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Backup Documents 06/09/2020 Item #11ARevitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Development Leadership WI AZ FL ILCO GA •36 years of Affordable Housing and Community Development Experience •Vertically Integrated: Development, Architecture, Construction, Asset and Property Management Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Gorman Integrated Development Team Joel Reed Southeast Market President John Lerdahl Southeast Director of Development Patrick Patrello Director of Architecture Ron Swiggum Director of Construction Laura Narduzzi Director of Operations Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Core Purpose & Values •Core Purpose •Initiate strategies and implement solutions to revitalize communities and build strong neighborhoods. •Core Values •We create and protect the best reputation at all costs •We treat our people as our most important asset •We provide first class service to our customers at all times •We provide value and quality to meet or exceed customer expectations •We maintain financial discipline to preserve and build long term economic strength •We act in an honest, respectful, responsive and professional manner at all times Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Gorman & Company Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Scoring Tabulation Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Scoring Tabulation Cormac Giblin Geoff Willig Bendisa Marku Deborah Forester Lorraine Lantz Total Scores Gorman & Company 83 81 85 74 80 403 McDowell Housing Partners/Collier County Community Land Trust/National Community Renaissance of California 85 76 88 80 69 398 Rural Neighborhoods Inc.83 70 81 75 77 386 JHM/RHD Naples, LLC 83 75 86 70 72 386 Ability Housing Inc.74 81 75 67 64 361 Framework Group LLC 71 68 74 60 69 342 RFP Scoring Categories Business Plan & Approach Support of Community Objectives Past and Present Experience of the Firm Financial Capability of the Firm Qualification and Specialized Expertise of Team Members and Firm #1 Based on Rankings without Local Preference Points Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Collaborative Development Team Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Gorman & Company Florida Experience OFFICE Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Golden Gate Apartments Overview •336 units rented to Collier County Essential Employees at workforce rents of 80% and 100% AMI •No LIHTC and no money from Collier County apart from the land contribution •Indoor and outdoor community space Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Golden Gate Apartments Overview •72 units rented for seniors with a veteran preference at 60% AMI and below •9% LIHTC and no money from Collier County apart from the land contribution •Services provided by Volunteers of America •Indoor and outdoor community space Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Workforce Component Nurse Entry Wage: $47,000 % of AMI: 81% Median Wage: $65,000 % of AMI: 113% Teacher Entry Wage: $44,000 % of AMI: 76% Median Wage: $59,000 % of AMI: 102% Patrol Officer Entry Wage: $47,000 % of AMI: 81% Median Wage: $59,000 % of AMI: 102% HR Specialist Entry Wage: $35,000 % of AMI: 61% Median Wage: $55,000 % of AMI: 95% •Rent Restricted apartments, not Income Restricted •As shown below, many Essential Service Personnel incomes exceed 80% AMI for single person households •Rental preference given to Essential Service Personnel Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Workforce Component County Median Income 120%100%80%60% 1 Person $ 69,240 $ 57,700 $ 46,160 $ 34,620 2 Persons $ 79,080 $ 65,900 $ 52,720 $ 39,540 3 Persons $ 88,920 $ 74,100 $ 59,280 $ 44,460 4 Persons $ 98,760 $ 82,300 $ 65,840 $ 49,380 5 Persons $ 106,680 $ 88,900 $ 71,120 $ 53,340 II. UNIT RENT RESTRICTIONS Efficiency $ 1,731 $ 1,442 $ 1,154 $ 865 1 Bedroom $ 1,854 $ 1,545 $ 1,236 $ 927 2 Bedroom $ 2,223 $ 1,852 $ 1,482 $ 1,111 3 Bedroom $ 2,568 $ 2,140 $ 1,712 $ 1,284 Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Volunteers of America -Florida Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Who We Serve •Currently operate 78 programs and services including 60 supportive housing programs in Florida with a team of over 200 health and social service professionals. •Veterans and Veteran families •Persons with mental illness, substance use disorder and disabilities •People and Families in poverty. •Older Adults •5,500 people served daily across Florida (including Lee and Charlotte County) Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Housing and Supportive Services •Behavioral Health and Case Management Services •Training, Education and Employment Services •Wellness Services •Individualized Life Plans •Delivery via Telehealth now available Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Stofft Cooney Architects John Cooney Partner Shawn Brakmanis Project Manager Bob Vayda Senior Architect Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Potential Plans for the Former Golden Gate Golf Course Stofft Cooney Architects Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships 216 Units 192 Units Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Gorman & Company’s Workforce Housing Experience Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Workforce Housing –Lion’s Ridge Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Lion’s Ridge Apartments –Vail, CO •New construction, workforce housing built to replace dilapidated affordable-rental property •Housing targeted to year-round workers in Vail and Eagle County •114 apartments of workforce housing completed in Spring 2016 Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Lion’s Ridge Apartments –Vail Sources First Mortgage 21,377,000 Investor Equity 4,640,000 Use Tax Rebate (Town of Vail)413,923 Deferred Developer Fee 950,000 Total $27,380,923 Uses Land 0 Hard Costs 21,194,603 Soft Costs 6,186,320 Total $27,380,923 The Town of Vail donated the land to the project after paying off the existing debt, leaving the land free and clear of any liens Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Lion’s Ridge Apartments –Vail Current deed restriction requires residents to work 30 hours a week in Eagle County to qualify to live in the units Unit Size Number of Units Rents One Bedroom 30 $1,350 Two Bedroom 84 $1,950 Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships The Village at Wintergreen –Keystone, CO Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships The Village at Wintergreen –Keystone, CO •New construction, workforce and seasonal housing •Housing targeted to year-round workers in Keystone and Summit County •156 apartments of workforce and seasonal housing completed in Winter 2020 Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships The Village at Wintergreen –Keystone, CO Sources First Mortgage $34,443,000 Investor Equity $6,996,175 Forward Commitment Fee Refund $674,000 Subordinate Loan (CHFA)$2,865,000 Developer Contribution $1,796,500 Total $46,778,175 Uses Land $0 Hard Costs $33,618,262 Soft Costs $13,159,913 Total $46,778,175 Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships The Village at Wintergreen –Keystone, CO Current deed restriction requires residents to work 30 hours a week in Summit County to qualify to live in the units Unit Size Unit Type Number of Units Rents One Bedroom Year- Round 40 $1,700 Two Bedroom Year- Round 80 $2,040 Three Bedroom Seasonal*36 $1,938 *Seasonal Units are Master Leased by Vail Summit Resorts, Inc. Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Keystone, CO –Who Works Here? Career Approx. Salary Average AMI 1 person Average AMI Couple (making similar salary) Rental Affordability per person (30% Salary) Police Officer / Deputy $49-50,000 90%140-160%$1,470 / month Fireman (LDFR)$45,000 70%125-140%$1,350 / month Summit School District (Starting Salary) $39,500 60-70%120%$1,185 / month Cook $31,000 50-60%90-100%$930 / month Electrical Technician $49,920 80-90%140-160%$1,497 / month Keystone area estimated median household income: $69,974 (Source: 2015 city-data.com) Summit County estimated median household income: $67,983 (Source: 2015 census.gov) Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Veteran Housing - Valor on Eighth, Tempe, AZ Built in 2017 Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Veteran Housing - Valor on Eighth, Tempe, AZ •Targets female veterans and veterans with families •Partnered with Save the Family Foundation •Before and after school care, computer training, job training and search assistance, credit and financial counseling •Playground, picnic tables, grills and bike racks Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Veteran Housing - Valor on Eighth, Tempe, AZ Unit Size Unit Type Number of Units Rents One Bedroom 40% AMI 7 $584 One Bedroom 50% AMI 7 $730 One Bedroom 60% AMI 1 $876 Two Bedroom 40% AMI 5 $701 Two Bedroom 50% AMI 9 $876 Two Bedroom Market 5 $1,238 Three Bedroom 40% AMI 6 $809 Three Bedroom 50% AMI 7 $1,011 Three Bedroom 60% AMI 3 $1,214 Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Gorman’s Construction Approach Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Gorman’s Construction Approach •Gorman General Contractors (GGC) acts as GC and Project Manager •GGC does not self-perform any of the building trades •GGC goes through a community outreach process to hire local subcontractors •Project Manager is on site regularly for Owner/Architect/Contractor meetings Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Gorman’s Construction Approach Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Asset and On-Site Property Management •Owner’s Representative and Managing Agent •Interact Regularly with Investors, Lenders & Agencies •Monitor & Report Portfolio Performance/ Rental Achievement •Long-Term Asset Capital Needs & Reserves •In-house & 3rd Party Management Oversight •New Development Implementation and Monitoring •Prepare and Monitor Proforma & Operating Financials •Site Visits Revitalizing Communities Through Innovative Housing Partnerships Revitalizing Communities Through Innovative Housing Partnerships Joel Reed, AICP Southeast Market President 404-403-2925 jreed@gormanusa.com I I A • Over 50 years of Award -Winning Homes. • Over 15,000 Homes Built. • SWFL Largest Locally Owned, Private Builder. • 1,400 HOMES SOLD IN 2019. • The Highest Customer Satisfaction Rate. • Over 90 Successful Communities. • 2015 Professional Builder of the Year by Builder Magazine. • Builder of the Year for Florida Green Building Coalition — 5 Consecutive Years. • 2013 Builder of the Year by the Florida Green Building Coalition. • 2012 America's Best Builder Award by Builder Magazine. • Consistently Ranks Among the Nations Top 100 Home Builders by Builder Magazine. • Solid Track Record of Building Sustainable Communities. RURAL NEIGHBORHOODS BUILDING LIVABLE PLACES FOR WORKING FAMILIES Alachua ■Collier ■Hendry ■Hillsborough ■Miami-Dade ■Monroe ■Okeechobee ■Polk ■Saint Lucie Not just Rural anymore… •Senior Housing/ Miami-Dade $32M •Senior Housing / Gainesville $22M LOCAL KNOWLEDGE, LOCAL TEAM Rural/EASWF 314 Rentals since 2004 30 Single-Family Homes 80 Rehabs Post-Irma Corban AIA SW FL Since 1989 Naples Botanical Garden Shelly Stayer Shelter GradyMinor SW FL since 1981 Gordon River Greenway Big Corkscrew Island Park 1.Brand New Source of Local Equity 2.Replicable 3.Non-Profits Take % Cash Flow and Endow (Not Pocket) 4.120%+AMI Essential Employee Housing is Feasible THE VALUE OF FOUNDATION MODEL Total Assets: $143.5M / Net Assets: $60.9MCash & Cash Equivalents: $6.2M$100M Pipeline 2018 Collier Community Foundation Harvey Kapnik Award ✧2019 LISC Rural Champion Award2011 Top 50 Affordable Housing Developers ✧LISC Hurricane Recovery Award Miami-Dade Agriculturist of the Year ✧Housing Assistance Council Community Service AwardGovernor Jeb Bush Hurricane Housing Task ForceAmerican Business Media Littleford Award for Corporate Community ServiceFannie Mae Foundation Maxwell Award of Excellence in Low -Income Housing FISCALLY STRONG, AWARD-WINNING CHARITABLE 501(C)(3)NAÏVE OR NO CAPITAL COLLIER SINCE 2002… COLLIER Developed 7 Rental Communities 317 Units COs 6 using Florida Housing Not Just Funded: Built and Operated FLORIDA HOUSING 2018-2020 $100,000,000 FHFC-Funded Projects in Construction and Pipeline CompetentNot Naive CDBG-DR 2020 $11,618,733 Awarded Vs. McDowell’s $8M TOOLS IN OUR TOOLKIT •Committed Development Consultant PRO BONO COMMITMENT DOMINIUM-35,000 Units •Non-Profit Partner(s) Rural and Ability Pledged to Each Other if Selected Community Housing Partners •FHFC 100% Non-Profit Set-Aside 2905 Northwest Blvd, Suite 150 | Plymouth, MN 55441 | Corporate 763-354-5500 | Web dominiumapartments.com To: The Board of County Commissioners 3299 Tamiami Trail East, Suite 303 Naples, FL 34112 Mr. Steven Kirk President Rural Neighborhoods POB 343529 Florida City, FL 33034 Re: Collier County Golden Gate Golf Course Dear Commissioners and Mr. Kirk: Dominium is among the nation’s largest and most innovative affordable housing development and management companies with more than 30,000 apartments in 21 states. By 2025, our firm expects to be the pre-eminent private developer, owner and property manager of affordable housing. Our principals strive to make a positive difference in the cities and neighborhoods we call home. Through our Dominium Pro Bono Program, we leverage more than 45 years of development experience to provide free support to valuable community initiatives that address critical housing challenges. Since the inception of the pro bono program, we have completed over $75 million worth of projects to support nonprofit developers working to address housing issues and other important community priorities across the country , and we have another $175 million in the pipeline. Rural Neighborhoods is a current pro bono partner to whom we donate time and expertise. They are a charitable partner and local leader that shares our vision for quality housing for all. Today Dominium is assisting Rural Neighborhoods and the City of Gainesville with Deer Creek Senior Housing. Through that transformative work, our collaboration will create 62 mid-rise, senior apartments on an exemplary site adjacent to the Alachua County Senior Center, Northside Park, and Farmers Market. Rural Neighborhoods vision for the Golden Gate Golf Course is both exciting and feasible. The generous financial commitment made by the Community Foundation of Collier County and Richard M. Schulze Family Foundation are unprecedented. Dominium pledges to donate our time and expertise to this valuable community project through our pro bono program. For our principals, it offers an opportunity to serve, not to profit. Our firm expects to donate more than 4,800 hours over 36 months assisting this important development. Our pro bono initiative offers a full range of development services including environmental due diligence, architectural design, financial anal ysis, TOOLS IN OUR TOOLKIT •No Foreclosure. No Default. No Loan Forebearance. EVER… •Nonprofit Intermediaries/Foundation Guarantees LISC, Enterprise Community Partners •Affordable: 99 Years+ ORCHID GROVE 80 Units Miami-Dade CYPRESS COVE 80 Units Winter Haven MARKET RATE LIVING @ Affordable Rents •Resilient Concrete Block Stucco •Impact Doors and Windows •Ceramic Baths •Hard Surface Countertops •LEED Green Rating •Landscaping: The Collier Expectation •Clubhouse, Gym, Yoga Studio, Lap Pool, Biz Center and Coffee Bar SENIORS/VETERANS ESSENTIAL JHM/RHD NAPLES, LLC 150 Seniors/Vets in Total 360 Units, $72.2M Cost Financial Gap $10,000,000 Seniors and Essential: Single Phase Debt + Equity No Material Role by Habitat for Humanity Humanity GORMAN & COMPANY 72 Seniors/Vets in Total 408 Units, $77.5M Cost Seniors: 9% HC Essential: Debt + Investor ABILITY HOUSING 150 Seniors /Vets in 364 Total Units, $55.8M $50.8M Total Assets $18.0 Net Assets $1.5M Cash Single Phase Debt + Equity 100% Nonprofit Ownership –Long-Term Commitment MCDOWELL HP –CORE/HELP 132 Seniors/Vets in Total 408 Units, $78.2M Cost Financial Gap $10,000,000 Hybrid: 9% HC or Bond 4% + FHFC Debt + Equity Fee Developer -No Ownership “Build and Run” RURAL NEIGHBORHOODS -HELP 100 Seniors/Vets in 350 Total Units, $72.7M Cost Seniors: 9% HC Essential: Debt + CFCC 100% Nonprofit Ownership –Long-Term Commitment Is there a $10M GAP? ??? COST “If the proposer’s equity premise or construction cost is incorrect, then their financial submission is simply not feasible –and incorrectly scored” Collier County: Housing and Land Development Component at the Former Golden Gate Golf Course The Firm: JHM/RHD Naples, LLC Team is comprised of Habitat for Humanity of Collier County, The Richman Group and JHM affiliates; Complete Vertical Integration -JHM & THE RICHMAN GROUP •Two of the largest rental apartment developers/owners in the Country –Richman 7th largest; •150,000+ housing units; •5th largest LIHTC syndicator; •Own & operate 11,500+ units in the State of Florida alone; •Have raised over $11B in equity and invested in real estate transactions having a property cost of nearly $20B; •Includes an affiliate property management company managing 15,000+ units over 100+ properties, with 400+ employees; •Team includes affiliates that provide all construction, asset management, resident services, financing, etc. •Have expanded to include 12 regional offices, two of which are in Florida. The Firm: JHM/RHD Naples, LLC Team is comprised of Habitat for Humanity of Collier County, The Richman Group and JHM affiliates; Decades of Service to Collier County-HABITAT FOR HUMANITY OF COLLIER COUNTY •Developed over 2000 HOMEOWNERSHIP opportunities for the people of Collier County since 1978 •One of the oldest and most successful Habitat Affiliates in the nation. •CEO Lisa Lefkow and President Nick Kouloheras have a combined 38 years within the organization •Worked with Collier County Community Foundation to repair/replace over 500 roofs after Hurricane Irma, in addition to constructing homes and relocation of families •Involved in the development of numerous residential communities in the area, including: •Legacy Lakes –55 units •Regal Acres –184 split villas •Kaicasa –280 town homes Team Member –Flow ChartJHM/RHD NAPLES, LLC (JHM/Richman) Habitat – Community & Outreach General Contractor – Citrus Construction Financing – The Richman Group Design – Forum Architects Civil/Environm ental/Enginee ring –TBD Property Management –Richman Property Services Design – Forum Architects Flowchart of Responsibilities JHM/RHD NAPLES, LLC JHM FINANCIAL GROUP & THE RICHMAN GROUP •Structure Financing Plan •Manage due diligence process •Oversee development team •Project Management HABITAT FOR HUMANITY OF COLLIER COUNTY •Community Engagement •Local Outreach •Design Input Site Plan Options Conceptual Site Plan Rental Housing Community Overall Site & Programing Proposed Design: 406 Dwelling Units Rental Development Site Plan, Sample Elevation& Rendering Exterior Finishes/Renderings Grady Square PorticoEpic at Gateway 320 Dwelling Units Pinellas Park, FL 300 Dwelling Units Tampa, FL 417 Dwelling Units Sunrise, FL Interior Finishes Bedroom Composition / Sample Floorplan Proposed Unit Mix Bedroom Size Number of Units 1 158 2 169 3 79 TOTAL 406 3 Bedroom 1 Bedroom 2 Bedroom Site Amenities Game Room Business Center & Sitting Area Fitness Center Club Room Playground Pool Site Amenities Game Room Business Center & Sitting Area Fitness Center Club Room PoolClub Room Outdoor Living Fitness Fitness Outdoor Living Dog Park Business Center & Sitting Area Fitness Center Club Room Pool *Based on Golden Gate ITN, units will be reserved for essential services, veterans, the elderly, and those with special needs at a variety of income levels at rates below typical market rate. Proposed