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HomeMy WebLinkAboutCRA-R-20-0013 Bid ResponseCITY OF MIAMI RFP Number: 992381 Request for Proposals for the Development of Plat Book "B" Page 107 2035-2037-2043 North Miami Avenue, Miami, Florida A Mixed -Income Mixed -Use Attainable Housing Community City of Miami, Florida Submitted to: Charles Johnson City of Miami — City Clerk 3500 Pan American Drive Miami, FL 33133 Proposer: Magellan Housing, LLC 2100 Coral Way, Suite 405 Miami, Florida 33145 305-528-0166 Contact: Nick A. Inamdar September 11th, 2019 I. TABLE OF CONTENTS Cover Page Page 1 Table of Contents Page 2 1. Executive Summary Page 3 - 5 2. Historical Context and Future Vision Page 6 - 11 3. Qualifications and Experience Page 12 - 25 4. Organizational Chart and Directory Page 26 - 30 5. Project Team Members Page 31 - 38 6. Development Concept Page 39 - 54 7. Development Analysis Page 55 - 97 8. Public Benefits Page 98 - 105 9. Project Schedule Page 106 - 107 10. Property Management Plan Page 108 - 114 11. Financing Plan Page 115 - 131 12. Certifications Page 132 - 145 13. References Page 146 - 147 2 Tab 1 WYNW tEs EXECUTIVE SUMMARY Wynwood Works will be a signature 12-story green -certified mixed -income and mixed -use development located at 2035 North Miami Avenue, City of Miami, Florida. It will be a truly unique, mixed income community, serving residents transitioning out of homelessness to 140% AMI. An exciting and dramatic example of the success that can be achieved when the public and private sectors work together to tackle our communities affordable and workforce housing crisis. The construction of significant deep targeted mixed -income housing on this site that will seamlessly fit into the neighborhood and will exceed the standards of the City of Miami's Attainable Mixed Income Housing ordinance, will demonstrate the City of Miami's unwavering commitment to ensure quality affordable housing for working residents in all its neighborhoods. Wynwood Works Site Location Highlighted in Red 2035 North Miami Avenue, City of Miami The subject property is nearly 1/2 an acre and is located on three odd shaped lots in the southeast corner of Wynwood along the FEC railroad tracks. This is the opportunity to ensure that Wynwood remains accessible to future generations of working men and woman that have always called this neighborhood home. This opportunity is particularly important and acute now because it may be the only chance to develop a large scale deep targeted affordable and workforce housing development in Wynwood, a neighborhood experiencing ever increasing land costs and on the cusp of a major transformation as numerous developments are in the pipeline. 4 By meeting the standards of the City of Miami's Attainable Housing Ordinance, Wynwood Works will maximize density and height to create a signature development that its residents will be proud to call home. Wynwood Works will be a shining example of a public and private partnership coming together to create a beautiful, safe, and well thought out housing community. The City of Miami's growth over the last 15 years has been remarkable as there are seemingly new additions to its skyline every week in the form of new hotels, condos and office buildings. As the City continues its rapid assension from the cultural, economic, and financial center of South Florida to becoming 'The Gateway to The Americas' it also continues to get more expensive for our workforce to find safe, decent, and affordable housing. The next phase in continuing to improve the quality of housing stock in the City of Miami starts with Wynwood Works. A community that will inspire the residents of the area to take part in the monumental growth the City of Miami is and will continue to experience by having the City as their view, their backyard and their primary amenity. It represents the critical next phase in establishing a long-term signature mixed -income development in this vital urban hub and proud City neighborhood. It will address numerous community needs, including quality affordable housing and workforce housing, retail space, co -workspace, designated artist lofts, economic development, job creation, and educational opportunities. Upon completion, Wynwood Works will include a residential community, apartment homes, and facilities including several amenities and open space. 5 Tab 2 W(31RI4CS Wynwood, June 2012 Wynwood, a City of Miami neighborhood, has recently transformed into a global center for art, culture, retailers, cuisine, bars, and breweries. Recently named one of the hippest neighborhoods in America by TripAdvisor, Wynwood is undergoing a renaissance. Development projects currently under construction will add significant office and higher end multifamily apartments to the neighborhood. As developers transform the landscape and as modern-day gentrification grips the neighborhood it's important to pause and take a look back at its history. Wynwood Works will be part of the fabric of Wynwood into its future, it's important that it reflect the ethos of the neighborhood and celebrates its past. WYNdWOOD IS BORN The City of Miami annexed the area back in 1913. Originally farmland and part of the Pulaski Estate, the area was bought by a couple of early Miami settlers, Josiah Chaille and Hugh Anderson in 1917. 7 Josiah Chaille is probably best known for the Chaille Plan. The plan adopted by the City in 1920 created many of the street names and numbers in downtown Miami and the surrounding areas that exist today. Hugh Anderson was a self-made millionaire that made his fortune promoting and developing areas such as Wynwood, Biscayne Blvd, Miami Shores and the Venetian Islands. The men took out the first plat in Wynwood on January 7th, 1917 originally calling the area Wyndwood. However, the City of Miami built a park on the northern part and dropped the "d" from the name just three months later. The area became known as Wynwood Park for a long time until people finally dropped the "Park" and started referring to the neighborhood as simply Wynwood. A WORKING-CLASS NEIGHBORHOOD The Coca-Cola bottling plant at 301 NW 29th Street n Wynwood, Miami. Since its inception, Wynwood has been an area that has attracted middle class families. Early employers around the 1930's included a Merita Bread factory by the American Bakeries Company, a Coca-Cola bottling plant, and an orange juice bottling plant. In its early days, there were plenty of opportunities for middle class residents to both work and live in the neighborhood. The garment or fashion district along the southern portion of Wynwood started to emerge in the 1920's and 1930's. Fueled by migrants from Cuba in the early 1960's the growing industry found the workforce it needed for both retail and manufacturing. It grew to one of the largest garment districts in the country. In the 1980's there were well over 200 businesses in this area. Similar to many other parts of the country, at the end of World War II, there was an exodus to the newly developed suburbs. The void formed by this exodus quickly became filled by a variety of new immigrants to Miami. Throughout the mid -to -late 1900's, Wynwood became an enclave for Caribbean immigrants. A large influx of Puerto Ricans moved in which led the neighborhood to be 8 known as "Little San Juan" by the middle 1950's. This was the first big influx of Hispanics into Miami and predated by a decade the emergence of another immigrant neighborhood, Little Havana. The influx of immigrants from Puerto Rico left their influence with the renaming of many of the neighborhood's public places. For instance, Wynwood Park was renamed Roberto Clemente Park in 1974 following the tragic death of the Puerto Rican born baseball player in a plane crash. Robert E. Lee Middle School was razed to make room for a new middle school that was named Jose De Diego Middle School. Art on a Wynwood Wall "Puerto Rico I never stop loving" The community center in Roberto Clemente Park is dedicated to Dottie Quintana. Dottie was said to be the unofficial mayor of Wynwood and spent her life helping the sick, elderly and children. Dottie and her husband helped feed new Haitian immigrants when they first started arriving in the neighborhood in the 1970's and new Cuban refugees in the 1980's. By the late 1970's the neighborhood was diversifying with an influx of Cubans, Haitians, Columbians, and Dominicans and with this influx of new immigrants, who had high unemployment, the neighborhood was in decline. 9 WYNWOOD 2.0 In 1987, one of our community partners, the Bakehouse opened in Wynwood as Florida's largest working artists space. This was probably the first sign of what Wynwood would become. Soon after, in the early 2000's, other art pioneers and galleries entered the neighborhood. In the early 2000's, following more than a decade of economic exodus and depression, forward thinking developers and property owners started to recognize the importance of the emerging art scene. Wynwood Walls, Goldman Properties A few years later a new pioneer named Tony Goldman gave Wynwood a big boost when his company Goldman Properties took interest. Tony Goldman, who had contributed significantly to the emergence of SoHo and South Beach had a knack for investing in thriving artsy neighborhoods. Goldman Properties created an open-air gallery of murals called Wynwood Walls in 2009. The entire neighborhood would become a canvas for urban street art and the popularity of Wynwood skyrocketed. Today there are over 70 galleries collections and museums in Wynwood, and the Second Saturday's art -walk attracts thousands. In 2002, with the arrival of Art Basel, Wynwood became cemented as a must -visit neighborhood by the arts community. The influence and relevance of the arts community is now imbedded in the fabric of Wynwood as artists descend there from around the world, so that they can showcase their work on a wall, leading to the vivid murals that define the neighborhood. 10 As the neighborhood transforms at a rapid rate it is imperative that with all the luxury condos and fancy restaurants that the humble beginnings and melting pot community retain a place for working families and artists to sustain some of its original character and charm. Wynwood' s popularity has revived the community and made it a thriving neighborhood. Wynwood Works will ensure that working families and artists will be able to afford to stay in the neighborhood. Wynwood, December 2015 Wynwood is in its infancy in its evolution and all the new development will inevitably lead to higher rents, which is bound to set off another wave of gentrification in Wynwood. Wynwood currently has a population of about 43,410 people (49.5% males, 50.5% females). According to the 2017 census, the City of Miami total population is approximately 463,347 with a median age of 34.8 year. The total number of households within Wynwood is 15,146 with an average income of $30,735 per household and an average net worth of $221,500. Wynwood Works is a critical catalysis in allowing working families the opportunity to continue to live in Wynwood as the neighborhood stakes its place as a premiere global destination for art, fashion, innovation and enterprise. Future generations of artists, teachers, fire fighters, nurses, hospitality workers, garment workers and entrepreneurs will be guaranteed to have the opportunity to continue to call Wynwood home as residents of Wynwood Works. 11 Tab 3 QUALIFICATIONS AND EXPERIENCE Proposer MAGELLAN HOUSING Subconsultants -HASLEM .HOUSfNG VENTURES ROYAL AMERICAN COMPANIES Responsible for the Development and Management of Wynwood Works This partnership brings unmatched qualifications and experience We have developed over 150 affordable and workforce housing communities Comprised of over 10,000 units The cost basis of these developments exceeds well over a billion dollars Magellan Housing LLC principals have over 25 years of experience in developing multifamily communities and have developed thousands of affordable and workforce housing apartments throughout Florida and Texas including over a thousand restricted apartments in the City of Miami. Magellan Housing is a highly respected and trusted industry leader in the acquisition, development, marketing, and management of apartment communities. Our institutional partners and lenders are among the largest and most dedicated investors in America's communities. 13 Haslem Housing Ventures LLC was founded by Udonis Haslem, a professional basketball player for the Miami HEAT and a three -time NBA Champion. Born and raised in Miami, Florida, Udonis is committed to revitalizing neighborhoods and providing safe, decent, and attainable housing for all residents of Miami -Dade County. Royal American Construction Company, Inc. (RAC) has built more than 150 multifamily residential, rental communities since 1968. In addition to the construction of multifamily communities, Royal American Construction has built single family home communities, condominiums, timeshares, hotels, convention centers, and numerous commercial buildings. Royal American Construction' s record is that of maintaining the highest possible standards of construction within the industry. Royal American currently has 7 similar multifamily projects under construction. Royal American Management, Inc. (RAM) currently manages 200+ multifamily properties in eleven (11) different states and the U.S Virgin Islands. A majority of the properties managed have extensive compliance requirements due to their affordable programs such as Housing Credit, HOME, SAIL, and HUD Section 8. Royal American Management currently manages about 45 multifamily properties in and around Miami. The principals of Magellan Housing, LLC have been some of the most highly respected and trusted industry leaders in the acquisition, development, marketing, and management of apartment communities throughout Florida. Our institutional partners are among the largest and most dedicated investors in America's communities. Magellan Housing Principals and Executives have led and continue to lead efforts to improve the housing industry through leadership roles with local, state, and national industry organizations, boards, and through advocacy roles and appointments. We ( N V EST IN COMM lAN ITI &S Magellan Housing and its principals have developed in excess of 1,500 multifamily housing units with a cost basis in excess of $350,000,000. Magellan has vast experience in partnering with not -for - profits, community groups, and faith -based groups to meet and exceed community objectives and benefits. These community objectives and benefits include providing and creating innovative educational opportunities, job creation programs, and economic development in the community. Magellan takes seriously its social role and responsibility in the communities that it enters. 14 Magellan is committed to incorporating the latest environmental green building features, creating art in public places, and maintaining the highest standards in architectural design, density, scope and scale. Udonis Haslem, of Haslem Housing Ventures, LLC, is a professional basketball player for the Miami HEAT and a three -time NBA Champion. Born and raised in Miami, Florida, Udonis graduated from Miami Senior High School and played college basketball for the University of Florida, where he played for Coach Billy Donovan from 1998 to 2002. Udonis founded Haslem Housing Ventures to fulfill his desire to provide safe, decent, attainable housing for all residents of Miami -Dade County. Since 2005, Udonis has been very active with the Udonis Haslem's Children's Foundation whose mission it is to promote youth development and self-confidence. Through those efforts, Udonis quickly realized the importance and dire need for access to safe, decent, and attainable housing in Miami. He noticed that too often children and their families were living in substandard and even unsafe structures. Haslem Housing Ventures was formed to address this growing need. Royal American was founded in Panama City, Florida in 1968 by Joseph F. Chapman, III. Following graduation from the University of Florida, College of Law, Mr. Chapman served as Chief General Counsel for the Governor's Office of the State of Florida as well as Chief Counsel for the Florida State Road Board. Returning to Panama City in 1967, Mr. Chapman entered law practice while successfully seeking a seat in the Florida Legislature for two terms. By 1972, Mr. Chapman directed all his time and efforts to the growth of Royal American. Royal American today consists of several sister companies, vertically organized to provide the greatest degree of product control. Since the 1960's Royal American Construction has developed and constructed over 150 multifamily properties that include over 10,000 units. Royal American Management currently manages 200+ multifamily properties in eleven (11) different states and the U.S Virgin Islands containing over 30,000 units. A majority of the property' s developed and managed have extensive compliance requirements due to their affordable programs such as Housing Credit, HOME, SAIL, and HUD Section 8. Many of the properties managed are in and around neighborhoods that are being revitalized. Royal American Management currently manages about 45 properties in and around Miami, Florida, most of which are newly constructed properties that finished lease -up within the past four to six years. Property styles and types managed by RAM in these areas include high-rise, mid -rise, garden -style, and/or single-family rental communities. 15 M N Quality Affordable Multifamily Communities 16 0 ` MAGELLAN HOUSING 6 The principals of Magellan Housing are among the most respected and trusted industry leaders in the acquisition, development, marketing, and management of affordable and workforce housing communities in Texas and Florida. Our institutional partners are among the largest and most dedicated investors in America's communities. Magellan leads efforts to improve the housing industry through leadership roles with local, state, and national industry organizations, boards, and advocacy roles. Magellan Housing has developed over 1,500 multifamily housing units with a cost basis in excess of $350,000,000. Magellan has vast experience in partnering with not -for -profits, community groups, and faith -based groups to meet and exceed community objectives and benefits- including innovative educational opportunities, job creation programs, and economic development. Magellan prioritizes its social role and responsibility in the communities that it enters. We are committed to incorporating the latest environmental green building features, restoring and preserving historic sites, creating art in public places, and maintaining the highest standards in architectural design, density, scope and scale. We Invest in Communities. 18 ii ` PROJECTS UNDER DEVELOPMENT Chapman Crossings —14741 Chapman Woods Crossing - Houston, Texas Chapman Crossings is a 102-unit family project in NE Houston financed through a combination of 9% Housing Tax Credits and debt from Citibank, Freddie Mac and Harris County Housing Finance Corporation. Delivery will be December 2018. The Jasmine —100 SW 22nd Ave. — Miami, Florida Jasmine is a 96-unit senior living project in the heart of the Little Havana neighborhood of Miami. The $32 million, 8-story midrise development is financed through a combination of Housing Tax Credits and Miami Dade County Surtax. 19 BRAEBURN VILLAGE - HOUSTON URBAN LAND INSTITUTE DEVELOPMENT OF DISTINCTION WINNER - 2012 20 THE PEARL- MIAMI 21 PLAZA AT THE LYRIC - MIAMI 22 VILLA DEL PRADO - HOUSTON 23 MAGELLAN HOUSING PORTFOLIO OF EXPERIENCE Total Total NameLocatioa Location Scope of Rork' Total Unit: -Affordable U ur. Type of Property Development C o•.r Ambassador North Apartments 8210 Bauman Houston. TX 77022 Rehabalitance 100 Units 1 co-) Inc ome Resided S 10 vsv. Houston. Texas High Rise V tlla del Prado 9313 Tallyho Rd-. Houston. TX 77017 Rebabilnanon 118 Unit 1: S Income Restncted S : 4 4"o .icn Houston. Texas Garden Stvte Braeborn ViiDase -500 Bu ouet. Houston_ TX 7?0 '4 Reconsttucnon 140 Units 140 Income Restricted S 18398.798 Houston. Texas Carden Style Chapman C rosszngs 14741 Chapman Roods Crossing, Houston- TX 77044 New Constrt non 102 Units 102 Income Remitted S 18.423.872 Houston. Texas Carden Snie The Emerald 244 NW 72nd Ter. -ace. Maa= FL 33150 New Collruction 124 Units 124 Income Restricted S 33.525.628 MiamL Florida High Rise Esmeralda Bay 3780 NW 22nd Ave. )tiami. FL 33142 New Coma -anon 96 Units 96 Income Restricted S 20.563.658 MtamL Florida High Rise Gardens et Driftwood 7350 Davie Road Eraen:inn Hollywood .FL 33024 New Coastrucnon 120 thins 120 Income P,essicted S 20910,169 Hollywood Flonda Mid -Rue Lafayette Square -Apartment: 150 NE 79th Street. Miami, FL 33138 New Conga -anon 160 Units 160 Income Restricted 8 32,426,522 M ami - or.da High -Rise. Townhouses Lafayette Plaza Apartments 145 NE 78th Street Miami, FL 33138 New Construction 136 Units 136 Income P.esmcted 8 33,225.399 M.iamL Florida High -Rise. Townhouses Madison View 642 NW 5th Ate, Mann. FL 33136 New Coasmtcnm 120 Units 120 Income P.esmcted S 24.232.842 Miami Flonda Garden Magroba Landing 25881 SW 143rd Ct. Natama. FL 33032 New Conmucnon 150 Units 150 Income Restricted S 27.657505 Siiami-Dade Canny. Flanda Garden The Pearl 3380 NW 17th Ate.. Muir, FL 33142 New Consaucnon 100 Umts 100 Income Restncted S 27355386 Miami. Fonda High -Rise. Townhouses The Plaza at the L_vnc 919 NW lad Are. Miami. FL 33136 New Communal 158 Units 15S Income R esmcted Mixed Use S 40.203.456 Miami. Florida High Rise. Townhouses The Jasmine 100 SW 22nd Ave. Miami. FL 33135 New Consaacnon 96 Umts 9b Income R estncted S 32.649.731 MiamL Florida Hugh Rise Totals 1.720 S E4,642.136 24 CONTACT INFORMATION AMAY A. INAMDAR Principal — Texas 0 2911 W. Autumn Run Cir. Sugar Land, Texas 77479 0 Phone 713.540.0122 0 Amay.lnamdar@Magellandev.com NICK A. INAMDAR Principal — Florida 0 2100 Coral Way, Ste. 405 Miami, Florida 33145 0 Phone 305.528.0166 0 Nick.lnamdar@Magellandev.com 25 Tab 4 MCG Architecture and Planning, Inc. Architect Schwebke-Shiskin & Associates, Inc. Engineer WYNW'OD WoR5 Organizational Chart Magellan Housing, LLC Proposer Developer Haslem Housing Ventures, LLC Subconsultant Partner Wernick & Co, PLLC Akerman, LLP Land Use Counsel Fortis Design & Build, LLC Construction Consultant Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A. Legal Counsel 27 Royal American Construction, Inc. Subconsultant General Contractor Royal American Management, Inc. Subconsultant Management/ Accounting/ Compliance Miami Dade County Homeless Trust Homeless Referral Agency Miami Light Project Cultural Community Partner Bakehouse Art Complex Cultural Community Partner Contact Information of Team Members: Magellan Housing, LLC Nick A. Inamdar 2100 Coral Way, Suite 405 Miami, FL 33135 305-528-0166 (phone) Haslem Housing Ventures, LLC Sylvester King 954-558-3649 (phone) Royal American Construction, Inc. Harry Smith 1002 W. 23rd St., Suite 400 Panama City, FL 32405 850-914-3216 (phone) Royal American Management, Inc. Kerri Toth 1002 W. 23rd Street, Suite 400 Panama City, FL 32405 850-769-8981 (phone) Directory 28 Miami -Dade County Homeless Trust Vicki Mallett Stephen P. Clark Center 111 NW 1st Street, Suite 27-310 Miami, FL 33128-1902 305-375-1490 (phone) Miami Light Project Beth Boone 404 NW 26th Street Miami, FL 33127 305-576-4350 (phone) Bakehouse Art Complex Cathy Leff 561 NW 32nd Street Miami, FL 33127 305-576-2828 (phone) MCG Architecture and Planning, Inc. Jennifer McConney-Gayoso 7500 NE 4th Court, # 103 Miami, FL 33138 305-573-2728 (phone) 29 Schwebke-Shiskin & Associates, Inc. Alberto Mora 3240 Corporate Way Miramar, FL 33025 954-435-7010 (phone) Wernick & Co, PLLC Steven J. Wernick 89 NE 27th Street Suite 113 Miami, FL 33137 786-232-0911 (phone) Fortis Design & Build, LLC Andrew Frey 31 NW 23rd Street Miami, FL 33127 786-527-0094 (phone) Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A. Terry Lovell 150 W Flagler Street, # 2200 Miami, FL 33130 305-789-3200 (phone) 30 Tab 5 Wc:'IRI4CS PROJECT TEAM MEMBERS Magellan Housing, LLC Nick Inamdar Haslem Housing Ventures, LLC Udonis Haslem Royal American Construction Company, Inc. Harry Smith Royal American Management, Inc. Kerri Toth Miami -Dade County Homeless Trust Victoria Mallette Miami Light Project Elizabeth Boone 32 Bakehouse Art Complex Cathy Leff MCG Architecture and Planning, Inc. Jennifer McConney-Gayoso Wernick & Co, PLLC Steven Wernick Fortis Design + Build, LLC Andrew Frey Schwebke-Shiskin & Associates, Inc. Alberto Mora Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A. Terry Lovell 33 Magellan Housing, LLC - Developer Managing Partner, Nick Inamdar specializes in project management, legal structuring and finance. His relevant experience includes the development and financing of over 1,400 affordable (restricted) housing apartments in South Florida with a cost basis in excess of $260,000,000. He will direct and coordinate development efforts to completion including securing financing. His relevant experience includes coordinating development of numerous Miami projects in scope and size to the proposed project. He recently served as Chair for the Florida statewide affordable and workforce housing industry organization, the Coalition of Affordable Housing Providers (CAHP). He also currently serves as a board member for the South Florida Regional Transportation Authority (SFRTA) and has previously served as a board member to the Miami -Dade Expressway Authority (MDX). Mr. Inamdar is a member of Leadership Florida Class 30. In 2015, he was selected by the South Florida Business Journal in their 40 under 40 awards. He was honored as a finalist by the Greater Miami Chamber of Commerce in their 2012 R.E.A.L (Real Estate Achievers and Leaders) Awards. In 2012, he also received the Recent Alumni Achievement Award from the College of Business at The Florida State University. Haslem Housing Ventures, LLC — Partner Udonis Haslem is a professional basketball player for the Miami HEAT and a three -time NBA Champion. Born and raised in Miami, Florida, Udonis graduated from Miami Senior High School and played college basketball for the University of Florida, where he played for Coach Billy Donovan from 1998 to 