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HomeMy WebLinkAboutNational Development CouncilCITY WASHINGTON Agreement for Services This Agreement is made effective as of March 6, 2012, by and between NATIONAL DEVELOPMENT COUNCIL DEVELOPMENT, INC. ( "NATIONAL DEVELOPMENT COUNCIL ") and the CITY OF AUBURN ( "CITY "). The parties agree as follows: 1. DESCRIPTION OF SERVICES. NATIONAL DEVELOPMENT COUNCIL agrees to provide technical assistance consulting services in the areas of community and economic development as identified in Appendix A of this agreement. At a minimum, technical consulting services would include assistance to the City for the development and structuring of New Markets Tax Credits for the Community Center at Les Gove Campus, identification of additional funding sources and programs for the Community Center, development and implementation of strategies for City's involvement in the Grow American Fund and strategic planning for the Human Services One Stop Services Center. The attached Scope of Services describes the assistance available under this Technical Assistance Agreement during the specified contract period. The CITY and NATIONAL DEVELOPMENT COUNCIL by mutual agreement may revise this Scope. The CITY will direct NATIONAL DEVELOPMENT COUNCIL "s activities and determine which services rendered by NATIONAL DEVELOPMENT COUNCIL and payment by the CITY evidences the CITY's acceptance of the assistance provided under this Agreement. 2. PAYMENT. The CITY will pay a fee to NATIONAL DEVELOPMENT COUNCIL for services provided in the not to exceed amount of $25,000.00 to be paid monthly in the amount of $3,571.00 for services delivered as described in the Scope of Work (Exhibit "A "). NATIONAL DEVELOPMENT COUNCIL shall on a monthly basis submit an invoice for services performed to CITY with appropriate supporting documentation, as needed, evidencing type of work performed, person who performed work,. Notwithstanding its rate and payment provisions contained in its proposal for services, NATIONAL DEVELOPMENT COUNCIL understands and agrees that payments must go through City Council authorization at a regularly scheduled Council meeting and as such, payment shall only occur after this authorization has been received. 3. EXPENSE REIMBURSEMENT. NATIONAL DEVELOPMENT COUNCIL shall pay all "out -of- pocket" expenses, and shall not be entitled to reimbursement from the CITY except for specific services, items or activities listed in the Scope of Services as reimbursable goods or services. 4. TERM/TERMINATION. A. This Agreement is effective upon both party's signature, and expires at 11:59 p.m. on September 30, 2012 or when all services have been provided, unless extended by mutual agreement prior to the completion of all services. B. Either party may terminate the Agreement by notifying the other party in writing within seven (7) days of the intent to terminate. If this Agreement is terminated, CITY shall pay NATIONAL DEVELOPMENT COUNCIL for all work performed as of the date of termination. 5. RELATIONSHIP OF PARTIES. NATIONAL DEVELOPMENT COUNCIL is an independent contractor with respect to the City of Auburn, and not an employee of the CITY. The CITY will not provide fringe benefits, including health insurance benefits, paid vacation, or any other employee benefit, for the benefit of NATIONAL DEVELOPMENT COUNCIL. 6. EMPLOYEES. The provisions of this Agreement shall also bind NATIONAL DEVELOPMENT COUNCIL employees who perform services for the CITY under this Agreement. Page 1 of 7 AUBURN * MORE THAN YOU IMAGINED 7. INDEMNIFICATION / HOLD HARMLESS. NATIONAL DEVELOPMENT COUNCIL shall defend, indemnify and hold the CITY, its officers, officials, employees and volunteers harmless from any and all claims, injuries, damages, losses or suits including attorney fees, arising out of or resulting from the acts, errors or omissions of NATIONAL DEVELOPMENT COUNCIL in performance of this Agreement, except for injuries and damages caused by the sole negligence of the City. The CITY shall defend, indemnify and hold NATIONAL DEVELOPMENT COUNCIL, its officers, officials, employees and volunteers harmless from any and all claims, injuries, damages, losses or suits including attorney fees, arising out of or resulting from the acts, errors or omissions of the CITY in performance of this Agreement, except for injuries and damages caused by the sole negligence of NATIONAL DEVELOPMENT COUNCIL. 