not have made that decision," he said. "But I couldn't tell them that." Maria Elena Baca • 612 - 673 -4409 Shortcuts To Links In Article 1. http: / /ezuri.co /2Oe61 AHvPttlS.Pment m� print Powered Bar Fe rrnlat r r s http://www.startribune.com/templates/fdcp?1288904737175 11/4/2010 Minnesota Community Capital Fund CAPI , VA! FUND About Partners Board of Directors Staff Project Financing Examples Page 1 of 2 As cities and counties throughout Minnesota face the reality of having fewer resources in the future for everything from police and fire services to parks and libraries, dozens of local governments, nonprofit economic development groups, and regional & local utilities from all around Greater Minnesota have banded together to establish an innovative new economic development financing organization - -the Minnesota Community Capital Fund (MCCF). Forty-eight MCCF charter members participated in the organizational meeting of the Fund on February 5, 2003 in St. Cloud to formally launch this unique nonprofit lending corporation and elect its first board of directors. The Northland Institute, a nonprofit organization, developed MCCF over a two -year period, and is currently managing the Fund. Scott Martin, Northland's President and MCCF CEO, explained, "MCCF is a rural economic development initiative of the Institute that was designed to increase the availability of gap - financing capital for businesses located in rural communities through the pooling of local dollars and by accessing national capital markets ". "The Fund originates loans on behalf of its members and sells all loans to a specialized community development secondary market. By selling our loans on an advance commitment basis, MCCF recapitalizes its loan fund immediately following each loan closing. This approach ensures that MCCF always has money to lend in the communities we serve." In order to accommodate rural development organizations and local governments of all sizes, MCCF memberships continue to be offered at levels ranging from as low as $25,000, up to a maximum of $250,000. This approach has allowed very small communities such as Buhl (pop. 983), Warroad (pop. 1722), and Chatfield (pop. 2394) to enjoy the same access to capital and professional lending services as much larger cities like Duluth, Winona, and St. Cloud. Regardless of the level of membership, MCCF members enjoy all of the same benefits and are able to originate loans of up to 10 times the amount of funds they have on deposit in the loan fund. http:// www. mnco= unitycapitalfLmd .org/MCCFAbout.cfin 11/2/2010 Minnesota Community Capital Fund Page 2 of 2 Applications are accepted for subordinated business loans ranging from $50,000 to $2,500,000. "Since MCCF is a gap lending source, all of our loans will be made in conjunction with local financial institutions and other economic development lenders as part of the total financing package," explained Martin. "Our goal is to be responsive to the needs of borrowers and other project lenders by offering competitive pricing, outstanding customer service, and the flexibility to get the deal done." Home fAbou t [Membership Benefit sl [Member Update sl [FAQJ FConta ct http:// www. mncommunitycapitalfund .org/MCCFAbout.cfm 11/2/2010 Minnesota Community Capital Fund FuND Page 1 of 3 FREQUENTLY - -ASKED QUESTIONS Throughout the MCCF development stage, interested organizations raised a number of questions concerning the workings of the Fund. While answers to many of these questions were not available at that time, these issues have since been addressed. The following FAQ's are intended to help prospective new members better understand the structure and operations of MCCF: How large must our organization or community be in order to become a MCCF member? There is no minimum size eligibility requirement for organizations or communities to become members of the MCCF. In fact, the Fund is designed for and