2002. Udonis founded Haslem Housing Ventures to fulfill his desire to provide safe, decent, attainable housing for all residents of Miami -Dade County. Since 2005, Udonis has been very active with the Udonis Haslem's Children's Foundation whose mission is to promote youth development and self-confidence through programs and services designed to enable them to reach their full personal and educational potential. Royal American Construction Company, Inc. — General Contractor As President, Harry Smith is a Licensed General Contractor in several states. Royal American Construction has been directly responsible for the construction of more than 150 residential, rental communities, comprised of over 10,000 units, since 1968. In addition to the construction of multifamily communities, Royal American Construction has built single family home communities, condominiums, timeshares, hotels, convention centers, and numerous commercial buildings. Royal American 34 Construction's record is that of maintaining the highest possible standards of construction within the industry. Royal American currently has 7 similar multifamily projects currently under construction. Royal American Management, Inc. — Property Manager As President, Kerri Toth is responsible for all aspects of operations pertaining to Royal American Management. She is ultimately responsible for the oversight of and the physical and financial integrity of the RAM -managed Portfolio which averages about 220 multifamily properties and 30,000 units located throughout the Southeastern United States, Missouri, Arkansas, Colorado, and the U.S. Virgin Islands. As president, she is responsible for the management of one of the largest and most diverse multifamily property portfolios in the United States. Miami -Dade County Homeless Trust — Homeless Referral Agency Victoria Mallette is the Executive Director of the Miami -Dade County Homeless Trust which is recognized as a national model by US HUD. The Trust is responsible for the provision of housing and services for homeless persons in Miami -Dade County. The Trust provides funding for more than 8,000 beds that serve thousands of individuals and families annually and will provide referrals for Wynwood Works unit's set -aside for families transitioning out of homelessness. Miami Light Project — Cultural Community Partner Beth Boone is the Artistic and Executive Director at The Miami Light Project, a Wynwood based not -for -profit cultural organization founded in 1989 which presents live performances by innovative dance, music and theater artists from around the world. Through a strategic relationship, one of their responsibilities will be to provide referrals of local artists to reside in the 6 Artist Lofts that are set -aside for local Artists to ensure that we properly target Artists connected to the Wynwood community. Bakehouse Art Complex — Cultural Community Partner Cathy Leff is the Executive Director of The Bakehouse Art Complex, a Wynwood based not -for - profit cultural organization founded in 1985 by artists and for artists in a former industrial Art Deco -era bakery. Bakehouse provides coveted studio residencies, infrastructure, and community to enable the highest level of artistic creativity, development, and collaboration for the most promising talent. The Bakehouse is comprised of approximately 100 Miami -based resident and associate artists of diverse backgrounds. Currently, the Bakehouse is one of the oldest art studio complexes in Miami and houses approximately 50 studios of varying sizes, two galleries, a classroom, a print 35 room, photography lab, ceramics facilities, and woodworking and welding areas. These spaces, usually unavailable outside of university campuses, has and continues to enable artists to work, make, discover, learn and share their practices with each other and the broader community. The Bakehouse will manage a professionally organized public contest to select and commission artists to provide art on the western facade of Wynwood Works. The Bakehouse is uniquely suited to create local and international excitement and participation and, importantly, visually stunning landmark worthy art. MCG Architecture and Planning, Inc. — Architect Jennifer McConney-Gayoso is a Registered Architect in the State of Florida with over 20 years of experience assisting developers on complex mixed -use projects and providing innovative solutions to site and building design. MCG Architecture and Planning specializes in Hospitality and Resort Design, Historic Preservation, Commercial, Retail, Residential and Affordable Housing. Before establishing her own firm, Jennifer was the Director of Design at a large firm where she managed more than 500 projects in the 18 years with the company. As a native Miamian, she blends her love of Tropical Architecture with a contemporary style. She believes that architecture should relate to its site with a respect for the nature, history, and the urban lifestyle that surrounds it. Wernick & Co, LLPC — Entitlements Steven Wernick guides developers through complex land use regulations, state and local government law, and the development approval process. His work includes pre -acquisition due diligence, entitlement strategy, platting, and handling a wide array of zoning and development approvals. Steve works closely with clients to navigate the intricacies of government affairs, including advocating for client interests in administrative and quasi-judicial hearings, securing entitlements and zoning interpretations and procurement of government contracts and public/private incentive agreements for urban redevelopment projects. Steve also has significant experience drafting master plans and land use development regulations, including the City of Miami's first Neighborhood Revitalization District for Wynwood (NRD-1). Wernick has been and continues to remain intimately involved in the transformation of the Wynwood Arts District. He has served as advisor and land use counsel for most of the high -profile development projects completed in recent years or in the pipeline today. Prominent examples include 250 Wynwood, Wynwood 25, and The Wynwood Garage; CUBE Wynwd, 545 Wyn, The Gateway at Wynwood, and the Moxy Wynwood Hotel. Wernick regularly presents projects before the City of Miami's Wynwood Design Review Committee (WDRC) and Urban Development Review Board (UDRB) and maintains strong working relationships with planning and zoning staff. 36 Fortis Design + Build, LLC — Construction Management Located in Wynwood, they create award winning mixed -used projects within the urban core. They act as fee -based developers providing pre -construction development services, construction management, general contracting, design -build consultation services and private equity options. By combining in-house expertise in design, development and construction, they enable creative architectural and programming solutions with value pricing. Schwebke-Shiskin & Associates, Inc. — Civil Engineering Schwebke-Shiskin & Associates offers a wide range of services within the fields of civil engineering, land planning, and land surveying. Established in 1947, SS&A has performed a central role in many regional developments and major projects. As such, their firm has learned how to manage large scale efforts and coordinate with other disciplines in a positive proactive team environment. Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A. — Loan Closing Terry Lovell specializes in getting affordable housing and workforce housing developments closed. His relevant experience includes representing developers with their closings on numerous similar type multifamily developments. A vast majority of these projects have public financing and are public -private partnerships. He has closed well over $1,000,000,000 in similar multifamily projects. 37 Magellan Housing has worked on numerous projects with several of the Project Team Members. Specifically, Magellan Housing and Royal American Companies have finished a joint venture project together, will complete construction on a 2nd project in October 2019, will commence construction on a 3rd project in November 2019, and are in the planning stages of 7 more. Magellan and the Architect, MCG Architecture and Planning, Inc., have worked on over 10 projects together. Magellan has similarly worked and is working with Schwebke-Shiskin, and Stearns Weaver on several other projects. This Team was carefully selected and assembled for this specific development opportunity. We are thrilled to present Wynwood Works to the City of Miami and we believe our Team brings unique qualifications to this project. Four of our Team Members are based within Wynwood. Our two Cultural Community Partners have been based in Wynwood for 30 and 35 years respectively. Although we don't expect any changes to this Team, we recognize that over the long course of a development project circumstances may dictate a change. Therefore, simply as a precaution, the Proposer reserves the right to remove and/or replace any Team Member with another similarly qualified firm with OMNI-CRA approval. The Developer will notify the OMNI-CRA one week prior to any changes to the projects Team Members and will include with the notification the reason for change which may include, but is not limited to, similar services being able to be procured for less or more expeditiously. 38 Tab 6 WTYNWOD ■■ s DEVELOPMENT CONCEPT • A 12-story high-rise building at 2035 North Miami Avenue, Miami, Florida (Folio #'s: 01-3125-000-0130; 01-3125-000-0100; 01-3125-016-0400) • A Mixed -Income community with ALL Affordable and Workforce homes for individuals transitioning out of homelessness to 140% Area Median Income (AMI). Developed under the Attainable Workforce Housing Ordinance of the City of Miami and restricted for 50 years. • 104 apartments of mixed income housing set -aside for tenants at approximately the following Area Media Incomes (AMI) levels: • 10% at 30% AMI 5% For individuals transitioning out of Homelessness 5% For additional Extremely Low -Income individuals • 10% at 50% AMI • 10% at 80% AMI • 25% at 120% AMI • 45% at 140% AMI 40 • Executed MOU with the Miami -Dade County Homeless Trust. 5% of the total units will be set -aside for individuals transitioning out of Homelessness. This will be an extremely unique mixed income development, servicing such a varied mix, that includes individuals transitioning out of homelessness to 140% AMI! • Executed MOU with the Miami Light Project. The Miami Light Project is a Wynwood based not -for -profit cultural organization founded in 1989 which presents live performances by innovative dance, music and theater artists from around the world. We will have a strategic relationship with them where one of their responsibilities will be to provide referrals of local artists to reside in the 7 Artist Lofts that are set -aside for local Artists to ensure that we properly target Artists from the community. • Executed MOU with the Bakehouse Art Complex. The Bakehouse Art Complex is a Wynwood based not -for -profit cultural organization founded in 1985 by artists and for artists in a former industrial Art Deco -era bakery. Bakehouse provides coveted studio residencies, infrastructure, and community to enable the highest level of artistic creativity, development, and collaboration for the most promising talent. We will have a strategic relationship with The Bakehouse where one of their responsibilities will be to manage a professionally organized public contest to select and commission artists to provide art on the western facade. The Bakehouse is uniquely suited to create local and international excitement and participation and, importantly, visually stunning landmark worthy art. • A Mixed -Use community with ground floor commercial space. • 6 designated Artist homes set -aside for local community Artists. • A Green Certification and in doing so incorporating an environmentally responsible plan that identifies "best -practice" green strategies during construction, operation, and maintenance. • State of the art, modern, and Energy Star rated appliances. • Access for community events including access for City of Miami or OMNI-CRA sponsored events and activities. 41 • Modern and attractive on -site amenities available to residents including an open- air deck, a community room, and private offices and co -workspace. • Secured automobile parking. • Gated bike parking and accommodations for micro mobility sharing devices. • Secured access and state of the art security system. • A wide array of resident educational, health, and occupational programs for the tenants including Literacy Training, Computer Training, Employment Assistance Programs, Daily Activities, etc. • A commitment to work with the OMNI-CRA on relocations, based on availability, and as applicable under local, state, and federal laws. • Community Input - In developing this concept, we met with several neighbors and stakeholders in the community including the business owner directly adjacent to the south and the property owner across the street. These meetings, as well as others, all went great. There was a positive exchange of ideas and we all agreed to keep lines of communication open. • IMPORTANT NOTE - Our Development Concept relies solely on subsidies that are currently available from the OMNI-CRA and/or from the City of Miami. Our proposal does not require us to seek Low Income Housing Tax Credits (LIE -ITC) or SAIL financing from the Florida Housing Finance Corporation (FHFC). Federal and State financing programs are purely speculative and there is NO assurance of obtaining financing for any particular project. Therefore, the only expeditious and certain way to build affordable and workforce housing on this site is by implementing this Financing Plan. Final site plan, layout, and features and amenities may change as necessary during plans and permitting. During this time, Proposer may reduce or increase the total number of units in the Development by up to 15% with approval by the OMNI- CRA Executive Director. In order to maintain the long-term viability of this project, 12 years after issuance of a Certificate of Occupancy, all AMI set -aside restrictions may be re -adjusted as long as the project continues to conform to the City of Miami's Attainable Housing Ordinance as in effect at that time. If, for whatever reason, the City's Attainable Housing Ordinance is no longer in effect at that time, then AMI set - aside restrictions may be re -adjusted to the last implemented version of the Attainable Housing Ordinance or to the version in effect as per this submittal date. 42 2035 NORTH MIAMI AVENUE, MIAMI , FLORIDA TAIFST FOR PROPOSAL #992381 MNI CRA DeuiialrLs APARTMENT MCG 7500 NE 4' Court Studio 103 Miami, FL 33138 ARCHITECTURE Mi611AN HOUSING WYNW@OD MIXED -INCOME ATTAINABLE MI4RKS HOUSING 2035 North Miami Avenue Miami, Florida 43 COVER A0.00 08/14/2019 STUDIO MCG Flan MECHANICAL SWINGS 7500 NE 4' Court Studio 103 Miami, FL 33138 ARCHITECTURE -114ERL WERE PLE,N-IY OF I)7POR'FCNITIE-S FOR WORKING CLASS PEOO 1.E-1'O 15(11'11 WORK AND LIVE IN THE W \ N\Y[.0D NEIGHIIORHOOD 1)1 RIN(; FI'S FART YI.,1R5.T.1TI"S KEEN' rr THIS \\'AY, M� ETINAN HOUSING irmour_ vow SAT FOOD Y V 1 RXS ATTAINABLE MIXED -INCOME HOUSING 2035 North Miami Avenue Miami, Florida 44 AFFORDABILITY CCHOOORCEUWHERE NECUPAIION aYOU BELONG.DIFFERENT NG HANDS 101 00 FLEXIBILITY WORK AND PLAY IS THE WAY. CREATIVE FOCuSANO KIOOucTON - SREQK NLYWDRIOFIGA UIRE FLOC. SPACE RNEON[. COWORgN4 AMENITIES LOCATED INTNE SAME RURDINI WO ON COM IT ANDNEETNIT.000 LOCALS. NUEETWORK CREATIVITY JUST LET IT IN. WYNWV ODNMS CRUM BYAMIETSAND ETILL 5! R LEWIS REIM MOON OWED EXTERIOR FACADES BACK m rkE STREET SOTMET WOUID DO WHATTHET K FIC.112 CIAZFB EXTERIOR \VII:YI' DOES ANACHRONISM MEAN TO SVYN\Y(IOO7 75% SO% 25% FIG.43 04 a FROM 1'T TO 3RD IDIGI L II. NEVOLUITON #3 WYNWOOD REVIVAL: ANACHRONISM ANACHRONISM - JUXTAPOSITION OF A LONGING OR HOMAGE TO THE OLDER FACTORY- DRIVENTIMESTO CURRENT DIGITAL AGE. THETHIRD (DIGITAL) REVOLUTION IS CHARACTERIZED BY THE INTERACTION OF PEOPLE WITH ART SPACES.THETHIRD INDUSTRIAL OR DIGITAL REVOLUTION LIBERATED THE CREATIVE MIN DSASTH ERE IS MORE FLEX! BLITYIN FABRICATION DUETOTECHNOLOGICAL LEAP. THANKS TO THE ARTISTS LOOKING FOR AFFORDABKE LIVING AND WORK SPACE, WYNWOOD BECAME MELTING POT OE CULTURES, IDEASANDTALENT, THE COCOON SOTTO. PLANT, ANERICAN RAKEMES ANDREw iNNEMRRYtNIAni nfMLO:Tnf Sal NW 19THFTREETxWYFN000 NM CONFANrvvNw000,I92.11 f ASH ON DISTRICT CeNIIR w.w00,1191. Yt }',e alw'1M3i Can Oil ti 42 FROM IIAV1) LIRA VIED 'I'U MA YI'FAC1-I'I1ED IN THE 19405. WYNWOOD WITNESSED A DEMOGRAPHIC VOID DUE TO THE WAR, BUT WAS RAPIDLY FILLED WITH HUNDREDS OF JEWISH, KOREAN AND LATIN IMMIGRANTS WORKING IN GARMENT SWEATSHOPS BY THE 1970S, THERE WAS 55%UNEMPLOYMENT AND HIGH RATE OF CRIME WHICH MADE THEIR LIVES OF HARDWORKING LOWER - MIDDLE CLASS IMPOSSIBLE. N1 UNPRECEDENTED INNOVATION IN MIAMI,AS IN OTHER CITIES, THE INDUSTRIAL REVOLUTION LEDTOA SIGNIFICANT RISE IN THE RATE OF URBAN POPULATION GROWTH FUELED BY FACTORY RECRUITMENT ARCHITECTURAL LANGUAGE A0.01 08/14/2019 STUDIO MCG 7500 NE 4' Court Studio 103 Miami, FL 33138 ARCHITECTURE MAN HOUSING wyNweoD MIXED -INCOME ATTAINABLE HOUSING 2035 North Miami Avenue Miami, Florida W.AIKS 45 Illitll e C I.1101111 II '• ' It i ..... — 1 t rhli !17211P-111 RENDERING A0.02 08/14/2019 MCG 7500 NE 4' Court Studio 103 Miami, FL 33138 ARCHITECTURE MiC_LAN HOUSING Nn(NNV@OD WQRKS ATTAINABLE MIXED -INCOME HOUSING 2035 North Miami Avenue Miami, Florida 46 RENDERING FACING NORTHEAST AT AMENITIES DECK A0.03 08/14/2019 SECTION PROJECT INFORMATION PROJECT NAME PROJECT ADDRESS ZONING: LOT AREA: WYNWOOD WORKS 2035 NORTH MIAMI AVENUE, MIAMI FL 33127 T6-8 0, NRD-I Wynwood 19,294 SF BEFORE DEDICATION (0.44 ACRES) 17,810 SF (0.41 ACRES) AFTER DEDICATION SITE REQUIREMENTS SITE REQUIREMENTS REQUIRED PROVIDED A. LOT AREA B. LOT WIDTH C. LOT COVERAGE D. FLOOR LOT RATIO-FLR E. FRONTAGE AT FRONT SETBACK F. OPEN SPACE REQUIREMENT G. DENSITY 5,000 SF MIN; 40,000 SF MAX 50 FT MIN STORIES 1 A: 80% OF LOT MAX. = 17,810 SF *.8 = 14,248 SF ABOVE THE 8TH FLOOR: 15,0005F WA 70% MIN. 222.57 FT *70% = 155.79 FT 10% LOT AREA MIN. 17,810 SF * 10% = 1,781 SF 150 DU/ACRE MAX UNIT/ACRE MAX 0.44 ACRE X 150 RESIDENTIAL = 66 UNITS 17,810 SF 222.57' (WAIVER REQ.) 15,400 SF (86%) 12,927 SF I69,962 217'4" FT 2000 SF 104 UNITS"' **INCREASE IN DENSITY THROUGH ATTAINABLE MIXED -INCOME HOUSING ORDINANCE 2 BUILDING SETBACK SETBACKS ALLOWED/REQUIRED PROVIDED A. PRINCIPAL FRONT (WEST / NORTH MIAMI AVE) B. SIDE (NORTH) C. REAR (EAST) D. SIDE (SOUTH) 1-7TM STORY: 5'-0" / ABOVE 8'H STORY:5'-0" 1-7TM STORY 0'-0" / ABOVE 8' STORY 10'-0" 1-7TM STORY: 0'-0" / ABOVE 8'H STORY: 10'-0' 1-7TM STORY: 0'-0" / ABOVE 8'H STORY: 10'-0' 5'-0" / 5'-0" 1 I" / 10'-0" ***OR AS MODIFIED WITHIN WYNWOOD NRD-I STREET MASTER PLAN BUILDING HEIGHT HEIGHT ALLOWED/REQUIRED PROVIDED A. MIN HEIGHT B. MAX HEIGHT C. MAX BENEFIT HEIGHT 2 STORIES 8 STORIES 4 STORIES ABUTTING ALLTRANSECT ZONES EXCEPT T3 12STORI ES 3 NRD-I PARKING REQUIREMENTS PARKING SPACE/UNIT PARKING RATE REQUIRED PROPOSED A. DWELLING UNIT 650 SF OR LESS B. DWELLING UNIT GREATER THAN 650 SF C. VISITOR SPACES D. COMMERCIAL E. PARKING REQUIRED F. ATTAINABLE HOUSING PROGRAM PARKING REDUCTION G. TOTAL PARKING REQUIRED H. PURCHASED SPACES TOTAL MIN 1 P.S. PER UNIT MIN 1.5 P.S. PER UNIT 1 P.S. PER 10 UNITS 3 P.S. PER 1,000SF *1.2 SHARED PARKING FACTOR 35% REDUCTION 1 P.S. X 67 UNITS = 67 P.S. 1.5 P.S. X 37 UNITS = 56 P.S. 104 UNITS * 1 P.S. PER 10 UNITS=10 P.S. 6,751 SF * 3 P.S./I,000SF = 20.2 P.S.; 20.2 P.S. / 1.2 SHARE PARKING FACTOR= 16.8 P.S RESIDENTIAL 133 P.S.+COMMERCIAL 16.8 P.S. = 149.8 P.S. 149.8 P.S. * 0.65 = 97.37 P.S. 97.37 P.S. 56 102 102 0 BICYCLE RATE REQUIRED PROPOSED F. BICYCLE 1 BICYCLE RACK PER 20 P.S. 8 18 LOADING BERTH REQUIRED PROPOSED G. RESIDENTIAL H. OFFICE/COMMERCIAL FROM 25,000SF TO 500,000SF 420 SF 1 PER 300 ROOMS 240 SF I PER 100 ROOMS FROM 25,000 SF TP 500,000 SF (I) I2X35 (I) I X 20 2 (10X20) (1) 10 X 20 4 WAIVERS REQUIRED REQUIRED PROPOSED ZONING CODE A. PARKING DEDUCTION STUDIO MCG7500 NE 4'Court Studio 103 Miami, ARCHITECTURE FL 33138 M �G�LLnN HOUSING WYNW@OD ATTAINABLE MIXED -INCOME HOUSING ��J �1��j�. Y V 11�7 2035 North Miami Avenue Miami, Florida 47 INDEX DRAWING NAME A0.00 COVER SHEET A0.01 ARCHITECTURAL LANGUAGE A0.02 RENDERING A0.03 RENDERING A0.04 INDEX AND DATA SURVEY A0.05 LOCATION PLAN AI.00 LEVEL I GROUND FLOOR PLAN AI.01 LEVEL 2 PARKING FLOOR PLAN A1.02 LEVELS 3-4 PARKING FLOOR PLAN AI.03 LEVEL 5 PARKING FLOOR PLAN A1.04 LEVEL 6 AMENITIES - PUBLIC SPACE FLOOR PLAN A1.05 LEVELS 7-12 TYPICAL UNIT FLOOR PLAN AREA CALCUALTIONS FLOORS FAR (SF) A. LEVEL I 15,400 B. LEVEL 2 15,400 C. LEVEL 3 15,400 D. LEVEL 4 15,400 E. LEVEL 5 15,400 5 F. LEVEL 6 15,400 G. LEVEL 7 12,927 H. LEVEL 8 12,927 I. LEVEL 9 12,927 J. LEVEL 10 12,927 K. LEVEL I I 12,927 L LEVEL 12 12,927 P. TOTAL 169,962 UNIT TYPE STUDIO 36 1 BEDROOMS 42 2 BEDROOMS 12 6 3 BEDROOMS 6 WORK-UVE 1BDR 1 WORK-UVE3BDR 1 ARTIST STUDIO 6 TOTAL 104 INDEX AND DATA A0.04 08/14/2019 I —2 STORY RETAIL / GALLERY / LIGHT INDUSTRIAL SIDE SETBACK I 0'-0" ABOVE 8TH STORY RETAIL \./ RETAIL k 212.-4" NORTH MIAMI AVENUE FLORIDA EAST COAST RAILWAY kESIDENTIAL LOB BOH FR Nt5ENACK 54'- " RETAIL 2 STORY RETAII EXISTING PROPEILTL( LINE I 00.0' mcG 7500Court Studio 103 Miami, FL 33138 CH'rECTURE Mi‘TEILAN HOUSING WYMAT@OD MIXED —INCOME ATTAINABLE HOUSING 2035 North Miami Avenue Miami, Florida WRKS 48 SITE PLAN A0.05 ""%re=0,W.Tr417"' 08/14/2019 7500 NE 4' Court Studio 103 Miami. FL 33138 M �GcL IAN HOUSING TRASH 153 SF SWITCH GEAR 200 SF SETBACK l0 - GENERATOR - 400 SF SERV. CORRIDOR RETAIL 3,968 SF ATTAINABLE D MIXED -INCOME HOUSING 2035 North Miami Avenue Miami, Florida 49 1 \• i5TORY� �l� • \ . STORAGE /�. •\•\,'• 293 SFil• MAIL 00 4 41*// 1l1IIII, Pam, it Qi RESIDENTIAL LOBBY 1,027 SF FRONT DESK FR NrS: BACK 5' j " jig" PROPERTY LINE (BBL) v 21'-0" 1 EXISTING PROPER Y LINE 1000' LEVEL I PLAN A 1.00 S0+S GB/1.2019 1:0"••••••••'•-.. 14 vl 221-0" 10% WAIVER PER 7.1.2.. (28) IWO �'• •• Elionso rivEncal.7'‘. 10 9 8 7 _ _REAR SETegCK/0'-0^gBOVE8•• `�••�''�. STORY RAMP 23 PARKING SPACES TOTAL I ADA. & I TANDEM) 4 • FRONT SETBACK 5'-0 wl iI II4: 14"-"-"-"-"-"-"-"-"-"-" PROPERTY LINE (BBL) 222.57' '-"-" i �1±G7500 NE 4`'Court Studio 103 Miami, FL 33138 ARCHITECTURE M XGELLAN HOUSING SODATTAINABLE MIXED -INCOME ��J HOUSING�j�. Y 14RKS 2035 North Miami Avenue _ Miami, Florida 50 EXISTING PROPERTY LINE 100.0' LEVEL 2 PLAN <Ah A1.01 08/14/2019 (1P'.'`�•-.•••••••. 3 • r 20 21 9 8 7 REAR SETBACK lO'-0"ABOVE BT H STORY RAMP 0 25 PARKING SPACES TOTAL (I TANDEM)_ PROPERTY LINE (BBL) 222.57' b� FRONT SETBACK 5'-0" 1 = �1±G 7500 NEo4' Court 103 Studio03 a R c Miami, FL 33138 i r E c r u R e M‘ELLAN HOUSING SODATTAINABLE MIXED -INCOME ��J ���. HOUSING Y V1L1�7 2035 North Miami Avenue 51 EXISTING PROPERTY LINE 100.0' LEVELS 3-4 PLAN A1.02 08/14/2019 • 20 21 22'-0" 10% WAI ER PER 7.1.2. (28) • 4, 4 - 8800._ REAR SETBACK l0',0" ABOVE 8TH STO 1 29 PARKING SPACES (5 TANDEM) 0 24 25 b� FRONT SETBACK 5'-0" PROPERTY LINE (BBL) 222.57' H STUDIO MCG7500 NE 4'Court Studio 103 Miami, FL 33138 ARCHITECTURE M 6LLAN HOUSING SODATTAINABLE MIXED -INCOME HOUSING Y AIK��j�. ��J S 2035 North Miami Avenue _ Miami, Florida 52 EXISTING PROPERTY LINE 100.0' LEVEL 5 PLAN A1.03 08/14/2019 • ••••„,• WOMEN BATHROOMS MEN BATHROOMS • • TUTORIAL ROO WORKING STATIONS — (744 SF) ,, (819 SF) Em COMMUNITY WORKROOM (1,058 SF) ti VIEW TO RAILWAY ,REAR SETBACK in p„q8 OIhl Z2. 9 !NG WORK/LIVE I -BED (645 SF) ELEV. LOBBY (308 SF) FOL EO SWINGS SET (12) EtI- _.411 . ��--::ter �� _ -' -�fl— - o APARTMENTS LOBBY i L TERRACE GARDEN (4,661 SF) FRONT SETBACK 5'-0 4••-••-••-••-••-••-"-••-••-••-•• PROPSRTYLINE(BBL)222.57' •-••-•• 'MR611-1k ITAE7Bila— WORK/LIVE 3-BED (1020 SF) O oo 2 A^^ 7500 NEo103 urt Studio03 ARCHITECTURE Miami, FL 33138 M 6LLAN HOUSING SODATTAINABLE MIXED -INCOME HOUSING Y V RI�j�. ��J GS 2035 North Miami Avenue Miami, Florida 53 EXISTING PROPERTY LINE 100.0' AMENITIES LEVEL 6 PLAN A 1.04 6 e ,.e� T.00.o;.,o.o.rgiii SP: 1 08 1 arz 01i 9 • I )IDd913S 3 STUDIO (440 SF) STUDIO (500 SF) I -BED (865 SF) I -BED (865 SF) STUDIO (456 SF) FRONT SETB 1" "PROPSRTYLTE(BBL)21 5T"-"-" 'Mr611-h 7TTAE7BB1)-- STUDIO MCG7500 NE 4'Court Studio 103 Miami, FL 33138 ARCHITECTURE M 6LLAN HOUSING SODATTAINABLE MIXED -INCOME HOUSING �1�j�. ��J 1X Y V(7 2035 North Miami Avenue _ Miami, Florida 54 EXISTING PROPERTY LINE 100.0' LEVELS 7-12 PLAN A1.05 08/14/2019 Tab 7 aker man Memorandum To: Nick Inamdar, Magellan Housing, LLC From: Steven J. Wernick, Esq., AICP Date: August 26, 2019 Subject: WYNWOOD WORKS: 2035 — 2043 N. Miami Avenue Due Diligence Memorandum re: Land Use/ Zoning, Attainable Housing & Development Capacity Omni CRA RFP No. 992381 Magellan Housing, LLC ("Magellan") has requested this Firm perform certain due diligence in connection with Request for Proposal No. 992381, "Development of Plat Book 'B' Page 107 2035-2037- 2043 North Miami Avenue," issued by the City of Miami Omni Community Redevelopment Agency ("Omni CRA") on July 5, 2019 (the "REP"). The scope of the RFP encompasses the potential redevelopment of the properties located at 2035, 2037, and 2043 N. Miami Avenue, Miami, FL (the "Property"). This due diligence memorandum (herein the "Memorandum") specifically addresses applicable land use and development standards and resulting development capacity pursuant to the City of Miami Zoning Code ("Miami 21"), inclusive of the Wynwood Neighborhood Revitalization District ("NRD-1"), incorporated as Appendix J to Miami 21, and supplemental regulations and incentives available for Attainable Mixed -Income Housing Development, pursuant to Section 3.15 of Miami 21. This Memorandum incorporates the WYNWOOD WORKS concept plan, prepared by McG Architecture and dated August 14, 2019 (the "Concept Plan"), which includes a proposed twelve (12) story building on the Property with approximately 6,751 square feet of ground floor commercial retail space, one -hundred four (104) dwelling units and a residential lobby, a 6th floor indoor -outdoor amenity level, and four (4) full - levels of structured parking (the "Project"). The Project is proposed as an Attainable Mixed -Income Housing Development.' The Concept Plan is attached as Exhibit A. I. EXECUTIVE SUMMARY Based on the most recent survey of the Property provided to the Firm and the information set forth within the Concept Plan, the Property consists of three (3) separate tax folios with a combined Lot Area of approximately 19,294 square feet, fronting on the east side of North Miami Avenue in Miami, Florida between NE 20th Street and NE 21' Street, directly west of the FEC rail corridor. The Property is currently zoned T6-8-0 with a General Commercial Future Land Use Designation, and is located within the boundaries of the Wynwood NRD-1 and the Omni CRA. 1 For purposes of this memorandum, we are assuming the development program is proceeding as "Attainable Mixed -Income Housing," as defined in Sec. 1.2 of Miami 21, with 10% of units qualifying as Extremely Low Income Housing, and shall qualify for incentives, inclusive of density bonuses, pursuant to the City's Attainable Mixed -Income Special Benefit Program, as set forth in Sec. 3.15 of Miami 21. 