BY COUNCILOR GILBERT:
RESOLVED, that the proper city officials are hereby authorized to enter into an amendment substantially in the form on file in the office of the city clerk as Public Document No. _________ to City Contract No. 19311 with HRA increasing the amount payable thereunder by $82,000 and extending the term to December 31, 2004, for CDBG Project No. 6520.
STATEMENT OF PURPOSE: The HRA has concluded a public bidding process (bidder list attached) for the Lincoln Hotel. The purpose of this resolution is to amend the acquisition/demolition agreement with HRA in order to increase the amount payable thereunder by $82,000 and to extend the term of the agreement to December 31, 2004. These funds and extended contract term will enable HRA to complete the demolition work related to the Lincoln Hotel.