Income Targeting Business Center & Sitting Area Fitness Center Club Room Pool Site & Design Timeline Milestone Date Proposal Submission 01/2020 Anticipated Proposal Award 07/2020 Site Analysis & Due Diligence 09/2020 Finalization of Development Agreement 11/2020 Conceptual Design 03/2021 Zoning Approval 04/2021 Financing Application 02/2021 Financing Award 06/2021 Construction Documentation (90%)10/2021 Construction Bidding 10/2021 Building Permit Issuance 01/2022 Closing & Construction Timeline Milestone Date Financial Closing 02/2022 Construction Commencement 02/2022 Construction Completion/CO 02/2024 Lease-up & Breakeven 05/2024 Stabilized Year 2024 Proposed Timeline Conclusion •JHM/RHD Naples,LLC is extremely excited for the opportunity to collaborate with Collier County and bring 406 units of much-needed affordable housing to the essential workers,veterans,those with special needs and the elderly of Southwest Florida. •Using their decades of experience securing financing for affordable housing developments,JHM/RHD Naples,LLC will develop a finance plan for this development which will minimize any County financial contribution.This will be done by developing a finance plan that will include the use of tax-exempt bonds, Low Income Housing Tax Credits,Florida Housing Finance Corporation programs such as SAIL and all HUD,Fannie Mae,Freddie Mac and conventional finance programs. •The team’s knowledge as well as its complete vertical integration of all aspects of real estate development will allow for the highest quality housing with the best services at the lowest cost. •This translates into savings for the County. •The proposed development will be constructed with the highest quality materials and provide our residents with top-of-the-line amenities. •JHM/RHD Naples,LLC would be honored to provide the people of Collier County with the high-quality housing that they deserve. N A T 1 0 N A L •9 foe HELPHOUiAMS MCDOWELL HOUSING PARTNERS III Art AJJN14/t of.WeD*wU "rrnm IIA FAIRWAY MEADOWS AT GOLDEN GATE SOLICITATION #20-7698 J u N E 9, 2020 Top Ranked Proposal ITN #: 20-7698 Title: HOUSING AND LAND DEVELOPMENT COMPONENT AT THE FORMER GOLDEN GATE GOLF COURSE Name of Firm Cormac Giblin Geoff Willig Bendisa Marku Deborah Forester Lorriane Lantz Total Scores Tic Breaker (Sandra Herrera and Sarah Hamilton) McDowell Housing Partners/Collier County Community Land Trust/National Community Renaissance of California 95 86 98 90 448.00 1 Rural Nei borhoods, Inc. 93 80 91 85 87 436.00 2 JHM/RHD Naples, LLC 93 85 96 80 82 436.00 3 Gorman & Company, LLC 83 81 85 74 80 403.00 4 Ability Housing, Inc. 74 81 75 67 64 361.00 5 Framework Group LLC 71 68 74 601 69 34 .00 6 Procurement Professional Evelyn Colon 88 Points lower than CORE/MHP IIA 11A OBJECTIVES • OPTIMIZE PUBLIC BENEFIT - SERVE A WIDER INCOME SPECTRUM WITH TWO PHASE PLAN ADDRESSES BOTH WORKFORCE (ESP) AND SENIOR/VETERAN TO BEST SERVE COLLIER COUNTY'S NEEDS MAXIMIZE UNITS- 348 ESP UNITS + 120-150 SENIOR/VETERAN UNITS • OPTIMIZE ECONOMIC RETURN TO COLLIER COUNTY - LAND LEASE PAYMENTS (EST. $3.5M) PAY PROPERTY TAXES - COMMIT TO FOREGO DEVELOPER FEES (ESPPHASE) PER CF 11A OBJECTIVES • DELIVER UNITS AS QUICKLY AS POSSIBLE: PROVEN SUCCESS - UTILIZE BEMBRIDGE'S DEVELOPMENT AGREEMENT AND LAND LEASE TEMPLATES TO EXPEDITE NEGOTIATIONS EXPERIENCED LOCAL TEAM WITH CAPACITY IN PLACE ■ MHP ESTABLISHED LOCAL OFFICE IN NAPLES ■ INTIMATELY FAMILIAR WITH COLLIER COUNTY ENTITLEMENT PROCESS CAN TAKE OVER DAVIDSON ENGINEERING CONTRACT FROM COUNTY (SAVES $1 M) COMMITTED FINANCING TO WORK IMMEDIATELY AND TAKE ADVANTAGE OF HISTORICALLY LOW RATES ■ LENDER COMMITMENT IN HAND - COMMIT TO DELIVER UNITS WITHIN 14 MONTHS AFTER ZONING APPROVAL ■ SENIOR/VETERAN UNITS CAN BE DELIVERED WITHOUT FHFC COMPETITIVE FINANCING 11A PROJECT LEVEL OBJECTIVES • COLLABORATIVE PROCESS • NEIGHBORHOOD SENSITIVITY AND COMPATIBILITY - DISCUSSIONS COMMENCED WITH GOLDEN GATE CIVIC ASSOCIATION (GGCA) - COMMITTED TO INCORPORATING GGCA FEEDBACK IN ALL PLANNING AND DESIGN • SUPPORTIVE SERVICES AND AMENITIES - HEALTH AND WELLNESS FACILITIES - FINANCIAL OPPORTUNITY CENTER • SAFETY AND SUSTAINABILITY - GREEN BUILDING CERTIFICATION + ACTIVE SOLAR SYSTEM = COST SAVINGS - CONCRETE CONSTRUCTION, BACKUP GENERATOR SYSTEM, 1 00% SECURITY CAMERA COVERAGE OF COMMON AREAS, KEY FOB ON ALL EXTERIOR ENTRANCES COLLIER COUNTY COMMUNITY FOUNDATION FUNDING • STRUCTURED PROPOSAL TO FULLY ADDRESS THE COMMUNITY FOUNDATION'S STATED AND IMPLICIT GOALS - FLORIDA NON-PROFIT OWNERSHIP OF ESP PHASE - RENTS CAPPED AT 80%, INCOMES UNCAPPED • SEEKING CLARITY ON COMMUNITY FOUNDATION'S SUPPORT • ESP PROJECT COULD PROCEED WITHOUT THE COMMUNITY FOUNDATION $10M GRANT • COMMUNITY FOUNDATION FUNDING COULD BE USED FOR ANOTHER PROJECT PROVIDING MORE ESSENTIAL SERVICE PERSONNEL UNITS WIN -WIN FOR COLLIER COUNTY! COMPARISON OF PROPOSALS 1 1 A 470 Total in Current Plan Total Units ESP Phase - 348 (with 72 Sen/Vet) Sen/VetAff Phase —122 (Flexibility forAdd'I Units on Sen/Vet) Cost Per Unit $199,673 Yes Non -Profit ESP —100% NP Ownership & Dev Ownership Sen/Vet - CORE is GP Incomes/Rents ESP — Max 80% Rents for tenants Senior/Vet-30%-80% Rent/Inc. Land Lease Payment to ESP - $2,000,000 County Senior/Vet — Min $1,500,000 1 ESP — PILOT Tax Pmt. Real Estate Taxes (Est. $150KAnnual) Senior/Vet — Fully Assessed under Statute (Est. $109,800) Developer Fees ESP— None Requested Sen/Vet- FHFC Permitted (Est. $2.OM) 350 Total ESP Phase — 250 LIHTC Phase —100 $207,926.77 Yes 25% @ 80% AMI 50% @ 100% AMI 25% @120% AMI None ESP - $0.00 Full Exemption Sen/Vet - $80K/yr. ESP - $4,423,087 LIHTC - $3,001,743 364 Total 408 Total 360 Total (One Phase) ESP — 336 (One Phase) ESP - 214 LIHTC - 72 ESP - 210 Sen/Vet —150 Senior/Vet —150 $153,434 $190,041 $200,635 No Yes No Habitat Involved but Not Owner ESP — 80% -100% AMI 30-80% AMI 80% AMI Proposal LIHTC — 30% -60% AMI Not Specific None None None Assumed Not specified Not Specified $147,420/yr. Not Specified ESP - $3,000,000 Not Specified LIHTC - $1,725,000 COMPARISON OF NON-PROFIT PROPOSERS' FINANCIAL STRENGTH # Units 93000 Gross Receipts 58,278,754 Total Assets 126,919,709 Total Liabilities 64,084,783 Net Assets $62,834,926 SOURCE 2018 Form 990 Filed 21000 1,635,704 10,369,730 2221157 11A W111 4,342,360 20,870,005 15,180,009 $1031475573 $556895996 2018 Form 990 Guidestar 2018 Form 990 Guidestar • New York • Miami McDOWELL HOUSING PARTNERS PROVEN SUCCESS San Francisco' • MP Office Locations NIP Property Locations Additional Target Markets Villa Verde Rendering If • Committed to Investment in Collier County • Bembridge - Secured funding in 3 months after award of land from BOCC. • Villa Verde —160 Unit Senior/Veteran Development in Partnership with National CORE • Completed the development of more than 3,000 affordable/workforce housing units, primarily in Florida and within public private partnerships • Committed to affordability in perpetuity • MHP Role: • Consultant/Builder on ESP Phase • Co -Developer on Senior/Veteran Phase 11A I I A COLLIER COUNTY COMMUNITY LAND TRUST • Newly incorporated as of January 1, 2020 with the help of Collier County • BOCC provided approval and initial investment. • Mission: To provide housing opportunities within Collier County that are permanently affordable • Current stewardship services available through HUD -approved managing entity: Home Buyer Education; Pre -purchase counseling; Credit Counseling; Financial Coaching; Down Payment Assistance program CCCLT shall provide ESP Tenant recruitment, eligibility and income certifications Fairway Meadows allows CCCLT to generate critical income through land lease payments and participation in operational revenue IIA NATIONAL COMMUNITY RENAISSANCE • Founded in 1992 • Total Units: 9,000 • 5 communities in FL since 2004 • Nation's 4t" Largest Nonprofit Affordable Housing Developer • #25 of the Nation's 50 largest affordable housing developers • Full -Service Organization o Acquisitions o Planning & Development o Construction o Property Management o Compliance o Asset Management o Social Services I I A FINANCIAL CAPACITY & EXPERIENCE Our combined long-term relationships with numerous public and private financial partners give us access to external capital resources: • DESIGNATED FREDDIE MAC SELECT SPONSOR • Reserved for Freddie Mac's top tier borrowers • TAX CREDIT ALLOCATION • 65 projects since 2008 have been awarded (average 5-6 awards annually) • MHP secured competitive FHFC funding on 5 developments in 2019/2020 alone • Two (Bembridge and Villa Verde) in Coller County • VETERANS AFFAIRS SUPPORTIVE HOUSING (VASH) • 5 projects, 102 vouchers • AFFORDABLE HOUSING PROGRAM (AHP) • 31 total awards • HUD RENTAL ASSISTANCE 0 28 projects, 1950 total assisted residents FAIRWAY MEADOWS OWNERSHIP � lA ESP PHASE Note- McDowell Housing Partners, LLC will act as a third -party consultant/builder on ESP development. *Similar to Pinnacle Housing and Dominium for Rural Neighborhoods. **Ability Housing will undoubtedly require assistance from an experienced developer with a significant balance sheet. ilA GROUND LEASE STRUCTURE Co ier County COLLIER COUNTY COMMUNITY LAND TRUST 99 YEAR LEASE (REQUIRES AFFORDABILITY IN PERPETUITY PROVIDES LEASEHOLD OWNERSHIP TO SINGLE -PURPOSE WNER ENTITIES OF EACH PHASE. *MAKES LAND LEASE PMT. *Land Lease payments can be made to either CCCLT or directly to Collier County (Housing Trust Fund) PRELIMINARY SITE PLAN 11A line will reduce impact on neighbors ::ULLILF 13LVL. SCA►F=1'- im 9--� N —� 470 UNITS ON — 30 ACRES aw W 1W 2W • 146 one -bedroom (750 SF) • 180 two -bedroom (900 SF) • 108 three -bedroom units (1150 SF) • 36 four -bedroom units (1450 SF). No other proposers providing 4-beds for larger families AFFORDABILITY • 348 Essential Service Personnel Units — 80% AMI Rents for ESP earning up to 120% AMI • AT LEAST 20% set -aside for seniors, veterans, and/or special needs populations • 100-150 ADDITIONAL affordable senior/veteran units — 30% AMI to 80% AMI (Average 60% AMI) I I A GOOD NEIGHBORS WITH SENSITIVE DESIGN FOCUS GOAL TO LIMIT THE IMPACTS ON SINGLE-FAMILY NEIGHBORS • Natural Barriers and Setbacks for sound and visibility protection: • 50 ft. dense landscape/vegetation buffer PLUS • 60 ft. parking/drive + 20 ft. front yard = 130 ft. of separation from single- family neighbors • Orient 3 buildings perpendicular to property line to reduce windows overlooking adjacent single-family homes • Commit to host design charettes and informational meetings with Golden Gate Civic Association throughout the design and construction phases of development kRMONIOUS AF FI FXIRI F AFC 1 Fairway Meadows at Go/den Gate NUMEROUS AMENITIES _ • Clubhouse --- Open to Both _Phases: .