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05-18-92 agenda CITY OF RICHFIELD • MONDAY, MAY 18, 1992 HOUSING AND REDEVELOPMENT AUTHORITY 7:00 P.M. COUNCIL CHAMBERS AGENDA CALL TO ORDER APPROVAL OF MINUTES OF REGULAR HRA MEETING OF APRIL 20, 1992 1. OPPORTUNITY FOR CITIZENS TO ADDRESS THE HRA ON ITEMS NOT ON THE AGENDA 2. CONSIDERATION OF PROJECT REVIEW AND DISCUSSION RELATED TO V0- TECH COMPONENT OF NEW HOME PROGRAM • HRA LETTER NO. 16 3. CONSIDERATION OF RESOLUTION RELATING TO AMENDING VO-TECH CONSTRUCTION AGREEMENTS FOR 7528 COLFAX, 6803 NICOLLET AND 6318 NICOLLET AVENUES HRA LETTER NO. 17 4. EXECUTIVE DIRECTOR REPORT 5. CLAIMS AND PAYROLL ADJOURNMENT • +t . HOUSING AND,REDEVELOPMENT AUTHORITY HRA Letter No. 17 Agenda May 18, 1992 Issue Statement: Authorization to modify Vo-Tech contracts for 7528 Colfax, 6803 Nicollet and 6318 Nicollet Avenues by extending the project completion, payment dates and contract price. Background: The HRA authorized contracts with South Hennepin Vocational Technical College (Vo-Tech) to initiate projects at the referenced properties. The 7528 Colfax project was authorized in November 1990, and the Nicollet Avenue projects were authorized in June 1991. Each year, the Vo-Tech school initiates three new construction projects. Two projects are initiated under contract with the HRA; an on-campus project which is later moved to a Richfield site and anon-site construction project. The third project is built on campus and sold to a private party. The 6318 Nicollet project is an additional remodel project initiated by the HRA to solve a neighborhood housing problem. Remodeling work occurs while the regular construction projects proceed. To coordinate with the curriculum schedule and training objectives, projects are typically completed over approximately an 18 month period. The construction projects span two separate class years of students, requiring a significant amount of on- campus training to be qualified to build for the HRA. Student work is split between classroom, on-campus construction projects and on-site construction projects. During the past year the Vo-Tech school has undergone three major changes: 1. A move to a quarter system which coincides with other community colleges. 2. A move to a course credit system. 3. The discontinuation of the painting and decorating program which completed the interior and exterior painting and staining. The transition to the quarter and course credit system has somewhat reduced Vo-Tech's program flexibility. Work on projects must now correlate with a more rigid curriculum schedule. The projects at 7528 Colfax, 6803 Nicollet and 6318 Nicollet were initiated prior to these changes and are being impacted. The anticipated construction schedule for these projects must be adjusted. It appears Vo-Tech was overly optimistic in • anticipating being able to complete new construction projects in 14 months and, at the special request of the HRA, take on the remodeling project at 6318 Nicollet. • Short term, Vo-Tech has submitted revised construction schedules to facilitate timely completion of the projects (see Exhibit A). The added time approximates five months each. Overall, 7528 Colfax will take 21 months. The projects on Nicollet will take 19 months each. Vo-Tech is confident in their ability to meet the revised schedule. In each instance, exterior work is receiving attention first. Long term, Vo-Tech is considering the elimination of the on- campus 1992-93 project to be sold to a private party. The elimination of this project during the next year would allow Vo- Tech more time to concentrate on the existing Richfield projects and resume a more normal schedule in 1993 and 1994. Exhibit B indicates the normal Vo-Tech schedule on a quarterly basis. Contract modifications to increase the contract price for 7528 Colfax, 6803 Nicollet and 6318 Nicollet are also requested. Staff is very cautious about considering contract price adjustments. However, the following additional expenses clearly represent costs incurred beyond the direct control of Vo-Tech: 7528 Colfax Interior & Exterior $3,706 Painting & Staining 6803 Nicollet Concrete forms ($900) $1,020 Underground electric ($120) 6318 Nicollet Underground electric $ 190 The project at 7528 Colfax was initiated prior to the elimination of the painting and decorating program. The bid reflected all taping, sanding, staining, varnishing and interior and exterior painting to be completed by students. Although students were able to complete a portion of the work prior to the end of the painting program, it is necessary to hire a subcontractor to complete the project. The contract bids for 6803 and 6318 Nicollet anticipated the possible elimination of the painting program. Costs for hiring a subcontractor were included for these projects. Vo-Tech often uses a poured concrete foundation rather than concrete block. This provides a high