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HomeMy WebLinkAboutIII. Tab 4. Economic Impact & Environmental StudiesTHE V1L L,,A--,--G,ES APART MENTS Economic Impact Analysis Submitted to: City of Miami Prepared For: PENINSULA DEVELOPERS Prepared by: S,HARPTON, BRUNSON & COMPANY, P.A. One Southeast Third Avenue Suite 2100 Miami, Florida 33131 (306) 374-1674 SHARPTON, BRUNSON & COMPANY, P.A. ss ConSLAIMMS Certified Public Accountants & Busiric THE VILLAGES APARTMENT TABLE OF CONTENTS PAGE(S) The Project Overview 1 Executive Summary Introduction 2 Summary of Benefits 3 Objectives And Definitions Objectives 5 Definition of Economic and Tax Impact 5 Direct and Indirect Effects 5 Measures of Economic Impact 6 Description of Results 7 Discussion Of The Results By Economic Indicators Impact Indicators 8 Results of Indicators 8 Impact of Construction 8 Impact of Ongoing Operations 9 Impact on Local Tax Revenues 9 Analysis by Economic Indicators 9 tmpioyment a Wages 10 Output 10 Local Taxes 11 Public Sector Cost 12 Impact Fees 12 Exhibits Exhibit I: Summary of Economic Impact 13 Exhibit II: Impact and Other Fees 14 Project Overview The Villages Apartments (the Project) is an eleven acre 574 -unit affordable rental community featuring multiple residential buildings, a 2 - story clubhouse and 850 parking spaces. Designed by Arquitectonica, the Villages' amenities include lush landscaping, outdoor recreation areas, a community pool, a lanai and access to retail shops. All of these public spaces are interconnected by a linear park and a continuous scenic pedestrian walkway. These amenities provide recreation and stimulation of personal interaction amongst its residents. "The Village" will not only provide an economic benefit to Miami -Dade County, but it will also be a social benefit to its residents. The development will be located at the historic Knight Manor site which was formerly called "Carver Village." Embracing the "Village" name and combining it with a modern urban residential community in the heart of Miami will be a welcome addition to the Model -City community, -1- Introduction This document represents an in-depth economic and tax benefits analysis of the developmental and operation of a first class condominium building and retail facilities. The Project currently contemplated is comprised of the following components: ❑ 574 units of high-quality residential ❑ Strategically designed outdoor recreational area/facilities ❑ Spacious club house ❑ 850 parking spaces This analysis encompasses the entire Project and estimates the economic and tax benefits for both its developmental and operational phases. -2. Summary of Benefits, The Project will bring significant economic benefits to the city of Miami (the City). This section summarizes the impact of the project on employment, public sector revenues and other economic benefits as a result of the development. Employment Employment considerations include the direct employment resulting from the Project. Average developmental construction phase employment will be for approximately 146 employees and the Project management is expected to employ 7 people for on- going maintenance and operations of the facilities. Wages To compute the wages associated with the new employment we started with budgeted data directly related to the developmental and operational phases of the Project, and we incorporated data from our research on retail sales. Total direct and indirect impacts expected from wages associated with the new development approximate the following: One Time $46,261,206 Annual $ 300,672 Tax Revenue The estimate of the public sector revenues associated with the development includes taxes and other revenues generated directly by the Project. Although public sector costs are important elements in measuring fiscal impact, these benefits have not been quantified in this document. This analysis only measures the benefits derived from the development. Annual tax revenue expected to be created totals $2,501,464. Output The estimate of total economic impact is measured by total output. This analysis measures the economic impact of developmental costs and ongoing, operational expenditures. To determine the effect of re -spending within the City, we utilized a multiplier to compute total direct and indirect benefits. Total output expected to be generated, as a result of the developmental and operational phases of -the Project -will approximate the following: One Time $ 166,665,147 Annual $ 7,295,319 -3. Al-NUK Summary Of Benefits, Significant Community Benefits: ➢ Jobs ➢ Wages ➢ Taxes ➢ Economic Activity Residents', Office Workers' and Retail/Restaurant Employees' Spending Impacting Local Businesses: ➢ Food ➢ Recreation/Entertainment ➢ Transportation ➢ Retail The following table and charts summarize the economic impact of The Villages Apartments project. CONSTRUCTION ANNUAL PERIOD IMPACT RECURRING Economic Activity Stimulated Output $ 166,665,147 $ 7,295,319 Wages Taxes Jobs Created 46,261,206 300,672 2,501,464 $ 212,926,353 146 $ 10,097,455 7 -4. AM Objectives And Definitions Objectives The objective of this analysis is to provide information on the various benefits created by the Project and to prepare an estimate of