Loading...
HPB 06-26-17 (2) Page Separator Historic Preservation Board HPB 1017 Book 1 Box # 42 Folder # 3 Delray SO 8373 4'13 ‘or Jct.' L_ /` 9cAt if lc�.tc� /7?-€4.6. : ;mo/ t- 1/1►��2 kithLdeil — v, • - w16 - Jo Jig` Art.," - 02o f6 - w a- 0 C k) 7% ()o FL Cam_ Lick,"L _ TE1, - 7 ja/TP /6 " /45 aa.t.ci— A-d&c/ Aux.c, //n :) — peo- - — /do / nñ ,ter UL �c� tri'411) c ( y1f11Or& +Lett - /1 c _ 64u-ot 6:t.s cam,. 4 1 c ect.s1 k_g77 1-7€/v Vi p : JL. 41 - 1JcJICf - 185 71/ 4-*1*4- Lieu - o ?3 afro/6 - /v dICOE. i-AciL/5 I ?Hia,Astr-4-- '� 3 il131 1LcA r y icc-4(-41,rc _ 41710)0 . 5Zg Cie:it Cf- j\k4A1;RI 141-04.-1.1-1- 7 ,P }vic,c7V-61,c„... i-414/thy 2tu..42.40__ 6011014;a a)/ at-kte,it Clek_C pt 414 • . -Phawdri4 (cE.4ti , fk cc.irr 0-4 f p1' . AstoeLf NCO u P_CL/..�� GC RP • vt) i 1 h c1 1/1 t en( "fCW ter' (16-4..7X.r d uj 40;a , 46-X.-a itilOCCC-1-1 th( A:14-46 - /1-UAC S --Z L? COJW1€4/- Jo p 4,16.Ac. CLIZ5 Jicy Aaric6CO 6:04 dtj.i/sst;y7L_Ut__ di/ Al //1r'c�7� - Ql/0 d S c — cSiv/3t Oic__ /07 (PALcEt d . `48 — (6. ti;f2a./E3 fi-ZYLA Ap�rrnq a-k CU Ct juk ,r3 his, dL PAL.fe` 4.ttc kci °P 044 n °A-c� (1dcL 15Jcxc1 i‘ tr jayLe._ fl /V /te c ,.571 ila r ! r7 4 MC �(.� c n I j 6 1LIt 104AlitAl :fct 45 7 , eft viLkik_iiy _ E /0-1,0€41.4 Lc_A Pito/Lc-J-1Y . U!C r(1x r RUC c,- - / EL CA; L CZ t(. 1 r/l / �.� 4C1..i-C) • - CrL y O L,id. jcb-r—Pe —Lia-40 — / n rf ats.! a� 4 5 L�( CAgic.47 - loO t< cc..i )--txC6v-t m V — / 3 pcc_x_i— (544Pheo - Ki t 2I — s — /4-0 ct.1icurco CCP • I TaLV COIL1-1-/ h . 1,44, - /07.6 Sip 6.2eud sioL iioe vJi 1i 3 ALAI oft- A 00a. i• cutui.u.,td -75-1, 41- 027f6,6 - - CY & di :5 3 IS 5 0-7% ertu-44 I — Gc,t(4 0€4.c.ct CL4_0i-i. — 1,14151 )741CLII Aditt - W1SLIi, poinr 3 100 . ICL-41-; u eat /44 p cur itidt-eaai /co &dc.c.LA — it) m If4L Cti,e_cc LfaheekiLd Al;=. y'ood Rote-c-r- _La. pL4 C._ 5400d c7,,t,, ficat u) j1.1_9e ,L/ I'd Wcti (AJ datcu _ frd a 3 - LLIL Pico,. O& 1L Ot vecncc. i o0 9d. t 3 . d � 6/. )isc I C'o .p 7c1 hx_. n — CV-v u.cA / /tl-U t cc-cJ • of4.44,1/c,c_G r - 6c ` /264t.e_k_. L /2. 5 [47 - 13 L lel \& _ — 1 o AW6cji.0.5 ---- {_cf._io-ia.i.lf a_ ov `tom 11 r S / 3 A tt__r — 4Er LLue 1i'it, d . — ' ')4k/"a,— coa i L. tiff- PLa.fter ` �/v/J o /cc.* — 0 0 PLia tt..C.r. ( tt)3 /iLcL21ul1—I fr k. c.c't-e,ii% ! 3 4 icav -('. — il ovio7 x.c_. _ et-A u. „),11I 3 -- . , re-Line ha c A b — Aso i CU 1L. Appitutic.LC. — CCX,IDO-/ F �-* lir x-r - 4,.A.,_y C(S Si .. kAtit C/cuL 02:44timeate-1-- G6iin%/ 74C31.1 (O\WIL_-‘ — r Laid- 9/43 )1c) aiAza ovf__ Odt.cf-t . pud ha L Info c �'.i-c— // XcL4..4.01 gd 'oa / - eendriLa_c_;73 a_ d/lo a_41 /a SC 7 . 2)0 rlU1 o aztl_ o 1 0z..1 / !ti-f,. / /!s r eIx- — a 11 cA.5 to—r /. v _ - 407 0-K Gl-e_C1c _ a. i JoCaJ , ent - auc-eaut. 3. kys A. a.4-u Cc—L — / Lh # — A� — Ai° ?t,tec,--- . /0 7 l u) �l 3 d Cox_ it-lcuAy . Try. — Mip px.6 i.e.-u" S"-Itt l5iht c./ r .ld( L/ 7‘7 s6 sr-71-0t_ %Le.i.cat AA_ J'e5 . - - 0d pLôr• cr,(4-0t, PLc -cr //s /tor !`" %/I — 4147e " I 54,-/d/C. 4_1- IC.b S S - iCc) 7 e. - 106 ( /`�..0 ICJl•(le 4 C �_ • �d/S C u..t_z..r — et% — tLeE . . - 4,4_1 eLG ax.t_ J,6 Jt& 3P - dtect..441_ — (ty_1/0- ,1 iocalt. 