49480386;2 56 WYNWOOD WORKS / Omni CRA RFP No. 992381 The following is an executive summary of applicable Land Use & Zoning, Attainable Housing, and Development Capacity related to the Property. Land Use & Zoning • The Property is designated on the future land use map as General Commercial, which permits a wide range of residential and non-residential uses with permitted density by Right up to 150 units per acre (and may be exceeded via the Affordable/Attainable Mixed -Income Housing Program). • The Property has a transect zone of T6-8-0 within the NRD-1 boundaries, which modifies and supplements typical zoning standards set forth in Miami 21. T6-8-0/NRD-1 permits a wide range of residential, commercial, and office uses by Right, including but not limited to multi -family apartments, work -live units, and retail establishments. Attainable Mixed -Income Housing • Attainable Mixed -Income Housing located within a TOD Area or a Transit Corridor qualifies for development incentives and relaxations, including parking reductions greater than generally available under T6-8/NRD-1 (35% reduction within a Transit Corridor), and density bonuses up to 50% (at 5% ELI) or up to 100% (at 10% ELI), pursuant to Sec. 3.15 of Miami 21. Assessment: The Project as presented proposed 10% of dwelling units at ELI and therefore qualifies for a density bonus up to 100%. Development Capacity • Based on the Lot Area of the Property and underlying density of 150 units/acre, the Property has a baseline allowable density of 66 dwelling units. Through the City's Attainable Mixed -Income Criteria, with 5% of the units qualifying as Extremely Low Income ("ELI"), the Project could include up to 99 dwelling units (50% density bonus); with 10% of units qualifying as ELI, the Project could include up to 132 dwelling units (100% density bonus).2 Assessment: The Concept Plan as presented includes 104 dwelling units, which complies with the applicable density regulations. • The Property can be developed as Attainable Mixed -Income Housing with a structure up to twelve (12) stories in height by Right, or to 125 feet without any restrictions on number of stories. The Concept Plan shows a structure up to 121 feet and 12 Stories. • Development within T6-8-0 within the NRD-1 boundaries is not subject to FLR restrictions on building intensity; rather intensity is regulated by a combination of setbacks, height, floorplate restrictions, open space requirements, and lot coverage ratio, and additional relevant standards. Assessment: The Concept Plan, as presented, proposes 169,962 square feet of Floor Area and complies with intensity standards, subject to a proposed 10% Waiver under Section 7.1.2.5 (28) for Lot Coverage, commonly utilized by projects in Wynwood. Parking • The Wynwood NRD-1 Parking Program is intended to provide flexibility to accommodate adaptive use and new development within the NRD-1 boundaries. Dwelling units generally require 1.5 spaces per unit; however, dwelling units at 650 square feet or less require only 1 space per unit. 2"Extremely Low Income Housing (ELI) shall mean "a Dwelling Unit, owner -occupied and/or rental housing with a purchase cost, value, or monthly rental, as applicable, equal to or less than the amounts established by the applicable standards for those individuals whose income is at or below 30 [%] of Area Median Income as published by the United States Department of Housing and Urban Development and certified by the Department of Community and Economic Development." Sec. 1.2, Miami 21. 49480386;2 Page 2 57 WYNWOOD WORKS / Omni CRA RFP No. 992381 Work -Live Units require only 1 space per unit, plus 3 spaces per 1,000 square feet for that portion of a unit above 2,000 square feet. Commercial Uses require 3 spaces per 1,000 square feet. • On -street spaces are counted towards on -site parking; shared parking reductions are available to be applied to mixed -use buildings by Right pursuant to Section 4 of the NRD-1. • Attainable Mixed -Income Housing qualifies for a 35% reduction in parking requirements by Right.3 An additional reduction of 15% may be permitted by Warrant upon a showing that the reduction in off-street parking is justified in view of: nature of occupancy, economic circumstances, and such reduction unlikely to place undue burden on traffic and parking facilities in the neighborhood. • Finally, the Project may be eligible to satisfy required parking via payment of fees in lieu to the Wynwood Parking Trust Fund at $12,000 per space. Assessment: Based on the Concept Plan submitted for the Project, inclusive of the applicable shared use reduction and a 35% reduction by Right for Attainable Mixed - Income Housing, the Project is providing for 102 spaces on site, which exceeds the net parking requirement of 97 spaces. Waivers & Design Review Approvals • As with all new development within the NRD-1 boundaries, the Project will be required to be presented to the Wynwood Design Review Committee ("WDRC") prior to administrative approval of Waivers and/or Warrants contemplated under Miami 21 and issuance of a building permit, for design review of compatibility with the character of the neighborhood. II. PROPERTY DESCRIPTION The Property is comprised of three (3) tax folios, referenced as follows: 2037 N. Miami Avenue (01- 3125-000-0100) ("Parcel A"); 2035 N. Miami Avenue (01-3125-000-01300) ("Parcel B"); and 2043 N. Miami Avenue (01-3125-016-0400) ("Parcel C"). Aerial maps showing the location of the tax folios are attached as Exhibit B. According to Survey No. 03-6120 dated September 11, 2003 and prepared by Alvarez, Aiguesvives and Associates, Inc. (the "Survey"), the Property's total lot size for the three (3) folios is 19,294 square feet (.448 acres).4 The Property is entirely located within the boundaries of the NRD-1 and the Omni CRA. Parcel A is vacant land and, as the southern end of the Property, abuts a two (2) story building. Parcel B is improved with two (2) separate buildings: the structure on the east end of the folio is a one (1) story industrial warehouse building constructed in 1930, while the structure on the north end, also a one (1) story building constructed in 1930, formally operated as the Diana Lowenstein Gallery. The former gallery building straddles Parcels B and C. Parcel C comprises the north end of the Property and abuts a small surface parking lot. The Property has one (1) principal frontage to the west along N. Miami Avenue. The east side of the Property runs parallel to and abuts the FEC right of way. 3Since a pre -requisite of the Attainable Mixed -Income Housing Program is based on location within al/4 mile of a Transit Corridor, this 35% reduction is intended to replace the 30% TOD/Transit Corridor waiver permitted for development within 1/4 mile of a Transit Corridor or % mile of a TOD. 4 Note: The RFP, Page 6, references a combined lot area of 20,238 square feet. For purposes of this Memorandum, we are utilizing the more conservative calculation of lot area consistent with the Concept Plan and Survey. In event that the total lot area is greater, the Project could provide additional dwelling units beyond the maximum density identified herein. 49480386;2 Page 3 58 WYNWOOD WORKS / Omni CRA RFP No. 992381 III. BASE BUILDING LINE Pursuant to Chapter 54, Article V, the City of Miami Code ("City Code") establishes the BBL to define public right of way widths and for purposes of redevelopment of private property. The BBL is measured as a distance from center line of the road. Standard width of public right of way is 50' with base building lines measuring 25' from the official center line, unless otherwise specifically identified in Section 54-190. In event the BBL is inside of the property line, this may impact net lot area calculations, application of setback requirements, and ultimately will require dedication into the right of way prior to building permit. From preliminary review of the Survey and as anticipated in the Concept Plan, there appears likely a 15' +/- right of way dedication from a portion of Parcel C along 100' of frontage on North Miami Avenue, as the Property line for Parcel C is shown with a dimension of 20' to official center line; whereas Parcel B and Parcel A show a dimension of 35' to official center line.' IV. FUTURE LAND USE DESIGNATION Pursuant to the City of Miami 2020 Future Land Use Map ("FLUM"), the Property has a future land use designation of General Commercial. The FLUM is attached as Exhibit C. According to the Miami Comprehensive Neighborhood Plan, as amended through December 14, 2017 ("MCNP"), the General Commercial future land use designation allows a wide range of commercial and residential uses by right, and a maximum density of 150 residential dwelling units per acre. Based on the Lot Area of the Property, the maximum number of residential units that could be permitted under the MCNP, without bonuses, is 66 units. The City's MCNP, as amended in 2017, permits additional density to facilitate affordable/attainable housing under qualifying criteria established through Miami 21 in urban areas of the City, including within the General Commercial future land use category. V. ZONING DESIGNATION AND EFFECT OF NRD-1 Pursuant to the Miami 21 Zoning Atlas ("Zoning Map"), the Property is zoned as T6-8-0, within the Wynwood NRD-1 Zoning Overlay. The Zoning Map is attached as Exhibit D. The NRD-1 was originally adopted by City Commission in 2015, and incorporated as Appendix J to Miami 21. Pursuant to Sec. 2.2 of Appendix J, "[t]he intent of the Neighborhood Revitalization District (NRD-1) is to establish a protective series of land development regulations to transition the ... Wynwood industrial District into an active, diverse, mixed -use Neighborhood." The NRD-1 functions to modify or supersede permitted uses and development standards otherwise generally applicable under Miami 21. Pursuant to Sec. 2.3 of Appendix J, where the NRD-1 regulations are silent on a particular zoning or development standard, the Miami 21 regulation for the underlying transect applies. VI. USES, DEVELOPMENT STANDARDS, ATTAINABLE HOUSING LEGISLATION & DEVELOPMENT CAPACITY OF PROPERTY a. T6-8-O/NRD-1 Standards Uses permitted at the Property are set forth in Appendix J, Section 4, Table 1 of Miami 21. A wide variety of uses including residential, hotel, art gallery, general commercial (including retail and restaurant), and office are permitted by right at the Property. General development standards for the Property are primarily contained in Appendix J, Section 5 of Miami 21 as supplemented by Article 5.6 of Miami 21 for properties within the T6-8-0 transect zone. Notably, in the NRD-1, the minimum setback requirement from North Miami Avenue is 5'; there is no applicable FLR ratio restricting maximum floor area; floorplate restrictions above the 8th story are less 5 The City's Public Works Department will need to verify the exact dimensions of any required right of way dedication prior to building permit. Note this Memorandum does not address the applicability of subdivision and platting requirements pursuant to Chapter 55 of the City Code. 49480386;2 Page 4 59 WYNWOOD WORKS / Omni CRA RFP No. 992381 restrictive than under Miami 21. Compliance with Bonus Height criteria for achieving floor area above the 8th Story is through the Wynwood NRD-1 Public Benefits Program as set forth in Appendix J, Section 3. Affordable Housing is specified as one of the stated public benefits considered within the NRD-1 Public Benefits Program. b. Section 3.15, Miami 21, Affordable & Attainable Mixed -Income Housing Special Benefit Program Supplemental Requlations6 Based on the Concept Plan, Magellan proposes to redevelop the Property as an Attainable Mixed - Income Housing project. Because the the Property is not located abutting a T3 Zone, the following development incentives in Section 3.15 of Miami 21 will also apply. A copy of Section 3.15 of Miami 21 is attached as Exhibit E. i. Pre -Requisites to Qualify There are several pre -requisites the City of Miami identifies to qualify for participation in the attainable housing program incentives. For purposes of this analysis, the City's annual median income is $52,300. See Exhibit F. Development Mix Transit Corridor/ Transit Oriented Development Covenant Affordable & City certifies Development will proposed Development must 30 year -covenant Attainable Mixed- provide minimum of 40% of be located within 1/4 mile required, with two Income Dwelling Units as Affordable from a Transit Corridor or automatic 10-year Housing serving residents at or below 60% of AMI and remainder of Dwelling Units as Workforce located within a TOD Area' extension Housing -OR- City certifies Development will provide minimum of 20% of Dwelling Units as Affordable Housing serving residents at or below 50% of AMI and remainder of Dwelling Units as Workforce Housing ii. Summary of Benefits' The benefits outlined below are allowed in T4, T5, T6, and CI -HD pursuant to a Warrant: • Height flexibilities: o T5: Maximum building height of 75 feet with no limitation on the number of Stories; o T6-8: Maximum building height of 125 feet with no limitation on the number of Stories; and o T6-12: Maximum building height of 240 feet with no limitation on the number of Stories. • Parking can extend into the second layer with screening reviewed by Waiver with referral to Planning Department. 6 Pending before the City of Miami as of the date of this memorandum are proposed amendments to the Attainable Housing Legislation which, among other things, allow for a maximum of 10% of the development's Dwelling units to be offered at market rate. The proposed amendments also establish the minimum size for a 1-bedroom unit at 500 square feet and for a 2-bedroom at 600 square feet. The proposed amendments are not contemplated as part of this analysis. 7 Based on most recent maps available from City's Planning Department, the Property is located within a 1/4 mile from a Transit Corridor; it is not currently located within a TOD Area. 8 See Sec. 3.15.4-5, Miami 21. 49480386;2 60 Page 5 WYNWOOD WORKS / Omni CRA RFP No. 992381 • Cross -block passages will not be required. • Developments abutting two (2) or more Thoroughfares shall have only one (1) Principal Frontage. • Development shall not be subject to the minimum Principal Frontage Line requirement. • No maximum Lot Area requirements. • Developments in T6 Zones shall be exempt from complying with the requirements contained in Sections 5.6.1(h) and 5.6.2(b). (Building spacing above the 8th Story/Floorplate length and area restrictions).9 • Setback requirements above the eighth floor may be modified for Developments in T6 Zones. • Parking reductions up to 80%. iii. Density Bonuses Attainable Mixed -Income Housing Bonuses 1° Minimum of 10% of Dwelling Units = Extremely Low Income 1 additional Unit of Density per Attainable -Workforce Housing unit provided Minimum of 5% of Dwelling Units = Extremely Low Income 1/2 additional Unit of Density per Attainable - Workforce Housing unit provided The above chart demonstrates how density may be increased either by 50% or 100% of the underlying maximum density of 150 units/acre. As applied to the Property, this would allow for a base density of 66 dwelling units to be increased upwards of 132 dwelling units. c. Development Capacity The following is a summary of key development standards for properties designated T-6-8 and an assessment of development capacity under the NRD-1 and Section 3.15 as applied to the Property: Lot Occupation Code/ Miami 21 & NRD-1 Attainable Housing Legislation Max Development Capacity [proposed] Lot Area 5,000 sq. ft. min. 40,000 sq. ft. max. 5,000 sq. ft. min. No max. requirement 19,294 sq ft. / 17,810 sq ft.11 Lot Width 50 sq. ft. min. 50 sq. ft. min. Approx. 222.5 sq. ft. Lot Coverage 1-8 Stories Above 8th Story 80% max. (88% with 10% Waiver) 18,000 sq. ft. max. Floorplate for Residential & Lodging 30,000 sq. ft. max. Floorplate for Office & Commercial 80% max. (88% with 10% waiver) Exempt @ 80% = 14,248 sq. ft. @88% = 15,673 sq. ft. [Project proposes 12,927sq. ft. / floor] FLR N/A N/A N/A Frontage at Front Setback 70% minimum May be modified @70% = 155.79 ft. [Project proposes 217 ft.] Open Space 10% Lot Area minimum 10% Lot Area minimum Min 1,781 sq. ft. [Project proposes 2,000 sq ft] 9In the NRD-1, AppendixJ, Section 5.2.b, above the eighth floor, for Residential Uses contemplated in the Concept Plan, the Building Floorplate dimensions are limited to 18,000 square feet with a maximum length of 180 feet. To the extent the Project may implicate either of these maximum dimensions, they can be waived through the Attainable Mixed -Income Housing incentives under Section 3.15. 1°See Sec. 3.15.6, Miami 21. 11 Net Lot Area after anticipated dedications into the right of way. 49480386;2 61 Page 6 WYNWOOD WORKS / Omni CRA RFP No. 992381 Density 150 dwelling units/acre 300 hotel rooms/acre 150 dwelling units/acre + If Min 10% of Dwelling Units = ELI If Min 5% of Dwelling Units = ELI 1 additional Unit of Density per Attainable - Workforce Housing unit provided 1/2 additional Unit of Density per Attainable - Workforce Housing unit provided 68 dwelling units [Project proposes 104 Units] 136 dwelling units 102 dwelling units Building Setback Principal Front (N. Miami Ave.) 5 ft. min.; 15 ft. min. above 8th Story [5' min due to width of N Mia ROW exceeding 70'] 5 ft. min.; 15 ft. min. above 8th Story [May be waived] [Project proposes 5 ft.] Secondary Front (N/A likely) 5 ft. min.; 15 ft. min. above 8th Story 5 ft. min.; 15 ft. min. above 8th Story [May be waived] n/a Side (North) 0 ft. min.; 10 ft. min. above 8th Story 0 ft. min.; 10 ft. min. above 8th Story [Project proposes 11 inches; 10 ft. above 8th Story] Rear 0 ft. min.; 10 ft. min. above 8th Story 0 ft. min.; 10 ft. min. above 8th Story [Project proposes 1 ft. and 10 ft. above 8th Story] Side (Sorth) 0 ft. min.; 10 ft. min. above 8th Story 0 ft. min.; 10 ft. min. above 8th Story [Project proposes 3 ft. and 10 ft. above 8th Story] Building Height Min. Height 2 Stories 2 Stories Max. Height 8 Stories Maximum building height of 125 feet with no limitation on the number of Stories Max. Benefit Height 12 Stories *4 Stories Abutting All Transect Zones except T3 Maximum building height of 125 feet with no limitation on the number of Stories [Project proposes building height of 121 ft. with 12 Stories] Parking12 Residential Min. of 1.5 parking spaces per Dwelling Unit on -site or off -site within a Parking Structure; 1 parking space per Dwelling Unit on - site or off -site within a Parking Structure and provide payment -in - lieu of remaining space Min. of 1 parking space for Dwelling Unit 650 SF or less on -site or off -site within a Parking Structure Min. of 1 additional visitor parking space for every 10 Dwelling Units Parking reductions up to 80% as follows: - 35% reduction in required parking permitted by Right. - Within a TOD, additional reduction of 15% of required parking permitted by Right and additional reduction of 15% of required parking permitted for Attainable Mixed -Income Housing Projects by Waiver. - Additional reduction of up to 15% of required parking may be permitted by Warrant, upon showing that reduction in off-street parking is justified by 12 Miami 21 allows for AppendixJ, Table 2, M of a TOD. While the additional information 30% parking reduction for sites within al/2-mile radius of a TOD or %-mile radius of a Transit Corridor. See iami 21. However, Section 3.15.5(b) only provides the 30% parking reduction for sites within al/2-mile radius Property is located within a 1/4-mile of a Transit Corridor, it is not within a %-mile radius of a TOD. For regarding parking and loading requirements, see AppendixJ, Tables 2 and 3 of Miami 21. 49480386;2 62 Page 17 WYNWOOD WORKS / Omni CRA RFP No. 992381 nature and type of prospective occupancy and economic circumstances involved, and that impacts from reduction not likely to unduly burden traffic and parking facilities. Commercial Minimum of 3 parking spaces for Minimum of 3 parking spaces for every every 1,000 sq. ft. of commercial use 1,000 sq. ft. of commercial use on -site on -site or off -site within a Parking or off -site within a Parking Structure Structure 2 parking spaces per 1,000 SF of office 2 parking spaces per 1,000 SF of use on -site or off -site within a Parking office use on -site or off -site within a Structure and provide payment -in -lieu Parking Structure and provide payment -in -lieu of remaining 1 space of remaining 1 space d. Parking and Loading Standards The Wynwood NRD-1 Parking Program is intended to provide flexibility to accommodate adaptive use and new development within the NRD-1 boundaries. Dwelling units generally require 1.5 spaces per unit; however, dwelling units at 650 square feet or less require only 1 space per unit. Work -Live Units require only 1 space per unit, plus 3 spaces per 1,000 square feet for that portion of a unit above 2,000 square feet. Commercial Uses require 3 spaces per 1,000 square feet. On -street spaces are counted towards on -site parking; shared parking reductions are available to be applied to mixed -use buildings by Right pursuant to Section 4, Table 3 of Appendix J. Typically, the Property being within the NRD-1 would allow for up to 30% Transit Corridor Waiver from standard parking requirements. Attainable Mixed -Income Housing qualifies for a 35% reduction in parking requirements by Right.13 An additional reduction of 15% may be permitted by Warrant upon a showing that the reduction in off-street parking is justified in view of: nature of occupancy, economic circumstances, and such reduction unlikely to place undue burden on traffic and parking facilities in the neighborhood. Additionally, development within the NRD-1 boundaries may be eligible to satisfy required parking via payment of fees in lieu to the Wynwood Parking Trust Fund at $12,000 per space, as provided in Section 3.1.1 and as identified in the chart within Section 4, Table 2.in Based on the Concept Plan submitted for the Project, inclusive of the applicable shared use reduction and a 35% reduction by Right for Attainable Mixed -Income Housing, the Project is providing for 102 spaces on site, which exceeds the net parking requirement of 97 spaces. Loading berth standards and criteria are set forth in the NRD-1 and are more flexible than typical standards required in Miami 21. See Section 3.1.2 and Section 4, Table 3 of Append ixJ. Notably, residential uses greater than 50,000 square feet require 1 loading berth (at 420 sq ft) for the first 100 units; 1 loading berth (at 200 sq ft) per each additional 100 units or fraction thereof. Commercial and office uses (combined for purposes of loading) require 1 loading berth (at 420 sq ft) between 50,000 and 100,000 square feet. Based on the Concept Plan, 1 loading berth at 420 sq ft. and 1 loading berth at 200 sq ft. are required for the Project. The Concept Plan is providing for three (3) loading berths: a substitution of two (2) at 200 sq 13Since a pre -requisite of the Attainable Mixed -Income Housing Program is based on location within al/4 mile of a Transit Corridor, this 35% reduction is intended to replace the 30% TOD/Transit Corridor waiver permitted for development within 1/4 mile of a Transit Corridor or 1/2 mile of a TOD. 14 The amount of $12,000 per space is the current price as set forth in Chapter 35 of the City Code. 49480386;2 Page 18 63 WYNWOOD WORKS / Omni CRA RFP No. 992381 ft for the 1 loading berth required at 420 sq ft, and an additional 1 loading berth at 200 sq ft, which is authorized pursuant to Section 4, Table 3. VII. ZONING APPROVAL PROCESS The Project will require specific zoning approvals from the City under Miami 21 as a prerequisite to obtaining building permits for development. Based on the Concept Plan, the Project is anticipated to require administrative Waivers under the NRD-1 Under Section 3.15, most flexibilities will require that the Project be approved through a Warrant application. Additionally, there may be Waivers triggered based on the evolution of the site plan, including as it currently appears for parking in the 2nd layer. Additional review will be required to determine all Waivers and Warrants triggered before application submittal. Where Development includes an application for one or more Warrant and Waiver, pursuant to Article 7 of Miami 21, the Waivers would become incorporated as part of a Warrant application and to be approved in the form of a "Warrant Final Decision." The Warrant Final Decision is a Special Permit — an administrative approval granted by the City's Planning and Zoning Director after review by staff, upon recommendation by the WDRC, and requires public notice to abutting properties and any organizations or individuals identified on the City's NET List for Wynwood. Pursuant to Article 7.1.2.4, of Miami 21, Waivers and Warrants are subject to appeal by an aggrieved party within fifteen (15) days of the posting of the notice of intended decision, which would be scheduled for a public hearing by the Planning, Zoning, and Appeals Board ("PZAB"). Any appeal taken from the PZAB is to City Commission for a final decision. VIII. WYNWOOD DESIGN REVIEW COMMITTEE Pursuant to the NRD-1, Appendix J of Miami 21, new construction projects and improvements to properties within the NRD-1 boundaries shall be reviewed by the WDRC for design review for compatibility with the cultural and architectural character of the Wynwood Arts District and guidelines that may be adopted from time to time. The WDRC is a design advisory board that makes recommendations to the Planning Department. Projects greater than 200,000 square feet are also subject to review by the Urban Development Review Board (UDRB). All newly constructed projects must include an art or glass treatment along primary and secondary frontages, the design of which must be approved by the City's Planning Director, with recommendation of the WDRC. Parking in the 2nd layer above the ground floor also requires an art, glass or architectural treatment for 100% of that portion of the fagade, to be approved by the Planning Director upon recommendation by the WDRC. In addition, the WDRC Building Fagade Art Guidelines and Recommendations, although not prescriptive in effect, are intended to act as guidelines for applicants. See attached as Exhibit G. The WDRC evaluates presentations from applicants for compatibility with the character of the neighborhood and makes recommendations for approval, approval with conditions, or denial. Artistic interventions can take many forms; the committee will often take into consideration its location in the context of the neighborhood and surrounding properties, function of the building, and generally will appreciate any creative approaches and site -specific interventions that are consistent with the types of art medium, materials, textures, and craftsmanship exhibited currently in the neighborhood or that reflect architecture as art in a way that draws on inspiration from the neighborhood. Based on the Concept Plan, the Project is proposed to include 169,692 square feet of floor area, and thus the Project would not be anticipated to be subject to review by UDRB. 49480386;2 64 Page 9 WYNWOOD WORKS / Omni CRA RFP No. 992381 IX. DISCLOSURES AND ADDITIONAL CONSIDERATIONS This memorandum is limited in scope and expressly limited to the matters stated herein as of the date identified above and for the intended purpose of addressing criteria as set forth in the RFP. No conclusions are to be inferred or implied beyond the information expressly stated in this analysis. There are other factors, laws and regulations, that could affect the use and redevelopment of the Property not addressed herein that may require additional technical expertise, including but not limited to: capacity of existing water and sewer infrastructure, status of stormwater and drainage conditions, building, life safety code and other similar statutes, laws, ordinances, codes or regulations. This memorandum does not address any laws or regulations governing noise, air, water, or other pollution, any environmental issues, or whether any permits, licenses or approvals need to be obtained with respect thereto. Finally, we have not conducted a review of title to the Property and this memorandum does not address any matters of title including, but not limited to, the priority of liens, private agreements or covenants, other property encumbrances, or the adequacy of the referenced survey or legal description of the Property. 