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HomeMy WebLinkAbout1992 05-05 A G E N D A MERIDIAN CITY COUNCIL MAY 5, 1992 ITEM: MINUTES OF THE PREVIOUS MEETING HELD APRIL 21, 1992: (APPROVED) 1: PROCLAMATION: SPOTLIGHT OUR SCHOOLS WEEK: (APPROVED) 2: PUBLIC HEARING: GRANT FOR IMPROVEMENTS TO SERVE FOREIGN TRADE ZONE: (APPROVED) 3: FINAL PLAT: CHATEAU MEADOWS EAST # 8: (APPROVED) 4: FINAL PLAT: CHATEAU MEADOWS'.:EAST # 9: (APPROVED) 5: FINAL PLAT: HAVEN COVE # I, FORMERLY BETHHAVEN: (APPROVED) 6: REQUEST BY DEVELOPERS OF HUNTER'S GLEN FOR CHANGE IN FINAL DEVELOPMENT PLANS FOR THE PUD THAT WAS GRANTED : (DENIED) 7: APPROVE THE 1990-91 FISCAL AUDIT REPORT: (APPROVED) 8: PRE-TERMINATION HEARING: WATER/SEWER/TRASH DELINQUENCIES: (APPROVED) 9 : APPROVE THE BILLS : (APPROVED) 10: DEPARTMENT REPORTS: MERIDIAN CITY COUNCIL MAY 5 1992 The Regular Meeting of the Meridian City Council wti-~s called to order by Mayor Grant P. Kingsford at 7:3~ P. M.: Members Present: Ron Tolsma, Bob Giesler, Bob Currie, Max Yerrington: Others Present: Wayne S. Forrey, Frank Thomason, Chuck Fuller, Lee Stucker, Jim Tisdale, Bernice Tisdale, Rory Jones, Gary Smith, Bill Gordon, Wayne Crookston, Bob Donovan, Dave Collins, Dick Falk: MINUTES OF THE PREVIOUS MEETING HELD APRIL 21, i99~: The Motion was made by Tolsma and seconded by Yer^r~ington to approve the minutes of the previous meeting held April 21, 1992 as written: Motion Carried: All Yea: ITEM #1: PROCLAMATION: SPOTLIGHT OUR SCHOOLS WEEK: Kingsford: Read Proclamation declaring the week of May 4 through May 8, 1992 as Spotlight our School Week. ITEM #2: PUBLIC HEARING: GRANT FOR IMPROVEMENTS TO SERVE FOREIGN TRADE ZONE: Kingsford: I will open the public hearing, is there anyone present who wishes to testify? No response. I will close the public hearing. The Motion was made by Tolsma and seconded by Giesler to apply fo~^ this Grant. Motion Carried: All Yea: ITEM #3: FINAL PLAT: CHATEAU MEADOWS EAST #8: Kingsford: Is there a representative here to answer questions. Tolsma: Have you seen on the City Engineer's comments on #8 & #9? • • MERIDIAN CITY COUNCIL MAY S, 1992 PAGE 2 Dave Collins: Yes I have and we have no difficulties with any of the comments. The Motion was made by Yerrington and seconded by Giesler to approve the Final Plat for Chateau Meadows East #8. Motion Carried: All Yea: ITEM #4: FINAL PLAT: CHATEAU MEADOWS EAST #9: The Motion was made by Tolsma and seconded by Yerrington to approve the Final Plat for Chateau Meadows East #9: Motion Carried: All Yea: ITEM #S: FINAL PLAT: HAVEN COVE #I, FORMERLY BETHHAVEN: Corrie: The Fire Department had a question about the turn arounds at the end of the proposed streets. Will we have those? Dave Collins: Yes, they are required at the end of every stub road with the exception of the most southerly one to the west which is only one lot deep and the intersection then functions as a turn-around there. Corrie: Is this R-4 or R-8? Collins: R-4. Corrie: The berm will go in at the same time the subdivision goes in? Collins: The Highway District is talking an 80 foot right of way at this time, which would take up this seven foot strip that the City has requested we put in adjacent to the 66 foot right of way on each side. Tolsma: The Sewer Department had a comment here that the sewer line runs through Lot 11 - Blk. 1 - Is says no building will be allowed on this lot, is that going to be an easement there? Collins: Coming in from the east yes. The alignment right now is adjacent to the north boundary line of that lot and we are currently looking at using the balance of the lot for a storm water detention system. Tolsma: You didn't have a problem with that Gary? ~- ~ i MERIDIAN CITY COUNCIL MAY 5, 1992 PAGE 3 Eng. Smith: I haven't seen the water and sewer plans yet. We had a preliminary alignment on the preliminary plat coming through that area. At that time that lot was designated as a drainage retention pond lot. It wasn't designated as a buildable lot. Collins: That's still our intention at this time. Eng. Smith: If we have the sewer line right through that lot we have to have access to it. Kingsford: What's the depth of that sewer line? Collins: Nine or ten feet. Eng. Smith: If it's twenty foot I think we can work in that. I think we'd make some special requirements there in terms of the type of pipe that is to used and the fact that it crosses under Nine Mile Drain, it's going to have some special requirements there. Collins: It's all concrete and cased steel underneath the Nine Mile Drain. Eng. Smith: We'll just have to make sure that on the final development plans that that sewer line is adequately taken care of for our future maintenance purposes. Discussion on right of way - see tape. The Motion was made by Tolsma and seconded by Corrie to approve the Final Plat on Haven Cove #I subject to the City Engineer's review of the lot for drainage and sewer line and also for the ironing out of the street section with our Engineer and the ACRD. Motion Carried: All Yea: ITEM #6: REQUEST BY DEVELOPERS OF HUNTER'S GLEN FOR CHANGE IN FINAL DEUELOPMENT PLANS FOR THE PUD THAT WAS GRANTED: Roy Jones: I'm here on behalf of Bill and Lucille Leavell on the Hunter's Glen Development Concept Plan. Unfortunately the bank which was financing this project retained an appraiser that chose to go beyond the standard appraisal function and to provide ~- s • MERIDIAN CITY COUNCIL MAY 5, 1992 PAGE 4 comment on the financial viability of the project and as a result of that, First Interstate Bank is no longer with this project. We are back with a small redesign project. There will be bank financing for this project and we are working with West One Bank at the time. There has been a small redesign of the project to satisfy the concerns raised by that appraiser. Minimal changes are laid out on page 2 of that April 28, 1992 letter. This is