�—_�mR.��a-n„r'a sir—rwrr•.. ,�.:..u., ��try--7�w�� • Lounge r • Media Center/Screening ' Room • Fully Equipped Fitness w Center • Children s Activity Center Senior Center F �J �= • Golf Putting Green • Large Heated Pool and Spa • Fitness Trail • Multiple Playgrounds Nh • Community Garden - • 0 Dog Park PROPOSED SCHEDULE • Concurrent processing of A&E plans with zoning & land use entitlements • Closing anticipated upon securing entitlements • Expected construction period of 12-14 months Submit Proposal Under ITN: 20-7698 Jan 20 Execute Development Agreement (Template Complete) Jul 20 Sept 20 Financing Period: Community Foundation / HUD or Freddie Mac Architecture & Engineering Design Planning — Land Use Change and PUD Rezoning (CORE/MHP Pay For Davidson Engineering Services) Nov 20 Nov 20 Financial Closing Underwriting Permitting & Entitlements IIA Construction Period (Completion (14 months) Jun 21 Oct 21 Dec 22 EXPECTED RENTS Extremely Low Income $463 $555 $642 $716 (30% AMI) Low Income (60% AMI) Low Income (80% AMI) $927 $13236 $11482 UTILITY ALLOWANCE: 1 BR $128, 2BR $145, 3BR $160 and 4BR $175. $1,284 $13712 $1,432 $1,910 IIA COVENANTS AND - Affordability required in perpetuity under land lease COMMITMENTS - "No sale" provision under land lease - Commit to hire local Woman and Minority businesses - Local vendor (Davidson Engineering) LAND LEASE PAYMENT $3,500,000 total TAXES Allowance for property tax payments to County FEES Pay County fees estimated at $5,000,000 for both phases CREATE LOCAL JOBS - Estimated to create 655 local "construction activity" jobs and 180 ongoing jobs (NAHB) - Local hiring commitment RESIDENT PROGRAMS AND ESP - employment assistance, financial management, and family SERVICES support coordination. Implement "Financial Opportunity Center" concept Seniors/Veterans - computer training, daily activates, assistance with light housekeeping. shopping, and/or laundry. aArl _ - a (� �� ,ac> . � • - fop � S-+.. IL mi ,: DUFSTIC N A T I O N A L E IIA FOLLOWING SLIDES ARE FOR Q&A/REFERENCE I I A AFFORDABILITY Extremely Low Income $171310 $193770 $221230 $241690 (30%AMI ) Low Income (60% AMI) Low Income (80% AMI) 2020 LIHTC INCOME LIMITS $34,620 $46,160 $395540 $52,720 $441460 $59,280 $49, 380 $65, 840 1 1 A ESSENTIAL SERVICE PERSONNEL FINANCING 348 UNITS — GARDEN STYLE FLEXIBLE UNIT MIX • 72 one -bedroom • 144 two -bedroom • 96 three bedroom • 36 four -bedroom AFFORDABILITY • Max Rent Set At 80% AM • Residents earning up to 120% of AMI will be qualified NOTE: Soft costs include Financing costs. Permanent Loan $64,375,000 Grant/ Internal Equity Total Sources $10, 000, 000 $74,3753000 Hard Costs $581289,000 Soft Costs Reserves and Escrows Land Lease Payment Total Uses $12,4513000 $17635, 000 $2, 000, 000 $741375,000 11A SENIOR/VETERAN FINANCING 122 UNITS — 4 STORY MID -RISE (FLEXIBLE 120-160 UNITS CONCEPT UNIT MIX • 74 one -bedroom • 48 two -bedroom AFFORDABILITY • 30% AMI - 23 units • 60% AMI - 93 units • 80% AMI - 34 units Or • 30% AMI - 13 units • 60% AMI -109 units Permanent Loan $6,402,092 LIHTC Collier County Contribution Total Sources $171508, 249 $ 456, 000 $2413663341 Hard Costs $15,3843765 Soft Costs Reserves and Escrows Land Lease Payment $73225,536 $2561040 $1, 500, 000 Total Uses $241366,341 NOTE: Financing costs include in soft costs. IIA SPACIOUS FLOOR PLANS TYPICAL UNIT- 1 BEDROOM/1 BATH TYPICAL UNIT - 2 BEDROOM/1 BATH 700 GROSS SF 850 GROSS SF SPACIOUS FLOOR PLANS fll: V 5i -- _ J TYPICAL UNIT - 3 BEDROOM/2 BATH 1,569 GROSS SF i TYPICAL UNIT - 4 BEDROOM/2 BATH 1,810 GROSS SF IIA IIA ��FINANCIAL 410.727.2111 20 Souh t harlcs Surct, Sun,, 1000 SERVICES, INC. 410.727.3233 BalliniracMr)211-01 1%%%1%,agrll inali,f� , or June 7, 2020 Traies Roe Florida Director National CORE 9421 Haven Avenue Rancho Cucamonga, CA 91730 RE: Fairway Meadows Collier County, FL Dear Mr. Traies: This engagement letter ("Engagement Letter") confirms your engagement of AGM Financial Services, Inc. ("AGM") to assist in preparing, submitting and processing an application ("Application") for the Borrower (defined in Exhibit A) to the United States Department of Housing and Urban Development ("HUD"), to attempt to obtain a firm commitment ("Firm Commitment") for multifamily mortgage insurance of a loan ("Loan") pursuant to Section 221(d)(4) of the National Housing Act, as amended, with respect to the above -captioned project and to arrange for closing and funding of the Loan ("Closing") as well as servicing the Loan. Note that HUD refers to loan closings as "Endorsement." AGM shall have the exclusive right to prepare, submit and process the Application and to provide funding and servicing for the referenced Loan. AGM will file the Application pursuant to the Multifamily Accelerated Processing (MAP) program offered by HUD. The parameters of our working relationship and this Engagement Letter are described below: 1. HUD Mort2ne Application: AGM will prepare the HUD mortgage insurance Application in accordance with applicable HUD regulations and requirements, including HUD's MAP program. AGM will have the exclusive right to represent Borrower in its application to HUD in connection with the project for the purpose of obtaining mortgage insurance for the Loan, and all meetings and correspondence with HUD will be accomplished solely through AGM. Borrower agrees to secure the full cooperation of the attorneys, accountants, and other professionals engaged by Borrower to ensure that all documents needed by AGM for the Application are promptly provided. 2. AGM Financing Fee: a) Borrower agrees to pay AGM a Financing Fee (the "Financing Fee") for acting as their HUD Mortgagee and processing their Application. The amount of the Financing Fee is set forth in Exhibit A. The Financing Fee is paid at Closing. Financing Communities with FHA MARKET RATE & AFFORDABLE IIA Mr. Traies Roe Page 2 of 8 Fairway Meadows June 7, 2020 b) Upon acceptance of this Engagement Letter, AGM shall be paid a Retainer as specified in Exhibit A. The Retainer is not refundable but it will be credited towards the Financing Fee. c) Borrower agrees to pay the fees and expenses of AGM's legal counsel for preparation and review of loan documents and closing the Loan, including Final Closing if necessary. This cost is set forth in Exhibit A. 3. Third Party Expenses: All expenses related to this transaction shall be borne by the Borrower, including but not limited to compensation due to any third parry, any fees due to HUD, and the cost of placing the debt, described in paragraph 4, below. AGM's Retainer and Financing Fee do not include any of these costs or fees. The Borrower is responsible for these costs as they are incurred. At each processing stage, the Borrower will be informed of such costs for its approval, and billed accordingly. Any unexpended funds will be applied to the Financing Fee at Closing. Upon acceptance of this Engagement Letter, AGM shall be paid the third party costs for the initial submission to HUD. 4. ServicinWGNMA Fees: a) AGM will issue GNMA Mortgage -Backed Securities for this project and service the Loan. GNMA requires that an annual servicing fee is charged ("Servicing Fee"). The Servicing Fee is included in the loan's total annual interest rate. A portion of this fee is remitted to GNMA and the balance is retained by the servicer. b) GNMA Fee: GNMA charges an up front fee to cover expenses related to the issuance of GNMA Mortgage -Backed Securities. The Borrower agrees to pay the cost of this fee to AGM at Closing. The actual amount will be determined prior to Closing using the formula below; an initial estimate is provided in Exhibit A. i. the GNMA application fee ($500 for the first $1,500,000 plus $200 for each $1,000,000 thereafter of the principal amount of the mortgage), and ii. $500 GNMA custodial fee 5. HUD Fees and Charges: a) Prior to submission of each stage of the Application to HUD, the Borrower shall advance to AGM the required portion of the non-refundable HUD Application fee, known as the Exam Fee and set forth in Exhibit A. AGM will pay the fee to HUD, as proscribed by HUD policy. Any unexpended funds will be refunded to the Borrower or applied to the Financing Fee. b) HUD charges an annual Mortgage Insurance Premium ("MIP") which is collected by AGM as the Servicer. The MIP is equal to a fixed percentage of the average outstanding Loan balance. IIA Mr. Traies Roe Page 3 of 8 Fairway Meadows June 7, 2020 The MIP rate is identified in HUD's Commitment and is permanently set at Closing. The MIP rate currently anticipated for this Loan is set forth in Exhibit A. At Closing, in their capacity as Servicer, AGM is required to collect MIP for the first year of the Loan. The second year's MIP is collected on the first anniversary of Closing. For Loans with a Final Closing, there is a reconciliation of the amounts collected to the amount determined to be owed, and the difference is refunded to or paid by the Borrower as the case may be. 6. Access to Property, Borrower, and Principals: Borrower agrees to provide AGM and its third party professionals reasonable access to the property in order for it to complete its due diligence. Under HUD requirements, AGM is required to identify and analyze the credit and financial history of the Borrower and all Principals of the Borrower. Borrower agrees to promptly provide AGM any other information it deems necessary for the Application so that AGM can meet HUD processing timelines. Additionally, Borrower authorizes AGM to obtain any and all credit information of any kind that it deems necessary in connection with the Application. 