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HomeMy WebLinkAbout1564596 - MINUTES - CRA MINUTES OF MEETING DANIA BEACH COMMUNITY REDEVELOPMENT AGENCY WORKSHOP - CITY CENTER REDEVELOPMENT MONDAY, OCTOBER 1, 2018 - 10:30 A.M. 1. Call to Order/Roll Call Chairman James called the meeting to order at 10:33 a.m. Present: Chairman: Tamara James Vice-Chairman: Bill Harris Board Members: Bobbie H. Grace Marco A. Salvino, Sr. Executive Director: Rickelle Williams City Attorney: Thomas Ansbro CRA Secretary: Thomas Schneider Absent: Board Member Chickie Brandimarte 2. City Center Redevelopment 2.1 City Center Community Charrette Report and Action Plan Director Williams noted she would like to get off to a great start and this will be a team effort between the CRA and the City. Kevin T. Greiner, Senior Fellow, FIU Metropolitan Center, the Study author and Project Manager, gave a presentation which is attached to and incorporated into these minutes. He stressed what a good position Dania Beach is in right now. Board Member Salvino agreed; we are in the driver's seat. He questioned the Dania Beach numbers for business growth and for residents who live and work in the City. He felt the figures are slightly off, particularly the value of our property. He is in favor of the City Center, but does not want to spend any money, and believes we will not have to do so once we get a developer in here. Mr. Greiner further explained the numbers and their calculations. Board Member Grace said we are on target with this, and noted the charrette was excellent. She explained why she thinks the numbers for Dania Beach are lower than what they should be and said she can see values escalate in the next 3-5 years because of Dania Pointe. In the next five years, we will have an additional 4,000 people living in Dania Beach, and she would like the developers to hold job fairs. We should be cautious as to how we put the partnerships in place. Chairman James spoke of home values in Dania Beach and noted it is not necessarily the developers causing the increases. She also spoke of the work force and the situation they are facing with all of the unaffordable homes here. She noted we need a strict lease of City property so that we are always in the driver's seat, and felt we could get this done with little to no cost to the City. She asked how many housing units we would need to attract a developer, and regarding number 6, we have to provide an educational component because the current library needs to be expanded and upgraded. She also favors mixed income housing. Vice-Chairman Harris questioned the public space and art components. Mr. Greiner spoke of how to distinguish the City Center with plazas and art. Vice-Chairman Harris asked about the valuation of the City property. Mr. Greiner explained it represents the value of the land, excluding the buildings. Vice-Chairman Harris spoke of the workspace requirements in a new City Hall, adding floors to the parking garage, and the light rail line. Director Williams noted the overall purpose of the workshop was to review the report and to get a consensus of the Board to move forward with this. The Board agreed they are in favor of P3 arrangements. Director Williams noted at the next CRA Board meeting, she would ask the Board to accept the FIU report, and to approve Tasks 1, 2, and 3. She thanked Mr. Greiner and FIU, and said we want to work lockstep with City Administration. Linda Wilson spoke of the evaluation process that should be followed for the various components involved. Bob Shapiro, Master Development, emphasized we need better schools and we need to think of education in general; this will attract developers. Vice-Chairman Harris questioned the timeline for an RFP. Board Member Salvino commented Director Williams could give 15-minute presentations at Commission meetings, if needed. City Attorney Ansbro