still a first class project. We have asked for a small increase in density from 40 to 44 units which is still consistent with the R-15 zone. I will answer any questions you might have. If this project is approved ground will be broken immediately. You'll see that two additional phases are contemplated, it's the intention to upgrade phases two and three to the same standards as were in the original conditional use application once he successfully fills phase I and moves on to phase 2. Giesler: All these items, they are basically just to cut some costs? The swimming pool will still go in in phase 2? Jones: Yes. Kingsford: My concern is that if we go ahead and approve this we are basically endorsing that kind of appraisal which I think is inappropriate. It seems more appropriate to me to have someone else appraise it. Obviously West One is going to want to have an appraisal and it seems reasonable that some other appraiser do that for you. Jones: I fully understand that. The problem is in the development committee we are now between a rock and a hard place. This project has been appraised and it's generally known in the community. The reality is any bank we go to they are going to know that this thing has been appraised and defaced with that same appraisal even though it's not ordered and paid for again by Mr. Leavell. I think you know from the correspondence he sent what he thought of this appraisal and we're going to be pursuing his remedies with First Interstate Bank for the charges for what this fellow did. The problem is if you take that approach Mr. Leavell is the one who is the victim rather than First Interstate Bank which is responsible for this. Kingsford: I'd suggest to you that the City of Meridian is as well the victim. ~ • MERIDIAN CITY COUNCIL MAY 5, 1992 PAGE Jones: I would agree with some of the characterizations contained in his appraisal certainly do that. The strongest point I could make here is we have a gentleman who resides here and is very interested in investing a substantial chunk of money in this community in providing an upscale rental complex which will improve this neighborhood in the community and plans to invest substantially more dollars in further upgrading the project. The reality is that this is the only project that's viable at this point and time and nobody is happy about what happened. I ask that, don't accept what First Interstate and their appraiser said and don't put up with it, but please don't stand in the way of this project because of this. This is not a done issue, but from the standpoint of getting Hunter's Glen built, the project is before you tonight as the only viable one from a financing standpoint, the one which we have to proceed on. 5o I'd ask you to please try and put aside those same feelings that we all share. Giesler: Mr. Mayor am I reading this correctly that one of the main reasons because of this is the type of units we have in Meridian right now? Kingsford: I think that was what the editorializing that the appraiser did, yes. He's saying that in Boise it would be worth more than that, in Meridian it's not. Discussion. (See tape) Kingsford: What about the impact fee issue? I'm not sure where that puts you with regard to impact fee's, are you up to speed on them? Jones: I'm not but we are willing to do whatever the City see's appropriate. Bob Donovan: We have tried other loaning institutions. Kingsford: Have you looked at another appraiser? Donovan: Other appraisals, this is like throwing feathers in the wind. We have had other appraisers look at it and they all seem to have a problem with Washington Square and that's the reason we decided to downgrade this first phase, that gives us a buffer between the project and Washington Square. The dollar amount was not the problem, the problem was the write up. If we go back and refinance according to the bank that appraisal stays with it. MERIDIAN CITY COUNCIL MAY 5, 1992 PAGE 6 C~ Kingsford: So another bank is not going to ask for a different appraisal? Donovan: They are going to ask for a different appraisal but that first appraisal is still there. Every bank in town knows about that appraisal. Tolsma: Had you considered those impact fees? Donovan: Yes we are going to pay them no matter which way we go. We've planned on putting the amenities in phase II because we want to put a pool and a club house. We have also widened the roadway coming from 5th Street all the way through to Fairview is going to be 30 foot back to back instead of the narrower roadway, it's clear through that way. Kingsford: As I sit here I can think of a lot of projects that were approved with all kinds of good faith that weren't finished and so if we approve this tonight, what we are talking about is a down grade version that if the second phase isn't built there are no amenities. Donovan: The land is already purchased for the second phase. Kingsford: I've seen land purchased that has changed many hands too. Corrie: It seems to me that if the scenario is correct of what he says, I don't think it is, that your second and third phase is going to be abutting the same thing your abutting now. Donovan: No we have our first phase is going to be the buffer. See your real problem is Washington Square which is what we abut with phase I. Phase II and Phase III are going to abut phase I, so we upscale from Washington to Phase I and upscale again from phase I to phase II and III. One of the buildings is the same as originally it's got the handicapped units and the garages the same, it didn't change. Giesler: I guess I don't understand the appraisal, if it appraises for what you can build it for then why don't you build it. Kingsford: I think what I'm hearing them say is it appraised at that but they won't give them the money. Donavan: That's right because of the write up that he gave. • MERIDIAN CITY COUNCIL MAY S, 1992 PAGE 