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KOTTINGER PLACE REDEVELOPMENT PROJECT ATTACHMENT D <br /> COMPARISON OF SITE DEVELOPMENT OPTIONS <br /> Option 1 Option 2 Option 3 <br /> Rehabilitate some of the New construction on New construction on <br /> existing homes and increase Kottinger Place and Kottinger Place site only <br /> density on the Kottinger Pleasanton Gardens sites <br /> Place site only <br /> Existing Units Retained 36 0 0 <br /> 1— <br /> Z New Units 47 to 57 172 to 189 120 to 130 <br /> 00 <br /> U <br /> z Total Units 97 to 107 172 to 189 120 to 130 <br /> Net New Units 47 to 57 82 to 99 70 to 80 <br /> re• Building Height(Stories) 1,2,&3 1,2,&3 1,2,&3 <br /> 8 Building Footprint(Sq.Ft.) 106k 174k 124k <br /> LL <br /> S Open Space Footprint(Sq.Ft.) 90k 107k 73k <br /> F Ratio of Open Space to Total Site 46% 38% 37% <br /> CO Area <br /> Development Cost $38m $61m $43m <br /> Private Funding(e.g.,Tax Credit $26m $41m $28m <br /> Equity,1st Mortgage) <br /> o City Contribution $4m $8m $6m <br /> Other Public Funding(e.g.,AHP, <br /> E.) County,etc.) $1.4m $1.4m $1.4m <br /> 0 <br /> nn. Pls.Gardens Contribution [n/a] $300k+Sec 8(32) [n/a] <br /> Dev Cost Per Unit $363k $327k $333k <br /> Annual Operating Budget $596k $1.O1m $667k <br /> Provision of Land City City+Pls.Gardens City <br /> cg Tenant Relocation Required Yes Yes Yes <br /> 0 <br /> z Removal of Regalia House Yes Yes Yes <br /> 1 <br /> w Relocation of Water Line Yes Yes Yes <br /> U <br /> En <br /> 2 Use of Kottinger Park Land No No No <br /> Land Ownership(New Project) City City City <br /> s Increases Supply of Affordable 0 + 0 <br /> co> Senior Housing <br /> wRetains Site Character and + + + <br /> o Open Space <br /> re <br /> LI Achieves Financial Efficiency and 0 + 0 <br /> o Sustainability <br /> a Site Plan is Complimentary to the + + + <br /> 1— Neighborhood <br /> NOTES: <br /> (*) The upper range figures for each scenario were used for comparing project costs <br /> (•") "+"=Significantly meets objective;"0"=Partially meets objective;""=Does not meet objective <br />