8. INSURANCE. NATIONAL DEVELOPMENT COUNCIL shall procure and maintain for the duration of the Agreement, insurance against claims for injuries to persons or damage to property which may arise from or in connection with the performance of the work hereunder by NATIONAL DEVELOPMENT COUNCIL, its agents, representatives, or employees. A. Minimum Scope of Insurance: NATIONAL DEVELOPMENT COUNCIL shall obtain insurance of the types described below: 1. Automobile Liability insurance covering all owned, non - owned, hired and leased vehicles. Coverage shall be written on Insurance Services Office (ISO) form CA 00 01 or a substitute form providing equivalent liability coverage. If necessary, the policy shall be endorsed to provide contractual liability coverage. 2. Commercial General Liability insurance shall be written on ISO occurrence form CG 00 01 and shall cover liability arising from premises, operations, independent contractors and personal injury and advertising injury. The CITY shall be named as an insured under NATIONAL DEVELOPMENT COUNCIL's Commercial General Liability insurance policy with respect to the work performed for the CITY. 3. Workers' Compensation coverage as required by the Industrial Insurance laws of the State of Washington. 4. Professional Liability insurance appropriate to NATIONAL DEVELOPMENT COUNCIL's profession. B. Minimum Amounts of Insurance: NATIONAL DEVELOPMENT COUNCIL shall maintain the following insurance limits: 1. Automobile Liability insurance with a minimum combined single limit for bodily injury and property damage of $1,000,000 per accident. 2. Commercial General Liability insurance shall be written with limits no less than $1,000,000 each occurrence, $2,000,000 general aggregate. 3. Professional Liability insurance shall be written with limits no less than $1,000,000 per claim and $1,000,000 policy aggregate limit. C. Other Insurance Provisions: The insurance policies are to contain, or be endorsed to contain, the following provisions for Automobile Liability, Professional Liability and Commercial General Liability insurance: 1. NATIONAL DEVELOPMENT COUNCIL's insurance coverage shall be primary insurance as respect to the CITY. Any insurance, self - insurance, or insurance pool coverage maintained by the CITY shall be excess of NATIONAL DEVELOPMENT COUNCIL's insurance and shall not contribute with it. Page 2 of 7 2. NATIONAL DEVELOPMENT COUNCIL's insurance shall be endorsed to state that coverage shall not be cancelled by either party, except after thirty (30) days prior written notice by certified mail, return receipt requested, has been given to the CITY. D. Acceptability of Insurers: Insurance is to be placed with insurers with a current A.M. Best rating of not less than A: VII. E. Verification of Coverage: NATIONAL DEVELOPMENT COUNCIL shall furnish CITY with original certificates and a copy of the amendatory endorsements, including but not necessarily limited to the additional insured endorsement, evidencing the insurance requirements of NATIONAL DEVELOPMENT COUNCIL before commencement of the work. 9. ASSIGNMENT. NATIONAL DEVELOPMENT COUNCIL's obligations under this Agreement may not be assigned or transferred to any other person, firm, or corporation without the prior written consent of the CITY. 10. NOTICES. All notices required or permitted under this Agreement shall be in writing and shall be deemed delivered when delivered in person or deposited in the United States mail, postage prepaid, addressed as follows: IF for NATIONAL DEVELOPMENT IF for the CITY: COUNCIL: Chuck Depew, Director NATIONAL DEVELOPMENT COUNCIL 1218 Third Avenue, Suite 1403 Seattle, WA 98101 Kevin Snyder Planning and Development Director CITY OF AUBURN 25 W. Main Street Auburn, WA 98001 Such address may be changed from time to time by either party by providing written notice to the other in the manner set forth above. 11. ENTIRE AGREEMENT. This Agreement contains the entire agreement of the parties and there are no other promises or conditions in any other agreement whether oral or written. This Agreement supersedes any prior written or oral agreements between the parties. 12. AMENDMENT. This Agreement may be modified or amended if the amendment is made in writing and is signed by both parties. 13. SEVERABILITY. If any provision of this Agreement shall be held to be invalid or unenforceable for any reason, the remaining provisions shall continue to be valid and enforceable. If a court finds that any provision of this Agreement is invalid or unenforceable, but that by limiting such provision it would become valid and enforceable, then such provision shall be deemed to be written, construed, and enforced as so limited. 