7 Corrie: So your dropping the rent on those down to X120.00 a month. Donovan: Actually it's going to average a little higher than that because the one four plea is going to rent back up there in the $650 bracket. It's the forty units that are going to be down around the #530 range instead of $650.00. Kingsford: Are they going to rent for that figure without the amenities? Donovan: Yes. These are quite a bit upscale from the ones that went in on 2 1/2 Street. They are bigger units in square footage plus a lot more open area in them. Kingsford: It concerns me that if we approve this we are buying off on that appraiser. We are saying alright. Donovan: I really feel there should be some joint venture between the City and the Leavell's to get some recourse here because you were all wronged from it. Giesler: Is there something that I might be a bit familiar with that this would be scale to? Donovan: Hepper Hills is about the same rent scale as what you've got here. Giesler: The problem I see with changing this was the excitement of having something that you proposed in March - the excitement that it was for this community and then to have to down-scale it because of that. I think there needs to be something done to remedy that situation and try to do this project as it is. I'd hate to see us loose this project. Donovan: We kill it this way then he's actually won. There's just no financing available unless we comply with what they are telling us. They are all coming back and saying they want a buffer between Washington Square and where we are building. Corrie: So your caught in a catch 22. Donovan: They all say the appraiser was out in left field but yet they pay attention to him. • MERIDIAN CITY COUNCIL MAY 5, 1992 PAGE 8 r L_ Corrie: I am like Bob I was excited that we have a project that was upgraded and I still think it should be upgraded. I don't like what they said either. I personally don't think that we should approve a down-scale. I think we should have as high of standards in Meridian as anywhere else. Tolsma: I believe I'm in the same voice with these people. If we approve this thing then we are saying what he said was right and I can't go along with that. Jones: Mr. Leavell can't get financing if we don't approve this project. In the future you will have 2/3 of which are in the upscale fashion that were approved the first time around with a buffer and it's going to be a fine amenity in the community. The reality is that Mr. Leavell is not going to be able to afford to stay in the thing, we can't get financing that's been exhausted. I respectfully request that this is the way for the City to go and prove this fellow wrong by allowing this project to succeed successfully. Kingsford: I understand where your coming from. I just have a real problem rolling over on that appraisal. Dick Falk: I am a real estate broker at White Riedel & Co. and I assisted Mr. Riedel in finding the property that we brought before you to try to put together the original project. I think that a statement is being made here that the project that we are proposing now is a down-scale. Well it really isn't a down-scale. It's a down-scale in square footage, the quality of what is going to be built is going to be a very attractive unit and will be much nicer than I think probably anything that is being put up right now in Meridian. The problem that the appraiser had is that the average rents in Meridian for multi dwelling were in the mid three hundred dollars a month range. It was a real gulp for this appraiser to analyze Meridian and state that we could almost double that figure in order to put this project together. The knife has stuck and it's in, and what they are stating is that we don't really feel that X525.00 a month in Meridian is a rent that is going to be receivable. The bank now is stating that if you can design a unit that you can build in that particular price range then we will definitely go along with it because that's where the appraiser has indicated what the rent factors are here in Meridian. Further - see tape - ,_ MERIDIAN CITY COUNCIL MAY S, 1992 PAGE 9 Kingsford: You are wrong, you are down-scaling. Anytime you have four units at the same price and impact the City with that many more people in the same amount of dollars cents value, your down-scaling. Giesler: What else would you buffer that area with? Kingsford: I don't know. As you look at that plan your really not buffering all that much as you go to Phase 2. Giesler: I can't believe that there isn't some other appraiser out there. Kingsford: I know for a fact Mr. Giesler, we had appraisals done on First Street and had another appraiser come in and disagree on one of the four appraisals. The Motion was made by Giesler and seconded by Yerrington that the request by the Developer's of Hunter's Glen in the final Development for the PUD be denied. Motion Carried: All Yea: ITEM #7: APPROVE THE 1990-91 FISCAL AUDIT REPORT: Kingsford: I think it's appropriate to commend Jack and Janice, the current auditors and previous auditors have all been very complementary. I certainly appreciate the effort put in. The Motion was made by Yerrington and seconded by Tolsma to approve the 1990-91 Fiscal Audit Report. Corrie: I looked this over about two weeks ago and the City if in great financial shape. The City employees, City Clerk and all of them are doing a fantastic job. Motion Carried: All Yea: Kingsford: I'd like to request that the Council approve of hiring Gibbons - Scott to do the audit for next year. Their estimated amount is the same as this year. The Motion was made by Tolsma and seconded by Giesler to approve of Gibbons, Scott and Dean for the audit next year. Motion Carried: All Yea: • • MERIDIAN CITY COUNCIL MAY 5, 1992 PAGE 10 ITEM #8: PRE-TERMINATION HEARING: WATER/SEWER/TRASH DELINQUENCIES: Kingsford: THIS IS TO INFORM YOU IN WRITING, IF