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HomeMy WebLinkAbout2005-0803 Study Session Packet CITY ()F AS H Lfl~N D CITY COUNCIL STUDY SESSION \ ' AGENDA Wednesday, August 3, 2005 at 12:00 p.m. Council Chambers, 1175 East Main Street 1. Review of Lithia Parking Lot Affordable Housing Proposals. In compliance with the Americans with Disabilities Act, if you need special assistanco to participate in this meeting, please contact the City Administrator's office at (541) 488..6002 (TTY phone number 1-800-735-2900). Notification 72 hours prior to the meeting will enable the City to make reasonable arrangements to ensure accessibility to the meeting (28 CFR 35.102- 35.104 ADA Title I). r~' '-'_'''-_'''A''; City Council Study Session August 3, 2005 Lithia Lot Proposal Review (12:00) Staff Presentation (12:05) Housing Commission Recommendation 10 Minute Presentations from Applicants (12:10) Sandler Films Proposal Presentation (12:20) Kendrick Enterprise Proposal Presentation (12:30) Housing Authority Proposal Presentation (12:40) Council determination of next step (12:45) Adjourn CITY OF ASHLA:ND Council Communication Review of Uthia Parking Lot Affordable Housing Proposals Meeting Date: August 3, 2005 Department: Community De~pment Contributing Departments: Legal Approval: Gino Grimaldi 'I( Primary Staff Contact: Brandon Go ~'. 552- 2076 aoldmanb(Q)ashland.or.us a~ Secondary Staff Contact: John Mc ~lin, 552- 2043 mac(Q)ashland.or.us ~ Estimated Time: 45 Min. + . n Statement: The City of Ashland issued a Request for Proposals on December 23, 2004 for the development of aj~ordable housing upon the Lithia Way Parking lot, located between Pioneer Street and First Street, on the South side of Lithia Way. Four proposals were received in response to the RFP. Attached are the four proposals, the Stclff evaluations of the proposals, and the minutes from the Housing Commission's deliberations. In evaluating the proposals the City Council is to determine whether the proposals received have me lit, and if so make an award selection in favor of the proposal that best meets the objectives as outlined in the RFIP. Background: On September 21, 2004, the City Council directed Staff to issue a Request for Proposals to develop ciffordable housing utilizing the airspace above the Lithia Way Parking Lot. This was intended to be a pilot proje<:t to demonstrate the viability of using airspace in this way. The Housing Commission reviewed each of the four proposals received at numerous regular meetings (March 30, April 27, May 25, and July18th, 2005) and at one special meeting held on April 13, 2005. During these meetings applicants presented the merits of thE!ir proposals and responded to clarification questions posed by the Housing Commission. The attached Housing Commission Memo dated 3-30-05 provides a staff assessment of the four proposals identifying each proposal's strengths and weaknesses. The Housing Commission Memo dated 5-25-05 attempts to address a number of questions raised by the Housing Commission relating to provisions in the RFP, housing unit size and costs, income ranges, parking, and mixed use development. Further this May 5th Memo provides staff's recommendations and options considered by the Housing Commission. Related City Policies Adopted Council 2005-2007 Goals Identify at least 25 units of affordable housing; have online for construction in 2006 Comprehensive Plan The Housing Element of City's Comprehensive Plan encourages integration of commercial and resid~~ntial uses where appropriate: "-.:::~ -.-: -Mixed uses often create a more interesting and exciting urban environment and should be j';Onsidered as a development option wherever they will not disrupt an existing residential area.. (CH 6 goaI2:a). 1 r~' The Transportation Element of the Comprehensive Plan states mixed-use development is encouraged eSpecially when in easy walking distance of transit (pg. 11). Being located on an existing bus route, the Lithia Way lot is well suited to take advantage of existing transit. Further the Transportation Element cites that "mixing land uses, housing and jobs, reducf~s traffic by locating residences close to shopping, entertainment, and job centers. " Site Design and Use Standards The Commercial development design standards aim to "... improve the projects appearance, enhance the City's streetscape, lessen the visual and climatic impact of parking area~.,.." (pg 17, Site Design and Use Standards). At a minimum any parking lot must be screened to reduce the adverse visual impact (11-C-2D2). Zoning Ordinunce The purpose of 1the C-1 zones is "...to stabilize, improve, and protect the characteristics of those areas providing commercial commodities and services"(ALUO 19.32.010). Downtown Plun adopted in 1988 Will Dodge Way is identified as a Pedestrian area and the Plan urges the development of the area to enhance this 1P0tential: "Will Dodge Way, where more businesses front and where more land is available for development holds the greatest potential. The proposed development plan map shows the alley closed to traffic for the peak pedestrian times of the day,.from 11:30am to 10:00pm. All-new buildings and some of the existing merchG,ndising can flourish. A central courtyard, about fifty feet square, draws pedestrians down the alley. Buildings at least two stories in height are required along Lithia Way in order to enclose the alley and give it an intimate atmosphere. " (pg 37 Downtown Plan) Within the section on Housing in the Downtown Plan it is stated that "Housing should be introduced downtown on upper stories. Allowing it outright and removing off-street parking requirements encourages owners to rent to travelers and enhances the area's diversity. This will allow a flexible downtown housing pattern and encourages appropriate downtown multi-story developments" (pg.44). Affordable Housing Action Plan The plan recommends the City target lands for the development of affordable housing including City owned Parking Lots: "Existing city-owned surface parking lots in or in close proximity to the downtown. These sites could be targeted for application of recently enacted vertical housing development tax exemptions. The new law provide.s a partial tax exemption for certified projects that include a ground floor or lower floors occupied by commercial uses and one or more upper floors of residential uses. The allowable exemptiOnis for..20% of assessod value on land and improvements for each floor up to four floors of residential use with'a-maximum partial tex exemption of 80%. Other than these relatively small lots, the City does not own any parcels suitable for affordable housing development. " (Strategy 3A, pg 15) Council Optiions: The Council can consider the following options when reviewing the four proposals for selection of an affordable housing project to be developed on the Lithia Way parking lot: The Council can consider the following options when reviewing the four proposals for selection of an affordable housing project to be developed on the Lithia Way, parking lot: 1) Select one of the four proposals as submitted~ Pros: Selected applicant can go forward with funding appli~ns..and development of the site. Provides 9-10 units toward meeting the Council Goal of developing at least 25 units of affordable housing, with construction to begin in 2006. Cons: (see "Pros" under Items 2,3 and 4, as selection of a proposal would eliminate those potentials) 2 CITY OF ASHLi~ND 2) Select one the four proposals with specific clarifications pertaining to preferred alternativE!S as outlined in the offerors submitted proposal. Pros: City can provide more specificity (limitations) on the selected applicant. The upplicant can go forward with greater limitations on the scope of development and proceed with funding applications and development of the site. Provides 9-10 units toward meeting the Council Goal of developing at least :25 units of affordable housing, with construction to begin in 2006. Cons: (see "Pros" under Items 3 and 4, as selection of a proposal would eliminate those potentials) 3) Reject all four proposals making the determination that doing such is in the best interest of the City. Pros: City can re-evaluate the future use of the property, determine the best use of the property, and incorporate considerations developed through the upcoming downtown visioning process. Cons: (see "Pros" under Items 1 and 2, as selection of this alternative would eliminate those potentials) 4) Direct'Stafftodevelop a new RFP in collaboration with the Housing Commission for re-issuance.. Pros: Re-issuance of the RFP would allow the City to request a more specific proj<<~ct, being explicit in terms of what is requested to include: commercial I no commercial; unit size limits (minimum or maximum; income range targets; consideration of non-pmfit partnership in evaluation criteria; parking location recommendations; commercial contribution to housing costs; reversion to City of Ashland; Period of affordability. This would also Billow the City to negotiate with respondents should such be noted in the RFP. Cons: Respondents to a new RFP would be unable to respond to the State Consolidated Funding Cycle's fall round in February, thereby postponing funding applications until August 06'. A selected project could not begin construction until 200i'. "7."7~ 5) A combination of #3 and #4 above, following the completion of the Downtown Plan. Pros: Provides an opportunity to prepare a new RFP for development of the property that is more explicit, as noted under the 'Pros' for alternative 4, and reflects the results of the Downtown Plan. Cons (see "Pros" under Items 1 and 2, as selection of this alternativ~ would eliminate those potentials) Significant discussion by the Housing Commission has involved the proposed commercial components offered in two of the four proposals. Concern has been raised whether the RFP was explicit enough to allow the aoceptance of proposals that contained a commercial component. Additionally members of the Housing Commission have expressed an interest in ensuring that any commercial component demonstrates a clear benefit for the affordable housing project. It is staffs belief that the original RFP was designed to be flexible in a purposeful attempt to encoura~le creative proposals. The RFP allows for this flexibility explicitly by stating that variations from the primary aim I)f the RFP will be accepted and considered. The City is soliciting proposals with the purpose of creating and managing affordable housing. The City is seeking proposals that would develop and manage affordable housing with provisions for t/1le City to regain ownership at the conclusion of the proposed period of affordability. ,The CiJyJ;ouncil has fUlther identified that proposals should aim to provide rental housing units for a minimuiif 40:'year period, to 110useholds earning at or below 80% or less of the area median income. The City Council has expres~ied that 3 r~' prop~ia/s that do not meet these specific requirements will still be accepted and considered [ernphctSis added). The RFP encoulrages applicants to review the Downtown Design Standards and provide a development plan that is responsive sum>unding neighborhood: Proposals should emphasize economic feasibility, affordability, livability, good design, sensitivity to adjacent residential uses, responsiveness to Ashland's Downtown Design Standards and to the historic districts that su"ound the subject properties. One of the respondents to the RFP has contented thatthe City cannot accept commercial uses as part of the development proposals, as it was his interpretation that the RFP's silence on commercial development mE~ant that such would not be considered by the City. The City Legal Department has reviewed the RFP and determined that the City can entertain commercial development in addition to the development of affordable housing. Specifil~lIy the RFP as issued states: "In cases of doubt or differences of opinion concerning the interpretation of this RFP, the city reserves the exclus~i/e right to detefTTline the intent, purpose and meaning of any provision in this RFpn. Therefore the City Council can determine the intent of the RFP and this is not changed by any wording contained in any of the proposals received. State law gives the City Council (contracting agency) broad discretion. to-reject all or parts of proposals provided the City can state a ~reason" that supports that such a decision is in the best interest of the City (ORS 279B.100) . To decide to re-issUle the RFP is either a determination that none of the original respondents proposals have merit, or that there are concerns as to the capacity of the offerors to actually complete and manage the development, or las~y, that the city was in error in issuing the RFP in the first place. Recommendations Housing Commission Recommendation: The Housing Commissioners collectively utilized the numeric ranking criteria in the RFP and the aggregate ranking placed the Housing Authority's proposal as being most responsive to the RFP and as such the preferred alternative. The Housing AU1lhority proposal's larger unit sizes were viewed by some Commissioners as being more livable and better suited to the intended beneficiaries. Although most Commission members expressed support of commercial use on the site in addition to housing, there was limited information to quantify how such a commercial component contributed to thl~ housing affordability. In a 5-1 vote the Housing Commission recommended the selection of the Housing Authority proposal under the stipulation that 12 public parking spaces be provided within the subsurface parking area. Staff Recommendation: Prior to Housing Commission deliberations, staff identified the Kendrick Enterprise LLC proposal as the highest ranking in our independent evaluation of the proposals. Specifically staff ranked Kendrick Enterprise highest in their Understanding of the Project approach and Vision, in large part due to the proposals consistency with the context of the commercial downtown. Staff believes the Kendrick Enterprise mixed use concept has merit in providing both housing and jobs on a small site, while increasing the amount of available public parking within a subsurface lot. Staff also ranked Kendrick highest in response to the scoring of the FifTTls Capacity and Resources. Staff also believes the proposed reversion of assets, including both the residential and commercial development, to the City after 40 years pmvides a significant public benefit in the long term. However, Staff o:mcurs with the Housing Commission's determination that the Housing Authority's proposal would be successful in providing needed workforce housing within the downtown core if ultimately selected by the City Council. Staff's numeric scoring ranked the Housing Authority second over all, and highest under identification of Project Funding Sources' due to their ability to leverage state and federal funding in aCJaifiOiffcY Section 8 vouchers for low- income residents. Should the use of public property to allow commercial activity as part of a public/private partnership be considered inappropriate by the COuncil, staff believes the Housing Authority's proposal is a viable alternative'meeting the 4 CITY OF ASHLil\ND intended parameters of the RFP. Although the Housing Authority does not provide a reversion of the development to the City, the Housing Authority would provide a minimum period of afford ability of 50 years with the desire to operate the housing as affordable in perpetuity. Should the Council determine the mixed use concept is preferableJ and the public/private partnership proposed by Kendrick Enterprise is appropriate, Staff recommends selection of their proposal with the stipulation that the rents are adjusted to be consistent with the HOME program, and that the subsurface parking scenario present~~d in the application be a condition of selection. If the Council has concerns about current policies relating to issues such as parking and housing in the downtown area, it would be appropriate to reject all four proposals and develop a new RFP that reflects the results of the Downtown Plan. Attachments: Housing Commission Memo: dated 3-30-05 Memo - Legal Department: dated 4-13~05 Housing Commission Memo: dated 5-25-05 Evaluation Matrix (table comparing proposals) Housing Commission Minutes: 3-30-05 4-13-05 4-27-05 5-25-05 7-19-05 Detailed history of RFP development, issuance and evaluation Letters and Email Correspondence . Kendrick Enterprise Allan Sandler Diana Shavey Brandon Goldman Colin Swales Lithia Parking Lot Development Proposals Housing Authority of Jackson County . Sandler Films Kendrick Enterprise LDC Design Group ----..