FINANCIAL BUSINESS REQUEST (FBR)
Motion/Request:
title
MOTION to grant a Bid Waiver to Perkins Home Improvement LLC of Norwich, CT in the amount of $20,700 due to lack of receiving the required three bids in response to Bid #072-PI-31 (Rehabilitation Work - 43 Blacksmith Dr.) in accordance with Ordinance #200-001 (rev.1) “An Ordinance for Purchasing".
end
Background:
The town offers a Housing Rehabilitation Revolving Loan program which provided qualifying homeowners with the ability to borrow money from the town at zero interest for critical home improvements such as the replacement of a boiler/heating system, roof, septic system, etc.
When the funds were paid back to the town, either when the house was sold, the title was transferred, or refinanced; that the funds then become available to be loaned to other qualifying homeowners.
In response to Bid #072-PI-31 (Rehabilitation Work - 43 Blacksmith Dr.- siding), only two bids were received. As a result, a bid waiver is being requested.
Department Comment/Recommendation:
(type text here)
Finance Director Comment/Recommendation:
(type text here)
Mayor Comment/Recommendation:
(type text here)