49480386;2 Page 10 65 WYNWOOD WORKS / Omni CRA RFP No. 992381 EXHIBIT A 49480386;2 66 2035 NORTH MIAMI AVENUE, MIAMI , FLORIDA (-1C,MIT FOR PROPOSAL #992381 11N1 CRA ‘A: ) f iumlimi Itfr.11111 il F- TUDIO MCG 7500 NE 4' Court Studio 103 Miami, FL 33138 ARCHITECTURE HOUSING WTRXS WYNW@OD MIXED -INCOME HOUSING 2035 North Miami Avenue Miami, Florida 67 COVER A0.00 08/14/2019 STUDIO MCG Flan MECHANICAL SWINGS 7500 NE 4' Court Studio 103 Miami, FL 33138 ARCHITECTURE -114ERL WERE PLE,N-IY OF I)7POR'FCNITIE-S FOR WORKING CLASS PEOO 1.E-1'O 15(11'11 WORK AND LIVE IN THE W \ N\Y[.0D NEIGHIIORHOOD 1)1 RIN(; FI'S FART YI.,1R5.T.1TI"S KEEN' rr THIS \\'AY, M� ETINAN HOUSING irmour_ vow SAT FOOD Y V 1 RXS ATTAINABLE MIXED -INCOME HOUSING 2035 North Miami Avenue Miami, Florida 68 AFFORDABILITY CCHOOORCEUWHERE NECUPAIION aYOU BELONG.DIFFERENT NG HANDS 101 00 FLEXIBILITY WORK AND PLAY IS THE WAY. CREATIVE FOCuSANO KIOOucTON - SREQK NLYWDRIOFIGA UIRE FLOC. SPACE RNEON[. COWORgN4 AMENITIES LOCATED INTNE SAME RURDINI WO ON COM IT ANDNEETNIT.000 LOCALS. NUEETWORK CREATIVITY JUST LET IT IN. WYNWV ODNMS CRUM BYAM1ETSAND ETELL 5! R LEWIS REIM MOON OWED EXTERIOR FACADES BACK m rkE STREET SOTMET WOUID DO WHATTHET K FIC-H2 CIAZFB EXTERIOR \VII:YI' DOES ANACHRONISM MEAN TO SVYN\Y(IOO7 75% SO% 25% FIG.13 04 a FROM F' TO vImGr L II. NEVOLUITON #3 WYNWOOD REVIVAL: ANACHRONISM ANACHRONISM - JUXTAPOSITION OF A LONGING OR HOMAGE TO THE OLDER FACTORY- DRIVENTIMESTO CURRENT DIGITAL AGE. THETHIRD (DIGITAL) REVOLUTION IS CHARACTERIZED BY THE INTERACTION OF PEOPLE WITH ART SPACES.THETHIRD INDUSTRIAL OR DIGITAL REVOLUTION LIBERATED THE CREATIVE MIN DSASTH ERE IS MORE FLEX! BLITYIN FABRICATION DUETOTECHNOLOGICAL LEAP. THANKS TO THE ARTISTS LOOKING FOR AFFORDABKE LIVING AND WORK SPACE, WYNWOOD BECAME MELTING POT OE CULTURES, IDEASANDTALENT, THE COCOON SOTTO. PLANT, ANERICAN RAKEMES ANDREw iNNEMRRYtNIAni nfMLO:Tnf Sal NW 19THFTREETxWYFN000 NM CONFANrvvNw000,I92.11 f ASH ON DISTRICT CeNIIR w.w00,1191. Yt }',e alw'1M3i Can Oil ti 412 FROM HAND CRA Fan '1'O NA'1'FAC1-I'RI1) IN THE 19405. WYNWOOD WITNESSED A DEMOGRAPHIC VOID DUE TO THE WAR, BUT WAS RAPIDLY FILLED WITH HUNDREDS OF JEWISH, KOREAN AND LATIN IMMIGRANTS WORKING IN GARMENT SWEATSHOPS BY THE 1970S, THERE WAS 55%UNEMPLOYMENT AND HIGH RATE OF CRIME WHICH MADE THEIR LIVES OF HARDWORKING LOWER - MIDDLE CLASS IMPOSSIBLE. N1 UNPRECEDENTED INNOVATION IN MIAMI,AS IN OTHER CITIES, THE INDUSTRIAL REVOLUTION LEDTOA SIGNIFICANT RISE IN THE RATE OF URBAN POPULATION GROWTH FUELED BY FACTORY RECRUITMENT ARCHITECTURAL LANGUAGE A0.01 08/14/2019 STUDIO MCG 7500 NE 4' Court Studio 103 Miami, FL 33138 ARCHITECTURE Mi(GaNAN HOUSING wyNweoD MIXED -INCOME ATTAINABLE HOUSING 2035 North Miami Avenue Miami, Florida W.AIKS 69 Illitll e C I.1101111 II '• ' It i ..... — 1 t rhli !17211P-111 RENDERING A0.02 08/14/2019 MCG 7500 NE 4' Court Studio 103 Miami, FL 33138 ARCHITECTURE MiC_LAN HOUSING Nn(NNV@OD WQRKS ATTAINABLE MIXED -INCOME HOUSING 2035 North Miami Avenue Miami, Florida 70 RENDERING FACING NORTHEAST AT AMENITIES DECK A0.03 08/14/2019 SECTION PROJECT INFORMATION PROJECT NAME PROJECT ADDRESS ZONING: LOT AREA: WYNWOOD WORKS 2035 NORTH MIAMI AVENUE, MIAMI FL 33127 T6-8 0, NRD-I Wynwood 19,294 SF BEFORE DEDICATION (0.44 ACRES) 17,810 SF (0.41 ACRES) AFTER DEDICATION SITE REQUIREMENTS SITE REQUIREMENTS REQUIRED PROVIDED A. LOT AREA B. LOT WIDTH C. LOT COVERAGE D. FLOOR LOT RATIO-FLR E. FRONTAGE AT FRONT SETBACK F. OPEN SPACE REQUIREMENT G. DENSITY 5,000 SF MIN; 40,000 SF MAX 50 FT MIN STORIES 1 A: 80% OF LOT MAX. = 17,810 SF *.8 = 14,248 SF ABOVE THE 8TH FLOOR: 15,0005F WA 70% MIN. 222.57 FT *70% = 155.79 FT 10% LOT AREA MIN. 17,810 SF * 10% = 1,781 SF 150 DU/ACRE MAX UNIT/ACRE MAX 0.44 ACRE X 150 RESIDENTIAL = 66 UNITS 17,810 SF 222.57' (WAIVER REQ.) 15,400 SF (86%) 12,927 SF I69,962 217'4" FT 2000 SF 104 UNITS"' **INCREASE IN DENSITY THROUGH ATTAINABLE MIXED -INCOME HOUSING ORDINANCE 2 BUILDING SETBACK SETBACKS ALLOWED/REQUIRED PROVIDED A. PRINCIPAL FRONT (WEST / NORTH MIAMI AVE) B. SIDE (NORTH) C. REAR (EAST) D. SIDE (SOUTH) 1-7TM STORY: 5'-0" / ABOVE 8'H STORY:5'-0" 1-7TM STORY 0'-0" / ABOVE 8' STORY 10'-0" 1-7TM STORY: 0'-0" / ABOVE 8'H STORY: 10'-0' 1-7TM STORY: 0'-0" / ABOVE 8'H STORY: 10'-0' 5'-0" / 5'-0" 1 I" / 10'-0" ***OR AS MODIFIED WITHIN WYNWOOD NRD-I STREET MASTER PLAN BUILDING HEIGHT HEIGHT ALLOWED/REQUIRED PROVIDED A. MIN HEIGHT B. MAX HEIGHT C. MAX BENEFIT HEIGHT 2 STORIES 8 STORIES 4 STORIES ABUTTING ALLTRANSECT ZONES EXCEPT T3 12STORI ES 3 NRD-I PARKING REQUIREMENTS PARKING SPACE/UNIT PARKING RATE REQUIRED PROPOSED A. DWELLING UNIT 650 SF OR LESS B. DWELLING UNIT GREATER THAN 650 SF C. VISITOR SPACES D. COMMERCIAL E. PARKING REQUIRED F. ATTAINABLE HOUSING PROGRAM PARKING REDUCTION G. TOTAL PARKING REQUIRED H. PURCHASED SPACES TOTAL MIN 1 P.S. PER UNIT MIN 1.5 P.S. PER UNIT 1 P.S. PER 10 UNITS 3 P.S. PER 1,000SF *1.2 SHARED PARKING FACTOR 35% REDUCTION 1 P.S. X 67 UNITS = 67 P.S. 1.5 P.S. X 37 UNITS = 56 P.S. 104 UNITS * 1 P.S. PER 10 UNITS=10 P.S. 6,751 SF * 3 P.S./I,000SF = 20.2 P.S.; 20.2 P.S. / 1.2 SHARE PARKING FACTOR= 16.8 P.S RESIDENTIAL 133 P.S.+COMMERCIAL 16.8 P.S. = 149.8 P.S. 149.8 P.S. * 0.65 = 97.37 P.S. 97.37 P.S. 56 102 102 0 BICYCLE RATE REQUIRED PROPOSED F. BICYCLE 1 BICYCLE RACK PER 20 P.S. 8 18 LOADING BERTH REQUIRED PROPOSED G. RESIDENTIAL H. OFFICE/COMMERCIAL FROM 25,000SF TO 500,000SF 420 SF 1 PER 300 ROOMS 240 SF I PER 100 ROOMS FROM 25,000 SF TP 500,000 SF (I) I2X35 (I) I X 20 2 (10X20) (1) 10 X 20 4 WAIVERS REQUIRED REQUIRED PROPOSED ZONING CODE A. PARKING DEDUCTION STUDIO MCG7500 NE 4'Court Studio 103 Miami, ARCHITECTURE FL 33138 M �G�LLnN HOUSING WYNW@OD ATTAINABLE MIXED -INCOME HOUSING ��J �1��j�. Y V 11�7 2035 North Miami Avenue Miami, Florida 71 INDEX DRAWING NAME A0.00 COVER SHEET A0.01 ARCHITECTURAL LANGUAGE A0.02 RENDERING A0.03 RENDERING A0.04 INDEX AND DATA SURVEY A0.05 LOCATION PLAN AI.00 LEVEL I GROUND FLOOR PLAN AI.01 LEVEL 2 PARKING FLOOR PLAN A1.02 LEVELS 3-4 PARKING FLOOR PLAN AI.03 LEVEL 5 PARKING FLOOR PLAN A1.04 LEVEL 6 AMENITIES - PUBLIC SPACE FLOOR PLAN A1.05 LEVELS 7-12 TYPICAL UNIT FLOOR PLAN AREA CALCUALTIONS FLOORS FAR (SF) A. LEVEL I 15,400 B. LEVEL 2 15,400 C. LEVEL 3 15,400 D. LEVEL 4 15,400 E. LEVEL 5 15,400 5 F. LEVEL 6 15,400 G. LEVEL 7 12,927 H. LEVEL 8 12,927 I. LEVEL 9 12,927 J. LEVEL 10 12,927 K. LEVEL I I 12,927 L LEVEL 12 12,927 P. TOTAL 169,962 UNIT TYPE STUDIO 36 1 BEDROOMS 42 2 BEDROOMS 12 6 3 BEDROOMS 6 WORK-UVE 1BDR 1 WORK-UVE3BDR 1 ARTIST STUDIO 6 TOTAL 104 INDEX AND DATA A0.04 08/14/2019 I —2 STORY RETAIL / GALLERY / LIGHT INDUSTRIAL SIDE SETBACK I 0'-0" ABOVE 8TH STORY RETAIL \./ RETAIL k 212.-4" NORTH MIAMI AVENUE FLORIDA EAST COAST RAILWAY kESIDENTIAL LOB BOH FR Nt5ENACK 54'- " RETAIL 2 STORY RETAII EXISTING PROPEILTL( LINE I 00.0' mcG 7500Court Studio 103 Miami, FL 33138 CH'rECTURE Mi‘TEILAN HOUSING WYMAT@OD MIXED —INCOME ATTAINABLE HOUSING 2035 North Miami Avenue Miami, Florida WRKS 72 SITE PLAN A0.05 ""%re=0,W.Tr417"' 08/14/2019 7500 NE 4' Court Studio 103 Miami. FL 33138 M �GcL IAN HOUSING TRASH 153 SF SWITCH GEAR 200 SF SETBACK l0 - GENERATOR - 400 SF SERV. CORRIDOR RETAIL 3,968 SF ATTAINABLE D MIXED -INCOME HOUSING 2035 North Miami Avenue Miami, Florida 73 1 \• i5TORY� �l� • \ . STORAGE /�. •\•\,'• 293 SFil• MAIL 00 4 41*// 1l1IIII, Pam, it Qi RESIDENTIAL LOBBY 1,027 SF FRONT DESK FR NrS: BACK 5' j " jig" PROPERTY LINE (BBL) v 21'-0" 1 EXISTING PROPER Y LINE 1000' LEVEL I PLAN A 1.00 S0+S GB/1.2019 1:0"••••••••'•-.. 14 vl 221-0" 10% WAIVER PER 7.1.2.. (28) IWO �'• •• Elionso rivEncal.7'‘. 10 9 8 7 _ _REAR SEr 4CK/0'-0^gBOVE8•• `�••�''�. STORY RAMP 23 PARKING SPACES TOTAL I ADA. & I TANDEM) 4 • FRONT SETBACK 5'-0 wl iI II4: 14"-"-"-"-"-"-"-"-"-"-" PROPERTY LINE (BBL) 222.57' '-"-" i �1±G7500 NE 4`'Court Studio 103 Miami, FL 33138 ARCHITECTURE M XGELLAN HOUSING SODATTAINABLE MIXED -INCOME ��J HOUSING�j�. Y 14RKS 2035 North Miami Avenue _ Miami, Florida 74 EXISTING PROPERTY LINE 100.0' LEVEL 2 PLAN <Ah A1.01 08/14/2019 �'•`�•-.•••••••. 3 • r 20 21 9 8 7 REAR SETBACK lO'-0"ABOVE BT H STORY RAMP 0 25 PARKING SPACES TOTAL (I TANDEM)_ PROPERTY LINE (BBL) 222.57' b� FRONT SETBACK 5'-0" 1 = �1±G 7500 NEo4' Court 103 Studio03 a R c Miami, FL 33138 i r E c r u R e M‘ELLAN HOUSING SODATTAINABLE MIXED -INCOME ��J ���. HOUSING Y V1L1�7 2035 North Miami Avenue 75 EXISTING PROPERTY LINE 100.0' LEVELS 3-4 PLAN A1.02 08/14/2019 • 20 21 22'-0" 10% WAI ER PER 7.1.2. (28) • 4, 4 - 8800._ REAR SETBACK l0',0" ABOVE 8TH STO 1 29 PARKING SPACES (5 TANDEM) 0 24 25 b� FRONT SETBACK 5'-0" PROPERTY LINE (BBL) 222.57' H STUDIO MCG7500 NE 4'Court Studio 103 Miami, FL 33138 ARCHITECTURE M 6LLAN HOUSING SODATTAINABLE MIXED -INCOME HOUSING Y AIK��j�. ��J S 2035 North Miami Avenue _ Miami, Florida 76 EXISTING PROPERTY LINE 100.0' LEVEL 5 PLAN A1.03 08/14/2019 • ••••„,• WOMEN BATHROOMS MEN BATHROOMS • • TUTORIAL ROO WORKING STATIONS — (744 SF) ,, (819 SF) Em COMMUNITY WORKROOM (1,058 SF) ti VIEW TO RAILWAY ,REAR SETBACK in p„q8 OIhl Z2. 9 !NG WORK/LIVE I -BED (645 SF) ELEV. LOBBY (308 SF) FOL EO SWINGS SET (12) EtI- _.411 . ��--::ter �� _ -' -�fl— - o APARTMENTS LOBBY i L TERRACE GARDEN (4,661 SF) FRONT SETBACK 5'-0 4••-••-••-••-••-••-"-••-••-••-•• PROPSRTYLINE(BBL)222.57' •-••-•• 'MR611-1k ITAE7Bila— WORK/LIVE 3-BED (1020 SF) O oo 2 A^^ 7500 NEo103 urt Studio03 ARCHITECTURE Miami, FL 33138 M 6LLAN HOUSING SODATTAINABLE MIXED -INCOME HOUSING Y V RI�j�. ��J GS 2035 North Miami Avenue Miami, Florida 77 EXISTING PROPERTY LINE 100.0' AMENITIES LEVEL 6 PLAN A 1.04 6 e ,.e� T.00.o;.,o.o.rgiii SP: 1 08 1 arz 01i 9 • I )IDd913S 3 STUDIO (440 SF) STUDIO (500 SF) I -BED (865 SF) I -BED (865 SF) STUDIO (456 SF) FRONT SETB 1" "PROPSRTYLTE(BBL)21 5T"-"-" 'Mr611-h 7TTAE7BB1)-- STUDIO MCG7500 NE 4'Court Studio 103 Miami, FL 33138 ARCHITECTURE M 6LLAN HOUSING SODATTAINABLE MIXED -INCOME HOUSING �1�j�. ��J 1X Y V(7 2035 North Miami Avenue _ Miami, Florida 78 EXISTING PROPERTY LINE 100.0' LEVELS 7-12 PLAN A1.05 08/14/2019 WYNWOOD WORKS / Omni CRA RFP No. 992381 EXHIBIT B 49480386;2 79 City of Miami Planning and Zoning 2037 N. Miami Avenue June 13, 2018 1:1,128 0 50 100 200 ft 0 15 30 60 m City of Miami, Inform aton Technology Department, GIS Team © 2017 © 2018 Microsoft Corporation © 2018 DigitalGlobe ©CNES (2018) Distribution Airbus DS 80 City of Miami Planning and Zoning City of Miami Planning and Zoning 2035 N. Miami Avenue June 13, 2018 1:1,128 0 50 100 200 ft + r + r r r tl 0 15 30 60 m City of Miami, Inform aton Technology Department, GIS Team © 2017 © 2018 Microsoft Corporation © 2018 DigitalGlobe ©CNES (2018) Distribution Airbus DS 81 City of Miami Planning and Zoning City of Miami Planning and Zoning 2043 N. Miami Avenue June 13, 2018 1:1,128 0 50 100 200 ft 0 15 30 60 m City of Miami, Inform aton Technology Department, GIS Team © 2017 © 2018 Microsoft Corporation © 2018 DigitalGlobe ©CNES (2018) Distribution Airbus DS 82 City of Miami Planning and Zoning WYNWOOD WORKS / Omni CRA RFP No. 992381 EXHIBIT C 49480386;2 83 City of Miami Planning and Zoning June 13, 2018 1:1,128 0 50 100 200 ft 1 ! r r J r II 0 15 30 60 m © 2018 Microsoft Corporation © 2018 DigitalGlobe ©CNES (2018) Distribution Airbus DS 84 City of Miami Planning and Zoning WYNWOOD WORKS / Omni CRA RFP No. 992381 EXHIBIT D 49480386;2 85 City of Miami Planning and Zoning June 13, 2018 0 0 1:2,257 105 210 420 ft r r 1 r r I 30 60 120 m (c) 2015 City of Miami, ITD, GIS Team © 2018 Microsoft Corporation © 2018 DgitalGlobe ©CNES (2018) Distribution Airbus DS 86 City of Miami Planning and Zoning WYNWOOD WORKS / Omni CRA RFP No. 992381 EXHIBIT E 49480386;2 87 MIAMI 21 ARTICLE 3. GENERAL TO ZONES AS ADOPTED - JANUARY 2018 c. Historic Preservation. Bonus Floor Area to the maximum bonus Height and FLR as described in Section 3.14.1 shall be allowed for additional square footage qualified under the city Transfer of Development Rights program established in Chapter 23, City Code. d. Green Building. In a T6 zone, additional Height and FLR shall be allowed for Buildings certified by the U.S. Green Building Council as follows: 1. Silver: For Buildings under 50,000 sf, 2.0% of the floor lot ratio (FLR) 2. Gold: 4.0% of the Floor Lot Ratio (FLR) 3. Platinum: 13.0% of the Floor Lot Ratio (FLR) Note: Standards equivalent to the USGBC, as adopted by the City, may alternatively apply. If at the time the first Certificate of Occupancy is issued for the Building that received a public benefits bonus for a Green Building, the anticipated LEED certification has not been achieved, then the owner shall post a performance bond in a form acceptable to the City of Miami. The performance bond shall be determined based on the value of land per square foot of Building in the area of the City in which the proposed project is located, which may be adjusted from time to time based on market conditions. The methodology for determining the value of land per square foot of Building shall be maintained in the Planning Department. The City will draw down on the bond funds if LEED certification has not been achieved and accepted by the City within one year of the City issuance of the Certificate of Occupancy for the Building. Funds that become available to the City from the forfeiture of the performance bond shall be placed in the Miami 21 Public Benefits Trust Fund established by this Code. e. Brownfields. One additional Story of Height shall be permitted for redevelopment on a Brownfield Site as defined herein. f. Civic Space Types and Civil Support Uses. For a development project in a T6 zone that donates a Civic Space Types or Civil Support Uses on site to the City of Miami, an additional two square feet of area for each square foot of donated space or use, up to the bonus Height and FLR, shall be allowed. 3.14.5 No Building permit shall be issued for bonus Height and FLR until the Zoning Administrator has certi- fied compliance with the provisions of this section, upon referral and assurance of compliance from applicable departments. Certification shall be made only after a certified check has been deposited and cleared to the Miami 21 Public Benefits Trust Fund or, for non cash contributions, a binding com- mitment has been approved by the City Manager. The cash contribution shall be nonrefundable. 3.15 AFFORDABLE AND ATTAINABLE MIXED -INCOME HOUSING SPECIAL BENEFIT PROGRAM SUPPLEMENTAL REGULATIONS The intent of the Affordable Housing special benefit program established in this section is to facilitate the development of high quality Affordable Housing in the City by providing development incentives, including, but not limited to, modifications of architectural/design standards and parking reductions. 3.15.1 As a pre -requisite to qualify as an Affordable Housing Development eligible for any of the special benefits described in Section 3.15, an applicant shall submit to the Office of Zoning: a. Certification by the City's Community and Economic Development Department that the pro- 88 111.34 MIAMI 21 AS ADOPTED - JANUARY 2018 ARTICLE 3. GENERAL TO ZONES posed Development will provide a minimum of eighty percent (80%) of the Dwelling Units (Multi -family or Elderly) as Affordable Housing serving residents at or below sixty percent (60%) of the area median income (AMI) as published by the United States Department of Housing and Urban Development annually; or that the proposed Development is a mixed -in- come building providing at least forty percent (40%) of the units as Affordable Housing serving residents at or below sixty percent (60%) of AMI or providing at least twenty percent (20%) of the units as Affordable Housing serving residents at or below fifty percent (50%) of AMI, is not restricted to elderly residents, and is located within a Residential Density Increase Area as set forth in Article 4, Diagram 9 of the Miami 21 Code; b. A recorded covenant running with the land acceptable to the City of Miami, confirming the property will meet the criteria in subsection (a) above for a period of no less than thirty (30) years from the date of the issuance of a final Certificate of Occupancy 3.15.2 As a pre -requisite to qualify as an Attainable Mixed -Income Housing Development eligible for any of the special benefits described in Section 3.15, an applicant shall submit to the Office of Zoning: a. Certification by the City's Community and Economic Development Department that the proposed Development will provide a minimum of forty percent (40%) of the Dwelling Units as Affordable Housing serving residents at or below sixty percent (60%) ofAMI and the remainder of the Dwelling Units as Workforce Housing; or certification by the City's Community and Economic Development Department that the proposed Development will provide a minimum of twenty percent (20%) of the Dwelling Units as Affordable Housing serving residents at or below fifty percent (50%) ofAMI and the remainder of the Dwelling Units as Workforce Housing. b. Verification that the proposed Development is within a quarter (') mile of a Transit Corridor, or a half ('/) mile of a TOD. c. A recorded covenant running with the land acceptable to the City of Miami, confirming the property will meet the criteria in subsection (a) above for a period of no less than thirty (30) years from the date of the issuance of a final Certificate of Occupancy, with two (2) automatic ten (10) year extensions that may be released by a vote of the City Commission. 3.15.3 Affordable and Attainable Mixed -Income Housing Developments that abut a T3 Zone are not eligible for the provisions in Section 3.15. Affordable and Attainable Mixed -Income Housing Developments that abut a T4 Zone shall require a Warrant for consideration under Section 3.15. 3.15.4 In place of any conflicting provisions elsewhere in this Code, Affordable and Attainable Mixed -Income Housing Developments may be developed in accordance with the following, subject to a Warrant: a. Height 1. T5: Maximum building height of 75 feet with no limitation on the number of Stories; 2. T6-8: Maximum building height of 125 feet with no limitation on the number of Stories; 3. T6-12: Maximum building height of 240 feet with no limitation on the number of Stories; b. Parking may extend into the Second Layer above the first Story along all Frontages. The Facade of a parking garage that is not concealed behind a Habitable Liner shall be screened to conceal from view all internal elements including, but not limited to, vehicles, plumbing pipes, fans, ducts and all lighting. The size, location, and materials for such screening elements shall be reviewed by Waiver with referral to the Planning Department. 89 111.35 MIAMI 21 AS ADOPTED - JANUARY 2018 ARTICLE 3. GENERAL TO ZONES c. Pedestrian or Vehicular Cross Block Passages shall not be required. d. Development Abutting two (2) or more Thoroughfares shall have only one (1) Principal Front- age and shall not be subject to the minimum Principal Frontage Line requirement. Determina- tion of which Frontage is to serve as the Principal Frontage shall be made by the Planning Director upon request by the Zoning Administrator. e. Development shall not be subject to maximum Lot Area requirements. f. Development in T6 Zones shall be exempt from complying with the requirements contained in Sections 5.6.1 (h) and 5.6.2 (b). g• Setback requirements above the eighth floor may be modified by Waiver for Development in T6 Zones. 3.15.5 Parking requirements for those units that qualify as Affordable or Attainable Mixed -Income Housing may be reduced as stated below. The parking reductions below may be cumulative; however in no event shall parking be reduced by more than eighty percent (80%) of the spaces required. a. Athirty-five percent (35%) reduction in required parking is permitted by Right. b. Within a Transit Oriented Development (TOD), an additional reduction of fifteen percent (15%) of required parking is permitted by Right and an additional reduction of fifteen percent (15%) of required parking is permitted for Attainable Mixed -Income Housing Projects by Waiver. c. An additional reduction of up to fifteen percent (15%) of required parking may be permitted by Warrant, upon a showing that the reduction in off-street parking is justified in view of the nature and type of prospective occupancy and the economic circumstances involved, and that the impacts from such reduction are not likely to unduly burden traffic and parking facilities in the neighborhood. d. Parking for development proposals providing Housing for the Elderly may be reduced by War- rant to provide a maximum of one (1) parking space per every two (2) Dwelling Units provided as Elderly Housing, upon a showing that the reduction in off-street parking is justified in view of the nature and type of prospective occupancy and the economic circumstances involved, and that the impacts from such reduction are not likely to unduly burden traffic and parking facilities in the neighborhood. e. Affordable orAttainable Mixed -Income Housing Developments whose parking has been reduced under the terms set forth in Section 3.15 will continue to operate under the recorded covenant described in Subsection 3.15.1(b) or 3.1.5.2(b), until parking requirements applicable at the time of release are met. 3.15.6 In addition to the Development incentives listed above, Attainable Mixed -Income Housing projects shall be afforded Density bonuses as follows; a. Any Development that meets the criteria in Subsection 3.15.2 (a) and 3.15.2 (b) and provides a minimum of ten percent (10%) of the Dwelling Units as Extremely Low Income as defined herein shall be provided one (1) additional unit of Density per Attainable -Workforce Housing unit provided. The Development after the Density bonus shall maintain the affordable and workforce 90 111.36 MIAMI 21 AS ADOPTED - JANUARY 2018 ARTICLE 3. GENERAL TO ZONES housing mix described in 3.15.2 (a), and shall provide ten percent (10%) of the Dwelling Units as Extremely Low Income Housing for the entire Development. b. Any Development that meets the criteria in Subsection 3.15.2 (a) and 3.15.2 (b) and provides a minimum of five percent (5%) of the Dwelling Units as Extremely Low Income as defined herein shall be provided one half (1/2) additional unit of Density Attainable -Workforce Housing unit provided. The Development after the Density bonus shall maintain the affordable and workforce housing mix described in 3.15.2 (a), and shall provide five percent (5%) of the Dwelling Units as Extremely Low Income Housing for the entire Development 3.16 WORKFORCE HOUSING SPECIAL BENEFIT PROGRAM SUPPLEMENTAL REGULATIONS 3.16.1 As a pre -requisite to qualify as an Attainable Workforce Housing Development eligible for any of the special benefits described in Section 3.16, an applicant shall submit to the Office of Zoning: a. Certification by the City's Community and Economic Development Department that the proposed Development will provide a minimum of twenty-five percent (25%) of the Dwelling Units as Work- force Housing serving residents above sixty percent (60%) of the area median income ("AMI") and at or below eighty percent (80%) of the AMI as published by the United States Department of Housing and Urban Development ("HUD") annually; that the proposed Development will provide a minimum of fifty percent (50%) of the Dwelling Units as Workforce Housing serving residents above eighty percent (80%) of the AMI and at or below one -hundred -twenty percent (120%) of the AMI as published by HUD annually; and the proposed Development will provide the remain- ing Dwelling Units as Workforce Housing serving residents above sixty percent (60%) of the AMI and at or below one -hundred -forty percent (140%) of the AMI as published by HUD annually; b. Verification that the proposed Development is within a quarter (') mile from a Transit Corridor or a half (%) mile from a Transit Oriented Development ("TOD"); and c. A recorded covenant running with the land, in a form acceptable to the City Attorney, requiring the property meet the criteria in Subsection (a) above for a period of no less than thirty (30) years from the date of the issuance of a temporary or final Certificate of Occupancy, whichever is issued first. 