Aleutian Village Meeting December 9, 2015

Resident Survey Results – Q1 Do you own or rent your home? 91% own your home, free and clear.

Resident Survey Results – Q2 Have you already begun the process of relocating out of Aleutian Village? 89% No ~ 11% Yes

Resident Survey Results – Q3 How many people live in your household, and how old are they? How many people live in your household, and how old are they? 128 Residents, 25 Children, 17 Seniors

Resident Survey Results – Q4-5 Is anyone in your household Alaska Native or American Indian? Does anyone in your household have special needs or disabilities that may affect your ability to relocate? 25% Yes

Resident Survey Results – Q6-7 Does your household have pets that make relocation a challenge? Do you operate a business out of your home?

Resident Survey Results – Q8 What types of parking, storage and outdoor structures do you currently have? 55% Shed/Storage ~ 41% Wanagan

Resident Survey Results – Q8 What types of parking, storage and outdoor structures do you currently have? 55% Shed/Storage ~ 41% Wanagan

Resident Survey Results – Q9 What is the source of heat for your home? 51% Heating Fuel ~ 18% HF + Wood

Resident Survey Results – Q10 In addition to space rent, what are your monthly costs for loan payments/rent and utilities? $374 Utilities ~ $396 Rent/Loan

Resident Survey Results – Q11 With the correct equipment is your mobile home structurally sound enough to be moved? 53% Don’t Know

Resident Survey Results – Q12 What assistance would you need to move to a new location in Valdez?

Resident Survey Results – Q13 Interest in forming a homeowners association to manage the park?

Resident Survey Results – Q14 If Aleutian Village Trailer Park closes in August 2016, which of these alternatives is a realistic choice for your household?

Resident Survey Results – Q15 Household Size and Income?

Resident Survey Results – Q15 Household Size and Income? 54 households responded to this question Total residents in the 54 households = households with 87 residents responded income level is very low, low, or moderate This = 70.2% of neighborhood population This exceeds the minimum threshold of 51% to be eligible for CDBG funds (apply in 2016, funds in 2017) State of Alaska certified the numbers good to 2020

Resident Survey Results Questions we didn’t ask… Square footage of mobile home Square footage of wanagans Questions we didn’t ask… Square footage of mobile home Square footage of wanagans

Park Operations What we don’t know… Any environmental contamination Status of sewer system Full extent and cost of water system upgrades Full cost of electrical system hook up What we don’t know… Any environmental contamination Status of sewer system Full extent and cost of water system upgrades Full cost of electrical system hook up

Park Economics - Expenses Rent$30,000 Property Taxes$14,000 Utilities$ 7,000 Insurance$12,000 Maintenance$38,000 Snow Removal$36,000 Op Overhead$40,000 Estimated Total$177,000 Rent$30,000 Property Taxes$14,000 Utilities$ 7,000 Insurance$12,000 Maintenance$38,000 Snow Removal$36,000 Op Overhead$40,000 Estimated Total$177,000

Park Economics - Revenue Rent (60 x $250 x 12)$180,000 Minus – *Unpaid Rent (25 x 250 x 12)$ 75,000 Total Estimated Revenue$105,000 *25 Tenants with unpaid rent ranging from 1-6 months behind. Total above is based on 25 spaces unpaid for an entire year. Rent (60 x $250 x 12)$180,000 Minus – *Unpaid Rent (25 x 250 x 12)$ 75,000 Total Estimated Revenue$105,000 *25 Tenants with unpaid rent ranging from 1-6 months behind. Total above is based on 25 spaces unpaid for an entire year.

Park Economics - Revenue Break-Even Revenue Scenarios 60 x $330 x 12 = $237,600 Or 80 x $250 x 12 = $240,000 Break-Even Revenue Scenarios 60 x $330 x 12 = $237,600 Or 80 x $250 x 12 = $240,000

Park Economics – Property Tax 34 Tenants have unpaid property taxes for 2015 and earlier Total unpaid taxes to City = $7, Tenants have unpaid property taxes for 2015 and earlier Total unpaid taxes to City = $7,160

Potential Outcomes/Solutions AVTP Closes 8/31/2016 HOA forms and operates AVTP Unlikely with operating loss/break-even 3 rd Party Operator for AVTP Unlikely w/o significant rent increase City buys land from state for mobile home park and mixed use development AVTP Closes 8/31/2016 HOA forms and operates AVTP Unlikely with operating loss/break-even 3 rd Party Operator for AVTP Unlikely w/o significant rent increase City buys land from state for mobile home park and mixed use development

Mixed Use Development Subdivide land so mobile home owners may purchase individual lots Work with mobile home owners in a voluntary mobile home replacement program New units may be “mobile” or on permanent foundations Subdivide some land for multi-family housing units and mixed use commercial / residential Subdivide land so mobile home owners may purchase individual lots Work with mobile home owners in a voluntary mobile home replacement program New units may be “mobile” or on permanent foundations Subdivide some land for multi-family housing units and mixed use commercial / residential

Mixed Use Development Subdivide land so mobile home owners may purchase individual lots Work with mobile home owners in a voluntary mobile home replacement program New units may be “mobile” or on permanent foundations Subdivide some land for multi-family housing units and mixed use commercial / residential Subdivide land so mobile home owners may purchase individual lots Work with mobile home owners in a voluntary mobile home replacement program New units may be “mobile” or on permanent foundations Subdivide some land for multi-family housing units and mixed use commercial / residential

Next Steps – City & Residents Meet with ADOT about Land Purchase Meet with Aleut Corporation about 2- Year Solution Solution Approval by City Council Pay Rent Owed to Aleut Corporation Pay Taxes Owed to City Meet with ADOT about Land Purchase Meet with Aleut Corporation about 2- Year Solution Solution Approval by City Council Pay Rent Owed to Aleut Corporation Pay Taxes Owed to City