quality foundation and varied training experience for students. Special forms, used to pour concrete foundation walls, are rented by the Vo-Tech for each project. The HRA purchased the property at 6803 Nicollet Avenue from US West Communications. The complexity of having to deal with the US West corporate office in Colorado delayed the property closing beyond the anticipated project start date. Consequently, Vo-Tech was required to extend the rental of the concrete forms by two weeks. The additional cost to Vo-Tech for • the forms was $1,800. The HRA is requested to pay half; $900. • Underground electrical service was requested by staff after project start for both 6803 Nicollet and 6318 Nicollet. When installing a new electrical service, the cost for underground service is minimal. Given the location of the utility poles and the wire path to the homes, underground services were recommended at both projects. The present and proposed completion dates, payment dates and contract prices are identified on the attached summary of contract modifications, Exhibit C. Changes in construction schedules and contract prices, although not typical, have occurred before. Staff is always very concerned about keeping Vo-Tech projects on schedule. However, a reasonable amount of flexibility is necessary to facilitate a working relationship between the HRA and Vo-Tech. Staff will continue to monitor the projects closely. Staff is also of the opinion that there is no better alternative to securing such well built affordable housing. Recommended Motion: Adopt the attached resolution authorizing: 1. A change in completion dates for projects at 7528 Colfax Avenue, 6803 Nicollet Avenue and 6318 Nicollet Avenue to August 28, 1992, December 23, 1992 and December 23, 1992, • respectively. 2. A change in payment dates for projects at 7528 Colfax Avenue, 6803 Nicollet Avenue and 6318 Nicollet Avenue to September 28, 1992, January 23, 1993 and January 23, 1993, respectively. 3. A change in the contract price for 7528 Colfax, 6803 Nicollet and 6318 Nicollet to $65,213, $63,840, and $38,951, respectively. Basis of Recommendation: 1. A change in the Vo-Tech curriculum schedule during 1991 altered the construction schedules for the three projects. 2. Vo-Tech has submitted revised construction schedules to facilitate completion of the projects in a timely manner. 3. The elimination of the painting and decorating program required the hiring of additional subcontractors at a higher cost; impacting the cost of 7528 Colfax. 4. Vo-Tech used their best efforts to provide accurate price estimates. 5. The increased expenses at these projects can be accommodated from proceeds of sale of the completed dwelling(s). Alternative Recommendation: • Do not authorize contract modifications. Vo-Tech does not have the capacity to complete the projects within the original timeframe. The use of a private contractor to complete the projects would be the alternative. This would significantly increase total project costs and consume considerable time to switch from Vo-Tech to a private contractor. Discussion/Decision Mode: Contract changes, if acceptable to the HRA, will then be referred to the school district for final action. Dave Smith, Chair of the Vo-Tech Building Trades Curriculum will be available at the HRA meeting to discuss the Vo-Tech projects. Respect ly submitted, Jame Prosser Exec t ve Director JDP:ds • RESOLUTION NO. 49 RESOLUTION RELATING TO AMENDING VO-TECH CONSTRUCTION AGREEMENTS 7528 COLFAX, 6803 NICOLLET AND 6318 NICOLLET AVENUES WHEREAS, the Housing and Redevelopment Authority (HRA) in and for the City of Richfield has entered into contracts with South Hennepin Technical College (Vo-Tech); and WHEREAS, projects were authorized for 7528 Colfax Avenue, 6803 Nicollet Avenue and 6318 Nicollet Avenue; and WHEREAS, the HRA has determined that it is appropriate to amend the three agreements as they relate to the date of completion and payment of work; and WHEREAS, the HRA has determined that it is appropriate to amend the three contracts to increase the contract price. NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota as follows: 1. Change the completion dates for projects at 7528 Colfax, 6803 Nicollet, and 6318 Nicollet Avenue to August 28, 1992, December 23, 1992 and December 23, 1992 respectively. 2. Change the payment dates for projects at 7528 Colfax, 6803 Nicollet and 6318 Nicollet Avenue to September 28, 1992, January 23, 1993 and January 23, 1993, respectively. 