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I'm going to call the Monday, March 23rd Finance Administration Economic Development Committee

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to order of the records show that the members are here. I'm missing councilmember matrician

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and Reese. I think they're going to be here. So we all get started because we got a triple

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tonight and a lot to discuss. So let's get started with, I don't have any other comments

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then let's make it efficient and give it a good meeting. 2026, 2027 Property and Liability

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Insurance Programs. James Charlesworth, and welcome to the table for your year-to-yearly

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presentation. Thank you, Mr. Chair.

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Thank you.

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Good evening, James Charlesworth, so first consulting. The item title is going to be longer than

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my presentation, basically I've got some very good news which is refreshing.

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The property liability insurance renews on April 1st are insurance broker, Gallagher,

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negotiated favourable terms with our current insurers.

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The good news is we've increased our property coverage so it's better than it was before.

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We did change our equipment breakdown coverage which is very minor.

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We enhanced our cyber protection program, which is excited about, and our overall premium

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annualized is decreased over-expired.

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So not only do we get better terms and conditions, they were able to negotiate a premium reduction

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based on the annualized premium of our current program.

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So the only other item I will note is on the packet on the staff recommendation or proposed

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motion there is a typo federal insurance company an amount of $5.75 it should be $5.95 which is

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included in the item title but the overall recommendation of $1,400,400 is an accurate number.

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So I'm happy to talk about insurance online but I don't have a big agenda so I will pause and

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any questions? All right, nearly something yearly we do guys for who are new to the committee and

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we have to do it tonight so that we can move on. We hit the dates. Any questions for James?

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Relations on getting a similar favourable rates, I know. We all like to hear that.

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I wish I could do it for your personal insurance. That's not my concern.

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Do you have a discussion on their day? No. No questions? I'll take a motion. Perfect.

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So I have a new motion that Trevor gave me so the previous one had each policy just out just one that is

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Okay, so the motion is I move to recommend the C Council approve the 2026 2027 property liability insurance program as

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presented and he met not to exceed one million four hundred and four thousand dollars

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That motion the second any other questions or comments

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the community? Seeing none, all those in favor say aye. Aye. All is opposed to the same

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sign. Not passes five zero. And they're like the record show that, uh,

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Councilman, welcome. Welcome. Thank you. Sorry. No, it's all good. It's all good. Thank you.

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And then we're moving to number four, uh, ordinance number PT RP-3508 to talk about our

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property tax rebate program.

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Thank you. So in January, the Fayette Committee gave staff the authorization to move forward

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with negotiating an agreement with Community Capital Fund for a long-term administration

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of the property tax rebate program. And then in this committee in February, you all discussed the

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program criteria and any potential future revisions. As a result of that, staff put together an

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agreement with community capital with five one year renewable terms and holds the criteria

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the same for 2026. So as part of that agreement the criteria will be reviewed annually and added

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to the agreement as an exhibit, but the agreement itself will not be reviewed every year.

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And as a part of the adjustments made by the committee in February we have added on page 12

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an exited A, a reference to proxy-based income verification programs, such as SNAP Medicaid, WIC, TAMP, and WEEK,

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which would allow residents who are applying to provide documentation of their participation in those programs,

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rather than providing AW2 and more deaf and deaf community.

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I'm happy to answer any questions about the criteria

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and the adjustments the staff made, and also do want to note that this is coming to all as an ordinance tonight,

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just to establish the property tax remit program in the city's charter via the Kansas State Constitutional Homehold Powers.

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So just formalizing the existence of the program.

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Thank you for that. A question from me.

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So, you know, there was concern to make sure that we do have it in the agreement that we will be qualifying people automatically through WIC programs

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government assistance programs that they want home and eat all the other criteria as well

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automatically and community capital fund is able to handle that, is that correct?

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Yes, that's correct. It is listed in the Exit at A as an administrative change rather than

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being listed in the eligibility criteria. That was the decision we made based on a recommendation

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by community capital fund. Their opinion was that adding a long list like that to the eligibility

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criteria may confuse it and deter residents from applying because they're no longer sure if they

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have to be a part of one of those programs, or if it's an or just because it's easy to get confused

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when you have that long list of programs. All right. All right, Andrea. I'll just make the point

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that I don't think that that's confusing to have the list of programs that makes it easier for people

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if they're part of SNAP or WIC, or TANF to know that they're eligible. It's a lot easier than looking

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at the HUD table to see how many kids you have in your house where you can come in. So I guess I

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would disagree with that conclusion, but support this.

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Hopefully we can relook at that.

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And to your point, Drew, we will be looking, things we discussed, right? We need to see more data,

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and we need to see some more things. I think there will be some changes to the program once we kind

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of get more full year under our belts under the program. And when do we see that July, August?

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It will be about August, August, so that when we get to that September timeframe, that's adjusted and hopefully give more people there

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because if you believe the goal is you want to keep people in their homes, divide, delete,

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but we can fight for the private relief, and then if you have a bucket of funds, you need to use those funds appropriately for the year two program and looking forward to it, go ahead and process it.

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Just like I'm glad we're moving forward. Do you see this helping with the timeline?

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We're excited about getting our reach a little bit further this year.

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Anyone, there's no questions. I'll take that from motion. Sure. I moved to recommend the City Council passage for ordinance number.

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PTRP-3508, approving the agreement with Community Capital Fund for Administration of the City's Property Tax Rebate Program in 2026 Program Criterion.

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Second.

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We've got a motion in a second. Any other comments?

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All those in favor say aye.

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All opposing sign.

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Passage unanimous lead 6-0.

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Council member Reese has joined.

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So.

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I actually got stopped by the mayor.

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You wouldn't need to do a photo.

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Yes.

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No one believes that.

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I can't make this.

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All

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right.

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All right.

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Let's move in.

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Number five.

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Sounds a bit tabulation for south town glass.

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Oh, Tony's right there.

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Music.

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I appreciate it.

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Councilmember mimics short.

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Comments are pretty self-explanatory a replacing five rip-up units on Tom

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Oak Ridge, bitten out using competitive bidding did receive one bid it is

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underneath the engineers estimate and under budget so we're doing they're

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actually installing the new back at power source of part trains in our currently

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for us.

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or well if I can do more. So we've got to answer any questions you want me to have.

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Oh, you're okay with the Monday event? Yes. Yeah, we batted on. We did we did feel

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it was well within the engineers under the engineers estimate and so we felt like it was no

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So, you know, there's rigging and anything like that.

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And you've worked with them.

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Yes.

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Any other questions?

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Take a motion.

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Sure.

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I move to recommend to the City Council award the bid in the Tomahawk Ridge Community Center rooftop unit replacement project number in the 2873.

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It's downtown glass appropriated in the amount of one thousand thirteen or one million thirteen thousand five hundred dollars.

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All right, any other questions or comments?

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Seeing none, all those in favor say aye.

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All right, all those opposed same sign.

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And that passed the unit.

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Thank you.

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Number

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six, we have a bid process for all those nations

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to negotiate through agreements.

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Yes.

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Thank you, Kate.

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Yes.

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Thank you.

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So the current Wi-Fi solution.

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at the Convention Center was deployed in 2014,

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and it has reached the end of its useful life

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and the manufacturer's support as well.

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So the upgraded Wi-Fi network will replace all access points,

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switches, controllers,

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while retaining the existing design and cabling,

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this will remain within its warranty period

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over the next 10-year life expectancy of the new network.

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So waiver of the bed process is requested

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to ensure continuity of the system,

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and for it to be in place by World Cup.

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So funding is available in the Overland Park Convention Center budget.

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So when I will note, the proposal was included in the packet.

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And when it's to clarify one of the line items currently listed under the professional services category,

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that line item should actually be contingency and not under professional services.

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So this would be corrected in the final agreement, but didn't want to know if that changed.

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it does not change the dollar figure either.

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So staff recommends that the committee

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recommend to the City Council approval

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of the request to waive the bid process

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and authorization to negotiate the agreement

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with clarity SSU and the facility manager

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be authorized to execute the agreement.

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And will that the grant Mitchell is here?

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Lower in the chair.

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The answer any questions from my committee is in the center as well.

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I try to figure out how to lift it in the game off.

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This is great for my customer service perspective upgrading this system and going to the

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new system should really help customer service wise and providing people connectivity

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that they need when they're there doing business as well as ever enjoying the self-convention

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of customer service.

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Yes, sir.

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It pushes us to Wi-Fi 7 technology, which is just come out so it's the latest technology

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so we'll also do this a long way before we really need to do this again.

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So timing is actually good.

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Right.

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Can you talk a little bit about legacy system

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or why it needs to be this vendor in terms of connectivity?

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We received different quotes as we were going through

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the budgeting process.

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Very comfortable.

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This quote was very, very attractive to us

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based on what we were seeing and the equipment

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that they were speccing was top of the live equipment.

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So that's what we'll lock this in to this vendor, however we'll truly

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push this to move in this direction is the timing to get this done before.

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And we've worked with this vendor in the past and we have actually a Wi-Fi

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consultant that we worked with on the last installation ten years ago and

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he's working on this project as well. So kind of have the same team to go.

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Any other questions?

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I move to recommend City Council approval of the requests to waive the process and authorization

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to negotiate agreement with clarity as you for the purchase and installation of the

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Wi-Fi 7 network solution for the Overland Park Convention Center in the amount not to exceed

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We need 616,000 five six hundred sixteen thousand five hundred and forty one dollars and that the city manager be authorized to execute the motion and second any of their questions or comments.