encourages the participation of communities of all sizes, as well as multi - community and regional economic development organizations that want to increase their development financing capacity. The funds we have available locally to join MCCF were originally received from the Minnesota Department of Employment and Economic Development (DEED) under the Minnesota Investment Fund grant program. These funds were loaned to a local business and the repayments are being used to capitalize our local revolving loan fund (RLF). Can 1 use this money to join MCCF? Yes. The State Legislature enacted an amendment to Minn. Statute 116J.8731, subd.2 in 2002 that specifically authorizes local government units to do so. How about using city general fund dollars for this purpose? Yes, again. Minn. Statutes 469.191 authorizes cities and towns to appropriate not more than $50,000 annually out of their general revenue fund for organizations like the Minnesota Community Capital Fund. Once we're a member of the MCCF, can we increase our initial contribution level in order to be able to originate larger loans from the Fund? Absolutely. MCCF members will be able to increase their stake in the Fund at any time in order to meet their changing needs and to make the most of this new financing resource. If we are a member of the MCCF and later decide to terminate our membership, how and when will the funds that we deposited with the Fund be returned to us? http://www.mncommunitycapitalfund.org/faq.cfin 11/2/2010 Minnesota Community Capital Fund Page 2 of 3 Membership in the fund is subject to a Participation Agreement, which requires members to make a minimum three -year commitment to the MCCF. Members can withdraw their membership deposits anytime after three years from the date of the deposit of their funds, without interest, upon written request of the member. Our escrow agent is obligated to return all funds within 30 days from the date of receiving such written request. As a member of the MCCF, do we have the right to appoint a representative to the Board of Directors? No, but a representative of your organization is eligible for election to the nine - member Board that governs MCCF. Six of the nine board members are elected by the membership at the organization's annual meeting to serve three -year terms. Since the corporation has three classes.of membership (based upon the member's contribution level) each class of members elects two directors. The six elected directors are responsible for filling the three at -large director seats. Who manages the Fund? MCCF contracts with the Northland Institute, a Minnesota nonprofit corporation, to provide all necessary fund management services. Since MCCF has no full -time staff, most expenses are related directly the level of Fund loan activity. Who pays for the cost of fund management? Two primary revenue sources pay for the cost of managing the Fund: (1) the interest earnings on the pooled funds deposited by MCCF members; and (2) loan origination fees charged to borrowers. Members do not pay directly for services provided by the fund manager that pertain to the structuring of MCCF loans. However, any technical assistance provided to members that is not directly related to a MCCF loan transaction is subject to a reasonable service fee to be paid by the benefiting member. How is the Fund recapitalized? MCCF is a self - sustaining development resource, with the ongoing recapitalization of the Fund through the sale of pre - approved loans to a specialized secondary capital market. Most MCCF loans are priced at par, with the sale proceeds from our Loans going directly back into the Fund. If a Member wants to buy -down the interest rate on specific MCCF loan, the Loan is sold at a discount, so the sponsoring Member is required to make -up the difference between the loan's par value and it's sale price. Through this approach, the MCCF loan pool is continually