questioned what firms should be utilized as the point persons for this proj ect. Minutes of Meeting 2 Workshop—City Center Redevelopment Dania Beach Community Redevelopment Agency Monday,October 1,2018— 10:30 a.m. Mr. Greiner responded larger law firms out of Miami that have practice with real estate, and especially the national brokerage firms throughout Florida that have tenant representation experience. Director Williams questioned if items in this process could be brought before the Commission for approval without having a CRA Board meeting. City Attorney Ansbro responded items could be approved at regular Commission meetings. Vice-Chairman Harris asked if Mr. Greiner encouraged us to hire a PR& marketing firm to help establish the guidelines for the RFP. Mr. Greiner spoke of good tenant representation and getting the proposal into the hands of the developers capable of doing this type of project. Chairman James asked City staff to offer their insight. Colin Donnelly, Assistant City Manager, noted some of these decisions may want to be delayed until we have a new City Manager. Marc LaFerrier, Director of Community Development, thanked Director Williams for being thorough, and noted the future is now; it is important to move forward and be sure we do this right. Brad Kaine, Director of Public Services, noted his department is here to help. Nicki Satterfield, Director of Finance, commented we should be sure to take our time and not be so eager that we give away the farm. Director Williams felt doing a RFP to get a tenant representative would not be difficult for the CRA staff to handle, along with consultation with City staff. She would look into law firms which have done similar projects in the local area. City Attorney Ansbro added the rail is critical and we should have dialogue quickly with businesses close to the railway. Chairman James questioned if the Board was in support of this being a destination with a rail line. Community Development Director LaFerrier noted that the previous Commission identified this area for a rail line, and the EIS (Environmental Impact Statement) could be referenced. Director Williams thanked everyone for their support. Minutes of Meeting 3 Workshop—City Center Redevelopment Dania Beach Community Redevelopment Agency Monday,October 1,2018—10:30 a.m. 3. Adjournment Chairman James adjourned the meeting at 12:06 p.m. ATTEST: COMMUNITY REDEVELOPMENT AGENCY - J r "`'Y f THOMAS SCHNEIDER, CMC TAMARA JAM CRA SECRETARY CHAIRMAN— Approved October 9, 2018 DANIA BFA oo�ww�nn Minutes of Meeting 4 Workshop—City Center Redevelopment Dania Beach Community Redevelopment Agency Monday,October 1,2018— 10:30 a.m. DANIA BEACH SEA IT.LIVE IT LOVE IT CITY HAL RESIDENTIAL HOTEL RESIDENTIA _ — .�iirl �ar; s�a YID L A . VIA m� a e� ,` lol .Y = + � w - igw it � � A New City Center? Zap 3�,r m '�. �'. 1, c #I 1:11L,�y 953 Dwelling Units Taxes Of �P z" , r a n DANIA BEACH SEA IT LIVE IT LOVE IT Economics, Industry, Labor Force, Employment Geography ResldmtEamings bV Occupation •• • • .. I .. W.� ems. no4 in, 47x us sto9 57 27% I.ev lrMn3w�aao Mw, 1D tp 19 22 to% Ssoo ouo Wn 20 to 49 10 5% 50to99 5 2% 575-5M4wn Broward 100-249 0 p% 9MWn rt 3 0 79MW 1000249 5 21 Sp w4 Wn 3. m We m9" 1 • Dania Beach 000 to4999 1 o% SDd9m9999 sa, ms c000� so A -L tltVNlfO u 67 WIFPLellvl 3D 13% ,i�rsnr+w err• n..n. a... .... ...... .,,,,. Tow 215 1t10% Taw 216 1501a JMbv rmM1svav,gneukM.rren Wokwk.. Housing Affordability awl cu - :,tnk .E l,nm'�ancrleucdY S,ev[iPoo Metro® 1Mk SBa:ogv9p • ' us ty mrlE..ntSMeke1 •u.v.°. ... sinll W.hss,rl.