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ROLLOW SUBDIVISIONHousing America CorporationBy Irma E. Myers, Executive DirectorPROJECT OVERVIEW
Land AcquisitionEngineer to develop a preliminary platLand Dev. Committee and Board of DirectorsPreliminary Pro Forma base...
FIRST PLANSHORT TERM GOALS                    Develop Infrastructure     Sell lots;                    169 lots           ...
ESTIMATED DEVELOPMENT COSTInfrastructure         $2,462,394Landscaping            $   145,370Permits and Fees       $    7...
ROLLOW’S                             FEASIBILITY ANALYSIS   Land   Land                          Rollow’s                 ...
Housing Assistance Council – Submitted anapplication on December 2010Wells Fargo Line of Credit (on hand)RCAC (potential s...
   USDA Rural Development Section 502 and 523 -- in jeopardy!!   Uncertainty on the Self Help programs   Census 2010 Re...
   P&Z reviewed the Plans and specifications for the Subdivision   The project was placed on hold with the CityMajor con...
PROJECT GOALS (Rev) Land Dev. Committee recommended to the   Board:   Reduce Subdivision to 149 lots   Dedicate 4.33 acres...
ISSUES AND NEGOTIATIONS WITHMUNICIPALITYDeveloped (4) separated plats to satisfythe municipality (back and forth)Final App...
   Change Primary Engineer   Timeline changes   Negotiations with the City   Dealing with NIMBY Neighbors (MF’s)   Sp...
   Be persistent, believe in your    project   Sale your project   Hold more Land Dev. Meetings   Project Timeline Rev...
A8 construction management   irma myers - housing america corp
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A8 construction management irma myers - housing america corp

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Rising building material costs and energy efficient construction
requirements make cost estimating and managing your project’s scope of
work and required inspections more important than ever. This session will
provide guidance in estimating project costs, managing the construction
process, and coordinating your project scope with important scheduling
activities.

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A8 construction management irma myers - housing america corp

  1. 1. ROLLOW SUBDIVISIONHousing America CorporationBy Irma E. Myers, Executive DirectorPROJECT OVERVIEW
  2. 2. Land AcquisitionEngineer to develop a preliminary platLand Dev. Committee and Board of DirectorsPreliminary Pro Forma based on previous projects costsDevelop a Project Time LineID potential financial sources for Pre-Dev. cost as well infrastructure Dev. Cost
  3. 3. FIRST PLANSHORT TERM GOALS Develop Infrastructure Sell lots; 169 lots pay back Loans - Rollow’s land (April 2011- March 2012) ID Financial acquisition and infrastructure Resources Dec-Feb 2011
  4. 4. ESTIMATED DEVELOPMENT COSTInfrastructure $2,462,394Landscaping $ 145,370Permits and Fees $ 7,748Engineering Services $ 80,846Block Wall $ 180,000SW GAS $ 168,000APS (Estimate) $ 386,400Contingency $ 75,000 ESTIMATED TDC $3,505,778
  5. 5. ROLLOW’S FEASIBILITY ANALYSIS Land Land Rollow’s Rollow’s Acquisiti Acquisiti Total Total on on 39.6 acres 39.6 acres TEDC TEDC ($1,670,707) ($1,670,707)RCAC Loan @ $ 5,176,485 5.5% $3,505,77 $920,707 8HAC RHLF Loan @ 5% $750,000
  6. 6. Housing Assistance Council – Submitted anapplication on December 2010Wells Fargo Line of Credit (on hand)RCAC (potential source)SHOP Revolving Loan (on hand)Housing America’s Land Development (onhand)
  7. 7.  USDA Rural Development Section 502 and 523 -- in jeopardy!! Uncertainty on the Self Help programs Census 2010 Results  MSA Designation /Rural Designation HAC ‘s FINANCIAL APPLICATION WAS PUT ON HOLD!!!
  8. 8.  P&Z reviewed the Plans and specifications for the Subdivision The project was placed on hold with the CityMajor conversations with HAC regarding otherPotential projects:  Phase I & II (High Construction Cost)  Reducing the number of lots from169  Add another potential project to the site
  9. 9. PROJECT GOALS (Rev) Land Dev. Committee recommended to the Board: Reduce Subdivision to 149 lots Dedicate 4.33 acres for a Multi Family Project 24 units 514/516 Farm Labor Housing 10 units 515 Rural Rental Housing
  10. 10. ISSUES AND NEGOTIATIONS WITHMUNICIPALITYDeveloped (4) separated plats to satisfythe municipality (back and forth)Final Approval!!!Development Agreement  Shared Use Pathway System  A Six Feet (6’) block wall  Storm Water Retention  3 Improvement Districts  Bonds and Assurances
  11. 11.  Change Primary Engineer Timeline changes Negotiations with the City Dealing with NIMBY Neighbors (MF’s) Spend more than $800K for Dev. Lots SAGA Continuation on the Rural Designation and the National Budget Continue Resolutions
  12. 12.  Be persistent, believe in your project Sale your project Hold more Land Dev. Meetings Project Timeline Review with your Eng. Keep your Board informed Avoid conflict with your city….

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