14. WAIVER OF CONTRACTUAL RIGHT. The failure of either party to enforce any provision of this Agreement shall not be construed as a waiver or limitation of that party's right to subsequently enforce and compel strict compliance with every provision of this Agreement. 15. APPLICABLE LAW. This Agreement shall be governed by the laws of the State of Washington. Venue for any court action shall be in King County, Washington. Page 3 of 7 The undersigne Signed: Date: ve statements, understand them and agree to abid rby their tetms. a .41th a-, Signed: Date: Page 4 of 7 tot EDIT "A" - SCOPE OF SERVICES To promote redevelopment within the City of Auburn, WA, the City is leading a variety of community and economic'development projects. National Development Council (NDC) will provide 'technical assistance to the City, and its staff in reviewing, structuring and financing specific redevelopment projects and other economic development programs. In addition, NDC will administer: a small business loan fund (Grow King County) for providing SBA 7a loans to area small businesses. The following describes in detail the tasks to be performed by the National Development Council for the City of Auburn'under this Agreement: Task 1: NDC will conduct within the first forty-five (45) calendar days of Agreement execution a financial feasibility for the project financing of the Community Center. This feasibility will identify and analyze potential available funding sources including but not limited to New M arkets "Tax Credits, 63 -20 tax exempt bonds, existing City funds and other potential local, regional, state or federal funding. sources. The analysis will address issues including but not limited threats and opportunities for the funding options, conditions or limitations for funding availability, matching or other requirements placing a financial obligation on the City and key actions needed to pursue and implement the potential funding sources. The financial feasibility will be presented in a concise white paper format with attendant and necessary explanatory graphics. Following initial production, NDC will meet with City staff to review and discus the draft document and make necessary changes and amendments. An NDC representative will attend one or more meetings with the City's Les Gove Community Campus Committee, as requested, to present on and discuss the white paper. Task 2: NDC will initiate and manage a financing process with the'Client, the Client's consultants and advisors, prospective investors and King County Housing Authority (CDE) to provide New Markets Tax Credits in a structure necessary to finance construction of community facilities in the Les Cove Campus. Assistance may include, as directed: A. Solicitation of prospective investor interest in the project B. - Provision of financial underwriting analysis necessary for evaluation of the project C. Advising on tax credit equity sources, requirements and structuring D: Identification of other funding sources when required E. Structuring of loan documents F. Advising on program regulation issues Task 3: NDC will review and evaluate projects being considered by the City of Auburn, WA for community and economic development assistance. Assistance may include, as directed: A:. Evaluation of sponsor /developer experience and capacity B. Financial review and' structuring C. Review of appraisals, cost assumptions, capital budgets, operating statements, marketing data and other funding commitments D. Advising on tax credit equity sources, requirements and structuring E. Identification of other funding sources when required F. Assistance with development issues during pre - development and development G: Structuring loan documents and development agreements H. Advising on program regulation issues Page 5 of 7 . Task 4: NDC will provide technical support and /or financial analysis of economic and/or housing development program proposals as requested by various communities, as•approved by the City. Task 5: NDC •will, at the direction of the City, provide technical assistance and advocacy in efforts to seek awards of foundation and /or governmental monies and approval of various programs. Task 6: NDC will provide up to six (6) scholarships for City staff to participate in NDC's economic development and/or housing development finance training. Task 7: NDC will assist the City in developing and administering a small business loan fund (Grow King County) for providing SBA 7a loans to area small businesses subject to the following provisions: A. Grow King County (hereafter referred to GAF) has been initially capitalized with funds provided by the