Full Text
AGENDA BILL Agenda Item No. 5(E) Date: April 7, 2015 To: El Cerrito City Council From: Hilde Myall, Housing Program Manager Melanie Mintz, Interim Community Development Director Yvetteh Ortiz, Public Works Director Subject: Joint Application with Eden Housing for State Affordable Housing & Sustainable Communities Program Funds for the El Cerrito Senior Mixed Use Apartments Transit-Oriented Development Project ACTION REQUESTED Adopt a resolution approving and authorizing the City as co-applicant with Eden Housing, Inc. to apply for Affordable Housing & Sustainable Communities Program funds for the El Cerrito Senior Mixed Use Apartments Transit-Oriented Development Project. BACKGROUND On April 22, 2014 the City Council approved a Disposition, Development and Loan Agreement (DDLA) with Eden Housing, Inc. for the proposed mixed-use affordable senior housing project at 10848-10860 San Pablo Avenue. As part of the project financing, Eden Housing, Inc. proposes to apply jointly with the City for State Affordable Housing & Sustainable Communities (AHSC) Program funds from the Strategic Growth Council (SGC) and the California Department of Housing and Community Development (HCD) in an amount not to exceed $6,923,351. Under the AHSC Program Guidelines, projects within the City’s San Pablo Avenue Priority Development Area (PDA) must apply under the AHSC Transit-Oriented Development (TOD) category. Eligible projects must include both an affordable housing component and a transportation infrastructure project component. In addition, the project may include housing- related infrastructure or planning and programs costs that contribute to greenhouse gas emission reductions for the project. In February 2015, City staff and Eden Housing prepared a joint Conceptual Application for AHSC Programs funds (Attachment 2) for a TOD Project that included the Eden Senior Housing Project as the Housing Development Project, a transit pass program for housing development residents, and the Ohlone Greenway Wayfinding Signage Improvements as the Transportation Infrastructure Project (collectively the El Cerrito Senior Mixed Use Apartments TOD Project). On March 16, 2015, Eden Housing and the City received an invitation from HCD and SGC to submit a Full AHSC Application for the El Cerrito Senior Mixed Use Apartments TOD Project TOD Project). The following table summarizes the TOD Project funding request as submitted in the Conceptual Application. ---PAGE BREAK--- Agenda Item No. 5(E) Page 2 Table 1 – AHSC Funding Request El Cerrito Senior Mixed Use Apartment TOD Project Preparation of the Full AHSC Application will involve providing additional documentation regarding the TOD Project’s consistency with the Bay Area’s Strategic Growth Strategy, refinement of the Housing Development Project and the Transportation Infrastructure Project scope and budget, and quantification of the greenhouse gas emission reduction potential of the project. STRATEGIC PLAN CONSIDERATIONS Approval of the proposed resolution and submittal of the application for AHSC Program funds is consistent with El Cerrito Strategic Plan Goal A – Deliver exemplary government services, Goal B – Achieve long-term financial sustainability, and Goal C – Deepen a sense of place and community identity. Specifically, approval of the submittal of the joint application for funds will support the “develop and strengthen relationships with public and private partners” strategy (Goal and the “explore opportunities for public/private partnerships” and “pursue opportunities for…outside grants” strategies (Goal The El Cerrito Senior Mixed Use Apartments TOD Project fulfills “re-imagining and reinvesting in underutilized properties” strategy (Goal The multi-year effort to develop the Eden Senior Housing Development demonstrates the City’s aim to work collaboratively with private non-profit partners and local, state and federal agencies to leverage the City’s investment in the project, preserve unique historic resources and help meet sustainability goals around transit-oriented development as well as General Plan Housing Element programs to assist in the development of affordable housing for seniors. ENVIRONMENTAL CONSIDERATIONS The application and potential award of AHSC funds is not a project under the California Environmental Quality Act (CEQA). Both the housing development component and the transportation infrastructure project component of the proposed El Cerrito Senior Mixed Use Apartments TOD Project have already been reviewed as required by CEQA. The housing component was reviewed under CEQA as part of the Eden Senior Housing Development project discretionary approvals, for which an Environmental Impact Report was certified. The transportation infrastructure project component received CEQA review as part of the adoption of the Ohlone Greenway Master Plan and associated Negative Declaration. AHSC Funding Categories FUNDING SOURCES Housing Development Project AHSC Loan City Land Donation & Loan Conventional Loan County HOME/CDBG +AHP State IIG + MHP GP Equity/ Deferred Dev Fee Investor Equity Eden Senior Housing $6,537,175 $3,325,000 $1,550,000 $1,395,000 $6,076,722 $1,373,454 $9,562,720 Housing-Related Infrastructure Project AHSC Grant - no AHSC funds requested - AHSC Grant Measure J Ohlone Greenway Wayfinding & Signage $363,496 $118,000 Planning & Programs AHSC Grant Eden Senior Housing Transit Pass Program $22,680 Transportation Related Infrastructure Project ---PAGE BREAK--- Agenda Item No. 5(E) FINANCIAL CONSIDERATIONS Any award of funds from the AHSC Program would be a combination of loan and grant funds. The housing development component of the project would receive a loan of AHSC Program funds. The transportation infrastructure component would receive a grant of AHSC funds. There is not a match requirement for these funds. Although HCD has not yet made available the form of the Standard Agreement, it is anticipated that HCD, the City and Eden Housing will jointly determine how issues of joint liability for the housing development loan will be addressed. Staff recommends that the City not incur any debt obligation as a result of receiving the housing development funds and structure the loan as a pass-through to Eden Housing, who would have the obligation for repayment of the loan. The City would incur some staff time in the administration of these funds. Staff time for project management of the Eden Housing project, including any administration associated with a potential award of these funds, is budgeted within the Low and Moderate Income Housing Asset Fund. LEGAL CONSIDERATIONS The City Attorney has reviewed this staff report and associated resolution. Reviewed by: Attachments: 1. City Council Resolution 2. AHSC Conceptual Application for the El Cerrito Senior Mixed Use Apartments TOD Project Page 3 ---PAGE BREAK--- Agenda Item No. 5(E) Attachment 1 RESOLUTION 2015-XX A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EL CERRITO AUTHORIZING A JOINT APPLICATION TO THE CALIFORNIA STATE DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT FOR FUNDING UNDER THE AFFORDABLE HOUSING AND SUSTAINABLE COMMUNITIES PROGRAM; AND THE EXECUTION OF A STANDARD AGREEMENT IF SELECTED FOR SUCH FUNDING AND ANY AMENDMENTS THERETO; AND ANY RELATED DOCUMENTS NECESSARY TO PARTICIPATE IN THE AFFORDABLE HOUSING AND SUSTAINABLE COMMUNITIES PROGRAM WHEREAS, the State of California, the Strategic Growth Council (SGC) and the Department of Housing and Community Development (Department) has issued a Notice of Funding Availability dated January 30, 2015 (NOFA), and amended as of March 19, 2015, under the Affordable Housing and Sustainable Communities Program (AHSC) established under Division 44, Part 1 of the Public Resources Code commencing with Section 75200; and WHEREAS, pursuant to City Council Resolution No. 2014-10, the City has entered into a Disposition, Development and Loan Agreement (DDLA) with Eden Housing, Inc. (Developer) pursuant to which the City will sell 10848 and 10860 San Pablo Avenue to the Developer and the Developer will develop a mixed use development consisting of 63 residential units and ground floor commercial, including 62 units of affordable rental housing with resident services for seniors, a medical clinic and the renovation of the Contra Costa Florist structure (Housing Project); and WHEREAS, the City of El Cerrito, a general law city, desires to apply, with the Developer for and receive an allocation of AHSC Program funds for a transit-oriented development