recapitalized and funds will be readily available to make new loans to businesses in the communities we serve. What drives the price paid for a loan? http:// www. mneornmunitycapitalfund .org/faq.cfm 11/2/2010 Minnesota Community Capital Fund Page 3 of 3 The institutional investors who purchase our economic development loans seek a market rate of return. Accordingly, loans that are priced at market rates receive par value. Those priced above the market earn a premium, while those priced below the prevailing market are bought at a discount. How flexible are the Fund's lending policies? The MCCF is designed to provide a great deal of flexibility in terms of borrower eligibility, interest rates, loan terms and conditions, equity requirements, etc. The Fund's lending focus is on business and community economic development financing activities that support new job creation and job preservation, along with expansion of the local tax base. MCCF members are encouraged to work closely with the fund manager in structuring loan packages that are responsive to their needs. Is there a limit on the number of loans that a MCCF member can originate? No. The only limit is on the size of each loan that may be originated by a member from the Fund. Members are able to originate loans of up to 10 times the amount they have on deposit with the Fund. Because the MCCF works closely with the secondary market, there is no limit on the number of loans any of our members can sponsor individually, nor is there a limit on the total number of loans the Fund can originate during any given year. MCCF always has money to lend! Home About (Membership Benefitsl [Member Update sl FA Contact http:// www. mncommunitycapitalfund .org/faq.cfln 11/2/2010 Minnesota Community Capital Fund Page 1 of 1 MEMBERSHIP Benefits of Membership Participation Levels MCCF Organizational Structure Membership Updates The Minnesota Community Capital Fund (MCCF) is a Organizational Structure Minnesota nonprofit corporation that is organized and operated exclusively for purposes consistent with Section 501(c)(3) of the Internal Revenue Code. • Only those entities that participate through the deposit of funds in the MCCF loan pool can become members of the corporation. • The business affairs of the corporation are conducted under the direction of a nine - member board of directors. • The corporation has three classes of members, with each class of members having the authority to elect two directors to serve on the board. • In addition to the six directors elected by the membership, the elected directors are responsible for appointing three at -large directors to the board. • All directors serve three -year, staggered terms. Fund management is provided under contract by the Northland Institute. Scott Martin, Northland President, serves as President & CEO of the Minnesota Community Capital Fund. MCCF is designed for communities of all sizes, as well as multi- community and regional economic development organizations. Home rAbou t rMembership Benefits] [Member Updatesl Ff AQl Contact http:// www. mncommunitycapitalfand .org/MEM_OrgStructure.efin 11/2/2010 Minnesota Community Capital Fund Page Iof1 CONTACT THE FUND For more information regarding MCCF, please contact us: • Phone: (952) 546 -9049 • Toll -free: (800) 860 -6223 • Fax: (952) 541 -9684 • info mncommunitycapitalfund.org • Minnesota Community Capital Fund 13911 Ridgedale Dr, Suite 260 Minneapolis, MN 55305 Bob Palmquist, Senior Loan Officer bpalmquuist Cabmncommunitvcapitalfund.org. Direct: 218 - 529 -7562 Fax: 218 - 529 -7592 Scott Martin, President & CEO �--� smartin mncommunitycapitalfund.org_ Toll -free: 800 -860 -6223 Fax: 952 - 541 -9684 Marcy Peterson, Executive Assistant mpeterson mncommunitycapitalfund.org Toll-free: 800 - 860 -6223 Fax: 952 - 541 -9684 Home About (Membership Benefitsl (Member Update sl FAQ Contact f� http://www.rnncommuiiitycapitalfund.org/contact.c:6n 