HomeMy WebLinkAboutBID SHEET - WILLIAM E RAMSEY City of Waterloo Property Bid Sheet
Property to be bid upon: 2554-2556 Edqemont Avenue
Name in which property would be transferred:
Name of bidder: Di 1 n I CL cf f rurri
Address of bidder: (3(p�,3 cic.L,b _Q,t
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Phone & Fax number of bidder:3 S- . 35-1 a a.tt5 70..x‘. 3 (q_a35-03 C
My offer for property be bid upon: \ ((-C, .5(o 0
$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 ascription of intended Improvements: PLO s Q L
a <
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.
$011,
Signature • pplican .'.de Date
*Please place this page at the front of your bid proposal when submitting to
the City Clerks Office.
September 8, 2009
Chris Western
Planner II
City of Waterloo, Iowa
715 Mulberry Street
Waterloo, IA
Re: 2554-2556 Edgemont
Dear Mr. Western
Attached please find our bid for the above mentioned property. I will describe
further in this letter our intent for the property.
Proposed Use: We are proposing that the property will continue to be utilized as a
two family dwelling, with one unit being owner occupied.
Site Development: It is our intent to start on the outside of the property
immediately upon successful bid. The trees and brush around the foundation will be
removed;the grade at the foundation will be raised to provide a positive grade away
from the foundation. New gutters, with guards will be installed around the house,
to provide positive drainage from foundation. The patio between the front doors will
be removed and replaced with no maintenance decking material. The basement wall
that is bowing will be repaired and secured at this time. The exterior frame siding
will be replaced with vinyl siding, and 28 new windows will be installed. The
driveway will be finished with concrete and a double detached garage built to the
rear of the lot. In the spring, when
Financial Capacity: Please see our letter of financial capacity from Community
National Bank, in Waterloo.
Project Team:
Bill Ramsey Donna Hoffman
2623 Falls Avenue 2623 Falls Avenue
Waterloo, IA 50701 Waterloo, IA 5o7oi •
31 9-235-6205 31 9-23o-5036
Bill Ramsey has been involved in buying and selling real estate for 4o+ years in the
metro area. He has been instrumental in development of several subdivisions
throughout the community. Mr. Ramsey has over the years purchased many homes
that were in need of repair in order to be habitable, and turned these structures into
homes for families. The most recent of these projects was at 132 Block Street in
Waterloo.
Donna Hoffman has been property manager for 48 units for the past 2 years. She has
been responsible for maintaining and updating the units, designing the work and
materials to be used, developing the budget to complete the projects and working to
maintain the budget and timeline to insure the projects were done in a timely
fashion. Ms Hoffman has been involved in the properties that have been in need of
repair to assure the projects are completed within the proposed timeline and on
budget.
Timeline: For the exterior work, we intend to utilize outside contractors to expedite
the process and will allow us to do interior work that needs to be done. We do not
plan to do landscaping around the foundation until spring, allowing for the ground to
settle and to give new plantings a full season prior to winter temperatures.
Month 1:
• Removed trees, shrubs and overgrowth from perimeter of foundation.
Remove dead branches from trees in rear yard.
• Install dirt around foundation to provide a positive grade.
• Remove patio.
• Repair basement wall that is bowing.
• Interior: remove furniture and debris from both units.
• Interior: paint interior of both units
• Install permanent decking at front doors
• Begin double detached garage
• Interior: Design decision on kitchens. The current plan is that new cabinets,
counters and sinks will be installed, to better utilize the kitchen space and
allow for dishwashers in each unit. Appliances and flooring will be installed.
• Interior: refinish hardwood floors where possible.
Month 2:
• Install concrete driveway
• Replace windows throughout structure, with higher energy efficient
windows.
• Remove siding, insulate exterior walls and install vinyl siding. Windows will be
wrapped in contrasting color.
• Interior: General clean up and move in
Regards
William E. Ramsey
4.COMMUNITY
NATIONAL
f t BANK
P.O. Box 1288 •Waterloo,IA 50704-1288
P.O. Box 851 •Mason City,IA 50402-0851
September 8, 2009
William E. and Margaret T. Ramsey
4 Silver Lake Drive
Waterloo IA 50702
To Whom It May Concern:
William and Margaret Ramsey have been customers with Community National
Bank since 1999. They have an excellent credit history with our Bank.
Based upon a recent review of their credit file, it appears that William aid
Margaret Ramsey would be qualified to obtain additional financing as needed.
The property would need to go through normal underwriting procedures before a
formal loan commitment can be issued.
Should you have any further questions, please contact me directly at 3' 9/291-
2000.
Sincerely,
khAi .1c1±11A--/414)
Rhonda Hinton
AVP-Commercial Lending
Offices In:
Waterloo,IA Cedar Falls,IA Mason City,IA