Seattle Foundation. Additional capital funds may be provided by the City at any time in order to expand the resources available for small businesses within Auburn, WA. B. GAF and the City will jointly create an Economic Development Financing system that recognizes the purpose of bringing the Grow King County Fund to the community is to provide sound financing to healthy, growing small businesses, which is critical to the creation of permanent jobs. As such, fully trained professional" staff (referred to as Economic Development Professionals (EDP)) provided by the City are essential to imbue the program with credibility in the local community and to complete the team necessary for the program's success. C. EDP's will perform the following services: 1. Participate in developing a marketing program and establishing periodic goals. 2. Assist in establishing a database of potential referral sources for the Grow King County program. 3. Assist in preparation of marketing materials. 4. Disseminate the application package provided by GAF to potential borrowers. 5. Gather the application information and perform a review for package completeness and preliminary qualification of potential borrowers. 6. Assist GAF loan officer in scheduling meetings and site visits with potential borrowers' places of business. 7. Provide support to the GAF closing and servicing teams when needed and requested. D. GAF will use its SBLC license to make SBA guaranteed loans sponsored by the Client: and provide staff to operate Grow King County in conjunction with the client's local staff provided by the Client to operate the fund in a prudent and businesslike manner. Staff provided by GAF will perform the following services: 1. Assist in marketing the Grow King County program 2. Assist in originating and packaging, loans 3. Underwrite all loans 4., Obtain GAF and SBA approvals 5. Close, service, and collect loans 6. Perform appropriate periodic reviews of each loan 7. Provide reporting as required by the Client in a form acceptable to Client. Page 6 of 7 E. The City and National Development Council agree that acceptable form and format documentation for required reporting is the complete GAF quarterly portfolio status report to the :City and the loan report for each Grow King County borrower' located in Auburn, WA, including all relevant information as provided by the borrower. Page.? of 7 NATIONAL DEVELOPMENT COUNCIL Partners in Community Development Since 1969 STATEMENT OF QUALIFICATIONS NATIONAL DEVELOPMENT COUNCIL The National Development Council ( "NDC ") is one of the nation's oldest and most respected 5oi(c)(3) corporations dedicated to community and economic development finance. Established in 1969 by Samuel S. Beard, its current and founding Chairman, NDC works with more than 110 communities across the continental United States and the Commonwealth of Puerto Rico to create jobs and to create and preserve safe, adequate, affordable housing for low and moderate income families. NDC clients are units of government, public agencies, and other non - profit organizations. NDC works with the community on many levels to help make programs work and projects happen, by providing financial analysis skills, development expertise, access to public and private sector financing for project development, knowledge of federal, state and local financing programs, and training. NDC assists its clients in four primary areas: Technical assistance NDC provides specialized one -on -one technical assistance to nonprofit organizations, local government and housing authority clients in over no different communities nation -wide. Support includes the financing and development of economic and affordable housing projects, local program development, resource development, asset management, specialized financing tools and techniques and direct assistance with real estate development review and underwriting. Project development & Asset Management NDC has acted as non - profit developer, owner & asset manager of more than $2 billion of affordable housing, commercial, research facilities and economic development for the benefit of government and not - for - profit clients nation -wide Trainin NDC's development finance training programs for economic development and affordable housing are nationally recognized for their quality and attended by public sector staff, community development non - profits, and private sector professionals involved in the structuring, financing, development and implementation of housing /economic development projects Investment Capital To assist client projects, NDC has created a number of affiliate entities which provide investment capital. Major sources include funds investing in small business finance, tax credit funds using Low Income Housing Tax Credits, Rehabilitation Tax Credits, Energy Credits and New Markets Tax Credits. 