October 10 & 13 Committee Packet

8/10/2019 October 10 & 13 Committee Packet

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~ t Q / ,

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TROY

CITY

COUNCIL

COMMITTEE MEETING

NOTICE

COUNCIL

CHAMBERS

CITY HALL

100

S.

MARKET STREET TROY

OHIO

MONDAY NOVEMBER 10 2014 5:00 PM

Buildings

Committee

(Snee [Chm.),

Oda

Phillips)

1. Provide a

recommendation

to Council regarding authorizing the Director

of

Public Service

and

Safety

to enter

into a professional services

agreement

with

MSA

Sport

of

Cincinnati, Ohio for

the

design

of the

Hobart Arena Expansion

and

Renovation Project portion

of the

Riverfront

Development

Project

at

a cost

not to exceed

700,000. This design

agreement

has

been

recommended

by

the Recreation Board.

Finance

Committee

(Kendall [Chm.], Schweser, Tremblay)

1. Provide a

recommendation to

Council regarding

the recommendation of the Downtown

Loan

Committee that

a loan

in

the

amount of

180,765 s approved from the

DBR

Revolving Loan Fund

to provide funding assistance for the applicant

to

purchase the property at 9-11

East

Main Street.

Applicants

are

Ryan

and

Sarah McNeill. Consideration

of emergency

legislation requested.

THURSDAY

NOVEMBER

13 2014 5:15

PM

Recreation Parks Committee (Heath [Chm.),

Oda

Tremblay

1 Provide a

recommendation to

Council

regarding

authorizing

the

Director

of

Public Service

and

Safety

to bid and contract

for

the

construction

of the

Treasure Island Park

based on

previously

discussed enhancements as noted

and

at a cost not to exceed 1,723,000. This has been

recommended by the Board

of

Park Commissioners.

Other Committees/items may be

added.

11-9-2014



UILDINGS

COMMITTEE



t

TROY OHIO

TO:

FROM:

DATE:

MEMORANDUM

Mrs. Baker, President of c < f J ~

Patrick E. J. Titterington -- 17[)

November 6, 2014

Patrick

E

J Titterington

100

S

Market Street

P. 0. Box

3003

Troy

, Ohio 45373

www .troyohio.gov

phone: 937) 335-1725

fax : 937)

339

-8601

patrick.titterington@troyohio .gov

SUBJECT: PROFESSIONAL SERVICES AGREEMENT WITH MSA SPORT, DESIGN OF HOBART ARENA

EXPANSION AND RENOVATION

PROJECT

PORTION OF RIVERFRONT DEVELOPMENT

PROJECT

REQUESTED ACTION:

That

Council

authorizes the Director of Public Service and Safety to enter

into

a professional services

agreement with

the architectural engineering

firm of MSA Sport of Cincinnati,

Ohio

for

the

design of the

Hobart Arena

portion of

the

Riverfront Development Project

at

a cost

not to

exceed 700,000.

BACKGROUND:

The Reappropriation

Ordinance

approved

by

Council

included

the

funds related to the design of

the

Hobart Arena

portion of

the

Riverfront Development Project. City staff solicited

RFPs

from

qualified

firms

to perform the

design,

provide bidding documents

and

perform construction

management

during

the

construction

phase.

Six

proposals were submitted and four firms selected to be

interviewed.

The

interviews involved Recreation Board President Marty Hobart, Recreation Director Ken Siler, Assistant

Recreation Director Carrie Slater, City Engineer Deborah Swan, Assistant City Engineer Jillion Rhoades,

and Engineering Project

Manager

Stan Kegley. Staff has

recommended that

the firm of MSA Sport of

Cincinnati, Ohio be

selected as

that firm that most meets

the

scope of services and has

experience

in

the

renovation

of Arena type facilities.

This recommendation was

presented

to the Troy Recreation Board on November 4, 2014, and that

Board

provided

a unanimous

recommendation that

Troy

City

Council

authorize a professional services

agreement

with MSA Sport,

of

Cincinnati, Ohio for design

and

construction administration for the Hobart

Arena Expansion

and

Renovation Project portion of the Riverfront Development Project, contingent

upon successful negotiation in an

amount not

to

exceed

720,000.

The final

not

to

exceed

amount worked out between City staff and MSA Sport is 700,000.



~ t Q J ,

Q (\\Q City of Troy

0n r i k E.

J. Titterington

-···-

u ~

100 S.

Market

Street

P.