YOU CHOOSE T0, YOU HAVE THE RIGHT TO A PRE-DETERMINATION HEARING AT 7:30 P. M. 05-05-92 BEFORE THE MAYOR AND CITY COUNCIL, TO APPEAR IN PERSON TO BE JUDGED ON FACTS AND DEFEND THE CLAIM MADE BY THE CITY THAT YOUR WATER, SEWER, AND TRASH IS DELINQUENT. YOU MAY RETAIN COUNSEL. THIS SERVICE WILL BE DISCONTINUED 05-13-92 UNLESS PAID IN FULL. Is there anyone present who wishes to contest their water, sewer, trash delinquency? No response. The Motion was made by Tolsma and seconded by Giesler to approve the turn off list. Motion Carried: All Yea: Kingsford: THEY ARE HEREBY INFORMED THAT THEY MAY APPEAL OR HAVE THE DECISION OF THE CITY REVIEWED BY FOURTH JUDICIAL COURT PURSUANT TO IDAHO CODE. EVEN THOUGH THEY APPEAL THEIR WATER WILL BE SHUT OFF. The amount of the turn-off list this month is ~8, 688.65. ITEM #9: APPROVE THE BILLS: The Motion was made by Tolsma and seconded by Yerrington to approve the bills. Motion Carried: All Yea: ITEM #10: DEPARTMENT REPORTS: Kingsford: Let's discuss the well lot at Meridian Greens. Tolsma: We had an offer for a lot in Meridian Greens for our new well site and also our booster pump for Meridian Greens. The basic specifications that the homeowners wanted was a sided building, a shake roof on the pump house and landscaped to the specifications of what the other entrance to Meridian Greens was. Discussion held on maintenance of lot. The Motion was made by Tolsma and seconded by Giesler to have the attorney draw up a deed on the proposed well site. Motion Carried: All Yea: • • MERIDIAN CITY COUNCIL MAY 5, 1992 RAGE 11 The Motion was made by Tolsma and seconded by Yerrington to declare an emergency for the pressure system on the south side of the freeway. Motion Carried: All Yea: Wayne Forrey: Gave to Council Members a Project Status. #1) The Phase Two Downtown CDBG - the four property appraisals have now been completed. The Engineering design is nearly complete. Hubble Engineers will be meeting with the Ada County Highway District to start their review of the design of Phase 2. I got a preliminary cost this afternoon from Hubble for the roadway, sidewalk and street lights. In the Block Grant we have X121,000.00 budgeted for those three items and his estimated cost is X130,000.00. Terry Smith and Jack Sweet are scheduling a downtown Improvement Committee Meeting early next week to propose where we might have to cut back. What the Highway District has tentatively committed to do, the project will pave the north half of Broadway, between E. First and E. 2nd, the Highway District tentatively is going to pave and repair the other half. Discussion Held. #2) 11th Street Pipe Blockage - Water did come in that ditch yesterday and Roto-Rooter has been waiting for water to get in there and they are now scheduled for tomorrow morning. #3) Computrol Rroject - Has been completed. #4) Sewer Rate Analysis - We are still working on that. We'd like to go ahead and add Water Rate Analysis if that's alright with the Council. #S) Foreign Trade Zone - "Mr. Wayne Forrey was present at the hearing at the request of the Meridian Chamber of Commerce, Industrial Development Committee. Mr. Forrey was prepared to review the proposed rail-line improvement project and describe the CDBG program and grant eligibility and benefits process. A copy of the ICDBG Handbook was available for review. A presentation was not necessary because no-one in the audience had any questions." #6) Complete the LID #90-1 Process - The LID Hearing is set for your next Council Meeting, May 19, 1992 at 7:00 P. M.. We are working to get remaining items completed by May li, 1992. ., , MERIDIAN CITY COUNCIL MAY 5, 1992 PAGE 12 #7> Glennfield Manor #2 - Five funding partnership proposed solution to construct 36" pipe. The Council can also create a small LID to force those affected properties to participate if that's the hold up. #8) Chateau Meadows Subd./Jericho Street - Undersized Pipe. Gary and I have been working on a letter to the property owners and at the proper time we'll send that out and organize a meeting here at City Hall. Yerrington: On our trash regulations, two weeks ago we didn't put an effective date on the rate increase. The Motion was made by Yerrington and seconded by Corrie to put an effective date of May 15, 1992 for the trash rate increase. Motion Carried: All yea: Corrie: I'd like to apologize to the Mayor for missing the Mayor's Prayer Breakfast. Also I have been in conference with the Rural Fire Commissioner's in discussion of purchasing the Cooly home behind the Fire Station. We have reached agreement to purchase that property with the Rural Fire Department and our share would be X18,500.00. I would like to have a motion that the Council approve of our funding that agreement. The Motion was made by Corrie and seconded by Yerrington to approve of the expenditure of $18,500.00 for purchase of the Cooley property in essence from the Rural Fire Department. Motion Carried: All Yea: Tolsma: Gary Smith and I were at the APA Meeting today in conjunction with the Congestion Mitigation and Air Quality Funds. Because we started a emission testing program and a voluntary wood burning ban, that we are now to clean to get the funds f?