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Seeing none, all those in favor say aye.

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Aye.

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All of those names, aye.

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And that passes unanimously.

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Thank you very much.

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for both of ground lease agreement at 120 Foster Street, Christine, on the table. Thank you.

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Some of you may recall how a year ago, you authorized the extension of a ground lease

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with US Bank National Association and the former tenant of 128 hundred foster. They had entered

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in to a ground lease with the city in 2010 as part of their location at that building.

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They were not the owner, they were the tenant.

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We extended that ground lease for them to fulfill their obligation to remove those

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parking improvements up right away that they had built for their operation to June 30th.

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A new property owner has purchased the building and has requested that they enter into a ground

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lease with the city so that they can continue to use those improvements, maintain and operate

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them for the benefit of their building, they are

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So we would, unlike with the U.S. Bank ground lease, where U.S. Bank was not the owner of the building, this would be a ground lease with the owner of the building. Our recommendation is subject to the committee's approval and councils approval that we go ahead and be authorized to negotiate a ground lease with the new owner of the building and to terminate the existing ground lease with U.S. Bank subject to approval of the new ground lease.

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We don't see, it's right-of-way that the city does not have any long-term expectation to use,

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and our ground lease would enable our right to terminate that at any time.

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Happy to answer any questions if you have it, but we need your authorization and the council's

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authorization to negotiate that. In the interest of time, we also recommend that once we negotiate

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that ground lease the city manager be authorized to ask any questions on this matter for Christine.

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Seeing none, I move that the committee won direct staff to negotiate a new ground lease agreement with

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12800 foster LLC and recommend City Council approval thereof for the city manager to

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And to recommend to the City Council termination of the current ground lease with US Bank National Association, subject to a new ground lease being entered into by the city and authority for the city manager to execute the same.

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Thank you.

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Got a motion?

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Second.

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Any other questions or comments?

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Seeing none, all those in favor say aye.

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Aye.

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I'll pose same side.

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And that passes unanimously.

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Six.

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Zero.

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Now.

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Number eight, proposed before their home project.

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We've got a full room tonight to hear about this.

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Jack, I'll hand it off to you to tell us what you would like.

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what the city would like to do in possible problems.

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Well, let me see what happened here.

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I wasn't trying to get to OPEAN yet.

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Thank you, Mr. Chairman, committee, Jack Messer,

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Assistant City Manager of the City of Roland Park.

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With me is Christina Finwick, the Director of the Development.

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I'll introduce her a little bit further as we get along.

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Here tonight, you know, to talk about housing

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In the planning department, in our history, we've often said that it's our job to help

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people meet their dreams.

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And in this case, I think that we're talking about that in its essence, the opportunity

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to pursue the American dream of home ownership.

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I think that's reflected in Overland Parts vision is articulated in Forward OP and that will

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be that overall part will lead as a forward thinking, innovative and welcoming community.

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So that's a collective stated vision in one that we can all aspire to.

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I think it's one that we developed together.

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Housing, or better stated, the lack of housing has been on the radar screen of this community

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for as an issue for quite some time, 15 years or so, and it's been a key issue of the council.

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I think that from our housing and needs analysis, you can see that over a period of time housing an overall park is lagged in the need by a significant margin year after year.

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We have not had a self-sustaining housing market for 15 years.

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We have, as identified in the 2019 UCS housing study, underbuilt housing of all types

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by half for that same period of time.

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What the market is delivering are large homes around 5,000 square feet in large apartment complex.

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It's not delivering smaller homes.

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And the lack of these options at all levels suggests that we're missing out.

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Our range of options that overall partner needs to build the kind of city it aspires to be.

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So tonight I'm presenting to you an opportunity to consider that and that's what we're talking about.

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What we're going to propose and recommend is a for sale housing pilot project.

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It will build portfolio homes as we have studied what those are with the city.

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And we're also going to recommend a relationship with driven development to accomplish that.

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So I'm going to, I have three primary topics tonight.

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I want to give you an overview of the project.

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I want to talk a little bit about what a set of agreement

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parameters might look like.

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And I'm going to introduce Christina so that she can introduce driven development.

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I want to emphasize that tonight is the first step.

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We haven't, we have not developed anything.

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We have, we have a couple of pieces of property

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and we have an opportunity that we're introducing for the first time to the committee for you to

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say whether it's worthwhile to take the next thing. And that's really what this is. It will take

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quite a bit of time to do that. I'll talk about that a little bit. We still have planning processes

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to go through. We still have engineering processes to go through. We have we have construction processes

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to go through but this one this step tonight gets us started. So let's talk about the project a

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little bit. We have two, as I mentioned, remnant parcels from right-of-way acquisitions that we did

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as part of the slicer and 167 street thoroughfare projects. Shown here kind of in those yellow dots for

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a general location. There are each small parcels around to an acre and a quarter, and what

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we bought these for, we have used them for right away, and then we have leftover property

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that we can consider, presents this opportunity for use. Just a little bit closer view of what

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the parcel is that the city owns at 167th and the Schweitzer, so this gives you an idea of what

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we're working. A small remnant parcel that we would consider as an infill development opportunity.

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We had our architect that helped us with the portfolio home program

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place on this piece of property, this remnant piece of property, a set of portfolio homes that you can see there.

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What you can see is a parcel where you have access to the side and behind with rear entry garages, this includes three duplexes and three single family homes.

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So nine units on this approximate two-figure piece of product.

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Go ahead.

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Is there an error with that number four in the upper right hand corner?

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It's just four is floating there.

277
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Oh, that four is floating.

278
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That is an error.

279
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That's a floaty.

280
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Sorry, it's a floating forward.

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Yeah.

282
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That happens to all of us.

283
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Yeah, sorry about that.

284
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Yeah, I was not confused by that.

285
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But yes.

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Six structures, nine units on this layout.

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These are the associated properties that we just talked about.

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These are from our portfolio homes program.

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If you want to see these further with the floor plans and such,

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those are shown on the on our website.

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We have that second parcel that I showed you that is at the southern

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are it is a little further south at 170 of terrorists in Switzer. This is the

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parcel as you can see that the city purchased the the roadway has

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encountered part of it and we would reserve that for right away so there is

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leftover property there. There used to be a single-family home on this property

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that has since been demolished. This is the layout five single-family homes shown

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on that person, that remaining person.

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And again, the associated look at what those,

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what we've shown on this conceptual sketch.

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So that gives you an idea of what we're suggesting

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is the project.

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The project would involve the building of these houses,

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involve the extension of infrastructure

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necessary to serve them.

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water, water, electric, gas, all of those general services that you might think of.

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So I'm going to move on to the second topic.

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We have proposed an agreement with driven development.

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The city is not in the house building business.

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That's not something that we do as a core function.

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And so we've looked around for a developer to do that.

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we found driven and we think that their kind of perspective on on delivering housing matches what

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we have talked about in framework OP and as the city's strategic goals. The parameters that we

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will do we should the council the committee allow us to go forward this evening there are nine

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topics that we would talk about in an agreement, that would talk about how we have a land transfers

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and we have associated issues that we have to deal with related to that, that we would

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use the portfolio program, how you know issues such as permitting fees and regulatory process

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we would define all of that. One of the things that we're attempting to do is

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make a lower entry cost of home where we have a target. I hesitate to use

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numbers but we have a target in the in the range where the UCS Johnson County

320
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Housing Study put us that we ought to be targeting something around $400,000. So

321
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So, it's not an inexpensive home, but for over one part, an attainable home.

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So things like permitting fees, regulatory process will help driven in helping drive those

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costs.

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An oldman's scope and phasing would be a portion of the contract where we define what would

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actually get built.

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our homes with the appropriate finishes, whether it's on a basement or slab, the elements

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of how the homes built, its energy efficiency, so on, so forth, that would all be included

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in agreement we would deal with.

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Driven has a manner in which they are moving people to single-family home ownership, and

330
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And so there are some commitments about how we select what the affordability elements

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are, how we get people on that path, the home ownership, and we would apply those models

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in this agreement.

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We would talk about design quality and neighborhood compatibility, financing, or risk allocation.

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Those are the elements of what we would negotiate the staff.

335
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It should you give us now to 40 in detail with driven and bring back to you for future concern.

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So I'm going to go to the third topic here and that's really to introduce driven development and Christina Fenway.

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I think that what I want to make sure that you understand is we've done a little bit of looking around town and people who do this work.

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and we think the fact that driven is a nonprofit supported by the VAN Trust Development Group, and if you remember VAN Trust, maybe some of their more familiar work in this part of the city is a metal Brook Country Club, they did that redevelopment in concert with the county.

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So it's an idea of the quality that they're used to working with.

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But what we thought was important and what we really found with Driven was there, this whole

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idea of what is affordable is really a difficult question. And when we talked about that in framework

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OP, our community told us, listen, it isn't at the bottom end of an income range necessarily, or

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that's not the best way to define it. The best way to define it is talk about jobs like teachers,

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firefighters, police officers, nurses, health care, you know local government workers. We want

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the people that make our community go to be had the opportunity to live here. And what we found

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in ribbon was that very specific thing. And I put in in my staff comments what they call people

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empowering communities as a list of a representative list of what we would be trying to market this to.