3.16.2 Attainable Workforce Housing Developments that Abut a T3 Zone are not eligible for the provisions in Section 3.16. Attainable Workforce Housing Developments that abut a T4 Zone shall require a Warrant for consideration under Section 3.16. 3.16.3 Notwithstanding any conflicting provisions elsewhere in this Code, Attainable Workforce Housing Developments may be developed in accordance with the following, subject to a Warrant: a. Height 1. T5: Maximum building height of seventy-five (75) feet with no limitation on the number of Stories; 2. T6-8: Maximum building height of one hundred twenty-five (125) feet with no limitation on the number of Stories; 3. T6-12: Maximum building height of two hundred forty (240) feet with no limitation on the 91 111.37 MIAMI 21 AS ADOPTED - JANUARY 2018 ARTICLE 3. GENERAL TO ZONES number of Stories; b. Parking may extend into the Second Layer above the first Story along all Frontages. The Facade of a parking garage that is not concealed behind a Habitable Liner shall be screened to conceal from view all internal elements including, but not limited to, vehicles, plumbing pipes, fans, ducts and all lighting. The size, location, and materials for such screening elements shall be reviewed by the Planning Department. c. Pedestrian or Vehicular Cross Block Passages shall not be required. d. Developments abutting two (2) or more Thoroughfares shall have only one (1) Principal Front- age and shall not be subject to the minimum Principal Frontage Line requirement. Determination of which Frontage is to serve as the Principal Frontage shall be made by the Planning Director upon request by the Zoning Administrator. e. Developments shall not be subject to maximum Lot Area requirements. f. Developments in T6 Zones shall be exempt from complying with the requirements contained in Sections 5.6.1(h) and 5.6.2(b). g. Setback requirements above the eighth floor may be modified for Developments in T6 Zones. 3.16.4 Parking requirements for those units that qualify as Attainable Workforce Housing may be reduced as stated below. The parking reductions below may be cumulative; however, in no event shall park- ing be reduced by more than eighty percent (80%) of the spaces required. a. A thirty-five percent (35%) reduction in required parking is permitted by Right. b. Within a TOD, an additional reduction of fifteen percent (15%) of required parking is permitted by Right and an additional reduction of fifteen percent (15%) of required parking is permitted for Attainable Workforce Housing Projects by Waiver. c. An additional reduction of up to fifteen percent (15%) of required parking may be permitted by Warrant, upon a showing that the reduction in off-street parking is justified in view of the nature and type of prospective occupancy and the economic circumstances involved, and that the impacts from such reduction are not likely to unduly burden traffic and parking facilities in the neighborhood. d. Attainable Workforce Housing Developments whose parking has been reduced under the terms set forth in Section 3.16 will continue to operate under the recorded covenant described in Sub- section 3.16.1(c), until parking requirements applicable at the time of release are met. 3.17 PUBLIC ART REQUIREMENTS Government Development Projects shall comply with all applicable provisions of the Public Art Pro- gram pursuant to Article 11 of this Code and Chapter 62, Article XVI, of the City Code, as applicable. 92 111.38 WYNWOOD WORKS / Omni CRA RFP No. 992381 EXHIBIT F 49480386;2 93 2018 HOUSING INCOME LIMITS CHART INCOME CATEGORY Household 50% 60% 80% Size of median of median of median 120% 140% of median of median 1 S27,550 833,060 S44,100 $66,120 S77,140 2 S31,500 S37,800 S50,400 875,600 S88,200 3 $35,450 $42,540 $56,700 $85,080 $99,260 4 $39,350 $47,220 $62,950 $94,440 $110,180 5 $42,500 $51,000 $68,000 $102,000 $119,000 6 S45,650 854,780 S73,050 8109,560 S127,820 7 $48,800 $58,560 $78,100 $117,120 $136,640 8 $51,950 $62,340 $83,100 $124,680 S145,460 CITY OF MIAMI DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT (Note: Updated April 2018) Maximum Sales Price existing homes $261,000 Maximum Sales Price new homes $276, 000 Median Income $52, 300 94 WYNWOOD WORKS / Omni CRA RFP No. 992381 EXHIBIT G 49480386;2 95 ADOPTED BY WDRC - 4/10/19 recommended to the BID Board for its consideration before being formally applied to projects presented to the WDRC Wynwood Design Review Committee Building Facade Art Guidelines and Recommendations There are no restrictions on subject matter for art other than it should not be an advertisement, be "commercial" in nature, show recognizable logos, trade or sales marks, contain ad copy, or otherwise depict wares or services provided or sold on or off premises. The art should recognize and, wherever possible, re -enforce the street -art roots of Wynwood. Wynwood is gritty, witty and weird! Hand -painted murals are strongly encouraged over manufactured or mechanically applied art. Recognize that people travel from all over the world to see and be seen in front of Wynwood Art. As such, new art should endeavor to add to and become an integral part of this phenomenon. Decorative graphic art, predominately white, or generic color -field designs are discouraged without a strong and demonstrable artistic concept behind them. No one will typically travel to see or take photos of this kind of installation. Wynwood is looking for art - not decoration. Art is encouraged to make a statement and to be bold and colorful, as appropriate. It is also not meant to be static; it can and should change over time so you can afford to be a little daring. Please familiarize yourself with the existing street -art in Wynwood. Wynwood art is predominately mural -based street art experienced from the public street. As such, it should be incorporated into the street -facing facades of buildings. Property - line party -walls or rear walls should also be used whenever possible - however these are not a substitute for street -facing art as these walls may be covered by ensuing projects. Other types of art are actively encouraged - however these should not be in lieu of wall or mural -based art. Likewise, architectural designs, materials or embellishments, although also actively encouraged, are not a substitute for art. The art shown for your project does not need to be the final but should be strongly indicative of the intended art. Also, be mindful that Wynwood is different from the Design District, South Beach, MIMO, and other places in Miami. The art should reflect this distinction. Larger developments are strongly encouraged to retain an art consultant but this is not a requirement. Also, both established and unknown artists are equally welcomed. The WDRC review process is intended to help you think about art at an early stage so that your project can make an exciting contribution to the Wynwood streetscape. Art should 4/03/2019 49479447;1 96 ADOPTED BY WDRC - 4/10/19 recommended to the BID Board for its consideration before being formally applied to projects presented to the WDRC not be an afterthought in Wynwood - or for your project. This is your chance to be bold, stretch the envelope, and make a statement! Go for it! 4/03/2019 49479447;1 97 Tab 8 NVY1VVV.•' OIL WORKS PUBLIC BENEFITS "HELPING OTHERS IS LIKE HELPING YOURSELF" Henry Flagler Housing in the City of Miami is increasingly unaffordable for its residents Wynwood Works will be an Affordable and Workforce Housing Community developed under the City of Miami's Attainable Housing Ordinance. Every unit in the development will be set -aside as Affordable or Workforce Housing with apartments for individuals and families transitioning out of homelessness to 140% Area Median Income (AMI). There is tremendous need for new, high quality, attainable housing in the City of Miami. 61% of renters in the City of Miami are cost burdened or severely cost burdened. For purposes of housing affordability, households that spend more than 30% of income on housing are considered to be "cost burdened," and those that spends more than 50% of income on housing are considered "severely cost burdened." "Miami's affordable housing crisis is so dire; the city needs at least 50,000 units just to meet the existing need." — City of Miami's Connect Capital Miami Report (May 2019) 99 Wynwood Works will fulfill multiple federal, state and local objectives. It will enable neighborhood residents to have tangible and visible evidence of the City commitment to affordable and workforce housing. It will leverage CRA resources into desperately needed housing that will have a lasting impact on the residents of this important neighborhood in the City of Miami. We carefully reviewed the Omni CRA Redevelopment Plan prepared in 2006 by Zyscovich Architects, Inc. and updated in June 2009 by the City of Miami Community Redevelopment Agency and the City of Miami Planning Department. Through the Omni CRA Redevelopment Plan, we identified specific community benefits. This is our community benefits plan, a proposed plan that demonstrates identifiable and observable benefits to the City of Miami. Said plan shall include but not be limited to specific community benefits to ensure that we create employment opportunities for local City of Miami residents. Creating a Livable Community Strong neighborhoods must be livable, attractive, stable and be incorporated into the community. The southeast quadrant of Wynwood is ready for a renaissance. We had a very positive meeting with Matt Kuscher, the owner of KUSH directly to the south. Our neighbors will be important stakeholders as the site plan is finalized and we intend to continue to consult closely with them. To the East is FECI's rail corridor and the sites to the North and West are blank canvasses that will likely be developed into world -class buildings targeting a new demographic. Incorporating traffic patterns, density, and height into the neighborhood so it doesn't disrupt the quality of life will be paramount objectives of the architect and design team. We intend to create a livable community not only for our residents, but we intend to enhance the entire neighborhood through this development. Site selection is perhaps one of the most critical decisions when planning for a livable community and Magellan Housing is tremendously excited about the prospect of providing and ensuring access to housing for this traditionally middle-class neighborhood. Perhaps no neighborhood in Miami has undergone as dramatic and rapid a shift as the Wynwood neighborhood. As a result, developers and speculators will soon make Wynwood unrecognizable and the opportunities to allow current residents to stay in the neighborhood will become increasingly rare. There have been numerous stories about rents forcing existing residents out. This is an incredible workforce housing development site that will be an asset for the community in its esthetics, its design, its amenities, and the importance in developing affordable and workforce housing in Wynwood cannot be overstated. The result will be a fully developed practical and well -designed urban 100 development in short proximity to numerous sources of public transportation including Miami - Dade County Transit Bus Routes 2 and 32. Incorporated in this plan are numerous amenities and programs that will serve the residents and be integrated into the fabric of the neighborhood. The walkability of this location will serve the population and reduce automobile dependency. This portion of the City of Miami is an area that is currently lacking density. Wynwood Works will be a catalyst for this repopulation and will be identifiable from its well thought out design. In fact, this important multiuse building will become a signature landmark for not only the neighborhood, but the City at large. Wynwood Works will be the catalyst for a neighborhood revitalization that will help promote activity and ensure housing in a mixed income community that will assist individuals coming out of homelessness to market rate. Affordable and Workforce Housing The need for quality affordable and workforce housing is often talked about, but for the 61% of cost burdened residents in Miami it is a critical impediment to their financial security. As rents across the area continue to skyrocket, incomes are not keeping up. Recent studies by the Census Bureau and Department of Housing and Urban Development show that (1) Miamians spend a larger percentage of their income on rent than residents of any of the other top 100 metro areas in the U.S. and (2) Miamians on average spend 27 percent of their income on rent, a percentage that tops the nation's 25 other largest metropolitan areas. More residents become cost burdened every day and finding decent available housing at reasonable price points in neighborhoods such as Wynwood has become nearly impossible. Our proposal is to provide housing for individuals coming out of Homelessness to varied affordable housing targets to varied workforce housing targets. It is truly a unique opportunity to develop a true mixed -income community that reflects the identity of the residents of the City of Miami. This will be a groundbreaking signature project that will demonstrate the City's commitment to ensure attainable housing for future generations. Artist Housing Magellan Housing is a national leader in providing specific amenities, programs, and design features to tailor high -quality, yet affordable, housing to the specific age needs and lifestyles of those being served. The arts and Wynwood are synonymous, but increasingly as recent articles have demonstrated, artists are being gentrified out of Wynwood. Our project sets aside 6 artist lofts to ensure that artists will be able to continue to call Wynwood home. Payment to the City Wynwood Works is expected to pay $83,200 in taxes after the first full year of operation. With a 3% escalator over a 99-year period, the selection of this projects will generate over $25,386,792 in payments. 101 Job Variety and Growth Magellan Housing recognizes that job growth creates economic hope and is committed to working with the OMNI-CRA, the City of Miami, community stakeholders, and our neighbors to create an innovative construction Job -Training Program for the Wynwood Works development. Job opportunities and growth create the foundation for neighborhood stability and are the keys to a prosperous community. Neighborhood stakeholders realize and advocate that job opportunities need to be created and available to existing residents of the City of Miami. Magellan Housing will incorporate local workforce initiatives as part of the development which will include a local hiring plan that will be negotiated with the OMNI-CRA. Based upon current real -life experiences with previous recent projects, Magellan Housing is extremely familiar with the challenges in maximizing these efforts. We proudly anticipate that many job opportunities will be created from the Wynwood Works development. The construction jobs and the jobs created by the residential and commercial components of Wynwood Works can bring many good quality jobs to the neighborhood. Wynwood Works will put lawyers, accountants, architects, engineers, and environmental scientists to work immediately. These are high paying jobs that will provide millions of dollars of income into our communities. The construction component of Wynwood Works is expected to create up to 160 new jobs (representing 160 local families). The jobs created by leasing and management components will be high - quality and permanent. The residential component, through the management, maintenance, accounting, and operations of the residential housing development, is expected to create approximately eight (8) new full-time jobs. Magellan Housing will exceed expectations in local hiring from the neighborhood and will create a Job -Training program. The commercial component will create approximately twenty-five (25) new full-time jobs. Economic Development A selection of this Proposal would provide a meaningful economic stimulus for the neighborhood, for the OMNI-CRA, for the City of Miami, and for Miami -Dade County. The City's selection of this project and 102 investment in it would create approximately $35,000,000 of direct economic activity in Miami -Dade County. Further, with more residents comes more economic activity as they spend their earnings in their City. With this influx of new residents that Wynwood Works would provide, the retail in the surrounding area will likely flourish. Wynwood Works will expand the tax base through a significant capital investment in this neighborhood. This will, in turn, promote more economic development and commerce in the neighborhood. This residential community will allow trade and business to flourish and continue to further the CRA goals. The Tax -Increment Financing (TIF) generated by the Wynwood Works development may be used as supplemental or gap funding for the project to ensure its financial success and stability. Density Wynwood Works will be a high -density development allowing it to seamlessly fit into the fabric of the surrounding community. Repopulating the community is an important aspect in the revitalization of the area, however, creating a community appropriate development that doesn't disturb the lives of existing residents is paramount. Retail spaces will not work without customers and most national retailers will not enter an under populated neighborhood. Therefore, it is critical that the first step in revitalizing the neighborhood is filling it with people by bringing in density. Once the neighborhood is repopulated, retail and economic activity will follow. Educational Opportunities There will be significant on -site amenities available to residents living in Wynwood Works as well as a wide array of resident educational, health, and occupational programs. Magellan Housing is committed to the continued education and betterment of its residents through training programs. Among the numerous programs offered to its residents, Magellan Housing has sponsored programs such as First Time Homebuyer Seminars, Job Training, Health Care Programs, and Financial Counseling. Our property manager has tremendous experience in this regard and have directly sponsored these educational activities in over 200 communities. Walkable Attractive Streets For the families, seniors, children and neighbors of Wynwood Works, walking within the neighborhood must be accessible, safe, and pleasant. There will be special attention placed on providing efficient ingress and egress. Within 1 mile of the site are schools, parks, grocery stores, 103 restaurants, banks, places of worship, pharmacies, bus and rail stops that will allow you to get anywhere Miami -Dade Transit travels. Creating pedestrian -friendly streets by encouraging lighting and focusing on neighborhood street facades and features at the street -level of the development further enhance the neighborhood. Appropriate Architecture Appropriate and attractive architecture is important to residents and stakeholders of a community who will feel pride when receiving compliments about where they live. The final design itself be an exceptional work of art in shape, creativity, and design. It is also important to attract other investors to continue to improve the neighborhood. Our design will stand out, yet blend in, to the neighborhood. After careful due diligence and conversations with community stakeholders, Magellan Housing has come to the conclusion that incorporating the character and integrity of the community into a well -designed, extremely attractive and functional development plan will meet and exceed expectations of neighborhood stakeholders. An outstanding design team will continue to refine a plan that incorporates an appropriate combination of density, art, height, colors, pedestrian - friendly access, into a livable vibrant community. Wynwood Works will be a shining example of a successful public -private partnership for many years to come. Restore the Community Wynwood Works will be developed so that it is compatible with and highlights the existing heritage of the area. Traditionally a middle-class neighborhood, if attainable housing is not built now, there may not be another chance. However, this project will also be a catalyst that embodies the neighborhood's rich history past and present and these will be thoughtfully considered in the development plan of Wynwood Works. Though this will be a modern building with numerous high -quality features and amenities we will continue to endeavor to be a physical reminder of the community's heritage and will continue to enhance the richness of the neighborhood. The Low -Income Housing Tax Credit (LIHTC) doesn't lend itself to this varied income targeting, but worse, there is no certainty or timing assurance associated with federal and state funding programs for affordable and workforce housing. Therefore, our plan does not rely on these speculative sources. 104 ECONOMIC IMPACT STUDY 2035 North Miami Avenue, City of Miami, Florida/ Once complete, the proposed development of Wynwood Works will be nearly a $40,000,000 new construction project that will have immense economic impact for the immediate neighborhood, the City of Miami, and Miami -Dade County. The following is a summary of what selecting this Proposal will mean to the City of Miami in terms of economic impact and job creation: (1) CONSTRUCTION JOBS: Wynwood Works will provide jobs to 140 construction workers, (representing 140 local families). These jobs are expected to last approximately 2 years. (2) PROFESSIONAL JOBS: Wynwood Works will put lawyers, accountants, architects, engineers, environmental scientists and other professionals to work immediately. (3) TAXES: Wynwood Works is expected to pay $83,200 in taxes after the first year of full operation. With a 3% escalator over a 99-year period, the selection of this project will directly pay back $25,386,792. (4) PERMANENT JOBS: Wynwood Works will fully or partially fund many Permanent Jobs including management, leasing, accounting, and maintenance jobs. It is expected that over 15 permanent jobs will be created because of this project. (5) LEVERAGING: Any anticipated City of Miami Funding will be leveraged substantially with Institutional subsidy. (6) ECONOMIC STIMULUS: A selection of this Proposal would provide a meaningful economic stimulus for the neighborhood, for the City of Miami, and for Miami -Dade County. The City's selection of this project and investment in it would create approximately $70,000,000 of economic activity in Miami -Dade County. Wynwood Works will consist of 104 affordable and workforce housing units when completed. Wynwood Works will consist of 6 Artist studios. The total unit mix will be 42 studios, 43 one -bedrooms, 12 two - bedrooms, and 7 three -bedroom apartment homes. This mixture is included within a community that will have extensive amenities. The architectural style of this building will reflect the neighborhood and its location, makes it an ideal place to call home. A selection of this Proposal and an investment of CRA Funding in this Development would provide a meaningful economic stimulus for the neighborhood. The City's investment would create approximately $70,000,000 of economic activity, it would create 104 much needed new high -quality workforce housing units, it would create new jobs (permanent jobs and construction jobs), it would generate significant tax revenues for Local Governments. The selection of this Proposal and a commitment of CRA funding would be a strong and effective way to produce both a meaningful and very timely economic stimulus for the City of Miami and for Miami -Dade County. 105 Tab 9 106 WYNWOD Y Vs PROJECT SCHEDULE Magellan Housing has one of the strongest track records in the industry for delivering developments in a timely basis, usually well ahead of schedule, and on budget. The team's financial capacity is unmatched as are its long-standing relationships with the largest financial institutions in the United States. 1) Execute Development Agreement 2) Plans and Specifications 3) Apply for Building Permits 4) Receive Building Permits 5) Construction Start 6) Construction Loan Closing 7) Construction Completion 8) Stabilized Occupancy Within 3 months Within 4 months of Execution of Agreement Within 1 month of Plans and Specifications Within 7 months after Applying Upon receipt of Building Permits Upon receipt of Building Permits Within 20 months of Construction Start Within 12 months of Construction Completion The estimated timeline is a best estimate only. It is subject to change based upon many factors, including the final approved Development Agreements and entitlement and financial assistance approval schedule, and market conditions. Based on our initial due diligence of the Development Site, challenges that may impact the Project Schedule include, but are not limited to, a possible need to replat the property, limited suitable sites for construction and crane staging, proximity to FPL lines, proximity to the FEC train corridor. All timeframes above commence following an invitation to negotiate a Development Agreements and Contracts conveying site control with the City of Miami. Magellan Housing is fully committed to immediately enter into final negotiations to achieve prompt execution of all such agreements and contracts. 