HomeMy WebLinkAbout4.b. Presentation by Dakota County HRA on Senior Housing Design �
+ CITY OF ROSEMOUNT
EXECIITIVE SIIl�Il�iA,RY FOR ACTION
PORT AUTHORITY MEETING DATE: JUNE 21, 1994
AGENDA ITEM: DAKOTA COUNTY HRA SENIOR AGENDA SECTION:
HOUSING DEVELOPMENT OLD BUSINESS
PREPARED BY: JOHN MILLER, AGENDA N0.
ECONOMIC DEVELOPMENT COORDINATOR 4 . B.
ATTACFID�IENTS: CORRESPONDENCE FROM THE HRA APPROVED BY:
DATED JUNE 21, 1994
Recently there has been a fair amount of discussion about the planned
senior housing project. In particular, the development agreement between
the HRA, the port authority, and the city of Rosemount states that a three
story building is to be constructed.
In response to neighborhood concerns about the compatibility of the
structure with single-family homes in the area, the port authority has
asked the HRA for cost estimates to construct a two-story facility. The
attached memorandum from the HRA provides those cost estimates . In brief
the totals are:
Additional land purchases $248, 000
Additional construction costs 5200, 000 .
Total $448, 000
The source of this money would be from excess tax increment financing
probably generated by the CMC Heartland project .
I have visited with Diane Nordquist of the HRA about a possible partial
two-story. That would save some money and the commissioners may want to
discuss that option as well as others with the HRA. In any event, the
senior housing project represents a major expenditure and should be
carefully considered and studied.
If the board members at some point do want to pay additional money for
design changes in the building, action to amend the development agreement
would be required.
RECOI�Il�SENDED ACTION: No action required at this time. Discussion
item only.
PORT AUTHORITY ACTION:
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DAKOTA COUNTY Housing &Redevelopment Authority ��iz-4z3-4�o0
Z496-145eh St.W. • Rosem<�unt,MN»068 •T.D.D.612-423-81�32 •FAX fi1Z-4Z3-818�
MEMORANDIIM
TO: Rosemount Port Authority
FROM: Dakota County Housing and Redevelopment Authority
DATE: June 21, 1994
SUBJECT: Rosemount Senior Housing Development Costs For Two
Story vs. Three Story Building
At the request of the Rosemount Port Authority and Rosemount City
Council, the Dakota County Housing and Redevelopment Authority
(HRA) has put together information estimating additional costs for
constructing a two story senior housing development located on the
Cameo Avenue site. The Cooperation Agreement between the HRA, the
Port Authority, and City of Rosemount approved on January 14, 1994,
calls for the construction of a three story building. Should the
City and Port Authority decide on a two story building, the
additional cost for construction and land acquisition must be
provided through city resources.
The attached charts show estimated additional costs for site
acquisition and construction. The estimated cost for acquisition,
relocation, and demolition is based on assessed market value,
maximum relocation benefits, and demolition of three additional
single family residential properties. The additional construction
cost estimates have been provided by BRW Elness Architects,
designers of several Dakota County HRA senior housing developments.
Construction costs are based on increased foundation and roof space
at about $30 to $40 a square foot, or an overall increase of about
$4, 000 to $5, 000 per unit.
The HRA has addressed this issue for other senior housing
developments. Several senior building have been designed with a
combination of two and three stories. The combined two and three
stories reduces the overall scale of the building giving it a more
residential feel. The increased costs associated with a
combination of two and three stories varies according to the
overall percent of the building designed with two stories. This
option can be explored further by the HRA.
"AN EQUAL OPPORTUNITY EMPLOYER"
.
ORIGINAL ESTIMATED PROJECT ACQIIISITION COST SCHEDULE
THREE (3) STORY BIIILDING
Source 1994 1995 1996 1997 Totals
Rosemount TIF Funds 0 56,000 55,000 55, 000 $166, 000
City CDBG Grants 264 ,000 0 150.000 0 �414,000
264, 000 56, 000 205, 000 55, 000 $580, 000
REVISED ESTIMATED PROJECT ACQIIISITION COST SCHEDIILE
TWO (2) STORY BUILDING
Source 1994 1995 1996 1997 Totals
Rosemount TIF Funds 0 205,000 205,000 204,000 $ 614,000
City CDBG Grants 264 , 000 0 150, 000 0 $ 414 , 000
264,000 205, 000 355, 000 204, 000 $1,028,000