11/2/2010 0 CITY OF FRIDLEY PROJECT NO. 399 HRA HOME DEMOLITION The Bid is to be submitted on photocopies of this Proposal. PROPOSAL DEMOLITION PROJECT NO. 399 FRIDLEY HOUSING AND REDEVELOPMENT AUTHORITY Class of Work: Building demolition and disposal including parking lot removals, utility disconnects, fill, select topsoil, well abandonment, , and turf establishment. Proposal of. Name Street Address 05 ,� D ru Lc � i f c�'� City Lei State L1 N Zip Code 51 1-1 To furnish and deliver all materials and to do and perform all work, in accordance with the Contract and the approved Minnesota Department of Transportation Specifications, dated August 31, 2005, on file in the office of the Director of Public Works and the "Special Provisions" contained herein for: DEMOLITION PROJECT NO. 399 INCLUDES THE FOLLOWING PROPERTIES: 5825 2' /a Street NE 23- 30 -24 -23 -0152 521 Fairmont Street NE 03- 30 -24 -23 -0088 1268 CITY OF FRIDLEY PROJECT NO. 399 HRA HOME DEMOLITION CrUVY%iTi Ti n1V DDird -vo 127 R - a aua.. a:JIJ ITEM NO. DESCRIPTION UNIT _QUANTITY I UNIT COST EXTENDED SCHEDULE A — GENERAL SITE WORK — BOTH LOCATIONS 1 Mobilization, Traffic Control, and Site $ $ Control LS 1 '232 9.60 2 Building Demolition, Disposal, and $ $ Backfill EA 2 3 Driveway Removal and Grading LS 1 $250 -M $ 4 Clearing and Grubbing LS 1 $ -20-M $ Z 5 Remove Existing Fence (including $ $ Post) LS 1 2L-10-3 9WW 6 Utility Service Removal and $ $ Disconnects (water and sewer) EA 4 10 7 4" Select Topsoil Borrow LS 1 _5WD,0D $ 8 Turf Establishment LS 1 $ $ SUBTOTAL SCHEDULE A$ SCHEDULE B - ENVIRONMENTAL SITE WORK - 5825 2'Yz STREET NE 9 Removal/Decommissioning of $ $ --Special Hazardous Waste LS 1 �00 03 10 9x9 Living Room Flooring SF 240 $ h $ 11 Gray Seam Caulk on Decorative $14 $ Brick Exterior LF 20 013 �bb w : 12 Transite Siding (both front and sides of front of pro ert) SF 920 SUBTOTAL SCHEDULE B$ SCHEDULE C - REMOVALS - 5825 2'Y2 STREET NE 13 Tar Paper SF 1080 14 Resin Paper LF 160 $ �i M ®B I D 15 Wall Sheeting SF 80 $ 16 Sheetrock and Joint Compound SF 210 $ $ 17 Self Sticking Sheet Flooring SF 320 $ $ 18 Flooring SF 30 $ N $ ® 1 19 Wall Board Adhesive SF 120 $ l $ �' 20 White Fibrous Insulation SF 780 $ (D $ 0 1 21 Brown Fiberboard SF 920 $ �t 127 R CITY OF FRIDLEY PROJECT NO. 399 HRA HOME DEMOLITION ITEM NO. DESCRIPTION UNIT EST. QUANTITY UNIT COST EXTENDED COST 22 Asphalt Shingles w/ Tar Paper SF 1260 $' 0 $ M 1 SUBTOTAL SCHEDULE C C SCHEDULE D - EQUIPMENT/MATERIALS - 5825 2' /x STREET NE 23 Solid Waste — Possible Hazards YDS 80 $ 5 , $ 24 Household Hazardous Waste(Cleaners -all unknown li uids)30Gallon Drums RMS 6 $ jib Ccl $ -3 25 Television- Circuitry EA 1 $ o 26 Telephone - Circuitry EA 1 $ 27 Furnace - Circuitry EA 1 $ 0 1 28 Gas Engine -oil EA 1 $ 0 �*Lo 29 Gas Powered Scooter EA 1 $ ® % 30 Sandblasting Equipment - Circuitry EA 1 $ ' (A - ` iii SUBTOTAL SCHEDULED$ ``���� 2 314 3 to SCHEDULE E - ENVIRONMENTAL SITE WORK - 521 FAIRMONT STREET NE 31 9X9 Black Floor Tile w/ Mastic (underc et on concrete LR SF 130 150 $1 G1 32 9X9 Black Floor Tile w/ Mastic under carpet on concrete) Bedroom SF 81 $ 3, C)�) $ C) 33 Black Vent Flashing SF 2 $3' (l) $ 34 Ceiling (Lead Base Paint Sheet Rock) Bathroom SF 10 $ ZD. LZ ' $ Z (1(�. 03 SUBTOTAL SCHEDULE E$ g �. CHEDULE F - LIGHT BULBS, ETC - 521 FAIRMONT STREET NE 35 Mercury Containing Thermostats EA 2 $ t $ 36 8' Light Bulbs EA 8 $ )p $ 37 Halogen Lights EA 2 $ 38 Ballasts EA 4 $ C l o 39 Smoke Detectors EA 3 $ 1 40 HID EA 2 $l SUBTOTAL SCHEDULE F$ CHEDULE G - REMOVALS - 521 FAIRMONT STREET NE 41 Sheetrock and Joint Compound SF 2690 42 Brown Fiberboard SF 2375 $' 1 �1 128 R will r WRITTEN IN WORDS4pcj i�r � r-�' Q i (b d 3 O i1 i�� y �°d tb IV f\, �1 � d fU , o L in The contract award shall be based upon lowest Total Bid Price. It is understood that the Owner reserves the right to reject any or all bids and to waive minor irregularities. It is also understood