such benefits to the City. Our analysis is based on an economic model, which estimates economic and tax impacts of various projects on a designated area. The model is specifically tailored to the City of Miami (the City). Definition of Economic and Tax Impact The construction and subsequent operation of the Project will create important benefits within the City. These benefits include new income, new jobs, new tax revenue and new economic activity impacting upon every sector of the local economy. Moreover, through the multiplier effect of re -spending and reinvesting, indirect economic benefits are added to the direct benefits brought about by initial construction expenditures, the expenditures from ongoing operations and new spending Direct and Indirect Effects The total economic impact of public and private projects and policies on a region does not end with the impact from the initial construction expenditures; the continued benefits to the local economy must also be considered. Income to firms furnishing construction materials and services is subsequently converted into employee salaries, material purchases, investment in plant and equipment, savings, profits, purchases of services, and a variety of other economic activities. Income to laborers is subsequently respent for purchasing of food, housing, transportation, education, entertainment, medical and dental services, clothing, personal services, and a wide variety of other goods and services. Furthermore, income to the governmental unit is respent as salaries, purchases, and support of a variety of programs, including education, transportation, and social services. In turn, 'individuals, firms, and governments furnishing these goods and services again spend their income for more purchases, salaries, investments, and savings. In this manner, indirect benefits result each time the initial sum is respent, and the additional sum available in the local economy induces further job creation, business development and savings. Quantification of these indirect benefits has been the object of considerable economic study. Because economic relationships are so complex in our modern society, no single area or political unit is a unit. Therefore, purchases from other areas and political units are necessary, and goods services are exported in return. As purchases are made from other units, some of the benefits of economic re -spending are lost to the local economy. Ultimately, a smaller and smaller portion of the initial sum would remain, until, after several rounds of re -spending, an insignificant sum is left. -5- Objective And Definitions The indirect effects can be viewed as a set of "ripples" in the economy. Indirect, like direct, resources require labor, materials, equipment and services for their production to induce further job creation and spending of wages. The "ripple" of the indirect effect multiplies the original impact of the purchase. The common measure of the magnitude of the "ripple" effect is called a multiplier. A multiplier measures the total magnitude of the impact on each particular economic indicator as a multiple of the initial, direct effect. For instance, a multiplier of "1" would signify no "ripple" effects as the total impact is 1 times the initial impact, while a multiplier of "2" would imply that the total impact is 2 times the direct effect. The actual magnitude of a multiplier depends on the likelihood the goods and services purchased in a region would be produced in, or provided from the region. The model we used to estimate the multiplier developed by utilizing past consumption and production patterns in the City. There will be significant economic benefit derived from the expenditures of the residents of the Project on eating, drinking, grocery, recreation, retail etc. This report does not include the economic impact of such expenditures. Measures of Economic Impact Various measures can be used to indicate the impact of a policy or project on a region. Specifically, for this study, they are the increases in local employment, wages, tax revenue and output that result. Definitions of these measures are as follows: Employment is measured full-time equivalent jobs. Wages include wages, salaries, and proprietor's income only. They may include non -wage compensation, such as pensions, insurance, and other fringe benefits. Wages are assumed to be expended by households in the area at which the wage-earner works. Local taxes include additional revenues from both ad valorem and non ad valorem assessments. Direct expenditures include those sums expended for land acquisition, site preparation and all hard and soft costs associated with a project. Indirect expenditures are those sums expended -within -the -local -economy -as a result of the "ripple" effect described earlier. Output describes total economic activity, and is essentially equivalent to the sum of direct and indirect expenditures (exclusive of wages and taxes). .6. Objectives And Definitions Description of Results For the purpose of describing the total economic benefits of the Project, the related expenditures and economic activity stimulated have been broken into two categories: ➢ Developmental ➢ Annual Recurring Developmental