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Home My WebLink AboutBID SHEET (4) City of Waterloo Property Bid Sheet Property to be bid upon: 2554-2556 Edgemont Avenue Name in which property would be transferred: Name of bidder: ti) e (1.1 y Address of bidder: `/, Phone &Fax number of bidder: -L: - '"1- / 3/ — /- My offer for property be bid upon: .f ra l -'G/ $1,000.00 earnest fee: (Note this amount is refundable for unsuccessful bidders. The fee will not be refunded for successful bidders who withdraw their offer.) Brief Description of intended Improvements: .. Furthermore, I understand the zoning designation of the property and building code requirements that I am bound by this designation for my use of property. Note: The successful bidder will be required to sign a Development Agreement binding them to the specified completion deadline of twelve (12) Months. ' a4, e of applicant/ .`cider Date TO: Whom It May Concern FR: Jeff Armstrong Construction 170 West Mullan Ave Waterloo, IA 50701 319-230-3763 RE: 2554/2556 Edgemont Ave. Greetings! This document represents my first and only attempt, thus far in my career,to respond to a sealed bid opportunity. If my material and bid is accepted but needs further refinement I am open to negotiating any elements that will make it even more feasible for both parties to be successful. I consider this submission to be somewhat of a partnership in which I perform the goals of the City and neighborhood in removing this blight and the City makes accommodations in price and cost in consideration for my guaranteed timely performance. (See attached"Work Plan") The"Submission Requirements" include 6 items. I have provided what I believe is the adequate information to satisfy items 1 through 5. My focus therefore is to bolster my bid price as spelled out in Item 6. I am proposing to purchase this parcel for $30,000.00 inclusive of permit and other fees that the City may require. In compensation for my bid appearing to be below the City's stated minimum bid, I offer the following value: 1. Timeline—I will have this property at or above the standards of the exterior of neighborhood properties faster, better and nicer than any competitors, 30 to 45 days following approval. 2. I intend to convert this property shell to a single family dwelling and move in as soon as an occupancy permit can be acquired. This will be my first home and a dream I intend to achieve. I have a portfolio of my construction and renovation work available for review. This proposal may appear too aggressive to reviewers who have never done this type of work but I have carefully examined my plans and I am confident that I have under promised and over delivered. 3. Performance Guarantee—I agree that should I fail to perform the specified outline of work set out in the first 30-45 days from commencing work, I will sacrifice the $30,000.00 bid price! No questions asked. Furthermore, I will continue to perform on schedule to occupancy as required by my proposal or provide the City adequate notice of reasons for delay which the City can accept or reject. In the event the City decides to issue sanctions, I will abide by them assuming we have reached an agreement on same before I begin work. 4. My word is my bond and my reputation and credit standing is a mater of record. The sweat equity I will invest in this project will be for me rather than my customer. The value for my new home will be north of$120,000.00 once it is complete. 5. I am a life long resident of the Cedar Valley and a graduate of Columbus High School. Upon graduation I became employed by Ad-Fax Inc. and Chris Harshbarger. I worked for Ad-Fax until its closing in December 2008. While employed with Chris I learned how to get things done on time and on budget. I also learned the importance of my word and serving my community. I know that others maybe able to do this deal given the liberal timetable set by the City. However, I have proposed a much faster and better plan for the neighborhood than I can imagine others may. This site has been blight and I will quickly restore the curb appeal the City so desires. Given the above outline of reasons, I ask the City's indulgence on the minimum bid. The consideration I have offered is much greater value than the suggested bid. My following text responds item by item to requirements 1 through 6. Bid Requirements 1. Proposed Use - I propose converting the existing structure to a single family dwelling and moving in as a new first time home owner. 