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1981-17552 HRA RESOLUTION NO. 175 RESOLUTION AUTHORIZING ACCEPTANCE OF BID AND EYECUTION OF A CONSTRUCTION AGREEMENT FOR FHA SECTION 235 HOUSING WHEREAS, the Housing and Redevelopment Authority (HRA) has determined that there is a need for moderate income housing in the City of Richfield; and WHEREAS, the HRA has acquired sites for this housing which are legally described as: Part of Lot 9, Block 2, Kendale Addition; and Part of Lot 5, Block 4, Betcher's Addition, Hennepin County, Minnesota; and WHEREAS, specifications have been developed and approved by the HRA for construction at each site; and WHEREAS, the HRA authorized bids to be received and bids were formally opened at 11:00 a.m., September 2, 1981; ahd WHEREAS, the bids were evaluated based on the specifications; and WHEREAS, the bid proposal, from Lida Construction Inc., was found to have proper form and proper bid security with detailed plans acceptable to the HRA; and WHEREAS, Lida Construction Inc. proposes to construct two FHA Section 235 houses for a total cost of $101,568 , utilizing these plans, as modified, and approved by the HRA and FHA; and WHEREAS, a construction agreement wi11 be utilized to ensure that Lida Construction Inc. performs in accordance with plans and specifications. N06+T, TiiEREFORE, BE IT RE50LVED BY THE HOUSING AND REDEVELOPMENT AUTHORITY OF RICHFIELD: 1) that the bid from Lida Construction Inc. for constructing two FHA Section 235 houses for $101,568 is accepted; 2) that the Chairman and E~:ecuti~•e Director are autllori~ed to execute a construction agreement with Lida Construction, Inc.; _ 3) that the F::rcutive I)i rector i.s authoris~~l to r`loaso ttlo bid security once the contrzct, h.ls hc~t~n c~x~~cuted. A~ f Passed by the Housing and Redevelopment Authority of Richfield this 4th day of September, 1981. T as E. Ha s, Chairman ATTEST: Michael Freeman, Secretary ~_J