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Item No. <br /> Meeting Date: 5-3-99 <br /> Staff Report No. <br /> Type of Business: WK <br /> WK:Work Session;PH:Public Hearing; <br /> CA:Consent Agenda;EDBA:EDA Business <br /> Mounds View Economic Development Authority <br /> Staff Report <br /> To: Honorable Mayor and City Council Members <br /> From: Steve Dorgan, Housing Inspector <br /> Item Title/Subject: Redevelopment Proposals— 6991 Pleasant View Drive <br /> Date of Report: April 26, 1999 <br /> SUMMARY <br /> Staff has received 5 proposals from Builder/Buyer teams for redevelopment of the Housing <br /> Replacement Program lot located at 6991 Pleasant View Drive. The Request for Proposal (RFP) <br /> approved by the EDA required a minimum of 3 bedrooms, 2 baths, 2-car garage with a minimum <br /> lot price of$40,000. The submitted proposals are as follows: <br /> Builder/Developer Bid Price Total Sq.Ft. Est.Value #Bedrms #Bathrms #Garage Stalls <br /> Advanced Design $40,750 1,800(900 expan.) $180,000 3 2 V2 3 <br /> Focus Realty $40,000 2,000 $138,970 3 2 2 <br /> Help You Build $45,000 2,000 $175,000 2(2 exp.) 3 (1 exp.) 2'/2 <br /> Marquis Builders $49,500 1,600(1,600 expan.) $184,500 3 (+exp.) 2(+exp.) 3 <br /> Vista Construction $47,250 1,860(600 expan.) $181,250+ 3 (1 exp) 2(1 exp.) 3 <br /> A) Advanced Design Inc. (Exhibit A) - The proposal includes a bid of$40,750 for the lot. <br /> Two separate options have been submitted for the house design. The first is a walkout <br /> rambler with 1,400 square feet per floor, three car garage, 2 1/2 baths with an estimated <br /> value of$175,000. The second option is a two-story walkout with a 1,800-finished <br /> square feet with an additional 900 square foot expansion in the basement. This includes 3 <br /> bedrooms, 2 '/baths, and three-stall garage with an estimated overall value of$180,000. <br /> B) Focus Realty (Exhibit B)—The proposal includes a bid of$40,000 for the lot. The home <br /> will be approximately 2,000 finished square feet with 3 bedrooms, 2 baths and a 2-stall <br /> garage. The home will have an estimated value of$138,970. <br /> C) Help You Build Inc. (Exhibit C)—The proposal includes a bid price of$45,000 for the <br /> lot. The home will be approximately 2,000 finished square feet with 2 bedrooms and 2 <br /> additional bedrooms to be finished later. The proposal also includes 3 baths with 1 <br /> additional bath to be finished later and a 21/2-stall garage. The home will have an estimated <br /> value of$175,000. <br /> D) Marquis Builders, Inc. (Exhibit D)—The proposal includes a bid of$49,500 for the lot. <br /> The home will have approximately 1,600 finished square feet with additional 1,600 square <br /> foot expansion to the lower level (to be determined on final plan). The proposal also <br /> includes 3 bedrooms, 2 baths and a 3-stall garage with an estimated overall value of <br /> $184,500. <br />