expenditures include those expenditures related to the design and construction phase of the Project and related amenities. Annual recurring activities stimulated are those expenditures incurred in connection with the ongoing operation of the Project, and the sales and expenditures of the retail enterprises leasing space at the Project. -7- Discussion Of The Results Ahx By Economic Indicators, Impact Indicators We measured the Project's impact on four commonly used indicators of economic activity. Those indicators are: ➢ Jobs ➢ Wages Total output ➢ Local taxes Results of Indicators Exhibit I details the Project's direct and indirect impact on the above economic indicators for Miami. A summary of such impact follows: The economic indicator most commonly measured, and publicly reported on to gauge the economic impact of a public project is output. The impact of a project on the indicator output is often referred to as the project's economic impact. Impact of Construction The site preparation and construction expenditures, including soft costs and impact fees are estimated at $113 million. Such activity will create approximately 146 new full time equivalent jobs and employ a maximum of 179 workers during peak periods. The workers will earn approximately $24.4 million in direct wages. DEVELOPMENT OUTPUT WAGES TAXES EMPLOYMENT One Time: Direct $ 88,689,414 $ 24,617,500 Indirect 77,975,733 21.643,706 $ 166,665,147 $ Annual: Operational: Direct $ 3,882,141 $ Indirect 3.413.178 46, 261, 206 160,000 $ 2,501,464 140.672 $ 7,295,319 $ 300,672 $ 2,501,464 146 146 7 7 MF -12 Discussion Of The Results By Economic indicators Impact of Ongoing Operations As a result of the on-going operation and maintenance of the Project, Miami will gain approximately 7 new, permanent full-time equivalent jobs. The wages of the workers who obtain these positions will provide an impact of approximately $300,672 annually. The total expenditures for the Project's operations, will provide a new, permanent impact of $7.2 million annually to the City's economy. This impact consists of the effects of the direct expenditures from the maintenance, security and day-to-day operation of the Project, and the multiplied effects of such spending thus creating indirect benefits. Impact on Local Tax Revenues As a result of the construction and operation of the Project, various state, city and city governments and agencies would gain an estimated annual tax benefit of $2.5 million. Analysis by Economic Indicators Our analysis of the economic and tax benefits of the Project was done by each major phase of the Project. We identified the major phases to be developmental and operational. This analysis determines the economic benefits to the City by identifying such benefits for each of the phases. The effects on economic indicators used to measure benefits (employment, wages, output and taxes) were computed for each phase. Employment Employment is one of the most important economic benefits of the Project. It is one of the most accessible and direct benefits for the City's residents and it's residents and is a primary means by which developmental, operational and maintenance expenditures generate indirect economic benefits. A portion of this employment occurs on-site as a result of new spending at the retail enterprises, and a portion is derived from on-going operations of the Project. Further employment is generated off-site by the expenditures of employees of the Project and businesses located in the Project, at area businesses. As can be seen in Exhibit I, total short- term (developmental) employment will average 146 employees over a thirty- six month period and the total on-going employment will average 7. The total on-going positions can be summarized as follows: Management Security Parking Maintenance/Facilities Retail -9- Discussion Of The Results By Economic Indicators, Wages The analysis deemed wages are a direct by-product of employment. As discussed in the above section, both on-site and off-site jobs are created. There were both temporary and permanent in nature. To compute the wages associated with the new employment we started with budgeted data directly related to the developmental and operational phases of the Project. Employment, such as construction related employment, was obtained directly from construction estimates. These numbers were tested for reasonableness. Output The output generated, as a result of the development and operations of the Project, is caused by the following type of expenditures: ➢ Development costs expended in ➢ Annual operational expenditures of management company ➢ New spending in the locality by employees of businesses located in the Project To incorporate the impact of dollars being respent and/or reinvested in the City, a multiplier was applied to total direct output. A multiplier of 1.8792 was used to determine total direct and indirect output created by the Project. This multiplier indicates that for every $100 spent in Miami, another $187.92 will be respent or reinvested in Miami, This multiplier was obtained from the Dade City Planning Department. Direct output from the developmental phase of the Project is primarily a result of developer costs. These costs include