0

Box 3003

Troy

, Ohio 45373

www troyohio gov

phone: (937) 335-1725

fax: (937)

339-8601

[email protected]

MEMORANDUM

TO:

FROM:

DATE:

..

Mrs. Baker, President of

Patrick E. J. Titterington

November 6, 2014

SUBJECT:

DOWNTOWN BUILDING REPAIR

REVOLVING

LO N

9 11 E MAIN

STREET FOR RYAN

SARAH McNEILL

RECOMMENDATION:

That an 180,765 loan is approved by Council from the Downtown Building Repair Revolving Loan Fund

(DBR) to

Ryan

and Sarah McNeill

for

the purchase of the building at 9-11 East Main Street.

BACKGROUND:

Mr. and Mrs. McNeill submitted

an

application for a DBR loan for 180,765 for the purchase of the

property located at

9-11

East Main Street (aka Wasserman Building). The Downtown Loan Committee

(DLC) met on November 6, 2014

to

review the following application:

• 180,765 (includes

3

closing fee of 5,265)

•

20

year repayment period

• 3 simple

interest

• Co-Borrower: Tom and Ruth

Ann

McNeill

• Security for the loan

will

be the first position mortgage

on the

building to be purchased.

The first floor

of

the property is currently occupied. The DLC review included the public purpose to be

served by the approval of the loan. The upper story floors have been vacant for decades, and the

McNeills have a vision

to get the upper story floor occupied with office and residential uses. This

additional capital investment made

with

private dollars

will

both greatly strengthen

the

building

as

well

as positively influence this block

of

buildings on the National Register.

The DLC is recommending

to

Council that a loan be approved

to

Ryan and Sarah McNeill for the purchase

of the

building at 9 -

11 East

Main Street based

on

the following terms:



Page Two

The DLC noted that this loan structure departs from the adopted DBR Guidelines in that the loan amount

exceeds 100,000. With a fund balance in

excess

of

600,000 the loan fund

can

accommodate this loan.

Information provided from the

DLC

meeting is attached.

The goal of this loan program is to provide loans to qualified applicants

to

improve buildings in the

downtown.

As

loans are repaid, those monies are then available for other applicants.

REQUESTED

ACTION:

t would be appreciated i you would assign to a Committee of Council:

• Consideration

of

a loan in the amount

of

180,765 from the

DBR

Revolving

Loan Fund

to

provide

funding assistance for the applicant to purchase the property at

9 11 East

Main Street based

on

the terms as recommended

by

the Downtown Loan Committee. We also ask for consideration of

emergency legislation so that the loan can

be

closed in a timely manner.

• That legislation includes deviating from the

DBR

Guidelines

of

a loan amount exceeding 100,000.

encl.

cc: Mayor

Beamish

Mr.

Dando

Mr. Harris



~ t Q / ,

Q'(\\Q ity of Troy

u ~

Date: November

7

2014

To: Patrick Titterington, Director of Public Service and Safety

From: Gregg Harris, Assistant Development Director

Subject: DBR Loan application from Ryan & Sarah McNeill

·--··- ·-··-

ity

Hall

100 South

Market

Street

Troy,

Ohio

45373

937)

339-9601

Please ask City Council to consider approval

of

an application from Ryan and Sarah McNeill for

a Downtown Building Repair Revolving Loan Fund (DBR) loan of 180,765 toward the

purchase of the building located at 9-11 East Main Street.

Built by John Wasserman in 1880, the building known as the Wasserman Building is a strong

contributor to Downtown Historic Troy and listed on the National Register of Historic Places.

Previously held by a trust, the building had been severely neglected and determined

by

the

insurance adjuster to come down in 2007 due to extensive damage from a

roof

collapse.

However, with the combined effort

of

Planning Commission, the city staff and a local private

developer, the building was saved. Through privately invested dollars the building has been

stabilized with a new roof, 1st floor improvements, and has commercial tenants which include

Sweeny Todd Salon and

HER

Realtors.

The

DBR

program has been a catalyst in the revitalization process, providing a critical public

tool in attracting new owners to invest in downtown. The Downtown Loan Committee (DLC)

met in public session on November 7, 2014 and discussed how the public purpose will

be

served

by

approval

of

the loan. The upper story floors have been vacant for decades, and the McNeill's

have a vision to get the upper story floors occupied with office and residential uses. That future

additional capital investment made with private dollars will both greatly strengthen the building

as well as positively influence this block of buildings on the National Register.