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So, I'm going to stop there, but I wanted to explain a little bit about how we settled on

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driven and begun this conversation. I want to give Christine an opportunity to introduce herself

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and the company to you. Obviously, we'll both be available for questions. I have a couple of final

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wrap-up slides that I'll turn it over to Steve.

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All right well thank you Jack thank you all for the opportunity to introduce

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Irvin I do have some examples of those now but to jack's point

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driven development is a housing non-profit

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developer that has been fully operational for a little over a year.

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Vantrust and the Vantile family helped get driven established. We are a board

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government nonprofit separate from the for-profit entity of Vantrust, but have the

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benefit of utilizing their staff and back office and some of the expertise in

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development and construction to really use institutional construction and

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development expertise but keep a mission driven approach to the work that we do.

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So, we are developing and preserving all types of housing.

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So, I know today we're talking about home ownership

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and that is a big, big focus for us,

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but we are also doing multi-family.

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We are doing acquisitions of existing properties

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and trying to kind of bring those back to life.

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We have to date done projects only in the KCMO area

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But have a strong commitment and desire to help overland park in Johnson County, you know,

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create this type of housing.

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To Jack's point, also, we have a very specific mission right now to empower the people that

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power our communities.

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So we define that as emergency services, first responders, health care workers, educators,

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folks that work in nonprofit, folks that work in local government.

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So, our research suggests, I think some other research suggests that oftentimes those folks

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are priced out of the communities that they serve and so we are really narrowing in on

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product types that provide quality housing for those specific professions.

377
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We have today acquired, started or completed about 220 units of housing.

378
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three of those are brand new single-family homes. We're about to get started on

379
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our next seven in the next couple of months but what we've built today is very

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similar to the portfolio home kind of size. There are three or four bedrooms, two

381
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or three bathrooms, high-quality construction. What you would envision Van

382
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Trust developing but doing it at a nonprofit level. So that's how we're able to

383
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drive down the costs. We're expecting no profit going back to investors on these and that

384
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provides us the ability to create this housing for the folks that really need it. We're also

385
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able to leverage some of the relationships that Vantrust has with vendors to help with material

386
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costs and things like that. So, I was really excited about the opportunity and really want to focus

387
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is on delivering that attainable housing

388
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and opportunity for homeownership.

389
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I should note, I guess too,

390
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that we would like to do housing directly for sale,

391
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but we also have a rent to own model

392
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that we have created to allow people a runway

393
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to prepare for homeownership.

394
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That includes financial education

395
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so that there is debt reduction, mortgage, eligibility,

396
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credit repair, anything like that that may help a family step into home ownership and be more prepared to to maintain a home.

397
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So I will leave it at that as an introduction to driven.

398
00:33:18,700 --> 00:33:28,500
Great. I think I have just a couple more slides and so I know you probably all have questions and perhaps you just will finish up and then we can dive into questions.

399
00:33:29,600 --> 00:33:43,380
One of the things that Christina just mentioned is trying to drive down costs, and so far I've spoken to these four entities who are all interested in a system and some partnership.

400
00:33:44,320 --> 00:33:51,100
There are others that are not on this list that we would want to talk to and open up that kind of conversation.

401
00:33:51,100 --> 00:34:00,440
It's interesting that a wide variety of individuals have an interest in housing and affordability

402
00:34:00,440 --> 00:34:01,700
and how they impact that.

403
00:34:02,200 --> 00:34:11,040
And so all of these folks have that interest and I think that this is an opportunity for

404
00:34:11,040 --> 00:34:13,460
us to begin to explore.

405
00:34:13,460 --> 00:34:20,260
we've talked about this as a pilot project project. It's five buildings on one site,

406
00:34:21,520 --> 00:34:28,120
six buildings on another site, and it is an opportunity to learn a little bit more for

407
00:34:28,120 --> 00:34:33,640
all of us as part of that. So, I think this is an exciting opportunity, and I expect

408
00:34:34,150 --> 00:34:40,100
that as we get an opportunity to have this conversation further, this list will grow as well.

409
00:34:40,100 --> 00:34:43,520
So, I also want to talk a little bit about schedule.

410
00:34:44,820 --> 00:34:51,640
And I know that for many of you, this is, for the committee, this is the first time

411
00:34:51,640 --> 00:34:53,720
you're hearing about this project.

412
00:34:53,900 --> 00:34:59,520
This is an opportunity that staff has been exploring as to whether it's even feasible on

413
00:34:59,520 --> 00:35:01,420
some property that we had left over.

414
00:35:03,020 --> 00:35:04,360
We've gotten to that point.

415
00:35:04,900 --> 00:35:06,040
It doesn't mean that we're done.

416
00:35:06,040 --> 00:35:08,940
I already mentioned all of the other things that we're doing.

417
00:35:09,420 --> 00:35:11,180
You can see kind of a schedule here.

418
00:35:11,880 --> 00:35:16,980
You remember the tagline on Driven Slide that said a developer with no patients or

419
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a nonprofit with no patients.

420
00:35:18,760 --> 00:35:24,320
This is a very aggressive schedule that suggests construction might start in quarter one of

421
00:35:24,320 --> 00:35:25,180
2027.

422
00:35:25,460 --> 00:35:27,080
We have a lot of work to get to there.

423
00:35:27,260 --> 00:35:29,580
We have a neighborhood meeting to have.

424
00:35:29,780 --> 00:35:30,800
We haven't talked with the neighbors.

425
00:35:31,140 --> 00:35:31,640
We need to.

426
00:35:32,820 --> 00:35:34,640
We have to go through a planning process.

427
00:35:35,480 --> 00:35:38,820
We're not going to exempt the city from that, so we have to do that.

428
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We have to do some engineering in construction to get the sites ready.

429
00:35:43,640 --> 00:35:49,120
And then we have to do, and then we have to get started with the building itself.

430
00:35:49,480 --> 00:35:52,380
So this is a early look at that schedule.

431
00:35:53,080 --> 00:35:59,320
All of these things that we're talking about are best estimate of how we might get started

432
00:35:59,320 --> 00:36:06,120
and what that looks like, as we get, as most things happen when we get into the discussion,

433
00:36:06,420 --> 00:36:12,780
these kinds of things may or may not change. But this is our best estimate of how these

434
00:36:12,780 --> 00:36:20,820
things might look. So with that, that's a description of the project. What we're looking for this evening

435
00:36:20,820 --> 00:36:28,200
is the authorization to move forward as outlined in our staff comments, which basically suggests that we

436
00:36:28,200 --> 00:36:35,920
We can begin negotiating with driven development for development agreement on this project.

437
00:36:36,500 --> 00:36:38,120
Be happy to answer any questions.

438
00:36:39,160 --> 00:36:40,820
Thank you, Jack, for that.

439
00:36:40,920 --> 00:36:42,260
I'm sure we have a lot of questions.

440
00:36:42,260 --> 00:36:45,920
I will start over the last 24 hours.

441
00:36:45,920 --> 00:36:49,020
I've gotten lots of comments and questions.

442
00:36:49,580 --> 00:36:53,340
I think there's definitely some misunderstanding about this project and where it stands.

443
00:36:53,340 --> 00:36:56,000
I'm thinking for outline of this is the first step of the process.

444
00:36:56,000 --> 00:36:57,800
because even if we aren't before,

445
00:36:58,960 --> 00:37:03,240
but I do wanna talk about the two remnants of land,

446
00:37:04,520 --> 00:37:07,400
full disclosure, let's smack in the middle

447
00:37:07,400 --> 00:37:08,980
of these two remnants of land.

448
00:37:09,420 --> 00:37:11,440
So I know them very well.

449
00:37:12,200 --> 00:37:14,000
I know everyone around me well.

450
00:37:15,800 --> 00:37:20,440
Was this our initial plan when purchasing this land

451
00:37:20,440 --> 00:37:22,140
of putting homes on this land?

452
00:37:22,140 --> 00:37:30,500
Now, the order of that process was it was a thoroughfare project, the Public Works Department

453
00:37:30,500 --> 00:37:36,100
was out there acquiring land for a thoroughfare project, and in these two particular cases

454
00:37:36,610 --> 00:37:44,640
that process led them to what is called a total taking, so they acquired the entire person.

455
00:37:46,560 --> 00:38:00,520
When that was done, the public works department then reserved the land they needed for all of the elements of the street, the sidewalk, a trail, and the green space associated with it.

456
00:38:00,520 --> 00:38:14,000
And then we have this leftover property and sort of staff talked about how would we use this leftover property and is there a city used to.

457
00:38:15,480 --> 00:38:23,100
They're really one of one of those individuals was the park's director and we didn't identify a need for a park.

458
00:38:23,100 --> 00:38:29,880
the size just wasn't quite right or located in the right spot and we the

459
00:38:29,880 --> 00:38:35,460
planning department had been working on the portfolio for some time and said

460
00:38:35,460 --> 00:38:41,440
that might be here and so we examined that so that's a little bit about the

461
00:38:41,440 --> 00:38:43,560
chronology of how that came to be.

462
00:38:46,080 --> 00:38:50,080
Okay thank you I got a concern about I know we're

463
00:38:50,080 --> 00:38:52,200
We'll probably talk about this in the planning process,

464
00:38:52,500 --> 00:38:53,460
but get there.

465
00:38:54,140 --> 00:38:59,040
Traffic and infrastructure concerns around these new homes.