-..rm,sp Se::O.ro .. h Ine Growth Since n Ho o ceawon,.ysmeo�w�«„ • High Income Work From Home Dania Coun Cost Burdened Homeowners 25% 37% 37% SrrallerFootpnnt per empbyee Ma•�^•�o Shared Offc space&desks SJ = Co'I Cos nedRenters 51% 61% 67% Metro#1Marketfo Co-WorkingSpace "" Tota Cost Burdened Households 34% 46% 52% :te r 1 t�fii� 24%of all work®part time Median Household Income $55,322 $52,954 $43,202 Average age46 Median Sale Price $238,800 $246,100 $219,100 Highereammgs Ja�.m9s— s�ew� #1 Commuting Choice suuom Median Value vs.Median H H l ncome 4.3 4.6 5.1 Increasinoty as Important as Saiary NrK 1M1k1r5pW Resident Earnings .. —. 6LIL vm.rwe enc .. 51 .. ,P.ne,sm wsvar J,JM,m nr a,vnmJJmv nxave P;mmJam, saovwr. F .. a .,... Real Estate, Development Markets 2013-2017 r DEVELOPMENT PROJECTS Ls!ImebrMrebpments blha Gfy of Dema Sea h .x�l ;; ¢ r - ; .. � PlaaaeswM tt hOsprwOshwflprowwrshp T"r t"�.§4 1 L • "�f$w Epmjwl0 ipf- ea o/fha lSf Quatter oflh r'"" 'fit 3SR yea.- �T ti 1 .surf -- MpOt.Mmh"I M11 f Yd ar A MpDocumenlL f N:ILommunfy Oerebpm f (UY ' pp�t° „ WwN FoderVMP5lDevebpm nt Maptl30f 1J • a r5 au � E o' • B • .0 arw�Pw Ro � • E r PER MITTEDICON4TRUCT x.. APPROWD4ITEPLANI J'Y1I o PR0.1ECT43D73201 R++O.rrzs' rrwavwv+• FUTURE CON4TRUCTION rco[Paixvv YfP I �� 1( ANi1CIPATED CONS.UCr ON 2N7 E® aeA aM� au3x4 ® _ 4x a i na xayr psi r®srE¢rol mary w ssast I •�sx SE FLORIOA: PASSENGER RAIL HORIZON Mx Dx .�Y p �ruPDsu Y..bb.Wl O arn,S.Yx;. - .' _n ,.,✓-' w.. we.on '� Yetne Ynw axa .� O .a•Y..ax> . .'rxakp NneJ�rsrYl � •.. A1ntN �• Ol..�..o AYn axl w.L�W.we. z FC U>'dibnOnlx�mG.F mJM N.eirp TaY..mrnel •. y' i "tn RliC�fMLeF"roW mntrrree. � seu mw R� O O iwvxexi P...W.e 1� -� F@CI(pnpux0'MINvsY FlvW'roYel -.. AxaN B.M • OAvw...AMW a.ee ---�...� /�/��� Or.Yw B.�e • / g 1� CIInu OW� /� ,NaAM OM /�l�J _ lxllM+bY• O ArY..nlxl 4wW.Y \: �C �ls�trW�Y.:p.erw(IW 4rP4 � NIM.nYY Wpge� r'�' � � ShsnO.SiwN• O�Drh b.[Y aDn«e• O� AxY...Y.er.W v 4 •...NB'RL'�'YL(: O IWl.elaY al.e .__ Ji�� � i rwlbn4{W.• O 1 ��. . •... �• M. Y.nx�'. Y AYb 6uxkr d T �. / g, � � 52 Yw4 Minn• O A.tl.®YYM.'_.. �a � � �f ' .wv ➢.Bhu4aT I.1.»'. 7 Civic/Commumity Residential - New= ` borhood 'few gf4,aa Entertainment Venue Transport/ Mobility Hu ms•at��f��� -• J '*""'S ".f w r `®f y� IN l !JL11� 1 3 L Dania Beach City center Betlevebvment My Back Yard Delia Beaeh Huh Aq.n Tw uw.nuge•io�w ewn ntot�q rwma a wwMe wvwy Rgep TV lLn:Jv@I LLVe —. —• _Tar—Lw_�i�l • • Aw City Center b . . Community ®' C h a rette The Dania Wave The Delia Weve wgxa Tw em.:sen nre oem.wn�. First Cdy Center Aapd Tw un.:sh in.oem.w.w pr*a iw LLw;am9 Me WidlWw TgplMrroM H4 L4y C:Yer F,..- .—_. _.___ • 0, 1 .r. Organization 1 Academica Frankie Mestre 2 Beame Architectural Larry Beame 3 Burk Miami Alexander Burkhardt 4 Canterbury Square Steven Casper 5 Carnahan Proctor Cross Dan Tintner 6 Carnahan Proctor Cross Freddie Vargas 7 City of Dania Beach Colin Donnelly 8 City of Dania Beach Marc LaFerrier 9 Coldwell Banker Chris Evert 10 Collins Real Estate Rodney Collins Developer 11 Creative Workshop Jason Wenig 12 Dania Beach CRA Kathleen Weekes 13 Dania Beach CRA Kisha Payen Focus Group 14 Dania Beach CRA a el Williams Dante A 15 Emerald Construction Dante Alvarez 16 Emerald Construction Denise A.Castro 17 Fifth Avenue Kim Ford 18 FIU Edward Murray 19 FIU Kevin Greiner 20 Greenspoon Marder Steve Wherry 21 Harrison Development Dean Harrison 22 Harrison Development Jada Harrison 23 Keith and Associates Steve Williams 24 Master Development Partners Robert Shapiro 25 Master Development Partners Thekla Salzman 26 Master Development Partners Terry Salzamn 27 Merrimac Ventures Dev Motwani 28 Neighborhood Renaissance Carlos Toledo 29 Neighborhood Renaissance Michael Pecar 30 Pumps Inc. Fred Bloetscher 31 Related Andrew Velo 32 Rexall Pharmacy Cris Lowy 33 Stellar Homes Joyce Villar 34 Zyscovich,Inc. Suria Yaffar F) KeyFindings DANIA BEACH SEA 1T LIVE IT LOVE IT Age Groups Largest Age Group : 35 64 ( 59 % ) Fastest Growing : 20 - 34 ( 19 % ) (2. / X US Avg) Slowest Growing .