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07/26/2010 ORIGINAL RESOLUTION NO. 15042 RESOLUTION OF THE COUNCIL OF THE CITY OF REDWOOD CITY APPROVING A TRANSFER FROM THE COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) MULTI- FAMILY REHABILITATION FUNDS TO PHASE 1 OF THE 1306 MAIN STREET APARTMENTS REHABILITATION PROJECT WHEREAS, in July of 2009, 1306 Main Street was acquired for the purpose of providing affordable housing to meet the Council adopted Consolidated Plan goals for 2005 -2010 to meet the needs of low income and special needs populations through the Housing First Program; and WHEREAS, the real property located at 1306 Main Street Redwood City California (hereinafter the "Property ") is a multi family building having a total of 23 units, comprised of a one bedroom unit and 22 studio units; and WHEREAS, the City Manager authorized a public works contract for $90,874.00 to repair and rehabilitate seven of the vacant units at 1306 Main Street (Phase 1); and WHEREAS, two subsequent change orders increased the value of the Phase 1 contract by $8,165.00 to a sum of $99,039.00; and WHEREAS, due to the extent of repair and rehabilitation required, an additional change order that includes replacement of all doors, heaters and toilets, additional electrical repairs, and additional large debris removal is now necessary to complete the rehabilitation of the seven vacant units in the amount of $16,532.00; and WHEREAS, a final change order up to $5,000.00 is also anticipated to complete the "punch list" items to complete Phase 1. NOW, THEREFORE BE IT RESOLVED BY THE COUNCIL OF THE CITY OF REDWOOD CITY, AS FOLLOWS: 1. The City Council approves the appropriation transfer of $21,532.00 from Community Development Block Grant (CDBG) multi - family rehabilitation funds (Account No. 257 - 68361 -93 -1732) to Phase I of the 1306 Main Street Apartments Rehabilitation Project (Account No. 257 - 68383 -93- 1732). 2. This resolution is effective immediately. ATTY /RESO /RESO.2035 #15042 071910 MUFF # 304