466
00:38:59,320 --> 00:39:01,140
I know it's not a lot of homes,

467
00:39:01,380 --> 00:39:04,400
but considering what we have in the area now,

468
00:39:05,200 --> 00:39:07,980
will there be traffic study and studies done enough

469
00:39:07,980 --> 00:39:11,180
to make sure that we can handle all that?

470
00:39:11,180 --> 00:39:15,360
What I can tell you is the development process

471
00:39:15,360 --> 00:39:26,560
will follow that knee, whatever is required, I'm not trying to be evasive of the question,

472
00:39:26,820 --> 00:39:34,160
but I would say the roadway system is going to be able to handle the single-family homes

473
00:39:34,160 --> 00:39:34,980
that would be planting.

474
00:39:36,320 --> 00:39:40,200
But we will have more information about that.

475
00:39:40,200 --> 00:40:06,860
In terms of determining whether it worked or not, the planning staff did some initial analysis related to that in terms of where the access points were, whether there were some issues and did what the traffic related issues are fire accessed and the plans that you saw today fit that in terms of other infrastructure.

476
00:40:06,860 --> 00:40:12,940
sure that they would be served by sewers, sewers would need to be extended, they're available.

477
00:40:13,500 --> 00:40:20,380
There's some minor extension from the west for the property on 167th and kind of the

478
00:40:20,380 --> 00:40:24,940
north west from from kind of harms of the, I

479
00:40:28,050 --> 00:40:29,250
do,

480
00:40:38,540 --> 00:40:43,660
I mean, as we look at framework and this

481
00:40:43,660 --> 00:40:45,360
project as it looks towards

482
00:40:45,360 --> 00:40:50,260
character of the neighborhoods that's going to be next to how do the staff see

483
00:40:50,260 --> 00:40:54,280
how that relates because these houses are smaller than

484
00:40:55,200 --> 00:40:59,160
what they are and I know they're also concerns about property values and

485
00:41:00,460 --> 00:41:05,120
you know stuff like that so how do we see the city traditionally have we

486
00:41:05,120 --> 00:41:08,100
seen that happen when we put in smaller and

487
00:41:08,100 --> 00:41:11,660
smaller homes have gone in or other type of housing has gone in next to

488
00:41:11,660 --> 00:41:15,460
It seems like this and scene drops in property value.

489
00:41:15,740 --> 00:41:22,460
I think that drops in property value, I would say,

490
00:41:22,760 --> 00:41:25,100
show me the place where we've dropped in property value.

491
00:41:26,120 --> 00:41:30,240
We have a drop in property value in this city, in my team,

492
00:41:30,940 --> 00:41:32,020
it doesn't happen.

493
00:41:32,840 --> 00:41:35,500
The place where we are concerned about property value

494
00:41:35,500 --> 00:41:38,280
is where we're concerned at the end of 2008,

495
00:41:38,280 --> 00:41:50,660
along Metcalf and we saw Decline decline produces property value issues development increases

496
00:41:50,660 --> 00:41:57,120
property. So if the concern is is a decline in property value, I don't believe that will

497
00:41:57,120 --> 00:42:03,180
happen staff does believe that plan. The character question I think is an analysis that I want to

498
00:42:03,180 --> 00:42:06,420
reserved for the planning department to make in more detail.

499
00:42:08,520 --> 00:42:10,220
They're single family homes.

500
00:42:11,620 --> 00:42:18,080
A few duplex units at the Northern Project going in and single family homes.

501
00:42:19,100 --> 00:42:23,140
So I don't think it's incompatible from that perspective.

502
00:42:23,620 --> 00:42:28,280
I don't think it's incompatible from the character framework from that perspective.

503
00:42:28,280 --> 00:42:37,000
But I also want to reserve that for the planning department to analyze and be fair to them to give them the opportunity.

504
00:42:38,960 --> 00:42:40,180
Christine, I have a few questions.

505
00:42:41,980 --> 00:42:48,180
Welcome. I want to, I'm mostly interested if we were to do this that they be owned.

506
00:42:49,460 --> 00:42:54,680
But if you know, I did read your website, and I do know you do the right time.

507
00:42:55,960 --> 00:42:59,080
So talk to me about eligibility and how this works.

508
00:42:59,300 --> 00:43:03,920
I know this is not the same as have it have for humanity, I want everyone to make sure

509
00:43:03,920 --> 00:43:04,660
they understand that.

510
00:43:04,840 --> 00:43:07,380
This is not HUD housing, either.

511
00:43:09,960 --> 00:43:12,220
And talk about how that eligibility works.

512
00:43:13,080 --> 00:43:16,860
Is there any, I mean, maybe this has to be an agreement checks at all and we are stepping,

513
00:43:16,860 --> 00:43:22,240
is there going to be HOA requirement so that we are whatever agreement we

514
00:43:22,240 --> 00:43:26,520
come to we're holding it here because even though we're trying to do for

515
00:43:26,520 --> 00:43:30,540
first-home buyers here I did get a concern today it what someone wants to

516
00:43:30,540 --> 00:43:36,400
come and buy all six of those properties and run them out how do we kind of how

517
00:43:36,400 --> 00:43:39,540
do we stop that from happening because that's what we don't want to do it

518
00:43:39,540 --> 00:43:43,680
start this program and have it go in a direction that it was not intended to go

519
00:43:44,260 --> 00:43:56,680
I mean, I think one of the ways that we're able to control some of that is that if we now I want to make certain that everybody understands to that we are not not open to going direct to sale.

520
00:43:57,020 --> 00:44:05,260
We just feel like a rent to own model helps especially teachers and folks in health care.

521
00:44:05,260 --> 00:44:11,200
first responders have a runway to home ownership that might be necessary in

522
00:44:11,200 --> 00:44:17,720
terms of us helping with down payment savings the resident you know going

523
00:44:17,720 --> 00:44:23,160
through financial education courses or whatever that may look like so that is

524
00:44:23,160 --> 00:44:28,480
just our way of helping people kind of on ramp into home ownership but we are not

525
00:44:28,480 --> 00:44:31,340
against a direct-to-sale model.

526
00:44:32,080 --> 00:44:36,840
But we would own and operate those properties as the nonprofit.

527
00:44:37,380 --> 00:44:39,660
We would manage them, maintain them,

528
00:44:40,160 --> 00:44:45,140
and we would have control over who leases those properties

529
00:44:45,140 --> 00:44:48,440
and then becomes eligible to become the homeowner.

530
00:44:48,940 --> 00:44:51,100
So how we have done that to date

531
00:44:51,100 --> 00:44:55,340
is we target all those folks we just talked about.

532
00:44:55,340 --> 00:44:58,520
educators, first responders, self-care workers, etc.

533
00:45:00,000 --> 00:45:06,740
We do not take them to market and blast them on Zillow for rent so that thousands of people

534
00:45:06,740 --> 00:45:13,500
see them. We do direct marketing with school districts, healthcare systems, police stations,

535
00:45:14,200 --> 00:45:20,340
fire stations, and say, who really needs housing? This is an opportunity for us to help those

536
00:45:20,340 --> 00:45:30,800
folks please encourage your employees to apply. We set the rent so that those families can afford

537
00:45:30,800 --> 00:45:35,720
that rent and a portion of that rent is saved to then help with down payment assistance.

538
00:45:36,980 --> 00:45:45,160
It is a standard lease during the lease term. However, we have the right to offer that home to

539
00:45:45,160 --> 00:45:51,300
sale to the person living there, the family living there, when they are ready, when the market

540
00:45:51,300 --> 00:45:57,840
is ready, when they are mortgage eligible. We also retain the right to say, hey, you may not be

541
00:45:57,840 --> 00:46:03,880
ready. We need to sell this home. This home was intended for home ownership, and we can either get

542
00:46:03,880 --> 00:46:10,220
somebody else into the program or we can go direct to sale in the market. But our intention is that

543
00:46:10,220 --> 00:46:17,960
all of these become owned properties. We're not we're not going to sell them to investors. We're

544
00:46:17,960 --> 00:46:24,820
going to lease them or sell them directly to people in those categories that we're really trying to

545
00:46:24,820 --> 00:46:30,880
serve. Today is there all your questions? Yeah, it's a jack. Can we put some of that stuff in this

546
00:46:30,880 --> 00:46:39,700
agreement? Absolutely. And we fully intend to. I think that one of the things that is we're

547
00:46:39,700 --> 00:46:46,000
excited about is the folks that Christine is talking about. We want this to be a blue valley

548
00:46:46,000 --> 00:46:50,720
teacher right down the road from blue valley west right up the road from blue valley south west.

549
00:46:51,140 --> 00:46:58,380
We want this to be an overall park firefighter. That's what we're after here. We're trying to find

550
00:46:58,380 --> 00:47:09,620
that pathway for people that are in our community that can't be here to be. And so that's the goal

551
00:47:09,700 --> 00:47:39,200
So the goal will be supported by the development agreement and we will be talking on what that looks like with you also mentioned briefly HOA and and so we will have we will have restricted covenants we envision restricted covenants applied to the property for for some of these kinds of things we also envision there would be some level of HOA between these properties that that again controls

552
00:47:39,200 --> 00:47:47,140
roles, controls, neighborhood character, many of our HOAs in this city operate their

553
00:47:47,140 --> 00:47:47,880
trash system.

554
00:47:48,100 --> 00:47:53,700
We got to figure out how to operate a waste collection system here, and so we can see

555
00:47:53,700 --> 00:47:54,960
that happening as well.