- E) Economy DANIA BEACH SEA IT.LIVE IT LOVE IT Business Establishment Growth Broward County 10°�0 Dania Beach 3% Advanced / Tech Industries us 9 % * Associates Degree or High r 39 % 41 % Broward County 32 % Dania Beach Average Worker Earnings us $ 60 , 920 Broward $ 57 , 292 Occupations us .County Dania Civilian employed population 16 years and over 148,001,326 910,527 15,486 Management business,science,and arts occupations: 54,751,318 37% 321,930 35% 4,292 28% Management,business,and financial occupations: 21,990,616 15% 147,155 16% 1,893 12% Management occupations 14,852,828 10% 102,227 11% 1,389 9% Business and financial operations occupations 7,137,788 5% 44,928 5% 504 3% Computer,engineering,and science occupations: 8,133,920 5% 33,861 4% 433 3% Computer and mathematical occupations 4,130,533 3% 20,144 2% 284 2% Architecture and engineering occupations 2,707,634 2% 10,258 1% 149 1% Hi • Life,physical,and social science occupations 1,295,753 1% 3,459 0% - 0% • O inEducation,leqal,community service,arts,and media 16,043,993 11% 87,807 10% 1,449 9% gher Community and social services occupations 2,499,671 2% 12,673 1% 188 1% Legal occupations 1,692,402 1% 13,683 2% 115 1% Education,traininq,and library occupations 8,959,122 6% 44,905 5% 851 5% Arts,desiqn,entertainment,sports,and media 2,892,798 2% 16,546 2% 295 2% Service • Healthcare practitionerand technical occupations: 8,582,789 6% 53,107 6% 517 3% Health diaqnosinq and treating practitioners and other 5,846,351 4% 35,997 4% 409 3% Health technologists and technicians 2,736,438 2% 17,110 2% 108 1% Service occupations: 26,765,182 18% 180,852 20% 3,317 21% Healthcare support occupations 3,614,865 2% 25,425 3% 217 1% Sa Protective service occupations: 3,221,331 2% 25,636 3% 446 3%I esFire fighting and prevention,and other protective 1,777,506 1% 15,617 2% 338 2% Law enforcement workers including supervisors 1,443,825 1% 10,019 1% 108 1% Food preparation and serving related occupations 8,591,828 6% 55,108 6% 1,153 7% Building and grounds cleaning and maintenance 5,841,063 4% 42,272 5% 724 5% Personal care and service occupations 5,496,095 4% 32,411 4% 777 5% Sales and office occupations: 36,282,759 24% 255,140 28% 4,636 30% Sales and related occupations 15,813,870 11% 122,943 14% 2,476 16% Office and administrative support occupations 19,468,889 13% 132,197 15% 2,160 14, Natural resources,construction,and maintenance 13,171,632 9% 75,369 8% 1,464 9% Farming,fishing,and forestry occupations 1,057,193 1% 1,363 0% 103 1% Construction and extraction occupations 7,404,356 5% 42,056 5% 938 6% Installation,maintenance,and repair occupations 4,710,083 3% 31,950 4% 423 3% Production,transportation,and material moving 18,030,435 12% 77,236 8% 1,777 11% Production occupations 8,770,632 6% 28,586 3% 562 4% Transportation occupations 5,392,877 4% 33,372 4% 944 6% Material moving occupations 3,866,926 3% 15,278 2% 271 2%. Worker Earn ' Average ngs Resident Earnings by Occupation : . . . us County Dania Beach Total: $34,557 $32,135 $29,303 Management,business,science,and arts occupations: $54,829 $51,193 $49,545 Management,business,and financial occupations: 862,461 S56,629 $50,898 Management occupations $66,693 $61,334 $51,062 Business and financial operations occupations $56,300 $50,875 $46,447 Computer,enqineerinq,and science occupations: $72,115 $62,346 $78,102 Computerand mathematical occupation $74,805 $64,045 $92,632 Architecture and engineerinq occupations $75,186 $64,457 $56,563 Life,physical,and social science occupations $55,750 851,684 - Education,legal,community service,arts,and media occupations: $41,128 $41,257 $41,525 Community and social service occupations $39,093 $40,226 $34,056 Legal occupations $75,239 $57,374 $67,847 Education,trainlnq,and library occupations $39,795 $40,430 $41,827 Arts,desiqn,entertainment,sports,and media occupations $36,701 $35,797 $40,350 Healthcare practitioners and technical occupations: $54,053 854,629 $62,865 Health diagnosing and treating practitioners and othertechnical $65,146 $64,844 $64,940 