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DDA moves to split lot, advance first Ernest Drive employee house with $500,000 contract cap
Summary
The Forest Park Downtown Development Authority agreed to split the parcel at Ernest Drive and authorized staff to contract for construction of one single-family house with a not-to-exceed $500,000 cap while exploring financing and crowdfunding to fund a second home.
The Forest Park Downtown Development Authority voted March 27 to split the parcel at Ernest Drive and to authorize legal counsel to prepare a construction contract capped at $500,000 for a single-family home at 4523 Ernest Drive.
The move follows a budgetary proposal from contractor Steve Bernard that estimated the full build-out of two houses at roughly $1.028 million. Director Ladait and Bernard reviewed line items at the meeting, distinguishing "hard" construction costs from "soft" costs such as plans, permits and structural-engineering fees; Bernard said the contractor percentage is how "I get paid" and stated that the…
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