556
00:47:55,220 --> 00:47:56,960
So we see there being an HOA.

557
00:47:57,080 --> 00:48:03,200
We see there being a structure, not like any community, residential community in London.

558
00:48:08,340 --> 00:48:09,460
This is exciting.

559
00:48:10,220 --> 00:48:13,640
We've been talking about this just before I was elected.

560
00:48:14,440 --> 00:48:20,100
So I have big, big picture questions and then specific questions.

561
00:48:23,320 --> 00:48:30,340
So we launched the portfolio homes and we've been researching it and really excited about it for a long time.

562
00:48:30,900 --> 00:48:36,420
And it's exciting to see us put it into action to actually look at it to see what the product is.

563
00:48:36,420 --> 00:48:41,140
We know we've been getting lots of conversation with people wanting these homes.

564
00:48:41,840 --> 00:48:45,380
These look attractive and people are ready to buy them immediately.

565
00:48:46,020 --> 00:48:47,340
Where are they working to buy them?

566
00:48:48,080 --> 00:48:55,240
So, this is our first step in looking at them in real time and building them.

567
00:48:57,660 --> 00:49:03,660
I love it, I love this concept I want them to go everywhere and want them to be in our

568
00:49:03,660 --> 00:49:09,020
and fill sites that are having a really hard time finding a product to go into the site.

569
00:49:10,860 --> 00:49:14,280
So I guess my big picture questions are,

570
00:49:20,280 --> 00:49:22,260
the question we're trying to solve with this

571
00:49:22,620 --> 00:49:28,840
are portfolio homes is how do we make this doable other places, right?

572
00:49:29,160 --> 00:49:34,000
Will we always need a partner to get this to happen?

573
00:49:36,280 --> 00:49:39,520
We won't be able to donate land with every project.

574
00:49:39,520 --> 00:49:41,300
How do we work

575
00:49:43,350 --> 00:49:44,310
on that equation?

576
00:49:44,750 --> 00:49:49,150
You know, obviously, that's going to be a factor in other spots.

577
00:49:50,770 --> 00:49:51,170
I

578
00:49:54,850 --> 00:49:55,650
have a lot of questions.

579
00:49:55,790 --> 00:49:56,290
Let me keep going.

580
00:49:56,370 --> 00:49:57,250
You're doing a Chinese answer.

581
00:49:57,590 --> 00:50:00,230
Let me take a shot at a few of those a little bit.

582
00:50:01,750 --> 00:50:04,710
Those aren't, I mean, maybe they are a big picture.

583
00:50:06,810 --> 00:50:09,170
So the best way, it's a pilot.

584
00:50:09,170 --> 00:50:21,190
It's a test. It's not a huge number of houses. We expect to learn a lot. We expect to test

585
00:50:21,190 --> 00:50:29,690
a little bit, like try a couple of different things. We expect to get a complete and detailed

586
00:50:29,690 --> 00:50:39,650
cost report from driven about and anything that's donated or used in kind or

587
00:50:39,650 --> 00:50:44,570
anything we expect to capture market value out of it so we can report on what it

588
00:50:44,570 --> 00:50:45,330
really goes.

589
00:50:47,550 --> 00:50:52,770
Our home building industry you know the market is building average

590
00:50:52,770 --> 00:50:57,450
5,000 square foot houses. How come we're not building anything else? That's the

591
00:50:57,450 --> 00:51:05,550
big picture question in my mind and maybe it's just can't happen. I don't know that maybe what our conclusion is at the end of this.

592
00:51:07,010 --> 00:51:22,750
But what this opportunity gives us is a couple of pieces of land to determine what that really is. So proof of concept to proof of use is what is what we're having.

593
00:51:22,750 --> 00:51:30,530
We've had a few, we've had some feedback from builders that, hey, we really like this, but nobody's done it, we don't want to be first.

594
00:51:32,250 --> 00:51:42,310
So part of the idea might be to show, show that it can be done, and this is why we have driven to help us do it.

595
00:51:42,310 --> 00:51:49,350
You heard, you heard Christina say they're not after a profit necessarily they have a different mission and that's

596
00:51:49,910 --> 00:51:54,650
What I think matches what we're trying to do so I hope I got your first

597
00:51:54,650 --> 00:51:59,930
And then with our partners are these like folks who are willing to donate

598
00:52:00,690 --> 00:52:09,250
Services and help out like financially that and where are they more like we would like to like Blue Valley like to see teachers

599
00:52:09,250 --> 00:52:11,230
I think both I think both

600
00:52:12,310 --> 00:52:20,270
I think that we, the general conversations that we've had have been with some of those

601
00:52:20,270 --> 00:52:25,930
utilities that you saw on the list about, can we give reductions in fee connections

602
00:52:25,930 --> 00:52:27,070
and things like that?

603
00:52:27,930 --> 00:52:29,690
Maybe they have other ideas too.

604
00:52:29,830 --> 00:52:31,570
We haven't explored those in detail.

605
00:52:31,990 --> 00:52:36,490
It's just been a general conversation about, we have this need, you know there's a need,

606
00:52:36,850 --> 00:52:38,070
do you want to be a part of it?

607
00:52:38,350 --> 00:52:39,170
And they won't say yes.

608
00:52:39,170 --> 00:52:55,030
And I think the out of box thinking on this is excellent because we all have been feeling the need for more housing and this grouping that we obviously have made has been what the market has been calling for us to do.

609
00:52:55,030 --> 00:53:05,210
So it's exciting to see us thinking about that and how this specific size look helped to

610
00:53:05,840 --> 00:53:12,470
create a diversity in neighborhoods that only will make neighborhoods stronger.

611
00:53:12,550 --> 00:53:17,230
I feel like the neighborhoods who have more diversity and different housing types

612
00:53:17,230 --> 00:53:23,830
I feel like become stronger neighborhoods and become really cohesive units.

613
00:53:23,830 --> 00:53:26,350
It's exciting to see them, and they're such beautiful signs.

614
00:53:27,670 --> 00:53:29,410
I think that's a little for now to you.

615
00:53:29,710 --> 00:53:30,670
Okay, Drew.

616
00:53:31,570 --> 00:53:32,530
Three questions.

617
00:53:33,530 --> 00:53:36,070
I think the first one, maybe it's for both of you,

618
00:53:36,190 --> 00:53:37,270
but just schedule.

619
00:53:37,530 --> 00:53:39,750
Obviously you've indicated this as an aggressive schedule.

620
00:53:41,410 --> 00:53:43,690
I've never built a housing subdivision.

621
00:53:43,870 --> 00:53:48,670
So just a lot of the projects we approve take a long time to actually get built.

622
00:53:49,130 --> 00:53:53,050
Can you talk about this schedule and how aggressive it is versus making the difficult schedule?

623
00:53:53,050 --> 00:53:56,830
schedule that you guys see and maybe

624
00:54:00,060 --> 00:54:02,320
where exactly we're able to accelerate

625
00:54:02,320 --> 00:54:11,420
so it's time wise. Yeah it's a really tough question because now the follow-up

626
00:54:11,420 --> 00:54:17,260
and that is how come you don't make it happen forever. But I think that I think that

627
00:54:17,260 --> 00:54:23,380
one of the things that we've done you know at the front end is we kind of know

628
00:54:23,380 --> 00:54:31,500
So what we want to build, we have a very small and discrete two parcels.

629
00:54:33,740 --> 00:54:38,420
We kind of have a good idea of where that's going.

630
00:54:38,660 --> 00:54:45,320
So you see, I think you see some real acceleration at the front end of this schedule.

631
00:54:46,860 --> 00:54:52,220
I think design development, they're very simple and straightforward infrastructure pieces.

632
00:54:52,220 --> 00:54:58,120
So, you see a Q3, a Q1, 2027 design development.

633
00:54:58,300 --> 00:55:00,420
That is a very, that's very fast.

634
00:55:00,760 --> 00:55:02,800
It's compared to what we normally get.

635
00:55:03,840 --> 00:55:06,460
I mean, we don't get very many

636
00:55:07,400 --> 00:55:10,760
to parcel subdivisions with seven structures

637
00:55:10,760 --> 00:55:12,100
or whatever the number is.

638
00:55:13,240 --> 00:55:14,700
And so a project a construct,

639
00:55:14,940 --> 00:55:17,100
I mean, that's the project a construction starter

640
00:55:17,100 --> 00:55:18,820
would be a Q1, 27.

641
00:55:18,820 --> 00:55:27,660
But I think that where you see that the speed is in that design development and kind of getting the second minute.

642
00:55:30,400 --> 00:55:36,320
It's a great point about how we don't see proposals where there's just five or six buildings.

643
00:55:36,940 --> 00:55:41,480
Not only do we only see extremely large houses, but we see large footprints.

644
00:55:41,480 --> 00:55:46,040
questions. And so I also want to emphasize this is very often.