---., 5 r~' CIT~r OF ASHIJAND Housing Commission Memo Title: Dept: Date: Submitted By: Lithia Lot housing Proposals Planning Department May 25, 2005 Brandon Goldman, Housing Program Specialist Background In October of 2004 the Council approved the proposed Request for Proposals to develop the Lithia Way Parking lot and the RFP was issued on December 23,2004 with a submittal date of February 23rd, 2005. The City received four proposals which were distributed to the Housing Commission on February 23 rd for review. At the regular meeting on March 30th the Housing Commission held a publk hearing in which the applicants presented their proposals and were asked questions by the Commission. On April 13th 2005 the Housing Commission held a Special hearing to hear clarification response:s from the applicants and to deliberate upon the merits of the proposals received. The Commission closed the public hearing and continued deliberations to the April 27th regular meeting. The Housing Commission continued their deliberation on April2ih, and postponed making recommendations regarding the proposals until the May 25th regular meeting. Proposals All proposals meet the primary intent of the RFP to solicit developments that would cre:ate affordable workforce housing and retain public parking. The income level of the future residents of no more than 80% area median income is met by each proposal. Staff believes that each proposal has merit and each should remain in consideration for an award selection. Staff provided a memo to the commission dated 3-30-05 that outlines the strengths and weaknesses of each proposal. RFP Provisions Significant discussion has involved the proposed commercial components offered in two of the four proposals. The concern has been raised whether the RFP was explicit enough to allow the acceptance of proposals that contained a commercial component. Further the Commission has questioned as to whether the RFP can be re-issued, and if so can it be limited to the original respondents. It is staffs belief that the original RFP was intentionally flexible in order to encourage c:reative proposals. The RFP allows for this flexibility explicitly by stating that variations from the primary aim of the RFP will be accepted and considered. The City is soliciting proposals with the purpose of creating and managing affordable housing. The City is seeking proposals that would develop and manage affordable housing with provisions for the City to regain ownership at the conclusion of the proposed period of affordabi/ity. The City Council has further identified that proposals should aim to provide rental housing units for a minimum 40-year period, to households earning at or below 80% or les$ of the area median income. The City Council has expressed that proposals that do not meet these specific requirements will still be accepted and considered. ~~~ ...~ r- Further the RFP encourages applicants to review the Downtown Design Standards and provide a development plan that is responsive surrounding neighborhood: Proposals should emphasize economic feasibility, affordability, livability, good design, sensitivity to adjacent residential uses, responsiveness to Ashland's Downtown Design Standards and to the historic districts that surround the subject properties. Lastly one of the respondents to the RFP has contented that the City can not accept commercial components as part of the development proposals, as it was his interpretation that the RFP's silence on commercial dt~velopment meant that such could not be considered by the City. The City Legal Department has reviewed the RFP and detennined that the City can entertain commercial development in addition to the development of affordable housing. Specifically the RFP as issued states "In cases of doubt or differences of opinion concerning the interpretation of this RFP, the city reserves the exclusive right to determine the intent, purpose and meaning of any provision in this RFP". Therefore the City Council can de:termine the intent and this is not changed by any wording contained in the proposals received. The Housing Commission has requested that staff determine the legalities ofre-issuing the RFP, and further limiting it to the original respondents. In consulting with the Legal Department staff believes that the RFP can not be "amended" or in any other way restricted only to the original respondents. Rather, a new RFP would have to be crafted, and fonnally issued which would be open to any and all respondents. State law gives the City (contracting agency) broad discretion to reject all or parts of proposals provided the City can sta.te a "reason" that supports that such a decision is in the best interest of the City Oregon Revised Statutes 279B.I00 Cancellation, rejection, delay of invitations for bids or requests for proposals. (1) Any solicitation or procurement described in a solicitation may be canceled, or any or all bids or proposals may be rejected in whole or in part, when the cancellation or rejection is in the best interest of the contracting agency as detennined by the contracting agency. The reasons for the cancellation or rejection must be made part of the solicitation file. A contracting agency is not liable to any bidder or proposer for any loss or expense caused by or resulting fro~ the cancellation or rejection of a solicitation, bid, proposal or award. (2) Any solicitation or procurement described in a solicitation may be delayed or suspended when the delay or suspension is in the best interest of the contracting agency as detennined by the contracting agency. The contracting agency sh;~ll make the reasons for the delay or suspension part of the solicitation file. A contracting agency is not liable to aJ:lY bidder or proposer for any loss or expense caused by or resulting from the delay or suspension of a solicitation, bid, proposal or award. [2003 c. 794 ~58] To decide to re-issue the RFP is either a determination that none of the original respondents proposals have merit, or that there are concerns as to the capacity of the proposers to actually complete and manage the devc;:lopment, or that the city was in error in issuing the RFP in the first place. The RFP was crafted over the Icourse of four public meetings before the Housing Commission and two hearings before the City Council prior to being issued. These meetings allowed the Commission and Council to determine the level of specificity being requested and it was ultimately determined to provide general parameters, including the minimum 40 year period of affordability, the 80% area median income threshold, and the retention of public parking on site. After careful consideration, issuance of the RFP by the City was done in good faith to see the property developed with affordable housing. Respondent's assertions that a development proposal should be selected from those received is a reasonable expectation. Respondents have invested considerable time, effort, and money, to develop well thought out proposals that contain affordable housing projects that benefit the intended income group(s), and each has presented a specific reversion scenario to comply with the City's desire to regain ownership at the conclusion of the affordability period. The respondent's expense of time and resources is not undertaken without significant risk in that their proposal may not be selected. However, in deciding r~' r whether to respond to a RFP this risk is balanced by each development team with the understanding that such efforts may result in their proposal being selected. Currently two of the four respondents (Kendrick Enterprises and LDC Design Group) have indicated that their proposals stand as presented and have not indicated a willingness to modify their proposals. The Housing Authority has indicated that they do not build commercial space, and in order to incorporate a commercial component they would have to find a partner to assist in that aspect of the development. A commercial partner for the Housing Authority would need to be willing and able to accommodate the timelines of applying for state allocated HOME funding. Specifically the Housing Authority is concerned that beginning any construction prior to an award of HOME funds, and completion of an associated Environmental Review, would nullify the potential use of Federal grant awards on the site. The Housing Authority has expressed that they would work to identify such a partner as they maintain their interest in the housing component. Sandler Films has indicated that their proposal would be modified to incorporate commercial, and thereby lower the affordability threshold (to 60%AMI) in response to a modified RFP. Mr. Sandler has stated that philosophically h~~ is opposed to the City offering the use of the airspace for commercial development in that "it would pui the City in conflict with other developers who are developing commercial space on both sides and across the street of the Lithia Parking Lot. " A functional rejection of all the current proposals, to issue a new RFP, would likely have a chilling effect on the development communities faith that the City was committed to selecting a project. With this potential, staff is concerned that the issuance of a new RFP may not effectively solidt new proposals, yet could have the counter effect of having current respondents unwilling to respond a second time, or respond to future RFPs issued for other projects. Proposal Clarification and Recommendations The Housing Commission requested that staff evaluate specific components of the applil:ations to provide both further clarification and recommendations. The items identified by the Housing Commission included unit size, rent amount, target income levels, parking scenarios, and if a commercial component was to be provided, examine how it would benefit the affordablt~ housing and public in general. It is expected that through identifying key components the Housing Commission can better advise the Council as to what would be the preferred type of development on the subject property. Unit Size and Occupancy The four proposals received provide a wide range of unit sizes with affordable studios as. small as 480sq.ft to two-bedroom units as large as 880sq.ft. The LDC Design Group proposal also includes six market rate units between 1200 and 1800 sq. ft, but for the purposes of this analysis we have only examined the need for affordable units to assist in recommending the appropriate size(s) To best determine the type of units needed we initially examine the target population for whom the units are being created. It was the direction of the Housing Commission and Council that these affordable units should be developed to provide needed housing for downtown workers. Further there was concern raised during the development of the RFP that given the urban nature of any development on site, and corresponding lack of yard or recreation areas, it may not be an ideal location for childre:n. Although it is appropriate that the units remain available to families with children, the unit size developed will in large part encourage or discourage family housing. According to the Housing Needs Analysis, studio and one-bedroom units were the most popular because of the strong demand from Ashland's student population. Data provided by the property managers support this citing a vacancy rate of 0% for studiosoand 1.9% for one-bedroom units compared to an average 4.1 % vacancy rate for rentals a.s a whole. This r~' r indicates a need for smaller units that is not currently being satisfied. Furthennore given Ashland's other recent investments in affordable housing, namely the RVCDC Self-Help Project, the ACLT Parkview Apartments, and individual homes assisted through the SDC deferral and CDBG programs, no other currently funded project contains rental studios or one bedroom units. In 2005 the City did provide an award of $190,000 in CDBG funds for three large (880 sq.ft) 1 bedroom units on Quincy Street for low income home purchase. However in tenns of rental housing, with the exception of accessory residential units there have been limited market rate studios or one-bedroom apartment units built in recent years. Staff believes that as the downtown workforce is the target population for this affordable housing development, studios and one bedroom units are most appropriate unit types. However, it may be valuable to provide a range of units from studios to two-bedrooms to create a diversity of household sizes within the development. Staff would see value in the average unit being a one bedroom, with any two bedroom units proposed being balanced by efficiency studio apartments. There was concern that the HOME program unit size limitation was restrictive to the degree that very small units would not be funded with HOME awards from the State. In consulting with the Oregon Housing and Community Services representative staff detennined that the HOME program does require minimum unit sizes. Staff recommends that these HOME unit size limits be considered and any development should meet or exceed the following limits: · Studio/Efficiency = 375 sq.ft. minimum · 1 Bdr = 600 sq.ft. minimum · 2 Bdr = 800 sq.ft. minimum · 3 Bdr = 1000 sq.ft. minimum · 4 Bdr = 1250 sq.ft. minimum Housing Costs . The cost of housing is generally considered to be affordable when it equals no more than 30% of household income, including expenditures for utilities. A combined 62% of Ashland's workforce is employed in the Retail and Service sectors (Source: Oregon Employment Departm(:nt ES-202 file) and it is assumed that downtown workers applying for these affordable housing units will likely fall into these categories. Services and retail sales have remained fast growing employment setctors in Ashland for the last decade and this is specifically true within the downtown area. According to the. Housing. Needs Analysis these employment sectors in Ashland do not pay enough for a household to afford fair market rent with the average annual pay for a service job in Ashland was less than $20,942 in 2000. The average retail job paid slightly more than $15,000 in 2000. The estimated annual income of renter households in the Medford-Ashland area in 2004 was $28,584. Medford-Ashland Area Rental Housin Costs and Income Number of Bedrooms Zero One Two Three Four $440 $523 $657 $956 $984 $17 600 $20 920 $26 280 $38 240 $39 360 $8.46 48 $10.06 57 $12.63 72 $18.38 104 $18.92 107 r.i' r The HOME program rental limits established by the Department of Housing and Urban Development are appropriately correlated to a low- income household's ability to pay. Thus staff recommends that those maximum rent limits be utilized in evaluating the proposals to ensure the rents are "affordable" to the target populations. The HOME Program rent limits for the Medford-Ashland Metropolitan Service Area are adjusted annually to account for increases in median income and are thus a good mechanism to ensure the units remain affordable over time and rent increases do not outpace wages. However these HOME rents are established primarily for households earning 50% area median income (LOW RENTS) and 60% AMI (HIGH RENTS) and therefore do not provide a rate that is specifically tc)r the 80%AMI households. Currently the Medford-Ashland HOME rental rate ranges (considered LOW and HIGH rent limits) for units based on size (# of bedrooms) are as follows: . Studios: $440 Low/High . 1 Bedroom: $488 Low -$523 High . 2 Bedroom: $586 Low-$657 High . 3 Bedroom: $677 Low-$846 High Note the HIGH-HOME rents for studio, one bedroom, and two bedroom units are equal to the Fair Market Rents noted in the Table above (HUD establishes the HIGH-HOME rent to be the lesser of Fair Market Rent or ability to pay without exceeding 30% of a households income). As the number of bedrooms increases a greater annual income is needed to afford the rent at these levels. This further supports Staffs recommendation that smaller unit sizes be provided to target working individuals or couples of lower incomes. For Households earning 80%AMI these units would be considered non-HOME qualified units and therefore the established maximum rents through the City of Ashland Affordable Housing Program would set an appropriate limit. These rents are also correlated to the household income and adjust annually equal to the changes in the median income. The 80%AMI rent limits under Ashland's program in 2005 are: . Studios: . 1 Bedroom: . 2 Bedroom: . 3 Bedroom: $599 $699 $794 $895 Both the Kendrick Enterprise and the Housing Authority proposals indicate use of HO:M[E funds to contribute toward the construction costs of the affordable housing. As such the application of the HOME limits on both unit size and maximum rents would be required by the State provilded the proposals were successful in obtaining HOME Funding. The rents provided in the Housing Authority proposal are already consistent with the HOME limits. The rents indicated in the Kendrick Enterprises proposal however exceed these limits for the HOME regulated units, thus would have to be adjusted downward to qualify for the state HOME funding sought. Income Ranges The incomes, unit size and maximum rents are inextricably linked. The issued RFP established a maximum income or 80% AMI in order to provide flexibility for respondents. It was n01t the original intention to simply have all the units in the development at the maximum 80%AMI level. ~.i' r The potential to provide units to those of lower incomes (30-50%AMI) by providing some units at the 80% level to offset the lowered rents for the low- or extremely low-income units, or increase operating revenues for rnaintenance, repairs, and management has merit. Additionally providing an apartment complex that .