HomeMy WebLinkAboutResolution No. 376HI GTON {
CITY II�IEI�INA, �.
RESOLUTION NO. 376
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A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
EI INA, WASHINGTON AUTHORIZING THE DULY -APPOINTED }
ADMINISTERING AGENCY FOR ARCH TO EXECUTE ALL
DOCUMENTS NECESSARY TO ENTER INTO AGREEMENTS FOR Y
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THE FUNDING OF AFFORDABLE HOUSING PROJECTS, A
RECOMMENDED BY THE ARCH EXECUTIVE BOARD, UTILIZING I
FUNDS FROM THE CI' NERAL FUND ALLOCATION
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WHEREAS, A regional Coalition for Housing (ARCH) was created by interlocai
agreement to help coordinate the efforts of Eastide cities to :provide affordable housing; and r
WHEREAS, EREAS, the ARCH Executive Board has recommended that the City of Medina £'
participate in the funding of certain affordable housing projects and programs; and
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WHEREAS, the ARCH Executive Hoard has developed a number of recommended
conditions: to ensure that the City's affordable horsing funds are used for their intended purpose
and that projects maintain their affordability overtime, and
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WHEREAS, the City Council has approved the Amended and Restated Interlocal
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Agreement for ARCH; and
WHEREAS, the City Council desires to use City funds as to finance the projects
recommended by the ,ARCH Executive 'Board; now, therefore,
THE CITY COUNCIL OF THE CITE" OF MEDINA, A_ DOES RESOLVE AS FOLLOWS:
Section 1. The City Council authorizes the duly -appointed administering agency of
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ARCH pursuant to the Amended and Restated Interlocal Agreement for ARCH to execute all
documents and take all necessary actions to enter into Agreements on behalf of the City to $
Congregations For the ; omeless/ CHA and Rarkvieww Services in an amount not to exceed
$12,340.
Section 2. The Agreements entered into pursuant to Section 1 of this resolution shad be
funded in e combined amount not to exceed that set forth in Section 1. Such Agreements shall
include terms and conditions to ensure that the City's funds are used for their intended purpose
and that the project maintains its affordability over time. In determining what conditions should
be included in the Agreements, the duly -appointed administering agency CH shall be
guided by the recommendations set forth in the ARCH Executive Board's emo duet of
y December 12, 2014, a copy of which is attached hereto a ibit A.
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PASSED AND ADOPTED by the City Counc' of the Ci fdiva this ay March,
01 , and'signed in authentication f its passage t s h day f March, 201 .
R rick Boyd, Mayor
f Approved as t form Attest.,
a
wmm��a U w M _ ..
s Mari Sand, City Attorney Aimee Kellerman, rman, City Clem
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Iz Kenyon l isend, PLLC
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iE Resolution No. 376 page 1 of t
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EXHIBIT A
Project aurnmary:
Congregations for the Homeless'( F H) with the support of°King County Housing Authority (KCHaA) is
applying to ARCH for the acquisition of property to be developed as a permanent winter shelter for
men. For the past six years East King County cities have funded two winter shelters: one for
unaccompanied men and one for women and families. CF H has operated the men`s emergency winter
shelter during that time, at non -permanent locations usually churches or civic buildings, which have
sometimes been in single fancily neighborhoods, The erner ency shelter is a low barrier shelter which
means few requirements on the shelter guests other than they don't pose a danger to other guests. The
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emergency shelter started out being open only on severe winter nights, but moved to being open all
nights from November through March. This application takes the project a next step to a permanent
location better looted for shelter guests, and also be able to house daytime services and drop in center.
LARCH-rnember planning staff Have already identified a number of locations generally} in or near transit -
served centers and near services which would be appropriate for siting the shelter. Initially the shelter
and daytime services could operate on a similar schedule as the current facilities -. night time shelter
during winter months and daytime services weekdays throughout the year. To the extent there is
additional private and/or public funding support, it could expand the period shelter and day services are
available.
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The proposed shelter is sized to house at least 50 men. It would include kitchen and dining facilities,
gathering space, computer lab, staff and counseling offices, a hygiene center including washrooms,
showers and laundry, staff laundry, bedding storage area, and sleeping areas. Ultimately the goal is to
create a second similar facility for wornen/families. The acquisition could include a building shell
which could be renovated foi- the purpose of the shelter/day center, or it could mean new construction. t
The ARCH funding in conjunction with an interim Loan front King County would be used to acquire
the property. After acquisition, a final budget will be prepared and other permanent funding, will be
sought including permanent funding from King County and Mate Housing Trust Fund and a capital
campaign by CFH. k
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Funding Rationale,:
The CAFE supported the intent of'this application for the following reasons:
* Provides shelter during winter months for at least 50 men and part time daytime services year
round which has been a demonstrated need over the past 5 years in Fast ding County.
Is consistent with Countywide Committee to End Homelessness priorities.
Operator is respected, and has been successful for six years of operation in serving this
population in a winter shelter.