645
00:55:48,490 --> 00:55:49,430
I'm saying that

646
00:55:49,430 --> 00:55:55,590
in front of Christina when she's saying, can we go faster? So just there's

647
00:55:55,590 --> 00:56:00,710
going to be some there's going to be some work to do to me. So actually the

648
00:56:00,710 --> 00:56:04,930
why can't we do this for everyone? I think is my next question, which is like

649
00:56:05,610 --> 00:56:10,470
financing. I mean, this simplifies the financing for the developer. So maybe

650
00:56:10,470 --> 00:56:15,470
talk a little bit about the difference between why it's a perfect fit for us to find a nonprofit

651
00:56:15,470 --> 00:56:22,490
partner versus what a for-profit developer might be needing to achieve in terms of return on

652
00:56:22,490 --> 00:56:29,330
investment and how that how they have to be dead and equity partners and how we eliminate that

653
00:56:29,330 --> 00:56:35,950
in this project. Well, I am really going to let Christine talk about that. I have a viewpoint

654
00:56:37,870 --> 00:56:47,300
that I'll mention, I think that at the city, at any city,

655
00:56:47,800 --> 00:56:51,060
it's important to know what we do and do it well.

656
00:56:52,860 --> 00:56:55,900
And I think it's also important for a city

657
00:56:55,900 --> 00:56:58,120
to take a long-term view of what we do,

658
00:56:59,160 --> 00:57:03,440
because it's more than just the return, the immediate return.

659
00:57:03,440 --> 00:57:10,360
And so for us, we, what was important and what drew us to driven is they had a mission

660
00:57:11,060 --> 00:57:15,940
and a bigger mission than just the marketplace.

661
00:57:17,080 --> 00:57:23,460
But they survived within a development group that is still a for-profit entity.

662
00:57:23,760 --> 00:57:27,740
So they have many of the same elements and needs for that.

663
00:57:27,740 --> 00:57:36,080
So, I see that as a very, very compatible kind of relationship with the city.

664
00:57:37,420 --> 00:57:42,620
We're not looking necessarily for a big profit return.

665
00:57:42,840 --> 00:57:46,920
We're looking to accomplish a goal that is similar to that.

666
00:57:47,240 --> 00:57:49,840
So, that's how I would answer from the city perspective.

667
00:57:50,060 --> 00:57:53,400
But I think Christina will have a much more interesting answer.

668
00:57:53,400 --> 00:58:04,000
Oh don't don't think I think from from driven's perspective to jack's point we are utilizing

669
00:58:04,500 --> 00:58:11,660
the same underwriting, the same construction methodology, the same disciplines and development

670
00:58:11,660 --> 00:58:13,180
that VanTrust utilizes.

671
00:58:13,860 --> 00:58:17,160
We're going to use the same concepts of a meadowbrook.

672
00:58:17,160 --> 00:58:26,540
We are just eliminating the need to pay an investor 10, 15, 20 percent, whatever that number

673
00:58:26,540 --> 00:58:30,280
is on top of the cost of the home.

674
00:58:30,580 --> 00:58:34,740
And we are leaning on partnerships that we have to drive that cost down.

675
00:58:35,360 --> 00:58:37,760
And so we don't have return expectations.

676
00:58:38,440 --> 00:58:44,680
We just want to deliver a quality product at an attainable price point.

677
00:58:45,520 --> 00:58:52,720
We, that isn't to say that we are not seeking some traditional bank debt type structures.

678
00:58:54,120 --> 00:58:59,900
We actually did our first three single family homes, all cash grant dollars.

679
00:59:00,120 --> 00:59:06,560
There was no debt in those, but we are working with banks that want to be a part of this to

680
00:59:06,560 --> 00:59:13,060
also get aggressive in how they're lending so that we're not adding additional carry costs

681
00:59:13,060 --> 00:59:16,240
and interest costs and things that would drive up the cost of the home.

682
00:59:16,920 --> 00:59:22,200
So I think really what we're doing is we're delivering a market product, but we're just

683
00:59:22,200 --> 00:59:24,040
eliminating the profit.

684
00:59:24,900 --> 00:59:30,380
It's a great answer, and to that end, I would say, I think it'd be better if you thank

685
00:59:30,380 --> 00:59:33,580
you for being in the department of the park on that mission.

686
00:59:34,280 --> 00:59:39,800
My last question is maybe a little less rosy.

687
00:59:39,800 --> 00:59:44,560
So sort of a sunset clause on this property control.

688
00:59:44,920 --> 00:59:47,540
So obviously we've done deals in the path to re-control the property.

689
00:59:47,740 --> 00:59:51,860
And then we hope that somebody takes it on to develop housing or something else.

690
00:59:52,520 --> 00:59:57,000
Overland Park Farmers Market is one example where the housing side hasn't worked down yet,

691
00:59:57,140 --> 00:59:58,500
but we still control that property.

692
00:59:59,040 --> 00:59:59,880
So how are you thinking?

693
01:00:00,000 --> 01:00:28,100
About that, our ability to control this property long term up until the point where it's ready to go to somebody else. I'm not going to tell you that in public in front of Chris. That is going to be in the go shade. Well, then my point is it'll think about it will have. It is definitely it is definitely in our mind how we work through site control and the minutes done will will be an issue that we have to work through.

694
01:00:28,100 --> 01:00:31,520
Thank you.

695
01:00:33,630 --> 01:00:40,270
I am millionaires of fellow nonprofit worker with driven development and a little bit to

696
01:00:40,270 --> 01:00:41,050
your point, Drew.

697
01:00:41,270 --> 01:00:47,270
I think the reason why developers don't build these types of homes is because it's not

698
01:00:47,270 --> 01:00:47,830
profitable.

699
01:00:48,510 --> 01:00:57,430
We've become gotten so far away from the idea of housing as a human right and more about

700
01:00:57,430 --> 01:00:58,830
how much money can I make.

701
01:00:58,830 --> 01:01:11,950
So I really don't see how we can, unless there's a developer out there who, and I'm willing to be wrong, I think this nonprofit model is probably the way to go with these portfolio homes.

702
01:01:12,970 --> 01:01:19,910
The price point, $400,000 as someone who works for a nonprofit, I still can't afford to be on it. I read.

703
01:01:20,930 --> 01:01:26,690
So, if we're serious about, and this maybe gets back to eligibility and who we're targeting

704
01:01:26,690 --> 01:01:35,510
with these homes, is what else can we do to help make these accessible for first responders

705
01:01:35,510 --> 01:01:40,490
teachers, those service workers that we say we value so much, but make it so difficult

706
01:01:40,490 --> 01:01:41,250
to live here.

707
01:01:41,970 --> 01:01:47,370
And that's not directed at anyone in particular, it's just, it's what happens when we let

708
01:01:47,370 --> 01:01:51,770
market dictate so much of what we perceive as what's profit.

709
01:01:54,440 --> 01:01:59,840
So my question to the staff is as we move forward with this, is that we talk about it's

710
01:01:59,840 --> 01:02:05,500
not just about the cost of the home, it's also all the other things that it takes to afford

711
01:02:05,500 --> 01:02:07,040
maintaining a house.

712
01:02:07,560 --> 01:02:13,040
So I would want to have deeper conversations about are there some other incentives, other

713
01:02:13,040 --> 01:02:18,340
ways of getting folks in to ensure that they have that stable housing and can continue

714
01:02:18,340 --> 01:02:22,900
to live there? Is that just more, less of a question or more in a kid place?

715
01:02:23,400 --> 01:02:32,300
Yeah, it's good input. Thank you. I think that's another thing you've heard Christina talk about

716
01:02:32,300 --> 01:02:40,680
in their rent, rent to ownership model is really that runway of figuring out all of those things

717
01:02:40,680 --> 01:02:50,920
that are part of a larger so I do want to I hesitated to mention it that $400,000 I want to describe

718
01:02:50,920 --> 01:02:58,400
that a little bit more because I don't want us to get that place that's some sort of obstacle

719
01:02:58,400 --> 01:03:09,940
right it's really reflective of a number identified in the in the 2019 UCS Johnson County

720
01:03:09,940 --> 01:03:18,620
housing study. That's been inflated to today. So it's just like you should be. This is a range

721
01:03:18,620 --> 01:03:25,520
where you should try to find some housing in the single family ownership range. So that's where

722
01:03:25,520 --> 01:03:33,340
it comes from. I think I think the recognition of bringing in partners that drive down costs that

723
01:03:33,340 --> 01:03:38,300
help us meet needs of folks that may not be able to afford that house

724
01:03:38,300 --> 01:03:42,120
necessarily, but are in that target market is exactly the target market.

725
01:03:44,130 --> 01:03:51,970
Can I just add that the three homes that we've built to date all in costs for

726
01:03:51,970 --> 01:03:59,850
about $335,000. But with partnerships and other funding we were able to drive

727
01:03:59,850 --> 01:04:08,010
those costs down. So I think that was our goal on those homes and really frankly where they're

728
01:04:08,010 --> 01:04:13,590
located we would have loved to drive the cost down even further but I think we're really looking to

729
01:04:13,590 --> 01:04:20,210
what fits contextually in these areas that we're talking about in Oberlin Park and those numbers

730
01:04:20,210 --> 01:04:26,530
are always different but we were able to build those homes for about 330 and drive that cost down to

731
01:04:26,530 --> 01:04:33,270
just under 300. Went partnerships from materials or other grant funding or things like that. But

732
01:04:33,270 --> 01:04:40,630
the quality of the home is, you know, there are granted countertops and stainless steel appliances

733
01:04:40,630 --> 01:04:46,850
and the same flooring that you see in the 5,000 square foot homes. I mean, the quality is still there,

734
01:04:46,850 --> 01:04:50,620
we're finding other ways to drive the home. Thank you for the additional.

