04. Resolution 4437 - Bids - 12 & 13 Teton Terrace & Resolution 4438 - Bids - 14, 15, 16 Teton TerraceInter Office Memorandum
DATE: December 1, 1998
TO: Glen Neier, Interim City Manager
FROM: Susan Moyer, Program Manager
SUBJECT: Re -Awarding of Bid — Teton Terrace & Council Approval to Bid
Glen, please prepare a resolution awarding the sale of the following lots in Teton Terrace:
Lots 14, 15 and 16 for a purchase price of $16,000 each which will be in the form of a
zero interest deferred mortgage to Timberland Construction, Inc. and ultimately to the
buyers. The reason for the total deferment is due to the $7,000 higher construction cost
by having to award to the next lowest bidder. The buyers were previously advised and
qualified by the lending institutions based on the original bid as well as Buy/Sell
agreements have been signed.
Lots 12 and 13 to Pacific Homes and Land, Inc. for a cash purchase price of $3,000 each
and a zero interest deferred mortgage in the amount of $13,000. The buyers for these
units are in the 50% of median income range.
The legal description is: Teton Terrace, a cluster development, located in the Northeast 1/4 of
Section 12, Township 28 North, Range 22 West, Principal Meridian, Montana, Flathead County,
Montana.
In addition to the above resolution, we need council approval to bid Lots 3 & 4 in Teton Terrace
as well as Lots 19 & 22 South Woodland Court. I am preparing a bid packet now and will
advertise the day after council approval.
Cc: Theresa White, Clerk of Council
C:\myfiles\homeowner\bids
RESOLUTION NO. 4437
A RESOLUTION AUTHORIZING THE ACTING CITY MANAGER, FINANCE DIRECTOR
AND CLERK OF COUNCIL TO EXECUTE THE DOCUMENTS NECESSARY TO TRANSFER
LOTS 12 AND 13, TETON TERRACE, RECORDS OF FLATHEAD COUNTY, LOCATED
IN THE NE1/,, 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: LOTS 12 AND 13,
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
F:\wp\res\teton terr4.wpd 1
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 single family
detached residences 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 for a 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.
F:\wp\res\teton terr4.wpd 2
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
documents to transfer all right, title and
interest that the City has in LOTS 12 AND 13
OF TETON TERRACE, RECORDS OF FLATHEAD COUNTY,
LOCATED IN THE NE1/,, OF SECTION 12, T28N, R22W,
P.M.M, FLATHEAD COUNTY, MONTANA to Pacific
Homes and Land, Inc. for Three Thousand
Dollars ($3,000.00) cash for each Lot,
together with a Note in the amount of Thirteen
Thousand Dollars ($13,000.00) for each Lot,
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 , 1998.
William E. Boharski - Mayor
Attest:
Theresa White
Clerk of Council
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RESOLUTION NO. 4438
A RESOLUTION AUTHORIZING THE ACTING CITY MANAGER, FINANCE DIRECTOR
AND CLERK OF COUNCIL TO EXECUTE THE DOCUMENTS NECESSARY TO TRANSFER
LOTS 14, 15, AND 16, TETON TERRACE, RECORDS OF FLATHEAD COUNTY,
LOCATED IN THE NE1/,, OF SECTION 12, T28N, R22W, P.M.M, FLATHEAD
COUNTY, MONTANA TO TIMBERLAND CONSTRUCTION.
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: LOTS 14, 15 AND 1G,
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
F:\wp\res\teton terr3.wpd 1
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, Timberland Construction submitted the
most acceptable proposal to build single family
detached residences 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 for a 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.
F:\wp\res\teton terr3.wpd 2
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
documents to transfer all right, title and
interest that the City has in LOTS 14, 15 AND
16 OF TETON TERRACE, RECORDS OF FLATHEAD
COUNTY, LOCATED IN THE NE',,, OF SECTION 12,
T28N, R22W, P.M.M, FLATHEAD COUNTY, MONTANA to
Timberland Construction for Sixteen Thousand
Dollars ($16,000.00) cash for each Lot,
together with a Note in the amount of Sixteen
Thousand Dollars ($16,000.00) for each Lot,
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 1998.
William E. Boharski - Mayor
Attest:
Theresa White
Clerk of Council
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