Would help address challenges of siting a temporary shelter on an annual basis,
* Permanent location would allow it to be better located close to transit and services and not;
impact single family neighborhoods.
! Permanent facility would provide opportunity to expand period shelter and day services are
available with additional operating funds
• Fw::HA as interim owner will allow CF°H to act to secure and hold potential site.
While it i not typical to recommend prior to a specific site is identified, it is recognized that.
there are special circumstances associated with this proposal. first, there is a temporary location for the
shelter that is only available the next two winters and a new location needed by winter 2016. Second,
.l acquiring properties in the areas being targeted can be competitive and require relatively quick action to
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secure an option. In the recommended conditions, there are several special conditions intended to
address these circurnstanees.
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PotentialConditions:
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Standard Conditions: Refer to list of standard conditions found at end of this memo
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Special Conditions:
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l . Prier to September 1, 20 15, CFH shall provide to City or Administering agency an update on the
status of the project which will include: update on status of site search, updates on the status of the
capital campaign and applications for other public funding; updated capital and operating budgets
(including, reflecting federal funding requirements), and progress toward being able to meet all r.
funding, conditions within the 18 month period :specified in Condition 2. If the City or
Administering Agency evaluation indicates that funding conditions cannot be met within the 1 }
month funding condition period, (e.g. status of site search, progress tan the capital campaign,
application for rather funding, updated budgets), then the ARCH Executive Board will be authorized
to have the funding award expire and C FfI will have to reapply to ARCH for fundin;.
In the event the first funding condition is net, the funding commitment shall be extended to
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eighteen(l ) months from the date of Council approval and shall expire thereafter if all conditions
are not satisfied, An extension may be requested to City or Administering Agency no later than
sixty (0) days prior to the expiration date. City or administering Agency will consider an
extension only can the basis of documented, meaningful progress in bringing the project to readiness
or completion.
3. CaF14 will provide a capital campaign strategy by March 2015 which includes key activities and
campaign funding target milestones. Sustain operation over time through fundraising and other
efforts.;;
4. With the approval of the ARCH Executive Board, up to $50,000 offends may be released for
predevelopment expenses including Option money for securing a site, due diligence associated with
securing the site and project management during the predeveloprnent phase. The remaining funds
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could be released upon all other public funding commitment.
. Funds shall be used by CFH toward acquisition' and related due diligence, construction, design and
relocation costs. Final designation of use: of funds, including any other project related purpose,
must receive written authorization fforn ARCH staff.
u. Funds will be in the farm of secured grant with no repayment, so long as affordability and target
population is maintained, and the service funds necessary to provide services to this population are
i available.
i. A covenant is recorded ensuring affordability for at least fifty (0) beds for fifty (50) years at 30%
AM] maximum income.
Ir 8. Upon identification of any specifics site being considered C FF1 shall notify ARCH and the City
where the site is located for review and approval. In addition CF shall furnish to ARCH, for
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review by the Citizen Advisory Board, terms for the site acquisition and updated development and
operating budgets.
9, By March 2015, an outreach plan will be submitted to ARCH staff for review and approval. The
outreach plan will include provisions such as:
• Provide written notification to neighbors upon identification of a suitable site to include description
of the project, and information regarding CFfJ that will include the website and contact number
• Send out invitations and provide an opportunity for neighbors to individually and/or as a group to
meet with CFI -I in an Open House or other format regarding the project during the site feasibility
stage.
• Strategies for maintaining community communication after development of a specific site,
including information about what to do in case something out of the ordinary occurs.
10. As part of the quarterly monitoring report, CFH shall explicitly include any activities related to the
neighborhood outreach, plan; and progress of the Capital Campaign including active solicitations,
amounts pledged and secured against campaign targets and how funds are allocated to the different
prqjects covered by the campaign.
11. Prior to release of funds. the Agency shall submit to ARCH staff for review and approval the winter
shelter operating plan including how the facility will be managed and maintained, maintaining the
safety and security of shelter guests as well as neighbors, and the financial operations of the shelter.
12. In the event that any operating support funding levels will be reduced, the Agency shall inform
ARCH Staff about the impacts the proposed reduction will have on the budget and plan for services
to clients, and what steps shall be taken to address the impacts. A new budget or services plan rnust
be approved by ARCH.
2. REDI fRegional Equitable -Devela ruent Initiative) and
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Funding Request: $500,000 (Deferred Loan)
Unknown number of affordable units
CAB Recommendation: $500,000 (Deferred Loan)
See attached Funding Chart for distribution ot'City Funds
Project SuMMar y
This application is for $500,000 in seed funding for capitalizing a $25 million revolving loan fund for
the purpose of acquiring sites within a four -county region. The goal is for the program to be
operational in 2015. The proposed mission statement for the fund is: "to prornote equitable transit
communities throughout the central Puget Sound region through strategic property acquisition lending
that supports the development and preservation of housing and community facilities that meet the needs
of low-income households and are located within walking distance of high -capacity transit services and
stations," ,RCH's funding combined with several other public fonder s (King County, Seattle, State
Department of Transportation) is intended to then leverage funds from foundations and lenders. The
three funding tiers are:
N 0 $5 million in first tier seed money from public sources;
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$ .5 million second tier from foundations and mission driven investors;
$12.5 million third tier from banks and community developmentfinancial institutions.