Heath technologists and technicians $36,103 $36,470 $60,375 Service occupations: $18,220 $20,124 $18,632 Healthcare support occupations $22,660 822,956 $26,550 Protective service occupations: $41,793 $46,470 $18,250 Firefightinq and prevention,and other protective service workers $29,945 $28,359 $8,382 Law enforcement workers includinq supervisors $55,704 $75,342 $77,578 Food preparation and servinq related occupations 813,675 817,311 $20,881 Buildinq and qrounds cleaninq and maintenance occupations 818,894 $17,596 $17.597 Personal care and service occupations $15,637 $17,146 $16,172 Sales and office occupations: $28,684 $28,351 $27,264 Sales and related occupations $26,891 $28,21 5 $21,837 Office and administrative support occupations $29,632 $28,409 $29,808 Natural resources,construction,and maintenance occupations: $35,329 $30,644 $26,447 Farminq,fishinq,and forestry occupations $19,975 $18,439 $4,393 Construction and extraction occupations $33,531 827,229 $27,017 Installation,maintenance,and repair occupations 841,251 $35,927 $34,271 Prod uction,transportation,and material moving occupations: $30,488 $27,400 $29,484 Production occupations $31,791 $26,492 $21,667 Transportation occupations $33,426 831,633 $35,897 Material movinq occupations $22,420 $21,274 $28,935 Average Worker Earnings Number of Workers (2010- 2016) Earning $75, 000 or • More � Earning $ 50, 000 or Less • • Median Household Income us $ 55 , 322 rowa rd $ 52 , 954 Housing DANIA BEACH SEA IT,LIVE IT.LOVE IT Owner vs . Renter Owner Renter Occupied Occupied U s 64 °io 36 °ia Broward County63 °io 3 7 °io Dania B - 50 °io 51 °io Median Home Sale Price us $ 238 , 800 Dania Beach $ 219 , 100 Home Price vs . Median Income us 4 . 3x Broward 4 . 6x Dania Beach 5 . 1x Cost Burdened Households 34% us 46 % B rowa 52 % Dania Beach Miami-Dade County 48% Geography of Work DANIA BEACH SEA IT LIVE IT LOVE IT • New Ge a [D f Wor dvieUr Park Mean Travel 44, Time to Work o2r tj i x� ie Gnftin 4Zo ,i Dania Beach 1<3,'5-10 12,368 Live and Work ������� in The City 773 • Hollywood x. Srecia�` Skeet � � G New Geography of Work 11MIMMIconomy Non Tradition MO111ffl D24% of all workers all or part time evelopment #1 Market for Co-Working Space Telecommuting Average age 46 #1 Commuting Choice ew e o ra o o r Percent of workers doing some or all of their work on their main job at home,2006-2015 annual averages,United States Management, business,and Professional Sales and Office and Construction Installation, Transportation Service administrative maintenance, Production and material Year Total financial and related related and extraction occupations support and repair occupations moving operations occupations occupations occupations occupations occupations occupations occupations 2006 . 2007 • • . 00: 2009i 6.6 i 0 . 20.0 . 0 . 0 • . Source:US Bureau of Labor Statistics American Time Use Study,2017 New Geography of Work Broward CountySpace per • • 102.0 71 100.0 71 98.0 •• 70 96.0 70 0 94.0 69 .o w 92.0 1 ' 69 (D 90.0 68 C/) 88.0 68 86.0 67 84.0 67 82.0 66 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 �Office Space Per Employee —Tota I Off 1 ce S pace Source:Bureau,of Labor Statistics,CoStar. Analysis by FIU Metropolitan Center Importance o ai SE FLORIDA: PASSENGER RAIL HORIZON rxyeBexy xea.m Temp BrbMo � ;; Q � b..EM,tuf• 'Q k.at#m Oaw.N It tln f M kl�mrt Q q�y. p 1 uvlaru � YM1 4r<Y rty * 0- -0 ,EGB10 laieeAab fx. .r. �.y •���„� "—'" 9 �' �. ` &u Rim � �ib..vnw..1b.. .afte3Gmy:a+tix'muw 4' FEf�w:#�ca�a'a:fAAra�.i f+vice,+seei . tn.r!eN B:n4 � �lb'.N.pn W.MW Wzc ., ._ Saartia Sfeaf� �v tarl8wetl 0 4P v )} t • Q..h.ky kbye 4.wN � O �Nx66i4vu1� MWe..,WMgr Outllr� S 'S��k Best Practice i- DANIA BEACH SEA IT.LIVE IT LOVE IT - i Figure 2.Project Delivery Models Along a Continuum of Private Sector Involvement'' Increasing Private Role -------------------- f)espi• ri Design• Uesgr, Desgn- Desigri-Bulld- 