project (TOD Project), which includes the Housing Project and bicycle and pedestrian transportation infrastructure improvements on the Ohlone Greenway, and submit the Application Package released by the Department for the AHSC Program; and WHEREAS, the SGC is authorized to approve funding allocations for the AHSC Program, subject to the terms and conditions of the NOFA, Program Guidelines, Application Package, and Standard Agreement. The Department is authorized to administer the approved funding allocations of the AHSC Program; and WHEREAS, the City wishes to submit a joint application with the Developer for AHSC Program funds in an amount not to exceed $6,923,351. NOW THEREFORE, BE IT RESOLVED by the City Council of the City of El Cerrito as follows: 1. The City is hereby authorized and directed to apply for and submit to the Department the AHSC Program Application as detailed in the NOFA dated January 30, 2015, and amended as of March 19, 2015, for the 2014-15 Fiscal Year in an amount not to exceed $6,923,351.00. If the application is approved, the City is hereby authorized and directed to enter into, execute, and deliver a State of California Standard Agreement (Standard Agreement) in an amount not to exceed $6,923,351.00, and any and all other documents required or deemed necessary or appropriate to secure the AHSC Program funds from the Department, and all amendments thereto (collectively, AHSC Program Documents). ---PAGE BREAK--- Agenda Item No. 5(E) Attachment 1 2. The City agrees that it shall be subject to the terms and conditions as specified in the Standard Agreement. Funds are to be used for allowable capital asset project expenditures to be identified in Exhibit A of the Standard Agreement. The application in full is incorporated as part of the Standard Agreement. Any and all activities funded, information provided, and timelines represented in the application are enforceable through the Standard Agreement. The City hereby agrees to use the funds for eligible capital asset(s) in the manner presented in the application as approved by the Department and in accordance with the NOFA and Program Guidelines and Application Package. The City may also execute any and all other instruments necessary or required by the Department for participation in the AHSC Program. 3. The City authorizes the City Manager to execute in the name of the City of El Cerrito the AHSC Program Application Package and the AHSC Program Documents as required by the Department for participation in the AHSC Program, and any amendments thereto. BE IT FURTHER RESOLVED that this Resolution shall become effective immediately upon passage and adoption. I CERTIFY that at a regular meeting on April 7, 2015 the City Council of the City of El Cerrito passed this Resolution by the following vote: AYES: COUNCILMEMBERS NOES: COUNCILMEMBERS ABSENT: COUNCILMEMBERS ABSTAIN: COUNCILMEMBERS IN WITNESS of this action, I sign this document and affix the corporate seal of the City of El Cerrito on April XX, 2015. Cheryl Morse, City Clerk APPROVED: Mark Friedman, Mayor ---PAGE BREAK--- Welcome Hilde Myall of City of El Cerrito. If not your Account, please log out. Help I Logout Main Menu > Application/Survey Preview Application/Survey Preview This is a preview of your application/survey. Please review and confirm the information is accurate before submitting the application/survey. FAAST will perform a check to verify whether required fields are completed and/or required attachments are uploaded. Once you have verified the information, please read the certification statement and enter your initials to submit the application/survey to the State Water Board. Note: To print the application, please use the “FILE PRINT” menu option on the browser. PIN 30368 - El Cerrito Senior Mixed Use Apartments - INVITED_BACK Application/Survey Preview RFP/Survey Title: Affordable Housing and Sustainable Communities Program FY 2014/15 NOFA Submitting Organization: Eden Housing, Inc. Submitting Organization Division: Project Title: El Cerrito Senior Mixed Use Apartments Project Description: The El Cerrito Senior Mixed-Use Apartments is a new construction 63 unit mixed-use senior affordable housing and TOD-infrastructure project within Midtown District of the El Cerrito's San Pablo Avenue Priority Development Area. The housing component will provide 100% affordable rents for 62 one-bedroom apartments to serve very low and low income seniors. There will be an on-site resident manager, a services coordinator, a community room with a kitchen, a computer room/library, an exercise room, laundry, bike storage and a resident courtyard with raised planter beds for resident gardening. 3,000sf of commercial space will house a clinic and a retail business. The infrastructure component will create bicycle and pedestrian wayfinding and amenities on the Ohlone Greenway, a multimodal pedestrian and bicycle path connecting the 2 El Cerrito BART stations to the existing and planned network of pedestrian and bicycle facilities within El Cerrito, Richmond, Albany and Berkeley. APPLICANT DETAILS Applicant Organization: Eden Housing, Inc. Applicant Organization Division: Applicant Address: 22645 Grand Street , Hayward , CA - 94541 PROJECT LOCATION Latitude : Longitude: Watershed: County: Contra Costa Page 1 of 11 Application/Survey Preview 3/30/2015 Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- Name: Division: Address: Federal Tax ID: Applicant Information Eden Housing, Inc. 22645 Grand Street Hayward, CA , 94541 231716750 DUNS Number: 058211947 Submitter Name: Submitter Phone: Submitter Fax: Submitter Email: Responsible Regional Water Board: State Wide Funding Program Applied Amount Recommended by State Water Board Affordable Housing and Sustainable Communities Program FY 2014/15 NOFA Yes $0.00 Project Management Role First Name Last Name Phone Fax Email Project Director: Authorized Representative LInda Mandolini 510-247- 8117 510-582- 0122 [EMAIL REDACTED] Project Manager: Day to day contact Woody Karp 510-247- 8119 510-582- 0122 [EMAIL REDACTED] Person Submitting Information Woody Karp [PHONE REDACTED] [PHONE REDACTED] [EMAIL REDACTED] Legislative Information Primary Additional District(s) Senate District 09 Assembly District 15 US Congressional District 11 Cooperating Entities Role Name Phone Email City of El Cerrito co-applicant Hilde Myall 510-215- 4358 [EMAIL REDACTED]- cerrito.ca.us Pre Submission Attachment Title Phase Submission Period Date & Time AHSC - Eden Identity of Interest form 2-17-15 PHASE1 PRE SUBMISSION 2/18/2015 1:11:47 PM City Funding Commitment - land and funding PHASE1 PRE SUBMISSION 2/18/2015 1:44:08 PM Concept Proposal Workbook PHASE1 PRE SUBMISSION 2/19/2015 10:38:28 AM Construction Loan Funding Commitment PHASE1 PRE SUBMISSION 2/18/2015 3:24:07 PM County HOME CDBG funding commitment PHASE1 PRE SUBMISSION 2/18/2015 3:23:06 PM Entitlement Approval- Planning Commission Resolution PHASE1 PRE SUBMISSION 2/18/2015 3:28:21 PM Environmental - NEPA - Authoriziation to Use Funds PHASE1 PRE SUBMISSION 2/18/2015 3:30:07 PM Environmental Approval CEQA - planning commission PHASE1 PRE SUBMISSION 2/18/2015 3:29:14 PM Environmental- Cap Project 2- neg dec PHASE1 Page 2 of 11 Application/Survey Preview 3/30/2015 Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- PRE SUBMISSION 2/18/2015 3:31:09 PM Equity Letter PHASE1 PRE SUBMISSION 2/18/2015 6:05:06 PM Funding Commitment- City Measure J Funds PHASE1 PRE SUBMISSION 2/18/2015 6:06:24 PM Funding Commitment- City Measure J Funds - back up PHASE1 PRE SUBMISSION 2/18/2015 6:07:30 PM Infill Infrastructure Grant Commitment PHASE1 PRE SUBMISSION 2/18/2015 3:25:18 PM Market Study PHASE1 PRE SUBMISSION 2/18/2015 3:32:18 PM Project Area Map PHASE1 PRE SUBMISSION 2/18/2015 3:21:23 PM Download all Pre Submission Attachments Questionnaire - Phase1 PROJECT OVERVIEW 1 Please describe the Project Area, including geographic boundaries or service areas. Application must include a map of the Project Area as an attachment (see item 18 below). Answer: The Project Area is located in the Midtown district of the El Cerrito's San Pablo Avenue Priority Development Area and includes the Eden Housing affordable housing development project site located at 10848 San Pablo Avenue, as well as the Ohlone Greenway and surrounding PDA up to Potrero Avenue to the north and extending to Moeser Lane to the south. 