735
01:04:53,600 --> 01:04:54,580
I can't want to talk about the

736
01:04:55,140 --> 01:05:01,500
economics and the pricing so we're able to keep the cost of that. Don't

737
01:05:01,500 --> 01:05:06,820
any land or land is not traditional purchase. We're able to get discount

738
01:05:06,820 --> 01:05:12,620
on connectivity on everything. So we landed a price in all-end price.

739
01:05:15,640 --> 01:05:16,020
We have

740
01:05:16,020 --> 01:05:21,960
that number. Then we have sale number. So how do we get to that sale number?

741
01:05:26,120 --> 01:05:26,640
We're

742
01:05:26,640 --> 01:05:35,000
for 330? Are you selling it for 330? It does that 330 house or whatever it is. Does that match

743
01:05:35,000 --> 01:05:44,720
mark it? Not my concern, but what I'm just thinking about is if there's a delta between the price

744
01:05:44,720 --> 01:05:50,740
we put it on the market for and the price that you can turn around the date to itself. That's $100,000.

745
01:05:51,460 --> 01:05:53,000
That's what we're bringing you to think about.

746
01:05:53,220 --> 01:05:56,320
It's $50,000, something you might need to think about.

747
01:05:56,560 --> 01:06:00,320
Because if that becomes, you know, who's chosen for those,

748
01:06:00,680 --> 01:06:04,720
you're giving them a boost with that advantage.

749
01:06:05,060 --> 01:06:06,680
I don't think it's a reason not to do this.

750
01:06:06,840 --> 01:06:08,660
It's a pilot, it's a learning and to do it,

751
01:06:08,660 --> 01:06:11,660
but it's something I'm just thinking about in terms of,

752
01:06:11,660 --> 01:06:12,800
removing money around.

753
01:06:12,960 --> 01:06:16,800
Are we transferring, you know, you're not like my profit,

754
01:06:16,920 --> 01:06:18,640
but somebody's gonna get one if we're doing it

755
01:06:19,160 --> 01:06:19,940
at under a cost.

756
01:06:19,940 --> 01:06:24,980
So I don't know if there's any question there, just some thoughts on if you have any thoughts on that too.

757
01:06:25,780 --> 01:06:27,240
Do you have any thoughts?

758
01:06:27,500 --> 01:06:32,860
Well, and again, I think we're open to negotiating an agreement that works for everyone.

759
01:06:33,260 --> 01:06:42,620
Again, to what we've done to date, which is not a set and stone model, but we are not setting a purchase price for the future.

760
01:06:42,940 --> 01:06:46,400
So we're not setting a, hey, no matter what we're going to sell it for this.

761
01:06:46,400 --> 01:06:57,220
We're letting some market dynamics play out, but saying that we're going to come in, and as a nonprofit, sell it slightly below market so that someone can get into that.

762
01:06:57,940 --> 01:07:00,720
But that is also a function of the rent to own model.

763
01:07:01,140 --> 01:07:08,420
So we have not sold a house directly to Dave, so that may change how that is done.

764
01:07:08,740 --> 01:07:12,020
But that's how we've modeled this thus far.

765
01:07:12,020 --> 01:07:19,220
And I fully anticipate that's a that's a negotiation question to I think there will be I

766
01:07:20,200 --> 01:07:25,020
mean I have it we haven't talked about this but I think there will be some tenure of

767
01:07:25,020 --> 01:07:30,440
kind of concerns that we would have we don't want someone coming in and buying it and selling

768
01:07:30,440 --> 01:07:36,180
it the next day there this is you're going to have to stay there a bit and build a little

769
01:07:36,180 --> 01:07:48,460
And so I think that's what we can't control that forever. I don't think that we can don't think that I think that our limits on what we can do with the market

770
01:07:49,540 --> 01:07:59,340
Should be restricted. There is an end to that. There is. I don't know where that is, but there isn't it. So really good.

771
01:08:01,320 --> 01:08:01,900
Right.

772
01:08:01,900 --> 01:08:05,640
Okay, we just said donating the land, are we donating the land?

773
01:08:05,880 --> 01:08:10,320
So the land was acquired through the grant.

774
01:08:10,460 --> 01:08:16,520
We are as part of a project, we acquired it with our own money, the city's own money.

775
01:08:17,260 --> 01:08:24,600
There is, we will have to work out a transfer of the property that will involve some cost.

776
01:08:25,020 --> 01:08:29,280
How we're going to work that out is you have to be determined that we have to do that.

777
01:08:29,660 --> 01:08:30,240
So we're not done.

778
01:08:30,240 --> 01:08:37,400
be a required we're not only donating the land? Well donation is an undefined term. I think

779
01:08:37,400 --> 01:08:44,140
that what we're going to do is transfer the land in some way that there is a reduced or lesser

780
01:08:44,140 --> 01:08:50,020
cost. If we don't for a dollar we're not donating it really but we kind of are are you thinking

781
01:08:50,020 --> 01:08:55,200
about this type of thing? I think that what we have to I'm the reason I'm hesitating is because

782
01:08:55,200 --> 01:08:57,220
is I have to understand the process.

783
01:08:57,740 --> 01:08:59,440
There's a federal funding process

784
01:08:59,440 --> 01:09:00,680
that I have to understand,

785
01:09:01,220 --> 01:09:03,900
exactly what that's going to look in.

786
01:09:04,160 --> 01:09:05,000
I'm not there yet.

787
01:09:05,860 --> 01:09:07,300
And you said we bought this land

788
01:09:07,300 --> 01:09:08,840
or part of the grant.

789
01:09:09,500 --> 01:09:11,280
Is that a key dot?

790
01:09:11,460 --> 01:09:12,120
Is that a federal?

791
01:09:12,380 --> 01:09:14,640
So the, the, we built,

792
01:09:14,860 --> 01:09:18,300
slides area and we built a 167 street with federal dollars.

793
01:09:19,100 --> 01:09:21,780
We acquired the property with city money.

794
01:09:23,180 --> 01:09:24,520
So 100% city money.

795
01:09:25,200 --> 01:09:31,600
but because the overall project was a federally funded project there are restrictions on how we

796
01:09:31,600 --> 01:09:34,000
can then disperse.

797
01:09:37,440 --> 01:09:42,440
Maybe a last question for me. You mentioned there's 220 homes that you've

798
01:09:42,440 --> 01:09:50,620
developed. There are 220 units, not all single family homes. So you talked 220 said seven here and then

799
01:09:50,620 --> 01:09:57,240
I got really confused. So if you don't mind kind of recapture that for us, how many of these types of

800
01:09:57,240 --> 01:10:01,800
homes. These are portfolio homes are pretty unique, but we're talking about, you know, these new

801
01:10:01,800 --> 01:10:09,780
homes that are going into a kind of a brown field, you know, situation. Tell us about how many you've

802
01:10:09,780 --> 01:10:18,380
done in that category and where are those? So of the 220 units, only three of those are single family

803
01:10:18,380 --> 01:10:26,680
homes. The other units are acquisitions or multi-family construction. We are getting ready to get started

804
01:10:26,680 --> 01:10:33,740
on our next seven single family homes. We plan to do 14 in total this year. Those are all on the

805
01:10:33,740 --> 01:10:40,180
east side of Kansas City, Missouri. They're all in fill lots with environmental issues and title

806
01:10:40,180 --> 01:10:51,660
issues that we work through clearing and getting sight and, you know, title ready. We have a 25 year

807
01:10:51,660 --> 01:10:58,100
single-family home developer on staff to help us find the right partners to do

808
01:10:58,100 --> 01:11:03,720
these. We realized that building three single-family homes doesn't sound that

809
01:11:03,720 --> 01:11:08,800
impressive today but we have to staff and kind of the back office if

810
01:11:08,800 --> 01:11:15,060
interest to text. I heard 220 sure a lot of people heard that so I just I'm trying

811
01:11:15,060 --> 01:11:16,120
to help a click on this.

812
01:11:17,240 --> 01:11:18,720
Chair, those are all my questions.

813
01:11:20,040 --> 01:11:22,760
Really quick, how long have we had those slides appropriate?

814
01:11:25,080 --> 01:11:25,980
Oh, good question.

815
01:11:26,400 --> 01:11:31,200
I don't really answer that question, but it's probably been two,

816
01:11:31,460 --> 01:11:33,160
a couple years, two or three years.

817
01:11:34,260 --> 01:11:36,200
So I mean, the...

818
01:11:36,200 --> 01:11:37,360
No, no, no.

819
01:11:37,640 --> 01:11:39,700
I heard it's going to be a tariff.

820
01:11:43,560 --> 01:11:44,200
167th, yes.

821
01:11:45,160 --> 01:11:46,060
167th would have been a couple.

822
01:11:47,300 --> 01:11:54,420
So we would have been, I don't know exactly when we're working on the project, but the acquisition

823
01:11:54,420 --> 01:11:57,360
of right away comes well in advance of the project.

824
01:11:58,700 --> 01:12:05,000
So it could be just in the last year that 170 terrorists, 167th was a second project.

825
01:12:06,860 --> 01:12:07,620
Do

826
01:12:09,770 --> 01:12:14,210
you see this effecting the UDO conversation at all?

827
01:12:14,210 --> 01:12:18,550
Do I see this affecting the UDO commission?

828
01:12:19,610 --> 01:12:20,730
I think this is...