7. Miscellaneous: (a) It is understood that this agreement does not obligate AGM to issue a loan commitment or to assure issuance of a Commitment by HUD or closing or funding of the Loan. The terms and conditions of Loan approval are subject to AGM's underwriting review and HUD's willingness to approve the Application. AGM makes no representation as to whether the Application will be submitted to HUD or whether HUD will approve the Application or on what terms it may so approve. In addition, Borrower acknowledges that changes in the real estate and financial markets and information developed in AGM's underwriting and review may change estimated terms and conditions of the Loan. (b) Processing by AGM will be in accordance with all applicable federal instructions, administrative rules, and regulations with respect to multifamily housing for HUD -insured projects. In the event that in AGM's underwriting of the loan they determine in their sole discretion that the Application is not appropriate for submission to HUD, they shall so notify the Borrower and this agreement shall be terminated. In such event, AGM shall return any unexpended third party report funds previously delivered to them and, subject to approval of the applicable third parties, deliver to the Borrower any reports obtained to date and the parties shall have no further obligations hereunder. (c) The party executing this Engagement Letter on behalf of the Borrower represents and warrants to AGM that: (a) such party has the power and authority to enter into this Engagement Letter on behalf of the Borrower; (b) such party guarantees the obligations of the Borrower pursuant to the terms of this Engagement Letter; and (c) the proposed Loan transaction described in this Engagement Letter is not the subject of a commitment or engagement letter from another lender. ila Mr. Traies Roe Page 4 of 8 Fairway Meadows June 7 2020 (d) On occasion, AGM uses information pertaining to closed loans for promotional and advertising purposes. Generally, this information includes the project's name and location, photos, type of loan, and mortgage amount. By signing below, Borrower acknowledges and approves the release of this information for this use. For construction or rehabilitation projects, Borrower further agrees to allow AGM to have a sign placed at the entrance of the project during construction, provided by AGM and reasonably acceptable to Borrower, indicating that AGM provided financing for the project. (e) The terms of this agreement shall be binding upon AGM, its successors and assigns as well as Borrower, Borrower's successors and assigns. (f) Principals must have positive experience and qualifications in developing, owning, or building multifamily properties reasonably comparable in kind and scale to the subject of the proposed transaction. Comparable in kind and scale means: (a) similar in physical size (e.g. number of units) and building type and uses (e.g., low rise, high rise, commercial spaces); (b) similar financially (e.g. revenues, expenses, size of mortgage, required liquidity); (c) similar operationally (e.g. target markets/tenant population, elderly, subsidized or affordable); and (d) similar in kind of transaction purpose (e.g. acquisition, re-positioning/turn-around, rehabilitation, new construction). Underwriting a Principal requires their financial and credit disclosure, including: (1) a designated person to sign Section 50 of the Regulatory Agreement, (2) individual or entity credit reports, (3) individual or entity financial statements, HUD forms, documents and Schedule of Real Estate Owned (REO)/debt schedules, (4) Internet searches and searches of debarment, OFAC (Office of Foreign Assets Control) and any other relevant databases, and (5) pre -approval in cases where their total HUD -insured debt is greater than $250,000,000. Active principals of a borrowing entity with less than a 25% ownership interest (10% for corporations) but possessing a substantial financial interest and/or having decision making authority are subject to underwriting review. The Active Principal's providing required capital into the proposed transactions should be able to show at least a minimum of two percentage (2%) of working capital in relationship to the total development costs of each proposed FHA -insured projects.(g) Passive Principals contributing a majority of equity to the Active Principal(s) and/or Related Entities/Affiliates shall be subject to a financial and credit analysis. 11A Mr. Traies Roe Fairway Meadows Page 5 of 8 June 7, 2020 Please acknowledge receipt of this letter and agreement to its terms and conditions by signing below and returning a fully executed copy to AGM. Sincerely, Brian LaChapelle Head of Origination AGREED AND ACCEPTED: I the undersigned being the proposed sponsor of the Project, do hereby agree to and accept the foregoing terms and conditions this day of , 2020. For: an Title: IIA Mr. Traies Roe Fairway Meadows EXHIBIT Page 6 of 8 June 7, 2020 Section of National Housing Act 221(d)(4) Project Sponsor National CORE AGM Retainer $0 - Waived AGM Financing Fee 0.50% Lender (AGM) Legal Initial Closing (Endorsement) $35,000 Final Closing (Endorsement) $8,500 Total $43,500 GNMA Fee Estimate $13,600 HUD Application (Exam) Fee .30% of Loan Amount HUD MIP Rate .25% IIA Mr. Traies Roe Fairway Meadows EXHIBIT B AGM Fairway Meadows Page 7 of 8 June 7, 2020 Pro'ect Information 348 Units Project Location Street, Municipality, Colliers,FL, Zip Year Built N/A Development Type 221(d)(4), New Construction - Market Rate, Acquisition No. of Elevators 1 Elevator Statutory Limits Number of Stories 3 Davis Bacon Wages: Residential Low -Rise MAXIMUM MORTGAGE 63,686,200 Application Amount 63,686,200 Debt Service Mortgage 85% of D.S. 74,227,700 Replacement Cost Mort. 85% of Cost 63,686,200 Sec. 202 Prepayment - Existing Debt Service Limit Does Not Apply Sec. 231 Rehab Value Test. Does Not Apply Statutory Limits Mortgage 84,182,900 Construction & Permanent Loan Assumptions Interest Rate 3.75% M1P 0.25% Permanent Loan Term - Months (Fully Amortizing, No Balloon) 480 Mortgage Constant 0.050803 Construction Period (Months) 20 Cost Certification Period (Months) 2 Total Construction & Cost Cert. 22 Cash Flow Recap Underwritten Net Operating Income (NOI) 4,436,469 Add: PILOT Savings 0 Add: Other CF Savings 0 Total Income 4,436,469 Debt Service Mortgage Amt. Annual D.S. Ground Rent, Yr 1 N/A 0 Base Mortgage (A) 63,686,200 3,235,458 PILOT Mortgage (B) 0 0 Other CF Mortgage (C) 0 0 Total Debt Service 63,686,200 3,235,458 Cash Flow after Debt Service 1.3712 1,201,012 Up -Front Costs* re -Closing) Borrower's Out -of -Pocket Financing Related Expenses Underwritten 3rd Party Reports (Appraisal, Market Study, Environmental, A&E Review) 29,000 ALTA Survey 75,000 FHA Application Fee 1/2 Due at Pre-App, 1/2 Due at Firm 191,059 AGM Retainer (paid upon engagement) 5,000 Rate Lock Deposit (50 bps with HUD Commitment, Refundable at Closing) 318,431 Total Up -Front Costs for Loan* 618,490 * Additional Costs may include Architect Fees Building Permits Recording Costs etc. Mr. Traies Roe Fairway Meadows Page 8 of 8 June 7, 2020 SOURCES Summary of Construction & Permanent Sources Underwritten HUD First Mortgage 63,686,200 Low Income Housing Tax Credits (LIHTC) 0 Historic Tax Credits (HTC) 0 Existing Reserves 0 Grants & Loans 10,000,000 Interim Income 0 Developer's Initial Cash Equity 3,065,733 Deferred Developer's Fee 1,387,086 CONSTRUCTION SOURCES 78,139,019 Less: Escrow Refunds 3,760,745 PERMANENT SOURCES 74,378,275 USES Summary of Development & Financing Budget Underwritten Hard Costs (excl. Builder's Profit, below) 55,384,789 FF&E 0 Architect/Engineering Fees 800,000 Other Fees 3,131,398 Construction Period Interest 3,621,378 Contingency (Rehab Only) 0 Offsite Costs 0 Taxes, Insurance, Title & Recording 1,755,410 FHA MIP 0.50% 318,431 FHA Exam Fee 0.30% 191,059 FHA Inspection Fee 0.50% 318,431 AGM Financing Fee 0.50% 318,431 GNMA Fees 13,600 Lender Legal - combined 43,500 Contingency/Buydown 0 Borrower Legal, Organization & Audit 370,000 Third Party Fees (Appraisal, Mkt Study, Environmental, etc.) 29,000 Relocation Costs (Rehab Only) 0 If Ground Lease: Constr. Ground Rent 0 Developer Fee - Mortgageable, if Applicable 0 Total Acquisition Costs 2,000,000 Subtotal HUD Mortgageable Costs 68,295,428 Developer's Fee - Non mortgageable 1,387,086 Builder's Profit (if BSPRA) 2,904,211 Bond Issuer's Operating Reserve 0 Additional Non -mortgageable Costs 578,254 Final Endorsement - Operating Escrows 0 Subtotal All Costs before Escrows 73,164,978 Escrows HUD Operating Deficit (LOC or Cash) 9 months 2,426,593 HUD Working Capital/Contingency (LOC or Cash) 4.00% 2,547,448 HUD Initial Deposit to Replacement Reserves 0 HUD Offsite Costs (New Construction Only) 0 HUD Demolition (LOC or Cash) 0 HUD Commercial Space T.I. (over Base) 0 HUD Other HUD Escrow 0 Total Non -HUD Escrows 0 Total Project Escrows 4,974,041 TOTAL PROJECT COSTS & ESCROWS 78,139.019 IIA DOMINILJM To: The Board of County Commissioners 3299 Tamiami Trail East, Suite 303 Naples, FL 34112 Mr. Steven Kirk President Rural Neighborhoods POB 343529 Florida City, FL 33034 Re: Collier County Golden Gate Golf Course Dear Commissioners and Mr. Kirk: Dominium is among the nation's largest and most innovative affordable housing development and management companies with more than 30,000 apartments in 21 states. By 2025, our firm expects to be the pre-eminent private developer, owner and property