2. Site Development—I have included a general exterior elevation and topical view. (see attached) 3. Financial Capacity—I am in the midst of securing a construction loan for materials in the amount of$55,150.00. $10,000.00 of this amount will be used together with $20,000.00 of my own hard earned savings to cover the bid purchase price of $30,000.00. The speed with which I have had to act has prevented me from including a bank letter. However, Chris Harshbarger has agreed to serve as a guarantor for this loan. (Bank letter to follow) 4. Project Team: Armstrong Construction 170 West Mullan Ave Waterloo, IA 50701 230-3763 Jeff L. Armstrong, Owner 5. Timetable—See attached"Work Plan"and"Work Plan Timetable" 6. Bid Price—I submit a$30,000.000 cash bid inclusive of City permit charges and related fees. (See previous text) Thank you for your consideration and indulgence. Both of us have an opportunity to make a real difference in this case. I will do my part to make everyone proud of these initiatives. Respectively Submitted, I f Jeffrey L. Armstrong Owner and Bidder 230-3763 1 Work Plan Cost Est. Labor Est. 0-30/45 DAYS -Subject to weather Roofing 30 yr Asphalt Shingles desert tan(2,000 Sq Ft) White Aluminum drip edge,30#felt, ice/water barrier,flashing $2,800 $3,500 Wood Porch 12'X 36'AC2 treated with Over Hang stained golden brown with can lighting in soffit(432 Sq ft) $5,640 $4,800 Premium Double 4 Vinyl Siding-olive green $3,700 $3,200 Aluminum Soffits,Facia and Vinyl Brick Moulding-white $1,300 $1,400 Windows;Low E vinyl clad 13 upper level 3 lower $7,800 $4,800 Doors; Sliding glass door in rear, steel insulated with beveled glass $2,800 $1,200 Crown/prune mature trees,cut saplings,mow weekly, remove trees laying in back yard and all debris in&out,spread grass seed,weed&fertilize entire yard(20-22 hrs) $0 $1,050 Disposal fees for all debris in and out $600 30/45- 135 DAYS Drywall 2"X 4"wall studs Wiring, light fixtures,switches and outlets Plumbing;kitchen, 2 bathrooms,washer, water heater Furnace and A/C Cabinets; Kitchen,wash room, 2 bathrooms Flooring 1,728 sq ft laminate,tile and carpet $15,000 $12,000 135- 195 DAYS 28'X 40'Gable Roof 2-Stall Garage $7,500 $6,300 28'x 40'Garage Concrete Foundation(15.5 cu yds) $2,170 $2,000 80'X 9'Concrete Driveway(10.5cu yds) $1,470 $1,300 Deck off Rear 36"X 9"(324 sq ft) $1,800 $1,500 Concrete Landings and walkways $900::.:::::::. $500 Landscaping, flower beds, small shrubs,mulch $1,100 $800 Sub Total $45,150 $44,350 TOTAL $89,500* *Does not include tax,permit fees, insurance, delivery fees,gas Work Plan Time Table o -30/45 DAYS Crown/prune mature trees, cut saplings, mow weekly, remove trees laying in back yard and all debris in & out, spread grass seed, weed & fertilize entire yard Build Porch on front 12' X 36' with Over Hang Scrape old roofing repair any damage Re-roof Remove all windows Install new windows some in new locations Install new front door and rear sliding door Hang Aluminum Soffits, Facia and Vinyl Brick Moulding Hang vinyl siding Dispose all debris on a weekly basis and keep work area neat and clean 30/45 - 135 DAYS Gut interior of dwelling Layout new floor plan with wall studs Rewire as needed Install new lumber; kitchen, 2 bathrooms, washer, water heater as needed Insulate as needed Install new furnace and A/C Hang Cabinets; Kitchen, wash room, 2 bathrooms Lay flooring 1,728 sq ft laminate, tile and carpet Install doors, trim and finishing touches 135 - 195 DAYS Lay 28' x 40' Garage Concrete Foundation(15.5 cu yds) Build 28' X 40' Gable Roof 2_Stall Garage 80' X 9' Concrete Driveway (10.5cu yds) Concrete Landings and walkways Deck off Rear 36" X 9" (324 sq ft) L andsccaping, Plant small shrubs in front porch area, street side of house Continual maintenance of property C AR ED RAPIDS TRUST June 19,2O0Q Mr.Jeffrey Armstrong 2028 Tilbury Road Waterloo, IA 50701 Re: 26S4/I5S6 [dgennont Avenue,Waterloo, |A Dear Jeff: Please let this correspondence serve as verification that we have received your financing request package relative to the above-referenced property in Waterloo, IA. Cedar Rapids Bank&Trust ioin process nf underwriting the request and expect tn provide a term sheet/finenc|ngoutUnevvith|n�he next week. Based on initial review of your package, 1 can indicate that it conforms to the type of project we like to finance and don't anticipate any significant issues as we complete our analysis. Thank you for the opportunity to consider your request. | look forward tV working with you inthe future and finding additional ways to serve you. >f you have any questions or comments,feel freeto contact me atS1S'Z27'6533 Best regards, U `~� Duane A. Amhof Vice President 508Fimf_4°mmmeNF " Cedar Rapids,lwna 52,401 ~ Pbone310'862-1728 ^ Fx^319-862-2729 " Toll Freel'066-51l'27%@ 54VV Council Street NE ~ Cedar Rapids,Iowa 52402 ~ Ph^me319-743-3555 ~ Fwx319-743'1185 ~ MomhecFDXC vvw.rmLxwn^ - -• - ', , - ',,,,1-W7'i-,:-,,,-,--*'-'44-''-7,-;:-' .,,'"••-,:i.-!:- • , , --,;,.--,i,„,:n:::ef.,4- i'-i,,, , ,,:„.-„,,,,,,z I_... 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