107 Tab 10 108 Wynwood Works The City of Miami, Florida OPERATING AND MARKETING PLAN Royal American Management, Inc. currently manages approximately 30,000 units. Royal American Management, Inc. has extensive experience in all aspects of property management with a specialty in the marketing and lease -up of new and existing workforce and affordable housing communities. Royal American Management, Inc. has created comprehensive Policies and Procedures Manuals for Management, Compliance, Leasing, Outreach Marketing, Purchasing and Fiscal Responsibilities, Accounts Receivable and Lease Administration, and Yardi. Key Personnel The development will be staffed with a Community Director, Leasing Consultant, Maintenance Supervisor and Maintenance Technician. The Community Director will report to the Regional Manager. The Regional Manager will report to the Senior Vice President of Operations who in turn will report directly to the President of Royal American Management, Inc. All staff members receive significant training which includes but is not limited to Fair Housing, Risk Management, Mold Awareness and Compliance. Marketing Plan An effective, strategic and comprehensive Marketing Plan is required to ensure the successful lease -up and long-term occupancy of Wynwood Works. Royal American Management, Inc. will design, implement and execute all aspects of the Marketing Plan for Wynwood Works. Prior to Certificate of Occupancy At least 120 days prior to receiving the Certificate of Occupancy for Wynwood Works, a Lease - Up Kickoff Meeting will be held with the Regional Manager, Regional Maintenance Supervisor, and Senior Leasing Manager as led by the President and Marketing Coordinator of New Developments. 1. A market survey will be conducted by the Senior Leasing Manager. The market survey will include information about area competitive properties and detail rental rates, occupancy information and property fee information. 2. Rental rates and income limits will be based on the City of Miami's area median income limits and calculated with the utility allowances for the property. 109 3. The Criteria for Resident Selection will be finalized and approved. This document will outline the requirements of all applicants including credit and criminal background check information. 4. Application packages will be printed. 5. Residential Rental Agreements will be created. 6. Preparations for the opening of a temporary Leasing Office will commence. 7. The property marketing material will be prepared and printed. These materials will be printed in English and Spanish. 8. Leasing staff will be hired and trained. This staff will be trained according to Royal American's Leasing Policies and Procedures. This training will include telephone techniques, closing techniques, local community awareness, as well as an in-depth understanding of the needs of the resident population at Wynwood Works. 9. Leasing Personnel may be required to take Fair Housing training through Grace Hill (www.gracehill.com), a leader in on-line training for the multi -family industry. The Regional Manager and Senior Leasing Manager will train and supervise all leasing personnel, under the direction of the President, Senior Vice President of Operations, and Manager of Operations. 10. The Affirmative Fair Housing Marketing Plan will be reviewed in detail with all Leasing Personnel. 11. A website for Wynwood Works will be created to attract prospective residents. The website will outline the floor plans, community amenities, and apartment amenities and finishes. The website will provide a locator map and the ability to print a summary brochure and floor plans. The website will have the capacity for the user to translate the content into Spanish, Creole and other languages as needed. 12. The Americans with Disabilities Act and Equal Housing Opportunity logos will be displayed on all marketing collateral and advertisements and it will also be posted on the property' s web site. 90 Days Prior to Certificate of Occupancy to Project Completion A systematic Outreach Marketing Program will commence 90 days prior to first occupancy. This requires that one team member assume the role of outside marketing specialist. The success of this effort is based upon the development of a professional relationship between the team member and key personnel at area businesses, places of worship, advocacy groups, social service agencies, senior centers, Section 8 and housing offices, and advocacy groups. Outreach marketing logs will record in detail visits to these important Community Contacts. 110 An important thrust of the outreach marketing program is to ensure that residents in the subject area are aware of this unique housing opportunity. Every effort will be made to have as many applicants from the neighborhood become residents as possible. In addition, the designated team member is intimately familiar with Wynwood Works and what makes the apartment community special. During this time period, the following activities will also be taking place. 1. A temporary Leasing Office will be opened 90 days prior to first occupancy. 2. Temporary leasing signs will be installed on -site to attract drive by traffic. 3. A leasing banner will be installed on the building to attract drive by traffic. 4. Advertisements will run in area publications as needed and may include the Miami Times, Diario Las Americas, The Miami Herald and other newspapers. 5. Visits will be made to the local Section 8 and other housing offices and brochures and floor plans will be provided. 6. Weekly Lease -Up meetings with the President, Regional Vice President, Senior Leasing Manager and Marketing Coordinator will be held to track the effectiveness of the marketing and advertising campaigns and the processing of resident applications. 7. The Royal American Compliance Department will approve all applications for residency. The Compliance Department is responsible for ensuring that all applicants meet the income guidelines for the property as published by the U.S. Department of Housing and Urban Development. 8. Direct Mailings may be sent to local area apartment communities. 9. Periodically, Leasing Consultants will be evaluated by a third -party company to ensure that all aspects of their leasing presentation is commensurate with Royal American policies and procedures and that they are meeting the objectives of the lease -up of the community. They will assess their performance on the telephone and during their visit to the property and evaluate their presentation to ensure that the Leasing Consultant is adhering to all aspects of the Fair Housing Act. This information will be used to assist the Leasing Consultant in improving their performance, if necessary. Once the management, leasing offices and a model apartment are completed and decorated, Open Houses will be held. Tours of the community amenities and model apartments will be given and refreshments will be served. A Grand Opening will be held once construction of the community is complete. 111 Maintenance The condition and general appearance of the property affects the occupancy as well as the reputation of the rental community. An effective program will be implemented by the maintenance personnel and overseen by the Community Director on a daily basis. The maintenance program for Wynwood Works apartments is separated into three components: corrective maintenance, decorating and preventative maintenance. The efficient completion of resident service requests and service requests generated by staff personnel is insured through the utilization of work orders, work order tracking logs and monthly work order summaries which are monitored by the Community Director and Regional Staff. A tour of the community grounds will take place each morning to pick up debris and litter. The pavement will be swept weekly. The landscaping maintenance will be performed by an outside contractor as selected from a competitive bid process. The lobby area and entryways of the community will be cleaned twice daily and the common hallways, community room and bathrooms will be cleaned once a day. Work orders completed in house are generally completed by the maintenance staff. The cost for completing service orders resulting from misuse or neglect by the resident is charged to that resident and added to their account. A Preventative Maintenance program is initiated on all mechanical systems (beyond the scope of the warranty to be provided by the contactor) in accordance with the manufacturer's recommendations. This program will also include the necessary maintenance of all landscaping and grounds to insure that curb appeal is always maximized. Preventative maintenance inspections on a quarterly basis for each apartment unit (occupied or vacant) will be conducted to ascertain the condition of appliances, bath tile and fixtures, floors, walls, ceiling and light fixtures. In addition, all filters will be replaced as necessary. Repairs will be made on a timely basis. Fire safety systems will be inspected as contracted and required by local fire safety ordinances. Major repairs requiring Owner approval will be accomplished utilizing a competitive bid procedure. Emergency repairs will be handled in a timely and appropriate manner by either maintenance personnel or a general contractor. The decorating process begins with a pre -move -out inspection. Apartment inspections will take place upon notification of a move -out from the resident and a Move -Out Inspection Form will be completed to assess damages, if any. This form is kept in the resident's permanent file. Maintenance personnel are responsible for the redecorating, including the completion of all items on the painting, cleaning and maintenance checklists and should be completed within three working days. 112 Resident Orientation All new residents will receive, in addition to their lease agreement, a Resident Handbook specifically tailored to the community's physical structure and location. This handbook outlines the rules and regulations of the community in a format that is both detailed and helpful to the resident and includes guidelines for rental payments and late fees to cleaning care of carpeting and appliances. The preparation and distribution of this book is once again designed to stress to the resident, the commitment management has to creating a positive living environment for their enjoyment. Additionally, residents are given a complete orientation and shown how to use and benefit from all of the amenities of both the apartment community and their apartment home. Resident Activities Program An essential focus of the management program at Wynwood Works is to provide highly personalized services to the special needs of its senior residents. Royal American Management is committed to providing activities for our residents for their social, physical and emotional well being. Regularly Scheduled Resident Programs — The following is an example of resident programs provided at other properties management by Royal American Management which may be provided for the residents of Wynwood Works. Literacy Training Resident Assurance Check -In Program Computer Training Health and Nutrition Classes Financial Counseling Resident Assistance Referral Program Resident Activities Regularly Scheduled Recreational Activities - The following is a list of Royal American Management's recreational activities organized for the residents of Wynwood Works apartments: Monthly Birthday Parties Arts & Crafts Holiday Parties Monthly Community Newsletter 113 It will be the responsibility of the Community Director to organize and implement these activities on a monthly basis. In addition, these programs will be supervised and monitored by the Vice President of Operations. The monthly newsletter will announce their schedule. Housing Compliance All Community Directors attend training given by the Director of Compliance of Royal American Management, Inc. The Director of Compliance is responsible for ensuring that the management and leasing operations of Wynwood Works comply with all aspects of Section 42 of the Internal Revenue Code. The Compliance Department establishes rents using area median income information published annual by the U.S. Department of Housing and Urban Development and utility allowances. The Compliance Department also assists Community Directors as necessary during annual audits as may be performed by the area municipalities and lenders. In addition, the Director provides training which covers all aspects of accepting an application for residency, occupancy standards, income verification, and strict adherence to the Criteria for Resident Selection established for Wynwood Works. Financial Reporting Royal American Management, Inc. utilizes a sophisticated accounting/reporting financial system that ensures reliability and compliance with all applicable state and federal regulations, as well as timely and accurate reporting to its institutional investors, lenders, and governmental agencies. The property's on -site management staff is responsible for adhering to the community's annual operating budget and the accounts receivable and purchasing guidelines outlined in the Policies and Procedures Manual. Invoice processing and payment and financial reporting are handled at our home office where monthly balance sheets and profit and loss statements are prepared and distributed to our lenders and investor partners. The home office accounting group also coordinates with our outside accountants for the completion of annual audits and preparation and submission of tax returns and related filings. 114 Tab 11 115 WYNW'OD 'RkS RNANCNG PLAN Experience with Affordable Housing Financing The Principals of Magellan Housing have a 15-year history of developing restricted set -aside housing in the City ofMiami. Nick A. Inamdar of Magellan Housing is the past Chair of the Board of the Coalition of Affordable Housing Providers (CAHP), Florida's leading state-wide affordable and workforce housing industry organization. He has worked closely for years with the Florida Housing Finance Corporation (FHFC), the state agency that administers the Federal and State housing programs including the Low -Income Housing Tax -Credit (LIHTC) program. Mr. Inamdar has developed numerous projects and is currently developing projects in partnership with both Miami -Dade County's Public Housing and Community Development department and with the City of Miami's Department of Housing and Community Development. Our Partnerships with Haslem Housing Ventures and the Royal American Companies brings our Team's development and construction experience to over 10,000 set -aside units since the 1970's. Our Management Team has experience managing over 30,000 set -aside units. 116 Aligning with Goals of the OMNI-CRA All housing is not the same. Our proposal is a City of Miami Attainable Housing Development with deep targeting and varied set -asides. Our project is 100% set -aside as Affordable and Workforce housing with deep targeting far exceeding the requirements of the City of Miami's Attainable Housing Ordinance In fact, we even have units that are set -aside for individuals transitioning out of homelessness. This program was conceived after a careful consideration of OMNI-CRA goals and capacity: On January 17t'', 2018, the City of Miami Commission, acting as the OMNI-CRA board, voted unanimously to set the goal of allocating One Hundred Million Dollars of revenue from tax increment funds (TIF) towards affordable housing within the OMNI-CRA boundaries. On July 19t'', 2018, the Real Deal discussed the OMNI-CRA acquiring the subject Site. In it they state that "The OMNI Community Redevelopment Agency just bought the (Site)... to put it out for bid for affordable or workforce housing" On July 24t'', 2018, the South Florida Business Journal discussed the Site being used for affordable housing, the availability of OMNI-CRA financing, along with the OMNI-CRA goal to invest One Hundred Million Dollars in affordable housing. In the article, the Chair of the Board of the OMNI-CRA is quoted as saying: I really want to have a shovel in the ground." These articles and others provide a glimpse into the aspirational goals of the OMNI-CRA and its available resources. With these considerations in mind and with our familiarity of how to deliver on these goals and this scope, we are confident that we have thoughtfully identified the only certain and the most expeditious method to obtain the maximum private investment needed to complete a signature Attainable Housing development on this Site. Evaluating All Available Financing Sources We do not recommend 9% Low Income Housing Tax -Credits (LIHTC) as a financing source. With odds of an award of a 9% LIHTC allocation at approximately 1 in 10, it would be a purely speculative Financial Plan. Similarly, we do not recommend trying to obtain an award of State SAIL funding as the odds of success are also about 1 in 10. In Addendum No. 1 to this subject RFP, dated July 31, 2019, the following inquiry was received with the corresponding response: Q1: Will financial commitments be required with the Financing Plan? Al: Yes. Financial commitments will be required with the Financing Plan. As such, we determined it would not be appropriate to provide a Financing Plan subject to 4% LIHTC equity and Bond financing. Although we could source these letters, they are inherently 100% dependent on an ACTUAL AWARD of 4% LIHTC from FHFC and an ACTUAL AWARD of Bonds from the Miami -Dade Housing Finance Agency. The applications for 4% 117 LIHTC and Bond financing cannot commence without Site Control. It's an arduous process to receive an award of 4% LIHTC and associated Bonds. A process that requires multiple Board approvals, formal underwriting reports from 3' parties, architectural review committees, etc. Therefore, it would be disingenuous to provide financial commitments for sources in which the application process for those sources had not even commenced. If a 4% LIHTC structure is something that the OMNI-CRA would later like to explore, we are certainly willing to discuss the positives and negatives of that structure in full detail. The associated FHFC Income Averaging would target units at 80% AMI and below (with all units averaging at 60% AMI), but it would take longer to get a shovel in the ground. A Certain and Expeditious Execution THERE ARE NO FURTHER APPLICATIONS FOR FINANCIAL SOURCES THAT ARE NEEDED WITH ACCEPTANCE OF THIS FINANCING PLAN A determining component that has steered our Financing Plan centers on our desire for certainty of an expeditious execution of our Development Concept. Our Financing Plan does not require us to seek Low Income Housing Tax Credits (LIHTC) or SAIL financing from the Florida Housing Finance Corporation (FHFC). As previously discussed, Federal and State financing programs are often purely speculative and there is NO assurance of obtaining financing for any particular project. Our Financing Plan allows for the most expeditious and, in fact, the only certain way to build affordable and workforce housing on this site. Through acceptance of this proposal, we can bypass FHFC's application process thereby ensuring the successful and expeditious completion and long-term viability of this project. Commitments and Obligations We will provide all predevelopment funds necessary to complete all predevelopment activities. We will make all required guarantees and commitments that will be necessary to complete this project in a timely, cost effective, and efficient manner. We will fill any funding shortfalls, funding gaps, or unexpected financial needs that may arise for the project. Commitment to Defer Developer Fee We commit to deferring 1 MO% of our Developer Fee, if needed, to ensure the success of the project. We currently project needing to defer 85% of our Developer Fee. In no case, will we defer less than 50% of our Developer Fee. 118 Approach to Managing Financial Risk Our approach to managing the financial risk associated with affordable housing developments is based upon two principles: (1) careful financial structuring at the outset, with the right financial partners; and (2) thorough consideration and care in design, lease up, and property management. We have a prudent conservative approach to both development and operations and have a uniformly strong portfolio as evidence of our success in prudent management of financial risk. • We have consulted with construction experts to get an accurate development cost of our proposal. • We have consulted with land use counsel to get a detailed analysis of our proposal and potential pitfalls. • We have the deep experience and know how to manage and minimize risk where appropriate. • Our plan provides for certainty of execution. • Our plan provides for an expeditious construction commencement. • Citi Community Capital's loan is a Freddie Mac backed execution. Citi and Freddie Mac Executives have already reviewed and approved the Development Concept. Long Term Viability of the Project Developing the project is the first step, but too often over time affordable housing developments fall into disrepair. We are committed to not only developing a signature project, but to ensuring the long-term viability and success of the project for a 50-year restricted term. As significant capital repairs will be inevitable over the 50 year affordability period, in order to prevent the project from falling into disrepair, the applicant may, after an initial 12 year affordability period, adjust all the targeted income levels of the project, so long as the new income set asides continue to abide by the minimum standards set in the City of Miami's Attainable Housing Ordinance at that time. The intent is that over time the additional income provided by a reset of the targeted income levels may assist with the upkeep and long-term viability and/or maintenance of the project. OMNI-CRA Land Transaction Structure The OMNI-CRA will provide fee simple title through a Development Agreement to an affiliate of Magellan Housing for the following 3 parcels: • Folio # 01-3125-000-0130 • Folio # 01-3125-000-0100 • Folio # 01-3125-016-0400 119 A fee simple land contribution to the project is in the best financial interest of the City of Miami. If the property was Leased to the Partnership, there would be no tax revenue paid back to the City. These tax payments and projections can be immediately further leveraged for additional developments within the OMNI-CRA resulting in exponential economic development. In addition to all the immeasurable benefits to the City of Miami of developing this signature 100% affordable and workforce housing project that will be set aside for 50 years, including direct economic development, jobs, and Non -Profit and community empowerment, it is important to recognize that assuming an $83,200 tax bill in year 1, with a 3% escalator over a 99-year period, the selection of this project will directly pay back $25,386,792 in taxes. This is a more financially beneficial structure to the City then a Lease in which there would be no tax payments. CitiBank Financial Commitment Citi Community Capital (CCC) will provide a $20,000,000 Construction and Permanent Loan that is backed by Freddie Mac. Citi Community Capital a lending arm of Citibank is excited to be working on this project. Senior Executives of Citibank have visited the Site and they are intimately familiar with our Development Concept. They have reviewed the specifics of the project internally, have done thorough due diligence and thorough underwriting regarding the project. They have committed to finance this project as presented. The Permanent loan terms will be amortizing, at a 5.25% rate. This is a Non-LIHTC forward product that Citi has already discussed with Freddie Mac executives. We can lock this rate in now before markets shift upon acceptance of this Proposal and execution of a Development Agreement. OMNI-CRA Financial Commitment The OMNI-CRA will provide a $9,000,000 Construction and Permanent loan through a Development Agreement. The final loan amount will be limited to OMNI-CRA available funding, dedicated or intended for the development of new affordable and workforce housing within the CRA boundaries as determined solely by the OMNI-CRA. Structuring of the loan will be directed by accountant and legal opinion, but as is similarly done in these cases, upon Closing, the funds may be provided through a non-profit conduit, directly deposited into an account controlled by Citi Community Capital, and then drawn down pan passu with construction completion. The loan terms will be non -amortizing, at zero percent interest, and will be forgiven after a 30- year term. In consideration of these commitments, the project will be deed restricted under the City of Miami's Attainable Housing Ordinance for 50 years. 