3. Change the contract amount for 7528 Colfax, 6803 Nicollet and 6318 Nicollet to $65,213, $63,840, and $38,951, respectively. Passed by the Housing and Redevelopment Authority in and for the City of Richfield, this 18th day of May, 1992. Thomas E. Harms, Chairperson ATTEST: Joan Helmberger, Secretary Exhibit A • Approximate Vo-Tech Project Schedule L? 0 7528 Colfax Interior and exterior finishing May 6 - August 28, 1992 and painting, Concrete work; steps, deck footing, garage floor Driveway installation Finishing work and project completion August 28, 1992 6803 Nicollet Exterior and interior finishing and painting, Concrete work; steps, deck footings, basement floor, window area well Interior insulation & drywall Finishing work and project completion 6318 Nicollet Replace windows, frame garage, re-roof house, concrete work; footings, garage floor, steps install new cedar siding, paint exterior, paint exterior, heating and plumbing work Finishing work and project completion may 1 - July 1, 1992 May 26 - November 2, 1992 December 23, 1992 June 8 - Nov. 1, 1992 December 23, 1992 Exhibit B Preliminary 1992-93 Vo-Tech Curriculum Schedule • As indicated on this schedule, students are available to work on site in Richfield during specified periods and are required to be on campus during specified periods. Fall Quarter On campus to build house (secondary project) Sept. 1 - Oct. 30, 1992 Work on on-site construction project in Richfield Quarter Break Winter Quarter Work on on-site construction project in Richfield Holiday Break On Campus for classes and work on secondary project Richfield on-site Quarter Break Spring Quarter On campus for classes March 15 - April 2, 1992 and work on secondary projects Easter Break April 5 - April 9, 1993 Nov. 1 - Nov. 25, 1992 Nov. 26 - Dec. 4, 1992 Dec. 7 - Dec. 23, 1992 Dec. 24 - Jan. 1, 1993 Jan. 4 - Feb. 5, 1993 Feb. 8 - March 5, 1993 March 8 - March 12, 1993 On campus for classes April 12 - April 23, 1993 and work on secondary projects Richfield on-site April 26 - June 10, 1993 Summer Ouarter on campus for classes June 14 - June 25, 1993 and work on secondary project 0 rO +) W o U -ri A A W • 0 W 0 N H U N W N A O x H R U W H I O D A W O I%$ O a a co t0 O M O 1-4 O k U H 10 10 Q 4-) -ri N CO O O N % • $I O a In M OD W U %0 ?0 M 4-) i, n O O U N O v ?o N to U In co n to ?I •ri • • N 4-) W r-I N co $4 O W %0 %0 M 040 iR U -- -- -- - - -- -- -- - - -- -- -- -- N M CO ON O% ON b o0 N w O O N N O O - o Q a ° h h as c n N N N ON ON G% r-i r-I r i NNO M 4) c0 4 +; M A a a a a a i a i ? -- -- -- - cn - -- -- -- - m - -- -- -- -- N N N rO O O O d-) N N N Q r-I 0 0040 . a o U -- -- -- - A - -- -- -- - A - -- -- -- -- N N N - ON 01 O - - .N •ri O P O r-I (1) IV 4-) M r--I .-I O r-I f0 a?aA a o t; t; U E -- -- -- - a - -- -- -- - a - -- -- -- -- +-) W o 0 r-I U U O •ri •ri u z z OD M co N O r•I LO co M E- %0 10 • HOUSING AND REDEVELOPMENT AUTHORITY HRA Letter No. 16 Agenda May 18, 1992 Issue Statement: Project review and discussion related to the,Vo-Tech component of the New Home Program. Background: At the March 16, 1992 HRA meeting, the Commissioners discussed several aspects of the Vo-Tech projects. The following information discusses cost-benefit, housing design, handicapped accessibility, toxicity of building materials, construction schedules and project marketing. 1. Cost-Benefit Analysis A comparison of cost per finished square foot was made between new single-family homes built by private builders from 1988 to present, and Vo-Tech projects completed in the same time period. The comparison is based on sales price and finished square footage and indicates the following: ? Private Contractor average cost/square foot $92 ? Vo-Tech average cost/square foot $59 • (Refer to Tables 1 and 2 attached to this letter.) Although style, layout, interior features and quality of construction make a house by house comparison difficult, the substantially lower cost per square foot for Vo-Tech projects can largely be attributed to: ? No labor cost for carpentry work including framing, cabinetry, roofing, dry wall and concrete work. Only material costs are charged. ? No profit is made by the Vo-Tech. A private builder typically seeks a 12$-15* profit margin and additional general contracting fees. A low project cost is critical to making the Vo-Tech projects successful. To be affordable to the first-time buyer market, initial sale prices (downpayment and first mortgage) must be kept between approximately.$75,000 and $85,000. The initial sales price must cover the HRA's project costs (the Vo-Tech contract and HRA construction costs). An increase in project costs would require an increase in the initial sale price and essentially price the homes out of the first time buyer market. • The following summarizes other benefits of working with Vo- Tech: ? The quality and workmanship of Vo-Tech products is equal to or better than the private builders product. Oak trim, built-in linen and storage closets, generous use of windows, sky lights, two bathrooms, three and four bedrooms and exterior decks are standard features in Vo-Tech projects. These features are not commonly found in first-time buyer or starter homes priced in the range of $85,000-$100,000, built by private builders. ? Private builders sense an unacceptable level of risk when working