and agreed that this proposal may not be withdrawn within sixty (60) days after bid closing date. Receipt of the following addenda the specifications is acknowledged. Addendum No. 1 Signed:_ a- Dated:�(�� 129 R w I r Ur MJULtY PROJECT NO. 399 HRA HOME DEMOLIT ITEM NO. 43 DESCRIPTION Tar Paper Behind Vinyl Siding UNIT U EST. ANTITY UNIT COST EXT ENDED COST SF 2375 44 White Vinyl Baseboard Adhesive LF 30 $ 45 12X12 Gray Ceramic Floor Tile S Grout and Adhesive SF 1991 $ 46 White Window Glazing LF 16 $ 47 White Fibrous Insulation CF 695 $ 48 Grey Fibrous Insulation CF 695 $ 49 Resin Paper Behind Sheetrock Walls SF 975 a� 50 White Window Seam Caulk (8 Windows LF 24 . $ � oaf � i 51 Grey Asphalt Shingles with Tar Paper $ Layer SF 695 0 �1 SUBTOTAL SCHEDULE G$ NO CHEDULE H - EQUIPMENT/MATERIALS 521 FAIRMONT STREET NE 52 Whirlpool Refrigerator - ODC EA 1 $ � i � $ 3 CD 53 Kenmore Washer/Dryer- Appliance EA 1 $ $ � 54 Kenmore Microwave — Appliance EA 1 $ , �}� $ 55 Whirlpool Gas Stove Appliance EA 56 Empire Wall Mounted Heater- $ A liance, Circui EA 1 57 Richmond Water Heater - Circuitry 40 g $ Gallon EA `r �\ `� 58 Garage Door Control - Circuitry EA • 59 Garage Door Opener - Circuitry EA 1 $ $ J SUBTOTAL SCHEDULE H$ TOTAL BID PRICE (A + B + C + D + E + F + G + H) Z-6, will r WRITTEN IN WORDS4pcj i�r � r-�' Q i (b d 3 O i1 i�� y �°d tb IV f\, �1 � d fU , o L in The contract award shall be based upon lowest Total Bid Price. It is understood that the Owner reserves the right to reject any or all bids and to waive minor irregularities. It is also understood and agreed that this proposal may not be withdrawn within sixty (60) days after bid closing date. Receipt of the following addenda the specifications is acknowledged. Addendum No. 1 Signed:_ a- Dated:�(�� 129 R CITY OF FRIDLEY PROJECT NO. 399 HRA HOME DEMOLITION Enclosed herewith find bidder's bond in the amount of .$ being at least five (5 %) per cent of the amount of the proposal, made payable to the Fridley Housing and Redevelopment Authority as a proposal guarantee which it is agreed by the undersigned will be forfeited in the event of the Form of Contract and Bond is not executed, it being awarded to the undersigned: This proposal date '— day of �'j'71 y' , 2010. Signed: an individual, and Signed: a partnership. Partners: Name Address iv ame Address Name Address P. O. Address P. O. Address Name Address Signed: , for CCU ��tn CS I nC. , a corporation, incorporated under the laws of the State of 1 � 11"1Y1�� Name o� President Business Address Corporate Seal Name of Secretary Business Address �2t 5 9Dt'l jl C� Sit' Name of Treasurer Business Address NOTE: Signature shall comply with MnDOT 1206 of the Specifications. 130 R 0 November 2, 2010 NOTICE OF ADDENDUM NO.l DEMOLITION PROJECT NO. 399 FRIDLEY HOUSING AND REDEVELOPMENT AUTHORITY Notice to Bidders CITY OF FRIDLEY, MN This addendum shall be attached to the Contract Documents and shall be included as part of said Contract Documents. This Addendum consists of 6 pages, including the attached Proposal (Revised 11/2/10). Incorporate this addendum into the Contract Documents. Be advised that the original Proposal is being =laced with the attached revised Proposal. Revised Pro sal shall be submitted as part of the required bidding documents at the bid opening Acknowledgement of addenda is required for a responsive bid. Revised Proposal (attached) 1. Page 129, Remove — "SCHEDULE G - EQUIPMENT/MATERIALS 521 FAIRMONT STREET NE- Replace — "SCHEDULE H - EQUIPMENT/MATERIALS 521 FAIRMONT STREET NE" 2. Page 129, Remove — "TOTAL BID PRICE (A + G)" Replace — "TOTAL BID PRICE (A + B + C + D + E + F + G + H)" 3. Page 129, Add: "Addendum No. 1 Signed: Dated• _ I l -(3- I a „ Addendum Acknowledgement: 1. I acknowledge that the proposal has been revised and is to be incorporated into the bid documents. Please acknowledge the addendum on Page 129 of the Revised Proposal as submitted with your bid.