The URL can be used to link to this page

Home My Public Portal AboutQuimby Affordable Condos Preservation - Metro WestCity of Watertown, MA ARPA Project Proposal Submitted by: Caitlin Madden Submitted on: May 26, 2023 Request Number: ARPA-23 Project Name: Quimby Aﬀordable Condos Preservation Proposal Type: Organization Metro West Collaborative Development Recommended Project Manager: Metro West Collaborative Development Project Summary: Replace roofs and other common areas in order to preserve long-term aﬀordability of these four deed-restricted aﬀordable housing units. Amount of ARPA Funds Requested: $334,203 Minimum Funds Needed: $334,203 Matching funds available? Yes Sale of unit 204,240 Highly Likely Other funds available? Yes City loan forgiveness 59,300 Unsure Project Narrative: I have a detailed narrative to upload 1 City of Watertown American Rescue Plan Act Request for Proposals 1. Applicant name: Metro West Collaborative Development, Inc. 2. Contact person: Caitlin Madden, Executive Director 3. Contact email address: caitlin@metrowestcd.org 4. Contact phone number: 617-923-3505 x 4 5. Project name: Quimby Affordable Condos Preservation 6. Brief Description: This project involves replacing the roofs and making other common area improvements at 28-34 Quimby Street in order to preserve the long-term affordability of these four deed-restricted affordable housing units. Additionally, one unit will be more fully renovated (kitchen, windows, siding) and resold to an income eligible household via a lottery later this year. 7. Amount of ARPA funds requested: $334,203 8. Matching funds available for the project from other sources: a. Source of funds: proceeds from sale of affordable unit b. Amount: $204,240 c. Are funds guaranteed/likelihood: highly likely 9. Other sources of funds that could be used for the project other than ARPA funds: a. Source of funds: Watertown AHDF forgiveness b. Amount: $59,300 c. Are funds guaranteed/likelihood: Unsure. Watertown Affordable Housing Trust has expressed openness to considering forgiveness. 10. Minimum funds needed to make the project worth doing: $334,203. We feel we must complete both the interior renovations to the unit that will be for sale and the common area improvements to be able to responsibly sell the unit to an income-qualified buyer. 11. Recommended project manager: The project will be managed by Metro West Collaborative Development which has 30 years of affordable housing development experience. 12. Narrative description of the project: The Quimby Street Condominiums were developed in 2003 to create four deed-restricted affordable homeownership units for low-moderate-income households. After 20 years, the roofs and some of the common areas need to be replaced. Additionally, one of the units is now available for resale. It was purchased by Metro West CD in 2009 because the recession made a resale to a low-moderate-income homebuyer impossible at the time. Metro West CD has rented it 2 to an income eligible household since then. Vacancy of the unit creates the opportunity for Metro West CD to resell the unit, however it needs additional repairs such as kitchen cabinets and appliances, new windows, flooring and painting. See General Contractor budget attached. a. Detailed budget: attached b. Timeline: • June 2023 – enter into contracts and agreements • July – obtain permits and approvals including DHCD • August – renovation to begin • August – marketing of affordable unit to begin • September – construction complete, open house at affordable unit • October – lottery for affordable unit • December 2023 – sale of affordable unit to eligible household c. Resources required in addition to ARPA funding: Metro West CD will use proceeds of the sale of the affordable unit to pay off existing debt: to a local bank, the City of Watertown and the Commonwealth of MA. d. Metrics for success of the project: Four units of affordable housing will be preserved. e. Outputs / outcomes: The outputs include public funds, Metro West CD staff time to coordinate with the Commonwealth of MA and oversee the general contractor, as well as to implement the affordable housing lottery. Outcomes include a new affordable homeownership opportunity as well as preservation of four affordable