CONSENT AGENDA
Resolution 26-65 - State Housing Initiatives Partnership (SHIP) Housing Rehabilitation Loan
Approval
No
No
This loan will provide $71,312.00 in Housing Rehabilitation (SHIP) funding to rehabilitate single-family home located in Ward 4 at 1002 3rd Avenue East, Bradenton, FL 34208. The contractor bid submitted by Construction by Cadena, LLC, for $71,312.00 was determined to be the most responsive bid for this project.
As the homeowner resides within the Downtown Community Redevelopment Area (CRA), a CRA grant in the amount of $16,680.00 will be applied toward the cost of installing a metal roof and windows once the project is completed. This grant will reduce the total loan amount to $54,632.00
The City of Bradenton receives SHIP funding on an annual basis for housing related activities. (SHIP Fund 180).
Reviewed by the City Attorney.
Motion to approve Resolution 26-65.