~ontains an income diversity in the makeup of the households can also be seen as beneficial. F or these reasons staff is supportive of a development that provides units targeted to a range . of incomes. In this range some units would be targeted to households earning less than 50% AMI, some at 60% AMI, imd a the number of 80% AMI units would not exceed the number provided for the 50% and below thrl~shold. In this way the 60% AMI units would be the "average". This is consistent with the incomes of service and retail sector workers within the downtown vicinity. Parking The issue of parking was discussed in the formation of the .RFP. It was decided by Council that the public parking on site should be retained to the maximum degree feasible. Specifically during the public hearing process for issuance of the RFP it was suggested that there be no more than a two space reduction. All four submitted proposals meet this provision, however each has unique differences that require examination. The Sandler Films proposal retains the existing surface parking and by utilizing the alley as part of the lot's maneuvering lanes it maintains the number of spaces at 13 regular spaces. Staff has significant concerns over this parking arrangement as it provides an additional access point onto Lithia Way which runs counter to the access management standards to limit additional curb cuts on arterial streets (Ch.8 of the Transportaltion System Plan and the Street Standards Handbook). Every driveway apron is a challenge for pedestrians and negatively impacts the pedestrian environment and the character of the Street. The use of Will Dodge Way also poses concern for staff in that the Downtown Plan adopted in 1988 specifically identifies Will Dodge Way as a Pedestrian area and urges the development of the area to enhance this potential. It Will Dodge Way, where more businesses front and where more land is available for development holds the greatest potential. The proposed development plan map shows the alley closed to traffic for the peak pedestrian times of the day,from.J 1:30am to JO:OOpm. All new buildings and some of the existing merchandising can flourish. A central courtyard, about fifty feet square, draws pedestrians down the alley. Buildings at least two stories in height are required along Lithia Way in order to enclose the alley and give it an intimate atmosphere. " (pg 37 Downtown Plan) The Sandler Films proposal is not the only proposal that would have an adverse impact on the future pedestrian area envisioned in the Downtown Plan. However by providing a required maneuvering area and access to the parking from the alley it would have the most impact of the four proposals received. The Housing Authority of Jackson County manages to maintain only one access offofLithia Way and aims to retain ujp to 11 public spaces. Should underground utilities along the south property line be cost prohibitive to re:locate the number of public parking spaces would be reduced to 9, however this includes a handicap accessible space which the lot is presently lacking. The Housing authority proposal also has a single handicap parking space proposed to be accessed off of Will Dodge Way. Although this would also impact the pedestrian environment on Will Dodge Way staff sees it as minimally intrusive while providing private parking for any disabled residents of the proposed development. The LDC Desigtl Group proposal is the most ambitious in regards to parking in that it would provide a combined total of 31 spaces. This would be accomplished through coordination with adjacent property owners to locate access to a 21 space sub-surface parking lot on the adjacent property. Staff sees value in the concept, however, the adjacent property has already received site-plan approval by the Planning r., r Commission and will develop shortly. Thus this opportunity does not seem fully feasible. LDC Design group also proposed an additional ten spaces to be located off of Will Dodge Way. For the same reasons noted under the Sandler Films project above, staff is not supportive of this parking scenario. The Kendrick Enterprises parking proposal is complicated in that the application puts forth two alternatives. In the preferred alternative the public parking is subsurface with its sole access located on Lithia Way. The number of parking spaces is increased to 16 public spaces. In this scenario there is no vehicular access on Will Dodge Way. Staff is highly supportive of this alternative and believes it is the most beneficial, and feasible of those proposed. In Kendrick Enterprises' second alternative the application and testimony provided indicates that if in a detailed examination of the site (including geotechnical evaluation) it is determined that subsurface parking is cost prohibitive, then Kendrick Enterprises would locate 10 head-in spaces off of Will Dodge Way. Staff is not supportive of this alternative given the adverse impacts to what could be a valued pedestrian area as the undeveloped properties complete the development pattern established by the Mojo's building, the Key ofC complex, and other historic East Main Buildings with business frontage on Will Dodge Way. Mixed Use Commercial There has been considerable discussion by the Housing Commission as to whether a con1mercial component is appropriate, and if so concern has been raised as to how it benefits the affordable housing. Two of the four proposals contain a commercial component on the ground floor, and the other two proposals provide affordable housing with no commercial component. Staff is supportive of providing a commercial component in the development of the site. Although not technically required as "Public Parking" constitutes a permitted use on the ground floor the Commercial Downtown zone (C-I-D). The purpose of the C-l zones is II... to stabilize, improve, and protect the characteristics of those areas providing commercial commodities and services "(ALVO 19.32.010). Further it is staff's belief that the commercial activity facing Lithia Street provides a positive contribution to the streetscape and enhances the pedestrian environment. As a counter example locating parking on the first floor promotes an auto orientation for Lithia Way with limited pedestrian appeal. The Commercial development design standards aim to It... improve the projects appearance, enhance the City's streetscape, lessen the visual and climatic impact of parking areas... " (pg 17, Site Design and Vse Standards). At a. minimum any parking lot must be screened to reduce the adverse visual impact (11-C-2D2, Site Design and Vse Standards) which could be partially accomplished with landscaping and architecturally through the design of the platform. Of importance in the development of formal plans for site review approval is the land use criteria that at least 65% of the ground floor shall be a "permitted use" in the zone (ALVO 18.32.025). As stated previously "public parking" is such a permitted use and would satisfy this criteria. In evaluating the development proposals received what is of relevance relating to this Land V se criteria is the defmition of "ground floor". In the event public parking becomes subterranean, it will require a carefUlI calculation to determine whether this parking level is technically defmed as a basement or can qualify as a first floor. In the event it is a basement this standard, that 65% of the ground (frrst) floor be a permitted use, would not be met. An exception to this standard could potentially be obtained for a proposal that does not contain commercial on the first floor, or alternatively to meet the standard it would effectively require the parking level to be the "frrst floor" and thereby be more exposed and taller from the sidewalk grade. The downtown core is the economic and cultural center of the City. The concentration of commercial development within this core contributes to the vitality of the downtown as a whole. A commercial ~.~- ._"~ r component on site would provide not just additional jobs within the immediate vicinity of the proposed affordable housing but also succeeds in maximizing the utility of the space. The inclusion of commercial on the site is not only desirable for aesthetic and economic reasons, but consistent with the character of the historic development pattern and Ashland's longstanding support of a compact urban fonn. The Housing Element of City's Comprehensive Plan encourages such integration of commercial and residential uses where appropriate. "Mixed uses often create a more interesting and exciting urban environment and should be considered as a development option wherever they will not disrupt an existing residential area. " (CH 6 goal 2a). Staff believes that this site provides such an opportunity without disrupting any residential areas and thus a commercial component should be encouraged as part of any development plan. Commercial Contribution The discussion of a commercial component on this site goes beyond the economic vitality of the downtown. Specifically the Housing Commission has questioned how a commercial use provides a direct benefit to the affordable housing portion of the development. In the simplest sense the commercial component provides an incentive for for-profit developers to engage in the development of lower income affordable housing. The Sandler Films proposal accurately demonstrates that the donation of airspace alone provides a private developer enough incentive to develop affordable housing only if all of the units are targeted to the 80%AMI units, with rents maximized, and with the original construction costs to be paid by the City at the conclusion of the period of affordability. Further in testimony Mr. Sandler stated that even with the 80%AMI level the desire to do the development is not one of aiming to make a profit, but merely to recover costs while contributing needed affordable housing to the community. By allowing a developer to include the commercial component the development can include units aimed at the 60%AMI or below level. The issue discussed by the commission relates to how much subsidy does the inclusion of the commercial component contribute to the housing, and specifically what is the benefit to the City. Housing COlIunissioners have explored potentials to have any commercial lease proceeds directly offset rents, or in exchange for unrestricted commercial use that the housing be developed without additional costs to a non-profit partner. The LDC Design Group proposal would utilize tax credits to assist in the development costs of the housing units and rental proceeds for a 15 year period to cover the cost of the affordable housing construction. In their proposal the commercial component, as well as six for market condominiums would be sold independently and perpetually be privately owned. It is clear in this proposal that the commercial and for-market rate residential units, coupled with the Low Income Housing Tax Credits provide signific:ant incentive to develop the property and affordable units. The City would gain the affordable housing units without cost, and the developer has the incentive to complete the project to have the comm,ercial and for-market rate units as assets. In the Kendrick Enterprises proposal the commercial space would be leased out to businesses by the developer and at the conclusion of a 40 year period would revert to the City in its entirety. During the 40 year period the proceeds from the commercial space would go to the developer to pay for the commercial units construction and provide the profit incentive to undertake the project. The obvious public benefit ill this arrangement would be that at the conclusion of the 40 year period the City would own the entire facility and could lease to commercial space and utilize the proceeds to create or r., r- rehabilitate affordable housing units on site or elsewhere in the City. In this proposal the development costs associated with the parking level and fust floor (commercial) are not contributed tiD the construction cost of the residential units but included in the Commercial development costs. The cost of building a platform above the parking level would otherwise have to be absorbed into the housing costs and recaptured over time by increased rents (or greater subsidy initially). As noted previously the rent levels proposed in the Kendrick Enterprises are not consistent with the HOME Program~, therefore it is anticipated that should this project be selected the rents would be reduced requiring greater contributions from the developer (lower sales cost to ACL T) or additional subsidy obtained by ACL T (HOME or loans). Staff can not answer the question how much profit would the commercial space generate over time, and how much profit is enough to still entice the for-profit development community to consider a development. In examining this issue one must consider the opportunity costs from a developer's perspective. If the profit from this project is markedly less than could be obtained by doing another, un- regulated, development, thenthe for-profit development community will seek those otht::r opportunities. A public-private partnership need be mutually beneficial to become a reality. In the casc~ of the Kendrick proposal staff believes the reversion of the commercial component to City ownership would enable the City to benefit from the commercial component for the majority of the building's life and as such provides a substantial public benefit without any direct contribution from the City, with the exception of the no-c:ost air rights. In the case of the LDC Design Group proposal staff believes the project is based on high quality urban design and a legitimate financing model, however staff believes the benefit to the developer is disproportionate to that of the City in the long term given the commercial component would ne:ver revert to City ownership. Staff Recommendation Staff recommends the Commission forward a recommendation to Council in support of the Kendrick Enterprises proposal with the condition that the rents are adjusted to be consistent with the HOME program, and that the subsurface parking scenario presented in the application be a condition of selection. It is our belief that this proposal embodies the initial concept of the affordable housing RFP, while also respecting the development context of the downtown. Should the Commission wish to forward an alternative recommendation to Council the tie>llowing options exist: 1) Recommend that another proposal be selected as presented, or with specific suggestions for modification by conditions. 2) Recommend a new RFP be issued with greater specificity to include: commercial/no commercial unit size limits (minimum or maximum) income range targets consideration of non-profit partnership in evaluation criteria parking location recommendations commercial contribution to housing costs reversion to City of Ashland Period of afIordability It must be recognized that issuing a new RFP further delays this process, whi]le potentially sending a chilling message to the development community. .~- ._~~ I 3) Provide Guidance to council on suggested components without recommending the issuance of a new RFP or the selection of an individual proposal. r~' r CI1rv OF ASHLAND ____________________________"_______ ______________u______________ Memo DATE: TO: FROM: RE: April 13, 2005 Housing Commission Mike Reeder, Assistant City Attorney Lithia Way RFP Process This memorandum is meant to provide the Housing Commission guidance regarding the Lithia Way RFP selection process. Below are your options for consideration: The Commission may: 1. Recommend one specific proposal of the four received. 2. State a preference of for components of proposals, but refrain from making a recommendation from a specific proposal. 3. Recommend an addendum to the RFP be sent to each respondent. 