within a first-time buyer program which requires narrow income and house price limits. These types of projects directly impact their holding expenses and net profit. ? The Vo'-Tech does not face similar constraints. Vo- Tech benefits from unique field construction opportunities. Waiting for contract payment during a lengthy construction period and the HRA's completion of marketing is an acceptable risk to them. ? The HRA has maintained an exclusive relationship with • Vo-Tech which ensures their continuous availability for Richfield projects. ? The HRA risk is minimized when working with Vo-Tech. Vo-Tech has ample working capital, provides interim construction financing without cost, is fully and comprehensively insured, and the quality of work and performance ability have been proven. 2. Home Design Many factors are taken into consideration in the design of a Vo-Tech project: lot size, existing grade, neighborhood characteristics, project type, (on-campus or on-site construction), and desired end value. A split entry design has many benefits and has been the best design choice for several projects. A split entry design: ? Provides more square footage at less cost than a two story or rambler design. ? Is easily relocated from the Vo-Tech Campus. The portion of the structure built on campus is initially the height of a one-story building. Story and a half homes and two story homes are substantially more costly to relocate. . ? Provides options for unfinished expansion space. This helps keep the cost and house price down. ? Has a finished height equivalent to a story and a half house. The height is similar in scale to existing Richfield neighborhoods. The design, although less typical for established neighborhoods, is often the design demanded most by the market place. ? Adapts well to site irregularities such as sloped and uneven grades. The project at 6321 Morgan is an example of a design which accommodates a very difficult uneven grade. The house has been placed on the site without changing the terrain and affecting established storm water drainage. 3. Handicapped Accessibility Developing a handicapped accessible single-family home is an interesting project. The HRA developed one in 1979 as part of the New Home Program in cooperation with a private contractor. At that time, state building codes were also becoming quite specific about the unique features and special equipment which should be included. Special hardware, doors, counters, room dimensions, and location of services are prescribed. There are several factors to consider: ? Completed projects sold to first-time buyers must meet certain family size and income limits. Serving a handicapped household narrows the market further, making • the project challenging to sell. ? Designing a new program element that serves a handicapped market would require staff time for program research and house design. ? Accessible homes require special building design and materials which are more costly then standard construction. ? Vo-Tech could provide a less costly product than the private market. However, the design and material requirements would add considerable time to implementing a project. ? The market demand is thought to be small and specialized. 4. Toxicity of Building Materials A variety of chemicals may be irritating to certain individuals in home environments. Formaldehyde is the product that air quality specialists are concerned about. Formaldehyde is commonly used in the bonding of building materials such as fiber board used in cabinetry and wafer- board used for subflooring. The use of these materials is preferred over solid wood products because they are less expensive, more consistent in quality, and less subject to warping. Since 1985, HUD has imposed regulations limiting the amount of formaldehyde that can be emitted from building materials. The level established by these..guidelines is felt to be safe for the majority of people. Persons who are ultra sensitive to formaldehyde may still experience some effect at this level. Sealing building materials with stain, varnish or melamine polyester types of finishes eliminates the hazards of formaldehyde. The Vo-Tech has just begun using melamine finishes in their cabinetry. Further mitigation of formaldehyde can be achieved by continued use of melamine finish and sealing any exposed fiber board surfaces. An Oxboard brand subflooring product is available which is manufactured using a minimal amount of formaldehyde; 1/10 of one part per million as opposed to 1/4 of one part per million which is common in comparable products. This product is similar in price to standard subflooring products which contain higher concentrations of formaldehyde. The Vo-Tech has been directed to use the Oxboard brand product exclusively for subflooring in all future projects. The use of formaldehyde is also common in carpet, carpet padding and furniture. These materials are selected by the buyers. Cost effective alternatives are not readily available. 