1313 /1113 AGENDA = r HISTORIC PRESERVATION BOARD ..e4q e�P Meeting Date: June 26, 2017 and June 27, 2017 (as needed) Time: 6:00 P.M. Type of Meeting: Special Meeting Location: City Commission Chambers, City Hall, 100 NW 1st Avenue I. CALL TO ORDER II. ROLL CALL III. APPROVAL OF AGENDA IV. SWEARING IN OF THE PUBLIC V. COMMENTS FROM THE PUBLIC (NOTE: Comments on items that are NOT on the Agenda will be taken immediately prior to Public Hearing Items.) Speakers will be limited to 3 minutes. VI. ACTION ITEMS A. Certificate of Appropriateness, Class V Site Plan, Relocations & Demolitions (2016-073): Consideration of applications for Certificate of Appropriateness, Class V Site Plan, Relocations and Demolitions associated with the Swinton Commons project, which includes 35,049 square feet of retail; 22,525 square feet of restaurant; 21,872 square feet of office; 44 dwelling units; 50 residential-type inn units; and 109 hotel rooms. Location: The subject property is located on the south side of West Atlantic Avenue between SW 15t Avenue and Swinton Avenue and north of SW 1st Street. The development also includes the Sundy House property on the south side of SW 1st Street, between Swinton Avenue and SW 1st Avenue. The property also includes the property on the south side of SE 1st Street, between Swinton Avenue and SE 1st Avenue and at the northwest corner of SE 1st Avenue and SE 1st Street. Applicant/Property Owner: Atlantic Avenue Development, LLC and MGM Sundy House, LLC Agent: Bonnie Miskel, Esq, (561)405-3321; bmiskel(a�dmbblaw.com Planner: Scott Pape, Principal Planner; (561) 243-7040 ext. 6215; papemydelraybeach.com B. Conditional Use(2016-101): Consideration of a request for conditional use approval to add one Residential-type Inn unit to the Sundy House at 106 South Swinton Avenue, establish/expand the Residential-type Inn use (associated with the Sundy House)with 24 new units on Block 61, and 14 Residential-type Inn units on Block 70 in association with the proposed Swinton Commons development located within the Old School Square Historic District. Location: The subject property is located on the south side of West Atlantic Avenue between SW 1st Avenue and Swinton Avenue and north of SW 1st Street. The development also includes the Sundy House property on the south side of SW 1st Street, between Swinton Avenue and SW 1st Avenue. The property also includes the property on the south side of SE 1st Street, between Swinton Avenue and SE 1st Avenue and at the northwest corner of SE 1st Avenue and SE 1st Street. Applicant/Property Owner: Atlantic Avenue Development, LLC and MGM Sundy House, LLC Agent: Bonnie Miskel, Esq, (561) 405-3321; bmiskeI dmbblaw.com Planner: Scott Pape, Principal Planner; (561) 243-7040 ext. 6215; pape(c�mydelraybeach.com Historic Preservation Board Meeting Agenda: June 26, 2017 and June 27. 2017(if needed) Page 2 of 2 VII. REPORTS AND COMMENTS Staff Board Members VIII. ADJOURN i ✓i���' goi(e Michelle Hoyland Historic Preservation Planner; HPB Board Liaison Posted on: June 16, 2017 The City shall furnish appropriate auxiliary aids and services where necessary to afford an individual with a disability an equal opportunity to participate in and enjoy the benefits of a service,program,or activity conducted by the City.Please contact the City Manager at 243-7010 24 hours prior to the program or activity in order for the City to reasonably accommodate your request. Adaptive listening devices are available for meetings in the Commission Chambers.If a person decides to appeal any decision made by the Historic Preservation Board with respect to any matter considered