The revolving loan is expected to be in place for at lest ten years and when stopped, funds would be
returned to investors with private investors being paid first, and principal returned to public funders as k<
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remains. The basic program follows models used in other parts of the country including the Denver
Transit Oriented Development Fund, and the Bay Area "fransit Oriented Affordable lousing JOAH)
Fund.
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The f~ E I Fund proposal, emerges from the work of the Growing Transit Communities ( TC) t
Partnership, a consortium of public, private, and nun -profit stakeholders led by the Puget Sound
Regional Council P RC . A framework and draft business plan for this project was developed by
Enterprise Community partners and Impact Capital, both of which are Community Development
Finance Institutions CI PIs) that are active in the central Puget Sound region.
Funding Rationale;
The CAB supported the intent of this application for the following reasons:
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,could allow acquisition in areas evolving as supported by transit ahead of escalating property valises
• Would leverage si nilicant funding from banks and mission -driven organizations. The k
relatively small public investment by ARCIJ would give East ling County developers access to
acquisition loans to the order of several million dollars.
• The P l l fund will fill the gap in the spectrum of financial products currently available to
developers interested in equitable TOD by allowing nixed income projects, providing longer
terra` loans for land banking purposes,; and providing larger loans for larger sites and completed
properties.
• Revolving loan hens potential for lands being made available to several projects its succession,
and a return to city if the program is ended.
• Moans would be secured by real estate which could be sold at future value should individual
projects not move forward,
While the CAB supports the intent of the Rlll fund, because it is in its formative stage, it is not as
evolved as many other programs. In addition, the program is unique in that it will support a wide range
of types of housing with different financing and affordability levels. chile these circumstances provide
challenges, it is still recommended to make a'conditioned funding award at this time because of the
important intent of the program and it would also allow ARCH members to be involved with the
development of the program and better insure that ARCH member interests are accounted for in the
program, The conditions clarify program issues that at a minirnurn roust be addressed prior to program
implementation and also provide for the ARCH executive Board final review.
Potential Conditions;
ecial l Revised Conditions:
I . The funding commitment shall' continue for nine 9 months from the date of Council approval
and shall expire thereafter if all conditions are not satisfied. An extension may be requested to City
staff no later than sixty hti days prior to the expiration date. At that titre, the applicant will provide a
status report on progress to date, and expected schedule for start of construction and project completion.
City staffwill consider an extension only on the basis of documented, meaningful progress in bringing
I the prcaject to readiness or completion t a minimum, the applicant will demonstrate that all capital
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funding has been secured or is lively to be secured within a reasonable period of time. City staff will ;s
grant Lip to a 12 month extension.
?. Funds shall be used by the Agency toward seed money for loan fund. f
. Completion of an lnterlocal Agreement and Credit Agreement that is reviewed and approved 7{
through the ARCH Executive Board and that at a minimum address. 3
• Program and .reject criteria in ludin : t
o Geographic balance for use ofthe 'fund, with goals for sub -regions including least ling u
County:
o Defined transit oriented neighborhood areas eligible for use of the fund with flexibility over
time to account for changes in land use and transit service.
o Criteria for eligible borrowers.
o Overall'affordability goals for housing cheated through fund. This should allow for different
levels of affordability to encourage a range of types of developments and variety of i
financing approaches.
o Criteria for establishing loan terms (e.g. amount, interest rater, duration) for individual
projects.
jects. i
o Guidelines regarding eligible types of development, with the primary objective being the
development of housing that includes affordable housing in stand-alone or mixed use
development. Also provisions to help benefit other non -housing uses e.g. community
facilities; small businesses as a secondary use in mixed use developments to encourage
vibrant urban centers.
o Minimum developer contributions and how REDI funds could be blended with other
funding sources.
o Review/underwriting criteria for evaluating individual sites, including establishing
milestones to be able to evaluate appropriate progress on individual sites. Include some
level of flexibility in these criteria to be responsive to different market conditions throughout
the region.
o procedures for disposition or other use of properties that are not able to proceed as proposed..
o Clear direction/policy regarding relocation.
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Governance issues including:
i, o Committee structure (Oversight and/or loan), membership, frequency of meetings and
responsibilities. Address ARCH Representation in governance structure.
ti o Process for identifying a fund manager and the roles and responsibilities ofthe fund
manager.
o Proceduresdprocess tine fund will use to review individual applications and develop funding
=z recommendation.
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{ o The amounts and terms of funds from each investor, including minimum funding levels
C needed from each funding tier for program to become operational,
o Novi° losses are allocated:
jo Process for regular review and evaluation of REDI Fund activity and revisions to fund
priorities and structure
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4. Subunit monitoring reports quarterly through completion of the project, and annually thereafter.
