EC II SLC Update July 2017 Q2 Project Update

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Presentation transcript:

EC II SLC Update July 2017 Q2 Project Update Project Team meets bi monthly Updated FAQ’s posted on Church Website and at Welcome Center Held Favorable meeting with Lakeview Gardens Association EC II Project Rendering and site layout board will be installed at Welcome Center – Mid August EC II Project projected to close on October 2, 2017 Ground Breaking budget $6K (pending) Ground Breaking Ceremony Scheduled for October 8, 2017 City Council approved 100%, 25 year Tax Abatement application - complete 7/26/17 SWC Overall the project is going good Issues on property easement, water lines ,and 79th street repairs are being worked with a favorable outcome expected

EC II SLC Update July 2017 Q2 On-going Activities Plat application pending approval - submitted 6/30 CPC / 353 Blight/UR approval - meeting Aug 15 meeting MHDC Firm Commitment approval pending – submitted 7/19 AHAP tax credits pending Legislative authorization, projected mid Sept 2017 Submit application for AHAP tax credits – October 2017 Submit Final Project file to US Bank for approval/ closing date 7/26/17 SWC

EC II SLC Update July 2017 Q2 Construction /Rent-Up Activities Double Diamond Construction and Development, LLC selected as project General Contractor 6/30 General Contractor to start Sub contractor bids process – August 2017 MBE/WBE achieving establish goals (professional services) Construction planned start - October 2017 Construction duration 14 months - Sept 2018 Initiate Pre Rental Application process - Nov 2017 Start Rental Applications process - March 2017 7/26/17 SWC 7/20/17 SWC Sr