at this meeting or hearing,such persons will need a record of these proceedings, and for this purpose such persons may need to ensure that a verbatim record of the proceedings is made.Such record includes the testimony and evidence upon which the appeal is to be based.The City does not provide or prepare such record.Two or more City Commissioners may be in attendance. DELRAY BEACH l O R I D A All-America City P Ali 1 , /1- 993 2001 SIGN IN SHEET 2 001 Historic Preservation Board Special Meeting — Swinton Commons June 26, 2017 PRINT ADDRESS OR ORGANIZATION ITEM NO. FULL N ME Pal--/a/k- (417-1-bcver‘iths. Deem ed, Pre oai-u-N osl- VI A / Ltc & VIA' .,,e>6,64)) el) A-J-54 W2- 4)/34.,9 )/1.1,//)./(Z-.-) k-7) jjv\ Pft wv.)e".e, Pour 16nson NA Resic uct /0_ , jg No 5olculot /04_ N I grz4 (;(� \-(- 0) Oua No 06-m-s- /30, r yco _/() b /ion 1-l/ 60J1J / %OA) FLecvf (�I r vilaY RogAi 17 ENiv M 17 V pel-"R 13 q /t/ /No/44 4cL 4 DELRAY BEACH F � o a i o bonci Ail-America City 1 I 1993 2001 SIGN IN SHEET 2_ 2001 Historic Preservation Board Special Meeting — Swinton Commons June 26, 2017 PRINT ADDRESS OR ORGANIZATION ITEM NO. FULL NAME G� ;00 yYwa . 1 v4. 4 Erii44 6a1z ckz A IA- A K leggy 0_6 /4, A_A p gI.�/ Okilt V ry G r / L o arpo.\\K- A 6-6,,rut - 44 (.,TO(VV 1 A rc\)()Oe,, �k Sol ulti cW i-3— Se - Xo 2_07.0.-7 I ft‘oz_0( X-"i46` 7,#€ Aos4 e-q( —FTEVC /1/1 /1.4( (-e- , DELRAY BEACH (J 0 F l O R O I A All-America City I 3 1993 2001 SIGN IN SHEET 2 001 Historic Preservation Board Special Meeting - Swinton Commons June 26, 2017 PRINT ADDRESS OR ITEM NO.0N ORGANIZATI FULL NAME / giC k &c, 1c- P--- 6.3,13t it)All �- 0 C5 Or\ CO a P.e� \ t- Ni.) \ �� - �-0 ems-- `i.1 qt.- b et 3 © S L4 c\;`% s k ..xy ( aI�� aj1 001_ I1i tvu ,&_, I o4-'5 E. AT L A N T't L 7-1Aiz-,' EL t d,Pe_,L.,L.o'5 Av E , 6 \f,p--)-1•*4,, . *toot°A\i. qji A.,:b4A1) ,L., \ Gb (A*/ Woui____ ae_Atte --------- U�,� vay (to I r 11-;--e bo (10 _ VSo&IvC'�r- ci-ea ( /(4-1 0- ejf‘iutA / 4/ "242, Vai /4'' 'W 2`1,/iVe / �v` 1-0% " Ck AI. --- 2 5 i 1 V (D 4 66 1, aAt-/- j?)( o $ezI,, 12i iVR s o\-1 e. DELRAY BEACH F O O A All-America City 1 I 1993 2001 SIGN IN SHEET 2 001 Historic Preservation Board Special Meeting — Swinton Commons June 26, 2017 PRINT ADDRESS OR ITEM NO. ORGANIZATION FULL NAME Coo Sri vQ b inet 44 4.4, c k ccAA,(4.0A,4 _{/Latit , Ffaurc[ei -oxicock A LI&__ n n, E-) m lc-INN / 944A _ 5 , L— 9/7c= r67 S 1/,Ye Ci � 415ur ) C Z � K,iT4 fD ?Z e -04-/7 REG Rick Gonzalez,AIA ` '. President J - l � 1i Professional Experience r•., ' Rick Gonzalez, AIA has over 30 years of experience in the architectural : '`';_1� ' profession. Rick received two architectural degrees from the Catholic "' ! I Registrations University of America in Washington, D.C., with additional course work + State of Florida-1992 completed at Miami-Dade College, Francisco Marroquin University in NCARB-1992 Guatemala City and the Autonomous University of Central America in San - Jose, Costa Rica. Mr. Gonzalez is a member of the American Institute of . Education Architects and was appointed to the Florida Historical Commission(FHC) by Governor Charlie Crist in 2008 (Vice-Chair 2011-2015) and to Florida The Catholic University of America,Washington,D.C. Board of Architecture and Interior Design(BOAID)by Governor Bush for Bachelor of Scienc Bachelor of Archite in -1 t85ture-1984 Bachelor 985 two terms 2000-2007(Chairman 