Subunit a final budget upon project completion.
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. Funds will be in the form of deferred 0% interest loan with repayment upon closing the loan
pool.
3. Parkview Homes Xi
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Funding Request: $200,800(Secured Grant)
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CABRecommendation: $200,80 (Secured Grant
See attached Funding Chart for distribution of City burns
Project Surnrnary:
Parlev'iew Services, a Shoreline -(rased non-profit organization which to date has done 158 beds in 53
properties in the region, with this project is proposing to develop two homes in King County. The
ARCH application is to help fund one of those homes, a Supportive Living Services lJorne in Bothell or
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Kirkland. The other home will be in Federal flay. For the ARCH sphere home they plan to acquire k
and remodel a three -bedroom house that will serve three ( low-income individuals with
developmental disabilities. A specific home will be identified once all funding is committed.
Improvements will include remodeling to meet both Evergreen sustainability° and ADS (Americans
with Disabilities Act) accessibility standards, and a monitored lire suppression` system. >
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There currently is no site control. The house to be bought will be remodeled to include accessibility
features necessary for the initial tenants and for future tenants. Parkviev will be looking to acquire
suitably laid out minimum 1,500 square foot rambler -style houses that can easily be modified for
accessibility.
Funding Rationale
The CRAB supported the intent of this application for the following reasons:
Serves neediest develop mental ly disabled residents by relying on referrals from the State DDD
for new residents
Provides housing for a population (Special Needs housing) that currently is below long terns
ARCH, Trust Fund goals
Property will have 17 non-resident care provider coverage
Acquisitions to be doge near transit and community amenities
Developer has long track record with properties in King County and good reputation with
funders and Department of Developmental Disabilities
Is on the Department of Cornrnerce Trust Fund LEAP (Legislative Evaluation and
Accountability Program) list in the special needs set aside
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Potential € editions.
E, Standard Conditions: Refer to list of standard conditions found at end of this rne~mo
Special / Revised Conditions.
{ 1. The funding commitment shall continue for sins (b) months from the date of Council approval and
shall expire thereafter if all conditions are not satisfied'. An extension may be requested to ARCH
c staff no later than suety 60) days prior to the expiration mate. At that time. the applicant will
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provide a status report oil progress to date, and expected schedule for start of construction and
protect completion. ARCH staff will consider an extension only on the basis of documented, k
meaningful progress in bringing the project to readiness or completion. At a minimum, the
applicant will demonstrate that all capital funding has been secured or is likely to be secured within
a reasonable period of'time. ARCH staff will grant up to a 12 month extension. Ifnecessary a
second extension of up to 6 months may be requested by following the same procedures as the first
extension,
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Funds shall be used by the Agency toward acquisition and closing costs and developer fee. funds
may not be used for any other purpose unless ARCH staff, has given written authorization for the f
alternate use.
3.
Par vieww shall not proceed with searching for a house until all funding commitments have been
received. The Agency shall only purchase unoccupied homes or owner occupied homes in order
to not trigger local and federal relocation regulations.
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Prior to acquisition, the Agency shall submit an appraisal by a qualified appraiser, The appraisal shall
be equal to or greaterthan the purchase price.
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IfC DBG is a funding source, site control cannot be entered into until the completion of the HUD
required Environmental Assessment. 'Cho option agreement shall contain language that addresses
federal Rinds' "choice -limiting" restrictions.
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Funds will be in the fears of secured grant with no repayment, so long as affordabilityand target
population is maintained, and the service/care providers have a contract with DDD for funds
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necessary to provide services to this population.
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7.
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A covenant is recorded ensuring affordability for at least 50 years„ with three beds for
developmentally disabled individuals at or below 30% of area median income at move in.
8.
Unless othervwrse approved by ARCH staff the development budget for the ARCH sphere house
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shall include:
The development budget will include a minimum of $3,000 of private sources provided by the
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applicant.
467, 00 combined for acquisition and construction costa In the event that total acquisition and
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rehab costs; including contingency, exceeds this amount, additional costs shall be covered by
private sources from the applicant.
• Developer fee shall not exceed $55,000.
Replacement Deserves will be funded out of operations at $1,500 for the first year with an annual
increase of 3. % per year for replacement reserves and 00 for the first year with an annual
increase of 3. % per year for operating reserves.
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Residents referred from DDD will not reserve Section 8 assistance.
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11. All cash flow after payment of operating expenses shall be placed into a project reserve account that
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can be used by the applicant for project related operating, maintenance or services expenses. Any
other use of these reserves funds must be approved by ARCH staff.