2 Please list the Project Area Census Tracts: Answer: 3870 project site; project area extends to 3860;3880;3830 3 Is the Project Area located within a MPO? If yes, please identify MPO below. Answer: l Yes Answer: Metropolitan Transportation Commission, serving the 9-county Bay Area 4 Project Area Type Please choose either Transit Oriented Development (TOD) Project Area or Integrated Connectivity Project Area (ICP) from the drop down below. Answer: l TOD Project Area 5 Transit Description Name or Location of Transit Station/Stop: Answer: AC transit Route- 72R- 12 minute headway 72(every32 minutes and 72M-every 30 minutes; additional bus lines 800; 667,668,LC,L 6 Peak Period Headway Frequency: Page 3 of 11 Application/Survey Preview 3/30/2015 Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- Answer: every 12 minutes 7 Mode of Transit Serving Transit Station/Stop: Answer: Bus rapid transit stop (72R line) located on San Pablo Avenue at Moeser Lane. 8 Project Description Please indicate the Project's proposed uses of AHSC Program funds. Check all of the following that apply: 1. Affordable Housing Development 2. Housing-Related Infrastructure 3. Transportation Related Infrastructure 4. Planning Implementation 5. Programs Answer: l 1 3 9 For each proposed Capital Project requesting AHSC Program funds, please provide the information requested below. If requesting funds for more than 3 Capital Projects, please complete the supplemental Capital Project Description form (see item 18 below). (Note: TOD Project Areas must include at least two Capital Projects and ICP Project Areas must include at least one Capital Project.) A) Capital Project #1 Name Answer: El Cerrito Senior Mixed Use Apartments Please list the assocated APN(s). Answer: 503-010-003-5; 503-010-014-2 Please select the type of Capital Project from the drop down. 1. Affordable Housing 2. Housing-Related Infrastructure 3. Transportation-Related Infrastructure Answer: l 1 Please enter a description of Capital Project #1 below. Answer: The El Cerrito Senior Mixed-Use Apartments (Housing Project) is a 63 mixed-use senior affordable housing community within El Cerrito's mid-town. Located on the transit-rich San Pablo Avenue and within ½ mile from the Del Norte BART station, it is a perfect TOD project for Cap and Trade funding. The housing component will provide 100% affordable rents for 62 one-bedroom apartments with rents restricted to serve very low and low income seniors. There will be an office for on-site resident manager, a services coordinator, a community room with a kitchen, a computer room/library, an exercise room, laundry facilities, bicycle storage and a resident courtyard with raised planter beds for resident gardening. Three thousand square feet of commercial space will house a physical therapy clinic and a retail business Page 4 of 11 Application/Survey Preview 3/30/2015 Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- (potentially a coffee shop). The most significant project amenity will be a "heritage" public plaza and preservation of a 900sf stone faced building as a historic resource. The building served as the Mabuchi family flower shop and was an integral part of the Japanese American cut flower industry that once thrived throughout Contra Costa County. The 2,710sf public plaza will activate pedestrian traffic as it tells the rich story of the Japanese American flower industry and the societal impact of the WWII internment camps. This high Density (65 units/acre) infill affordable housing development will reduce VMT as its future residents will be incentivized to use the convenient bus lines that run on San Pablo Avenue (rapid bus stop is less than 1/4 mile from site and other frequent bus lines stop one block from the site) to the Del Norte Shopping center which includes grocery stores, pharmacies, restaurants, banks) as well as the Del Norte BART station. B) Capital Project #2 Name Answer: Ohlone Greenway Pedestrian & Bicycle Wayfinding & Amenities Project Please list the assocated APN(s). Answer: The Ohlone Greenway, public right of way, between Potrero Ave and Moeser Lane, El Cerrito, CA. Please select the type of Capital Project from the drop down. 1. Affordable Housing 2. Housing-Related Infrastructure 3. Transportation-Related Infrastructure Answer: l 3 Please enter a description of Capital Project #2 below. Answer: The El Cerrito Ohlone Greenway is a 2.7-mile multi-use trail and Greenway that traverses the City of El Cerrito, underneath the elevated BART tracks, from the south to north City limits. The well-used Ohlone Greenway, which runs along the eastern edge of the San Pablo Avenue corridor, will be improved with a comprehensive wayfinding signage and bicycle and pedestrian amenities. This multimodal, Class I pedestrian and bicycle path connects the 2 El Cerrito BART stations to the existing and planned network of pedestrian and bicycle facilities within El Cerrito, Richmond, Albany and Berkeley. The Greenway serves as a valued linear open space that promotes multimodal connectivity and allows for a variety of recreational uses. The project scope include installation of signage, bicycle and pedestrian amenities along the Ohlone Greenway between Potrero Avenue and Moeser Lane consistent with the guidelines and prototype developed with the Ohlone Greenway Natural Area & Rain Garden Project, Ohlone Greenway Master Plan and West County Transit Enhancement & Wayfinding Plan. This comprehensive signage program will provide wayfinding, provide distances for cyclers and walkers, and bring a unique and uniform appearance to the Ohlone Greenway. Amenities include installation of bicycle racks, benches and trash/recycling containers. C) Capital Project #3 Name Page 5 of 11 Application/Survey Preview 3/30/2015 Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- Answer: Please list the assocated APN(s). Answer: Please select the type of Capital Project from the drop down. 1. Affordable Housing 2. Housing-Related Infrastructure 3. Transportation-Related Infrastructure Answer: l Please enter a description of Capital Project #3 below. Answer: 10 If requesting funds for Planning Costs, please describe the proposed use of funds. Planning costs are typicaly considered pre-development costs associated with the Capital Project. Describe the need, scope of work, and process. Answer: not requesting planning costs 11 If requesting funds for Program Costs, please describe program, including program objectives, population served, program activities, and operations headquarters. Answer: Program objectives include those outlined in Plan Bay Area Strategy for a Sustainable Region (The "Plan"), which serves as the Bay Area's Sustainable Communities Strategy. Plan Bay Area "charts a course for accommodating this growth while fostering an innovative, prosperous and competitive economy": providing Affordable housing to a variety of income levels, encourage walking and biking in a safe manner, preserve open space and agricultural preservation by being located within the urban footprint, reduce economic burdens to low income households, provide new jobs and serve as a stimulus for development of the broader are, improve the transit system and decrease auto vehicle miles traveled. The population served are the future low income senior residents of El Cerrito Senior Mixed Use Apartments. Program activities include a bus pass program for residential apartment (63) for three years to encourage the use of public transit while improving the health and economic well-being of residents and also improving pollution measures/reducing vehicle miles traveled. The project development area is served by four AC transit bus lines that connect residents to BART and to retail centers. If possible the bus transit program would be extended beyond the grant period. Operations headquarters are located at the future El Cerrito Senior Mixed Use Apartment development. Which of the following best describe the proposed program? (check all that apply) 1. Expansion 2. Creation 3. Education 4. Outreach 5. Training Answer: l 2 Please select the type of program: Page 6 of 11 Application/Survey Preview 3/30/2015 Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- 1. Active Transportation 2. Transit Ridership 3. Criteria Pollutant Reduction Answer: l 2 12 Eligibility for Statutory Set-Asides This application is eligible for the following statutory set-asides: Answer: l Affordable Housing Please describe how the Project is eligible for statutory set-asides indicated. (Illustrate Disadvantaged Community census tract(s) within the project map.) Answer: The proposed project will provide 62 one bedroom rental apartments for low income seniors. All units, except for the manager's unit, will be affordable with units restricted to very low income (50% AMI) and extremely low income (30% AMI) households. Restrictions will be in place for a minimum 55 year period and will be effectuated by recorded covenant. 