land acquisition, site preparation and soft and hard costs relating to the Project's construction. To determine the total output we determined what development costs were expected to be or had been spent in Miami. Total direct output during the development phase is $89 million. Total indirect output created by the direct re -spending in Miami is $78 million. Thus total Miami output from the development of the Project is $167 million. -T-he final -component of -output results from the direct operating expenditures of the Project, and the indirect benefits created as a result of the multiplier effect on direct output. The Developer provided us with an annual operating budget for the Project. An overall assumption was made that all expenditures would be spent initially in the City. Discussion Of The Results By Economic Indicators I. Output (Contd.) The total operating expenditures incorporate all estimated expenses of the ongoing operation of the Project. The impact of the retail enterprises was measured separately as an economic indicator. To incorporate the potential respending and reinvesting in Miami, the multiplier effect was measured. By applying a multiplier of 1.8792 to the total direct output from operating expenditures and the retail enterprises, we determined total output (direct and indirect) from on-going operating expenditures and retail sales. Local Taxes This assessment base is very conservative since tax on real property typically is assessed on appraised values and not actual cost. The basis for ongoing taxes is also overall cost. The mileage rate was obtained from the City Tax Collectors office relative to the Project's location. The projected annual real property taxes are approximately $2.5 million. Total ad valorem taxes assessed by Miami -Dade County are allocated based on mileage rates to certain governmental entities. Listed below is the allocation of projected tax revenue. A key and significant benefit generated City Operating $ 824,206 from the development and operation of the Project is taxes. Several types of School Operating 854,705 tax revenue will be generated from this County Operating 517,069 project including ad valorem taxes. Specific ad valorem taxes include real Debt Service -City 65,215 and personal property taxes. Other Debt Service - County 32,178 taxes include occupational taxes and South Florida Water 60,360 _community d_e_v_e.l.o.pm.e.nt taxes. Library Operating 43,379 New real property taxes will be assessed on the Project. The assessment is based on a predetermined mileage rate being applied to the taxable value of the real property. We computed real property taxes for the developmental phase based on the cost of the development of the Project. School Debt Service 42,679 Florida Inland Navigation 3,895 Environmental Projects 10,094 Children's Trust 47,681 TOTAL $2,501,464 SEE Discussion Of The Results By Economic Indicators Local Taxes (Contd.) Although not quantified, the City, through its receipt of allocated state sales taxes will receive an additional benefit as a result of the development and operation of the Project, and from the retail enterprises. Public Sector Costs Impact fees Very significant factors in measuring the economic impact on a specific region of a project are impact and other required development fees. A summary of these fees are listed below: ➢ City of Miami Developmental Impact Fee ➢ City of Miami Developmental Admin Fee ➢ Downtown Development Supplemental Fee ➢ Miami -Dade County School Impact Fee ➢ Building Permit Fee ➢ Installation Energy Fee ➢ Other Fees For the purpose of this economic impact analysis, fees are included as a part of the direct development cost (output). Impact fees total approximately $3,63,602 and other fees total approximately $1,120,578. These fees are shown in detail in Exhibit Il. -12- Exhibit List Exhibit I Summary of Economic Impact Exhibit II Impact and Other Fees -13- OUTPUT WAGES EMPLOYMENT TAXES DIRECT DEVELOPMENTAL $ 88,689,414 $ 24,617,500 146 OPERATIONAL 3,882,141 160,000 7 $ 2,501,464 TOTAL DIRECT 92,571,555 24,777,500 153 2,501,464 INDIRECT DEVELOPMENTAL 77,975,733 21,643,706 OPERATIONAL 3,413,178 140,672 TOTAL INDIRECT 81,388,911 21,784,378 - TOTAL BENEFITS $ 173,960,466 $ 46,561,878 153 $ 2,501,464 TOTAL DEVELOPMENTAL $ 166,665,147 $ 46,261,206 146 TOTAL OPERATIONAL 7,295,319 300,672 7 $ 2,501,464 TOTAL BENEFITS $ 173,960,466 $ 46,561,878 153 $ 2,501,464 -13- Exhibit . 11 Impact and Other Fees, IMPACT AND OTHER FEES: A. Development Square Footages: Square Footage 1) Gross Allowable Square Footage 723,420 2) Maximum Development Area (Total FAR) 884,739 3) Gross Parking Area 114,744 B. Impact Fees: Amount 1) City of Miami Developmental Impact Fee $ 2,698,948 2) Developmental Impact Administration Fee 80,968 3) Miami -Dade County Roadway Impact Fee 503,398 4) Miami -Dade County School Impact Fee 351,288 Total of all Impact Fees $ 3,634,602 C. Non -Impact Fees: 1) Miami Dade W.A.S.A. "connection fees" 2) Building Permit Fee 3) Installation Energy Fee 4) Major Use Special Permit Application Fee 5) Miami -Dade County Code Compliance 6) Radon Gas Fee 8) Ground Cover Fee 9) Land Use/Zoning 10) Zoning Review for Building Permit Fee 11) Certificate of Occupancy