manager of affordable housing. Our principals strive to make a positive difference in the cities and neighborhoods we call home. Through our Dominium Pro Bono Program, we leverage more than 45 years of development experience to provide free support to valuable community initiatives that address critical housing challenges. Since the inception of the pro bono program, we have completed over $75 million worth of projects to support nonprofit developers working to address housing issues and other important community priorities across the country, and we have another $175 million in the pipeline. Rural Neighborhoods is a current pro Bono partner to whom we donate time and expertise. They are a charitable partner and local leader that shares our vision for quality housing for all. Today Dominium is assisting Rural Neighborhoods and the City of Gainesville with Deer Creek Senior Housing. Through that transformative work, our collaboration will create 62 mid -rise, senior apartments on an exemplary site adjacent to the Alachua County Senior Center, Northside Park, and Farmers Market. Rural Neighborhoods vision for the Golden Gate Golf Course is both exciting and feasible. The generous financial commitment made by the Community Foundation of Collier County and Richard M. Schulze Family Foundation are unprecedented. Dominium pledges to donate our time and expertise to this valuable community project through our pro bono program. For our principals, it offers an opportunity to serve, not to profit. Our firm expects to donate more than 4,800 hours over 36 months assisting this important development. Our pro bono initiative offers a full range of development 2905 Northwest Blvd, Suite 150 1 Plymouth, MN 55441 1 Corporate 763-354-5500 1 Web dominiumapartments.com 11A services including environmental due diligence, architectural design, financial analysis, credit underwriting, construction pricing, and construction management. Our services do not end until there is a stabilized property that is fully leased. It is our goal to bring market -rate development sensibilities to this important project that will house essential workers throughout Collier County. Please visit our website at dominiumapartments.com to see more of who Dominium is as a company. We have also included our brochure for your convenience. Sincer y, Jeff Huggett Vice President and Project Partner Dominium 2905 Northwest Blvd Suite 150 Plymouth, MN 55441 2905 Northwest Blvd, Suite 150 1 Plymouth, MN 55441 1 Corporate 763-354-5500 1 Web dominiumapartments.com D 0 M IN I U M PRO BONO DEVELOPMENT EFFORTS DOROTHY DAY - ST. PAUL, MN •� i.l ` t if•� C go r NORMFos•-__y: .F s What we do hits H 0 M E. 1 1 A i3 FIRST PRO BONO DEVELOPMENT: Dorothy Day Residence & St. Paul Opportunity Center Worked 24 Months I Over 4,300 Development Hours yp�ll 1Wf'1W i. `# yb -..w- �J. _ z • $75m Development • Sponsored by Catholic Charities • 177 permanent supportive housing units • Opportunity Center (60,000 square feet) providing over 200,000 meals per year, healthcare, dental care, and employment counseling • Complicated financing structure WHAT WE HOPE TO ACCOMPLISH • Meaningful Development/Re-development in communities we serve • Positive public relations for Dominium & its partners • New models that will help affordable housing industry CRITERIA TO KEEP IN MIND • Would prefer projects especially in the red highlighted states below: Anywhere in MN, CO, TN, TX, FL, GA, & MO I I A �x 11A COPPER COVE - TOLLESON, AZ WHISTLER'S GREEN - NAPLES, FL ADDITIONAL CRITERIA • Projects should be substantial in size & benefit many • Sponsors should be well -regarded in their communities • Sponsors should be open to providing positive PR to Dominium CROWNE FOREST - EAST MOLINE, IL CERTAIN CRITERIA TRUMPS ALL AFOREMENTIONED CRITERIA: • Projects that provide a new model for our industry, or would garner national attention • Projects that would be transformational for a community • Projects that are very important to our financial partners DOMINIUM HAS EXPERIENCE WITH MANY FINANCING PROGRAMS INCLUDING: • Low Income Housing Tax Credits (State & Federal) • Historic Tax Credits (State & Federal) • New Market Tax Credits • Private Activity Bonds • General Obligation Bonds • HOME • CDBG • TIF/Tax Abatement • A myriad of state & local financing programs it 3 I I A PARK AT MT. ZION - JONESBORO, GA PRO BONO CURRENT PROJECT LIST: • DOROTHY DAY RESIDENCE & ST. PAUL OPPORTUNITY CENTER Catholic Charities St. Paul, MN Service Space: 60,000 square feet 177 Units $75,000,000 CASTILIAN - ORLANDO, FL • EXODUS 2.0 Catholic Charities Minneapolis, MN Service Space: 25,000 square feet 203 Units $62,000,000 • THE COMMONS (Phase 1 & 2) Homeward Pikes Peak Colorado Springs, CO 120 Units , $35,000,000 • DEER CREEK SENIOR HOUSING Rural Neighborhoods Gainesville, FL 62 Units $16,000,000 • WAYSIDE RECOVERY CENTER Wayside Recovery St. Louis Park, MN Service Space: 50,000 square feet 50 Units $30,000,000 • AMERICAN INDIAN COMMUNITY HOUSING ORGANIZATION American Indian Community Housing Organization Duluth, MN 50 Units $13,000,000 TOTAL UNITS: 662 TOTAL SERVICE SPACE: 135,000 Square Feet TOTAL DEVELOPMENT COST: $231,000,000 Alf 4 I I A DOMINIUM GIVES is part of a multi -pronged strategy of giving back to our communities and the affordable housing industry Through DOMINIUM GIVES we contribute time, expertise, and charitable donations to support the communities we serve. Donates Through the DOMINIUM FOUNDATION t we donate more than $1 million a year to community organizations that build stronger families and neighborhoods. Builds Through the DOMINIUM PRO BONO PROGRAM, we provide free development services to non-profit organizations that are addressing critical housing challenges. Through this program, 10% of our development efforts are provided free of charge. Assists Our employees take care of their communities and we take care of our employees. We created the DOMINIUM EMPLOYEE EMERGENCY FUND to assist employees in times of dire need. Volunteers . 4 The DOMINIUM VOLUNTEER PROGRAM matches company resources with employee passion. Each year, Dominium employees volunteer thousands of hours to important causes in their local communities. 4 I I A n RIVER NORTH - COON RAPIDS, MN 4DOMINIUM WHO ARE WE? • Founded in 1972 • A Minneapolis -based owner, developer, and manager of apartment communities nationwide. • Over 29,000 owned and/or managed homes at 220 sites in 22 states • 1,000 employees • House over 50,000 people What we do hits HOME. FOR MORE INFORMATION ON PRO BONO, CONTACT: Jeff Huggett (763) 354-5605 1 jhuggett@dominiuminc.com 2905 Northwest Blvd Suite 150 Plymouth, MN 55441 DOMINIUMAPARTMENTS.COM W& SILVER. GLEN - HOUSTON, TX AV IIA COMMUNITY HOUSING PARTNERS June 8"', 2020 Mr. Steven Kirk President Rural Neighborhoods Post Office Box 343529 Florida City, FL 33034 Re: Golden Gate Golf Course Senior, Veterans and Essential Workforce Housing Dear Mr. Kirk: Thank you for the opportunity to review Rural Neighborhoods' proposed housing initiative at the Golden Gate Golf Course. Community Housing Partners (CHP) stands ready to partner with the Richard M. Schulze Family Foundation, Community Foundation of Collier County, local government and your company, should we be asked to do so in the course of implementing this model rental community. Together with Rural Neighborhoods, CHP is poised to serve in a contributory role ranging from co -developer to joint venture partner— sharing responsibilities for construction, operating deficit and tax credit guarantees; sourcing debt and equity capital and providing development expertise. The capital contributions of the local foundations in this project offer a unique prototype that we believe to be a replicable model. Their commitment brings together an exceptional collaboration. CHP is among the nation's largest nonprofit housing organizations. Our financial strength has grown to $535,922,806 in total assets including $216,330,254 in total net assets and $16,901,627 in cash and cash equivalents. Our most recent December 31 St, 2019 audited financial statements are attached. In reviewing the project financial pro forma provided, we believe CHP and RN will readily meet lender and investor requirements for both experience and guarantees. Indeed, CHP today is guiding the development of a similarly sized project — the $72,000,00 279 unit -North Hill apartment community located in Fairfax County, Virginia. CHP has provided housing preservation and development services since 1984. Our multi -state portfolio consists of more than 100 rental communities totaling approximately 6,229 multifamily units serving families, older adults and persons with special needs. Our development accomplishments resulted in our selection for the John D. and Catherine T. MacArthur Foundation's Affordable Housing Preservation Initiative, acceptance as a chartered member in 11A NeighborWork's America and selection as one of 13 members of the Stewards of Affordable Housing for the Future collaborative of exemplary multi -state nonprofit affordable housing providers. I look forward to Rural Neighborhoods potential selection by the Board of County Commissioners on June 9tn Sincerely �avcl s h kLtz David Schultz Senior Vice President IIA David Corban architects, plic DCa is a Naples based Architecture firm providing full architectural services to the public and private sectors. The firm's work is marked by its thoughtful detailing and careful response to the Florida environment. With a twenty-first century take on Florida Architecture, DCa provides clients in Southwest Florida with an architecture unique to its environment. Mr. Corban has been at the forefront of the design community in Florida, winning more than 20 awards from the American Institute of Architects at the state and local levels. • In May, 2020, the Florida/Caribbean Association of the American Institute of Architects selected DCa's design for