7-10-24 PB Agenda Packet - Laserfiche WebLink

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42 1827 and some other things, and one of the specific reasons not to do those is because all of those were established 1828 exactly to create discrimination against younger folks and go on down the line. And some of the operating 1829 procedures of what you can do and what you can't do to become a member of the community are flatly outright 1830 racist. And so, part of the effort to trying not to have to be pushed into one of those models is to set up a different 1831 kind of model,which has worked successfully elsewhere, see if can be done here. I guess the biggest thing about it 1832 is, John mentioned this to me and so I'll mention it, one of the things that was part of the design process is the three 1833 buildings of 20 dwelling units. And one of the reasons that it's very useful is because that's an easy place to be able 1834 to provide services to people in their dwelling units. It's also one of the places on the property that is going to cost 1835 the least to build the dwelling units. So,we're looking at this on that model of trying to make it possible to relocate to 1836 this community from a bigger house. I'm not saying the work is done. You know that, but some of the component 1837 pieces are just really difficult to put together, and what we haven't really said tonight, but Maria said it a little bit, 1838 which is a lot of the things you can't get somebody excited about until you've actually got what they think is a project 1839 that's real. And so,one of the steps in this process has been get to the planning board, get further along in the 1840 process on those types of things. We've been asked a question about well,what do you know about this financing 1841 and that financing. Well, I'm not sure I know anybody doing their own house or doing something else that can go into 1842 the bank and say give me a mortgage for$800,000, I'm thinking about building a house. So,we are in the process of 1843 doing these steps and we hope we're doing them right, and we hope we gain some good input which we have. 1844 1845 Dolores Bailey: Scott,you said it was going to be a$65 to$75 million project over the full haul and you know 1846 how many square feet you're going to put into this thing. The way we normally calculate is figuring out how much 1847 we're talking about per square foot for building. 1848 1849 Scott Radway: It's a slightly different model for the costing of this than I would say an individual building or an 1850 individual structure. 1851 1852 Beth Bronson: Do a ballpark. You can do a ballpark. 1853 1854 Scott Radway: We can do a ballpark. We can bring it back to you. What the pieces in the ballpark look like 1855 are wastewater system. We don't have tap fees like you do if you've got public water. We don't have those kinds of 1856 things but we do have another cost. So,we can't give you specific numbers that are going to be realistic probably a 1857 month after we give them to you but they're going to be ballpark. Kind of these are the pieces that go into it. This is 1858 how the cost gets looked at. It's not necessarily something that you might ask, but in a lot of places wouldn't ask, MI 1859 Homes or Toll Brothers or something about it, they'd just say okay, you've been in business a long time. We think 1860 you're good. We've got to get to that step to prove it. 1861 1862 Dolores Bailey: My question, and I know you guys can't answer tonight, about affordability is who's going to be 1863 able to afford it. 1864 1865 Beth Bronson: Thank you very much and to that point, if you're going to have 150 residences and you project 1866 it's going to be$60 million, it's roughly$400,000.00. I'm, I'm just letting anybody know who's saying that this master 1867 plan that they're applying for is for 150 residences and in the application, I understand it's 300 bedrooms. Is that 1868 correct? 1869 1870 Scott Radway: Yes,we're asking for an upset number on dwelling units, 150 and an upset number on 1871 bedrooms as 300. 1872 1873 Beth Bronson: And what I kind of want to clarify because of the master plan development application is that 1874 when you are applying for that,you are required to provide, and this may be specifically with conditional zoning, but 1875 any master plan is conditional, right? So,you are required to provide this level of detail,this level of thought and 1876 output into what would be the plan. Any deviation from that plan would need to come back to the planning board,to 1877 my understanding, if you're going to deviate from the master plan as being approved on whatever conditions they're