6uiW Burld- + 8ulkl Bd•Blifid i BuNdIDB) Build• Build- Finance- Lana ter• (ownl- Own- (O88) i Operate- Finarue Operate- Operate Operate. Operate Maintain IDtffl Maintain IB1L7) Transfer (N00) I Operat,ons g, I Dew) (DRFOM) IBOT a Marntena nce Other tease BOOT) Private 10&Ml Pmate Bulled• I sector Des n Budd• I � Contract Finannng � Operate Owra � finance- ' I Operate I1B01 I and Public - Private (UBFO) i Operates I , ' i long-term I ASStt Partnership I I Concession i I � I I berate � I I (8ti0)1 , 1 P 3 � Traditional i full Approach Public-Private Partnerships (PPPs) ; Privatization, (non-PPP) (non-PPPj Design-Build-Finance-Operate-Maintain (DBFOM) 38 states have enacted some form of P3 enabling legislation Florida: 1 Advantages 1 . Use of best available professional expertise 2. Design and development speed and efficiency 3. Cost savings 4. Lower long-term maintenance and lifecycle costs 5. Public sector risk reduction Long Beach Civic Center, City Hall, and Port Headquarters P Port AuthorityWRI .d m. City Hatt N �n Residential Hotel y s a Market Place * Iliii, e aWi E . Library Lincoln Park +� Civic Plaza Corridor � w e a i. 4 ♦a Irt t � v r „a .......... w=.�'� €el .! x , s. n� . Oakland Park Square P3 ■ City Hall: 29,000 sf ■ Retail/Comm: 34,600 sf 87 Apts. t ■ 11 Live Work a Boynton Beach Town Square P3 If _ i M a w -40 ON i Ff p � _t a .•�""" �r+.�m.� �wc.����`rf � ��O�l 11 noE � Ei nir��� tt t $¢ s � v a 5 a t.•,. Creative Village, Orlando P3 ® $60 million, 148,000-square-foot UCF academic building - communication, digital media,public service and health-related programs ■ Valencia College: programs in digital media, health-information technology, and culinary and hospitality Workforce training facilities The Center for Emerging Media - UCF's top-ranked graduate video gaming school * $105 million, 15-story, 600-bed student housing development and Valencia College's 50,000 square foot culinary school {i, ■ A$9 million,600 space parking garage A mix of affordable, attainable and market-rate housing, including 256-unit - multi-family housing development,and a 300-unit market-rate apartment. 103 units,or more than 12%will be affordable ■ Creative Village is one of the largest transit-oriented developments in the southeast United States-2 Rail Lines,Express bus System ® P3 UCF, Valencia College, the City of Orlando, and Creative Village Development, LLC (CVD), which is a joint venture between Bank of America m i � ""• � �" '� :i r, Community Development Corporation (BACDC) developers Ustler, Baker and ,, „r*., y Myer • CVD has been designated as the Master Developer • City owns the property,which it sells at market rate for each part of the project ' '` 'CL • CVD receives a profit share on land sales over a set amount, and develops and owns the private components of the Project Infrastructure funding provided through Federal,state and local grants. St. Cloud, Minnesota City Hall P3 ■ Sale of existing City Hall to developer for $1 ■ 99-year, $1 per year lease E Developer makes all improvements to City Hall r . ■ Developer gains rights to privately develop rest ° of property. 4W � - Rz..eic•P P �7 .m, � - -_ n State of Florida University Board of Governors P3 26 Budgeted P3 Projects Privately Developed: ■ On and off-campus student housing ■ Hotel and conference centers ■ Educational and training facilities ■ Athletic facilities ■ Parking ■ Innovation campuses E) Transit Oriented DANIA BEACH Development SEA IT LIVE IT COVE IT Reduced household driving, lowered congestion, air pollution TO D TOD produces half as many car trips as conventional suburban development ® Increased transit ridership and fare revenue - average of 49 percent of residents of multi-family housing within 1/4 mile use transit as primary transportation mode Added value created through increased and/or sustained property values where transit investments have occurred p Y ULI: locations near transit best bet for investors five years in a row ® Improved access to jobs and economic opportunity for low- income people and working families Expanded mobility choices frees up household income for other purposes Health benefits — increased walking creates more healthy and active lifestyles .... .............. Providing greater housing choice Improved safety - more street activity Revitalizing commercial corridors and older communities by catalyzing private investment and development .,. i . E( ZZ ?