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12. In the event that any operating support funding levels will be reduced, the Agency shall inform
AACf1 Staffabout the impacts the proposed reduction will have on the budget and plan for services
to the DD clients, and what steps shall be taken to address the impacts. A new budget or services
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plan must be approved by All„1r Parkview must find other sources to make up shortfall,
13, The Agency will notify ARCH when they£ enter into an option or purchase and sate agreement for {
any home, providing information on the location of the home and terms for acquiring the home. No
home considered for acquisition will be within two blocks of another home owned by Agencyx;
unless otherwise approved by ARCH staff; The option and purchase and sales agreement shall
contain language that addresses federal funds" "choice -]uniting" restrictions.
14, Prior to closing on a home, an individualized outreach plan will be submitted to ARCH staff for
review and approval, The outreach plan will include provisions such as. z
At time of a mutually accepted purchase and sales agreement, provide written notification to `
neighbors to include Parkview's intention to purchase the house, description ofthe project, and
information regarding Parkvie v, property manager and the service provider that will include their t
websites and contact names/numbers;
At time when the horne is ready to open and after tenants move in, provide invitations to neighbors
for an opportunity such as an open house to individually and/or as a group to Meet with Parkview
and the service provider regarding the protect. provide contact information for service provider,
property manager and Parkv"iew.
1 .Once home is selected the Agency shall include ARCH Stag` in the inspection of the property and
development of the final scope of work for the rehab. The final scope of work for the basic
E construction budget shall include, at a rnimmum, all work necessary for licensing of the home and
c correction of substandard health and safety conditions. Prior to start of construction, the Agency shall
submit the final scope ofworkfor ARCH Staff approval, along with evidence that construction costs
f have been confirmed by a qualified contractor and are within the basic construction budget. All uses
of construction contingency funds must be approved by ARCH staff prior to authorization to proceed
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16. Prior to release of funds, the Agency shall submit to ARCH staff for review acid approval drafts of al
documents related to the provision of services to residents and management of the property, including
k the Memorandum of Understanding with the service provider, fonts of lease agreement with residents,
and services agreement between DDD and the Service Provider. These documents shall at a minimum
address; tenant selection procedures through DDD; management procedures to address tenant needs;
services provided for or required of tenants-, management and operation of the premises, community
and neighbor relations procedures; a summary of ARC H's affordability requirements as well as annual
monitoring procedure requirements. The plan shall also detail policies and procedures regarding
resident turnover with the express purpose placing new residents in available beds and limiting
, vacancies.
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StandardConditions:
I . The applicant shall provide revised development and operating budgets based upon actual funding
commitments, ents, which must be approved by city staff. If the Applicant is unable to adhere to the1
budgets, City or Administering agency must be immediately notified and of new budget(s) shall be
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submitted by the Applicant for the 'ity"s approval. The City shall not unreasonably withhold its
approval to (a) revised budgt(s), so long as such new budget(s) does not materially adversely
change the Project. This shall be a continuing obligation of the Applicant. failure to adhere to the
budgets, either original or as amended may result in withdrawal of the City°'s commitment of Bands,
i. The Applicant shall submit evidence of funding commitments from all proposed public sources, In 4
the event commitment of funds identified in the application cannot be secured in the time frame
identified in the application, applicant shall immediately notify City or Administering Agency,
and describe the actions it will undertake to secure alternative funding and the timing of those
actions subject to City or Administering Agency's review and approval, }{
. In the event federal Rinds are used, and to the extent applicable, federal guidelines mustbe met, 4
including but not limited to. contractor solicitation, bidding and selection; wage rates, and
z Endangered Species ,act E requirements. C DBG funds may not be used to repay (bridge)
acquisition finance costs..
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4. The Applicant shall maintain documentation of any necessary land use approvals and permits
required; by the city where the projects are located.
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. Submit monitoring reports quarterly through completion of the project, and annually thereafter.
Submit a final budget upon project completion If applicable, submit initial tenant information as
required by City or Administering Agency.
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.RGII ROUSING 'TRUST FUND (I TT) APPLICATIONSf
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Funds Requested Rousing Project Duration Total cost H7 protect h
Income
(Groot/Loon) ! Type/ Location of Benefit per unit cost per completion
Applicant Recommendation served affordable unit
of units,/
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ARCH $500,000 Acquisition of Will ^+tray 3 County area 30 years or Unknown Unknown
S[ D[ Fund Loan properties from 30%;10 more
t Tof) Land suitable for rn arket rate Sates trr be presumed
Banking) development as detern-a€aed
affordable
housing C'e'-'�ra[glvts
W€BSiYl C7itttGbYM F
1 T BD targets,
including ARCH
Where
d' CC[b'yMVt#.Yt0.t
1Ct7hl. $7tFt,000 Rehab or New 30 beds,et .�wRCH Sphere 50 Years Sta3,tafatT"bed S 1 T,000 Nov "i't[ t
Con rc turns fair Secured (grant Construction 3(t% ofIntluence
1 the ibrneless 3tt Homeless
a ,a e a a o � fr tore
ParkviovSerwrces S200800 1, tame for 3 3M" ofInflasence e- 50 Years $184836 ;$0h,933 Fall 2015
TtD florne Secured orant Deae[o[trnentrr3�3 t:rrklandr`T odiell
1 Dilbled l Site to be
determined
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EXHIBIT A
2014 HOUSING TRUST FUND;
PROPOSED FUNDING SCOURCES
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EXECUTIVE BOARD 12/11114
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PROJECT
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CFH f KCHA
REDI
P"arkviewv
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SOURCE
Winter Shelter _
Land Fund
CC Horne
TOTAL.
