An appraiser’s report should be completed by the end of March so the City Council and Redevelopment Agency will know how much additional money will be needed to acquire three remaining homes adjacent to the Bell building, according to Redevelopment Director and City Administrator Peter Pelissier.

The Redevelopment Agency awarded a contract in January to Prime Appraisal of Woodbridge to appraise the three remaining properties between the amphitheater site and the Bell building that it hasn’t yet acquired.

At its meeting this month, where Pelissier briefed commissioners, the Redevelopment Agency awarded a $32,900 contract to Frank Lurch Demolition Co., LLC, of Avon By the Sea for 324-326 Hamilton St. The 2 1/2-story, multifamily home was purchased last summer by the Redevelopment Agency for $240,000. The agency bought the first of the five homes along Hamilton Street in March 2009 for $340,000 and razed it last year.