The Workforce Housing Commission has been working with representatives from the Developers Collaborative and Portland Builders on the Woods Road project. A project update will be presented by Commission representatives. Feedback from the Council is encouraged to ensure that the project is proceeding in accordance with the Council's wishes.
Attached are four documents: 1. Executive Summary - This is a 3-page summary identifying key aspects of project and potential elements of a Town-Developer Agreement. 2. Concept Site Plan - This is a 1-page
illustration of a Concept Site Plan. 3. PowerPoint - This is a 5-page PowerPoint, which will be presented by Commissioner Graffam. It shows, besides the site plan, some architectural renderings. 4. Background Information - This is a 25-page packet which contains a lot of detailed information. Its content is as follows (DC = Developers
Collaborative Source. Town = Town Source):
- Basic Design Parameters (DC)
- Keys to Affordability (DC)
- Layering in public funding sources (DC)
- What is affordable at 80-120% AMI? (DC)
- Proposed Affordability Matrix (DC)
- Maintaining Affordability (DC)
- Potential Subsidy Sources and Income Guidelines (DC)
- Preliminary Financial Analysis (DC)
- Subdivision Analysis (DC)
- TIF Income by Year (DC)
- Stabilized Period TIF by Year (DC)
- Estimated Annual Operating Costs (Town)
- Site Plan Ordinance Review (DC)
- Stormwater Review (DC)
- Site Plan Ordinance Meeting Notes (DC)
- Vernal Pool Memo (Town)
- Town Salary Compilation (Town)
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