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'apuelsui and saaquanu aoj. luau) e se u!ewaa sa! }!unwwoo Auew 'saohaa!p JaN pue as!laadxa ayl of and •a)!Mas WO) s,3GN, u!ewaa 6u!pl!nq Alpedep pue aDuels!sse le)!uypal'sa!l!unwwo) luau) dial of ajgel!ene sjool ;o A3auen ayl u! anblun s! 3aN al!gm 69o1saws pau,dotanad diiunu;wo) t jsTuiiod lbt4nO)?1N3Wd013A3a tits! flirt 'NATI,ONAL'DEVEL"OPMENT,COUNCIL Po (n ei'rnCommuni tyDeveloprneni`5ince.1969 City of Vancouver, Washington NDC assisted the City of Vancouver, WA with a 3 city block downtown site (The Brewery site- home to a former beer brewery) that included issuing separate RFPs for the successful redevelopment all three blocks. The site is fully developed as mixed use retail office and housing. It anchored the revitalization of downtown Vancouver. NDC is currently assisting the City in the redevelopment of a iz acre site on the downtown's waterfront. Public Financing In many client communities, NDC underwrites proposals for public financing support. Whether using federal financing programs or local resources, NDC acts as an independent third -party providing the Agency will an independent review of development assumptions and appropriate financing structures. City of Seattle, Washington The State of Washington does not have tax increment financing and has a conservative. "lending of credit" prohibition. As such, most public financing programs in Washington State derive from federal programs, typically HUD 1o8 and CDBG Float Loan programs. In Seattle,_ NDC has advised on over $70 million of financing for projects ranging from neighborhood shopping centers, mixed use housing and grocery stores. No loan has defaulted to date. City of Tacoma. Washington Similar to Seattle services, NDC advises Tacoma on project financing. One notable example includes advising on a local Sheraton - hotel. A Section 3.08 was provided with the City participating in the project's cash flow and proceeds of sale and refinance. When the hotel was recently sold the City received payment of its loan plus an additional 5o% in proceeds due to the structuring. NDC is currently developing a financing plan for the world's largest auto museum in Tacoma. This will likely involve public 3.o8 financing and new markets tax credits. Yakima. Washington In Yakima, Washington, NDC assisted in the structuring of financing to redevelopment the downtown after the City lost 7o percent of its downtown retail. 1218 THIRD AVENUE SUITE 1403 SEATTLE,' WASHINGTON 98101 Telephone (206) 441-5368 www .nationaldevelopmentcouncil.org 3 iur NATIONAL DEVELOPMENT COUNCIL Poriners nConimuniryDevelopment Since"I469 We have structured small business loans, attracted and helped finance a Hotel, downtown condos, restaurants, a winery and a motel. To assist a challenging hotel development, at the request of the client, NDC additionally arranged for the delivery of equity investment through New. Markets Tax Credits with NDC affiliates. The project created 120 hotel rooms and anchored a new commercial center in the city's downtown area. Public Private Partnerships Implementation of redevelopment plans often call for use of public — private partnerships. NDC has also assisted clients in their efforts to seek private development partners. Laramie, Wyoming In Laramie, Wyoming, the University of Wyoming and Wyoming-Business Council staff partnered to assist development of a university- sponsored conference center and hotel. In a very difficult economic environment, NDC was asked by ow client, the Business Council, to assist with due diligence reviews of the selected developer, underwriting of the project structure, assistance with local lenders with their respective financing reviews, and work with university staff which was ground leasing the property for the project. The hotel developer was additionally constructing and operating the adjoining conference facility. At the request of the client, NDC additionally arranged for the delivery of equity investment through New Markets Tax Credits with NDC affiliates. The project created 135 hotel rooms and anchored a new commercial center owned by the University. The project is completed and performing better than projected. Seattle, Washington As part of the revitalization of Seattle's downtown area, the need for a non profit