^om the State. The ITD is having a meeting in Pocatello in a couple of weeks to decide where this money is going to go and we are sending a representative from APA to meet with ITD to see if we can get this money back into Ada County. It looks very promising because of the fact that Ada County is the only county that has a plan in affect. The APA Association wanted to send a representative down there with a Resolution stating that the Cities in Ada County are behind the representative so when they meet with ITD can bring a Resolution from each one of the City's to help acquire this money. ~, _' MERIDIAN CITY COUNCIL MAY 5, 1992 PAGE 13 The Motion was made by Yerrington and approve of the Draft Resolution. Motion Carried: All Yea: C seconded by Giesler to Kingsford: I have two items. Those of you that are interested, the AIC will be having their budget workshop tomorrow in Nampa at the Convention Center between 7-9 P. M.. Also, far your information a meeting has now been scheduled with the Ada County Commissioners on the Area of Impact in dispute, it will be on Tuesday, May 19, 1992 at 3:30 at the County Commission Room. Clerk Niemann: I've got a couple weed patches that need to be cleaned up. I need a motion to get somebody to have them cleaned up. The Motion was made by Giesler and seconded by Yerrington to approve of having those properties cleaned up and bill the owners. Motion Carried: All Yea: Kingsford: Gary are you familiar with the ditch in front of Fairview Terrace. Would you please check into this and follow up. The Motion was made by Corrie and seconded by Yerrington to adjourn at 8:55 P. M. Motion Carried: All Yea: (TAPE ON FILE OF THESE PROCEEDINGS) APPRDVED: GRANT P. 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I i t ~ D -~ T y r _i ~;, ~~ ; ~ ~'; A A ~-- '-~ ~+ iY~ ~y] A -~ ~ ~-• Cn ~ n r -.1 O ~ ] ~! y h;~ t, j iii •~~ r •] ~ ~; hJ -• Z m ] i6 iG1 J 'J f ~ ,`} f~l -P :~] '~L't , r~ t a f_' a ~]] cn v ~;~~ ~T A -I I HUB OF TREASURE VALLEY A Good Place to Live OFFICIALS JACKNIEMANN,CityClerk JANICE GASS, Treasurer CITY OF ~VIERIDIAN COUNCILMEN RONALDR.TULSMA BRUCE D. STUART, Water Works Supt. ROBERT GIESLER WAYNE G. CROOKSTON, JR., Attorney 33 EAST IDAHO MAX YERRINGTON EARL WARD, waste watersupt. MERIDIAN IDAHO 83642 ROBERT D. coRRIE KENNY BOWERS, Fire Chief , BILL GORDON, Police Chief ~ Phone (208) 888-4433 Chairman Zoning & Planning GARY SMITH, City En ineer g FAX (208) 887-4813 JIM JOHNSON GRANT P. KINGSFORD Mayor RESOLUTION N0. FOR THE PURPOSE OF ENDORSING THE FY92 ADA PLANNING ASSOCIATION TRANSPORTATION IMPROVEMENT PROGRAM ADDENDUM WHEREAS, the Ada Planning Association has been designated by the Governor of Idaho as the Metropolitan Planning Organization t^esponsible for transportation planning in Northern Ada County, Idaho; and WHEREAS, the City of Meridian participates actively in all affairs of the Ada Planning Association through the Mayar and one City Council representative on the Ada Planning Association Board; and WHEREAS, the Ada Planning Association has prepared a Transportation Improvement Program and Addendum for Northern Ada County for FY9~-96; and WHEREAS, the Addendum to the Transportation Improvement Program for Northern Ada County identifies twenty-four FY9~ transit, ridesharing, pathway and traffic operations projects designed to improve air quality throughout Ada County; and WHEREAS, the 1991 Intermodal Surface Transportation Efficiency Act provides special-purpose Congestion Mitigation Air Quality funds for projects such as these; and WHEREAS, the City of Meridian wishes to underscore its suppor^t for full funding of these air quality projects in a timely manner so that, to the maximum extent possible, there may be completed during the current construction season. NOW, THEREFORE, BE IT RE50LVED, that the City of Meridian urges the Idaho Transportation Department Board to act promptly in allocating Congestion Mitigation Air Quality funds for these projects. DATED this r th day of May, 1992. ~~~ ~~ HUB OF TREASURE VALLEY A Good Place to Live OFFICIALS JACK NIEMANN, City Clerk CITY OF ME JANICE GASS, Treasurer RIDIAN BRUCE D. STUART, Water Works Supt. WAYNEG.CROOKSTON,JR.,Attorney 33 EAST IDAHO EARL WARD, waste water supt. MERIDIAN IDAHO 83642 KENNY BOWERS, Fire Chief ~ BILL GORDON, Police Chief Phone (208) 888-4433 GARY SMITH, City Engineer FAX (208) 887-4813 GRANT P. KINGSFORD Mayor "SPOTLIGHT OUR SCHOOLS WEEK" PROCLAMATION COUNCILMEN RONALD R. TULSMA ROBERT GIESLER MAX YERRINGTON ROBERT D. CORRIE Chairman Zoning & Planning JIM JOHNSON WHEREA5, our children are the most important asset of our community and they receive a great deal of their guidance during attendance at school; and WHEREAS, Joint School District No. 2, our School District, is a major employer in our community-; and WHEREAS, the businesses of our community contribute greatly to our schools and school activities in time, ,money, loan of employees, and general support; and WHEREAS, the schools, the teachers, the school administrators, and the individuals and businesses who give so much to our schools are a significant factor in providing the quality of life we and our children enjoy; and WHEREAS, our schools and every person associated therewith, provide a positive impact on our community; and WHEREAS, it is important that the schools, teachers, administration, and contributing individuals and businesses receive recognition for their effort; I, Grant P. Kingsford, Mayor of the City of Meridian, do hereby proclaim the week of May 4 through May 8, 1992, "SPOTLIGHT OUR SCHODLS WEEK" and do hereby call upon the officials of this City, and all citizens thereof, to make themselves aware of the impact and contribution Joint School District No. 2, it's teachers, it's administration, the contributing individuals and businesses, have on our children and our community. DATED this ,~L day of r y 1Qvr , 1992. V V ~ GRANT P. KINGSFO D M Y R v rrod~ - ad dLJ THE CITY LEADERS INSTITUTE 3045 THAYEN PLACE, BOISE, IDAHO 83709 Telephone = (208) 362332 Fax = (208) 362-4332 Project Status -Meridian City Council 5 May 1992 1. Phase Two Downtown CDBG -Four appraisals completed. One property owner has been contacted. Engineering design almost completed. 2. 11th Street Pipe Blockage - Roto Rooter is scheduled to auger and flush the pipe on Wednesday, 6 May 1992. 3. Computrol Closeout -Completed. 4. fewer Rate Anal -Still in process. Developing computer spreadsheet for variable rates. Water rates are also being added and evaluated. 