IURA Neighborhood Investment Committee

Ithaca Urban Renewal Agency 108 East Green Street Ithaca, New York 14850 (607) 274-655 Draft Minutes IURA Neighborhood Investment Committee May 10, 2013 I. Call to Order The meeting was called to order at 8:30 AM by Chairperson Tracy Farrell with committee members Theresa Halpert and Karl Graham present. Also present were staff members Sue Kittel and Planning Director JoAnn Cornish. II. Public comment None III. Review of Minutes –March 8, 2013 On a motion by Graham and second by Halpert, the minutes were approved unanimously. IV. New Business a) Neighborhood Housing Initiative Program—discussion The discussion of the Neighborhood Housing Initiative was postponed to another meeting. b) other None V. Old Business a) Report on IURA Adopted Action Plan Kittel reported that the draft Action Plan was adopted by the Common Council without changes. b) Property Disposition—review of project submittals and possible selections The committee reviewed the two proposals received for 402 South Cayuga Street and the two proposals for 203 Third Street. No proposals were received for 701 Cliff Street or 213‐215 West Spencer Road. Members went through each item on the score sheet and an average score was assigned for each item. These totals were used to decide which proposal to select. The table is attached. The highest rated applications for both properties were submitted by INHS. Staff was directed to take action to have purchase and sale agreements drafted to present to the IURA. c) update on properties slated for disposition with no proposals received The committee did not have time to discuss in detail the desired next steps for the properties on Cliff and Spencer Street. The matter will be taken up at the next meeting. d) other None VI. Motion to Adjourn On a motion by Halpert and second by Graham, the meeting was adjourned at 10:35 AM.  Scoring 402 South Cayuga 50% Community benefits of the project: 48 possible points—assign a score of 1-6 for each element with 6 being highest. Element Information INHS Score Information Heritage Park Score Townhomes Extent to which the physical Four owner Your notes 7.25 Nine 1-bedroom and three Your notes 3.5 design of the project is occupied, two-story 2-bedroom apartments. thoughtful, innovative and townhomes Market rate rentals. Mix of attractive architecturally. materials. Prudent use of the site and Entrance at grade on 7.75 Entrance at grade on 7.75 the relation of new structures Cayuga St.; parking Cayuga St.; parking under to the surrounding under the building, the building, accessed from neighborhood. accessed from S. S. Titus Titus Extent to which the new Visitable, perhaps 2 4 first floor units accessible 2 housing provides accessible, adaptable adaptable or visitable units. Quality and durability of Wood frame, fiber- 6 Exterior siding a mix of 2 building materials selected. cement siding, composite siding, fiber cement and stained wood. Extent to which the project Built to LEED 8 Builds ‘whenever possible’ 4 promotes sustainability standards; incl. to energy star standards through the use of green energy efficiency building practices, and water sustainable technology, and conservation, quality design. indoor air quality and efficient construction techniques. Ventilation for possible TCE contamination proposed. Other community benefits Affordable housing 6 Application lists 2 street 3 with public subsidy trees and benches of $420,000. Property would be entered into the housing trust. Total score 37 Total score 26.25 30% Qualifications and experience of sponsor /development team to undertake and complete the project in a timely manner: 30 possible points—assign a score of 1-8 for each element with 6 being highest. Element Information INHS Score Information Heritage Park Score Townhomes Capacity, qualifications and Long record of Your notes 6 Large portfolio of rental Your notes 4 demonstrated experience of multi-unit housing within and outside sponsor/development team, development both the City. Architect – Larry including architect. within and outside Fabbroni, jr. of the City. Architect = Claudia Brenner Previous record of Extensive and 6 Package includes cut 6 performance positive, both in sheets on completed timeliness and projects problem solving when things do not go as planned. Demonstration of capacity to HOME and 6 See above 6 complete the project in a CDBG funded timely manner activities, tax-credit activities. Strong Board Financial capacity & Bank loan, 6 Bank Loan and Private 6 reasonableness of financing proposed $300,000 Equity plan HOME (future IURA request?), and $120,000 from City, County, Cornell partnership. This is assumed to be a successful future request. Applicant’s record of being Excellent. 