829
01:12:20,730 --> 01:12:22,470
It's just enhancing the portfolio.

830
01:12:22,990 --> 01:12:36,530
I think that, you know, we're updating a 40-year-old land use code, unified developer

831
01:12:36,530 --> 01:12:37,610
to the UDO.

832
01:12:37,610 --> 01:12:44,290
and I don't think that the UNIO envisioned things like this.

833
01:12:45,730 --> 01:12:49,230
I think that it is part of that proof of concept.

834
01:12:49,510 --> 01:12:51,410
It is part of being a pilot.

835
01:12:52,170 --> 01:12:59,070
We have a lot of opportunities for land to be used as infill land

836
01:12:59,070 --> 01:13:03,450
that perhaps people haven't envisioned that yet.

837
01:13:03,450 --> 01:13:11,910
and so I think that this will be a teaching opportunity in the UDO update. Yes.

838
01:13:12,770 --> 01:13:21,150
And it goes to the block from my house, a half duplex full of $300,000, and it is 60 years old.

839
01:13:21,730 --> 01:13:28,410
So $300,000 for a brand new home, you know, over one mark, really crazy.

840
01:13:28,410 --> 01:13:30,590
So you use a 300.

841
01:13:32,750 --> 01:13:41,170
I don't think these are 300 though. We heard 400. There's 300 that don't. I mean, we haven't land on a price here, but I'm just paying the market is.

842
01:13:41,910 --> 01:13:43,750
Do you want to use precise numbers?

843
01:13:50,760 --> 01:13:53,620
I just want to make sure this is a question that came across today.

844
01:13:54,100 --> 01:13:58,800
This is not stopping the expansion of the Switzer project in my correct.

845
01:13:58,960 --> 01:14:00,020
No, knowing on right now.

846
01:14:00,160 --> 01:14:00,300
Yeah.

847
01:14:00,660 --> 01:14:02,860
Anything that we're talking about here.

848
01:14:04,140 --> 01:14:07,700
Switzer is on building that project that next space.

849
01:14:08,920 --> 01:14:11,580
So we will be adding that walkability of the bike trail.

850
01:14:11,740 --> 01:14:13,160
Right. There will be a bike hike trail.

851
01:14:13,160 --> 01:14:22,720
there'll be sidewalks, there'll be spaces for for our normal fluorophair design. The acquisition

852
01:14:22,720 --> 01:14:29,660
of this property reserve would would would we would reserve what is needed for the street.

853
01:14:30,300 --> 01:14:38,040
The full street and and then whatever what we're talking about here today is what's left over.

854
01:14:38,040 --> 01:14:43,800
So what you're asking for tonight just I want to make this perfectly clear and

855
01:14:43,800 --> 01:14:51,480
what you're asking for us to do. You're simply asking us to really okay to

856
01:14:51,480 --> 01:14:59,100
negotiate with driven and agreement to possibly start this project. That agreement

857
01:14:59,100 --> 01:14:59,960
We'll be brought back.

858
01:15:14,860 --> 01:15:28,740
We're giving the staff the authorization to negotiate a development driven driven that includes the use of its property. We would negotiate those details, bring those details back to you as the Fayette Committee.

859
01:15:29,240 --> 01:15:33,800
go through the details of it with you to make sure that we're all clear on what

860
01:15:33,800 --> 01:15:39,100
that says. Many of the questions you asked tonight will likely be answered at some

861
01:15:39,100 --> 01:15:43,280
level of better detail. So that's that's what we're asking for too.

862
01:15:46,400 --> 01:15:47,860
And I just want

863
01:15:47,860 --> 01:15:54,700
to say that you know it is I re-emphasize this is the first step. One of the

864
01:15:54,700 --> 01:15:59,760
things that we're going to require driven to do is work with us on a neighborhood

865
01:15:59,760 --> 01:16:13,120
So that we can begin to talk with the neighbors when and a part of approval of an agreement we would do that that's that's part of how that phase is into the project.

866
01:16:17,400 --> 01:16:27,020
I am looking to the committee direct stats and negotiate development in real estate disposition agreements.

867
01:16:27,020 --> 01:16:34,180
We've driven developed housing to portfolio homes using remnant functions of the city of land to be brought back to committee

868
01:16:38,990 --> 01:16:39,570
Comments

869
01:16:39,570 --> 01:16:43,950
One comment is not everybody in the room has heard my soliloquies on

870
01:16:45,650 --> 01:16:49,530
Despite the project is a 34 million dollar project

871
01:16:50,350 --> 01:16:54,930
If you want to look at the map the land on the east side of the project is screen field

872
01:16:54,930 --> 01:17:07,850
Maybe this is getting ahead of the planning process, but if our conclusion is that at some point traffic cannot be supported on our $34 million thoroughfare project for new development of 16 new units.

873
01:17:08,330 --> 01:17:11,550
I'll have a lot of concerns about why we spent that $34 million.

874
01:17:11,550 --> 01:17:18,010
dollars. We also have 112 million dollars in our CIP for future thoroughfare projects and I hope

875
01:17:18,010 --> 01:17:22,590
that we use those projects as an opportunity to look for remnant parcels where we can add house

876
01:17:22,590 --> 01:17:28,950
if this project goes well. So those are my comments on this. My last comment is driven is kind of

877
01:17:28,950 --> 01:17:33,590
the toast of the town right now in the nonprofit development community and we have a great partner

878
01:17:33,590 --> 01:17:36,430
at the table with us, so I wish them well.

879
01:17:36,810 --> 01:17:37,690
I'd be supporting the motion.

880
01:17:39,030 --> 01:17:39,190
Holly?

881
01:17:39,830 --> 01:17:41,350
I second the motion story.

882
01:17:41,590 --> 01:17:45,030
I'm excited to see our portfolio homes get launched.

883
01:17:45,350 --> 01:17:48,370
The community has been begging us to build houses.

884
01:17:48,850 --> 01:17:50,590
Not six thousand sort of homes.

885
01:17:51,070 --> 01:17:53,550
But houses that everyone is clamoring to buy.

886
01:17:54,010 --> 01:17:58,630
So hopefully this is a jump start to get those homes into our neighborhoods.

887
01:18:00,970 --> 01:18:01,550
Any more comments?

888
01:18:02,310 --> 01:18:03,230
I will meet my comments.

889
01:18:04,530 --> 01:18:07,910
I'm going to be voting yes tonight on this and moving this green forward.

890
01:18:08,190 --> 01:18:11,810
I do fully believe that when we're doing any kind of development or any project,

891
01:18:12,370 --> 01:18:17,310
first step entry before an agreement is made is not to jump ahead

892
01:18:17,310 --> 01:18:21,830
and guess the end goal is start to see how the process works.

893
01:18:22,470 --> 01:18:27,630
My job is to read the agreement in depth and to make sure it fits in

894
01:18:27,630 --> 01:18:34,650
and that character goals would be fit for the neighborhood on both sides of me and support my

895
01:18:34,650 --> 01:18:45,090
constituents. But I think I do believe it's important. This is hard being the first to do attainable

896
01:18:45,090 --> 01:18:51,770
housing is important. And I know we have another meeting but I'm just going to say this. I remember by my

897
01:18:51,770 --> 01:18:57,490
My first house, which was 1,800 square feet, was $159,000 in 2002.

898
01:18:59,430 --> 01:19:03,610
Can't get that here, I mean, it's at 24 years later.

899
01:19:05,150 --> 01:19:06,650
My kids can't get that.

900
01:19:06,830 --> 01:19:16,330
And I do have a aspiring teacher who will voice concerns about housing to me just recently.

901
01:19:16,330 --> 01:19:26,310
So I think it's important that I take at least this first step, but investigating this, holding the city accountable

902
01:19:27,130 --> 01:19:32,450
and making sure that you're doing the right thing the whole way through so that we do it right.

903
01:19:32,810 --> 01:19:36,470
That's one thing I think Overland Park does do well. We take our time.

904
01:19:36,930 --> 01:19:40,550
We talk to the neighbors. We are transparent about the entire project.

905
01:19:40,550 --> 01:19:46,070
and when we do something like this we do it right the first time and we are

906
01:19:46,070 --> 01:19:53,150
successful the first time so I will be going yes with that let's all those in

907
01:19:53,150 --> 01:20:02,350
favor say aye I also pose same sign not pass the junior we have one more on our

908
01:20:02,350 --> 01:20:07,730
agenda item I need some approval minutes you got a motion I move to approve the

909
01:20:07,730 --> 01:20:11,990
minutes from November 19th, 2025 in January 21st, 2026.

910
01:20:13,070 --> 01:20:14,970
I got a motion and a second.

911
01:20:15,370 --> 01:20:16,230
Questions and comments?

912
01:20:16,650 --> 01:20:16,890
All right.

913
01:20:17,350 --> 01:20:17,870
All right.

914
01:20:18,830 --> 01:20:19,230
All those opposed?

915
01:20:19,410 --> 01:20:19,730
Same side.

916
01:20:20,330 --> 01:20:21,970
And that passes unanimously.

917
01:20:22,810 --> 01:20:24,630
We are adjourned for receiving.

918
01:20:24,790 --> 01:20:25,890
Thank you for everyone who came.

919
01:20:26,350 --> 01:20:27,490
You appreciate it.

920
01:20:27,730 --> 01:20:29,510
And we will move into the committee.

921
01:20:29,570 --> 01:20:29,810
The whole.