5. Foreign Trade Zone Economic Develg~ment Grant -Public hearing set for May 5, 1992 at 7:30 p.m. Preapplication due and submitted on May 18, 1992 if authorized by the Council. 6. Complete the LID #90-1 Process -LID hearing set for May 19, 1992 at 7:00 p.m. Working to get remaining items completed by May 11, 1992. , 7. Glennfield Manor #2/ -Five funding partners in proposed solution to construct 36" pipe. The Council can also create a Local Improvement District to obtain property owner participation. 8. Chateau Meadows Subdivision/Jerihco Street -Undersized pipe. Draft letter to affected property .owners. Organize neighborhood meeting and explain situation Coordinate for schedule completion. ~ ~ . April 29, 1992 MAYOR COUNCIL MEMBERS ATTORNEY THE DEVELOPER OF THE APARTMENT COMPLEX KNOWN AS HUNTER'S GLENN HAS REQUESTED A CHANGE IN THE FINAL DEVELOPMENT PLANS FOR THE PUD TIIAT WAS GRANTED: UNDER 9-607 F -~ AI1Y CHANGE IN THE PLAS MUST BE APPROVED BY THE COUNCIL (SEE ATTACHED): ALSO ATTACHED IS A COPY OF THE CHANGES THEY ARE ASKING FOR: THIS WILL BE ON THE AGENDA FOR MAY 5, 1992: ~ACIZ PdIE~:~IAT~N CITY CLERK 9-607 • • F GENERAL REGULATIONS FOR PLANNED DEVELOPMENT 1. Planned Developments - Planned developments shall be subject to requirements set forth in the Zoning Ordinance and also subject to all provisions within this Ordinance. 2. A planned development shall not be required to contain a minimum number of acres. 3. Owners' Association - The Owners' Association Bylaws and other similar deed restrictions, which provide for the control and maintenance of all common areas, recreation facilities or open space, shall meet with the approval of the Council. 4. Issuance of Certificate of Zoning and Building Permits shall be granted only after development plan and covenants have been approved by the Council. 5. Conditions Run with Land - Any conditions attached to a Final Development Plan shall run with the land and shall not lapse or be waived as the result of any subsequent change in the tenancy or ownership of any or all said lands. Such conditions shall be deemed as requirements for the issuance of the Certificate of Occupancy for any use or structure. 6. Change of a PD - No change in the approved Final Development Plan shall be permitted without prior approval of the Council except that minor changes in the location, siting, and height of buildings and structures may be authorized by the Building Inspector as required by engineering or other circumstances not foreseen at the time of plan approval. However, no such 'minor changes' may increase the volume of any building or structure by more than ten (10) percent or increase the gross density of the PD . 7. Bonus Density - Developer is responsible for documentation of change. The following bonus densities may be granted within a Planned Development, but shall not be treated as cumulative: a. Provision for private, common open space in a PD shall be considered cause for density increases not to exceed twenty-five (25) percent; b. Character, identity, and siting variation incorporated in a PD shall be considered cause for density increases not to exceed twenty-five (25) percent. Factors which are deemed to make a substantial contribution to such character, identity and siting variation include, but are not limited to, the following: 1) Landscaping - Streetscape, open space and plaza use of existing landscape; pedestrian and bicycle ways and recreational areas; -32- • COSHO, HUMPHREY, GREENER & WELSH, P.A. LOUIS H. COSHO COUNSELORS AND ATTORNEYS AT LAW DALE CLEMONS 1911 198 HOWARD HUMPHREY ( - 3) RICHARD H. GREENER CARNEGIE BUILDING R. MICHAEL SOUTHCOMBE 815 WEST WASHINGTON STREET MACK A BEDFORD STANLEY W. WELSH MAX A. EIDEN ~ BOISE, IDAHO 83702 . OF COUNSEL RANDALL C. FREDRICKS FREDRIC~ V SHOEMAKER TELEPHONE (208) 344-7811 CHRISTOPHER BURKE OFFICE ADMINISTRATOR RORY R. JONES BUD BENTON STEPHEN J. GLEDHILL JOSEPH M. MEIER DAVID M. PENNY FAX BRIAN D. NICHOLAS Apr 11 2 8 , 19 9 2 (208) 338-3290 ROBERT W TALBOY JOSEPH W. HOLLAND KATHRYN A. STICKLEN WILLIAM M. LOOMIS CRISTY M. CONE Mayor and Members of City Council City of Meridian Meridian City Hall Meridian, Idaho 83642 Re: Hunters Glen Dear Mayor and Councilmembers: I write on behalf of Mr. and Mrs. Leavell, the owners and applicants for the Hunters Glen apartment project which the City has previously reviewed and approved. As I understand at least some of you have been informed, the Leavells have been thwarted in their efforts in obtaining financing. The asserted basis for the bank's reluctance to provide a loan for the project as originally designed is that the project rents are too high for the general market and in particular, rental rates charged by the lower income project located immediately to the south. Needless to say, the Leavells are very frustrated with the bank's position and continue to have every confidence in the ability of their project, as originally designed, to find a market and yield a profit in the City of Meridian. However, the sad reality is that without the bank's blessing and funds, the project cannot be developed. As a result, the Leavells redesigned the project to the bank's liking and the purpose of this letter is to seek the City's approval of this redesigned project. Specifically, we understand it will be necessary for the City Council to again review the project and reissue a conditional use permit. Accompanying this letter is the reconfigured concept plan for both the subject proposal, which is identified as Phase 1, and. the balance of the project to be developed to the north, identified as Phases 2 and 3, respectively; the site plan for this specific project and redrawn building plans and elevations for the apartment units and amenities. For your more ready reference, I have also enclosed a photocopy of the pertinent ~~ ~ • • Mayor and Members of City Council April 28, 1992 Page 2 portion of the appraiser's report upon which the Leavells' bank has in large part premised its decision. The significant changes in the project are as follows: 1. The number of units has been increased from 40 to 44 units. 