The DLC voted to recommend City Council approve the requested loan

by

emergency legislation

and with the following parameters and conditions:

• The loan structure does depart from the adopted DBR Guidelines

of

exceeding $100,000

• Borrower: Ryan and Sarah McNeill

• Co-Borrower: Tom Ruth Ann McNeill

• Loan amount: $180,765

• Interest rate: 3.0% simple annual interest



~ t Q / •

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City of Troy

u ~

October

31, 2014

To: Members o Downtown Loan Committee

From: Gregg Harris G H

RE: Ryan & Sarah McNeill

-

-

·-·· -

City Hall

1 South

Market

Street

Troy,

Oh

io 45373

wvvw.troyohio gov

Telephone:

937)

339-9601

Fax:

937) 339-9341

Ryan and Sarah McNeill provided an application requesting $175,500 to purchase the property located at 9-11 E.

Main Street.

Built by John Wasserman in 1880, the building known

as

the Wasserman Building is a strong contributor to

Downtown Historic Troy and listed on the National Register

o

Historic Places. Previously held by a trust, the

building had been severely neglected and determined by the insurance adjuster to cotne down in 2007 due to

extensive damage from a roof collapse. However, with the cmnbined effort

o

Planning Commission, the city staff

and a local private developer, the building was saved. Over the last six years, ownership has changed twice.

Through privately invested dollars the building has been stabilized with a new roof, 1st floor improvements, and has

viable businesses.

The building was recently put on the real estate market by owner Mike Atnold, who has signed a purchase

agreement with the McNeill's. Originally listed at $209,000, the agreed purchase price

is

at $195,000. The

McNeill's will provide cash equity o $19,500, which equals the 10 DBR equity match requirements. With the

two business tenants (Sweeney Todd Salon and HER Realtors), the building cash flows positive at $2,850 a month,

more than enough to pay for the approximate $975 monthly debt service over a 240 month period.

The DBR program funds

are

for eliminating the influence o blight

and

to encourage revitalization in Downtown

Historic Troy. As stated in their attached letter, the McNeill's have a vision for the historic building including

upper floor occupancy that will be a combination

o

office and residential. Additional capital investment often goes

into a building when there

is

a change o ownership, reducing the overall deteriorating effects downtown. The DBR

program has been a catalyst in the revitalization process, providing a critical public tool in attracting new owners to

invest in downtown.

Ryan McNeill has also requested that the 3% closing fee ($5,265) be rolled into the loan for a total of$180,765.

I recommend the DLC recom1nend

to

City Council approval o the loan with the following terms:

• Borrower: Ryan and Sarah McNeill

• Co-Bm1·ower: Tom & Ruth Ann McNeill

• Loan ammmt: $180,765

• Interest rate: 3.0% simple annual interest



October 20, 2014

City of Troy, Ohio

_

AN S R H ~ C N E I L L

100 South Market St.

Troy, OH 45373

Dear Members

of

the Troy Downtown Committee:

I'm writing

to

you today seeking loan funds from your

Downtown

Building Repair Program

in order

to

purchase 9-

11

E Main Street.

It may seem unusual for out-of-staters like ourselves

to

pursue ownership

of

building in

Troy,

but

we actually have long-standing ties

to your

community. My wife Sarah

grew up

in

Troy, and her immediate family still resides in Troy and surrounding communities.

Although we now live in Norman, OK, we adore Troy and think

of it

like a second home.

Since

my

first visit

to

your town, I have been extremely impressed with its beauty, and the

pride

of

ownership that your residents clearly take in their homes and businesses.

Sarah and I just recently relocated to Norman from Los Angeles, where I have lived and

worked for the past 10 years in the film industry. We moved

to

Oklahoma a year ago to be

closer

to

my

family and immediately

undertook the

renovation

of

a historic 4-unit

residential building near the University

of

Oklahoma campus.

Our

focus was

to

preserve

the

house's historical integrity, while making

design-minded

improvements

to the

interior

to increase its value and usability. These same principals will guide our planned

renovations of

9-11

E. Main

St.

in Troy.

This

building

fits the criteria that we've been seeking

as

a follow-up real estate project-a

historic building with a lot

of

character in

an

economically -sound area with existing

positive cash-flow. We

would

love to see this building brought back

to

its former glory

with add itional office space and loft-style apartments on

the upper

floors. Your

downtown

loan program with its favorable terms would be a

tremendous

help in terms

of

freeing up

money

that can be earmarked toward these renovations.



confidence that renovations

to

the

upper

floors will result

in an

even greater return on

our

investment.

