Item C: Multi Unit Property Tax Exemption Program

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Accessible “Ready” Number of Units/ Average Square Feet Proposed Estimated Units Bedrooms per Unit Rental Rate or Sale Price Type/description of construction and materials. Describe any additional public utility needs. Describe proposed landscaping. Please attach the following to your application: PRO-FORMA. 1. Detailed construction and operating cost analysis demonstrating project’s “need” for tax exemption, and that the project could not be built “but for” the tax exemption. This analysis or pro-forma should show the rental rates of each type of unit both with and without the tax exemption. FINANCIAL FEASIBILITY. 2. Information on the property costs and financing for the housing which demonstrates the financial feasibility of the project. SITE PLAN. 3. A site plan and supporting maps, drawn to a minimum scale of one inch equals 16 feet, which shows in detail the development plan of the entire project, including a side and front elevation, showing streets, driveways, sidewalks, pedestrian ways, off- street parking, and loading areas; location and dimension of structures; use of land and structure; major landscaping features; design of structures; existing and proposed utility systems including sanitary sewers; storm sewers, water, electric, gas, and telephone lines. PUBLIC/PRIVATE ACCESS. 4. Description and map or diagram of public and private access to property and parking, and circulation plans for project. Please provide above drawings on 8-1/2” X 11” size paper for reproduction purposes. An alternative is an electronic PDF version that can be easily printed. The applicant is encouraged to provide, in addition to the above, any additional materials, such as economic feasibility status or market analysis appropriate to the project. PROPOSED ELIMINATION OF EXISTING STRUCTURES. 5. Explanation and justification for any proposed elimination of existing, sound and rehabitable housing on the site.