2. The square footage of each unit has been reduced from 1,093 to 945 square feet (although the handicapped units remain identical). 3. The projected average rents for the units have been reduced from $650.00 per month to $530.00 per month. 4. The site is slightly in excess of three acres and the density obviously increases slightly. This is an R-15 zone which limits density to 15 units per acre, such that the density of the project with 44 units still satisfies the ordinance. 5. The location of the laundry facilities has been changed to the northwest corner of Phase 1 and the laundry facilities have been enlarged. 6. The street flow has actually been improved with the width of the street bisecting the development from north to south through the westerly portion of Phase 1 been increased from 24 feet to 30 feet. 7. The gazebo, approximately 14'x14', has been removed from Phase 1. The Leavells still intend to construct a swimming pool which will be located near the center of the development on the southerly portion of what is identified as Phase 2 in the concept plan. 8. The design and exterior elevations of the buildings remain essentially the same except the trim has been changed from brick to stucco. In sum, the project still represents a first class development, is superior to the apartment complexes in the vicinity and is an enhancing, positive contribution to the City in general, as well as its tax base. • • Mayor and Members of City Council April 28, 1992 Page 3 We ask that the City Council approve the project, as revised, and issue its conditional use permit accordingly. Thank you. FVS/slr o rs v truly, e ri V. Shoemaker cc Bob Donovan Mr. & Mrs. Bill Leavell ~,. r, OR1. ~ /f~1.~ fllVll.I ~ F~v~r ~vr • e r eK V pp _~ ~~ ~~ ~~~ ~ ~t~ ~~ t ~ ~~: ~~ ~: ~! ~#. ;r~ f~ ~f~ i `~ ~~. i i ~ ~ ~ ~~ rrr ~ ~rM ~~ ~ ft ~~ ~~ ~~ t~ ~` E ~ ~~ ~~ ~ ~~ .r ' r i i tt- ~r ~rr t~ r f <~ o ~ !r k rF [E- R to f ~ ~~I 1 !~ I~""""~~~ ~ ~ ioc~rs ts,~~ ~~ ~~ ~~ ~~ O~ ~~ bm ~~ ~~ ~~ ~~ O ~~ ~~ ~~ ~~ ~~ • I ~a m m 0 wry s rr~-~ rZ v~ct LJ '~3 O N d O y C O y O 1~~~-t ~~~ ~~. G.N~ • O ATT.T. .4r I,UCTT.F I,F,AVFl.I .. J, - ~_ ~ - ~ .. ~~ : r • • INTERIM SUNiMAR ON PROPOSEDOHUNTER GLEN APARTMENTS IBILI'1'Y ANAL MERIDIAN, IDAHO Based upon market investigations, the proposed development of the subject property raises numerous questions'as to its initial and continued economic viability; in short, ~o ~ this tYPe of development represent the Highest and Best Use? There are several paradoxes found in the present marketplace; some of there is apparent renter which originate in the Boise market. For instance, the project design demand; there are no similar projects in Meridian; incorporates many desirable tenant amenities from garages to washer/dryer hook-ups to the more unique townhouse design; the sin is f ossiblejtha the well appeal to tenants desiring a smaller project; and p location will provide another alternative for those employed in west Boise. Conversely, the renter demand in Meridian is currently center subs dined mid-income levels; the two projects abutting the subject are bo (Farm Home and Section 8) and managers state there a tiall be~eon~~ er problems; as proposed the room layout of the units. with ess y bedrooms and baths will appeal only to a small segment of the market reles r pool (less demand would be found with families, seniors and uld have numerous considerations would dictate that a Bni additiono theo subject's preferential demand to a Meridian location. neighborhood is mature with modest residential uses, suggesting no inhe rel t prestige to draw upper income tenants. Access is circuitous, which seve y limits drive-by exposure, a very critical consideration in leasing. and the complex will not be within easy walking to shopping. The subject is a "pioneering" upper-erid project in a community devoid of at best. such and a location blatantly demanding mid-income imaroveemn t a prudent Since any pioneering project is inherently a more risky u g developer considering this type of project would want to minimize that risk by REAL E GIN APARTMENTS GMERIDIAN, ID ff o NPG NO? 1 HUNTER • _ making sure controllable factors (location, design commensurate with probable income generation, etc.) do not increase this risk. In conjunction with the market investigations, it was observed that while overall vacancy levels are very low, it appears that caution is prudent in the upper-end rental market ($600/month and up) and the subject's location in particular. All managers surveyed concurred that renters now have much greater latitude with alternatives; and the roll-over in the upper level rental range is significant. Finally, three bedroom houses in Meridian are renting for, around $600-$650. The monthly PITI on an $80,000 residence, 90% loan, would be less than $650/month; again, demonstrating alternatives for renters within the subject's market pool strata. The subject's pro forma projects rents fora 2 bdrm/2-1/2 bath, 1,093 sf unit, at $655/month. Market investigations of west Boise projects which might be considered substitutable options produced the following: ID~lras-/lBnt~ 1. rims 1800 N. Cole 2/2 2. ~ 8650 RiIIeman 2/2 3. Sobblestone 2/1-1/2 223 S. Phillippi 4. Whistler Point 2/2 Lakeharbor ~~ .L~ ~4ae~ct ~eunl+~~es 922 $600-$650 288 units, clubhse. spa, Ughted tennis. pool, racketball, wt. room, etc. gg5 $615 120 units, pool, spa, lighted tennis, pool, racgetball, weight room, etc. 1040 $595 29 units, no additional protect amenities. Garage at $50/month. 