We are seeking a loan

of

90% of the purchase price of $195

000,

or

$175

500. We plan to

put

down a downpayment

of

$19

500 in cash, or 10%

of

the purchase price. Ideally, we

would love

to

lock in a 20-year loan at a fixed rate of 3 .

We

are aware that this loan has a

3 closing fee, which we would ask

to

be wrapped back into

the

loan. This would bring

the total loan to $181,350.

t

an estimated month ly payment of $1,006 on a

3

20-year

fixed, we are confident in our ability

to

make this loan payment from our rental income.

My parents have also agreed

to

be co-signers on this loan. They bring with them over 50

years

of

experience in real estate ownership and

development

in Oklahoma. ·

My work schedule in the coming weeks is quite busy with a lot of travel. I would

ask,

therefore, that should this loan application come before a committee, I could have our

local real estate agent, Lisa Stetzel, appear on

our

behalf. If my work permits me to be

there in person, I certainly will.

Thank you for considering us for your loan program. We would be thrilled to contribute to

the economic development

of

Downtown Troy

Sincerely yours

1

--r f.-1 i

Ryan McNeill



CITY O TROY

APPLICANT/BORROWER

CO-APPLICANT/CO-BORROWER

Full Name Ryan & Sarah McNeill

Full Name

Tom Ruth Ann McNeill

BIN

______________

BIN

Address ofResidence

408

Chautauqua Ave, Apt 2

City/State/Zip Code _N_o_rm_a_n...:...,_O_K_7_3_0_69________________________

Telephone

(323)

206-0998

Fax

E-Mail (optional) [email protected]

LOAN INFORMATION

City DBR Request . . . . ; _ 1 7 . . ; _ 5 ~ , 5 . . ; _ 0 : . . . . . : : 0________

Total Project Cost

%. _1_95_.:,.,0_0_0

_

Purpose of Loan loan is requested for the purchase of 9-11 E. Main

St.

The requested amount is 90 of the

agreed upon purchase price of 195,000.

Source of Funds for Repayment 2850/mo in gross rents from Sweeney Todd Salon ( 1350) and HER Realtors ( 1500)

Proposed Collateral/Security for Loan

_9_ 1_1_E_._M_a_in_St_.

Estimated Equity Value of Collateral/Security 1 9 _ 5 _ . . . - = - 0 0 : . . . . : 0 ~ - - - - - - - - - - - - - - - - - - - - - - -



BUSINESS

INFORMATION

Name

o f B J l ~ i ~ ~ ~ s

Address o f . B i f s ~ t : e ~ . s

City/State/Zip Code

_____________________________

Telephone

__

_ _________

Fax

_________________

E-Mail optional)

______________________________

Business Legal Status: Sole Proprietorship

___

Corporation

___

Partnership

___

Other state)------------

Years

in

Operation

_________

Federal Tax ID

Business Borrowing Resolution Required?

Yes

No

SOURCE

AND USE

OF

FUNDS

TroyDBR

Other Equity

Fa9ade Improvements

Interior Rehab

of

Code Violations

Interior Rehab Non-code Violations)*

Acquisition of Real Estate

175,500 .

19,500 (cash).

Other List Below)



REAL ESTATE OWNED (principal residence and any other real estate)

Address Market Value

Wilson Nursing Center 867

US

Hwy

70

Alt Wilson, OK 73463 2,100,000

39

Thomas St Healdton, OK 73438 250,000

408 Chautauqua Ave Norman, OK 73069 215,000

PROP RTY

INSURANCE COVERAGE FOR SUBJECT PROPERTY

Mortgage Balance

0

0

155,000

N a m e a ~ A d ~ s ~ ~ c ~ f u m r n n ~ A g ~ t _ W ~ i l l ~ p = r ~ ~ ~ i ~ ~ ~ - - - - - - - - - - - - - - - - - ~

Policy Amount of overage

ATTACHMENTS

Please check those that re attached and/or provide an explanation or status of attachment:

Cost Estimates/Contracts

Construction Plans/Drawings

Troy Historic District Review

Personal Financial Statement

Business Financial Statement

Property Deed

Lease Agreement

Other (List)

Borrower's Recent

Tax

Returns

X

n/a

n/a

X

n/a

forthcoming

X

X

Signed purchase contract attached

Construction not being financed

with

city loan funds

Borrower's & C o ~ B o r r o w e r s Personal Financial Statments

Lease agreements for 9 & E Main St attatched



CERTIFICATION OF APPLICANT(S) :

Please

read

the

following statement.