Request
700,000
$
500,000
200,800
1,400,800
CAR Recommendation
700,000
500,000
200,800
8
1,400,800
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Current Funding
Sub -Regional CGI G
Bellevue
C General Fund
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383,500
250,000
$
55,000
689,400
1 Issaquah
a General Fund
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20,000
36,500
5,201
$
61,791
Kirkland
General Fund
160,000
120„000
-
280,000
COBG
80,12
800152
Mercer is
General Fund
€1
7,000
$
11,500
1,500
$
20,000
Redmond
General Fund
50,000
$
50,000
100,000
1 CCC%
47,232
47,232
Newcastle
General Fund
7,800
700
8,500
Kenmore
General Funny
20,000
25,000
4,285
40,285
General Fund
4,000
5
7,000
1,500
6
12,500
k S
ammamish
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General Fund
$
18,000
$
1,600
10,600
2
l Clyde Hill
General Fund
13,800
1,200
5
15,000
Medina
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General Fund
$
11,300
1,040
$
12,340
Yerrurrr Paint
.,€
7
General Fund
2,300
$
200
2,500
Hunts Point
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General Fund
2,300
$
200
$
2,500
{. TOTAL
$
700,000
$
500,000
200,800
$
1,400,800
4
S
CDBG
127,384
127,384
General Fund
700„000
$
500,000 $
73,416
1,273,41
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EXHIBIT
's
ARCH HOUSING TRUST FUND, 2014
Leveraging Funds - -
ARCH
KC HApMC;urrgregoiioor;
_Parkvieaw Sexiees
RE01 Food
E KC Perms Wimer Shelter
ARCH S there Mme
TCF"1`AL
Ptvnr ARCH C'.enrmiament "
_.
-
SO 3
Cwtesa r P01 Request $.$tg5.Mlo
S700,O00
S200,8N)
SI,+9W,900 '
`"...,yyy� »
s, +. ,.,. .r .,t.a } t' .��. � � ..r ea .a..
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King County
Print KC Cmiimitmerg
H(dki07Md;,CDBCi
iih UDr
517$..0
sl'17S,309
aiasprZ6i�3
St1
G'e4eaan 'ilkiranan Smims
S6s
Other
�S1;tO)AX) 3
.ug,opCl,wo
' 2�%i2 ��2ymmY,tJm i'
g wg
i`6or WA R_"etaimur€en1
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WA HAP
SO l
WAHTF SO s ..
i(XV0)
S675,400
$1,074,400
%VA Uri (Equity kuun46
$t1
4A FitC Wapshina on Works
So
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So d
section 81
so
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C3iisees MobihjCram) S 2,5GX3,(Xk)
S2.SfK,iiS
:., thV;*•�`a^�ti,t.tt<"`tk �`�t2.,lti.., �.UY, , - , t, txi^;:�, > . , �' s
'tat C"redita
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0%
Prior Tax Credit Z"*;ettitntertt N m
4+116Other
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eta
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S17,500,000 s
Mlerred aaedteiu er h'ee _ _
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Prirwie S7,500,000 3y%
S69n7,(X)U
191% $3, )
_
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$ ,103„(3()C
Other {C31rgr%ealflHei SI'mr,ilw .C%
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EXHIBIT
ECONOMIC SUMMARY: EKC Men's Permanent Winter Shelter
1
1. Applicant/ escri tion: Congregations for the Hor less/K 1 Development of shelter to serve
a minimum of 50 homeless men„ plus servo; as day center
2. Project Location: tion: R I Sphere of Influence
f
. Financina Information
Funding Source Funding Amount Commitment
ARCH $700,000 Applied for Fall 2014
Ding County $1,000,000 Applied for Interim Fall 2014
Applying for Permanent in Fall 2015
l
4
Commerce Trust Fund $900,000 Applying in Fall 2015
3
Capital campaign $600,000 Committed
TOTAL $3,200,000
{
4. Conceptual t2velo rent Bud et:
l ITEM TOTAL. PER BED HTF
Acquisition $1,337,000 $26,740 $680,000
Relocation 20000$20,000
Construction $1,556,600 $31,132
Design $52,000 $1,040
l Development Consultant $50,000 $1,000
Other consultants 14,000 280
Permits/Fees/Hookups $8 ,200 $1,664
Finance coasts $48,000 $960
C
Reserves $25,000 $500
Other development coasts" ' 14,2 0 284
I
*Insurance, Bidding, Development Period Utilities and Accounting
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z
i 5. Debt Service Coverage; Secured grant, no repayment if in compliance,
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i, 5 eurity for Qily Funds:
• A recorded covenant to ensure affordability and use for targeted population for 50 years.
