03. Resolution 4444 - Award Bid - Lot 4 Teton TerraceDATE: January 8, 1999
TO: Glen Neier, City Attorney
FROM: Susan Moyer, Housing Manager
SUBJECT: Award of Bids — Council Agenda for January 19, 1998
On December 23, 1998 we opened bids for a duplex type structure in Teton Terrace and two
single family stand alone homes in Woodland Court. Pacific Homes and Land, Inc. was the
successful bidder for all four units. Will you please prepare a resolution for the council to
authorize the sale of these properties as follows:
Teton Terrace — A subdivision of Porta Villa #2, records of Flathead County, located in the NE
1/4 of Section 12, T28N, R22W, P.M.M., Flathead County, Montana
Lot 4 has a cash sale of land and foundation work of $10,728 and a $13,000 zero interest
deferred 30 year mortgage.
Ownership of Lot 3 remains with the City of Kalispell and the completed structure will be
utilized as a model until the project is close to completion. Therefore, the contractor will be paid
directly by the city for his construction costs on this particular unit.
Woodland Court - Located in the SE 1/4 of SE 1/4, Section 17, T2SN, R21 W, P.M.M., Flathead
County, Montana
Lot 19 has a cash sale of land and foundation work of $25,574 and a $16,000 zero interest
deferred 30 year mortgage. Lot 22 has a cash sale of land and foundation work of $25,703 and a
$16,000 zero interest deferred 30 year mortgage.
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Cc: Theresa White, Clerk of Council
RESOLUTION NO. 4444
A RESOLUTION AUTHORIZING THE ACTING CITY MANAGER, FINANCE DIRECTOR
AND CLERK OF COUNCIL TO EXECUTE THE DOCUMENTS NECESSARY TO TRANSFER
LOT 4, TETON TERRACE, RECORDS OF FLATHEAD COUNTY, LOCATED IN THE
NE%, OF SECTION 12, T28N, R22W, P.M.M, FLATHEAD COUNTY, MONTANA TO
PACIFIC HOMES AND LAND, INC.
WHEREAS, the City Council of the City of Kalispell
recognizes a need for affordable housing within the
City, and
WHEREAS, the creation of affordable housing opportunities
has been established as a goal by the City, and
WHEREAS, the City has applied for and received a Community
Block Grant in the amount of $400,000.00 and a
Montana Home Investment Partnership Program in the
amount of $400,000.00 and will use a portion of
each grant to fund site development and
construction assistance to build the five single
family detached residences on said property and
other single family detached residences on
remaining lots owned by the City within the Teton
Terrace Subdivision, and
WHEREAS, the City intends to utilize the lots created and
improved to make property available to low income
first time home buyers meeting certain eligibility
requirements established by the Planning, Economic
and Community Development Department of the City of
Kalispell, Glacier Affordable Housing and lending
institutions responsible for providing construction
financing, and
WHEREAS, the City of Kalispell, a municipal corporation owns
certain real property, to wit: LOT 4, TETON
TERRACE, RECORDS OF FLATHEAD COUNTY, LOCATED IN THE
NE1/, OF SECTION 12, T28N, R22W, P.M.M, FLATHEAD
COUNTY, and
WHEREAS, the City intends to utilize the lots created and
improved to make property available to low income
first time home buyers meeting certain eligibility
requirements established by the Planning, Economic
and Community Development Department of the City of
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Kalispell, Glacier Affordable Housing and lending
institutions responsible for providing construction
financing, and
WHEREAS, the PECDD, Glacier Affordable Housing and local
lending institutions adopted a procedure whereby
reputable contractors within Flathead County
submitted competitive proposals to build pre -
designed single family detached residences on the
within described real property for sale to pre -
qualified individuals desiring to obtain affordable
housing, and
WHEREAS, based upon review of proposals submitted by said
contractors, Pacific Homes and Land, Inc. submitted
the most acceptable proposal to build a duplex on
the above described real property, and
WHEREAS, the Montana Board of Housing has agreed to provide
up to $2,400,000.00 for the purpose of providing
permanent financing to qualified first time home
buyers, and
WHEREAS, the proposed project, because it is directed at low
income first time home buyers, requires that
individual lots be sold at less than the fair
market value, and
WHEREAS, the property is not held in trust by the City of
Kalispell fora specific purpose and therefore does
not require an election in order to authorize its
sale, and
WHEREAS, the property is not necessary for the conduct of
City business nor for the preservation of property
owned by the City and it is in the best interest of
the City of Kalispell and its inhabitants to sell
said property to pre -qualified low income first
time home buyers as described herein.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
KALISPELL, MONTANA AS FOLLOWS:
SECTION I. That the Acting City Manager, Finance Director
and Clerk of Council are hereby authorized and
directed to execute all necessary legal
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documents to transfer all right, title and
interest that the City has in LOT 4, TETON
TERRACE, RECORDS OF FLATHEAD COUNTY, LOCATED
IN THE NEIA, OF SECTION 12, T28N, R22W, P.M.M,
FLATHEAD COUNTY, MONTANA to Pacific Homes and
Land, Inc. for Ten Thousand, Seven Hundred and
Twenty-eight Dollars ($10,728.00) cash and
other valuable consideration, together with a
Note in the amount of Thirteen Thousand
Dollars ($13,000.00), bearing no interest,
secured by a Second Mortgage.
SECTION II. Said Note, secured by a Second Mortgage shall
be assumed by the purchaser of the respective
lots and be assigned to Glacier Affordable
Housing at the time of closing of the
permanent loan. Said Note shall be due on
sale or refinance of said property secured by
the Second Mortgage.
SECTION III. That the proceeds of the sale of the lots,
authorized herein, shall be used to complete
City obligations for the full development of
Teton Terrace Subdivision for the benefit of
low to moderate income buyers within the City
of Kalispell.
PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF
THE CITY OF KALISPELL THIS DAY OF , 1999.
William E. Boharski - Mayor
Attest:
Theresa White
Clerk of Council
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