HomeMy WebLinkAboutScope of WorkAt:I.APATTAH BUSINESS DEVELOPMENT AUTHORITY, INC.
A llapattah Scattered Sites —Infill Housing Project
City of Miami loan
Scope of Work
METAORANDUM
Date: 11/214/08
To: Ms. Dolhl�. Pinkhasov
City oi'IN iami
From: Xionara Pacheco
Subject: Allapattah Scattered Sites —Infill Housing Project, Scope of Work
........ ® .. 6 a . It l .... ■ .... / .... Y Is ® . C ■ . a ■ 01 ■ 0 0 0 ... 0 .... \ . a ............... ■ 1
The attached Scope of xorks and construction schedules are tentative. The actual
schedules will defend on a set of different factors: the national and local economic
situation.. the !ocol housing market and level of unemployment, deflation, general
contractor pt1-1:rli -niianc; . banks policies and interested qualifying potential buyers
If all the factors ii,,entioned above improve favorably, all the town -homes will be
developed
nfill - CM>n; ,, v,od Pa c I of 11/24/2003
AI,J-APATTAH BUSINESS DEVELOPMENT AUTHORITY, INC.
A]lapattah Scattered Sites -Infill Housing Project
City of Miami loan
Scope of Work
Develop at lo!rn- lots donated by the City of Miami,
Develop tN in-hornes at:
1. 12;64/66 NW 31 St
3255!57 1W 11 Ct.
32J+5;47 NW 11 Ct.
4. . 790/92 NW 29 Teri.
First Twin -home lot (1264/66 NW 31 St) development schedule:
• Don -- O'btain \ acant lot, zoning_. n-tarket study, marketing plan & budget,
final -icing c:omnutment from the City environmental assessments, environmental
clearance. architectural plan & specifications, select professional team, soil report,
site plan L-Trovai, building permit.
• Deceir.l,;er 200 -- Private financing obtained from Eurobank
6 Jam_rary 2009 - Groundbreaking event
• March 2009 -- Construction start (Note: we expect tentatively to start January 2009)
® Marcl; 2009 -- Nppraisal
® June 200( - I3r:y -rs' loan commitments
nn,e:' %-1'09 -- Constructio,l completion, Certificate of occupancy (CO)
a Decet, .er 2009 - Sale of twin -homes
!111111 -- CNI '); %%ock PaLc 2 of= 11/24/2009
A BUSINESS DEVELOPMENT AUTHORITY, INC.
Allapattah Scattered Sites -Infill Housing Project
City of Miami loan
Scope of Work
Develop at Ic,L.r lots doi;ated by the City of Miami;
o Dc\Llup t%, in -homes at:
1. -"66 NW 31 St
t .; W 1 1 Ct.
'r192 N W 29 Terr
Twin -home lot: 3" 55/57 NAY I I Ct:
3245/47 NW I I (-"t.::
790/91- NW 29 Terr) development schedule:
Deme -- 1JN,,.ir vacant lot. zoning,, market study, marketing plan & budget,
firma -,till'' (01'1) DI I tment from the City environmental assessments, environmental
clearanF.:e.. -ar-111tectural plan & specifications, select professional team, soil report,
site plain approval, building permit.
•
Nov -1-4)-l-, 2'009 - Private financing from Eurobank in process
• Dccciilber=,0;0' - Groundbreakirg event
Dec 3 he 20(00 -- Construction start
® January '01.0 -- Appraisal
• Vlav 70 ! l`? Buy ers' loan commitrne;its
•
J u i " :'f' 1 n;) -- Cow�struction completion, Certificate of occupancy (CO)
o
Aui '' i C% - `,ale of twiIii-h.ornes
,iii--C'ds.c;)„, r 3oe
11/24/2008