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Aron.2.wq1 Revioed: M.r.13.1995 REVIEW OF ARONA PROPOSALS PROJECT NAME: MSP ,.~,'--j,.-. NORTHWEST RACQUETBA fm1"~~rn""'.~ft. r_'''~'m'''':::::''- mi~f.1111~~~~Wj~I~~j11~~~~~ffJ~1~ EAM: . ,':', ~::::r.!:;o:',' ,';0':::::':0:':':':' " ..::11:' .' . :::::." .<;mi~.. ):~:;;~d . .;:~~.~. .::::?~~:::I:*.::~~ti ~ '..~I' ..~.. ;o.:~:~. ..^.m:i~~~ .....~........... . if m. T um Leader Milo Pinkerton Arman Br.chman Todd Stutz Jerry Noyce Developer MSP Rul Estate P.ul M.rzyn.kl Don Jen..n Tom Willoughby Architect John Klick Skip Sorenaon Tim Whitten KMR-Allen Kampel, Jerry Runk Engineer Ultelg Scholl/M.d..n BRW-Don Rlngro.. n/. Financial Partner Jeff Huggett/He.rtI.nd/WPL N/A Intern.1 n/. Leg.I: Beo! .nd FI.nlg.n Winthrop/W.lnstln. N/A Faegre & Benson Strength 01 T um Exp.non-prollt lox credit dev. Exp.non-prollt lox credit dev. Exp.lor-prollt dev. Exp. hulth club. P.o! Project. 01 T e.m Moundsvl.w(83 unit.). Chioholm Mpl... MI.ml Mpl.. Mpl.. 13 club. Weo! AlII., E.u CI.ire Mllw.ukee !)ROJECT: .' '.':' - -'~:':"Z"'" .,., .:::::~z" :~. .>>.......:..: ....:.~~f.;o '" ::~:. ~.: .::..~~~::::::f.;~:II~~ ~[~_~1€ij:tm~~~J*~f~~:r~1~~~~ ':~ . ...... . .' .::. ..0: ;0;0 ....... ...::;~..~::::i ... &.::.~;~;oi*~::~...?. . . .... " T 0101 unit. propooed 260 180 124 0 /I 01 Senior Unit. 200 112 28 0 /I 01 Afford.ble Senior Unit. 200 112 0 0 /I 01 Affordeble F.mily Unit. 80 0 0 0 /I 01 M.rkot R.te Unito 0 48 96 0 t1 01 New R.sid.nt. 380 208 224 0 Gron Housing Density (u/.c.) 19.2 11.8 9.19 0 Transit Need.? yes yes no 0 LAND USE: .. ;.<: ,., :"':"0 ~'.' :::: '0':' ,':':': !i<.:" :::: .....:.:-.:.:..$~. ~~~ ...:....s.~~..$~~~~'fJ.1i~i~~~~~~~i:~:i~~tf:!~~: ..... !:-=:. .'. .,:::~:. .... ~ ':'.. ...... , Consiotency wi Comp. PI.n ye. ye. ye. no Land U.. Bullorollntogr.tion ye. ye. ye. no Tlmlng-Po_osion 01 Site? Auguo!. 1995 Auguo!, 1995 Auguo!. 1995 Aug.-Sept. 1995 Ph.slng 01 Project? 3 Ph.... 2 Ph.... 1 18 month ph... 1 12 month project SITE PLAN: rf,i!! .... ...r.:"i*~....... .::;-,!: >:.i.~ 'fui~~m~~~' ~ ... ........ ... ........ ...... :0.. ~ . .... !>..... . . Eo!. Ac... 01 Pond 2.80 2.8 2.8 2.8 Eo!. Acre. 01 P.rk P.rk .nd 2 pl.y lots 2 2 3.3 Eo!. MOJ(. H.lghtln leet 45.00 45.00 45 30 Eo!. 01 "" Imperviou. Surl.ce 43.00"" 33.00% 48.00'% 55.10'% Eo!. Acreolmperv.Surl.ce 5.81 4.48 8.51 7.43 Eo!. Trips/D.y 820.00 448.00 912.00 3500 Eo!. On-Site P.rklng 345.00 284.00 178 593 Eo!. New Street Required (L.F.) 1240.00 1300.00 1400 Eo!. N.w Street Coo! by d.veloopr Eo!. New Utilltie. Required (L.F.) by developer Eo!. New Utillti.. Coo! by developer Acc._. Adj. Prop. NCR .nd T e".ce _~ff:t~;~;!~~'OO~;~~*.(~~:llif,': NCR. North Entry. T.".ce INANCE: ~. ~~ .' ~r.~'*:'$:-'i {.!.' ~:':" '.'(.: ....:,~;=- ~~~:~1IIj ~l,*=,}.<:::::::::::::::_.::~:::::r.:~::~~1~i~*~ff.*1~~: .' .' .. ...........-:0:.. ...'i ...>:.:o.~ ..... ~......~. ....... ......-.:. . ... .... . .... ... .... Inanee Propoood Land Price $0 $320.000 to $680,000 $1,000,000 $0 :\taff Estimated Construction Coo! $11.880,000 $7.344,000 to $11,000,000 $13,520,000 $14,000.000 0 Eo!. N.w Property T.x/Yr.(.02) $237.800 $148,880 to $220,000 $227.568 $400,000 flevlew Lea.. R.te/Yr. $170.000 $0 0 0 T.I.F. Requeoted (Totel) $3.207,800 N/A 0 0 T.I.F. Requ.oted (Annu.l) $213.840 N/A 0 0 T.I.F. Langth In yeoro 15 N/A 0 0 Bonding Requ.oted? $12,000,000 $8,000,000 0 0 Other Fln.ncl.1 A.sisto from CIty? 0 entrle., sign.ge OBS: ~".,w ?<:'. '~_~{#,i:fi.~K"'<:f[~':~D_if~iM*~~~~;'~W~~;~)~~' Job. Created? . ...... .....>..;:.. .... s ............. _.....~. :::::::;:::.~(.:~::; ....... ..... 3 n........ .;:;:;... :0......:0:.... . ~ :o."~ b:O'...:::: ....... "'1" :o.-.:..;:m.?...~.~..;;.. .. ... ..........~................o).......'(::::..~... IEo!. P.yroll 01 Job. I $100,000 I $80,000 I 0 In/.