� dt 0 .., r r as ♦ ;" aft = ,""< ,`�#,'.f Grove Central Dadeland Gables Station a � " >� . R � 15s : ppp an Lamm S xL7av Deerfield Station Fruitvale Village Rosslyn Station, DC • - ! ® 50 s PerAcre BDeal Structure DANIA BEACH Deal Structure 16) Preferred developer and City and complete a design 0 and construction cost estimate for new facilities Contract: developer acquires City Center sites from the City for $ 1 , or executes a ground lease for $ 1 per year Developer finances and completes construction City's G- 9-i! new facilities for the cost of construction minus $ 12.3 Million property value Deal Structure 16) OCity assumes new space for Triple-Net Lease � (NNN) of $ 1 per year QDeveloper is responsible for maintenance, management, leasing and improvement of remainder of the complex. ODeveloper granted right to develop remainder of • property according to detailed development agreement with the City Process : From Here to There DANIA BEACH SEA IT LIVE IT LOVE I` 0 OConsider Engaging Professional Representation Complete Tenant Representation Professional Services RFP Release Tenant Representation Services RFP & Select Consultant Select and Contract Tenant Rep Consultant DANIA BEACH 16) (:D2 Decide on a Development Structure P3? Sale / Lease? onw eFna 03) Complete a Space Program for all Government Functions Select Architecture Firm Complete Space Program DANIA BEACH 4 Structure a Flexible High-Quality Development Program Determine the Must-Have Elements of a New City Center Embrace a Dense, Highly Mixed-Use Development Plan Finalize a Commitment to Maximize Public Value Complete housing and job creation goals for the new City Center Get on Board the Train — Decide on the Preferred Configuration of the Coastal Link Station PANIA BEACH 5 Distinguish From and Leverage Dania Pointe • Complete preferred land use, pricing, and employment targets ® Develop joint marketing program 16) OFinalize a Preferred Redevelopment Deal Structure Q7 ) Complete RFP Package ORelease RFP O Review, Rank & Choose Preferred Developer O 10 Negotiate Terms with Preferred Developer 10 Complete Price and Scope Agreement for City Facilities 11 Execute Development Agreement DANIA BEACH 1 Consider Engaging Professional Reuresentitlon Complete Tenant Representation Professional Services RFP Release Tenant Representation Services RFP&Select Consultant Select and Contract Tenant Rep Consultant 2 Decide on a Development Structure 3 Complete a Space Program for all Government Functions Select Architecture Firm Complete Space Program 4 Structure a Flexible High-Quality Development Program Embrace a Dense,Highly Mixed-Use Development Plan Determine the Must-Have Elements of a New City Center Finalize a Commitment to Maximize Public Value Complete housing and job creation goals for the new City Center Get on Board the Train-Decide on the Preferred Configuration of the Coastal Link Station 5 Distinguish From and Leverage Dania Pointe Complete preferred land use,pricing,and employment targets Develop joint marketing program ` g 6 Finalize a Preferred Redevelopment Deal Structure 7 Complete RFP Package 8 Release RFP 9 Review,Rank&Choose Preferred Developer 10 Negotiate Terms with Preferred Developer 11 Complete Price and Scope Agreement for City Facilities 12 Execute Development Agreement DANIA BEACH SEA IT.LIVE IT.LOVE IT.