Celebration Park for its top award for New Work. • In January 2020, Mr. Corban was part of the Naples 100, the inaugural Naples Illustrated list of Collier County's most influential business leaders. • In July of 2019, Celebration Park was featured in Metal Architecture Magazine as one of 8 design award winners recognized world-wide for excellence in design. • Because of the firm's dedication to the missions of non-profit clients, Mr. Corban was recently named Citizen Architect by the Florida Association of the American Institute of Architects. • In 2015 we were honored to receive the Audrey Nelson Community Development Award at the winter meeting of the National Community Development Association in Washington, DC for our design of the Immokalee Zocalo • In 2012, as part of the Florida Association of the American Institute of Architects 100th anniversary, Mr. Corban's Home, Haldeman Creek House was selected by his peers as one of the best buildings in Florida in the last 100 years. David is a graduate of the School of Architecture at Mississippi State University where he studied under Samuel Mockbee, founder of the Rural Studio and Recipient of the AIA Gold Medal. He is a member of the American Institute of Architects and is licensed by the state of Florida and the National Council of Architectural Registration Board. He is also a LEED Accredited Professional (Leadership in Energy and Environmental Design). He has been practicing Architecture in Collier County for 23 years. DCa has been an industry leader in Southwest Florida in sustainable and resilient design. Grace Place for Children and Families is set to be SW Florida's first LEED Gold campus. The Lutgert professional Center, slated for completion in 2020 will be one of Collier County's only LEED gold commercial structures. DCa has a staff of five professionals including four Architects licensed in Florida. AREAS OF PRACTICE • Traditional Architectural Services • Master Planning/Land Planning • Interior Architecture • LEED Certified Building Design CURRENT PROJECTS OF NOTE • Shelly Stayer Shelter for Domestic Violence and Human Trafficking • Bayshore Wine and Entertainment Venue • Guadalupe Center Van Otterloo Campus • Covenant Church of Naples • Lutgert Professional Center - 45,000 sf Office Building • Northern Jet Services • CCPS Transportation Facility • Fakahatchee Strand Preserve State Park 11A AWARDS AND PUBLICATIONS ' • 2020 AIA Florida/Caribbean Honor Award -Celebration Park • 2019 "Best of the Gulfshore - Best Invention" Gulfshore Life Magazine Celebration Park • 2019 "Neighborhood Gathering Space" Metal Architecture Magazine Annual Design Awards - Celebration Park • 2019 AIA Florida Southwest Honor Award - Celebration Park • 2019 AIA Florida Southwest Merit Award - Grace Place for Children and Families • 2018 AIA Florida Southwest Honor Award - Holocaust Museum and Education Ctr. • 2018 AIA Florida Southwest Merit Award - Lutgert Professional Center • 2018 AIA Florida Southwest Honor Award - Judy Sullivan Family Resource Center • 2017 AIA Florida Southwest Merit Award - La Mer Common areas • 2017 AIA Florida Southwest Merit Award - 2400 Building • 2016 AIA Florida Southwest Honor Award - Fakahatchee State Preserve • 2016 AIA Florida Southwest Merit Award - Ridge Drive Residence • 2015 National Community Development Association - Audrey Nelson Community Development Award, Immokalee Zocalo • 2015 "A Modern Get Away" Gulfshore Life Magazine • 2015 "Sunshine State Sustainability-Work of David Corban Architect" American Builders Quarterly • 2014 SW FL AIA Excellence in Architecture, Broad Court Residence • 2014 SW FL AIA Excellence in Architecture, Immokalee Zocalo • 2013 "Architect's Homes" Gulfshore Life Magazine Haldeman Creek House • 2012 AIA Florida 100 places - 100 years a top 100 place. Haldeman Creek House • 2012 Haldeman Creek House - WINK TV, NBC 2, Naples Daily News, Florida Weekly, News Press • 2011 "Best Buildings in Southwest Florida" The News Press May 28, 2011 • 2010 "Five Who Make a Difference" Gulfshore Life Magazine July 2010 issue • 2010 "Naples Botanical Garden" Landscape Architecture Cover article • 2009 "Fine Designs" Florida Weekly Cover Article Haldeman Creek House • 2007 SW FL AIA Excellence in Architecture Design Award Haldeman Creek House • 2007 SW FL AIA Design Award The Docks on Fifth Marina • 2005 "Modern Masterworks" Gulfshore Life Magazine Photo Layout featuring Trudy Labell Fine Art • 2001 Florida AIA Design Award Cambier Park Band Shell CIVIC/ACADEMIC INVOLVEMENT • 2020 "Naples 100" - Naples Illustrated Inaugural list of Collier County's Most Influential Business Leaders • 2019 Citizen Architect - Florida Association of the American Institute of Architects • Board of Directors 2017-2018 - Florida Association of the American Institute of Architects • Board of Directors - Naples Players Theatre (Facilities Chair, Long Range Planning Committee) • Past President of Southwest Florida Chapter of the American Institute of Architects • Leadership Collier Class of 2010 • Board of Directors - Naples Community Sailing Center • Economic Recovery Task Force Team Member; Group backed by Board of County Commissioners to spur growth in Collier County and streamline the County permitting process • Chairman - Collier County Citizens Advisory Task Force • AIA 150 Blueprint for Southwest Florida - Panelist • Board of Directors (past member) - Collier County Historical Society • Old Naples Preservation Task Force Member. Sponsored by Naples City Council to develop design standards for new construction in Olde Naples • Guest Juror - Mississippi State University, University of Florida and Florida International University Schools of Architecture • Mississippi State University - 25th Anniversary Alumni Exhibit, February 1999 sf *i0D_ grace place for children and families CAMPUS This project is an expansion of an independent Neighborhood Center focused on breaking the cycle of poverty by teaching literacy, language, and life skills to children and families at risk in Collier County, FL. Currently our client enrolls 800 students and parents each week in three major areas: Bright Beginnings - Teaching parents to teach their children Cradle to College - After school and summer learning for preschool through high school students Adult Education - English, citizenship, financial literacy DCa has been assisting Grace Place since 2009 with the expansion of this growing non -profit's mission to provide services to Golden Gate community. AIAAFlorida Southwest = MERIT AWARD FOR DESIGN EXCELLENCE VP site plan It 1,.Z 4t* 11 1 - f �1 ,' op PA 0P 40 0P 40 PROJECT EXPERIENCE I I A LOCATION Golden Gate City, Florida Completed in January 2019 CLIENT Grace Place for Children and Families Contact - Dave Tobiasz - 239.234.2407 PROJECT SIZE 37,000 sf PROJECT SCOPE *New 4.5 acre campus Master -plan *12 Classrooms & Administration Areas *New Welcome Center for clients and volunteers *New Family Resource Center, computer lab & music and art labs. *New parking and storm -water retention system * Food Pantry & multi -purpose building. *Play Fields and organic garden COST $11,000,000.00 SITE PLAN LEGEND l .parent parking 2. family resource center 3. bright beginnings 4. mcnamara learning center 5. van domelen learning center b. playground 7. renovated chapel 8. jilk multi -purpose building 9., 10., 1]. outdoor activities 12. staff parking A .U-& grace place for children and families CLASSROOM BUILDINGS 4 u 11 ij SEED GRACE PLACE IS A LEED CAMPUS AND LEED GOLD CERTIFIED NNW . 0 1 J � �' if PROJECT EXPERIENCE W A NMI' -y view of dassrg L d i� grace place for children and families BRIGHT BEGINNINGS/FAMILY RESOURCE CENTER F11W PROJECT EXPERIENCE grace place for children and families 114 JILK BUILDING FLOOR PLAN LEGEND: 1. GYMNASIUM 2. FOOD PANTRY 3. SERVICE YARD / RECEIVING 4. SPORTS GEAR 5. OFFICE 10 6. RESTROOMS 7. MUSIC STUDIO S 8. ART STUDIO 9. STORAGE 10. COVERED WALKWAY 10 8 7 6 1 9 � 2 PROJECT EXPERIENCE k w, �, i shelly stayer shelter - immokalee for victims of human trafficking and domestic violence completed in 2020 The �' S -'EIS FOR ABUSED WOMEN S CHILDREN Shelly Stayer Shelter For Victims of Human Trafficking and Domestic Violence 1 yF FIRM EXPERIENCE rO m- 7V - _ i view of sceurity area Center for Manufacturing Excellence COLLIER COUNTY PUBLIC SCHOOLS CME is an extension of ]TECH in Immokalee and provides a place for recent high school graduates to train on sophisticated manufacturing equipment in preparation for careers in industry. The project represents a rare Collier County Public School project located on private property. The project is located in Golden Gate City. LOCATION Naples, Florida Completed in 2020 CLIENT Collier County Public Schools PROJECT SIZE 4,400 sf PROJECT SCOPE training shop, classroom, administration COST $700,000.00 IIA FIRM EXPERIENCE Guadalupe Center van Otterloo Campus for Learning i I A site plan legend 1. tutor corps 2. administration/lobby / 3. cafeteria - - 4. library 5.0-2 year olds 6. playground 1 7.2-3 year olds 8.4-5 year olds n - 9. playground 10. future expansion L 2� - --- - LOCATION Immokalee, Florida _ Compleition in 2021 CLIENTS Z-r Guadalupe Center j �- PROJECT SIZE 35,000 sf PROJECT SCOPE a tutor corps - mentoring room, study I 9 lounge, offices 44 school - 12 classrooms, expandable to 24, cafeteria, library, art, music, playgrounds -� COST 11 $10.5 million 10 f] E 11 Guadalupe Center van Otterloo Campus for Learning1 A p.. courtyard FIRM EXPERIENCE i1A lutgert professional center We maximized leasable area by locating 3 levels of parking below the east wing of the building. The west wing facing US 41 has 4 floors of leasable space. We avoided using two banks of elevators by connecting the 2nd and 3rd floors of the parking deck to the circulation core with pedestrian ramps High performance glazing and solar shading allow us to provide our client with a glass facade while minimizing energy