4. Recommend that no proposal submitted be selected by Council. Note: The Housing Commission may not accept any modifications of any proposals. CITY OF ASHLAND Legal Department 20 East Main Street Ashland, OR 97520 www.ashland.or.us Tel: 541-488-5350 Fax: 541-552-2092 TTY: 800-735-2900 Michael W. Franell, City Attorney Micheal M. Reeder, Assistant City Attorney Sharlene P. Stephens, Legal Assistant/Claims Manager Nancy Snow, Legal Secretary -'~- ._~11 11 -~------------------------- CITY OF ASHLAND Housing Commission Memo Title: Dept: Date: Submitted By': Lithia Lot housing Proposals Planning Department March 30, 2005 Brandon Goldman, Housing Program Specialist Background The City's Housing Action Plan identifies downtown parking lots as potential sites: for affordable housing projects, utilizing the airspace over the lots. On August 17, 2004, the City Council reviewed a draft RFP regarding this issue, and raised several areas of concern. The Council directed Staff to revise the RFP based upon comments raised during the meeting, and to bring back additional information regarding thosl~ concerns. In October of 2004 the Council approved the proposed Request for Proposals and it was issued on December 23, 2004 with a submittal date of February 23rd, 2005. The City received four proposals which were distributed to the Housing Commission on February 23rd for review. At the regular 1tneeting on March 30th the Housing Commission is to hold a public hearing to receive public comments and forward a recommendation to the City Council on the proposals received. Proposals The four proposals received can be divided into two distinct categories. The fIrst type of project involves essentially building a deck above the at grade parking lot and developing 9-10 affordable housing units above it. Sandler Films Inc. and the Housing Authority of Jackson County proposals are of this type, although clear distinctions between the two do exist. The second catl~gory of proposals include underground parking with commercial d(~velopment on the first floor, with affordable housing above. The LDC Design Group and Kendrick Enterprise LLC proposals are of this type. All proposals nleet the primary intent of the RFP to solicit developments that would create affordable workforce housing and retain the existing public parking lot. The income level of the future residents of no more than 80% area median income is met by each proposal. Evaluation Given the clear distinction between the types of proposals received Staff can not provide a direct comparison betw'een all four but has instead attempted to highlight differences between each type. The City Council and Housing Commission have also yet to comment on the concept for a commercial component on the site, although it is zoned commercial. Given the distinct differenc:es in the approach taken it is difficult for staff to provide a formal recommendation for one of the four proposals. In evaluating each of the proposals Staff has identified the following strengths and ,veaknesses for consideration by the Housing Commission. Staff is not attempting to evaluate site design and aesthetic components of (~ach proposal as these can be altered and reviewed at a future date. However, those r., r components that are clearly integral to the proposals and unlikely to change through further design are evaluated. This should assist in identifying variations between the proposals. of Jackson Coun Stren ths Lon Term Affordabili 50 Years or Ion er Targets low income levels. All units are to benefit households earning less than 60% area median income (AMI). Additionally witlh the subsidy of Section 8 vouchers the Housing .Authority proposal could potentially benefit households earning as low as 30% AMI. Rents correlated to ability of individual households to a and not be overburdened b housin costs Levels the parking lot's existing grade to be at the Lithia Street elevation. This effectively reduces the overall height of the first story to be only 8-9' on the Lithia Street fronta e. Dedicated resident handicap parking space located off Will Dod e Wa . Levera es State and Federal Funds Units would have washer dryer hookups, dishwashers, and would ran e in size from 675s .ft to 860 s .ft. Extensive ex erience develo in affordable housin Extensive experience managing affordable housing owning or managing 7~22 such units in Jackson and Jose hine Coun . Sandler Film Inc. Coin operated Laundry on-site Articulation in facade breaks up mass of buildings. Experienced developer of mixed use and commercial buildin s in Ashland Weaknesses Funds necessa for Pro'ect are com )etitivel awarded Readiness to Proceed - Would not apply for Federal HOME funds through the State until February 2006. However the application indicates a timeline for development would be initiated as eariy as May, thus the submission of plans for City approval (Planning/Building) would be undertaken during the delay in applying for HOME funds. Parking is highly visible on the Lithia ~Vay frontage with o enin salon the entire facade. Up to 4 space reduction in public parking (however one space is shown as Handicap where none exist currently). Weaknesses No ex erience develo in affordable housin No experience managing affordable housing Parking is highly visible on the Lithia VVay frontage with ex osure alon the entire facade. Due to the retention of the existing parking lot grade to allow for use of Will Dodge Way as maneuvering area, the Lithia Way frontage would have a 12' -13' first floor sto . Rents are established at the maximum 80% household level. Thus households earning less tlnan 80AMI would be overburdened b housin costs. Use of Will Dodge Way to access parking adds traffic to a low traffic business servin aile . ~~- ._~~ r Kendrick Enter rise LLC Stren ths Proposes units to benefit a range of incomes: two units for 30% AMI, five units for 60%AMI and three for households earnin 80%AMI Partners with Ashland Community Land Trust to own the affordable hou~;ing - management of the units would potentially provide a minimal income stream for ACL T while using their experience in working with low- moderate income households. Experienced with Mixed use and commercial development Experienced with affordable, transitional, and special needs housin develo ment Setback of the majority of the second story mass (residential units) and the apparent separation of buildin s reduo9S mass alon Lithia Wa . Mix of unit types (studio, one bedroom, two bedroom) provides housing opportunities to varying sized households. Provides pedestrian connection through site to Will Dod e Wa . Underground p~.rking obscured from site and number of available spaces is increased to 16 including a handicap space. Additional spaces provide the opportunity for a resident only space(s) to accommodate loadin lunloadin for residents. Bike Parkin ,and stora e rovided for residents. Stren ths Underground parking obscured from site allowing for a retail space on tlhe ground floor adding to the attractiveness of the streetsca e Provides pedestrian connection through site to Will Dod e Wa . Income generatilDn from commercial development or market rate residential subsidizes low-income units Proposed under!}round parking if it can be coordinated with adjacent pmperties. If coordinated up to 20 spaces could be provided. Ta~ ets 8 units IEtss than 50% AMI, with 8 at 80%AMI Reverts entirely to City ownership for $1 (plus exit taxes) at the end of the eriod of affordabili Extensive experience developing low-income downtown housin and mix.~d use develo ments. Partners with an experienced non-profit or property manager to manage the affordable housing. Weaknesses Requires ACL T, or alternative non-proftit affordable housing provider, to cover approximately $640,000 in develo ment costs to tar et the lower income levels. Indicates that during the budget and design process underground parking could be eliminated due to cost and parking could be located off of Will dodge way. This would add significant traffic to :e small business serving aile Question whether the commen:ial component, under management of the developer, will revert to City ownership at the conclusion of a 40 year "rights of ossession" eriod Funding Source for ACL T component not identified. Proposal indicates a fee for parking may be considered by the City whereas the existing lot is timed without char e. Weaknesses 10 parking spaces located off of Will dodge way. This would add significant traffic to a small business serving aile Option requests variance to height limit within the downtown zone to otentiall develo 4 stories. Option requests variance to residential density (between 16 and 22 units vs 10 permitted) within the downtown zone Requests Market rate units on a fourth floor. Although this clearly would subsidize the affordable residential units Council and the Housing Commission indicated that the property was not to be Ulsed for Market rate housin . 30 year period of affordability Although the application states the affordable housing units will revert to City ownership, no mention of the commercial com onent is rovided. r~' r - Funding 10 spaces comments At the conclusion of 50 years the City would either "buy the equity" in the building or anow continue the use as affd. housing under the Housing Authority's ownership. 16 or comments At the conclusion of the period of afford ability Ihe City would be responsible to pay original construction costs (without interest). lein estimated in the amount 01$1 ,000,771 Annual renewal of affordabifity period. comments The affordable units would revert to City after 15 -30 years at no cost to the City Commercial and Market rate residential units would !lQ1 revert to City. comments Entire project (commercial and residential reverts to City ownership after 40 years at no cost to the City Note two parking scenarios depending on cost. (affd units only Cost 1,500,000 for Affd. Housing Portion $5,416,250 (total cost Sources LlHTC -low income Housing TaxCredits $ amount not provided Cost $1,000,771 Sources private financing, or loan lein see recapture Cost $1,011,000 Sources $485.000 HOME $100,000 Oregon Trust Fund 426,000 Canst. 10l!.n loan HOME Cons Cas !! Sources $637,445 $522,000 59,445 ,.~ Pr-osal ~ Units (#11 Initial Rents :r: !1!!. Perl;; of Affd, Parkl,;g-- Kendrick Enterprises Public Private Market x. x -;- x 10-16 x 80% 3 - 2@$833.75, 1@$937.50 2@680, 1@880s 40+ years 60% 5 - 2@$547, 2@$625.50, 1@$703.50 2@480, 2@600 1@880 40+ years 50% X x x x 30% 2 $312.50 480sf 40+ years Total 10 LCD Design Group Market 6 Unregulated 1200-1800sf (sold~not affordable) ~ 80% 8 not provided 850sf 30 years 60% X x x x 50% 8 not provided 6@500, 2@650 30 years 30% X x x 30 years Total 22 ~ - Housing Authority - - - Mar~ x x x x IIT:J 1 80' x x x x 60' "8 2@$461, 2@$555, 2@$621, 2@$665 4@625, 4@860s 50+ years 50' T -- -~ 860sf 50+ years 30' X ----;-- x x Tot~ 9" ----;-- x x ~- Sandfer -- -- - - X ---;- x x i3T;- 1...Q. $640,:.$750 5@600, ~@700s up to 60 years - - ~ ~ ~ {see re~apture) X x x x - - - - X x x x 03- l ~ tnn :I::; r--e >0 z... 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S i3~a II: - .! 118 4&J:e!5 IAJ@ .. ,. t::~- 90 .. ~ ~ 5~a: <~ :i -~ a:....~ ~ ::!! ~ ~ <!l._ ~.ii: W ......__ / ~ 'QNV11SV iB ),. ~ . . III ~ r' ~ 9N1SOOH ~ i i · 3'1EIV~ )'VM vlKLn. sll ~ II /1 I ( ~ l!i W'WiIUS~ iIJfJMIi9 ~ ~ W'W iUS an -eta . . ~ ~ ! i I ! 0) ....... fi / I / / J... ~ l" !::- " / I / I / / ~/ I ~ ~I ;~ iLl I~ Ii _I 11 I ~ ~ j ~ !~ g ~ j~ 19lf ~~~~ a1;1 tll 1L ex:> " 1- II~ . l~! t11! t! Ij.'~ ) ~~ . Ii . .~ ~I~f! -- i t. it '., . I Sandler Films Proposal City of Ashland aod Sandler Films, loe. Affordable Housing Development Agreement Lithia Way Parking Lot Airspace Development Agreement made and entered into by the City of Ash]and ('cCity") and Sandler Fi]m~ Inc.('~Sandler") or assignee, in consideration of the promises, terms and agreenlents recited and agreed to below: Sandler has a valid business license from the City of Ashland and is in good standing with CaJifomia and Oregon Corporate divisions. Recitals: A.) Sandler desires to initiate a pilot project for the private financing and deveJopment of affordable rental housing within the City of Ashland. B.) The City has available for such development the airspace ("airspace'~) ov~~r the Lithia Way Parking lot ("parking structuren). City and Sandler agree: 1.) Definitions. For the purpose of this agreement "affordable rental housing" means housing meeting the requirements and guidelines of the City of Ashland affordable housing program for low income housing. In this agreement Sandler is using the 80% AMI rents as of this date and will approximate monthly rental fees not more than $550 for a studio apartment~ $640 t4)r a one bedroom apartment, $794 for a two bedroom apartment. Using the 80% AMI as of this date means a one person household could make no more than $ J 0,950 per year, a two person household can earn up to $33,350, a two person household with one child or dependant can earn not more than $37~500, and a two person household with two chiJdren can earn up to $41,700. The minirnwrn size of a studio apartment is 350 sq. ft., a one bedroom is 600 sq. ft. a two bedroom is 800 sq. ft. An alternate to the AMI or in conjunction with the A1v1I, Sandler wishes to discuss with the City ;il1so using a rent adjustment procedure that adjusts the rent yearly to reflect the percentage increase in the Consumer Price Index for all commodities for the City of Portland, Oregon (CPI) from the month of December immediately prior to January 1 of the then current year. By way of example, in orde:r to calculate the Base Rent due January 1,2007 the Base Rent for January, 2006 shall be multipli~~d by the CPI for December, 2006 and divided by the CPI for December 2005. While we are discussing adjustments in rent we are also agreeable to setting limits of how high the adjustments can go in any given year and stating that adjustment win never go below zero for that particular year for purposes of calculating rental adjustments from year to year" 2.) Conditions of Lease. City win lease to SandJer and SandIer wiU lease fTom the City the airspace above the parking lot together with a perpetual nonexclusive eas(~ment to use the parking Jot to construct, maintain, repair and replace as needed improvements in the airspace, and Lithia Way Parking Lot-AffordabJe Housing/Sandler 1 I also a perpetual nonexclusive easement to use the parking lot and all driveways leading to the parking lot to provide access to the airspace. The foregoing easements are hereafter co]]ective]y referred to as the "easements~'. 2.]) Lease of the airspace shall include the right to utilize the parking lot as a support for and access to the deveJopment; provided that there be a minimum Joss of parking spaces of the existing parking lot. The City and Sandler will work in good faith in order to plan for the airspace structure in a manner to keep the elimination of parking spaces on the existing lot to a minimum allowing for design, safety and accessability. As related to plans herewith submitted the parking Jot wi]] actually gain one parking space and no loss of parking spaces 'win be needed under the plan herewith submitted. 2.2) Sandler shal11ease the airspace for $l/year for 60 years. At the end of the 60 years the City wiH reimburse Sandler for the cost of improvements constructed by Sandler at the time the improve~rnents were constructed, without interest from the time that such costs were expended by Sandler. The amount to be paid to Sandler for such reimbursement shall be supported by accounting of the budget and expenses in a fonnat to be approved by the City of Ashland and Sandler. In order to secure payment of said reimbursement, City shall execute in favor of Sandler a promissory note and truSlt deed encumbering the property, due upon expiration or tennination of the Jease or upon sale of the property by City. Upon acceptance of the general outline as stated in this offer then the City of Ashland and Sandler will prepare a more fonnal lease and reimbursement agreement and note and trust deed relating to the improvements to be constructed by Sand1er covering the proposed project. Sandler may petition the City not more than once each year to re evaluate if the project is being uSled for it's best use and the City in good faith wil1 entertain a change in use submitted by Sandler with the understanding that the City is not obligated to make any changes in the original intent of this agreement. 2..3) The conveyance oftbe airspace shan be subject to a restrictive covenant that requires the airspace to be developed only for affordable rental housing for a minimum of 60 years or as otherwise stated in 2.2) of this agreement. 2.4) City and Sandler will comply with the requirements of ORS 221.725. 2.5) The lease will be subject to City Planning approval of the project. 2.6) The ]ease win be subject to written determination by Sandler that the project satisfies S~U1dIer's due diligence investigation. Sandler shan exercise diJigent, good faith efforts to complete his due diligence within a commercially reasonable time. 3.) D(~velopmentofAfTordab)eHousing. Sandler shall construct or cause to be constructed with reasonable diligence Ten (10) affordable rental housing units according to plans and specification complying with applicable building and land use laws and regulations. Design and specifications shaH be subject to the approval of the City. Design and layout herewith submitted. Lithia Way Parking Lot-Affordable Housing/Sandler 2 r 3.1) Attached herewith is a fact sheet on Mark Mc Kechnie~ registered architect with the state of Oregon of McKechnie and Associates, associated with Batzer Design and Build, indicating the expertise in affordable housing design and supervision. 3.2) Sandler has been in consultation with officials and professionals who are knowledgeabJe of the State of Oregon affordable housing agencies, in an effort to create a proper internal management structure that would coordinate the development and m~magement of the project during development and thereafter the leasing and operation of the property under the minimum guidelines that are consistent with Ashland's Affordable housing standards. Sandler has the expertise to manage properties it owns or has the master Jease(s) on. 3.3) Sandler has the means to finance this project with its own funds and/or to finance this project in whole or in part through Umqua Bank. Letter of intent from Umqua Bank herewith inclosed. 