Agenda Packets - 2012/03/05 - Laserfiche WebLink

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The purchase agreement with Kolasa shows a sale pri ce of $175,000, he sai d. “It’s a reasonable offer,” B rown said. The HRA finished ahead on the deal to sell the Juni per S treet home and broke even on 109th Avenue, whi le taki ng a $9,000 loss on D ogwood, he said. The Crooked Lake home, purchased for $110,000, was “in pretty bad shape” when purchased by the HRA , Brown said. The home was remodeled for $75,000 by Lennox B ui lders. Remodeling included replacing the old furnace and wi ndow air condi tioner with a hi gh-efficiency heati ng and central ai r condi ti oni ng system, New high effi ciency windows were i nstalled and all the paint used to repai nt the enti re house was recycled. On the outside of the home, the si di ng was replaced, the roof re-shi ngled with some changes made to the roof line to make it more attracti ve and a front porch was constructed. The dri veway was resurfaced and new landscapi ng put i n. Lennox completely gutted the i nsi de of the house. A master sui te was created on the upper level by removing a wall, whi le the entry way was enhanced to include more space. All the Sheetrock, windows and doors were replaced during the remodeli ng. Origi nally, there were two decks off the back of the house. The lower deck was removed because it di d not meet code, while new stai rs were i nstalled from the upper deck to the ground and the upper deck was re-stai ned. In additi on to the fresh coat of pai nt, new cabi nets, counter tops and appli ances were i nstalled i n the kitchen. Through the Home for Generati on program, the HRA purchases older vacant/foreclosed homes i n the city, has them remodeled and then sells them. But the purpose of the program is also to provi de remodeling ideas for people who are looking to remodel and moderni ze thei r own homes at an affordable cost, which is why pre-construction, mi d- construction and post-constructi on open houses take place at the properti es. A fi fth home, an Orrin Thompson rambler at 11635 Xavi s S t. N.W. in the Thompson Hei ghts neighborhood just west of Coon Rapi ds High S chool, was purchased by the HRA earli er this year. But remodeli ng on that home won’t start unti l ei ther late thi s year or early i n 2012. The HRA is also planning to take a look at the future direction of the Home for Generati ons program, putting the acqui siti on of properties on hold. Peter Bodley is at peter.bodley@ ecm-inc.com