13 If applying for a Disadvantaged Community set-aside, please enter the following information. 10 Digit Census Tract Identifier: Answer: CalEnviroScreen 2.0 Score http://oehha.ca.gov/ej/ces2.html Answer: 14 Identification of Project Co-Benefits Please identify and describe the expected co-benefits of the Project. These co-benefits can include, but are not limited to, public health and safety, economic, or environmental co-benefits (Refer to Appendix E of Program Guidelines for additional information). Answer: The housing project will house and serve a Vulnerable Population of lower-income elderly households. The transportation project will serve both the Vulnerable Population housed by the project and the Disadvantaged Community within ½ mile of the project area by improving the Greenway infrastructure that links residents of multiple DCs to both regional and local employment and educational opportunities as well as critical services. Public Health: Reduction in Asthma. The building with achieve a minimum of 125 green points rating score which will include using No VOC paint, no off-gassing materials in flooring or cabinets. The building will be weatherized and generate energy with solar panels to make the building environment more comfortable. The project will reduce obesity by providing an exercise room and the companion greenway project will encourage biking and walking to public transit, shopping and enjoyment of the park. Buildings will be smoke- free in keeping with Eden Housing policies and El Cerrito Municipal Code (Smoking Pollution Protection Ordinance). Economic Co-Benefits: reduction in housing costs; reduced transportation costs by improving access to public transit and encouraging active transportation options. Revitalize local economies by increasing resident population and their use of local businesses. Reduce energy costs by promoting multi-family energy efficiency (the City's Climate Action Page 7 of 11 Application/Survey Preview 3/30/2015 Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- Plan identifies MF energy efficiency of new development as an important strategy to reduce the City's GHG emissions.) Bring jobs and housing closer together by creating new affordable housing in a vibrant TOD-corridor with access to quality open space, jobs and community resources. 15 THRESHOLD REQUIREMENTS Please indicate the greenhouse gas emission reduction strategies attributable to the Project (check all that apply). 15.1 Include higher housing density per acre than 7.6 dwelling units per acre? Answer: l Yes 15.2 Provide increased diversity by including different types of land uses near each other in a project development? (Note that CalEEMod only looks at diversity within a project, not in the area surrounding the project.) Answer: l Yes 15.3 Improve walkability by increasing the number of intersections per square mile relative to the city or county in which it resides? Answer: l 15.4 Be located less than 12 miles to a regional employment or destination center? Answer: l Yes 15.5 Be within ½ mile of transit with peak-hour headways 15 minutes? Answer: l Yes 15.6 Be within ½ mile of transit with peak-hour headways 75 minutes? Answer: l Yes 15.7 Be within 3 mile of transit with peak-hour headways 15 minutes? Answer: l Yes 15.8 Be within 3 mile of transit with peak-hour headways 75 minutes? Answer: l Yes 15.9 Include below market rate housing? Answer: l Yes 15.10 Include on-site pedestrian network improvements? Answer: l Yes 15.11 Include traffic calming measures or features? Answer: l 15.12 Include or provide of access to a neighborhood electric vehicle network? Answer: l 15.13 Limit parking supply below the ITE parking generation rate for the project site? Answer: l 15.14 Require users pay for parking? Page 8 of 11 Application/Survey Preview 3/30/2015 Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- Answer: l 15.15 Be located in an area with priced on-street parking? Answer: l 15.16 Provide access to Bus Rapid Transit? Answer: l Yes 15.17 Implement an employee commute trip reduction program, such as providing assistance in finding bicycling, carpooling, vanpools, or ride-sharing programs? Answer: l 15.18 Provide employee transit subsidies? Answer: l Yes 15.19 Provide cash-out incentives for employees who opt-out of using a parking space? Answer: l 15.20 Charge employees for their parking? Answer: l 15.21 Provide workplace electric-vehicle charging? Answer: l 15.22 Allow or require telecommuting or alternative work week schedules? Answer: l 15.23 Implement commute trip reduction marketing, such as new employee orientation of trip reduction and alternative mode options? Answer: l 15.24 Provide an employer sponsored vanpool or shuttle program? Answer: l 15.25 Provide a ride sharing or carpooling program with associated infrastructure? Answer: l 15.26 Add or enhance existing bus transit service by providing extended or increased frequency routes with cleaner vehicles, new hours of service, or serve additional riders? Answer: l 15.27 Provide a commuter vanpool, shuttle, or rail feeder shuttle to work sites, homes, or schools? Answer: l 15.28 Provide additional bike pathways or lanes? Answer: l 15.29 Provide additional pedestrian facilities, such as a pedestrian passageway providing access to housing or activity centers? Answer: l 16 Please describe how the project supports the implementation of the applicable Sustainable Communities Strategy or other qualifying regional plan. Answer: Page 9 of 11 Application/Survey Preview 3/30/2015 Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- As part of the San Pablo Avenue Corridor Priority Development Area (PDA) and the East Bay Corridors Initiative, this project is an essential component of implementing Plan Bay Area (Sustainable Communities Strategy) including its land use pattern, transit investment strategy, and targeted implementation programs. El Cerrito's San Pablo Avenue Corridor is a locally nominated district planned for significant housing and job growth with boundaries within ½ mile of frequent transit service. In Plan Bay Area, it is projected to take on most of the City's growth over the next three decades and to be a key shopping, entertainment, and services node along the San Pablo Avenue transit corridor, which is served by AC Transit¿whose operations are an investment priority in the Plan. It is within walking distance of two stations in the BART system. The corridor is also supported by recent streetscape and connectivity enhancements funded through regional programs supportive of the Plan. This project is part of a series of shovel ready and pipeline catalyst projects included in the East Bay Corridors Initiative¿a collaborative effort between 16 jurisdictions to create a network of thriving neighborhoods and downtowns in the PDAs of the inner East Bay, which are organized around 18 BART stations between Richmond and Union City and along the BRT/Enhanced Bus spines, including San Pablo Avenue. Prioritized by the region as a Plan Bay Area land use implementation strategy, this place-based initiative is a platform for prioritizing and funding complementary housing, infrastructure, and community development projects that provide cumulative GHG reductions and a range of economic, social, and health co-benefits across city boundaries. The corridor connects, and can better connect, many of the Bay Area's disadvantaged communities to employment centers and a variety of educational and other destinations by frequent, low cost transit. 17 Please describe how the project is consistent with the State Planning Priorities (Government Code Section 65041.1). Answer: This project includes affordable housing infill development that redevelops underutilized land, improves existing infrastructure, promotes equity through the provision of affordable senior housing, preserves and promotes cultural and historic resources, reduces development pressure on agricultural lands, and promotes active transit along the Ohlone Greenway. By improving opportunities to reach two Bay Area Rapid Transit stations by foot and bike, it will reduce auto trips, improving air quality, transit ridership, and public health. The project area is within ½ mile of a Disadvantaged Community, and the Greenway links residents of multiple Disadvantaged Communities to both regional and local employment and educational opportunities as well as critical services. The construction and other jobs supported by the project will benefit local residents and businesses while achieving GHG reductions. 