homeownership units. f. What will be the overall benefit to Watertown residents: Affordable housing helps to increase and maintain economic and racial diversity while also providing, in this case, an opportunity to purchase an affordable unit in Watertown. g. How the project meets the City’s ARPA proposal criteria: • The project can meet the encumbrance and expenditure deadlines. • The applicant is qualified and has the capacity to execute the project. • The number of residents served is one household, however, the affordable unit will have a 30-year deed restriction and therefore, may serve additional families over time. • The project serves households at or below 80% of the area median income. • The project leverages approximately $210,000 in additional funds. • The project does not have a funding cliff as it is not an on-going program. • The project helps meet “Housing Goal 1” in the comprehensive plan, “Promote and maintain a diverse housing stock with increased funding for housing creation and more opportunities for lower- and middle-income households.” 3 Quimby Condos Preservation May-23 USES Hard Costs Total 28 Q only All 4 units Direct Construction Budget $205,597 $97,539 $108,058 Construction Contingency 15% $30,840 $14,631 $16,209 Total Const. / Rehab. Costs $236,437 $112,170 $124,267 Soft Costs Architecture $18,000 $18,000 $0 Permit Fees $3,547 $3,547 $0 Legal $26,415 $26,415 $0 Title and Recording $5,419 $5,419 $0 Real Estate Taxes $3,357 $3,357 $0 Insurance - course of construction $1,200 $1,200 $0 Appraisal $1,000 $1,000 $0 Financing Costs $9,968 $9,968 $0 Construction Testing $2,000 $2,000 $0 Utilities During Const. $0 $0 $0 Development Consultant $0 $0 $0 Soft Cost Contingency 5% $3,545 $3,545 $0 Total Soft Costs $74,450 $74,450 $0 Loan pay offs: First mortgage $127,267 $127,267 $0 City of Watertown $59,300 $59,300 $0 Commonwealth of MA $17,673 $17,673 $0 Developer Costs Total Developer Costs $23,317 $23,317 $0 Total Development Cost $538,443 $414,177 $124,267 SOURCES Purchase price of 28 Q $ 204,240 ARPA | City funds $ 334,203 Total $ 538,443 Metro West Collaborative Development May 10, 2023 79-B Chapel Street, Newton, MA 02458 Attn: Ms. Caitlin Madden, Executive Director Re: 28 Quimby St. Building Renovation Project 28 Quimby St, Watertown, MA Dear Ms. Madden, We are pleased to provide you with our budgetary proposal for the 28 Quimby St. Building Renovation Project, based on a site visit on January 12, 2022. Please see our pricing breakdown for the below scope of work. Scope of Work 01- Back Porch  Tune up the existing back porch 02- Exterior Windows Replacement on 1st floor and basement  Remove and dispose of the existing window bay in the kitchen on 1st floor and replace it with a new sliding exterior window (1)  Remove and dispose of all windows on 1st floor and basement  Furnish and install new windows by Anderson, 3'-0" x 3'-0" (9)  Furnish and install new windows by Anderson, 3'-0" x 2'-0" (4)  Flashing and sealing the new windows  We assumed that the existing rough framing is in good condition and existing to remain 03- Kitchen Cabinets at 1st Floor  Remove and dispose of the existing kitchen cabinets  Furnish and install new base and wall cabinets, including laminate countertop (cityline, white with shaker doors, laminate tops, stock colors)  Allowance for appliances (Please see allowance #1 below)  MEP connections 30 Willow St., North Andover 01845 Tel. 781‐259‐5000 Fax 781‐259‐5001 04- Floor Finishes Upgrade on 1st Floor and Basement  Steam clean the existing tile and grout flooring in the kitchen area  Sand, seal and apply wood stain to the existing wood flooring on 1st floor  Remove and dispose of the existing carpet at storage (for unit #28) and common hallway on the basement  Allowance for patching and repairs of the existing concrete slab on grade (Please see allowance #2 below)  Apply concrete sealer and paint on the basement 05- Interior Partition Repairs in the Basement  Patch and repair the existing gypsum board layer in the foundation wall at the storage room for unit #28  Close up the soffit in the hallway in the basement 06- Painting on 1st Floor and Basement  Apply primer and paint the existing walls on 1st floor  Apply primer and paint the existing ceiling on 1st floor  