CONTRACT INFORMATION

Contract Number Description
CT - 7200 - 11041900890 ACQUISITION OF VACANT LAND
Contract Details

Percentages

Percent Time
Expended/Remaining:
Percent Amount
Expended/Remaining:

Contract Controls

Begin Date: 11/01/16
Planned Expiration Date: Open
Authorized Amount: $339,595.18
Amount Expended: $213,242.60

Supporting Materials

Order List: Not Applicable
Contract: View Contract  
Authority: Item AHFC002 on 12/09/2010  
Solicitation: Awarded Non-Competitively as Loans; No Solicitation, Tabulation or Evaluation Matrix Available.
Goods and Services to be provided
AUSTIN COMMUNITY LAND TRUST
DBA: AUSTIN PEOPLETRUST
Row Commodity Description Commodity
1 LOAN ADMINISTRATION
REQUESTING APPROVAL FOR THE AGREEMENT BETWEEN AUSTIN COMMUNITY LAND TRUST ALIAS/DBA AUSTIN PEOPLETRUST AND AUSTIN HOUSING FINANCE CORPORATION. THE PURPOSE OF THE CONTRACT IS FOR ACQUISITION OF VACANT LAND FOR THE DEVELOPMENT OF WESTGATE SUBDIVISION FOR THE CONSTRUCTION OF 50 NEW CONDOMINIUMS TO BE SOLD TO INCOME-ELIGIBLE HOMEBUYERS AT OR BELOW 80% MFI. A CHECK FOR $910,404.82 WAS ISSUED AT CLOSING FOR THE PURCHASE OF 7 ACRES OF VACANT LAND LOCATED AT 8701 WESTGATE BLVD.THEREFORE THE $33,595.18 BALANCE REMAINING NEEDS PURCHASING APPROVAL TO BE AVAILABLE FOR DRAW-DOWN. THE TERM OF THE AGREEMENT IS FROM JANUARY 31, 2011 THROUGH FEBRUARY 28, 2011.
Contact Office Information
For more information, contact:
Purchasing Office Receptionist

Contact Information

Mailing Address

P.O. Box 1088
Austin, TX 78767

Location

Municipal Building
124 W. 8th Street
Room 308
Austin, TX 78701-2302