SR 06:178 - Laserfiche WebLink

ATTACHMENT A EXHIBIT A SUMMARY OF PROJECT SCOPE OF WORK This project involves conducting a predevelopment analysis, consistent willi the goals of the Kottinger Place Task Force included as Attachment B, of the potential for increasing the number of affordable units currently available at Kottinger Place located at 240 Kottinger Drive. Expansion options include a new development and/or new units with a renovation of existing units. The project also involves study of the potential for combining Kottinger Place with Pleasanton Gardens located at 251 Kottinger Drive into one development and the utilization of both sites to the benefit of a new single development. The end product will be a report including findings and recommendations including the following: . A detailed project financial proforma including estimated development!construction costs and project financing/funding; . A program to address tenant relocation planning . A description of recommended project density, unit mix and a rent schedule . A recommendation regarding retaining any existing buildings on the site . Presentation of a preliminary site plan . Exploring the potential for reorienting the project to front Vineyard Avenue, which would involve utilizing a portion of Kottinger Park. This option would entail converting some of the current Kottinger Place site to parkland; . Recommendation regarding the feasibility of consolidating Kottinger Place and Pleasanton Gardens; . Recommendation for ownership and property management structure. . Identification of potential funding sources for the project. A detailed scope of work for this project is as follows: 1. Conduct work in accordance with the proposed work plan schedule included as Attaclunent A. The schedule may be amended to reflect mutually agreeable changes to the project schedule. 2. Develop a detailed project budget! financial pro forma including identification of financing sources and uses ofthese funds for a new development. The goal is to have a detailed financing plan for a new development. The budget! financial proforma should be comprehensive including construction costs, developer fees, regulatory and City fees, costs related to the possible demolition of the current project(s), and relocation services. Funding source should be identified including any significant funding requirements. 3. Review the need for tenant relocation services to facilitate construction of a new development. Provide a recommendation on the most effective way to address this Page 7 of6 566\01\341388.2