3.4) The City of Ashland will wave all building penn its and SDC fees in relation to the construction of this project which will be owned by the City of Ashland. 3.5) Sandler is developing this project as a piJot project for affordabJe housing. Sandler will consider developing other properties for affordable housing using this format to develop other City property(s). 4.) Requirements Regarding Tenants. 4.1) Sandler shall retain professional management personnel and or a property management Company experienced in the screening and approval of tenants who qualify for affordable rental units within the development. 4.2) It shaH be a violation of this agreement to rent, seIJ or occupy, or attempt to rent:> seU or occupy, an affordable housing rental unit in the project except as penmitted under the tenns of this Agreement. 5.) Indemnification. Sandler agrees to protect, defend, indemnify and hold the City and its officers, employees and agents hannless from and against any and all claims, penalties, damages, Josses and expenses, professional fees, including, without limitation, reasonable attorney" s fees and all costs of litigation and judgments arising out of any claim, willful misconduct or negligent act, error or omission, or liability of any kind caused by Sandler, his agents or employees, arising out of or incidental to the perfonnance of this Agreement. SandIer is Dot responsible for HabjJities arising out of the use of the parking lot by persons utilizing the parking facilities or persons and or vehicles passing through the parking Jot that are not associated with the deve10ped property. Statement herewith attached from Reinholdt and O'Harra Insurance, Ashland., Or. 6.) Covenants. Sandler agrees that aU of his ob1igations under this Agreement shall constitute covenants, restrictions and conditions which shall be appurtenant to the land and shall be binding Lithia Way Parking Lot-Affordable Housing/Sandler 3 r upon and inure to the benefit of the City and Sandler and his heirs, assigns and successors in interest until this Agreement is tenninated in accordance with Section 8. 7.) I:ntire Agreement. This Agreement constitutes the entire Agreement between the parties hereto and shan inure to and be binding upon their respective heirs, successors and assigns. Subject to a mon~ formal lease between the parties. 8.) Termination. Each affordable housing unit shall be restricted to remain and be maintained as the type of affordable housing rental unit designated in accordance with this Agreement for at least 60 years rrom the date of issuance of a Certificate of Occupancy for such unit. Or as may relate to Paragraph 2.2 of this agreement. 9.) Further Assurances. The parties shaH execute and deliver, in recordable fonn if necessary, any and ~dl docwnents, certificates, instruments and agreements which may be reasonably required in order to effectuate the intent of this Agreement. 10. ) T;axes and Liens. 10.1) Sandler agrees to pay when due all personal property taxes and all governmental or other aSSI~ssments levied against the personal property of SandJer located on the premises, the improvenlents and the property. It is understood that this property and development on the property is owned by the City of Ashland and is not subject to property tax. However, if real property tax is imposed on the improvements constructed by Sandler on the property, then Sandler will pay such real property taxes when due. However, the City wi]] cooperate as necessary to give proof of status of City ownership to the proper authorities and wi]] co-operate with SandJer in contesting the imposition of real prope:rty taxes on such improvements. 10.2) If Sandler objects in good faith to the validity or amount of any tax, assessment or Jien, Sandler, may contest the validity or amount of the tax or assessment or lien, provided City's interest in the premises and the parking structure is not jeopardized. Sandler shall otherwise keep the premises :tree from aU ]jens. 10..3) Sandler shall provide City with written evidence reasonably satisfactory to City that all taxes and assessments, if any, have been paid when due. Sandler shall submit this evidence after each required payment of taxes and assessments. 11.) Representations. Sandler takes the property in the condition existing at the time of the execution of this contract. City and Sandler acknowledge that this agreement contains all agreements as between them with respect to the leasing of tbe property subject to a more fonnal lease agreement to be finalilzed. 12.) As!.ignment. This Agreement shall be binding upon and inure to the benefit of the parties, their successors and assign, but no interest of Sandler shall be assigned, subcontracted or otherwise Lithia Way l?arking Lot~Affordable Housing/Sandler 4 r transferred voluntarily or involuntarily prior to closing, without the prior written consent of the City. City's consent shaH not be withhe]d unreasonably however that SandJer shan have the right to assign this Agreement to an entity of which Sandler is an owner of not less than 50% of the ownership interests. Consent by City to one transfer shaH not constitute consent to other transfers or waiver of this paragraph. An attempted assignment in violation of this provision shall be void and of no effect with respect to City. During the ]ease period Sandler shaH have the right to seH and or transfer this lease once the notice of completion has been issued by the regulating departm(~nt of the City of Ashland provided that such sale or transfer does not change the intent of this agree:ment or the Jease. If such a sale or transfer is negotiated with a third party, then the City of Ashland has the right of first refusal to purchase the sale or transfer of the lease under the same terms offen~ to a third party and will be given 30 days to exercise this option. 13.) Default. Time is of the essence of this contract A Default shall occur under any of the folJowing circumstances that occurs prior to closing: 13.1) Failure ofSandJer to make any payment within 30 days after it is due. 13.2) Failure of Sandler to perfonn any other obligation contained in this contract within 30 days after notice from City specifying the nature of the default or, if the default cannot be cured within 30 days, failure within such time to commence and pursue curative action with reasonable diligence. No notice of default and no opportunity to cure shall be required if during any 12 month period City has already sent a notice to Sandler concerning default in the performance of the same obJigation 13.3) Dissolution, tennination of existence, insoJvency on a balance sbeet basis or business failure of Sandler; the commencement by Sandler of a voluntary case under the federal bankruptcy laws or under other federal or state law re1ating to insolvency or debtor's relief; the entry of a decree or order for relief against Sandler in an involuntary case under the federal bankruptcy laws or under any other applicable federal or state law relating to insolvency or debtor's reJier; tbe aPIX>intmentor the consent by Sandler to the appointment of receiver, trustee, an assignment f;()f the benefit of creditors by Sandler. 13.4) The making or suffering by Sandler of a fraudulent transfer under applicable federal or state law; concealment by Sandler of any of its property from creditors; the making or suffering by Sandler of a preference within the meaning of the federal bankruptcy law. 14.) Remedies on Default. In the event of a default, City may take any on(~ or more of the following steps: 14.1) Cancellation of this contract by suit in equity; 14.2) Specifically enforce the terms of this contract by suit in equity; Lithia Way Parking Lot-Affordable Housing/Sandler 5 I 14.3) In the event Sandler fails to make any payment within 30 days after it is due, City may elect to impose a late charge not to exceed 12 percent per annum. This memorandum is in response to a request for proposal and qualification datedJanuaty 23~ 2004 from thc;~ City of Ashland City CounciJ and the Housing Commission. It should be noted that this proposal is subject to re negotiation and it is recommended that a meeting be held between the applicant and the proper authorities of the City of Ashland and the Housing Commission to discuss possible changes to the proposal Since this is a new concept that I originated I am opt:m to suggestions regarding this project in an effort to create a concept that will work for future affordable housing deveJopments. ~ /~~ Sandler I~ilms, Inc. b , AHan Frank Sandler, President P.O. Box 306 Ashland, Oregon Phone: 541 4882025 Fax: 54] 4881072 EMail: SFI391@ao1.com January 6,2006 ~. Lithia Way J~arking Lot-AffordabJe Housing/Sandler 6 I ,4-rr: O('~Of\. s MEMO Sandler Films, Inc. '=-.. o. Box 306 391 Dead Indian Memorial Rd. Ashland, OR 97520 Phone (6;41) 488..2025 Fax (S41) 488-1072 TO City of Ashland Brandon Goldman Department of Community Development Allan Frank Sandler. President FROM: DATE: RE January 18~ 2005 Supplemental Memorandum Affordable Housing Development over lithia Way Parking Lot Sandler Filmsy Inc. is submitting this supplemental memorandum to it's proposal for affordable housing over the Lithia Way parking Lot. It was noted in the proposal that Sandler would do it's due diligence In a normal period of time. Sandler feels that this area needed more clarification for when we meet. 1.) If Sandler is selected for the project and the basic plan desiign has been preliminary approved by the City. Sandler would need to bid out the project for final construction costs. Thus the time for this part of the due diligence would in good part be up to the period of time City would need to approve the initial plans. 2.) Other items related to due diligence would be the final lease. One of the areas in the final lease will be what the City will be paying 'for and what Sandler wiJI be paying for relating to (a) construction period and (b) for ongoing cost during the rental period. a.) Costs of City permits, fees, approval and hearin~g charges. b.) CoSt5 of the following: · Insu ranee $5000/year · T axes if any · Repairs and maintenance $1000/y'ear · Elevator maintenance and phone for elevator $3000/year · Utilities for common area $1200/YE~ar I bring up the above so you will be prepared to discuss these expenses and who will be pay; n9 for what since the City will own the bu ilding. . TV! J TiiJ .. '':1t:)tf,...j >-r::rlI1NtJC;, ... .; 7.IIHRRb Tbq' , ." qT:"!> F.' <;AA7.I~ ,.~. Annual ProIJ1erty Operating Data for Affordable Housin~1 I I Property Name: Lithia Way Housing. Purchase Price: I Location: Comer of Lithia Way and Pioneer Plus Acquisition Costs: Ashland OR 97520 I I Type of Property: Affordable Housing Plus Loan Fees/Costs: I Size of Property: 7200 sf total Less Mortgaaes: 6600 sf rentable space 600 courtyard Assessed/ADDrallsed Values (based on DroDtax bill} Land $1 Improvements $1.000.000 t Personal Property $700 (WID) Total $1.000,701 I ALL FIGURES ARE ANNUAL Potential Rental Income $/SaFt % of GOI Annual $ Sinole StOry Units 1 600 s ) $12.80 9.1% $7.680 21 (600 s ) $12.80 9.1% $7.680 3 (600 s ) $12.80 9.1% $7.680 4 600 sf) $12.80 9.1% $7.680 5 600 sf) $12.80 9.1% $7.680 Two Story Units 61 (700 sf) $12.86 10.7% $9.000 7 700 sf} $12.86 10.7% $9.000 8 (700 sf $12.86 .10.7% $9.000 9 700 sfJ $12.86 10.7% $9.000 10 (700 sf) $12.86 10.7% $9.000 Common Area (600 sf courtyard) Coin Operslted Laundry $1.29 1.1% $900 TOTAL GR:OSS INCOME $12.77 100.00% $84.300 ..Vacancy & Credit Losses $0.38 3.0% $2,529 Effectlve'racome $12.39 97.00% $81.771 Operatina Expense Advertising $100 Building sU~fplies $400 Dues and Subscriptions $100 Insurance I $5.000 Janitorial SUDofies $600 . Off SiteMaOl!loement $6.000 ,Payroll - Janitor . $3.500 TaxeslWork~9r's Compensation $420 Prof Fee: Accounting $800 Prof Fee: Le!~al $1.000 Repairs and Maintenance $1.000 Real Estate Taxes I $0 r r--- E'evator Maintenance $2.530 Telephone $500 Utilities: Water/EleclGas $h200 Utilities: Sanitation $0 TOTAL OPERATING EXPENSES R3J150 1 Net Operatinn Income $58.621 1 Less: Annual Debt Servioen(U~ual Less: Particjpation Pavrnents Less: Leasina Commissions Less: Funded Reserves J :1>>0 CASH FLOW BEFORE TAXES $58.621 r f -rrr--n m----u u---m- [Or---U rr--rrr f mrn~: mm. mm ~ ------------ ------------ ------------ [] J[ :JJ PROPOSED WEST ELEVATION '14...".0" ~ ( _J ~ ~ ~rn m m ~ ------------- l .r ~q l'I .go ---I ~. ~! I .! i Ii C II; .. a ! !!~ o a";:- . <<jl I f f!~" · i i 2. ~ i.. ~ ~]~ I .~. ; ~ I ! IW!Zo1l1 ~ al"' ., · - 51 ~ I i~ ~ a! Ii . ~ " iJ I~ Ii Q, ,.. I 115 II. J r I ,(! 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IJ'J c: o U f/) (f) m () o '- a.. .~ E r... () C. ---.. I -+ '';:; u := '- .... CJ? c:: o (,) ,.. ~ ~..: <i ('... 0: 'J...~ CI ,or) ~ ,....., ..../ ...... 5!.: f-- Ln ~,._, '--' c (C 0i Q) T"" '0.1 N ,. '- V (1;' <: ([.' r- C. r t: ,,~ >- ro "t:' c .--- '--'~ c o >. (.J t: ro c.. ::; () (.) o .-" .. '7' - .- - ~ - - -- - -- ~ ~ -. '. ;. -- , ~-... - - .. ~ ~- -~ ,..:: n I " , I, l-: ~ ^':'1~ ., '. " ..:: 7 ,~ .:::. '/ (". ~~ ...~ :.: f -~ " - - :=., '... C ~ !:c 1120 u C IT)' 0 I -ASH LAN D Affordable Housing Development - Lithia Way Parking Lot c. References Our future success depends upon the service, relationships and work we have provided on past projects, We are proud to provide you our reference list. Bob Kendrick, Kendrick Consulting Incorporatt:;d: if City of Ashland, Dick Wanderscheid, Electric & Telecommunications Director, 90 N. Mountain Avenue, Ashland, OR. (541) 488-5357, dick@ashland.or.us, Ashland City Library Project if Southern Oregon University, Ron Bolstad, Vice President Finance, 1250 Siskiyou Blvd" Ashland, OR 97520, (541) 552-6319, SOU CVA and Ubrary Projects it Southern Oregon University, Elizabeth Zinzer, PresidHnt, 1250 Siskiyou Blvd., Ashland, OR 97520, (541) 552-6111, SOU CVA and Library Projects it Arnie Green, Director of Community Works, 900 E. Mai;) S1. #227, Medford, OR 97504, (541) 77B-2393. Ashland Grove it Key Bank, William "Bill" Whalen, Senior Vice PresidEmt Business Relations, 2023 Stonecrest Dr., Eugene, OR 97401, (541) 484-3546, Ashland Grove . City Hall, Greg Scoles, Deputy City Manager, 100 Santa Rosa Ave., Santa Rosa California 95404, . (707) 543-3010, Ashland City Ubrary Project and Shakespeare Parking Structure Dale Kuykendall, Emerick Construction Co.: if Southern Oregon University, Bruce Moats, Director of Physical Plant & Facilities Planner. 351 Walker Avenue, Ashland, OR 97520, (541) 552-8664, SOU Library Enhancement if McNamara Engineering, Jim McNamara, 1007 Ashland Street, Ashland, OR 97520, (541) 482-21101, Oregon Shakespeare Festival New Theatre & Allen Paldlion, SOU Library Enhancement If SRG Partnership, Skip Stanaway, AlA, 621 Morrison Street, # 200, Portland, OR 97205, (503) 222-1917, SOU Library Enhancement ir Oregon Shakespeare Festival, Paul Nicholson, Executive Director, PO Box 158, Ashland, OR 97S20, (541) 482-2111, Oregon Shakespeare Festival New Theatre & Allen Pavilion George "Bing" Sheldon: FAIA, &. John Echlin, AU\ SERA Architects: if Leavitt Capital Companies, Tom Leavitt, Principal, 202 Lake Washington Blvd., Seattle, WA 98221-6540, (206) 328-6777 ext.100, toml@Leavittcap.com, NW 23rd & Flanders - Reference for Bing Sheldon If Corvallis Neighborhood Housing Services, Jim Moorfield, Director, 257 SW Madison, Corvallis, OR 97330, (541) 752-7220, Corvallis Cohousing - Reference for John Echlin W City of Ashland, Dick Wanderscheid, Electric & Telecommunications Director, 90 N. Mountain Avenue, Ashland, OR, (541) 488-5357, dick@ashiand.or.us, Ashland City Library Project - Reference for John & Bing if Central City Concern, Richard Harris, Director, 232 NW 6th Ave., Portland, OR 97209, (503) 294-'1681, BNWB Housing - Reference for John & Bing it Lewis & Clark College, Jon Eldridge, Director of Residence Life, Coordinator of Judicial Affairs, 06'15 S.W. Palatine Road, Portland, Oregon 97219-7899, (503) 768-7145, jde@lclark.edu, Lewis & Clark CO"E~ge Residence Halls - Reference for John & Bing ., .... ..