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Development Option 2: New Development on Kottinger Place and Pleasanton Gardens Sties • Prepare a site plan detailing 128 to 150 units spread out over Kottinger Place, Pleasanton Gardens, 4138 Vineyard Avenue and 4133 Regalia Avenue. The site plan could assume all new units or new units plus the retention of some of the existing units on the Kottinger Place site. • A potential unit mix • Identify an approach for tenant relocation • Visual simulations of the site plan with views from the surrounding neighborhood • A preliminary financial pro forma, including revenue sources, uses, financing assumptions, project income, including proposed rent formulas, and expenses assuming available financial resources from both Kottinger Place and Pleasanton Gardens. • If Kottinger Place units are demolished, provide a financial analysis detailing the loss of the existing Kottinger Place asset • Review applicable HUD requirements including any processes required to complete this development option. • Provide information regarding ownership options assuming the development would have single ownership and management • Provide information identifying the anticipated role, if any, for the Pleasanton Gardens development • Provide a description of anticipated resident services that could be available with this option Development Option 3: New Development on Kottinger Place Sites Only • Prepare a site plan for a new development on the Kottinger Place sites including Kottinger Place, 4138 Vineyard Avenue and 4133 Regalia Avenue. The site plan would assume all new units and may be modeled on the site plan alternatives included in the December 1, 2009 Kottinger Place Redevelopment Report • A potential unit mix • Identify an approach for tenant relocation • Visual simulations of the site plan with views from the surrounding neighborhood • A preliminary financial pro forma, including revenue sources, uses, financing assumptions, project income, including proposed rent formulas, and expenses assuming available financial resources from both Kottinger Place and Pleasanton Gardens. • Provide a financial analysis detailing the loss of the existing Kottinger Place asset • Review applicable HUD requirements including any processes required to complete this development option. • Provide information regarding ownership options assuming the development would have single ownership and management • Provide information identifying the anticipated role, if any, for the Pleasanton Gardens development (This option assumes that Pleasanton Gardens tenants would be relocated to the new development.) • Provide a description of anticipated resident services that could be available with this option As part of the analysis for all three options, provide a matrix detailing significant project descriptors including number of units, unit mix, development cost, uses and sources of revenue, etc. After exploring the above development options, a recommendation will be presented to the City Page 2 of 3