Fee 12) Application Fee Total of all Non -Impact Fees Total of all Fees for Project Source: City of Miami Planning, Building and Zoning Department. Miami Dade County Impact Fees 802,452 162,775 72,342 30,000 35,789 4,069 382 4,692 60 250 35 $ 1,120,578 $ 4,755,180 .14- ECSC �iNERGY COSI ,lLUTiONB GRAUP, LLV RE: The Villages Apartments MUSP Application Date: May 5, 2010 Environmental Impact Analysis Statement (EIAS) To Whom It May Concern: This EIAS considers the environmental and social issues regarding development as they relate to the local economy, public services, environment, and housing supply within the immediate neighborhood. I have determined that The Villages Apartments Project ("Project"), located at 755 NW 67 Street and 890 NW 69 Street; Miami, Florida 33150 will have the following environmental impact on the immediate neighborhood. This conclusion is based on review and consideration of portions of the projects MUSP application components provided by Peninsula Developers, Inc. Documents reviewed include a Traffic Study performed by David Plummer & Associates, architectural drawings provided by Arquitectonica (Architects), a site survey has been provided by Schwebke — Shiskin & Associates, landscape plan has been provided by ArquitectonicaGEO (Landscape Architect), and a Site Utility Study provided by Kimley-Horn and Associates, The economic impact study has not been provided at this time. Please consider the following. The Project's relationship to traffic flow, pedestrian movement and transportation access is examined by David Plummer and Associates and, the final report, can be found in the MUSP application. All study area corridors were found to operate at "acceptable levels of service". The Traffic study uses 2008 traffic factors and evaluates traffic volumes through 2013. The Projects location lends itself to integration with existing public transit options. The site is in close proximity to bus routes and basic services. With linkages to public transportation and basic services there is potential to promote community connectivity and reduce single occupant vehicular trips. The project is currently is claiming a 10% traffic reduction based on pedestrian and bicycle access. Providing bike racks, thoughtful roadway/ bike lane improvements, planning pedestrian oriented hardscape and reducing parking to the minimum required by code and providing preferred parking for carpool vehicles are common approaches used to reduce traffic volumes. The development features covered bike shelters throughout which can be found on page L 1-04 and L 1-06 of .the Landscaping drawings. Please consider an approach which quantifiably reduces traffic volumes and single occupant vehicle use. In this way the Project will be positioned to demonstrate positive social, environmental and community transformation 6705 Rad Goad. SLOW 508 1 Coral Gables, Florida 33143 1 P : 305 787 4133 1 F : 786 472 6812 1 vdww.EnergCostSolutionsGrouP.Com >` P - F_0 Uhla a K by providing direct, safe connections to business centers, open space, local destinations, housing and community assets. The traffic study suggests road improvements will not be required for the increased density being requested for this Project. Encouraging bicycle riding, carpooling and use of public transportation in urban areas will reduce automobile dependence as well as the energy demand for transportation, thereby cutting CO2 emissions, and allowing for a greater service life of existing vehicular infrastructure beyond the 2013 forecast provided for in the Traffic Study. The Project consists of three phases and a total of 574 residential units in six buildings with a total area of 699,132 square feet of residential space and a clubhouse of 3,080 square feet. The Project site has been previously developed. A significant amount of additional vegetative open space is being provided above what is required by code. Additional vegetative open space when planted with native vegetation will help promote biodiversity and could potentially create a more walk able site which helps establish a sense of community. The majority of the trees currently on site are scheduled to remain or for relocation on site. All trees slated for removal are non native, invasive species. The majority of trees on site are native, well established and many are of an ecologically -significant size. Current landscape plans indicate a plant palette with a majority of native trees as well as many native shrubs and ground covers. The project is proposing to install parking lot landscaping and open space above the minimum code requirements. Vegetative open space and pedestrian oriented hardscape can be used to integrate this Project into the community / local environment and encourage pedestrian activities and biodiversity. Using native plant varieties and increased amounts of vegetative open space helps to restore habitat in dense urban surroundings. Examples of large, well developed, native vegetation provide ecologically valuable habitat. Consideration should be given to providing, mature, native or adaptive, vegetation. New trees being planted should be as mature as possible Stormwater will be managed using catch basins and exfiltration trenches