Apply primer and paint the existing doors on 1st floor  Apply primer and paint the existing walls in the common hallway and storage for unit #28  Apply primer and paint the existing ceiling in the common hallway and storage for unit #28  Apply primer and paint the existing doors on 1st floor (4) 07- Misc. items  Replace shelves and poles in the closets  Remove and dispose of all curtain blinds 08- Baseboard Heaters on 1st Floor and Basement  Replace the existing baseboard heater covers on 1st floor and basement 09- Electrical on 1st Floor and Basement  Replace electrical fixtures and sockets, switches in the 1st floor  Replace electrical fixtures and sockets, switches in the Basement for unit #28 only Any alteration from the above scope of work involving extra cost will be executed only upon written change order and will be an extra charge over and above the contract price, on time, and material in accordance with our Hourly Rate Sheet, which we have attached with this proposal. 30 Willow St., North Andover 01845 Tel. 781‐259‐5000 Fax 781‐259‐5001 We propose to perform the above scope of work for the sum of the following; 01- Back Porch $2,132.00 02- Exterior Windows Replacement $27,339.00 03- Kitchen Cabinets on the 1st Floor $22,235.00 04- Floor Finishes Upgrade $9,768.00 05- Interior Partition Repairs $1,770.00 06- Painting $15,059.00 07- Misc. Items $1,479.00 08- Baseboard Heaters $11,359.00 09- Electrical $6,398.00 THE ESTIMATED TOTAL BUDGETARY CONSTRUCTION COST $97,539.00 Allowance #1: Allowance for appliances - $1,500 (this is included in the base bid) Allowance #2: Allowance for patching and repairs of the existing concrete slab on - $500 (this is included in the base bid) Qualifications & Exclusions:  We have not included prevailing wage rates, union workers, or wages  We have not included any minority requirements  We have not included any engineering, calculations, or architectural fees (Please see attached document for architectural fees as a addition to thi proposal)  We have not included cost increases for work done next year and beyond  We have not included any testing, removal, disposal, or remediation of hazardous materials  We assume work hours to be Monday through Friday between 7:00 am and 4:00 pm  We have not included any police details  We have not included any bond  We have not included any repairs for the existing structural deck  We have not included any winter conditions, snow removal, or project heating  We have not included any monthly fire alarm fees  We have not included any waterproofing of floors  We have not included any MEP work other than indicated above  We have not included any FF&E  Interior work is limited to items listed above  We assume parking is free and available on site  We assume water and electricity will be provided to the contractor by the owner at no cost to the contractor  We have not included removal, storage, or replacement of the occupant's furnishing, artwork, etc.  We assume others will move the occupant's belongings to provide adequate space prior to identified construction works  We assume the unit will be unoccupied for the entire duration of the construction  We have not included any special accommodations for the Covid 19 Virus outside of our standard OSHA safety program 30 Willow St., North Andover 01845 Tel. 781‐259‐5000 Fax 781‐259‐5001  No additional mobilizations if the work is suspended for reasons not in the control of Knollmeyer Building Corp.  The base bid price is based on the products listed above; no specs were provided. If the owner elects to purchase alternate products, the price will be credited or debited depending on the difference.  