18 ATTACHMENTS Please download the following templates and upload the completed forms on the "Attachments" tab. • Concept Proposal Workbook • Certification and Identity of Interest Disclosure • Supplemental Capital Project Description Questionnaire - Phase2 No Questions are available to display Page 10 of 11 Application/Survey Preview 3/30/2015 Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- Back to Application/Survey Application/Survey Completion Check © 2015 State of California. Conditions of Use I Contact Us I Privacy Policy Page 11 of 11 Application/Survey Preview 3/30/2015 Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- Enforceable Funding Commitments Page 1 of 1 02/02/15 City of El Cerrito Contra Costa County HOME/CDBG HCD - IIG Contra Costa County Measure J TLC investor equity available for construction El Cerrito land donation 3 2 4 n/a 660 660 660 grant n/a 100,000 $ 775,000 $ 1,399,547 $ 118,000 $ 1,500,000 $ 3,250,000 $ YES YES YES YES RR RR deferred YES n/a YES n/a n/a AFFORDABLE HOUSING AND SUSTAINABLE COMMUNITIES PROGRAM CONCEPT APPLICATION Capital Project Enforceable Funding Commitments Please indicate which eligible uses of funds the project has secured enforceable funding commitments for by clicking the appropriate boxes below: YES Wells Fargo construction loan 20,556,483 $ YES 1 24 n/a 2,264,041 $ Total Development Costs (Less Deferred) 28,062,526 $ Total Committed Funds 28,062,526 $ Less Deferred Costs Committed funds as % of Total Development Costs Total Development Costs 30,326,568 $ 2,264,041.34 $ developer fee and reserves deferred 'til perm Deferred Costs Amount of Funds 92.5% Construction Period Financing Funding Sources (Name) Amount of Funds AHSC Program (loan funds requested) Annual Debt Service AHSC Program (grant funds requested) 363,496 $ YES n/a Committed Funds (Yes / No?) Lien Position Term in Months Interest Rate List all sources of funding for all proposed Capital Projects. Provide the requested information regarding construction period funding and deferred costs. NOTE: Committed funds MUST be documented by an enforceable commitment letter. Affordable Housing Development Housing-Related Infrastructure Transportation Related Infrastructure Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- Commitment Le*ers Page 1 of 2 02/02/15 1. The borrower's name. 2. The project name (if any). 3. The project site address, assessor's parcel number, or legal description; and 4. The amount, interest rate, and terms of the financing being committed. Amount: Date of Letter: Amount: Date of Letter: Amount: Date of Letter: Amount: Date of Letter: Amount: Date of Letter: Commitment #5 Type: Loan Other: Funding Source: Contra Costa County HOME Loan $150,000 2/4/15 Funding Period: Both Comment: City of El Cerrito $3,250,000 4/23/14 Funding Period: Both Comment: Commitment #4 Type: Loan Other: Funding Source: Contra Costa County CDBG Loan $625,000 2/4/15 Funding Period: Both Comment: The letter may be conditioned on certain standard underwriting criteria, such as appraisal, but may not be generally conditioned. Examples of unacceptable general conditions include phrases such as "subject to senior management approval," or a statement that omits the word "commitment" but instead indicates the lender's "willingness to process an application" or indicates that financing is "subject to loan committee approval of the project." AFFORDABLE HOUSING AND SUSTAINABLE COMMUNITIES PROGRAM CONCEPT APPLICATION Enforceable Funding Commitment Detail Form What is an Enforceable Commitment Letter? In order for a letter to be deemed complete and acceptable as enforceable, financing commitment documentation must contain the following: Commitment #2 Type: Loan Other: Funding Source: City of El Cerrito $100,000 4/23/14 Funding Period: Both Comment: On the form below, the applicant should identify the project funding commitments which are supported by the associated source documents. Be sure that the amounts in the letters match the amounts reported for each funding source in the included HRI Budget, the Housing Development Budget and Enforceable Funding Commitments worksheets, as appropriate. Commitment #1 Type: Loan Other: Funding Source: Wells Fargo Bank $20,556,483 2/17/15 Funding Period: Construction Comment: Commitment #3 Type: Land Donation Other: Funding Source: Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- Commitment Le*ers Page 2 of 2 02/02/15 Amount: Date of Letter: Amount: Date of Letter: Amount: Date of Letter: Amount: Date of Letter: Amount: Date of Letter: Commitment #6 Type: Grant Other: Funding Source: HCD Infill Infrastructure Grant $1,399,547 1/16/15 Funding Period: Both Comment: Commitment #7 Type: Tax Credit Investor Other: Funding Source: tbd $1,500,000 during const Funding Period: Both Comment: $9,562,720 total equity Commitment #8 Type: Grant Other: Funding Source: Contra Costa County Measure J TLC $118,000 May 18, 2015 Funding Period: Comment: Commitment #9 Type: Other: Funding Source: Funding Period: Comment: Commitment #10 Type: Other: Funding Source: Funding Period: Comment: Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- Leverage Page 1 of 1 02/02/15 AFFORDABLE HOUSING AND SUSTAINABLE COMMUNITIES PROGRAM CONCEPT APPLICATION Committed Non-AHSC Funding Amount for Capital Projects AHSC Funds Requested for Capital Projects Leverage Percentage Capital Project Leverage $27,699,030 $6,923,351 400.08% A B C Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- Site Control Page 1 of 1 02/02/15 1 2 3 4 5 6 7 8 To certify the Project is eligible for program review, applicant must check a box "Yes" certifying the validity of each statement 1 through 8 below and provide exhibits as requested for each proposed Capital Project. Site Control Checklist AFFORDABLE HOUSING AND SUSTAINABLE COMMUNITIES PROGRAM CONCEPT APPLICATION Capital Project #2 Capital Project #3 NOTE: If any of the following statements are not currently secured at the time of submittal of the concept proposal, the applicant must provide a narrative in the space provided below to desribe associated timeframes to demonstrate site control will be secured by the full application submittal deadline of April 15, 2015. Fee title; Capital Project #1 A leasehold interest on the property with provisions that enable the lessee to make improvements on and encumber the property provided that the terms and conditions of any proposed lease shall permit, prior to grant funding, compliance with all Program requirements; An enforceable option to purchase or lease which shall extend through the anticipated date of the Program award as specified in the Notice of Funding Availability; An executed disposition and development agreement, right of way, or irrevocable offer of dedication to a public agency; An executed encroachment permit for construction of improvements or facilities within the public right of way or on public land; An executed agreement with a public agency that gives the Applicant exclusive rights to negotiate with that agency for the acquisition of the site; provided that the major terms of the acquisition have been agreed to by both parties; A land sales contract or other enforceable agreement for acquisition of the property; Yes N/A Yes Other forms of site control that give the department equivalent assurance that the applicant or developer will be able to complete the Project and all housing designated in the application in a timely manner and in accordance with all the requirements of the Program. Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- Environmental Page 1 of 2 02/02/15 Not Required for this Project Is the Project approved "by- right"? Has a Negative Declaration or Final EIR been certified? Date of Authority to Use Grant Funds CEQA YES NO YES NEPA* YES 1/12/15 Not Required for this Project Is the Project approved "by- right"? Has a Negative Declaration or Final EIR been certified? Date of Authority to Use Grant Funds CEQA YES YES NEPA* Capital Project the Ohlone Greenway Wayfinding Signage, was planned and analyzed as part of the City-‐adopted Ohlone Greenway Masterplan. Capital Project #2 has a filed Neg Dec under CEQA. There are no federal funds in Capital Project #2 and NEPA is not required. * For NEPA only, provide a copy of the HUD 7015.16 "Authority To Use Grant Funds" or clarify the current status of the issuance of the HUD form. AFFORDABLE HOUSING AND SUSTAINABLE COMMUNITIES PROGRAM CONCEPT APPLICATION Project Readiness - Environmental Review In the box below, explain why any items are not required and include documentation, if applicable: Capital Project #1 All Environmental Clearances (CEQA and NEPA) necessary to begin construc[on are: In the box below, explain why any items are not required and include documentation, if applicable: CEQA was approved by the El Cerrito Planning Commission on 12/18/13 a_er review of a final Environmental Impact Report on the same date. NEPA was completed and Authority to Use Grant Funds was issued on 1/12/15 * For NEPA only, provide a copy of the HUD 7015.16 "Authority To Use Grant Funds" or clarify the current status of the issuance of the HUD form. Capital Project #2 All Environmental Clearances (CEQA and NEPA) necessary to begin construc[on are: Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- Environmental Page 2 of 2 02/02/15 Not Required for this Project Is the Project approved "by- right"? Has a Negative Declaration or Final EIR been certified? Date of Authority to Use Grant Funds CEQA NEPA* All Environmental Clearances (CEQA and NEPA) necessary to begin construc[on are: In the box below, explain why any items are not required and include documentation, if applicable: * For NEPA only, provide a copy of the HUD 7015.16 "Authority To Use Grant Funds" or clarify the current status of the issuance of the HUD form. Capital Project #3 Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- En#tlements Page 1 of 2 02/02/15 Status approved approved approved Status AFFORDABLE HOUSING AND SUSTAINABLE COMMUNITIES PROGRAM CONCEPT APPLICATION Provide a listing and status of all discretionary local land use entitlements and permits, excluding design review, required to complete each Capital Project that have been granted, submitted or to be applied for to the appropriate local agencies, or consistent with local planning documents. Discretionary Approvals Agency / Issuer Land Use Entitlements/Permits for Capital Projects Capital Project #1 El Cerrito Senior Mixed Use Apartments NOTE: If necessary disretionary local land use entitlements and permits have not been completed at the time of submittal of the concept proposal, the applicant must provide a narrative in the space provided below to desribe associated timeframes to ensure all required entitlements and permits will be secured by the full application submittal deadline of April 15, 2015. Entitlements planning commission Density Bonus planning commission conditional use permit planning commission DO NOT LIST DESIGN REVIEW ON THIS FORM No discretionary approvals are required f Capital Project #2 Ohlone Greenway Wayfinding Signage Discretionary Approvals Agency / Issuer DO NOT LIST DESIGN REVIEW ON THIS FORM Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- En#tlements Page 2 of 2 02/02/15 Status Discretionary Approvals Agency / Issuer Capital Project #3 Narrative (if required): DO NOT LIST DESIGN REVIEW ON THIS FORM Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- Milestones Page 1 of 1 02/02/15 Completion of a business or work plan Completion of all necessary environmental clearances, including those required under CEQA and NEPA. Site Control of Capital Project site(s) by proposed developer(s). completed 4/23/14 N/A Performance Milestone Capital Project #1 Capital Project #2 Executed binding agreement between the Recipient and developer of the proposed Capital Project detailing the terms and conditions of the Capital Project development. completed 12/18/13 N/A AFFORDABLE HOUSING AND SUSTAINABLE COMMUNITIES PROGRAM CONCEPT APPLICATION Planning Phase and Milestone Schedule Dates Program Milestone Schedule Capital Project Milestone Schedule Obtaining all enforceable funding commitments for all construction period financing. by March 1, 2016 For Housing-Related Infrastructure Capital Projects, all enforcable funding commitments obtained for at least the first phase of the supported housing development. by March 1, 2016 by March 1, 2016 completed 1/12/15 Jun-09 Capital Project #3 Note: It is acknowledged that some of the following milestones may have already been achieved. For those milestones which have previously been met, please enter the month and year completed. For those milestones not yet completed, please provide a projected completion date (MM/YY) for each of the applicable items below. If not applicable to the specific Capital Project or Program, please indicate "NA" below. Program #2 15-Sep-17 Mar-17 For Affordable Housing Development Capital Projects, obtaining enforceable commitments for all construction/permanent financing including substantially final construction/permanent loan documents, and Tax Credit syndication documents for remaining phases of the Project. Measure J committed Submission of Final Construction Drawings and Specifications to the appropriate local building department or permitting authority. by December 1, 2015 Mar-‐16 Program funds fully disbursed 31-Oct-17 Sep-17 Commencement of construction 15-Mar-16 Jul-16 Construction complete and the filing of the Notice of Completion. Mar-‐16 Identification and commitment of program operator and partners Mar-16 Obtaining all necessary and discretionary public land use approvals. completed 12/18/13 N/A Identification of ongoing support for operation costs beyond grant period Program #1 Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- Funds Request Worksheet Page 1 of 1 02/02/15 A B C D E F G H I J K L M N O P AMI Level Per Unit Loan Limit for Efficiency Unit # of Efficiency Units Total Allowed for Efficiency Units Per Unit Loan Limit for 1 Br. # of 1 Br. Total Allowed for 1 Br. Per Unit Loan Limit for 2 Br. # of 2 Br. Total Allowed for 2 Br. Per Unit Loan Limit for 3 Br. # of 3 Br. Total Allowed for 3 Br. Per Unit Loan Limit for 4+ Br. # of 4+ Br. Total Allowed for 4+ Br. (B x C) (E x F) (H x I) (K x L) (N x O) Mkt Rate 60% 0 0 30,000 1 30,000 0 0 55% 0 0 0 0 0 50% 0 54920 31 1702520 0 0 0 45% 0 67308 8 538464 0 0 0 40% 0 0 0 0 0 35% 0 0 0 0 0 30% 0 0 0 0 0 MHP Level A 0 0 0 0 0 B 0 104617 23 2406191 0 0 0 C 0 0 0 0 0 YES # of Units Unrestricted 0 63 63 $6,537,175 $1,890,000 $363,496 $6,923,351 $22,680 $22,680 Maximum Allowable Amount Requested $0 Residential Parking Costs $0 $10,103,351 GRANT: Transportation-Related Infrastructure Grant (TRI) Award Components $6,567,175 $3,150,000 LOAN: Affordable Housing Development (AHD) GRANT: Housing-Related Infrastructure Grant (HRI) TOTAL AWARD: AFFORDABLE HOUSING & SUSTAINABLE COMMUNITIES PROGRAM CONCEPT APPLICATION FUNDS REQUEST WORKSHEET Enter unit size and rent restriction level in this Rent and Unit Mix chart. Enter corresponding loan amounts per current MHP per unit Loan Limits chart. Enter Manager's unit at 60% level. Column D G J M RENT AND UNIT MIX CHART Restricted Unit Pro-rated Parking Costs: $0 $1,860,000 $30,000 $0 $0 Column D G J #DIV/0! GRANT: Planning and Program Costs Grant (PPC) Sum of Column $363,496 Total Restricted Units: Total Residential Units: Affordable Housing Development financed by 4% LIHTCs? Only projects receiving 4% LIHTCs will be awarded an additional $30,000 per restricted unit. M P P TOTAL $4,677,175 Sum of Column $0 $4,647,175 $30,000 $0 TOTAL Total Residential Parking Costs (per cell G83 in HRI Budget): $0 Housing-Related Infrastructure Maximum Allowable Grant Unit Type Restricted Total Per Unit Grant Amount $35,000 $50,000 Maximum Grant Amount $0 $3,150,000 $3,150,000 0 63 Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- Tax Credit Form Page 1 of 1 02/02/15 99.99% interest in In federal credits and the - $ 9,562,720 $ YES - $ - $ - $ - $ - $ - $ 56,000 $ 20,000 $ syndication financial consulting 40,000 $ 116,000 $ 116,000 $ 9,446,720 $ 1.21% $ 1.03 Type of Tax Credits: TCAC Applica@on Round: TCAC Applica@on Year: Tax Credit Equity Contribution Form AFFORDABLE HOUSING AND SUSTAINABLE COMMUNITIES PROGRAM CONCEPT APPLICATION Investor Phone Number Elissa Dennis consultant 2015 Investor Name Title Community Economics, consultant Elissa Dennis 2/17/15 4% If there are any questions regarding these estimates please contact the undersigned. Investor or Preparer Signature Date Total Expenses/Gross Proceeds: The estimated net proceeds are equivalent to for each $1.00 of total credit reserved to the project. None of the above fees earned by the investor will be included in the projects eligible basis. Investor fees (acquisition, advisory, etc.) Net Proceeds: Acquisition expenses Reserves or working capital Other (explain) Total Investor Expenses Partnership Expenses: Legal Expenses Accounting Expenses Other (explain) Total Partnership Expenses Less Total Expenses: This project requires the use of Taxable Bond proceeds. Estimated net syndication proceeds may be calculated by subtracting typical syndication costs from the estimated gross proceeds as follows: Investor Expenses: 510-‐832-‐8300 x2 Community Economics, syndication consultant, estimates is interested in purchasing a/an El Cerrito senior Calculation Document (Name of Investor) (Insert Project Name) Organizational and offering expenses It is estimated that the 919,492 $ in State Credits would generate gross proceeds in the amount Select One (indicate This project does not require the use of taxable bond proceeds and it is understood that Tax-Exempt Bond proceeds may be used to fund the project. Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- Housing Development Budget Page 1 of 3 02/02/15 Residential Rental Component Costs Home Ownership Component Costs Commercial Component Costs Total Development Costs AHSC Program Loan AHSC Program Grant City land $3,250,000+ $100,000 loan + perm loan $1,550,000 County HOME / CDBG $775,000 + AHP $620,000 HCD - IIG $1,399,547 + MHP $4,677,175 GP equity and deferred developer fee Investor equity SOURCES TOTAL ACQUISITION 2950934 299066 3250000 3250000 0 3250000 105749 10717 116466 100000 16466 0 116466 22699 2301 25000 25000 0 25000 4540 460 5000 5000 0 5000 3083922 0 312544 3396466 0 0 3350000 46466 0 0 0 3396466 0 0 0 0 3083922 0 312544 3396466 0 0 3350000 46466 0 0 0 3396466 REHABILITATION 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 RELOCATION 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NEW CONSTRUCTION 151893 15394 167287 167287 0 167287 45399 4601 50000 50000 0 50000 1554663 157559 1712222 1131247 580975 0 1712222 11263856 1088684 12352540 6537175 1550000 3575378 689987 12352540 1291507 130889 1422396 1422396 1422396 262009 26554 288563 288563 288563 262009 26554 288563 288563 288563 0 0 0 0 0 0 14831335 0 1450235 16281570 6537175 0 1550000 1348534 4156353 0 2689508 16281570 ARCHITECTURAL 667129 67611 734740 734740 0 734740 166782 16903 183685 183685 183685 833911 0 84514 918425 0 0 0 0 734740 0 183685 918425 SURVEY & ENGINEERING 259939 26344 286283 286283 0 286283 0 0 0 259939 0 26344 286283 0 0 0 0 286283 0 0 286283 CONTINGENCY COSTS 1473794 149363 1623157 1173454 449703 1623157 Affordable Housing and Sustainable Communities Program Concept Application HOUSING DEVELOPMENT BUDGET Sources and Uses Comments Lesser of Land Cost or Value Residential and commercial Demolition costs are split based on Legal & Closing Costs construction cost estimates Verifiable Carrying Costs Subtotal Existing Improvements Cost Other: (specify) Total Acquisition Off-Site Improvements Environmental Remediation Site Work Structures General Requirements Contractor Overhead Contractor Profit General Liability Insurance Other: (specify) Total Rehabilitation Costs Temporary Relocation Permanent Relocation Total Relocation Contractor Overhead Off-Site Improvements Environmental Remediation Site Work (hard costs) Structures (hard costs) General Requirements Contractor Profit General Liability Insurance Other: (specify) Total New Construction Design Supervision Total Architectural Costs Engineering ALTA Land Survey Total Survey & Engineering Hard Cost Contingency Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- Housing Development Budget Page 2 of 3 02/02/15 Residential Rental Component Costs Home Ownership Component Costs Commercial Component Costs Total Development Costs AHSC Program Loan AHSC Program Grant City land $3,250,000+ $100,000 loan + perm loan $1,550,000 County HOME / CDBG $775,000 + AHP $620,000 HCD - IIG $1,399,547 + MHP $4,677,175 GP equity and deferred developer fee Investor equity SOURCES TOTAL Sources and Uses Comments 140737 14263 155000 155000 155000 1614530 0 163627 1778157 0 0 0 0 0 1173454 604703 1778157 CONSTRUCTION PERIOD EXPENSES 816588 82758 899346 899346 0 899346 139987 14187 154174 154174 154174 0 0 0 0 0 0 57793 5857 63650 63650 63650 8853 897 9750 9750 9750 0 0 0 71818 7278 79096 79096 79096 31779 3221 35000 35000 35000 90798 9202 100000 100000 100000 92031 9327 101358 101358 101358 0 0 0 0 0 0 1309646 0 132728 1442374 0 0 0 0 899346 0 543028 1442374 PERMANENT FINANCING EXPENSES 15500 15500 15500 15500 0 0 0 15000 15000 15000 15000 0 0 0 0 0 0 85000 85000 85000 85000 0 0 0 115500 0 0 115500 0 0 0 0 0 0 115500 115500 LEGAL FEES 50000 50000 50000 50000 0 0 0 60000 60000 60000 60000 6000 6000 6000 6000 50000 50000 50000 50000 0 0 0 166000 0 0 166000 0 0 0 0 0 0 166000 166000 CAPITALIZED RESERVES 302904 302904 302904 302904 0 0 0 0 0 0 200000 200000 200000 200000 100000 100000 100000 100000 0 0 0 602904 0 0 602904 0 0 0 0 0 0 602904 602904 REPORTS & STUDIES 9080 920 10000 10000 10000 15000 15000 15000 15000 0 0 0 190159 19272 209431 209431 209431 0 0 0 0 0 0 0 0 0 0 0 0 214239 0 20192 234431 0 0 0 0 0 0 234431 234431 OTHER 37025 37025 37025 37025 7000 7000 7000 7000 481672 48816 530488 530488 530488 1030284 104415 1134699 1134699 1134699 Total Reports & Studies TCAC App./Alloc./Monitor Fees CDLAC Fees Local Permit Fees Local Development Impact Fees Environmental Studies Other: (specify) Other: (specify) Other: (specify) Other: (specify) Other: (specify) Total Capitalized Reserves Appraisal(s) Market Study Physical Needs Assessment Operating Reserve Replacement Reserve Rent-Up Reserve Transition Reserve Services reserve Sponsor Legal Fees Organizational Legal Fees Syndication Legal Fees Other: (specify) Total Legal Fees County loan monitoring fee Other: (specify) Total Permanent Financing Construction Lender Legal Expenses Permanent Lender Legal Fees Loan Origination Fee(s) Credit Enhancement & App. Fee Title and Recording Property Taxes Insurance Soft Cost Contingency Total Contingency Costs Construction Loan Interest Origination Fee Other: (specify) Total Construction Expenses Credit Enhancement & App. Fee Owner Paid Bonds/Insurance Construction Mgmt. & Testing Predevelopment Interest Exp. Other: (specify) Lender Inspection Fees Taxes During Construction Prevailing Wage Monitor Insurance During Construction Title and Recording Fees Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- Housing Development Budget Page 3 of 3 02/02/15 Residential Rental Component Costs Home Ownership Component Costs Commercial Component Costs Total Development Costs AHSC Program Loan AHSC Program Grant City land $3,250,000+ $100,000 loan + perm loan $1,550,000 County HOME / CDBG $775,000 + AHP $620,000 HCD - IIG $1,399,547 + MHP $4,677,175 GP equity and deferred developer fee Investor equity SOURCES TOTAL Sources and Uses Comments 170500 170500 170500 170500 0 0 0 110250 110250 110250 110250 18160 1840 20000 20000 20000 73000 73000 73000 73000 36319 3681 40000 40000 40000 0 0 0 0 0 0 0 0 0 0 0 0 1964210 0 158752 2122962 0 0 0 0 0 0 2122962 2122962 24996136 0 2348935 27345071 6537175 0 4900000 1395000 6076722 1173454 7262720 27345071 DEVELOPER COSTS 2269949 230051 2500000 200000 2300000 2500000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2269949 0 230051 2500000 0 0 0 0 0 200000 2300000 2500000 27266085 0 2578986 29845071 6537175 0 4900000 1395000 6076722 1373454 9562720 29845071 #DIV/0! #DIV/0! 