~ E MEa'1.;t.K CO"".VCIIOM co. 121 18 ., l;'j;n(;ria'~ February 19, 2005 Bob Kendrick Kendrick Enterprises, LLC 24 Crocker St. Ashland, OR 97520 Dear Bob: The Uthia Way proposal submitted to the City of Ashland by Kendrick Enterprises, in cooperation with Emerick Construction and SERA Architects, is a project the Ashland Community Land Trust is interested in coHaboratin~, on and supporting. The project is a mixed design of commercial, retail and 10 affordable rental units (deed restricted in perpetuity) with a subterranean garage with 16 parking spaces. Ashland Community Land Trust (ACL T) is interested in pursuing the conversation about purchasing those 10 units from Kendrick Enterprises and partners as described in the City of Ashland Lithia 'Way RFP. Our cooperation on this project would serve the City's objectives to develop affordable housingj, and providing opportunities to enhance cooperation between the public and private sectors. ACLT will work to acquire the funds to make the purchase of the affordable rental units. This project is of the size and scope that will enable ACL T to submit a grant application to Oregon Housing and Community Services (OHCS) Fall 2005 round of HOME dollars. HOME funds can be used for acquisition, rehabilitation, and/or new construction of single- or multi-family rental units which house low- and very low-income households. If that grant is successful and we begin to develop the project, ACL T then becomes eligible for Community Housing Development Organization (CHDO) funds which support ACLT operations for subsequent 12 month period. From management of the property, ACL T will create revenue streams helping to sustain the organization in the long term. The project includes 10 affordable rental units, a significant number of affordable units to add in a highly deSirable, convE~nient part of town, apPealing to a large portion of low- to mid-income people on waiting lists of ACL T, ACCESS, Rural Development and other housing agencies. ThiS team is a good one. The City of Ashland has relationships with the developer, architect and construction company, as well as with ACL T. This is an opportunity to demonstrate to the public how private and public organizations are collaborating to address the high cost of housing in Ashland. \fVe are excited to be included in this project and look forward to working with you. Sincerely, Shelley Austin, Executive Director Ashland Community Land Trust ASH l AND 340 "AN Street, Suite 211 COM M U NIT Y Ashland, OR 97520 LAN 0 T R U 5 T 541.488.7276 r LDC Design Group Proposal City of Ashland Affordable Housing February 23, 2005 I February 23, 2005 The City of Ashland City Council & Housing Commission 51 Winburn Way, Ashland OR 97520 -0 o :::1 f' J' )' . , , h T I .a(}t"(<f", Dear Mr. Goldman: Ashland's commendable vision for the development of affordable housing within the air rights over the publicly owned parking fields is to be applauded. Addressing the need for an increase in the affordable housing stock whjje improving the opportunity far a quality urbanljfe for local residents illustrates a compassionate government meeting the needs of neighborhoods. We are pleased to be proponents responding to your present RFP to develop sustainable and high quality, affordable housing on the Lithia Way parking lot sIte. ([D9 Design Group a Parael company EXECUTIVE SUMMARY The Project · The project, as presently outlined, wjll certainly i.mprove the quality of the immediate surroundings and present site. · Our analysis and assessment tells us that the present program's financial feasibility and the city's overall urban design objectives may not be met by following precisely the provisions of the present RFP. · Therefore, may we respectfully submit an option that enhances the original intent of the proposed vision? Parking · Reposition this function in a single underground parking plate contiguous with the underground parking proposed in the projects to either side of the site. This would allow the implementation of a pedestrian friendly ground plane. · Repositioning also reduces the overall number of accesses to underground parking for the presently proposed developments on both sides of the site by combining all into one and serves as an enhancement to traffic control in and out of the site. · Supporting retail in a lively, convivial streetscape will be an additional benefit of this parking configuration while allowin~~ significantly more housing options above. · The number of publicly accessible parking stalls will be preserved as will a public access easement through the site to align with the existing pedestrian alley. 20085 NWTanasbourne Drive HiIIsboro, OR 97124 p 503.858.4242 F 503.645.5500 E hillsboro@studioparaticom www.studioparatLcom . The limited site size does not provide for simultaneous resident parking and retaining the city parking spaces, Hill~boro, OR lillamook. OR Vancouver. \VA BeJlevue. WA Coeur d'Aiene, In Rocklin, CA Clermont. f'l r "D :) Managing the Site · Utilize contemporary urban planning that embodies community sensitive design strategies arrrd optimized land use: noting that each ;s driv'en by the limited availability of bui:d-able lands inventory. · incorporate parking solutions that broade 'I the perspective by freeing ti~e ground pLane for the vita;1 retail eJement that is needed to help pay for the ,improvements. (bDO · A prelrminary pro-forma demonstrates that building the low-income property upper fioor needs to be subsidized by an income-generating element. This can be accomplished with a retail space and or market rate rE~sidentlal units. Design Group a Palatl company The neight [imitation of the present proposal, defired in a specific number of feet is an encumbrance to practicable development If the city feels that it should limit the height, it should do so in terms of number of floors, not decimal measurements. Forty feet is net conducive to allowing for the higher ceilings needed to get light back into the gr~Jund {jom retail, aLlow fer HVAC equipment, 1r1e nine to ten foot ceiling heights desired . residentia~ or the design of eJevator and ~;taircase transportation eq uipment. Height restr;ctions also do not allow for the parapet necessary to hide the roof top equipment. We do understand that historical;;y, tne forty feet height limitation got imbedded in the design standards not because at the time resources were not available toO tne city :0 .;'.nprove the water pressure in the downtown core, or buy to purchase a pumper truck. This restriction was a considered at the time a temporary fire-fighting iSSUE, not one .of aesthetl'cs. Ou r thesis is simply to irl',prove the project by: 1" Contributing more value through adding more compatible uses 2. Augmenting dvvelling unit density to increase its financial viability and urban quality. 3. Financing the affordable housing component through tax-credits (UHTC). Our research shows this to be the most efficacious method. 4, Take aclv2ntage the LlrlTC financia' vehicle; by proposing to build a minimum of 15 affordable units 50 that project can be developer- attractive and feasible, This will require an increase to the current allowed density from 60 units/acre to 90 units per acre so that it becomes attracive for tax-credit financing for the affordable units. The freeing of tne ground plane fer retail spaces, we must reiterate, will contribute to an attractive streetscape, offset per unit parking construction costs and contribute handsome!y to the delineation of a public space. When taking into account the proposed development across the street and to both adjacent sides that include underground parking, retail, high quality' residential condos and a limited number of affordable units this supposition is especially revealing. I PROJECT DESCRIPTION o Site area is ,16 acres or 6969.6 sf. Ground plane: I' . h h ii, 1 I · 4250 sf retail and 800 sf lobby for the residentia Ilevels. · 10 preservation on-grade parking spaces for public parking off the lane complete with driveway and public access off Lithia Way. @c) 2nd & 3rd floor: · 8 affordable units/level over 2 levels for 16 affordable units in total · 5 x 1 bedroom units @ 650 sf each/level over 2 levels for lOin total · 3 studio units @ 500 sf each/leveJ over 2 levels for 6 in total Design Group a Pararl company 4th floor: · 6 market rate condominiums: · 1 @ 1800 sf (max) · 2@1500 sf · 3@1200 sf · noteularge size of units is achieved in part by using 300sf mezzanine loft within unit. Underground parking: · 1 level of underground parking comprising 21 parking spaces for residential use. · assume ramp down into oarking level is from adjacent properties · parking at 1.5 spaces/condo unit for a total of 9 a'ld .75 spaces/ affordable unit for a total of 12. We will require the city's development approval to allow a significant increase in the permissible dwelling unit density on the site. The proposed design while respecting a 4- story height maximum may exceed the city's 40 feet hei9!lt maximum. This will require a conditional use permit application to address heights over 40' but less than 55: Of course we will apply for all requisite building permits in the city of Ashland. If chosen, we intend to start the design and public consultation period immidately, We anticipate a 1-year duration during which we intend to apply for and acquire development/design approvals based on the city's performance standard options and system of bonuses to the desired density. This would be followed by a 6 month period for acquisition of building permits. We anticipate a 1 year construction period following granting of all applicable building permits. Total time frame would be 2.5 to 3 years to projected completion upon starting. r -0 PROJECT ESTIMATED PROFORMA Underground Parking 21 stalls $ 577,500.00 Ground Floor 4,200 SF retail space 1,800 SF surface parking $ 577,500.00 $ 11,500.00 16 Affordable Units j 2,000 SF $ 1,500,000.00 <IDe) Market Rate Units 6,000 SF Design Group o Parmi compony $1,500,000.00 Construction (ost Soft Costs @ 30% $4,166,250.00 $1,250,000.00 Total Project Costs $5,416,250.00 AFFORDABLE UNITS We propose a-~ this point that 50% of the 16 units be for low (50% median income) and extremely low-income levels (30% median income; and 50% will be for the moderate- income level (80% median income). The precise miX wiil be derived from market needs analysis. We propose a period of 30 years of affordability for the 16 units. We anticipate the continuation of their use as rental housing at the completion of the affordability period, At that time, ownership of those units will be ceded to the "general partner"which typically is a non-profit, the city, or a city housing authority, for the sum of S 1 plus any exit taxes and unpaid debt which area anticipated 2t being minimum. The property management will be selected by the co-general partners that include the equity financier. This is a critical point since the value of the project is directly attributable to diligence in the maintenance schedule. r The team is as follows: :J DEVELOPMENT ENTITY v Studio Parati Architects 20085 NWTanasbourne Drive Hillsboro, OR 97124 Telephone: 50.3.858.4242 Facsimile: 503.276.1563 Email: cooperj@ldcdesign.com ..., ~'CHJtfC''S. LDC Design Group, Inc. 20085 NWTanasbourne Drive Hillsboro, OR 97124 Telephone: 503.858.4242 Facsimile: 503.276.1563 Email: himesd@ldcdesign.com (IoO Design Group a Parafl company Homestead Capital Homestead Capital222 SW Columbia, Suite 200 Portland, OR 97201 Telephone: 503.276.1555 Facsimile: 503.276,1563 Email: info@homesteadcap.com Robert H Foster Consultants Planning/Urban Design/Landscape Architecture 431 Ash Street, Lake Oswego, OR 97034 Telephone: 503.635.6190 Facsimile: 503.210.6443 Email: fosterco@teleport.com RHR Developments 20085 NWTanasbourne Drive Hillsboro, OR 97124 Telephone: 503.858.4242 Facsimile: 503.276.1563 Email: obrienr@ldcdesign.com CONTACT James Cooper, AlA Studio Parati Architects Telephone: 503.858.4242 Facsimile: 503.276.1563 Email: cooperj@ldcdesign.com F STU DIO PARATI Q what we do Architecture is the act of building raised to the level of an art form. It is work that responds to iTS particular place, respectfully weavin9 functional needs into the physical landscape and community fabric. It seeks to be a Jartner with the environment to support the needs of our neighborhoods within the larger social and natural ecologies in which they exist. I' II f' __ . n r I A'(u.rf(1~ We believe in the power of designing to human scale, the scale of peoples' daily activities and aspirations to improve their lives, Building is perhaps the most optimistic of human endeavors, having the potential to improve the lives of our communities. If we make the daily lives of the people who inhabit Jur built places just a little easier, richer, better. . . then we have succeeded. ([DO Design Group o Porot, com{XIny We believe architecture is best practiced as an integrated design process bringing together at once the voices of clients, design discipliines, community members, and ultimately those who inhabit the places we design. The best architecture is always a collaborative effort. The finest of these efforts seek to include the voices of all. who we are Studio Parati is a partnership of like-minded architects each bringing unique talents, skills and experiences to bear on the act of buildinQ. Our portfolio represents the varied experience of the principal members from custom homes to large commercial, residential, mixed-use and community master planning projects. We are an architectural firm within the larger environment of allied design/engineering disciplines of LDC Design Group, a part of the Parti Company. We choose to work within this symbiotic relationship as it allows our projects a truly integrated design environment with the natural participation of relevant engineering disciplines from the initial stages and throughout on a daily basis. We work as a studio, bringing a collective 60 years of experience to a work environment where the principles of collaboration, open exploration of ideas, inclusion, and integrative design lead to buildings as art form. Selected Projects Include: Lovejoy Apartments, Portland Or James Cooper of Studio Parati produced the conceptual design for a 2 city block development comprising 65,000 sf retail and 338 low rent and multi-income level housing units. Albina Fuels Development, Portland Or James Cooper of Studio Parati produced the concep:ual design for a mixed--use, urban development comprising 322 dwelling units and 90,000 sf retail. Collaboration on various affordable income projects with Homestead Capital Studio Parati staff has colloaborated on design and project management levels on various projects financed by Homestead Capital. F Reference: ::) Mr. Don Milliken, Milliken Developments Telephone: (206) 903-0547 =- .-<WITf(t.., Mr. Mike Giomi, Emerald Realty Telephone: (206) 682-9325-115 LDC DESIGN GROUP (IDe) Mr. Tom Sroufe, Wesbild Telephone: (206) 932-4750 Design Group a Parar/ company LDC Design Group has been an important part of the community since 1986 and is committed to ensuring the highest standards of technical expertise for our clients. We provide services related to land use, planning, civil and structural engineering, surveying, transportation and environmental engineerin9, and water resources. Our engineers and professional staff have many years of experience in working closely with our clients to develop innovative, workable solutions that benefit the entire community. We take pride in our ability to listen and problem-solve. LDC Design Group is known for its quality projects, technical excellence and positive client relationships. In short, we are committed to creatin;j tomorrow1s solutions today. LDC is part of the group of Parati Companies with seven offices in five states, providing surveying, planning, engineering, environmental, and construction-related services. In the field of municipal engineering, we provide these services for road design, traffic planning and engineering, water works, wastewater systems, sanitary sewer, storm water management, flood plain and control management, and water resources projects. In the field of land development, Parati offers the same services for residential (both single- and multiple-family), commercial, mixed-use, industrial, and institutional/ government (churches and schools) projects, Selected Projects Include: Arbor Roses Hillsboro, OR 628-lot planned development of detached and attached single-family residences spanning 74 acres. Bridgeport Village Tualatin / Lake Oswego, OR 630,000 sf urban retail, office and entertainment center. Arbor Station Beaverton, OR 292-unit attached single-family residential development spanning 74 acres. Wilsonville Meadows Wi/sonville, OR 308 lots, 992 apartment units. r Reference: ~II :- A . 