6 Current on taxes, no 5.75 current on taxes, free of Portfolio of 307 violations noted financial interest in properties rental units. with violations of zoning or building code, and a responsible landlord, if applicable.  Total score 30 Total score 27.75 20% Economic benefits of the project: 18 possible points—assign a score of 1-6 for each element with 6 being highest. Element Information INHS Score Information Heritage Park Score Townhomes Purchase Price $29,000 Your notes 3 $75,000 Your notes 6 Generation of future property Taxable but in land 6 taxable 5 tax revenues trust Other economic benefits 1 1 Total score 10 Total score 12 Total = 77 Total = 66  Scoring 203 Third Street 50% Community benefits of the project: 48 possible points--assign a score of 1-8 for each element with 6 being highest. Element Information INHS Score Information Habitat for Humanity Score Extent to which the physical Small 2-bedroom Your notes 8 Three possible designs are Your notes 4 design of the project is single family home, discussed- a 1-story, 2- thoughtful, innovative and similar to the house bedroom ranch, a 2-story, attractive architecturally. at 507 Cascadilla. 2-bedroom similar to 507 Includes front and Cascadilla, and a 2-story, back porch and fill 3-bedroom house. Photos basement. of each style are provided. Prudent use of the site and Maintains set-backs 8 4 the relation of new structures from neighbors and to the surrounding legal, in site parking. neighborhood. Extent to which the new Not accessible or 1 All units are adaptable. 5 housing provides accessible, adaptable adaptable or visitable units. Quality and durability of Wood frame house 8 Wood frame houses. 8 building materials selected. compatible with surrounding architecture. Extent to which the project Built to LEED 8 Energy Star with green 8 promotes sustainability standards. building and sustainable through the use of green standards building practices, sustainable technology, and quality design. Other community benefits Built as affordable 8 Very low income 8 housing with homeowners (30-60% area subsidy. median) Total score 41 Total score 37 Total = 85 Total = 76  30% Qualifications and experience of sponsor /development team to undertake and complete the project in a timely manner: 30 possible points--assign a score of 1-6 for each element with 6 being highest. Element Information INHS Score Information Habitat for Humanity Score Capacity, qualifications and Long record of Your notes 6 Portfolio of volunteer built Your notes 5 demonstrated experience of housing homes is growing with 3 sponsor/development team, development both houses built each year on including architect. within and outside average. Construction of the City. supervisors are Architect = professional contractors. Claudia Brenner Previous record of Extensive and 6 Package includes photos 5 performance positive, both in and info on completed timeliness and projects problem solving when things do not go as planned. Demonstration of capacity to HOME and 6 See above 6 complete the project in a CDBG funded timely manner activities, tax-credit activities. Strong Board Financial capacity & Bank loan, 6 $65,000 in grants 6 reasonableness of financing proposed $75,000 proposed- not clear if this plan HOME (future is in hand or pending. IURA request?), and $30,000 from City, County, Cornell partnership. This is assumed to be a successful future request. Applicant’s record of being Excellent. 6 No record of Habitat in the 6 current on taxes, free of Portfolio of 307 City. No indication of financial interest in properties rental units. issues elsewhere. with violations of zoning or building code, and a responsible landlord, if applicable.  Total score 30 Total score 28 20% Economic benefits of the project: 18 possible points--assign a score of 1-6 for each element with 6 being highest. Element Information INHS Score Information Habitat for Humanity Score Purchase Price $17,000 Your notes 6 $6,000 Your notes 4 Generation of future property Taxable but in land 6 taxable 6 tax revenues trust Other economic benefits 2 1 Total score 14 Total score 11