0 Total Square Footage for Total Other: (specify) Total Developer Costs TOTAL DEVELOPMENT COST New Construction cost per Sq. Ft. Total Development cost per Sq. Ft. Homeownership Units) Total Anticipated Net Profit Total Square Footage for All New Syndicator Consultant Fees Guarantee Fees Broker Fees Paid to Related Party Construction Oversight & Mgmt. Other: (specify) Total Other Costs SUBTOTAL Developer Fee/Overhead/Profit Consultant/Processing Agent Project Administration Financial Consulting Other: (specify) Other: (specify) Other: (specify) Other: (specify) Other Costs of Bond Issuance Syndicator / Investor Fees & Expenses Furnishings Final Cost Audit Expense Marketing Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- HRI Budget Page 1 of 4 02/02/15 QUANTITY UNIT TYPE UNIT PRICE TOTAL AMOUNT AHSC Program Name Name Name Name Name Name Name 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Joint Trench: Other: Total Site Utilities Costs SURFACE IMPROVEMENTS Potable Water Non-Potable Water Storm Drain Detention Basin/Culverts Soil Stabilization (Lime, etc.) Erosion/Weed Control Dewatering Other: Other: Total Site Preparation Costs Grading (excluding grading for housing and mixed use structural improvements) DEVELOPMENT COSTS FUNDING SOURCES COST CATEGORY SITE ACQUISITION (Not related to Parking) Site acquisi:on of the Capital Improvement Project, including easements and right of ways Other: UTILITIES Sanitary Sewer HOUSING RELATED-INFRASTRUCTURE BUDGET ESTIMATED CAPITAL IMPROVEMENT PROJECT COSTS BREAKDOWN OF DEVELOPMENT COSTS BY FUNDING SOURCE Submit contracts, bids, engineer's estimates or any other back-up evidencing accuracy of eligible Poject costs Total Site Acquisition Costs (Not related to Parking) SITE PREPARATION Clearing and Grubbing Demolition Excavation Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- HRI Budget Page 2 of 4 02/02/15 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Grading Foundation Work Site Work Other: Other: Total Replacement Parking Costs Tree Mitigation Environmental Remediation Other: Total Mitigation/Remediation Costs REPLACEMENT TRANSIT PARKING Residential Parking Structures Open Space Other: Total Landscape and Amenities Costs ENVIRONMENTAL MITIGATION/REMEDIATION Wetland Mitigation Endangered Species Tot Lot Playground Facilities Walking/Bike Path Drinking Fountains Structures Lighting LANDSCAPE AND AMENITIES Parks: Irrigation Concrete Work Landscaping Curb, Gutter, Sidewalk Street Lights Striping/Signage/Barricades Traffic Mitigation Other: Total Surface Improvements Costs Aggregate Base Asphalt Pavement Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- HRI Budget Page 3 of 4 02/02/15 #DIV/0! 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 #DIV/0! 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 #DIV/0! 0 Enter total requested grant amount Impact fees are eligible for funding if used for identified Capital Assets eligible for funding and required by local ordinance (Not to exceed 15% of the award amount OR $300,000) Other: Other: Total Impact Fees Enter total requested grant amount Grant percentage for Impact Fees PLANNING COSTS Total Planning Implementa:on Costs Transit Shelters Pedestrian Facilities Bicycle Facilities Other: Total Transit Costs IMPACT FEES TRANSIT Transit Facilities: Access Plazas Pathways Bus Shelters Site Work Other: Other: Total Residential Parking Costs Enter the Number of Eligible Parking Spaces (Not to exceed one parking space per residential unit) Cost Per Parking Space (Not to exceed $40,000 per eligible space) Enter the Total Number Replacement Parking Spaces Cost Per Parking Space (Not to exceed $40,000 per space) RESIDENTIAL PARKING Residential Parking Structures Grading Foundation Work Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- HRI Budget Page 4 of 4 02/02/15 #DIV/0! 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TOTAL HOUSING RELATED INFRASTRUCTURE PROJECT COSTS COST NARRATIVE: USE THE SPACE BELOW TO EXPLAIN ANY EXTRAORDINARY SITE CONDITIONS WHICH RESULT IN DEVELOPMENT COSTS TO BE HIGHER THAN ACCEPTED INDUSTRY STANDARDS. Total Soft Costs OTHER CAPITAL ASSET COSTS Other: Other: Total Other Asset Costs SOFT COSTS RELATED TO ELIGIBLE COSTS Engineering Design Overhead Contractor Fee Other: Grant percentage for Planning Costs ENERGY EFFICIENCY LOW-IMPACT DESIGN URBAN GREENING Total Energy Efficiency Costs Total Low-‐Impact Design Costs Total Urban Greening Costs Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- TRI Cost Es*mate Page 1 of 2 02/02/15 Phase Total Cost AHSC Funds Other Funds Environmental PS&E $79,103 $64,455 $14,648 PE Subtotal $79,103 $64,455 $14,648 Right of Way Engineering Appraisals, Acquisitions & Utilities ROW Subtotal Construction Engineering $58,467 $48,701 $9,766 Construction $343,926 $250,340 $93,586 CON Subtotal $402,393 $299,041 $103,352 Non-infrastructure NI Elements Total Cost $481,496 $363,496 $118,000 Agency: Project Description: Project Location: Item No. Item Description Quantity Units Unit Cost Total 1 CONTRACTOR MOBILIZATION 1 LS 5,000.00 $ $5,000 2 CONSTRUCTION STAKING 1 LS 2,000.00 $ $2,000 3 TRAFFIC CONTROL 1 LS 5,000.00 $ $5,000 4 PROJECT SIGNS 2 EA 500.00 $ $1,000 5 STORM WATER POLLUTION AND PREVENTION PLAN 1 LS 5,000.00 $ $5,000 6 CLEARING AND GRUBBING 1,000 SF 4.00 $ $4,000 7 REMOVE EX SIGN & POST 20 EA 150.00 $ $3,000 8 WAYFINDING SIGN & POST 29 EA 3,500.00 $ $101,500 9 MULTI-‐USE TRAIL RULES SIGN & POST 10 EA 750.00 $ $7,500 10 TRAFFIC CONTROL SIGN, POST & MARKINGS AT FIVE STREET CROSSINGS 5 EA 5,000.00 $ $25,000 11 ON-‐STREET ROUTE/ STREET NAME SIGN & POST 44 EA 600.00 $ $26,400 12 TRASH RECEPTACLE 6 EA 3,200.00 $ $19,200 13 BENCHES 6 EA 2,000.00 $ $12,000 14 BIKE RACKS 10 EA 1,500.00 $ $15,000 15 GENERAL CONDITIONS/PROJECT RESERVE 1 LS 23,160.00 $ $23,160 16 $254,760 35.00% $89,166 $343,926 TRANSPORTATION-RELATED INFRASTRUCTURE BUDGET AFFORDABLE HOUSING AND SUSTAINABLE COMMUNITIES PROGRAM CONCEPT PROPOSAL Preliminary Engineering Right of Way Construction Engineering and Construction Detailed Engineer's Estimate and Cost Breakdown For Construction Items Only Total (Construction Items & Contingencies): The Engineer should include "special notes" in the space below to provide justification on the logic used to divide the project costs between Countermeasures, Other-Safety, and Non-Safety. (Not needed for projects using only one countermeasure, or when the construction items logically tie to individual countermeasures) City of El Cerrito Ohlone Greenway Ped & Bike Wayfinding & Amenities Project Ohlone Greenway, between Potrero Avenue to north and Moeser Lane to south (approx 3/4 mile length) Sub Total of Construction Items: Construction Item Contingencies of Con Items): Enter in the cell to the right Engineer's Estimate (for Construction Items Only) Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- TRI Cost Es*mate Page 2 of 2 02/02/15 Engineer's Estimate (for Construction Items Only) Agency: Project Description: Project Location: Item No. Item Description Quantity Units Unit Cost Total 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Special Notes: Estimate (for Non-Infrastructure Items Only) Special Notes: Total (Non-Infrastucture Items): Detailed Estimate and Cost Breakdown For Non-Infrastucture Items Only This section can include but is not limited to items such as soft costs, impact fees, Energy Efficiency costs, and site acquisition costs. Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- Planning and Program Budget Page 1 of 1 02/02/15 QUANTITY UNIT TYPE UNIT PRICE TOTAL AMOUNT AHSC Program Name Name Name Name Name Name Name $0 $0 63 $360 $22,680 $22,680 $22,680 $22,680 $22,680 $22,680 $0 $0 $0 $0 $0 $0 $0 AFFORDABLE HOUSING AND SUSTAINABLE COMMUNITIES PROGRAM CONCEPT PROPOSAL Planning Implementation and Program Cost Budget FUNDING SOURCES COST CATEGORY PROGRAMS PROJECT DEVELOPMENT NAME: ESTIMATED PLANNING IMPLEMENTATION AND PROGRAM COSTS BREAKDOWN OF DEVELOPMENT COSTS BY FUNDING SOURCE Submit information on overhead, staffing plans, and required supplies evidencing accuracy of eligible costs DEVELOPMENT COSTS PLANNING IMPLEMENTATION Administrative Overhead Staffing Supplies Total Planning Implementation Costs Planning Implementa8on and Program Cost GRAND TOTAL: Other: Other: transit passes for 3 years Other: Total Program Costs Staffing Supplies Other: Administrative Overhead Other: Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2 ---PAGE BREAK--- Total Budget Summary Page 1 of 1 02/02/15 AHSC Program Grant* Name Name Name Name Name Name $0 $0 $0 $0 $0 $0 $0 AHSC Program Grant Other $363,496 $118,000 AHSC Program Grant Name Name Name Name Name Name $22,680 $0 $0 $0 $0 $0 $0 AHSC Program Loan AHSC Program Grant* City land $3,250,000+ $100,000 loan + perm loan County HOME / CDBG $775,000 + AHP $620,000 HCD - IIG $1,399,547 + MHP $4,677,175 GP equity and deferred developer fee Investor equity $6,537,175 $0 $4,900,000 $1,395,000 $6,076,722 $1,373,454 $9,562,720 *NOTE: Please make sure that the amounts idenAfied in the HRI budget, and the Housing Development Budget for the Total AHSC Program Grant are the same. TOTAL PLANNING IMPLEMENTATION AND PROGRAM COSTS (PPC) TOTAL AFFORDABLE HOUSING DEVELOPMENT COSTS (AHD) TOTAL DEVELOPMENT BUDGET SUMMARY AFFORDABLE HOUSING AND SUSTAINABLE COMMUNITIES PROGRAM CONCEPT PROPOSAL FUNDING SOURCES TOTAL HOUSING RELATED INFRASTRUCTURE PROJECT COSTS (HRI) TOTAL TRANSPORTATION RELATED INFRASTRUCTURE PROJECT COSTS (TRI) Agenda Item No. 5( ) Attachment 2 Agenda Item No. 5(E) Attachment 2