2005&2006). Mr.Gonzalez is an award- Miami-Dade College,Miami,FL winning architect, whose design standards have been used as examples for Associate of Arts Degree-1982 Palm Beach County's Architectural Guidelines,Florida CNU Guidebook& Francisco Marroquin University,Guatemala City,Guatemala, ULI Land Development Handbook. Architectural Studies-1980 Autonomous University of Central America,San Jose,Costa Historic Preservation,Adaptive Reuse Rica,Architectural Studies-1979 • Old Boynton Beach High School,Boynton Beach,FL Awards • Historic Lake Worth Beach Casino,Lake Worth,FL 2015 • Palm Beach County Cultural Council Headquarters,Lake Worth,FL • AlA Palm Beach Chapter Excellence Award,Palm • Old 1916 Palm Beach County Court House Restoration,West Palm Beach,FL Beach Towers • Mar-A-Lago Private Club,Palm Beach,FL • Florida Trust Award(FTHP)Gulfstream Goodwill • The Harriet Himmel Theatre at CityPlace,West Palm Beach,FL Preservation Award • St.Ann's Campus Renovation,West Palm Beach,FL 2013 • Harris Music Lofts,Downtown West Palm Beach,FL • Florida Trust for Historic Preservation Award for Cultural Council of Palm Beach County • Old Ft.Pierce Post Office,Ft.Pierce,FL • AIA Palm Beach Chapter Excellence Award for Historic • Old St.Anastasia School,Ft.Pierce,FL Cultural Council of Palm Beach County • Historic Ruth Jones Cottage/"Little House"Restaurant,Boynton Beach,FL • AlA Palm Beach Chapter Merit Award for Private • Sperry Boathouse,Jupiter,FL Equestrian Facility • Old Belle Glade City Hall,Belle Glade,FL • Florida Community Redevelopment Award for • Sunset Lounge,West Palm Beach,FL Outstanding Reuse for"Little House"Restaurant • Lincoln Theatre,Ft.Pierce,tL 2009 • Children's Museum,Boynton Beach,FL • ALA Palm Beach Firm of the Year Award • Dubois Pioneer House,Jupiter,FL • AIA Palm Beach Chapter Recognition Award for Corporate • St.Ann's Church&Parish,West Palm Beach,FL Place at Tradition • Lunt Cottage,Palm Beach,FL • Silver National Excellence Award for the Palm Beach County SWA Transfer Station at I-95 and Lantana Rd. Mixed Use/Urban&Master Planning 2008 • Town Architect for Abacoa POA,Jupiter&BallenIsles,Palm Beach Gardens,FL • Florida Trust Award(FTHP)&AIA Palm Beach Historic • Juno Pointe,Juno Beach,FL Restoration Excellence Award for the 1916 Palm Beach • Testa's,Palm Beach,FL. County Historic Court House,West Palm Beach,FL • Blue Harbor,Ft.Pierce,FL • AGC's"Build Florida Award"for$4m and above category • Landmark Town Center @ Doral,FL for the 1916 Palm Beach County Court House,West Palm • Vista del Lago Town Center,Cutler Bay,FL Beach,FL • Melody Place,Downtown Ft.Pierce,Ft.Pierce,FL • DBA's Historic Preservation Test of Time Award for • Transit Village,West Palm Beach,FL Donald Trump's Mar-A-Lago Club 1995-2005 in Palm • Lake Okeechobee/Palm Beach County LORE Design Guidelines Beach,FL • Delray Beach CRA,9a'Avenue Redevelopment,Delray Beach,FL • ABC's Design Award for Public Works under$5m; • Virginia Key Master Plan,Virginia Key,FL Northern Palm Beach County Improvement District • Northwood Facades Study,West Palm Beach,FL Admin/EOC in Palm Beach Gardens,FL • Historic Delray Design Guidelines,Delray Beach,FL • PBC Hispanic Chamber's Business Leader of the Year • DDA Downtown Facades,West Palm Beach,FL 2007 • Yesteryear Village at the South Florida Fair Master Plan,West Palm Beach,FL • The Delray Beach Site Plan Review&Appearance