in order to accommodate a 5yr 24-hour storm water event on site. This stormwater strategy will help reduce run off from the site and also minimize sedimentation of existing stormwater infrastructure. The building will generate approximately 112,608 gallons of sewage per day. Sewage will be gravity fed to existing Miami -Dade Water and Sewer Facilities for treatment. It has not been determined whether improvements to existing 6705 Rod Road, Suite 508 1 Coral Gables, Florida 33143 1 P : 305 787 4133 1 F : 786 472 0812 1 vfww.EnerBCostSolutionsGrouP.Com E C S 'NERGY COST OLUTIONS GROUP, LLC sanitary sewer systems will be required in order to accommodate this project's waste water demands. Low flow, flush and flow fixtures have not been specified at this time. In order to mitigate the volume of waste generated by this project and handled by the municipal sewer system, waterless urinals, low flow toilets, low flow showers and sinks should be considered. A two story, three floor parking garage has been designed for this project. More than 50% of the parking spaces for this project are under cover. Covered parking spaces associated with this Project allows for a smaller building footprint and will reduce the urban heat island effect. Heat Island Effect occurs when warmer temperatures are experienced in urban landscapes compared to adjacent rural areas as a result of solar energy retention on constructed surfaces. Principal surfaces that contribute to heat island effect include streets, roof tops and parking lots. These differences in temperature gradients between urban settings can be detrimental to habitat, wildlife and human comfort. Heat island effect could be further mitigated on this project by the use of roofing materials with a high solar reflective index and light concrete for surface spaces. Site lighting can also have an impact on nocturnal environments for people as well as wildlife and habitat. Reducing light pollution by limiting light trespass and up lighting can improve nocturnal environments and provide greater access to the night sky. This can be accomplished by thoughtful placement of permanent lighting, such that it does not escape through windows during night time hours, minimizing up lighting, using lower power densities then recommended by ASHRAE/ IESNA standards for exterior lighting, and by carefully designing te lighting that does not escape the site boundary horizontally or into the night sky. The Project's lighting plan has not been reviewed at this time. Site boundary photometrics and lighting power densities can be useful metrics when evaluating levels of light pollution reduction. The Projects design decisions regarding roofing materials, building orientation / shading, glazing characteristics, insulation values, hot water equipment efficiency and roof top air conditioning efficiency will greatly impact the overall efficiency of these residential units. Currently the design team has not set an overall energy cost reduction strategy compared to ASHRAE Standard 90.1 2007 and/or the latest version of the Florida Building Code. Early project documents show large northern and 6705 Red Road. Suite 508 1 Coral Gables. Florida 33'143 1 P : 305 787 4133 1 F : 786 472 6812 1 www.EnergCostSolulionsCrouP.Com ECSG ANERGY COST 4LUTIONS GROUP, LLC southern exposures. This orientation will require the design / development team to consider high efficiency HVAC equipment, high efficiency hot water equipment, in order to meet the minimum energy performance required by leading national sustainability rating systems. Providing recycling in commercial projects is law in Miami Dade County and a requirement of the US Green Building Councils LEED rating system. Currently there are large trash rooms being provided on the ground floors, however a dedicated recycling area has not been shown on the drawings. Throughout the demolition and construction phases of this Project attention should be given towards recycling a significant percentage of the demolition and construction debris. Contractors should adhere to an Erosion and Sediment Control Plan before groundbreaking in order to reduce pollution from construction activities by controlling soil erosion, waterway sedimentation and airborne dust generation as per NPDES and national sustainability standards. It is my professional opinion that the proposed development site is appropriate and that this project, when keeping with the recommendations above, will have a favorable impact on economy, public services, environment and housing supply within the immediate neighborhood. While developing the design for the Villages Apartments project on this site, consideration should be given towards establishing areas/corridors of vegetative open space, increased water efficiency, maximizing energy efficiency, using environmentally appropriate materials and achieving high levels of indoor environmental quality and occupant comfort. In this way the impact of development will be ecologically balanced with the performance of our built environment. LEED AP ECSG Environmental Consultants 786-897-7783 6705 Food Road. Suite 508 1 Coral Gables, Florida 33143 1 P : 305 787 4133 1 F : 786 472 6812 1 www.PnergCostSolutia)sGrouP.Coni