5. Vo-Tech Construction Schedule Each year, the Vo-Tech school initiates three new construction projects. Two projects are initiated under contract with the HRA; an on-campus project which is later moved to a Richfield site and an on-site construction project. The third project is built on campus and sold to a private party. To coordinate with the curriculum schedule and training objectives, projects are typically completed over an 18-24 month period. With the completion of 6321 Morgan, the Vo-Tech is currently working on four projects for the HRA; 7528 Colfax, 6803 Nicollet, 6501 15th Avenue and 6318 Nicollet. The 6318 Nicollet project is a special remodel project initiated by the HRA to solve a neighborhood housing problem. Remodeling work coincides with the other regular new construction projects. In the 1992-93 school year, Vo-Tech is considering the elimination of the on-campus project to be sold to a private party. This would allow Vo-Tech more time to concentrate on the existing Richfield projects. 6. Marketing Although not specifically referenced at the March meeting, marketing is another project element which staff considered in its analysis. The following factors influence the marketing of homes: • A. Qualifying Requirements The New Home Program is directed at a narrow market. Eligible buyers must meet all of the following requirements: ? first-time buyers; ? $3,500 - $5,000 available for down payment; ? approximately $2,500 available for closing costs; ? low fixed monthly debt; and ? meet income and family size limits (80% of the Twin City metropolitan area median income). Approx. -Maximum Family Size Minimum Income 3 $29,000 to $34,200 4 $29,000 to $38,000 5 $29,000 to $41,050 6 $29,000 to $44,100 B. Timing of Mortgage Lock-in Buyers in this income range are usually purchasing at their maximum potential. A quarter of a percentage point on the first mortgage can often be the difference between qualifying and not qualifying. The standard "lock-in" period which secures the interest rate is 60 days. An extended lock-in period can be purchased, but most buyers are not able to afford this. A 60 day lock- in means that from the time a buyer is prequalified, the closing must occur within 60 days. Therefore, the house needs to be nearly 100% completed prior to marketing. Recommended Motion: Continue the Vo-Tech component of the New Home Program as designed. Basis of Recommendation: 1. Projects developed by Vo-Tech are cost effective and provide a high level of quality. 2. Homes developed by the Vo-Tech are carefully designed to provide functional and desirable family living space and an attractive appearance which blends with the surrounding homes. 3. Vo-Tech has the capability to construct special projects such as super insulated homes and handicap accessible homes if directed to do so. 4. Staff has instructed Vo-Tech to use building materials with low toxicity levels whenever possible. 5. Staff continues to monitor the Vo-Tech construction schedules and work with Vo-Tech to assure timely completion of projects. 6. Staff makes every effort to market homes and locate qualified buyers as soon as possible following project completion. Alternative-Recommendation: Discontinue the Vo-Tech component of the New Home Program. Discussion/Decision Mode: Preliminary plans are being developed to initiate two projects in the 1992-93 school year. By that time, the project on Colfax will be close to completion. The two projects on Nicollet will be completed prior to the end of 1992. submitted, James D Prosser Execu a Director JDP:ds LJ 0 TABLE 1 Evaluation of Building Costs Privately Constructed New Homes, 1988 to Present Cost per Total Finished* Finished Builder Address Sales Price Sq. Ft. esq. Ft. Oksness 6824 13th Avenue $139,000.00 1,104 $125 Oksness. 6828 13th Avenue $126,350.00 1,118 $113 Rich/Merv Cons 7509 Wentworth $126,800.00 1,532 $ 82 Okness 601 East 79th $ 90,000.00 1,164 $ 77 (Tow nhouse) Oksness 605 East 79th $ 98,000.00 1,164 $ 84 (Townhouse) Gunderson 6926 James $118,000.00 1,111 $106 Gunderson 6841 Newton $165,000.00 1,948 $ 84 Rogers 1312 Diagonal Blvd $130,000.00 1,222 $115 Marv Anderson 7320 Fifth Avenue $127,780.00 1,660 $ 76 • Marv Anderson 7223 James Avenue $137,246.00 1,610 $ 85 Marv Anderson 7145 James Avenue $138,295.00. 1,640 $ 84 Marv Anderson 6809 Logan Avenue $289,948.00 2,700 $107 Marv Anderson 6518 15th Avenue $ 85,000.00 816 $104 Marv Anderson 1016 Mildred Dr $103,500.00 1,159 $ 89 Marv Anderson 1020 Mildred Dr $110,000.00 1,472 $ 75 Marv Anderson 6424 James Avenue $115,600.00 1,499 $ 77 RSM 6401 Bloomington $108,488.00 111,104 $ 98 RSM 7129 First Avenue $101,900.00 1,350 75 Average cost per square foot $ 92 *Square footage information represents finished living space only. 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