Board • Pahokee Main Street,Pahokee,FL (SPRAB)Award for Excellence in Design in the category of New Residential Development for"Old Palm Grove" Estate Homes&Apartments government,Municipal Facilities 2006 • Boynton Beach Amphitheatre,Boynton Beach FL • ALA Palm Beach Community Service Award • Wellington Amphitheatre,Wellington,FL • SE Construction News Best Municipal Complex; • West Palm Beach Fire Station#5&EOC,West Palm Beach,FL Sebastian City Hall&Police Station • Ocean Cay Park,Jupiter,FL EST REG Rick Gonzalez,A (Continued)IA • Miami Beach Parks Bond Improvement,Miami Beach,FL 2005 • St.Lucie County Administration Annex,Port St.Lucie,FL • Excalibur Award-Small Business Sun Sentinel Paper • Marine Life Center of Juno Beach,FL 2004 • Isla Carroll Farm,Wellington,FL • AIA Palm Beach Award for Miami Beach,(Bayshore) • Trump International Golf Club,West Palm Beach,FL Golf Clubhouse,Miami Beach,FL. • Wycliffe Communities Guardhouses,Wellington,FL 2003 • Miami Beach Golf Clubhouse at Bayshore Drive,Miami Beach,FL • AIA Palm Beach—Honor Award for Design of the • Children's Museum,Boynton Beach,FL Harriet Himmel Theatre at CityPlace • Westgate/Belvedere Pump Station,West Palm Beach,FL • The Delray Beach Site Plan Review and Appearance • Wellington 9/11 Memorial,Wellington,FL Board Award for Excellence in Design in the Category • Palm Beach County Solid Waste Transfer Facility,Lantana,FL of New Commercial Development for Fidelity Federal • Lake Park Fire Station,Lake Park,FL Bank at 5th Avenue(SPRAB) • City of Sebastian City Hall and Police Station,Sebastian,FL 2001 • Florida Trust for Historic Preservation-Outstanding • Northern Palm Beach EOC,Palm Beach Gardens,FL Achievement Award in the Field of Non-Residential Parks and Equestrian Facilities Restoration/Rehabilitation for the Harriet Himmel • Glenspur Equestrian Farm,Wellington FL Theatre at CityPlace 1998 • I aT pchuza Caracas Equestrian&Polo Facility,Wellington,FL • Outstanding Achievement Award in the Field of • Zacara Equestrian Farm,Wellington,FL Restoration/Rehabilitation for the Mar-A-Lago • Sara Sims Park Master Plan,Boynton Beach,FL Conversion to a Private Club • Acreage Park South Master Plan,The Acreage,FL Affiliations • Scott's Place Park&Patriot's Memorial Park,Wellington,FL Maryland Institute and College of Art(MICA) • Pine Creek Hunting Club,Okeechobee,FL Board of Trustees 2011-2014 • Marco Island Amphitheatre&Veteran's Park Master Plan,Marco Island,FL University of Florida,School of Architecture,Historic Preservation Dept.Board of Advisors&DSO St. Community Centers,Clubs&Hospitality Augustine,2009—Present • Morgan Hotel,West Palm Beach,FL FL Trust for Historic Preservation Board 2008—Present • Northwood Community Center,West Palm Beach,FL Vice-President 2012-2013,President 2013-2015 • Lindsey Davis Community Center,Riviera Beach,FL Florida Historical Commission(FHC)2008—Present • West Jupiter Community Center,Jupiter,FL Vice Chair 2011-Present • Palm Beach International Polo Club,Wellington,FL W.Palm Bch.Cultural Affairs Committee 2008-2013 • Marriott Hotel&Spa,Singer Island,FL Catholic University of America/School of Architecture • Trump International Golf Club,West Palm Beach,FL Advisory Board,Washington,DC 2004—2014 State of Florida Department of Professional Regulation, Religious&Educational Institutions Board of Architecture and Interior Design,Chair, • Northwood