Property Transfer Agreement - 36 Lots to Support LIH Tax Credit – Advantix Development Corp.

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BOARD OF PUBLIC WORKS AGENDA ITEM REVIEW REQUEST FORM Date 6/30/23 Name Joseph Molnar Department DCI BPW Date 7/11/23 Phone Extension 6022 Review and Approval Required Prior to Submittal to Board Diversity Compliance ❑ Officer Name and Inclusion Officer BPW Attorney ❑ Attorney Name Michael Schmidt Dept. Attorney ® Attorney Name Purchasing ❑ Danielle Campbell Weiss Check the Appropriate Item Type — Required. for All Submissions ❑ Professional Services Agreement ❑ Contract ❑ Proposal ❑ Open Market Contract ❑ Amendment/Addendum ❑ Special Purchase, QPA ❑ Bid Opening ❑ Bid Award ❑ Req. to Advertise ❑ Title Sheet ❑ Quote Opening ❑ Quote Award ❑ Reject Bids/Quotes ❑ Proposal Opening ❑ C/O & PCA No. ❑ PCA ❑ Chg. Order, No. ❑ Traffic Control ❑ Resolution N Other: Transfer Agreement ❑ Ease./Encroach Company or Vendor Name New Vendor MBE/WBE Contractor Project Name Project Number Funding Source Account No. Amount Terms of Contract Purpose/Description Amount of ❑ Previous Amount Current Percent of Change New Amount Total Percent of Change: Time Extension Amount: New Completion Date: Information Advantix Development Comoration ❑ Yes ❑ If Yes, Approved by Purchasing ❑ No ❑ WBE Completed E-Verify Form Attached ❑❑ Nos City Property Transfer in Support of Low Income Housing Tax Credit Project City staff members have been working with Advantix Development Corp. to identify current City owned lots appropriate for a scattered site low income housing tax credit project. The agreement transfers 36 lots to Advantix if they are awarded Tax Credits by the State of Indiana this November. If Advantix does not win the credits, the properties will not be transferred. For Change Orders Only Increase $ Decrease ($ ) Increase % Decrease ( %) Increase % Decrease ( %)