Title
Resolution to Allocate 8 Footing Drain Disconnect Credits from Near North Apartments to the Ann Arbor Housing Commission properties at 655 North Maple, 701 Henry and 3451 Platt
Memorandum
Attached for your consideration is a resolution to allocate 8 Footing Drain Disconnect credits from the Near North Apartments project to the Ann Arbor Housing Commission's affordable housing projects at 655 North Maple, 701 Henry and 3451 Platt. By resolution R-11-021, City Council approved the assignment of 8 footing drain disconnection credits for the Near North Project, an affordable housing project. The Near North Project was not constructed and its planning approvals have expired. Thus, the assigned 8 footing drain disconnections credits were not used.
In 2014, City Council approved the site plan for 655 North Maple (R-14-128) which includes a Development Agreement with the City to disconnect 5 footing drains from the sanitary sewer system in accordance with the Guidelines for Completion of Footing Drain Disconnections, City of Ann Arbor - Development Offset-Mitigation Program.
In 2014, City Council approved the site plan for 3451 Platt Road (ORD-14-21) which includes a Development Agreement with the City to disconnect 7 footing drains from the sanitary sewer system. In 2015, City Council approved the PUD site plan for 701 Henry (ORD-15-19) which includes a development agreement with the City to disconnect 1 footing drain from the sanitary sewer system.
The estimated cost of disconnecting these 13 footing drains is $130,000.00 to $156,000.00. These three projects will add 53 apartments for very-low income households to the community and all of the apartments will have a rent subsidy which will enable very low-income renters to pay 30% of their income on rent and utilities. 655 N Maple currently has 23 apartments, 19 of which will be demolished and 42 new apartments will be constructed on the site. 701 Henry currently has 28 apartments which will be ...
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