A promissory note secured by a steed of trust. The promissory note will require repayment of the grant
it amount upon non-compliance with any of the funding conditions.
1 7, Rental Subsidy: None
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EXHIBIT
ECONOMIC SUMMARY:
PARKVIEW XI
1. Applicant/Description.=
Parkview Services / Acqusition and remodeling of home to serve 3
persons living with developmental disabilities
2, Project Location:
Bothell/Kirkland area
3. Financina Information.
Funding i Source
Funding Amount Commitment
ARCH
$200,800 Applied for Fall 2014
King County
$175,308 Applied for Fall 2014
Commerce Trust Fund
$175,400 Applied for Fall 2014
Owner Equity
$3,000 Committed
"TOTAL.
554,508
4. Develo ment Bud et
ITEM
TOTAL PER BED
MTF
Acquisition
$412,000 $137,333
$180,800
Construction
$57,500 $19,167
Design
$16,000 $5,333
Consultants
$2,950 $083
Cteveloper fee
$55,000 $18,333
$20,000
Finance costs
$3,508 $1,169
Reserves
$3,000 $1,000
Other development costs*
$4,550 $1,517
TOTAL.
$554,508 184,836
$200„800
* Development Period Utilities, Insurance, Accounting
5. Qebt Service Covera .
Secured grant, no repayment of in compliance.
6. Security for Cit Funds,
A recorded covenant to
ensure affordability and use for targeted population for 50 years,
A promissory mate secured by a deed of trust, The promissory mote will require repayment of the grant
amount upon non-compliance with any of the funding conditions.
7. Rental Subsidy. bond
4
EXHIBIT A
FIGURE
ARCH: EAST KING COUNTY TRUST FUND SUMMARY
LIST OF CONTRACTED PROJECTS FUNDED (1993 --Spring 2014)
Undtsf ed
PototTotat Distribution
project
Location
Owner
Funding
Allocation Target
1. F mId Hot stn
Andrews Heights Apartments
Bellevue
Imagine Housing
24
$400,000
Garden Grave Apartments
Bellevue
DASH
18
$180,000
Overtake Townhomes
Bellevue
Habitat of EKC
t D
$120=0
Glendakt Apartments
Bellevue
DASH
82
$300,000
Wildwood Apartments
Bellevue
CASH
36
$270,000
Somerset Cardents (Kona)
Bellevue
KC housing Authority
198
$700ittt0
Pacific lien
Bellevue
Pacific Inn Assoc
118
$800,000
Eastwood Square
Bellevue
Park Vila LLC
48
$600.0
Chalet Apts
Be➢devue
Imagine blousing
14
3163,333
Andrews Glen
Bellevue
Imagine Housing
1t1Ill
$387,500
Bellevue Apartments
Bellevue „.
LIHI —
45
$8W000
YWCA Family Apartments
K.0 (Bellevue Sphere)
YWCA
12
$100.0 0
Highland Gardens (Kdahariie)
K C. (Issaquah Sphere)
Imagine Housing
54
$291,281
Cresthrie Apartments
K.C. (Kirkland Sphere)
Shelter Resources
22
$196,000
Parkway Apartments
Redmond
KC Housing Authority
41
$100,000
Habitat • Patterson
Redmond
Habitat of EKC '"
24
$446„629
Avon Villa Mobile Home Park
Redmond
MHCP ."
93
$525,80
Terrace Hilds
Redmond -
Imagine Housing
18
$442,000
Village at Overtake Station
Redmond •°
KG Housing Authority
308
$1 645,37
Surnmervisrod
Redmond
DASH
166
$1,187,265
Coal Creek Terrace
Newcastle ""
Habitat of EKC '
12
$240,837
RoseCrest (Talus)
Issaquah
imagine Housing "
40
$918,846
Mine Hdl
Issaquah
Imagine Housing
28
$450DOO
Clark Street
Issaquah
Imagine Housing
36
$365,000
Lauren Heights (Iss Highlands)
Issaquah
Imagine Housing/SRI ""
45
$657,343'
Habitat Issaquah Highlands
Issaquah *"
Habitat of EKC ""
10
$318,914"
Issaquah Family Village I
Issaquah '*
YWCA—
87
$4,382,584:
is quail Family Village 11
Issaquah
YWCA
47
$2„760,Ooo
Greenbrier Faanlly Apts
Woodinville "'
DASH ""
50
$286,892
Plum Court
Kirkland
DASH
61 166
$1,000,000
Francis Village;
Kirkland
Imagine Housing
15
$375,000
South Kirkland Park n Rine
Kirkland
Imagine Housing
45
$901,395
Copper Larrtent
IKenmore
LIHI -
33
$452,321
Habitat Sammamish
Sammannist " * •
Habitat of KC <"
10
$853,000
Homeowner Downpayment, Loan
Various
KC,rVVSHFCIARCH
87 est
$615,000