0: Ii t , I ( , " Mr. Brian Seitts, JLS Custom Homes Telephone: (503) 533.4066 Mr. Tom Weber, Matrix Development Telephone: (503) 517.8284 HOMESTEAD CAPITAL @e) Mr. John Gordon, Opus NW Telephone: (503) 916.8963 Design Group o Porar; company Homestead Capita: is a nonprofit syndicator investing in affordable housing in nine Western states. It brms investment partnerships with major corporations and high net worth individuals to fund quality multi-family housing projects throughout the American \fIlest. Our work strengthens communities and provIdes housing with dignity for the working families. In return, our investors receive substantial benefits in the form of tax credits. That, along with our deep commitment to the ongoing success of our projects, makes us unique in Hie field. Homestead works with nonprofit and for'-profit development partners who share a dedication to addressing affordable housing needs. liThe wheat in our company logo is a powerful reminder for us:' says Homestead President and CEO Deborah Saweuyer-Parks. lI!t recoglnizes those who labor in the fieids to produce the food we eat, and our desire to create an abundance of housing options for those who are in need. The wheat is symbolic of the harvest and of our I:lope to contribute in some small way to the vitality of Western communities.' Homestead Capital has invested in nearly 3,000 units of affordable housing throughout the West. The qual;ty of our portfolio is unsurpassed From construction to lease-up and throughout the life of the property, we work diiigerrly to insure high quality, safe, and beautiful homes for low-Income people. Selected Projects Include: Please refer to our entire project portfolio and board of directors by visiting our web site (www.homesteadcap-infol.com/main/index.asp) and the attached appendix. ROBERT H FOSTER CONSUlSTANTS Mr. Foster is a Landscape Architect, Urban Designer, dnd Land Development Planner with over 38 years ex;::>erience, including 9 years in the public sector and 29 years in private development. Eight of the 30 years were spent in London, England and Geneva, Switzerland where he worked for the British Covernment, taught University and worked for private architectural firms as a development design consultant. Mr. Foster's experience includes mixed-use river front development, commercial, business/ industrial, housing, urban design, golf course design, recreation, parks and planning where he has directed projects and teams of consultants from feasibility, environmental enhancement, and master planning to design development, landscape construction documentation and contract administration. He has gained a broad base of experience, r and the ability to approach a wide circle of design problems by applying well developed expertise in on the spot image creation through vignette sketches. This talent used at workshop/focus sessions builds consensus by allowing people to see immediately what the vision might look like in both plan and perspective. :J He has worked extensively in the Ashland/Medford area to produce masterplan communities of exemplary quality emphasizing neo-traditional planning principles and design to human scale and context. :- & II "f .. . , I C" , ~ Selected Projects Include: (bDO Medford SE Plan Foster Consultants recently completed the Master Plan for this 500 acre development for the City of Medford, Oregon. Design Group o POrtHI compcmy Meadowbrook Park Deve!opment Master Plan design for this mixed use commercial and housing development in AshlandJ Or. A 16 acre site with 93 units of mixed density housinq from single family to housing above commercial in a village center setting Montabello New Town Master Plan Foster Consultants designed the layout plan for this new ':own south of Boise, Idaho. The plan was completed with a neo-traditional theme 1999. Keizer Urban Design Plan, Keizer, Or. Mr. Foster is currently working with the City of Keizer on the "town center". He is responsible for developing sketch ideas and urban desigr guideline concepts for one key city block in multiple ownership. Rogue Valley Manor, Medford, Or. Mr. Foster is the project manager on the latest 20-acre dE~\lelopment phase at the Manor. This phase is the village center with a hotel, office tower, retail and housing above the retail in a neo-traditional setting. Edgewater District Study, Salem, Or. Mr. Foster facilitated four neighborhood design charettes by providing on the spot idea sketches used to identify and build consensus on character, image and sense of place. Dayton & Mt. Angel Jnfill and Redevelopment Strategies Infill concept sketches in plan and perspective, and development strategy facilitation in workshops with neighbors, developers and City staff. Reference: M r. Don Grove Telephone (541) 857-4099 Mr. Rob Scott Telephone (541) 774-2380 Mr. Tom Becker, Telephone: (503) 857-7212 F RHR DEVELOPMENTS AND COMMUNITY RESPONSE TEAM DEVELOPERS .. to t': tf f f f r: 1" " Vve are a sma!1 deveiopment company interested in produce a small number of high quality projects per year. We operate as an integrate development -consultancy firm where we prO'lide turr'-key services as well as partcipating in an equity position. Our interest is to improve the urban condition wherever we find it. On this project we have teamed with (omrT1\.mity Response Team L.LC, a VVE~II respected licensed local Ashland developer. aoc) SELECTED PROJECTS INCLUDE: 8-Lot Skyline Subdivision. Portland Or Sensitively designed ,land deve~opment to support housing in ecologically challenging environment Design Group Q Parall company ~/1ixed-use city block Hiltsboro Or Mu!tHevei income housing development over retail and commercial uses in downtown Hillsboro, OR Rose Heights, Port,land Or High density residenti21 dE'veiooment in ecologically sensitive site, designed to minimize ecological Hnpacts. Reference: !Vis Tina Elliot Teiephone (54"' ) 383- 3755 Ms Karey Cresep Telep~1one (S03} 358.5577 Mr. Ron Rau, Telephone: (SCU) 357.4497 Mr. Go!d man, vve appreciate this opportunity to share in your collective vision for the vibrant community thai: is Asl~dand, Oregon. Thank you for your consideration. Sincerely, ~ James Cooper, AlA, Design Director, Studio Parati ArchitEcts rrn- PLAN LAYOUTS o -0 o P II R A T I ~I .~ l~ ~ '?N1 fl.ooF p~. ~ ~~ \Hr~/~ ------"--. _.~._- ~tIIHt1M./1O O*(f~I" tn.ra- ~SIR\f"nDN ''''-1. PAAt'tNCi S~ (bDO Design Group a POfori company 1---.. ___" ...;,c;:;,. , '5 7 ~ 1 --- ...- ..I -1 n, ~ PlJa.I.J 1" ~M\~'\)M ~~ r BUILDING ALONG LlTHIA WAY ~ c _ / -!!:y~_Jv7. --::--:-::- ~--_.. - -~ -- ...-- 1 , ~; ~- ~...::-- ~ -7 --- VIGW ,tfu")jt/4 t~/1~ {/./A7 (hDc) Design Group o Porall comfHJny r CONCEPTUAL PROJECT LAYOUT \L ---- "~r / "-. --,._--.-.~.- /~ ~~ J~ L::~ -~rt tso t;t -:~ E~~r o -0 P !' f' . . 1\ i', 1 I (bDO Design Group a Pararl mmpany r 'D :J ~.:~ ---:..: ' (bDO Design Group a Para II company t III t!. r ... ~......~..:..._=-_::=~ ~.'>:7 --~ --- ~ ~-' /~. -- \ .-t-.. ~--=-......,. '-.. - -.4 kAt/( ~ It~ U~ ----- -' .~:;/ -- ~~~-~ r HELEN SWINDELLS Ilk: ffH;~' ~: .. .,t. t, , fI:. . j- "0 :::I Project Description Helen Ann SwindeUs, located ill the heart of Pon- land's Central Business District, is dose to social services, employment centers and the transit mall. This project involved the historic preservation and substantial rehabilitation of 105 units of single room occupancy (SRO) housing and 8,315 square feet of commercial space in downtown Portland. The resident units are on the second through the fourth floors and feature amenities such as wash- ers and dryers, an elevator, a community kitchen and lounge area on the first floor, and a ground floor entrance with a desk/lobby area. No. of Units: 105 Target Population: Transitional housing for previously homeless individuals earning 40-50 percent MFI Site wcation 10 N\'{I Broadway Portland, OR 97209 Oregon .Equity Fund Limited Partner Contribution $791,288 Investment Fund and Partners (bDO Oregon Equity Fund I Fannie 1\Iae Wells Fargo Standard Insurance Co. Washington Mutual Bank of j\merica Key Bank US Bank Design Group Q POTat/ company Co-Geneml Partner Entel-prise Social Investment Corp. Total Project Costs $4,825,586 Project Int'onnation Construction Type: General Partner: Architect: General Contractor: Attorney: Accountant: Property Mgmt.: finance Partmr.-: Construction/ Permanent: Other. Historic RehaWitation Housing Authority of Portland Aaron Facgre & Assoc. Walsh Construction Co. Schwabe Williamson & Wyatt Deloitte & Touche, LLP I ncome Property Managemem Bank of America Portland Development Commission I McCoy VILLAGE Project Description McCoy Village 1~ a 55-unit complex in the /\lbina Community of Northeast Portland that combines mul- tifamily h(;us1I1g with commerci:lJ span: The target market for the project is ;! multi-gencr;]tional mLX of :-;ngles, couples, and families earning bdow SO percent of median family income (1\11-'1) 'Ine design of the ~_ ten:;ivcIy landscaped grounds C1l'ates a "village" aunos phere along the e:Jst side of the Martin Luther King Jr. Boulevard On-site services include co~rcrative d;iy- care, after schoo] programs, a healthy living program, aod a resource referral scrvice. Nearby demcJlt~l)' and middle schools arc within walking di-;tance, as wdl a~ local shopping services No. of Units: S5 Target l)opulanon: Smgles aod Families earning below 50 percent of ~fFI Site Location 4430-4506 NE 1\brtin Lu:her King Blvd. Portbnd, Oregon 97211 IE ! '.. "'; J " : It t j. ~ , ,;.~ lJ :J Oregon Equity Fund Limited Partner Contribution 53,511,317 Investment Fund and Partners (CD 0 Oregon Equity Fund D FannIe I\lac Wells Fargo Standard T nsurance Co. Washiuhrtoo Mutua! J ,'reddie I\bc Total Project Costs 56,232,000 Project Infonnation Construction Type. Co-G,~nera! Par111cr- Co-G,:ncral Partner. ,\rchitcc:t: General Contractor. f\ccountant: f\ttorney: Property :i\lgmt: FillOlJa Par1ners: Other: Construcrion/ Permanent' Design Group Q Parar! company Ncw OJ\; Ii Company Housing Authority of Portland Sta~tnyBrun ;\rchltects Mega Pacific Ddoitte & Touche, LLY lIolland & Knight Income Property r"lb'T11t PortJanJ Development Commission; State of Oregon; Oregon Econ. Dev Dcpt.; City JIou:;ing Development. lne Bank of ,\mcrio r GoODWIN COURT Project Description Dcsi!,Jfled to complement the existing historic charac- ter of the surrounding business district, Goodwin Court is a mixed -use development ocatcd on Main Strcet in downtown Pendleton, Oregon. The new bujJding is a four-story structun.: consisting of ground floor commcrcial space and 26 units of affordable housing on the upper three Jcvds, which serve seniors, individuals and small families earning at or below 50 percent of m'dian family income (7vfFI), The l'vfain Street fa<,:adc has 4 bays that are set off by brick pilas- ters and the lJ1pcr three floors are brick faced with rounded window treatments and parapets. Amenities include an open courtyard plaza, community room, elevator, plus heated and covered walkways. Support sClvices will include energy assistance, in..home care [or persons \vith dL"abilitics, l'"feaJs on Wheels, lebraJ services, job training and p]acemcor assistance. No of Units: 26 Target Population: Seniors, Individuals and Families Earning 50 percent or less of rvIFI Site Location 238 South !\Iain Street Pendleton, Oregon 97801 HI: l'j,.h'":.... '.lIf.-',>. o Homestead Equity FundsM Limited PartoerContribution S2,911,031 A . (. HI' f ( ., . Investment Fund and Partne~ REF A-Oregon: <1D0 REF II: Wells Fargo Fannie .Mae Banner Bank Wclls Fargo Umpqua Bank Sterling Saving:; Bank of the Cascades Columbia River Bank Design Group Q PalaU company Total Pro,ject Costs $3,974,650 Project Infonnation Construction Type: New Sponsor: Architect: General Contr:Jctor: Consultant: J\ttorney: Accountant: Property r-.-rgmt.: Finallce Portmn: Trust Fund/Grant: Grant Cons tm ction: Pcnnanent Telos Development Co j\fuJvannyG2 Architecture Reese Construction Co. Gabriele Development Services IIolIand and Knight Deloitte & Touche, LLP Princeton Property Mgmt Oregon Housing and Community Services City of Pendleton Corrununity Bank Network for Oregon Affordable Housing r OAKLAND BUILDING Project Deseription Tht: Oakland Building is an aCYU1~ition and rehabilita- tion of a hi~toric building in downtown Rdlingharn, \\'a~hington. The propntv consist:; of ground floor r"t:tau space and 20 UJ1it~ of second nOO! hou~mb' aH :;ibrnificantJy contributing to thc enhancement of;.i vi brant mixed-u~(' nCJghborhood. The (hi<JanJ buiJd ing. originalJy constn.:ctcu in 1890, :s OIK of Bclhng ham ':; few Ierr:a:Lning hi~toric structures and is hstoJ on the National Register of [Iistonc Places. The Oak- land Building targets low-income househrAJ,' earning at or below 50 percent of median family income ([',WI) Services arc provided as needed by Catholic Community Services and the Opportunity Council 1'\0.ofUmt:;: 20 'l'argct Population Single and hlmilics e:J.rmng at or below SO percent MFI Sit.e Lo~atiolJi 310 N\V 'lolly \'('ay BcUinghanl, W.\ 98225 IE 1:\''''. ...,;.. or...:\ O~gon Equity Fund Limited Partner Contribution S1,5f7,983 qDO Investment Fund and Partncffl Oregon Equity .Fund IV: Fant1:'c 1\he \X!cUs Fargo Standard Insurance Co \X!ashingtofl ]\.[utual Union Bank of Californi;1 Design Group a Pafal/ company S2,700,697 Total Project Costs Projel~t Infonnation Constructiorl TYDC: Genna] Partner: Consultant: Archiket: General Cor: trac tor: J \ !torn "y: AccountJ!!! Property J\Jg1l1t . Fi1l011CP Partners. l-lOME/CDRG Tmst ]~u1l1d: Constmction Permanent. ] Iistonc Rch"biJjtation Bcllingham/'W11:1tcom County Housing :\uthorities Beacon Dc"cJopmcnr Group Stickney, I\lurphy" Rominc .\rchitccts John Danids Construction Garvey Schubert & bare! Blume LovenJge & Co Pinll:1ck Realty ivfanagemecl Company City of Bellingham \X-'ashingtol1 State Dept of Comm , Trade and Economic Dcv Key Bank Washington Comrnutllty Reinvestment A~soc. r TRAUG()TT TERRACE lit -0 fi 1\ f' . , f'. T I Project Description The first-ever affordable multiflmi]y building desif,>1led to adhere to the silver level of the US Green Building Counci]':; LI~ED Green IGting System, Traugott Ter- race is a mixed-use project providing SO units of per- manent and tran~~itionaJ housing to people in recover)' from alcohol and substance abuse in conjunction with the I\htt Talbot Rehabilitation Treatment Center Lo- cated only blocks from the central business district of Seattle, the project has five floors of new hc)Using for individuals with incomes from 30 to 60 percent of median family income (J\fFl). Twelve SRO transitional units are located 011 the second Hoor and each unit has its own half-b<1th, sink, refrigerator and microwave. Residcnts of these units also have access to a common kitchen, meeting room and bath/shower tlCilities also located on the second floor. The studio and one. bedroom units, wi.th fuD bath and kitchen f:lCiliries, arc located on the upper four stories. t\ service coordina- tor i~ located on-site to supervise resident services. No.ofLJnits: 50 Target Population: mg Permanent/Transitional Hm.l'i- for Individuals earning 30-60 percent or less of ~1FJ Site Location 2317 Third Ave. Seattle, W A 98121 Homestead Equity FundsM Limited Partner Contribution S4,884,262 ~ (' H J 1 J ~ t Investnu~nt Funds and Partners H EI;' A- Wa~hington <rDO HE.F III: Wells I ;'argo Fannie Mae Sterling Savings Banner Bank Bank of the \Vest Wells Fargo Columbia Bank Cashmere Valley Rank TIle Commerce Bank of\V'A Washington First IntI. Bank Cow)jtz Bank American Marine Bank Bank of the Pacific Design Group a Parar, company 56,423,228 Total Project Costs Project Infonnation Construction Type: General Partner: Consultant: Architect: General Contrac tor: Tax Attorney: Tax Accountant: Property Mgrnt.: Ftllance Partfl'elJ: Trust I "und: Grant Construction: Permanent: NL'\v Archdiocesan I-lousing 1 \uthority Beacon Development Croup Environ'menta] \X/orks IGfn Company Lane Powell Spear~ Lubersk: John L O'Brien Archdiocesan Housing Authority State of Washington Oep!. of Community, Trade and Economic Development City of Seatde Key Bank City of Seattle r o April 11,2005 D ::J PAR A T I City of Ashland Housing Commission C/O Mr. Brandon Goldman 51 Winburn Way Ashland, OR Members of the Ashland Housing Commission Thank you for the oppor1unity to present our proposal in response to your. request for innovative solutions to affordable housing in the City of Ashland. It was a very effective session where many cmative ideas for implementing affordable housing specific to site and in general to Ashland were brought forth for discussion. At the conclusion of our presentation, we agreed to put in writing a synopsis of our presentation along with clarifications to questions posed during the session. Please accept the following as written record of clarifications and response to questions posed during the public hearin~~. Design Proposal · Ground Floor Retail Space (4250 sf + 800 sf Residential Lobby) along Lithia W'ay · Preservation public parking (10 spaces) on-grade along Will Rogers Way · 16 Affordable Housing Units financed with LlHTC on floors 2 and 3 · 6 For-Market Condominium Residential Units on the 4th Floor · Underground Parking provided on a single level for residential use only by occupants of both affordable and market rate housing Retail Units · Storefronts along Lithia Way are' a critical element of our sensitivity to good urbcJlll design principles, preserving and reinforcing the retail/commercial character of this vibrant downtown neighborhood. It adds value by adding uses that improve the quality of life, contributing to a convivial streetscape that support the daily interactions between neighbors and visitors. · The City of Ashland retains ownership and control of the ground plane. The Deve~oper constructs the retail spaces and enters into lease agreement with the city for a period corresponding to the "period of affordability" and for the sum of $1 where he has the right to sub-lease the retail space and collect rents to cover the cost of construction and return on investment. At the end of the lease period, the city may exercise the option to re-lease the space at market rates or