University Master Plan,West Palm Beach,FL 2005—2007,2 terms 2000-2007 • Cardinal Newman High School,West Palm Beach,FL American Institute of Architects 1986—Present • St.Jude Catholic Church Multi-purpose Hall,Boca Raton,FL Chamber of Commerce of the Palm Beaches,Trustee 2014-Present • Grace Episcopal Church,West Palm Beach,FL City of West Palm Beach Planning Board 1993-1999 • Poinciana Day School MP,West Palm Beach,FL Palm Beach County Cultural Council 2000-2008 • Holy Cross Catholic Church,Indiantown,FL Palm Beach County Committee for Public Art 2002-2008 • All Saints Catholic School,Sports Facility,Jupiter,FL Business Development Board of Palm Beach County 2003-Present Office/Retail Publications/Articles • Jon Smith Subs,Jupiter,FL Miami Herald!WLRN judge for"Best Urban Block"2012 • Baer's Furniture Stores,North Palm Beach,FL&Boca Raton,FL National Trust for Historic Preservation June 2009 Issue • Addison Place,Delray Beach,FL Article on 1916 Palm Beach County Courthouse • Boysaw&Associates Law Office Building,West Palm Beach,FL Restoration in Preservation Magazine • Corporate Place @ Tradition Office Campus,Port St.Lucie,FL A Guide to New Urbanism in Florida Doral Town Center, • Bill Bone Professional Building,West Palm Beach,FL Old Palm Grove,City Place,Downtown West Palm Beach • Iberia Bank,West Palm Beach,FL "For the Good of the Community", The Prospector, • PNC Bank,Delray Beach,FL Business Development Board Publication,Winter 2004 • Mirasol Town Center,Palm Beach Gardens,FL "Having a Ball",Real Estate Review,Daily Business Review,2004 • Havana Restaurant,West Palm Beach,FL Place Making: Developing Town Center,Main Streets and Urban Villages Case Study:CityPlace. Urban Land Multi Family&Single Family Residential Institute,2002 • Big Cypress Townhomes,Big Cypress,FL "Downtown Walking Tours",Palm Beach Post,November • Paul Laurence Dunbar Senior Complex,West Palm Beach,FL 2002 • Peninsula Estate,Loxahatchee River,FL "South Florida Today"WXEL-November 2003-A Walk • West Palm Beach Infill Housing,West Palm Beach,FL Through History",Sun Sentinel,November 2003 • Pinnacle Palms Senior Housing,West Palm Beach,FL • Old Palm Grove,Delray Beach,FL • Tim Hernandez Residence,Ft.Lauderdale Golf Course Page I2 • REG Rick Gonzalez,AIA(Continued) Page 13 Gross Rent 6 PPP Location Square Footage Gross Rent Per Year Expenses Check Cashing 2,832 $ 6,500.00 $ 78,000.00 $ 42,480.00 Rectory Park: Sub Culture Coffee 2,500 $ 4,500.00 $ 54,000.00 $ 37,500.00 Running Store 1,600 $ 3,300.00 $ 39,600.00 $ 24,000.00 Building A- Rectory 830 $ 1,000.00 $ 12,000.00 $ 12,450.00 Building B Kava Bar 600 $ 1,250.00 $ 15,000.00 $ 9,000.00 Building C-20 S. Swinton 1,511 $ 2,000.00 $ 24,000.00 $ 22,665.00 Building D 1,374 $ 1,000.00 $ 12,000.00 $ 20,610.00 Building E Cathcart 1,550 est $ 2,000.00 $ 24,000.00 $ 23,250.00 Building F 2,000 est $ 2,500.00 $ 30,000.00 $ 30,000.00 Building G 1,040 est $ 1,250.00 $ 15,000.00 $ 15,600.00 $ 25,300.00 $ 303,600.00 $ 237,555.00 Gross rent $ 303,600.00 Vacacny $ (21,252.00) Gross Potential $ 324,852.00 Expenses $ 237,555.00 Net Potential Rent $ 87,297.00 Debt service $12,600,000 @ 5.5% $ (750,000.00) Net Result $ (662,703.00) Cost of land: $ 14,600,000.00 Rehabilitation $ 3,000,000.00 Total $ 17,600,000.00 Debt Service 70%LTV $ 12,320,000.00 Interest payments $ 677,600.000 M I lie kl (frat, I ,d (‘ A.,,,wei-crtdci 6 oar S471- 4%17- f61