SUB -TOTAL
1,942
$ 4,020, 16
51 ,5% (56%)
I Senior Houstnil
Cambridge Court
Bellevue
Resurrection Housing
20
$160,000
Ashwood Court
Bellevue
DASHrShelter Resources *''
so
1.070,
Evergreen Court (Assisted Living)
-Bellevue
DASHSholler Resources
64 184
$2,480,
Bellevue Manor I Harris Manor
Bellevue I Redmond
KC Housing Authority
105
$1,334,749
Vasa Creek
K.C, (Bellevue Sphere}
Shelter Resource$
so
$190,000
Riverside Landing
Bothe➢I
Shaker Resources
so
$225,000'
Kirkland Plana
Kirkland
Imagine Housing
24
$610,000
Totem Lake Phase 2
Kirkland ",M
Imagine Housing '«
8C
$736„842
Herein Landing"
Kenmore
DASHJSheiser Resources
50
$65,000
Eltswodh House Apts
Mercer Island
Imagine Housing
59
.Q 0
Providence Senior Housing
Redmond
Providence —
74
$2,239,000
Greenbrier Sr Allis
Woodinville ""
QASHIShelter Resources
50
$196,192
SUB -TOTAL
676
$10,206,783
23.214 (19%)
8
EXHIBIT;A
FIGURE 1
ARCH: EAST KING COUNTY TRUST FUND SUMMARY
z
LIST OF CONTRACTED PROJECTS FUNDED (1993 - Spring 2 44) 3
UnItalseal Pet of Total Distribution
Project Location Owner 6; Funding Allocation Target 1
a
3„ ftornelessFfiransitldr��l Haausin#t i
x
l
Hopeknk Place Bellevue _ "' Hopelink 20 $500
Chalet Bellevue Imagine Housing A $46,667
Kensington Square Bellevue; Housing at Crossroads 6 $250,000
Andrew's Glen Bellevue; Imagine Housing 30 $1,162,500.
Bellevue Apartments Bellevue «.«d LIHII - 12 $200,000
Sophia Place Bellevue Sophia Way 20 $M,0001
Dixie Price Transitional Housing Redmond HomAnk d $71,750 z
Avondale Pare Redmond Hopallnk (FHA) 18 $280,000
Avondale Park Redevelopment Redmond Hopotnk (ERA) 60 $1,502A69 i
Potter Court Kirkland KITH A $100,000
Francis Village Kirkland Imagine Housing 45 $1,125 I'
South Kirkland Park n Ride Kirkland **` Imagine Housing 12 $225 3A9
Totem lake Phase 2 Kirkland Imagine Housing 15 $138 158
Rose Crest (Takrs) Issaquah Imagine Housing W. 10 $229,712
< Lauren Heights piss Highlands) Issaquah $RI "« $ $73,038
Issaquah Fam4 Village l Issaquah YWCA "® 10 $503,74
t ,
SUB -TOTAL 267 $6,658,387 15.1% (13 )
A. Bgeclal Needs Heusin
i My Friends Place K C BDVP 6 Beds $65 DOO
Sillwater Redmond Bastside Mental Health 19 Beds $187 787
Foster Care Home Kirkland Friends of Youth A Beds $35,000
I FOY New Ground Kirkland Friends of Youth 6 Emits $250,000
DD Group House 7 Kirkland Community Living 5 Beds $100,000
} Youth Haven Kirkland Friends of Youth 10 Beds $332,133
i FOY T'ransillonal Housing Kirkland Friends of Youth " 10 Beds $252,624
FOY Extended Foster Cast Kirkland * Friends of Youth — 18 Beds $112 62
d DD Group Home A Redmond Community Living 5 Beds $111,261
DD Croup Haines 5 & 6 Redmond/KC (Bothell") Community Living 10 Beds $250,D00
United Cerebral Palsy BelievuelRe arond t1CP 9 Beds $25,000
DD Group Hume Bellevue Residence Fast 5 Beds $40,000
AIDS Housing, BeilevueJKirkiand AIDS Housing of WA 10 Units $130,000
t Harrington House Bellevue AHAJCCS 8 Beds $290,209
DU Croup Home 3 Bellevue Community Living 5 beds $21,000
i Pa)kview DD Condos Ili Bel vue Parkiriew A $200,00
t=
ERR DD Home Issaquah IFRR 6 Beds $50,209
FFC DD Homes NE KC FFC' 8 Beds $300,000
Oxford House Bothell Oxford/Compass Ctr 8 Beds $80,000
Parkview DD Homes VI Bothell'Believue Parkview 6 Beds $160,000
FFC DD Home it TBD FFC A Beds $168,737
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l SUD-TOTAL 18 SedislUnIts $3,151,587 2a7r tt2°raj
t TOTAL 3,633 $44,037,270 100A
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1 Funded through Bellevue Downtown Program 10%
,Also, includes in -kind contributions (e.g land, fee waivers, infrastructure improvements)
(€ • * Amount at Fee Waiver still to be finalized
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