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Daniel Rosemond <daniel@etwdc.org> <br />to Jennifer, Corey, Chuck, Maria, bcc: me <br />Dec 16, 2021, 10:09 <br />AM <br />HI Jennifer, <br />I want to begin by thanking you for putting together the Zoom call last Friday with the Selection <br />Committee. I believe it was a productive conversation and allowed both sides to share their <br />perspective. That said, the following are the salient points expressed by the Committee, along <br />with our team's suggested strategy to overcome them: <br />Total # of units less than what was projected in RFP <br />Our proposal reflects 17 SFD units, while the RFP indicates 22 units. The site plan included in our <br />proposal reflects the lot sizes compatible with County codes, and accommodates a roundabout of <br />sufficient radius for emergency vehicles. We have received and reviewed the Boundary Survey <br />you provided. The size of the lot reflected in the Survey is the same as what our architect used to <br />develop the site plan. <br />think there are a couple of ways we can approach this: <br />1) Share with us the site plan drawings of the County's Engineer or Planner that was used to <br />inform the RFP (projecting 22 SFD units) <br />2) Once awarded the DA, our team can work with the County Planner to determine if lot sizes can <br />be reduced to accommodate more units, or confirm that Townhouses would be an acceptable <br />residential development option for the site <br />Ultimately, our team shares the objective of the Selection Committee to develop the <br />maximum allowable density (total units) on the site to gain economies of scale. <br />Price Points of new residential units <br />The Committee expressed a desire to see sales prices of the units be in the range of mid -to high <br />$200's. While a tall order (considering the rising costs of residential development over the past 12 <br />months), we believe this can be achieved. The following strategies would need to be employed: <br />. Indian River County to cover full costs of infrastructure development <br />The projected costs of the infrastructure for this project is $835k. The County has <br />indicated an allocation of $350k in American Rescue Plan Funds toward this <br />project. With the Selection Committee's recommendation, a request for additional funding (from <br />either ARP, or even CDBG Funds) to cover the gap would address the cost of the <br />infrastructure, thus reducing the total residential development budget. <br />2 <br />14( A -Z <br />