120 Wynwood Works Bringing Attainable Housing to Wynwood SOURCES AND USES OF FUNDS SOURCES AND USES OF FUNDS SOURCES Financing Citi Community Capital Omni CRA Loan Omni-CRA Land Contribution Deferred Developer Fee USES DEBT STRUCTURE AND SOURCES OF FUNDS Citi Community Capital Amount Rate 20,000,000 Term/Amortization Period 9,000,000 Debt Service 6,500,000 Per Unit 4,329,677 39,829,677 39,829,677 Omni CRA Loan $20, 000, 000 5.25% 35 $1,249,783 $192,308 Amount Rate Term Debt Service Per Unit Acquisition - Land 6,500,000 Art Fagade 275,000 PROJECTED PROJECT SCHEDULE $9,000,000 0.00% 30 $0 $86,538 Construction - Hard 21,000,000 Retail Build Out 503,325 Construction Loan Closing/Admission Date Soil Testing 10,000 Certificate of Occupancy (High Rise) FF&E 300,000 First Unit Occupancy Construction - Contingency 1,075,166 Units Occupied per Month Architect - Design 540,600 100% Occupancy Architect/Construction - Supervision 250,000 Stabilization Date Engineering Fee 286,100 Survey 35,000 Legal 400,000 Marketing and Lease -up 175,000 Title Insurance 105,000 Closing Costs 32,231 N/A 0 Accounting Fees 135,000 Appraisal 15,000 Market Study 12,000 Environmental 15,000 Contingency - Soft Costs 175,000 Inspection Fees 20,000 Impact Fees 802,320 Building Permit 175,000 Taxes - Construction 75,000 Insurance 200,000 Interest- Construction 800,000 Interest - Bridge Loan 0 Loan Fees/Costs - Const/Perm 402,500 Interest - Predevelopment Loan 125,000 City of Miami City Incurred Costs 0 Tax Credit Fees - Allocation 0 Tax Credit Fees - Application 0 Tax Credit Fees - Underwriting 0 Tax Credit Fees - Compliance 0 Replacement Reserves 0 Utility Connection Fee 124,044 N/A 0 Lender Required Reserve 215,000 N/A Developer's Fee/ Overhead 34,778,286 0 5,051,391 5,051,391 TOTAL USES 39,829,677 SURPLUS/(DEFICIT) 0 20 mos. 09/15/2020 05/15/2022 06/01/2022 26 10/01/2022 01/01/2023 121 OM NI-CRA Workforce Housing RENTAL AND OTHER INCOME 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Residential 4 0 Bed/1 Bath 30% Median 402 19,296 19,489 19,684 19,881 20,079 20,280 20,483 20,688 20,895 21,104 21,315 21,528 21,743 21,961 22,180 4 0 Bed/1 Bath 50% Median 699 33,552 33,888 34,226 34,569 34,914 35,263 35,616 35,972 36,332 36,695 37,062 37,433 37,807 38,185 38,567 3 0 Bed/1 Bath 80% Median 1,144 41,184 41,596 42,012 42,432 42,856 43,285 43,718 44,155 44,596 45,042 45,493 45,948 46,407 46,871 47,340 12 0 Bed/1 Bath 120% Median 1,737 250,128 252,629 255,156 257,707 260,284 262,887 265,516 268,171 270,853 273,561 276,297 279,060 281,850 284,669 287,516 19 0 Bed/1 Bath 140% Median 2,033 463,524 468,159 472,841 477,569 482,345 487,168 492,040 496,960 501,930 506,949 512,019 517,139 522,310 527,534 532,809 0 0 Bed/1 Bath Market 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5 1 Bed/1 Bath 30% Median 412 24,720 24,967 25,217 25,469 25,724 25,981 26,241 26,503 26,768 27,036 27,306 27,579 27,855 28,134 28,415 5 1 Bed/1 Bath 50% Median 730 43,800 44,238 44,680 45,127 45,578 46,034 46,495 46,960 47,429 47,903 48,382 48,866 49,355 49,848 50,347 5 1 Bed/1 Bath 80% Median 1,207 72,420 73,144 73,876 74,614 75,361 76,114 76,875 77,644 78,420 79,205 79,997 80,797 81,605 82,421 83,245 11 1 Bed/1 Bath 120% Median 1,842 243,144 245,575 248,031 250,512 253,017 255,547 258,102 260,683 263,290 265,923 268,582 271,268 273,981 276,721 279,488 17 1 Bed/1 Bath 140% Median 2,160 440,640 445,046 449,497 453,992 458,532 463,117 467,748 472,426 477,150 481,921 486,741 491,608 496,524 501,489 506,504 0 1 Bed/1 Bath Market 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 Bed/1 Bath 30% Median 485 5,820 5,878 5,937 5,996 6,056 6,117 6,178 6,240 6,302 6,365 6,429 6,493 6,558 6,624 6,690 1 2 Bed/1 Bath 50% Median 866 10,392 10,496 10,601 10,707 10,814 10,922 11,031 11,142 11,253 11,366 11,479 11,594 11,710 11,827 11,945 1 2 Bed/1 Bath 80% Median 1,439 17,268 17,441 17,615 17,791 17,969 18,149 18,330 18,514 18,699 18,886 19,075 19,265 19,458 19,653 19,849 2 2 Bed/1 Bath 120% Median 2,202 52,848 53,376 53,910 54,449 54,994 55,544 56,099 56,660 57,227 57,799 58,377 58,961 59,550 60,146 60,747 7 2 Bed/1 Bath 140% Median 2,583 216,972 219,142 221,333 223,546 225,782 228,040 230,320 232,623 234,950 237,299 239,672 242,069 244,489 246,934 249,404 0 2 Bed/1 Bath Market 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 Bed/2 Bath 30% Median 546 6,552 6,618 6,684 6,751 6,818 6,886 6,955 7,025 7,095 7,166 7,237 7,310 7,383 7,457 7,531 1 3 Bed/2 Bath 50% Median 987 11,844 11,962 12,082 12,203 12,325 12,448 12,573 12,698 12,825 12,954 13,083 13,214 13,346 13,480 13,614 1 3 Bed/2 Bath 80% Median 1,648 19,776 19,974 20,173 20,375 20,579 20,785 20,993 21,203 21,415 21,629 21,845 22,063 22,284 22,507 22,732 1 3 Bed/2 Bath 120% Median 2,529 30,348 30,651 30,958 31,268 31,580 31,896 32,215 32,537 32,863 33,191 33,523 33,858 34,197 34,539 34,884 3 3 Bed/2 Bath 140% Median 2,969 106,884 107,953 109,032 110,123 111,224 112,336 113,460 114,594 115,740 116,897 118,066 119,247 120,440 121,644 122,860 0 3 Bed/2 Bath Market 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 104 Total Residential Rent 2,111,112 2,132,223 2,153,545 2,175,081 2,196,832 2,218,800 2,240,988 2,263,398 2,286,032 2,308,892 2,331,981 2,355,301 2,378,854 2,402,642 2,426,669 TOTAL GROSS INCOME 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Retail Income 134,220 135,562 136,918 138,287 139,670 141,067 142,477 143,902 145,341 146,794 148,262 149,745 151,242 152,755 154,282 Miscelleneous Income 12,480 12,605 12,731 12,858 12,987 13,117 13,248 13,380 13,514 13,649 13,786 13,924 14,063 14,203 14,345 Less Vacancy/Bad Debt EFFECTIVE GROSS INCOME 5.00% 2,257,812 2,280,390 2,303,194 2,326,226 2,349,488 2,372,983 2,396,713 2,420,680 2,444,887 2,469,336 2,494,029 2,518,969 2,544,159 2,569,601 2,595,297 112,891 114,020 115,160 116,311 117,474 118,649 119,836 121,034 122,244 123,467 124,701 125,948 127,208 128,480 129,765 2,144,921 2,166,371 2,188,034 2,209,915 2,232,014 2,254,334 2,276,877 2,299,646 2,322,643 2,345,869 2,369,328 2,393,021 2,416,951 2,441,121 2,465,532 LESS OPERATING EXPENSES Payroll 205,392 209,500 213,690 217,964 222,323 226,769 231,305 235,931 240,649 245,462 250,372 255,379 260,487 265,696 271,010 Utilities 72,800 74,256 75,741 77,256 78,801 80,377 81,985 83,624 85,297 87,003 88,743 90,518 92,328 94,175 96,058 Repair/Maintenance 72,800 74,256 75,741 77,256 78,801 80,377 81,985 83,624 85,297 87,003 88,743 90,518 92,328 94,175 96,058 Management Fee 128,695 129,982 131,282 132,595 133,921 135,260 136,613 137,979 139,359 140,752 142,160 143,581 145,017 146,467 147,932 Administrative 52,000 53,040 54,101 55,183 56,286 57,412 58,560 59,732 60,926 62,145 63,388 64,655 65,949 67,268 68,613 Taxes 83,200 84,864 86,561 88,293 90,058 91,860 93,697 95,571 97,482 99,432 101,420 103,449 105,518 107,628 109,781 Insurance 72,800 74,256 75,741 77,256 78,801 80,377 81,985 83,624 85,297 87,003 88,743 90,518 92,328 94,175 96,058 Reserves 33,800 34,476 35,166 35,869 36,586 37,318 38,064 38,826 39,602 40,394 41,202 42,026 42,867 43,724 44,598 Total Expenses (per unit) $6,937 721,487 734,630 748,023 761,670 775,578 789,750 804,193 818,910 833,909 849,193 864,770 880,644 896,821 913,307 930,108 NET OPERATING INCOME 1,423,434 1,431,741 11,440,011 1,448,244 1,456,436 1,464,584 1,472,685 1,480,736 1,488,734 1,496,675 1,504,558 1,512,377 1,520,130 1,527,814 1,535,423 CASH FLOW BEFORE DEBT SERVICE $1,423,434 $1,431,741 $1,440,011 $1,448,244 $1,456,436 $1,464,584 $1,472,685 $1,480,736 $1,488,734 $1,496,675 $1,504,558 $1,512,377 $1,520,130 $1,527,814 $1,535,423 LESS DEBT SERVICE First Mortgage Omni-CRA Loan Omni-CRA Land Contribution DSC ► DSC ► Total Debt Service First Mortgage All Debt 1,249,783 1,249,783 1,249,783 1,249,783 1,249,783 1,249,783 1,249,783 1,249,783 1,249,783 1,249,783 1,249,783 1,249,783 1,249,783 1,249,783 1,249,783 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,249,783 1,249,783 $1,249,783 $1,249,783 $1,249,783 $1,249,783 $1,249,783 $1,249,783 $1,249,783 $1,249,783 $1,249,783 $1,249,783 $1,249,783 $1,249,783 $1,249,783 1.14 1.15 1.15 1.16 1.17 1.17 1.18 1.18 1.19 1.20 1.20 1.21 1.22 1.22 1.23 1.14 1.15 1.15 1.16 1.17 1.17 1.18 1.18 1.19 1.20 1.20 1.21 1.22 1.22 1.23 173,651 1181,957 190,228 198,461 206,653 214,800 222,901 230,952 238,950 246,892 254,774 262,594 270,347 278,030 285,640 122 OMNI-CRA Workforce Housing Community Capital August 12, 2019 Nick A. Inamdar Magellan Housing, LLC 2100 Coral Way, Suite 405 Miami, FL 33145 Re: References for Wynwood Works Miami, Florida To Whom it May Concern: cffi Citi Community Capital has been doing business with Magellan Housing, LLC ("Magellan") since providing construction and permanent financing for a Houston related project in early 2018. Additionally, we are in the process of financing three additional projects in Houston and three more in the Miami area. Throughout the financing process, Nick Inamdar and Amay Inamdar, the principals of Magellan, have demonstrated professionalism, integrity and a deep understanding of the local marketplace. The quality of their work has been outstanding and we hope to expand our relationship for many years in the future. Very truly yours, .14 Mahesh Aiyer Director Citi Community Capital (713) 752-5046 123 Community Capital EXHIBIT A TERM SHEET cite Multifamily Rental Developments with Rent Restrictions New Construction and/or Substantial Rehabilitation and/or Term Mortgages CITI Construction to Permanent Loan — Non-LIHTC Forward Product Wynwood Works August 12, 2019 NOTE: This Term Sheet constitutes a brief summary of certain, but not all, transaction terms and conditions for discussion purposes only. The summary that follows is subject to credit approval and does not constitute an offer or commitment. In connection with this Term Sheet, CITI will be acting solely as a principal and not as your agent, advisor or fiduciary. CITI has not assumed a fiduciary responsibility with respect to this Term Sheet, and nothing in this transaction or in any prior relationship between you and CITI will be deemed to create an advisory, fiduciary or agency relationship between us in respect of this Term Sheet. You should consider carefully whether you would like to engage an independent advisor to represent or otherwise advise you in connection with this Term Sheet, if you have not already done so. This Term Sheet is an integral part of, and establishes terms, conditions and requirements of, the letter dated August 12, 2019 to which it is annexed. PRELIMINARY LOAN TERMS Transaction Summary: Citibank, N.A. ("CITP') proposes to arrange a construction/permanent loan ("Loan") to the Borrower (defined below) in connection with the acquisition and construction of the Property described below. Property: A to -be -constructed multifamily property containing a total of 104 units, located in Miami, FL. The property is commonly referred to as "Wynwood Works." ("Property") Set -Asides: 10% of the units (11 units) are reserved for individuals or families whose income is no greater than 30% of Area Median Income ("AMP'); 10% of the units (11 units) are reserved for individuals or families whose income is no greater than 50% of Area Median Income ("AMP'); 10% of the units (10 units) are reserved for individuals or families whose income is no greater than 80% of Area Median Income ("AMP'); 25% of the units (26 units) are reserved for individuals or families whose income is no greater than 120% of Area Median Income ("AMP'); and 45% of the units (46 units) are reserved for individuals or families whose income is no greater than 140% of Area Median Income ("AMI Applicant: Magellan Housing, LLC Borrower: A single asset entity whose manager or general partner is the Applicant or an affiliate of Applicant. Borrower entity, its constituent entities and its operating agreement must be acceptable to CITI in all respects. 124 Term Sheet - CITI Construction to Permanent Loan — Non-LIHTCProduct Wynwood Works (Miami, Florida) August 12, 2019 Page 2 LHITC Investor/ Syndicator: Guarantor(s): Subordinate Debt: Loan Security: Construction Phase Recourse Guarantees: N/A Magellan Housing, LLC, Nick Inamdar, Amay Inamdar and/or other individual(s) or corporate entity acceptable to CITI in all respects. The Guarantor(s)' fmancial condition(s) must be acceptable to CITI in all respects. If applicable, the sources of subordinate debt and the subordinate loan documents must be acceptable to CITI in all respects. All subordinate debt must fund prior to Loan funding unless CITI approves other arrangements. Subordinate Debt will be subject to CITI's Subordination Agreement, which in addition to other provisions, requires that Subordinate Debt only be paid from 75% of available cash flow. First lien on land and any improvements, UCC filings for fixtures; assignment of all leases and rents; and, a first priority collateral assignment of all contracts, management agreements, and other agreements and all permits relating to the Property. Ground leases, if applicable, must be subordinate to CITI's lien position unless the fee is owned by a government agency to ensure long-term affordability. All income and rent restrictions will be subordinate to the CITI security instrument. Prior to Conversion of the Loan to the Permanent Phase (described below) and during the Construction Phase (described below), the Loan will be fully recourse to the Borrower and to the Guarantor(s) and Completion and Repayment Guarantees are required from the Borrower and the Guarantor(s). Guarantees, Permanent Phase: None, except for industry standard carve outs ("Carve Outs"). Carve Outs include guarantees against fraud, misrepresentation, bankruptcy and environmental issues. Environmental Indemnity: Closing: Closing Date (est.): CONSTRUCTION PHASE Construction Phase Loan Amount: Borrower and Guarantor(s) will be liable for CITI's standard environmental indemnity. Closing is subject to full satisfaction of CITI's standard due diligence, underwriting and credit approval processes, and the execution and delivery of all required loan documents, delivery of opinions, payment of fees and other customary requirements. To be determined. An amount, currently estimated to be $20,000,000, but in any event, an amount not to exceed 80% of costs budgeted for the Construction Phase. Term: 24 months, plus two 6-month extension(s). Fees for the extension(s) are indicated below under "Fees & Expenses." Construction Phase Interest Rate: Variable rate equal to one month LIBOR (which shall have a floor of 0.00%) plus a spread of 2.50% ("Construction Phase Interest Rate"). Rate adjusts monthly. Currently, one month LIBOR is trading at approximately 2.21%, for an all -in rate of 4.71%. Pricing is based on current market conditions and is subject to change. 125 Term Sheet - CITI Construction to Permanent Loan — Non-LIHTCProduct Wynwood Works (Miami, Florida) August 12, 2019 Page 3 Interest Calculation: Act/360 Availability: Loan in Balance: Loan proceeds will be advanced to Borrower on a "draw down" basis upon receipt of a written request from Borrower, supported by documentation acceptable to CITI. Borrower will be required to submit a loan budget worksheet with each draw request tracking all Property sources and uses of funds. Draw requests limited to one per month. The Loan must remain "in balance" during the Construction Phase. "In balance" means that (1) the funds available during the Construction Phase (from the Loan and all other debt and equity sources) are sufficient to complete the construction or rehabilitation of the Property and all other expenses reasonably expected to be necessary to achieve the conditions for conversion of the Loan to the Permanent Phase; and (2) the sources available at Conversion are sufficient to pay down the Construction Phase Loan Amount to the Permanent Phase Loan Amount, along with any other funding requirements for Conversion. Amortization: None. Payments on the Loan during the Construction Phase will be interest only. Prepayment and Yield Maintenance: Interest Reserve: Voluntary prepayment of Loan principal amounts during the Construction Phase, including those as a result of a Borrower default, may be made without prepayment premium unless the Construction Phase Loan Amount is reduced to less than the Permanent Phase Loan Amount (as defined below). If the prepayment reduces the Loan amount to an amount less than the Permanent Phase Loan Amount, the Borrower shall pay the greater of: (i) 1% of the amount of the Loan prepaid below 100% of the Permanent Phase Loan Amount; or (ii) CITI's standard yield maintenance amount on the amount of the Loan prepaid below 100% of the Permanent Phase Loan Amount. In the event that a Loan prepayment resulting from a Loan resizing, as determined by CITI in its sole discretion, reduces the Loan amount to an amount less than the Permanent Phase Loan Amount, the Borrower shall pay the greater of: (i) 1% of the amount of the Loan prepaid below 90% of the Permanent Phase Loan Amount; and (ii) CITI's standard yield maintenance amount on the amount of the Loan prepaid below 90% of the Permanent Phase Loan Amount. Notwithstanding any of the above, in the event the amount of such prepayment would cause the Loan amount to fall below 50% of the Permanent Phase Loan Amount, the Borrower shall be required to repay the Loan in full plus the greater of: (i) 1% of the amount of the Loan repaid below 90% of the Permanent Phase Loan Amount; and (ii) CITI's standard yield maintenance amount on the amount of the Loan repaid below 90% of the Permanent Phase Loan Amount. If Borrower prepays Loan principal amounts through the application of insurance proceeds or a condemnation award, no prepayment premium shall be payable to CITI. Calculated at the Construction Phase Interest Rate noted above, plus a cushion acceptable to CITI at time of final Credit approval. Currently, CITI is underwriting with a cushion of 1.00%. The Interest Reserve will be sized based on an analysis of the projected draw schedule for the Loan from closing on the Construction Phase financing through Conversion. 126 Term Sheet - CITI Construction to Permanent Loan — Non-LIHTCProduct Wynwood Works (Miami, Florida) August 12, 2019 Page 4 Budget and Contingencies: The budget for the Construction Phase, including all budget line items, is subject to CITI approval. The budget shall include a hard cost contingency of no less than 5% of budgeted hard costs for new construction projects and no less than 10% of budgeted hard costs for rehabilitation projects. The budget shall include a soft cost contingency of no less than 5% of budgeted soft costs, excluding 1) soft costs incurred prior to or in connection with closing; 2) interest reserve and bank fees; 3) capitalized operating reserve deposits and other costs that may be due in connection with Conversion for which specific sources are identified; and 4) developer fees. General Contractor and Bonding Requirements: Retainage: PERMANENT PHASE Permanent Phase Loan Amount: The general contractor and the construction contract must be acceptable to CITI. CITI will require payment and performance bonds equal to 100% of the construction contract amount. Surety issuing bonds must have an A.M. Best rating of "A/VIII" or better and must be acceptable to CITI in all other respects. In lieu of bonds, CITI will accept a letter of credit ("LC") equal to 10% of the hard cost budget. LC provider must be rated "BBB" or better. Construction contract will provide for a minimum retainage of 10% of each construction pay application until "substantial completion" (as defined in the Loan documents). Retainage percentage amounts can be revised, upon review and approval by CITI, at CITI's sole discretion, but only down to a minimum of 10% until 50% completion and then 0% retention withheld thereafter. No release of retainage is permitted for achieving 50% completion. All retained amounts will be released upon final, lien -free completion of construction, as approved by CITI. The estimated Permanent Phase Loan Amount is currently estimated to be in the maximum amount of $20,000,000 or such other loan amount supported by CITI's underwriting of the Property at the time of Conversion in accordance with CITI's underwriting requirements including those listed below. Term/Amortization: 15/35 years. Yield Maintenance Period: From Closing until 6 months prior to the end of the Permanent Phase. Permanent Phase Interest Rate: Fixed rate equal to 5.25%. Interest Calculation: Act/360 Conversion to Permanent Phase Requirements: Conversion requirements include completion of construction and 90% physical occupancy of Project for three consecutive calendar months. CITI will review the Property's net operating income to determine the maximum Permanent Phase Loan Amount based on the Debt Service Coverage and Loan -to -Value noted below. For purposes of this Term Sheet, the term "Construction Phase" means the period from the Closing Date through the day prior to the Conversion Date and the term "Permanent 127 Term Sheet - CITI Construction to Permanent Loan — Non-LIHTCProduct Wynwood Works (Miami, Florida) August 12, 2019 Page 5 Phase" means the period from the Conversion Date (inclusive) through the maturity date (or earlier termination) of the Project's permanent financing. Debt Service Coverage: A minimum of 1.15 to 1.00. Loan -to -Value: 90% of market value, based on restricted rents and inclusive of value of permanent below market financing (if applicable), assuming project rents on 80% or more of the units are discounted to a level at least 10% below market. Otherwise, 85%. Replacement Reserve: Upon Conversion, Borrower will be required to fund a Replacement Reserve for each of the first five years following Conversion in a minimum amount of $300/unit/year. For each successive five year period thereafter until Permanent Loan maturity, the Replacement Reserve level will be determined by a new Physical Needs Assessment acceptable to CITI. Taxes and Insurance: Commencing upon Conversion, real estate taxes and insurance premiums must be escrowed with the Loan servicer ("Servicer") on a monthly prorated basis in an amount sufficient to enable the Servicer to pay (at least 30 days before due) all taxes, assessments, insurance premiums or other similar charges affecting the Property. OTHER Appraisal, Environmental, Plan/Cost Reviews: Appraisal and Plan/Cost Review reports will be commissioned and reviewed by CITI. CITI may rely upon environmental reports commissioned by Borrower if report is current (within 12 months) and CITI has been provided evidence of acceptable E&O insurance coverage carried by Borrower's environmental consultant and a reliance letter in form acceptable to CITI. Appraisal, environmental condition and plan/cost reviews must be acceptable to CITI in all respects. Property Tax Abatements, Incentives: All documentation related to any tax abatement or tax incentives must be acceptable to CITI in all respects. Developer Fee: Any developer fee paid prior to conversion to the Permanent Phase shall be pre -approved by CITI in its sole discretion. FEES & EXPENSES Application Fee: $25,000, which amount shall be non-refundable (except as set forth in the "Exclusivity" section of the Preliminary Application, if applicable) and due and payable upon acceptance of a Preliminary Application. This fee is applicable toward third party reports, loan underwriting and processing (in the minimum amount of $5,000), and CITI's initial legal fees. Applicant is responsible for the payment of all reasonable costs incurred in connection with the underwriting, processing and/or closing of the Loan (including CITI legal fees). Origination Fee: A non-refundable Origination Fee equal to 1.00% of the Construction Phase Loan Amount and 1.00% of the Permanent Phase Loan Amount ("Origination Fee") shall be earned in full by CITI upon the closing of the Loan, and is due and payable at that time. CITI Legal Fees (est): Estimated fees of CITI's counsel for the initial closing are to be determined and assumes no significant negotiation over CITI's form documents. A portion of the Application Fee will be applied to initial CITI counsel fees. Applicant agrees to make a supplemental 128 Term Sheet - CITI Construction to Permanent Loan — Non-LIHTCProduct Wynwood Works (Miami, Florida) August 12, 2019 Page 6 Course of Construction Inspections (est): Construction Term Extension Fee: Conversion Fee and Expenses: Other Costs: Term Sheet Expiration Date: deposit to cover CITI's counsel fees once the drafting of legal documentation commences, if requested. Fees of CITI's counsel for work associated with Conversion of the Loan to the Permanent Phase are to be determined. To be determined. 0.25% of the Construction Phase Loan Amount for the first extension and 0.50% of the Construction Phase Loan Amount for the second extension. A Conversion fee equal to $10,000 will be charged by CITI. Other expenses, including insurance review, site inspection and loan servicer set-up fees are estimated to be $5,000. Applicant is responsible for costs of survey, title insurance policy, hazard insurance policy, tax escrow fee and all other normal and customary loan closing expenses. Fifteen (15) days after the date hereof, unless attached to a Preliminary Application letter. 129 Term Sheet - CITI Construction to Permanent Loan — Non-LIHTCProduct Wynwood Works (Miami, Florida) August 12, 2019 Page 7 The provision of information in this Term Sheet is not based on your individual circumstances and should not be relied upon as an assessment of suitability for you of a particular product or transaction. Even if CITI possesses information as to your objectives in relation to any transaction, series of transactions or trading strategy, this will not be deemed sufficient for any assessment of suitability for you of any transaction, series of transactions or trading strategy. This Term Sheet is provided for information purposes and is intended for your use only. Except in those jurisdictions where it is impermissible to make such a statement, CITI hereby informs you that this Term Sheet should not be considered as a solicitation or offer to sell or purchase any securities or other financial products. This Term Sheet does not constitute investment advice and does not purport to identify all risks or material considerations which should be considered when undertaking a transaction. CITI makes no recommendation as to the suitability of any of the products or transactions mentioned. Any trading or investment decisions you take are in reliance on your own analysis and judgment and/or that of your advisors and not in reliance on us. CITI often acts as (i) a market maker; (ii) an issuer of financial instruments and other products; and (iii) trades as principal in many different financial instruments and other products, and can be expected to perform or seek to perform investment banking and other services for the issuer of such financial instruments or other products. The author of this Term Sheet may have discussed the information contained herein with others within or outside CITI and the author and/or such other Citi personnel may have already acted on the basis of this information (including by trading for CITI's proprietary accounts or communicating the information contained herein to other customers of CITI). CITI, CITI's personnel (including those with whom the author may have consulted in the preparation of this Term Sheet), and other customers of CITI may be long or short the fmancial instruments or other products referred to in this Term Sheet, may have acquired such positions at prices and market conditions that are no longer available, and may have interests different from or adverse to your interests. CITI is required to obtain, verify and record certain information that identifies each entity that enters into a formal business relationship with CITI. CITI will ask for your complete name, street address, and taxpayer ID number. CITI may also request corporate formation documents, or other forms of identification, to verify information provided. Although Citibank, N.A. (together with its subsidiaries and branches worldwide, "Citibank") is an affiliate of CITI, you should be aware that none of the financial instruments or other products mentioned in this term sheet (unless expressly stated otherwise) are (i) insured by the Federal Deposit Insurance Corporation or any other governmental authority, or (ii) deposits or other obligations of, or guaranteed by, Citibank or any other insured depository institution. IRS Circular 230 Disclosure: CITI and its employees are not in the business of providing, and do not provide, tax or legal advice to any taxpayer outside of CITI. Any statements in this term sheet regarding tax matters were not intended or written to be used, and cannot be used or relied upon, by any taxpayer for the purpose of avoiding tax penalties. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor. © 2019 Citigroup Global Markets Inc. Member SIPC. All rights reserved. Citi and Arc Design are trademarks and service marks of Citigroup Inc. or its affiliates and are used and registered throughout the world. 130 Citi Community Capital 2018 I Affordable Housing Snapshot OFFICE LOCATIONS 12 Offices Nationally Boca Raton Chicago Denver Houston Los Angeles Nashville New York San Francisco Seattle Sioux Falls Thousand Oaks Washington, D.C. Part of Citi's Municipal Securities Division AFFORDABLE HOUSING ACTIVITY PRODUCTS AND SERVICES Acquisition Lending Construction Lending Permanent Lending Agency (Freddie Mac, Fannie Mae) Portfolio Solutions Tax Credit Equity Investment Banking Source: Citi Billion in lending Million in LIHTC equity Clients CI) Projects States and US territories ALL IN 2018 WHERE TRANSACTIONS CLOSED tiii %Or licalif 2018 'b Previous 5 Years Prior to 2013 ► *CCC Offices HOW WE RANK ($ IN BILLIONS) 24.5 $ 19.2 $ 12.4 $ 8.5 2014 ■ 2015 2016 ■ 2017 ■ 2018 5.3 5.1 4.8 4.8 uI...; CItI kkel Co, v/td/�PYgd')kCPySfon ✓C< 40 '9/h n nP P Pr��a chase Source: Affordable Housing Finance, March 2015, 2016, 2017, 2018, 2019 FINANCING BY PRODUCT TYPE 50% Construction to Perm 25% Construction 9% Permanent 2% Acquisition 5% Investment Banking 10% Agency Lending (Freddie Mac & Fannie Mae) LIHTC INVESTMENTS 37% Direct LIHTC 63% Other 014 CONVERSIONS 95% Construction to Perm 4% Freddie Mac 1% NYCERS G 2019 Citibank, N.A. Member FDIC. All rights reserved. Citi and Citi and Arc Design are trademarks and service marks of Citigroup Inc. or its affiliates and are used and registered throughout the world. Citi (a) expressly disclaims any representations or warranties with respect to the accuracy and completeness of the information contained in this communication, (b) expressly states that this information is subject to change, and (c) accepts no liability for any loss that may arise from any use of the information within this communication. calb Tab 12 132 Certification Statement Please quote on this form, if applicable, net prices for the item(s) listed. Return signed original and retain a copy for your files. Prices should include all costs, including transportation to destination. The City reserves the right to accept or reject all or any part of this submission. Prices should be firm for a minimum of 180 days following the time set for closing of the submissions. In the event of errors in extension of totals, the unit prices shall govern in determining the quoted prices. We (I) certify that we have read your solicitation, completed the necessary documents, and propose to furnish and deliver, F.O.B. DESTINATION, the items or services specified herein. The undersigned hereby certifies that neither the contractual party nor any of its principal owners or personnel have been convicted of any of the violations, or debarred or suspended as set in section 18-107 or Ordinance No. 12271. All exceptions to this submission have been documented in the section below (refer to paragraph and section). EXCEPTIONS: We (I) certify that any and all information contained in this submission is true; and we (I) further certify that this submission is made without prior understanding, agreement, or connection with any corporation, firm, or person submitting a submission for the same materials, supplies. equipment, or service, and is in all respects fair and without collusion or fraud. We (I) agree to abide by all terms and conditions of this solicitation and certify that I am authorized to sign this submission for the subrnitter. Please print the following and sign your name: PROPOSER NAME: Magellan Housing, LLC ADDRESS: 2100 Coral Way, Suite 405, Miami, FL 33145 PHONE. 305-528-0166 FAX: 713-588-2423 EMAIL. Nick. 1namdarcrMagellanDev.com CELL(Optional). SIGNED BY. 17 Nikul A. Inamdar TITLE: Managing Member DA I L• 9/3/2019 FAILURE TO COMPLETE. SIGN. AND RETURN THIS FORM SHALL DISQUALIFY THIS RESPONSE. Page 2 of 22 133 Certifications Legal Name of Firm: Magellan Housing, LLC Entity Type: Partnership, Sole Proprietorship, Corporation, etc. Limited Liability Company Year Established: 2016 Office Location: City of Miami, Miami -Dade County, or Other Location in Florida: 2100 Coral Way, Suite 405, Miami, FL 33145 Local Business Tax Receipt / Occupational License Number: 161306 Local Business Tax Receipt / Occupational License Issuing Agency: City of Miami Local Business Tax Receipt / Occupational License Expiration Date: September 30, 2019 Will Subcontractor(s) be used? (Yes or No) Yes Please list and acknowledge all addendum/addenda received. List the addendum/addenda number and date of receipt (Le. Addendum No. 1, 7/1/18), If no addendum/addenda was/were issued, please insert N/A. Addendum No. 1, 7/31 / 19; Addendum No. 2, 8/ 1 6119; Addendum No. 3, 8/23/19; Addendum No. 4, 8/30/19 Has Proposer reviewed the attached Sample Development Agreement and Sample Covenant? Yes, Proposer has reviewed the attached Sample Development Agreement and Sample Covenant. Acknowledge that if awarded, Proposer will be required to execute the Development Agreement and Covenant in substantially the attached form. Proposer acknowledges that if awarded, Proposed will be required to execute the Development Agreement and Covenant in substantially the attached form. 134 Page 3 of 22 Line: 1 Description: Proposers are not required to enter any information on this line. Proposers shall provide total project development costs within their Proposals, as stipulated by Section 3.1, Submittal Format, Subsection 5, Financing Plan Category: 90957-00 Unit of Measure: Each Unit Price: $ Number of Units: 3 Total: $ 135 Page 4 of 22 ATTACHMENT A CERTIFICATE OF DEBARMENT AND SUSPENSION STATE OF FLORIDA COUNTY OF MIAMI-DADE DATE: 8/29/2019 ) ) SS/ EIN: 81-4571735 (a) Authority and requirement to debar and suspend: After reasonable notice to an actual or prospective contractual party, and after reasonable opportunity to such party to be heard, the Executive Director, after consultation with the City Attorney as General Counsel, shall have the authority to debar a contractual party for the causes listed below from consideration for award of CRA contracts. The debarment shall be for a period of not fewer than three years. The Executive Director shall also have the authority to suspend a contractor from consideration for award of CRA and City contracts if there is probable cause for debarment. Pending the debarment determination, the authority to debar and suspend contractors shall be exercised in accordance with regulations, which shall be issued by the Chief Procurement Officer after approval by the Executive Director, the City Attorney, and the CRA Board or City Commission. (b) Causes for debarment or suspension include the following: 1. Conviction for commission of a criminal offense incident to obtaining or attempting to obtain a public or private contract or subcontract, or incident to the performance of such contract or subcontract. 2, Conviction under state or federal statutes of embezzlement, theft, forgery, bribery. falsification or destruction of records, receiving stolen property, or any other offense indicating a lack of business integrity or business honesty. 3. Conviction under state or federal antitrust statutes arising out of the submission of bids or Proposals. 4. Violation of contract provisions, which is regarded by the Chief Procurement Officer to be indicative of non -responsibility. Such violation may include failure without good cause to perform in accordance with the terms and conditions of a contract or to perform within the time limits provided in a contract, provided that failure to perform caused by acts beyond the control ofa party shall not be considered a basis for debarment or suspension. 5. Debarment or suspension of the contractual party by any federal, state or other governmental entity. 6. False certification pursuant to paragraph (c) below. 7. Any other cause judged by the Executive Director to be so serious and compelling as to affect the responsibility of the contractual party performing CRA and City contracts. Page 1 of2 136 (c) Certification: All contracts for goods and services. sales, and leases by the CRA and City shall contain a certification that neither the contractual party nor any of its principal owners or personnel has been convicted of any of the violations set forth above or debarred or suspended as set forth in paragraph (b) (5). The undersigned hereby certifies that neither the contractual party nor any of its principal owners or personnel has been convicted of any of the violations set forth above, or debarred or suspended as set forth in paragraph (b) (5). written. IN WITNESS WHEREOF, the undersigned has hereunto set its hand as of the day and year first above Magellan Housing LLC (Company Name) a Florida Limited Liability Company By: 7/ Y' Print Name: Nikul A. Inamdar Title: Managing Member Sworn to old subscribed befor me this 2-C\ days of •,,.t ()v 1- , by L c� .Se•%C, as oM4cvek\.gt, , a , an behalf of said entity, who s ( it ) personally known to me or ( ) has produced the following identification ieA.: "•. NAYELIS GARRIDO *; .• MY COMMISSION # GG 032929 EXPIRES: September 22, 2020 "47,gr,oe Bonded Thru Notary Public Underwriters (Printed, typed or stamped commissioned Notary�1,ublic-State-of Florida My commission expires CtZz j Page 2 of 2 137 .2 �1 ATTACHMENT B CERTIFICATION REGARDING LOBBYING Certification for Contracts, Grants, Loans. and Cooperative Agreements The undersigned certifies to the best of his or her knowledge and belief, that: (1) No appropriated funds have been paid, or will be paid, by or on behalf of the undersigned, to any person for influencing or attempting to influence an officer or employee of an agency a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress in connection with the awarding of any contract, the making of any grant, the making of any loan, the entering into of any cooperative agreement, and the extension, continuation, renewal, amendment, or modification of any contract, grant, loan, or cooperative agreement. (2) If any funds other than appropriated funds have been paid to any person for influencing or attempting to influence an officer or employee of any agency, a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress in connection with this contract, grant, loan, or cooperative agreement, the undersigned shall complete and submit Standard Form-LLL, "Disclosure Form to Report Lobbying," in accordance with its instructions. (3) This undersigned shall require that the language of this certification be included in the award documents for "AlI" sub -awards at all tiers (including subcontracts, sub -grants, and contracts under grants, loans, and cooperative agreements) and that all sub -recipients shall certify and disclose accordingly. This certification is a material representation of fact upon which reliance was placed when this transaction was made or entered into. Submission of this certification is a pre -requisite for making or entering into this transaction imposed by Section 1352, Title 31, U.S. Code, all local rules, and laws of the state of Florida. Any person who fails to file the required certification shall be subject to a civil penalty of not Tess than $10,000 and not more than $100,000 for each such failure. Magellan Housing LLC a Florida Limited Liability Company By: Nikul A. I By: Print Name: Nikul A. Inamdar Title: Managing Member its Managing Member * Note if applicable: In these instances, "All" in the Final Rule is expected to be clarified to show that it applies to covered contract/grant transactions over $100,000 (per QMB). 138 ATTACHMENT C BENEFICIAL INTEREST AND DISCLOSURE OF OWNERSHIP AFFIDAVIT STATE OF FLORIDA )SS/EIN: 81-4571735 COUNTY OF MIAM1-DADE 1. On 4th of September 2019, this Affidavit is submitted to the OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY, a Public Agency and Body Corporate created pursuant to Section 163.356, Florida Statutes, whereupon the undersigned authority, personally appeared, Nikul A. Inamdar as Managing Member ("Corporate Representative") Magellan Housing LIC a Florida Limited Liability Company , whose mailing address is 2100 Coral Way. Suite 405. Miami. FL 33145, subject to the penalties prescribed for perjury, deposes and says: 2. The Corporate Representative has read the contents of this Affidavit, has actual knowledge of the facts contained herein, and states that the facts contained herein are true, correct, and complete. 3. The following is a list of every "person" (as defined in Section 1.01(3), Florida Statues to include individuals, children firms, associates, joint adventures, partnerships. estates, trusts, business trusts, syndicates, fiduciaries, corporations and all other groups and combinations) holding 5% or more of the beneficial interest in the disclosing entity: (lf more space is needed, attach separate sheet): 4. This affidavit may be signed in several counterparts, each of which shall be an original and all of which together shall constitute but one and the same document binding on all of the parties. notwithstanding that not all of the parties have signed the same counterpart. Any signature delivered by a party by facsimile, email or other electronic transmission shall be deemed to be an original signature to this affidavit. IN WITNESS WHEREOF, the undersigned has hereunto set its hand as of the day and year first above written. Magellan Housing LLC a Florida Limited iability Company By: Print Name: Nikul .Tnamdar Title: Managing Member Sworn to and subscribed before me this , as , on behalf of said entity, who is produced the following identification s day of �U `a , by c 4 —Lc a ▪ ) ▪ personally known t000`Ine or ( ) has NAYELIS GARRIDO MY COMMISSION 0 GG 032929 EXPIRES: September 22, 2020 Bonded Tin Notary Public Underwriters (Printed, typed or stamped commissioned 1 Notary Public ---State of Florida My commission expires C zz o t 6 139 EXHIBIT D CERTIFICATE OF AUTHORITY STATE OF FLORIDA ) SS/ EIN: 81-4571735 COUNTY OF MIAMI-DADE I HEREBY CERTIFY that a meeting of the Members Limited Liability Company of Magellan Housing LLC a Florida (Type of Entity), whose mailing address is 2100 Coral Way. Suite 405, Miami. FL 33145 organized and existing under the laws of the State of Florida held on August 7th 20 19 , the following resolution was duly passed and adopted: "RESOLVED, that, Nikul A. Inamdar as Managing Member of Magellan Housing LLC be and is hereby authorized to execute the Contract for project located at 2035-2037-2043 N Miami Avenue , with the Omni Redevelopment District Conununity Redevelopment Agency official ("CRA"). 1 further certify that said resolution is now in full force and effect. " written. IN WITNESS WHEREOF, the undersigned has hereunto set its hand as of the day and year first above Magellan 1-lousing LLC a Florida Limited Liability Company By: /` J Print Name: Nikul A. lnamdar Title: Managing Mernber Sworn to and `Subscribed before me this Z.q day of , on behalf of said entity, known to produced the following identification / •C _ Q�CC� , as M Q4.s4 rs \q� o who iss� ) personally : ;11%;: ,� NAYELIS GARRIDO • 'A, MY COMMISSION # GG 032929 brM i EXPIRES: September 22, 2020 "<e,F ;;?1•'• Bonded Thru Notary Public Urldenvriters (Printed, typed or stamped commissioned) 7 reAl Notary Publi!- State ofFlari' My commission expires 2919, by �LG a eor( )has 2 p L J 140 EXHIBIT E CONFLICT OF INTEREST DISCLOSURE AFFIDAVIT CHAPTER 112, FLORIDA STATUTES THIS FORM MUST BE SIGNED AND SWORN TO IN THE PRESENCE OF A NOTARY PUBLIC OR OTHER OFFICIAL AUTHORIZED TO ADMINISTER OATHS. The undersigned, being first duly sworn, states: l . The full legal name and business address of the person or entity contracting or transacting business with the City of Miami is: Magellan Housing LLC The business is formed as a: Limited Liability Company 3. The business was formed or incorporated in the following year and state: 2016. Florida 4. The business is registered in the following state(s): Florida, 5. FOR CORPORATIONS: A. The following trustees, advisory board members or purchasing agents of the City or their spouses or children are officers or directors of the corporation; N/A B. The following trustees, advisory board members or purchasing agents of the City or their spouses or children or any combination thereof hold directly or indirectly more than 5% but Iess than 10% ownership in the corporation's stock: N/A C. The following trustees, advisory board members or employees of the City or their spouses, children or parents hold directly or indirectly 10% or more of the ownership in the corporation's stock: N/A D. The following trustees, advisory board members or employees of the City are employees of or in a contractual relationship with the corporation: N/A 6. This affidavit may be signed in several counterparts, each of which shall be an original and all of which together shall constitute but one and the same document binding on all of the parties, notwithstanding that not all of the parties have signed the same counterpart. Any signature delivered by a party by facsimile, email or other electronic transmission shall be deemed to be an original signature to this affidavit. [SIGNATURES CONTINUED] 141 IN WITNESS WHEREOF, the undersigned has hereunto set its hand as of the day and year first above written. Magellan Housing LLC a Florida Limited Liability Company By: Print Name: Nikul A. lnamdar Title: Managing Member Sworn to ind subscribed befor me this 2_ day of )`'.a�_ , by .�� ,�.a�C,Zs ,as�q o\�`=��� Q4 o a Qkr .,\.PLC_,a , on behalf of said entity, who' is ( ,v`-) personally known to e or ( ) has produced the following identification 41'..1;"Pa. NAYELIS GARRIDO r. t MY COMMISSION it GG 032929 ': • .,7 EXPIRES: September 22, 2020erwriters r, ,, ,,�;.a' Bonded Thtu Notary Puhlic Und (Printed, typed or stamped commissioned Notary Public — S#ate of Florida My commission expires 2 c ZC) 142 SWORN STATEMENT ON PUBLIC ENTITY CRIMES SECTION 287.133(3)(a), FLORIDA STATUTES THIS FORM MUST BE SIGNED AND SWORN TO IN THE PRESENCE OF A NOTARY PUBLIC OR OTHER OFFICIAL AUTHORIZED TO ADMINISTER OATHS. STATE OF FLORIDA ) SS/EIN: 81-4571735 COUNTY OF MIAMI-DADE ) 1. This sworn statement is submitted to the OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY, a Public Agency and Body Corporate created pursuant to Section 163.356, Florida Statutes. by Nikul A. lnamdar. Managing Mernber for [print individual's name and title] Magellan Housing LLC [print name of entity submitting sworn statement] whose business address is: 2100 Coral Way. Suite 405. Miami. FL 33145 and (if applicable) its Federal Employer Identification Number (FEIN) is: 81-4571735 2. 1 understand that a "public entity crime" as defined in Paragraph 287.133(1)9g), Florida Statutes, means a violation of any state or federal law by a person with respect to and directly related to the transaction of business with any public entity or with an agency or political subdivision of any other state or the United States, including, but not limited to, any bid or contract for goods and services to be provided to any public entity or an agency or political subdivision of any other state or of the United States involving antitrust, fraud, theft, bribery, collusion, racketeering, conspiracy, or material misrepresentation. 3. I understand that "convicted" or "conviction" as defined in Paragraph 287.133(I)(b), Florida Statutes, means a finding of guilt or a conviction or a public entity crime, with or without an adjudication of guilt, in any federal or state trial court of record relating to charges brought by indictment or information after July 1, 1989, as a result of a jury verdict, nonjury trial, or entry of a plea of guilty or nolo contendere. 4. I understand than an "affiliate" as defined in Paragraph 287.133(1)(a), Florida Statutes, means: a. A predecessor or successor of a person convicted of a public entity crime; or b. An entity under the control of any natural person who is active in the management of the entity and who has been convicted of a public entity crime. The terns "affiliate" includes those officers, directors, executives, partners, shareholders, employees, members, and agents who are active in the management of an affiliate. The ownership by one person of shares constituting a controlling interest in another person, or a pooling of equipment or income among persons when not for fair market value under an ami's length agreement, shall be a prima facie case that one person controls another person. A person who Page 1 of 3 143 knowingly enters into a Team with a person who has been convicted of a public entity crime in Florida during the preceding 36 months shall be considered an affiliate. 5. I understand that a "person" as defined in Paragraph 287.133(1)(e), Florida Statutes, means any natural person or entity organized under the laws of any state or of the United States with the legal power to enter into a binding contract and which bids or applies to bid on contracts for the provision of goods or services let by a public entity, or which otherwise transacts or applies to transact business with a public entity. The term "person" includes those officers, directors, executives, partners, shareholders, employees, members. and agents who are active in the management of an entity. 6. Based on information and belief. the statement that I have marked below is true in relation to the entity submitting this sworn statement. ]Indicate which statement applies.' X Neither the entity submitting this sworn statement, nor any officers, directors, executives, partners, shareholders, employees, members, or agents who are active in the management of the entity. not any affiliate of the entity, has been charged with and convicted of a public entity crime subsequent to July 1, 1989. This entity submitting this sworn statement, or one or more of its officers, directors, executives, partners, shareholders, employees, members, or agents who are active in the management of the entity, or an affiliate of the entity has been charged with and convicted of a public entity crime subsequent to July 1, 1989. The entity submitting this sworn statement, or one or more of its officers. directors, executives, partners, shareholders, employees, members, or agents who are active in the management of the entity, or an affiliate of the entity has been charged with and convicted of a public entity crime subsequent to July 1, 1989. However, there has been a subsequent proceeding before a Hearing Officer of the State of Florida, Division of Administrative Hearings and the Final Order entered by the Hearing Officer determined that it was not in the public interest to place the entity submitting this sworn statement on the convicted vendor list. 'Attach a copy of the final order] 7. This affidavit may be signed in several counterparts, each of which shall be an original and all of which together shall constitute but one and the same document binding on all of the parties, notwithstanding that not all of the parties have signed the same counterpart. Any signature delivered by a party by facsimile, email or other electronic transmission shall be deemed to be an original signature to this affidavit 1 UNDERSTAND THAT THE SUBMISSION OF THIS FORM TO THE CONTRACTING OFFICER FOR THE PUBLIC ENTITY IDENTIFIED IN PARAGRAPH 1 ABOVE IS FOR THAT PUBLIC ENTITY ONLY AND, THAT THIS FORM IS VALID THROUGH DECEMBER 31 OF THE CALENDAR YEAR IN WHICH IT IS FILED. I ALSO UNDERSTAND THAT 1 AM REQUIRED TO INFORM THE PUBLIC ENTITY PRIOR TO ENTERING INTO A CONTRACT IN EXCESS OF THE THRESHOLD AMOUNT PROVIDED IN SECTION 287.017, FLORIDA STATUTES, FOR CATEGORY TWO OF ANY CHANGE IN THE INFORMATION CONTAINED IN THIS FORM. 'SIGNATURES CONTINUED Page 2 of 3 144 IN WITNESS WHEREOF, the undersigned has hereunto set its hand as of the day and year first above written. Nikul A. Inamdar a Florida Limited Liability Company By: Print Name: Nikut A. tnamdar Title: Managing Member / 2019, by 1c„ —I�=4 ',e 4 as 'y iQ� 4C`a �k J-e 1 0 ��a y ,�43 , on behalf of said entity, who ih ( r— ') personally known to m- or ( ) has produced the following identification ./ i Sworn to k and subscribed before me this `� day of NAYELIS GARRIDO MY COMMISSION g GG 032929 EXPIRES: September 22, 2020 Bonded Thru Notary Public Underwrilors (Printed, typed or stamped commissioned Notary Public 2Stat of Florida i 't My commission expires G z z zQ� Page 3 of 3 145 Tab 13 146 WYNW OD was REFERENCES Developmental References Clarence Woods CRA Manager Northwest-Progresso-Flagler Heights Community Redevelopment Area City of Fort Lauderdale Community Redevelopment Agency 914 Sistrunk Boulevard, Suite 200 Fort Lauderdale, FL 33311 Phone: 954-828-4518 E-mail: CWoods@fortlauderdale.gov Kim Rohm Director The Gatehouse Group 120 Forbes Boulevard, Suite 180 Mansfield, MA 02048 Phone: 401-226-4743 E-Mail: rohmk@gatehousemgt.com Financial Institution References Mahesh Aiyer Director Citi Community Capital 2700 Post Oak Blvd., Suite 510 Houston, Texas 77056 Phone: 713-752-5046 E-mail: mahesh.aiyer@citi.com Lanie Wasserman SVP/Senior Lender Neighborhood Lending Partners of Florida, Inc. 3615 West Spruce Street Tampa, FL 33606 Phone: 813-384-2008 E-mail: Wasserman@nlp-inc.com 147