costs and reducing glare. This project is slated for LEED Gold certification. LOCATION Naples, Florida Completion 2020 CLIENT The Lutgert Companies PROJECT SIZE 4 story, 60,000 sf Class A Office Center structured parking for 77 cars COST $12 million SITE PLAN LEGEND 1. customer entry 6. ped. connection 2. employee entry 7. rain garden 3. customer parking 8. sculpture 4. employee parking 9. parking deck above 5. ground floor retail Florida Soutl, lest Honor Award I site plan CASTELLO DR ti 11A Estero Bayside is a 46 unit condominium development on Ft. Myers Beach. The project is spread across two 6-story buildings. All units at Estero Bayside are 3 bedrooms. Corner units are 1,900 sf and interior units are 1,300 sf in area. David Corban completed this project as qualifying and principal architect at Architectural Network. AMENITIES Clubhouse Pool Private storage Structured parking LOCATION Fort Myers Beach, FL CONTRACTOR D. Garrett Construction COMPLETION 2007 ARCH,7CiU?F/'1AN,N"NG/5,'S'AfNAF: r' Sunset Cove 36 unit, 7 story condominium development on Marco Island. The units are 2 and 3 bedrooms David Corban completed this project as qualifying and principal architect at Architectural Network. AMENITIES Clubroom Restaurant Fitness facility Pool Private storage Structured parking LOCATION Marco Island, FL CONTRACTOR Kraft Construction COMPLETION 2006 I1A ARCH rCPZ'RE/ !A%1%ING/S,)STArNAP1,F1V naples bay resort Naples Bay Resort combines residential, commercial, hotel, marina and restaurant into a single project. Mr. Corban led the team of architects, landscape architects, engineers, attorneys and various consultants to secure entitlements from the city of Naples. The most difficult and rewarding process was working to get City of Naples Staff, volunteer board members and elected officials to buy into our vision for the site. The process also included the annexation of 15 acres into the City of Naples. Completed in 2007. During the entitlement process, Mr. Corban met with and satisfied the needs of over a dozen different stakeholders LOCATION Naples, FL CLIENT Antaramian Development COMPONENTS 24 acres 140 residential units 90 Hotel units 32,000 sf Commercial 100 slip Marina Yacht Club I1A !IA 44bv NAPLES BAY RESORT 10j" ho'l 9 t David Corban was involved with Aldea from initial inception. It is a residential and commercial mixed use development in south Lee County. Aldea is designed to be a walkable community. As much parking as possible is placed underground and out of site. We worked closely with Johnson Engineering on Aldea. The project is currently in Lee County Planning awaiting final approval. Services provided: - Master Planning - Writing of Development Standards - Conceptual Architectural Design LOCATION Ft. Myers, FL CLIENT Royal Palm Communities PROJECT SIZE 47 acres COMPONENTS 580 residential units 106,000 sf of commercial area 450 space parking structure David Corban completed this project as principal and qualifying architect at AN[ aldea _- «�/ S •`tics, (b ALDEA IIA IIA DABILITY HOUSINC Housing for Essential Service Personnel, Seniors and Veterans Housing & Land Development Component at the Former Colden Cate Colf Course ITN Solicitation No. 20-7698 Presentation to Collier County Board of County Commissioners Tuesday, June 9, 2020 11A Staff have been working with Collier County stakeholders since 2018 to develop strategies to increase supply of housing Will use understanding of community's need to develop housing for Essential Service Personnel, Seniors and Veterans Create high quality housing that "fits" its neighborhood, remains, and maintains mission focus to serve the community ABILITY HOUSING, INC. Project concept was developed based upon information in ITN: 20-30 acres to build 200- 400 apartments. Will be amended once exact site dedicated to housing is identified Project concept will be refined with input from the County • Design • Amenities • Unit mix • Target ESP • Rents Project will be operated to benefit the community, neighborhood and residents Long term investment and stewardship of the property business plan & approach I I A ------------- ABILITY HOUSING, INC. Village. - 11A Requested Terms: • County • donates land • rezones property • provides expedited permitting/approvals • considers waiving impact fees • consider TIF (if possible) to fund entire site • No County funding required • Enter deed restriction to serve intended populations - - - - ----------------------------------------------------------------------------------------------------------------------------------------------------- business plan & approach ABILITY HOUSING, INC. a� U a� 0 T D E E 0 0 I I A Create housing so those who work in Collier ► County can live in Collier County Create housing for i seniors and veterans ABILITY HOUSING, INC. Proposed Project OR _' ' fhb Al w (PLAT HAG/ Fa7 I (PPLAT AGESPLAT BOOK 1 G4) €JI R _ N Q§ q w R y ... TRACT 'A" i PROPOSED .� - (PLAT BOOR s. o _- --_. POND/BUFFER PAGESBo-sal g 1., s A I 9 P/00I�5 POTENTIAL ACCESS DRIVE (TYP.) N I /b R,oAb cwoyeeC = 359 r LESS AND EXCEPT; a, 1131, PAGE 1233) sSbm a -Z .SP. /1" YN/7'3 � EXISTING �-----... — fd X2 --Z6 vv?o EASEMENT MATCHLINE PAGE 3 MATCHLINE PAGE 4� /// PAR ONE HOMEOWNERS ' ASSOCIATION. INC. Site Plan Developed By: (NOT PART OF THIS SURVEY) R Stantec GOLDEN GATE CONCEPTUAL PLAN ---------------------------------------------------------------------------------------------------------------------------------- ---------------- community objectives ABIL 11A ITY HOUSING. INC. ■ Florida Green Building Coalition Standards ■ Gated Community ■ Energy Star Appliances ■ Wired for High Speed Internet ■ Clubroom and community spaces ■ Pool ■ Fitness Equipment ■ Walking Trails community objectives L----- ------ 11A ABILITY HOUSING, INC. r I I A Unit Size Sq• Ft• # Units Rent 1-bedroom/1-bath 525 80 $880 2-bedroom/2-bath 900 70 $1,050 Unit Size Sq• Ft• # Units Rent 1-bedroom/1-bath 525 40 $1,175 2-bedroom/2-bath 900 87 $1,410 3-bedroom/2-bath 1,230 87 $1,620 i ' Unit mix, size and rents are preliminary and will be amended based upon County input Rents are affordable for entry-level and/or median salaries of registered nurses, firefighters and patrol officers; at these rents project will not require Housing Credits for financing ------------ ----------------------------------- community objectives ABILITY HOUSING, INC. aD C DL x 4) I I A Respected industry leader Asked by the state's Housing Finance Authority to replace for -profit developer in two Pasco County projects so projects would not have be to defunded Asked by all communities in which we build to do more Trusted and valued neighbor ABILITY HOUSINC. INC. Our Portfolio 1 Tag! U FMayfair Village Apartments 4r- 83-units; Jacksonville, Florida T r . Oakland Terrace Lz 60-units; Jacksonville, Florida r_ Village at Hyde Park 80-units; Jacksonville, Florida A Village on Mercy 166-units; Orlando, Florida Renaissance Village is , Villa:onWiley52-units; Jacksonville, Florida I, 43-ucksonville, Florida I � 11A History of Partnerina with Communit Ability Housing has a track record of undertaking projects identified as community priorities Village on Mercy was built in partnership with City of Orlando to address their priority community needs and fulfill neighborhood vision ----------------------------------- experience ABILITY HOUSING. INC. Renaissance Village was identified by City of Jacksonville as priority community revitalization project ;h � Jh. P � �ii, I Renaissance Vill•I' • --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- experience ABILITY HOUSING, INC. _a -1 _1 .) ,J _1 rl _) _I) A J _1 A _1 _1 ,.) _ l I I I I I 1 I I I r" (" f- r I I I I I I I I I I �r 1tuua I I A Ability Housing is a financially sound corporation with proven ability to finance apartment communities Have letter of support from Community Foundation of Collier County, pledging $10, 000, 000 to support the project ABILITY HOUSING, INC. 11A Recent work - 2019/20: • Seven projects in development • Total value: $93,420,908 financial capability ABILITY HOUSINC, INC. Aa 4- 0 0 U 4- U Entrepreneurial Production Oriented Development Organization with Mission Focus 11A Greg Matovina Board Chair �0.k� • Over 35 years of experience; founder of Matovina & Company; has been involved in the development of over 15,000 home sites. • Past President of Florida Home Builders Association in 2018; on board of National Home Builders Association. • Received numerous awards for support of affordable housing • Matovina and Company developed a premier waterfront community on Fleming Island. • Greg has served on the board of Ability Housing since 2006 and is the current board chair. qualifications of firm 11a Shannon Nazworth President & CEO _r • Over 20 years' experience in the development of affordable housing • Leads Ability Housing's strategic plan to develop housing throughout Florida; creating housing others don't develop • Hands on leader of property development; increasing portfolio size >2,000%. • Gubernatorial appointee to Affordable Housing Task Force • State of Florida Council on Homelessness, Chair 2007- present. • Secured and managed over 200 million in financing for housing ABILITY HOUSINC, INC. 11A Experienced multi -family developer with mission focus to: ❑ Meet the need — develop the housing the market can't or won't create ❑ Long-term investment — objective is to own and manage for the benefit of the community ❑ Triple bottom line: ❑ Maintain physical asset ❑ Meet financial objectives ❑ Improve quality of life of community and residents qualifications of firm ABILITY HOUSING, INC. mow/' �` �y •e'er-,� +Y 7h :ram —za., ~��-..__a. - �y - -, !7 • ,tAf - •f - .'�� i A#low. `,ov �r i t,� t} -i ,r�j,��,�yy''� irj • �'� y,.'� v; �tiN- .- - � r:. �itj � ..ems. r3Y•:.. - - .. _ x - - 41ii - 1' yak • Yia i cn c 0 CD =t C � -0 = o m D o S_-°-, n corn M,;;a . 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