This proposal is valid for 30 days We appreciate the opportunity to provide you with our proposal. Please do not hesitate to reach out with any questions or concerns. Sincerely, Tulin Erdem Chief Estimator TErdem@knollmeyerbuildingcorp.com Knollmeyer Building Corporation Metro West Collaborative Development May 10, 2023 79-B Chapel Street, Newton, MA 02458 Attn: Ms. Caitlin Madden, Executive Director Re: 28-30 and 32-34 Quimby St Buildings Common Areas Renovation Project 28-30 and 32-34 Quimby St, Watertown, MA Dear Ms. Madden, We are pleased to provide you with our budgetary proposal for the 28-30 and 32-34 Quimby St Buildings Common Areas Renovation Project, based on a site visit on January 12, 2022. Please see our pricing breakdown for the below scope of work. Scope of Work 1-Roof Replacement including 28-30, 32-34 Quimby Roofing Remove and dispose of the existing asphalt shingle roofing The existing plywood sheathing is existing to remain Furnish and install new asphalt shingle roofing 2-The Existing Siding Repairs for 28-30 Quimby St. Building Patch and repair the existing vinyl siding at the front and back side of the building, assuming 100 SF of the existing vinyl siding will be repaired Replace the existing gable roof edge rake with PVC edge rake 3-Front Porch for 28-30 Quimby St. Building Remove and dispose of the existing porch at the front of the building, including 2 floors Furnish and install a new porch, including composite decking and vinyl railing 4-Construction Debris Underneath the Front Porch for 28-30 Quimby St. Building Remove and dispose of the existing construction debris underneath the front porch 30 Willow St., North Andover 01845 Tel. 781‐259‐5000 Fax 781‐259‐5001 5-Exterior Entrance Door Replacement for 28-30 Quimby St. Building Remove and dispose of the existing single-leaf entrance doors at 2 locations Furnish and install 3'-0" x 7'-0" single leaf Therma-Tru metal door including metal frame and hardware, excluding screen door Flashing and sealing the new doors Any alteration from the above scope of work involving extra cost will be executed only upon written change order and will be an extra charge over and above the contract price, on time, and material in accordance with our Hourly Rate Sheet, which we have attached with this proposal. We propose to perform the above scope of work for the sum of the following; Common Proposal $25,000.00 $5,772.00 $71,084.00 $1,607.00 01- Roof Replacement including 28-30, 32-34 Quimby Roofing 02- Siding Repairs 03- Front Porch 04- Construction Debris Underneath Front Porch 05- Exterior Entrance Door Replacement $4,595.00 THE ESTIMATED TOTAL BUDGETARY CONSTRUCTION COST $108,058.00 Qualifications & Exclusions: We have not included prevailing wage rates, union workers, or wages We have not included any minority requirements We have not included any engineering, calculations, or architectural fees (Please see attached document for architectural fees as a addition to thi proposal) We have not included cost increases for work done next year and beyond We have not included any testing, removal, disposal, or remediation of hazardous materials We assume work hours to be Monday through Friday between 7:00 am and 4:00 pm We have not included any police details We have not included any bond We have not included any repairs for the existing structural deck We have not included any winter conditions, snow removal, or project heating We have not included any monthly fire alarm fees We have not included any waterproofing of floors We have not included any MEP work other than indicated above We have not included any FF&E Interior work is limited to items listed above We assume parking is free and available on site We assume water and electricity will be provided to the contractor by the owner at no cost to the contractor 30 Willow St., North Andover 01845 Tel. 781‐259‐5000 Fax 781‐259‐5001 We have not included removal, storage, or replacement of the occupant's furnishing, artwork, etc. We assume others will move the occupant's belongings to provide adequate space prior to identified construction works We assume the unit will be unoccupied for the entire duration of the construction We have not included any special accommodations for the Covid 19 Virus outside of our standard OSHA safety program No additional mobilizations if the work is suspended for reasons not in the control of Knollmeyer Building Corp. The base bid price is based on the products listed above; no specs were provided. If the owner elects to purchase alternate products, the price will be credited or debited depending on the difference. This proposal is valid for 30 days We appreciate the opportunity to provide you with our proposal. Please do not hesitate to reach out with any questions or concerns. Sincerely, Tulin Erdem Chief Estimator TErdem@knollmeyerbuildingcorp.com Knollmeyer Building Corporation