HomeMy WebLinkAboutMN-IURANI-2013-05-10
108 East Green Street
Ithaca, New York 14850
(607) 274-655
Approved 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.
Ithaca
Urban
Renewal
Agency
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
Townhomes
Score
Extent to which the physical
design of the project is
thoughtful, innovative and
attractive architecturally.
Four owner
occupied, two-story
townhomes
Your notes 7.25 Nine 1-bedroom and three
2-bedroom apartments.
Market rate rentals. Mix of
materials.
Your notes 3.5
Prudent use of the site and
the relation of new structures
to the surrounding
neighborhood.
Entrance at grade on
Cayuga St.; parking
under the building,
accessed from S.
Titus
7.75 Entrance at grade on
Cayuga St.; parking under
the building, accessed from
S. Titus
7.75
Extent to which the new
housing provides accessible,
adaptable or visitable units.
Visitable, perhaps
adaptable
2 4 first floor units accessible 2
Quality and durability of
building materials selected.
Wood frame, fiber-
cement siding,
6 Exterior siding a mix of
composite siding, fiber
cement and stained wood.
2
Extent to which the project
promotes sustainability
through the use of green
building practices,
sustainable technology, and
quality design.
Built to LEED
standards; incl.
energy efficiency
and water
conservation,
indoor air quality
and efficient
construction
techniques.
Ventilation for
possible TCE
contamination
proposed.
8 Builds ‘whenever possible’
to energy star standards
4
Other community benefits
Affordable housing
with public subsidy
of $420,000.
Property would be
entered into the
housing trust.
6 Application lists 2 street
trees and benches
3
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
Townhomes
Score
Capacity, qualifications and
demonstrated experience of
sponsor/development team,
including architect.
Long record of
multi-unit
development both
within and outside
of the City.
Architect =
Claudia Brenner
Your notes 6 Large portfolio of rental
housing within and outside
the City. Architect – Larry
Fabbroni, jr.
Your notes 4
Previous record of
performance
Extensive and
positive, both in
timeliness and
problem solving
when things do not
go as planned.
6 Package includes cut
sheets on completed
projects
6
Demonstration of capacity to
complete the project in a
timely manner
HOME and
CDBG funded
activities, tax-credit
activities. Strong
Board
6 See above 6
Financial capacity &
reasonableness of financing
plan
Bank loan,
proposed $300,000
HOME (future
IURA request?),
and $120,000 from
City, County,
Cornell
partnership. This is
assumed to be a
successful future
request.
6 Bank Loan and Private
Equity
6
Applicant’s record of being
current on taxes, free of
financial interest in properties
with violations of zoning or
building code, and a
responsible landlord, if
applicable.
Excellent.
Portfolio of 307
rental units.
6 Current on taxes, no
violations noted
5.75
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
Townhomes
Score
Purchase Price
$29,000 Your notes 3 $75,000 Your notes 6
Generation of future property
tax revenues
Taxable but in land
trust
6 taxable 5
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
design of the project is
thoughtful, innovative and
attractive architecturally.
Small 2-bedroom
single family home,
similar to the house
at 507 Cascadilla.
Includes front and
back porch and fill
basement.
Your notes 8 Three possible designs are
discussed- a 1-story, 2-
bedroom ranch, a 2-story,
2-bedroom similar to 507
Cascadilla, and a 2-story,
3-bedroom house. Photos
of each style are provided.
Your notes 4
Prudent use of the site and
the relation of new structures
to the surrounding
neighborhood.
Maintains set-backs
from neighbors and
legal, in site parking.
8 4
Extent to which the new
housing provides accessible,
adaptable or visitable units.
Not accessible or
adaptable
1 All units are adaptable. 5
Quality and durability of
building materials selected.
Wood frame house
compatible with
surrounding
architecture.
8 Wood frame houses. 8
Extent to which the project
promotes sustainability
through the use of green
building practices,
sustainable technology, and
quality design.
Built to LEED
standards.
8 Energy Star with green
building and sustainable
standards
8
Other community benefits
Built as affordable
housing with
subsidy.
8 Very low income
homeowners (30-60% area
median)
8
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
demonstrated experience of
sponsor/development team,
including architect.
Long record of
housing
development both
within and outside
of the City.
Architect =
Claudia Brenner
Your notes 6 Portfolio of volunteer built
homes is growing with 3
houses built each year on
average. Construction
supervisors are
professional contractors.
Your notes 5
Previous record of
performance
Extensive and
positive, both in
timeliness and
problem solving
when things do not
go as planned.
6 Package includes photos
and info on completed
projects
5
Demonstration of capacity to
complete the project in a
timely manner
HOME and
CDBG funded
activities, tax-credit
activities. Strong
Board
6 See above 6
Financial capacity &
reasonableness of financing
plan
Bank loan,
proposed $75,000
HOME (future
IURA request?),
and $30,000 from
City, County,
Cornell
partnership. This is
assumed to be a
successful future
request.
6 $65,000 in grants
proposed- not clear if this
is in hand or pending.
6
Applicant’s record of being
current on taxes, free of
financial interest in properties
with violations of zoning or
building code, and a
responsible landlord, if
applicable.
Excellent.
Portfolio of 307
rental units.
6 No record of Habitat in the
City. No indication of
issues elsewhere.
6
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
tax revenues
Taxable but in land
trust
6 taxable 6
Other economic benefits 2 1
Total score 14 Total score 11