1000 $600-$675 185 units. lake frontage, pool, exercise room. clubhouse. After review of only these limited number of substitutes (although numerous other projects were also investigated), it should be evident that the subject will REAL ESTATE CONSULTING GROUP, INC. • FILE N0.91-277 HUNTER GLEN APARTMENTS • MERIDIAN, IDAHO • PG NO. 2 • • all located in superior face a rather stiff degree of competitively priced units; areas and have covered parking as well as unit amenities which would offset some of the subject's additional size and bathrooms. Projects in prestigious locations such as Highland Springs (Highlands), Cottonwoods (River Run), and others show rental rates from $650-$800/month; however, d e sin 1 their objectively consider these to be substitutable options when ad g location, unit and project amenities. Functionally, any apartment development attempts to achieve the highest rent at the lowest actual cost/sf; and from review of over 100 $oise developments, they over-riding criteria for income generation is number of roductivi , an additional bedrooms. ~vo bedroom units achieve maximum Pal er month; and a garage bath appears to generate between $10 $20 add p achieves from $50-$65 month in extra reveonue. At a ~ ~onoa' soss $3,50/bathroom, a return of around 3.5% - 6.9 /o is realiz d. Gara es do not revenue basis avalue-addition of $1,200-$2,400 is prod g ect, or anticipate in the appear to have the demand one might normally exp subject's proposed rent range; however, they do generate between $t mated additional per month, when occupied. Construction costs are e around $4,500. From a gross revenue basis a value addition of $5,00 a~6,o 00 is produced; although, again, the caveat is one of demand. Generally, p j might afford garages in up to half the total units in the Project. he sub ect's construction bid on the total project is about $1,700,000; T j about $1,772,000 with all financing costs considered. Using the subject spro- forma estimates of revenue and expenses would indicate an NOI of $234,753. uilibrium income Using a 12.5% recapture on the $1,700,000 indicates an eq requirement of $212,500 ($221,500 with inclusion of X11 costs). This indicates the undertaking would be feasible. erience, however, that the subject's pro forma expenses It has been my exp should prudently consider: A reserve account at around 3% Effective Gross REAL ESTA ~ADaS M~ GMERIDIIAN, IDAHO NPG NO 73 HUnrr'ER GLE .:. • Income (EGI). off-site management, at around 3% EGI, and so ese catedories to for miscellaneous expense, at around 1% EGI. Inclusion of th g those proposed in the pro forma develop an NOI of about, $213,800; suggesting only marginal feasibility excluding financing costs; and non-feasibility when considering all costs. The above sceriarios, I believe, depict the most optimal positions of the market - from a probable optimistic potential revenue. to an optimistic vacancy/collection estimate, to optimistic expense estimations. Recalling that a closely paralleling substitute in the Boise market can range erha s i oring prudent anticipations by viewing a between $600-$650; and p p ~ trade-off between respective projects but acknowledging inherent superties ffor location in Boise, and in specific superior neighborhood locationan~q s s: the ~ubsritutes, a rental rate of $600/month will be utilized fo y 288,000 Potential Gross Income: $600 x 40 units x 12 mo ~ 14.4491 less: Vacancy/Collection ®5% .. $ 273,600 Effective Gross Income ( 8 ,1001 Expenses from pro forma and above estimates ~ $ 190,500 NOI ' the project becomes economically At a mere 8% diminution in revenue, unviable. Again. the estimate of $600/mo/unit may well prove optimal for the to escalate to an estimated subject's neighborhood; howeve~e e~o~ acuteanl'he substitutable alternatives 10% range, the diminution beco to the subject used herein are newer developments; and it should be enerate a the subject's incremental size difference should not be expected to g continuous rate of $0.50-$0.60/sf/mo for its size difference ect d t offs t slightly newer, slightly larger unit should not prudently be exp superior in-project amenities nor location. REAL ESTATE APARTMTENTS GMERIDIIAN, I AHO NPG NO 74 HUNTER GLEN • • A pioneering project such as the subject should judiciously attempt to minimize risk by: requiring a good location -which the proposed property is not; and for the upper-end rental market have in-project amenities which frankly the subject would be ludicrous to supply in its proposed location. In the final analysis, were several inter-related scenarios to occur: Rents of $600/mo, vacancy and collection at only 5%, and a 30% expense ratio, the subject would achieve a value indication between $1,750,000 - $1,900,000. Were the subject's location, however, to cause higher vacancy, and, perhaps even lower rents than the $600/month estimated, and as supply/demand attain a closer semblance to equilibrium, combinations of functional and external obsolescence would place the project's potential well below $1.7 million. I believe that these factors would eventuate. negatively influencing the subject's potential, within a typical holding period. In summary, it is my opinion that the proposed development has a poor location inconsistent with generating rental rates necessary to justify its costs. I believe that by not distinguishing the locational limitations leads to a very optimistic developer's pro forma; and estimates contained within such may never be achieved through the typical holding period. Ultimately, rental income will be at a level where economic viability is iiot evidenced. It seems foolish to take such a risk when a superior location can be readily found; a location offering such a development prestige and off-site amenities. The subject site can just as easily be improved with amid-income, or lower, complex which is much more fitting to the neighborhood. REAL ESTATE CONSULTING GROUP, INC. • FILE N0.91-277 HUNTER GLENAPARTMENTS • MERIDIAN, IDANO • PG NO. S