use it the way it sees fit. The construction of the retail spaces will also be part of the LlHTC financing. r July 20, 2005 Page 2 Affordable Units · We are proposing 16 affordable units financed through LlTHC. This financial vehicle requires a minimum of 15 units, but is a proven efficient method for providing affordable housing throughout the state and country. · The proposed mix will be 50% for residents eaming less than 50% but more than 30% of median income. And the remaining 50% will be for residents earning between 50% and 80% of median income. · The period of affordability is for 30 years. · Prior to the end of the affordability period, the city takes ownership of the affordable units after 15 years and upon minimum payment of $1 plus. any exit taxes and unpaid debt. Typically, this is a very nominal amount as per the experience of LlHTC projects where Homestead Capital, as an equity investor, has been involved. · The LlHTC model and Homestead Capital have the advantage of a proven track record of delivering affordable housing units integrated with market rate components, and the ability to return the units back to the city or its commissioned housing entities after 15 years. · We understand that we are asking for changes or overlay modifications to the current density allowed in order to use this financing method. We are proposing that the performance criteria available in residential zoning may be applicable to our commercially zoned site to achieve the level of desired density while making a very attractive project for the city and the residents on all levels of urban design and community development. Another suggestion is that the increased density in the C-D-1 zoning may be viewed as part of a mixed-use development overlay provision where increased intensity of use is desired and of significant benefit to the city. Market Rate Housing · The developer will build with conventional financing 6 market rate condominium units on the 4th floor. As part of a conditional use application we would like to suggest that we increase the height beyond 40 feet but less than 55 feet as per the Ashland Chapter 18 code. Here as per our suggestions for performance criteria zoning, the height and density are a part of increased intensity of use that generates desirable benefits for the city of Ashland in terms of vibrancy, mix of uses and incomes, street character, and community development. Underground Parking · The Developer will build underground parking of the use of both affordable and market rate unit residents. . · The portion for use by residents of affordable units will be financed through LlHTC. · The parking for use by residents of the condominiums will be financed by the developer through conventional means. We propose that this portion of the construction be contiguous with the underground parking proposed by projects on contiguously adjacent properties on each side. This allows not only a single access point to the underground portion instead r July 20, 2005 Page 3 of 3, but allows an economy of scale to produce much needed parkikng in the downtown. · The city will own the portion of the underground parking dedicated to affordable housing after 15 years. Preservation Public Parking · We will provide 10 preservation parking spaces off Will Dodge Way. The City maintains ownership and services the lots. Urban Design · This mixed-use/mixed-income approach embraces all the current principles of good, responsive urban design. It maintains the retail character of one of Ashland's most important downtown streets. It maintains the diversity of use in the community that Asland embraces. It helps to develop a downtown community by increasing residential uses at the same time it increases retail vitality and encourages a true mixed- use community. This approach also reduces the impact cost associated with creating new infrastructure when affordable (and market-rate) residential uses are relegated to the fringes of the city. Our efforts to find ways to provide affordable housing and to enhance the urban design in Ashland through this proposal are sincere. Please consider our ideas summarized here and presented in the main body of the proposal as workable, practicable, and beneficial solutions to serve the city of Ashland. Sincerely, James Cooper, AlA Design Director, VP r DOCUMENTS SUBMITTED AT STUDY SESSION Lithia Way Parking Lot Proposals Affordable Housing Development CITY OF ASHLAND ~-, Lithia Way Parking Lot Lithis Lot Proposals ~~, 1 Existing Use Uthis Lot Proposals ,,_, Request for Proposals · Affordable Housing Development - up to ten rental units - Less than 80% Area Median Income targeted - 40 year affordability period requested · Reversion to City Ownership at end of affordability period · Downtown and Historic Compatibility . Retain Public Parking · Flexible to encourage proposals that do not meet the specific requirements Uthis Lot Proposals ,,_ , 2 Proposals Received -Four Proposals submitted -Housina Authoritv of Jackson County -Sandler Films -Kendrick Enterprises -LDC Desian Group Uthia Lot Proposals ~~ Housing Authority Proposal Uthia l.!" ProposeIs ='~I 3 HAJC Lithia Way Elevation Uthia Lot Proposals ~_, Proposal Components . Subsurface Parking - 13 Spaces optimum - 11 space possibility . One HC space on alley and one in lot . Two stories above parking . Nine large affordable units - 4 one-bedrooms - 5 two-bedrooms · 50-60 years (or longer) as affordable under HAJC - No reversion to City " ...~"'''''", f? . "" /~~;'''' ,~~ ,; . ~':I.' .. '~,L...--~, ... ./'-. r-...." #' /' '>,,, /; "~,/ ''><. ,(-". /''''-,,- ~~~<;.::v-..".. 12\ "" . '. . ~.-....~ '. ~'" '--....., q ("':":'<\ ..._~-.. ~~., ................~ " ';,:;: .r'"')r""" I ';'~( ............... '- "'-.?J;:i:/ " <":~~~,,,... " ""v. X.~:../ ~... " '-. I / ... '- " ').,f, ,:' ....'......, .~~ . . ',...".....y,.r "" ~' ''''''''.'. '." .'. Y'..'.."/-' ,-,,' r.~ "'''~- '\, .i~........: , ........./- ,<;' (s>';) ............~'.' '--., '~ (~~7~~ "'-.. Lithia Lot Proposals ~_ , 4 Sandler Films Proposal ~~~....--~--..~..~.~ t':'?n.vn ~A..c;'1. FI ~"TIOW IJlt l~.2.WnL Uthia Lot Proposals ~., Proposal Components . Surface Level Parking - 13 spaces - 2 Uthia Way and alley entrances Alley . Units targeted to 800/0AMI 5 single story one-bedroom units - 5 two story two-bedroom l.~ ".", ~'^ "J "', >, ~ '<. "~ " >" " y " '" " " . ), "- , ""/ "'" "- ' "- ",,- " . Reversion to City at condusion of affordability period at cost of original construction secured through trust deed - Annual review to entertain change of use - Negotiated costs induding: . Insurance . Taxes . Elevator (maintenance and phone . Common area repail8lmaintenance Llthla Way Uthla Lot Proposals ,~, 5 Kendrick Enterprise Proposal t"if~"\..-) - ",~~,- ~~" I I i Uthia Lot Proposals ,. , Kendrick Lithia Way Elevation ""-~! ELEVATION Uthia Lot Proposals ,., 6 Proposal Components -Subsurface Parking '16 Spaces -Entire Ground Floor -Partial second floor ~'i!tl T~ t\~;"~itj ..~ II n f j'[ , ~~\-:.'.., :' ~~. ~ f:' :' ;., tf~~Gr :- :, ~l1fL~ -::-:::-J.[71 ,.r_:''':-:-.:.J ~' :.~,~J . ~'.. _. ~'LlmIT:~~ -Commercial Component -10 affordable units 'Second and Third Roors -4 studios '4 one-Bedrooms '2 two bedrooms -Reversion to City eResidential and Commercial revert to City ownership after 40 years \ r" ;;h:': Proposals ~~ LDC Design Group Proposal Uthis Lot Proposals ,,_ ~I 7 LithiaWay Elevation I V;''':::;'V Lithia Lot Proposals ,.., Proposal Components . Parking - Up to 21 Spaces subsurface for residential use only - 10 spaces off Alley for public · Commercial Component - Entire Ground Floor . 16 affordable units - Second and Third Floors . 10 one-Bedrooms . 6 two bedrooms . 6 Market Rate Condominiums . Reversion to City - Affordable Units revert to City ownership after 15 years - Commercial and Market condominiums do not revert to City, remaining private perpetually .:1-1 ~ --o=r loO':!: ' J~:~.;-~-:: Lithia Lot Proposals ,. ., 8 Floor Levels CONCEPTUAL PROJECT LAYOUT oposa/s ~., Recommendations The Housing Commission recommends the City Council select the Housing Authority of Jackson County Proposal. This is contingent upon 13 parking spaces being provided (allowing no reduction in parking due to cost of utility relocation). Staff has recommended the Kendrick Enterprise LLC Proposal with the stipulation that rents should be adjusted to comply with HOME program and Subsurface parking (Alternative 'A' =16 spaces) should be a condition of selection UIhia Lot Proposals r~~ 9 Email Correspondence -----Original Message----- From: David Sardes [mailto:bardesd@metro.dst.or.us] Sent: Friday, August 20, 2004 5:05 PM To: <Cate Hartzell Cc: Cameron Vaughan Tyler Subject: Re: Questions about affordable housing from Ashland Ms. Hartzell: Councilor Rex Burkholder has referred your questions to me concerning possible use of Ashland's publicly owned parking lots for air rights development for affordable housing. While the goal of multiple use of public land is laudable, there are some issues. I. Will the rents for affordable rental housing support the construction type necessary for Air Rights development? Probably not, and certainly the use of Air Rights will not make rental housing more affordable. The rule of thumb on whether or not a developer will build over parking or other uses is that land must cost more than structure. Otherwise, the developer will buy additional land. This break point in the Portland Market is on land value of 50$ ^J 60$ a sq. ft. Typical apartment land in the Portland area is 7$ ^J 12$ sq. ft. (usually based on price per dwelling of $8,000 ^J $12,000). It's doubtful that using air rights for affordable housing will result in the best economic formula for a given project. However, there may be other reasons Ashland may desire to use these public lots (infill, more compact urban environment, more intensity within a small geographic area, provision of affordable housing within the downtown area that would not otherwise be possible, etc.) If that is so, then it may be possible to build an affordable housing project with assistance from a 40/0 affordable housing tax credits and energy tax credits. Keep in mind, that the building type will cost substantially more per square foot than wood-frame built suburban housing with surface parking (150/0 ^J 250/0 more) II How will you park the affordable housing? Not knowing the user time on the public lots (do they fill after 8 PM and empty after 5 PM?), it is difficult to determine whether the parking accumulation curve will permit shared use. In the most optimistic scenario, you will probably need to construct some parking spaces exclusivelly for the housing unless it is senior. However we have an example in downtown Portland that is an affordable housing project with no dedicated parking (shared use of church parking lot). This added structured parking for your building must be plugged into the economic equation, and will have to be offset out of the value of the tax credits as other public subsidies or the land value (if there is any). Other considerations: Are there poor soil conditions for a heavier building, high water table, non-building easements that haven't been dealt with? These may not hinder a surface parking lot, but often raise havoc on a developer's project costs. In my opinion, Air Rights appraisals are relatively straight forward, but few MAl appraisals feel qualified to undertake them. They typically are $6,000 to $9000. I have called several that we have used in the past to check their rates and availability. One that responded to me today is Steve Pyo of Day Appraisal Co. (503-468-8854). Without knowing the size of your paroel, he thought perhaps $5,000 ^J $6,000 and 2 months out. He related that all appraisers in Portland are swamped. In summary Unless your land value in the D. T. exceeds $50 'V $60 a square foot, it will be difficult to build over the parking lots for rental housing without other public investments. You may be able to close thE~ gap using affordable housing tax credits and energy tax credits. Expensive condos probably could be constructed on the AIR (reference your LUBA appeal). There may be other public re~asons for your wanting affordable housing in your downtown area and a project should be pursued on that basis, not on the basis of getting something (land) for free. . I was in your lovely community this past Monday and had lunch by the creek. Always enjoy it. Call me if you want to discuss any of this. 503 797-1931 Best regards, Phil Whitmore Transit Oriented Development Manager A [ ( tit tJ q A IV Y;t'/t:rl I have prepared some remarks on paper as not to take up very much time. As you mayor may not know I started this process over three years ago. It was my plan to create a test development to prove to the citizens of j\shland and City government that the private sector could get involved to solve a need for the city without using city or government funds. I worked up a sample contract with the City attorney and my attorney Allen Drescher thalt made this project possible. It started out to be an affordable housing proj~ect... not a commercial project with some affordable housing. For some reason it has become apparent that some developers got into this in an effort to gE~t some free downtown land for themselves even if it was only for a finite period. During this period of control of commercial space on land they did not need to pay for they stood to make a very good commercial..-return. I was originally going to develop this property with a single source contract with the City. It became reasonable to put the contract out for a Request for Proposal and Qualifications. I stood by that decision which I believed would be good for the process. It was my understanding that you would only consider those proposuls that were offered by organizations that had the money in place to deliver their proposals. Unless I a,m mistaken I am the only one with a proposal that does not need to go out after a grant or financing to make this deal work. Please note that in my proposal is a letter of intent from Umpqua Bank as a back up if the money was needed. I am prepared to put up all the cash necessary to complete this deal. If I were a developer or an organization that would get this agreement with the city and then armed with the deal. If I could now go out and m yes I said m and raise the money on the strength of the proposal from the city and including free commercial space, I would think I died and gone to heaven. From the beginning the intent of this proposal from the City Council was to have affordable housing with no intent to go out and develop commercial property. This is not what this project is all about. I do not think it w'as the Cities idea to make such deals with City owned property. I am also now told that the City will not sit down with the parties that made their proposals and try and iron out some concerns as to how low the afford ability can be and under what circumstances, city planners concern on style and any other matter that might just make the project a better one since this is a test project. In my proposal I made it a part of my proposal that such a meeting take place. Please refer to my proposal on Page # 6. I quote... "It should be noted that this proposal is subject to re negotiation and it is recommended that a meeting be held between the applicant and the proper authorities of the City of Ashland and the Housing Commission to discuss possible changes to the proposal. Since this is a new concept that I originated I am open to suggestions regarding this project in an effort to create a concept that will work for future affordable housing developments." This has not hal~pened and I am now told this can not happen. I ask why? I have spent about $10,000 on this proposal only be~ause I thought a couple of .' ....... things. -. #l...The playing field would be level and anyone submitting a propos:al should be in a position to complete it without going out and trying and raise the money after they get the proposal. #2... That a meeting would be made between the applicants and the C'ity to try and refine the project so as it has a better chance of working for all (~oncerned and establishing a model for other developments on City land. We need to prove to the City of Ashland that we are not building slunts. That we will instill a pride of living space with the Tenants. That this project is feasible and will work and that we could then easily raise money frolD the private sector for more of these projects. Lets not be short sighted on this project. It is to important and it is vitally necessary that the applicants are not in this for the money but for tht~ long term good effect for the City of Ashland as a whole. This is not a profitable development deal, it is a project of giving back to the city. I am not going to go over the points in my proposal. You have them and I hope you have read them. I hope you give me a chance to sit down with the City and try and work out the finer points so it just does not end up another no win project for everyone involved, especially the Tenants who will benefit from this.....