If

you do

not understand

any

part

of

it or

have any questions

about

what

you

are

being asked to:sign, please

ask

someone from Troy Main Street

or the

City of

Troy s

Planning

and Development Department to help you. Each applicant

must

sign below. Should any information on

this application be found to ·be false or incomplete, such findings may be grounds for denial of the .

requested assistance.

I (we) certify that all information.in this. application is

tn1e

and complete to the best

of

my (our) lmowledge and

belief. I (we) understand this'iriformation

is

subject to verification.

I

(we) understand that the personal financial information contained in this application

is

necessary for evaluation

of

my (our) application for assistance. This information, however, will remain confidential and will not be

disclosed to the news media or other third parties.

I

(we) further understand that my (our) name, address, and

total amount

of

assistance will be subject

to

public disclosure since public funds are being utilized to assist in the

improvement

of

my

om·)

property.

PENALTY

FOR

FALSE

OR

FRAUDuLENT STATEMENT: U.S.C. Title

18,

Section

1001,

provides:

Whoever,

in

any matter withih

the

jurisdiction

of

any department or agency

of

the United States lmowingly and

willfully falsifies, conceals or .covers up a material fact, or makes any false, fictitious or fraudulent statements

or

representations, or makes or uses any.false writing or documents, knowing the same to contain any false, fictitious

or fraudulent statement or entry, shall be fmed not more than

$10,000

or imprisoned not more than five years, or

both.

10/20/2014

Applicant

Date

~ ~ u

10/20/2614

Co-Applicant

Date

. t



RECRE TION P RKS

COMMITTEE



TROY OHIO

. ·· ··· ······· ·

1 1 ( ·

TO:

FROM:

DATE:

MEMORANDUM

Mrs. Baker, President of C

J

cil

Patrick E J. Titterington ;/4

November

7, 2014

Patrick E. J. Titterington

100

S.

Market

Street

P. 0

Box

3003

Troy, Ohio 45373

wwvv troyohio.gov

phone: (937) 335-1725

fax: (937) 339-8601

patrick. [email protected]

SUBJECT:

BIDDING AUTHORIZATION, TREASURE ISLAND PARK CONSTRUCTION

ELEMENT

OF

THE

RIVERFRONT

DEVELOPMENT PROJECT

REQUESTED ACTION:

That legislation is approved by Council authorizing the Director of Public Service

and

Safety to

advertise for bids and

enter

into a contract for the construction

of the


at

a

cost not to exceed

1

,723,000

BACKGROUND:

As

indicated

in

the

attached

communication

from the City Engineer,

the

final design plans for

the Treasure Island Park portion of the Riverfront

Development

Project are nearing

completion. The

project will

include an amphitheater

pavilion, and gazebo as well as a

walking trail, landscaping, parking lot reconstruction, entrance way enhancements

and

other

amenities for

the

park consistent with previous presentations and discussions. From the

total

estimated 1,800,000 project cost, construction is estimated to not exceed 1,723,000.

Attached is a draft rendition of the project.

On

November

7, the Board of Park Commissioners

met

and

reviewed

this information. By

unanimous vote, the Board of Park Commissioners

approved

a motion to recommend that

Troy City Council authorize the bidding and contracting for

the

construction

of the

Treasure

Island Park based on previously discussed enhancements as noted

and

at a cost

not to

exceed 1 ,723,000.



TO:

FROM

SUBJECT:

DATE:

ity

of Troy

Engineering Department

Patrick Titterington, director

of

Public Service and Safety

Deborah Swan P.E. City Engineer

Authorization to

Bid


November 5 2014

Staff met last week and we are

in

the process of finishing

the

design for Treasure Island

Park

and

are

getting ready

to get the

project ready

to bid. The

project

will include an

amphitheater

pavilion,

and gazebo

as

well

as

a walking trail,

landscaping

parking,

entrance

way enhancements

and other amenities for the park.

Funds for this project are expected to be available

in

the 2015

budget

as the bidding

process will take us into next

year before

we are

ready

to

award

the project.

Staff is requesting authorization to bid Treasure Island Park at a cost not to

exceed

1,723,000. Staff

s not

requesting

an

emergency

for

this

process.

Please let me

know

if you have any questions on

this project.



o

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o

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T

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October 10 & 13 Committee Packet

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Transcript of October 10 & 13 Committee Packet