to construct and initially operate a parking structure became an essential project. NDC stepped in, using one of its affiliate entities, to finance, construct and operate a downtown underground parking structure on behalf of the City. After initial operations, the City purchased the facility at a pre- negotiated price without having to bear construction risks for the facility. The facility has rbeen very successful in meeting short-term parking needs for the local retail core, generating sufficient 1218 THIRD AVENUE SUITE 1403 SEATTLE, WASHINGTON 98101 Telephone (206) 441 -5368 www .nationaldeveloomentcouncil.org 4 NATIONAL DEVELOPMENT COUNCIL Ponders in Community Development Since 15169 revenues to service debt and providing additional revenues for the City's general fund. Salt Lake City — Department of Public Services Salt Lake City's Department of Public Services was struggling with financing of a new community center. Donated funds were not sufficient to finance the construction of the new facility,. NDC was asked to help financing of the facility and delivered financing from new markets tax credits that covered construction costs for the facility and actually saved the City funds which were used for operating needs. The project is open and providing services to the surrounding diverse community. 1218 THIRD AVENUE SUITE 1403 SEATTLE, WASHINGTON 98101 Telephone (206),;441 - 5368 www .nationaldevelopmentcouncil.org 5 NATIONAL DEVELOPMENT COUNCIL Partners in Community Development Since 1969 H. REFERENCES References for services provided by the National Development Council include: Services Provided by the Seattle Office Jessica Norie, Executive Director Artspace Utah 230 South 55 West, Suite 235 Salt Lake City, Utah 84101 (801) 355-0538 Jessica ®artspaceutah.org Steve Johnson, Acting Director City of Seattle — Office of Economic Development 700 Fifth Avenue, Suite 5752 Seattle, Washington 98124 -4708 (206) 684 -8090 Steve.Johnson®seattle.gov Martha Anderson, Assistant Director Community and Economic Development Department City of Tacoma 747 Market Street, Suite goo Tacoma, Washington 98402 (253) 591 -5207 mandersoOci.tacoma.wa.us Bob McLaurin, Town Administrator Town Of Jackson 150 E. Pearl Jackson, Wyoming (307) 733-3932, ext.3.o8 bmclaurinQci.jackson.wy.us 1218 THIRD AVENUE SUITE 1403 SEATTLE, WASHINGTON 98101 Telephone (206) 441 -5368 www .nationaldevelopmentcouncil.org 6 sir NATIONAL DEVELOPMENT COUNCIL Partners in Community Development Since 1969 Tom Johnson Wyoming Business Council 1400 College Drive Laramie, Wyoming 82007 (307) 635 -7735 Tom.Johnsor ahwvbusiness.orq 1218 THIRD AVENUE SUITE 1403 SEATTLE, WASHINGTON 98101 Telephone (206) 441-5368 www.nationaldevelopmentcouncil.org 7 11Ir NATIONAL DEVELOPMENT COUNCIL Portners in Community Development Since 1969 I. ADDITIONAL MATERIALS As mentioned previously, NDC is unique in the variety of additional services available to client cities. These additional benefits would be available to the Agency, upon request. Trainin NDC administers a nationally- recognized training program in housing and economic development finance. Information on the classes have been included in materials provided for this submission. Training was developed for two primary purposes: 1. Increase the capacity of N DC's clients and their staff. We firmly believe in assisting the continuing education needs of our public sector and non -profit clients; and 2. Teaching what NDC does with client communities. Upon request NDC will make available training slots in schedule classes at no tuition cost to client communities. In other cases, NDC staff might conduct in- house, shorter training workshops direct to Agency staff at Agency offices. These additional services would be provided at no additional cost to the Agency. NDC as Implementation Partner To support client needs, NDC has created several affiliate entities that assist in implementing client economic development strategies. Available upon request, in many client communities NDC has: • Developed and financed public parking facilities; and • Developed and financed public facilities such as City Halls, Libraries, and Educational facilities; and • Used federal tax credit equity to finance public facilities or support agency - sponsored private development projects; and • Implement small business lending programs within specific redevelopment areas or to specific priority economic sectors. Some information on the above has been provided in the materials contained with this submittal. More detail on the above can be provided upon request. For the Agency, it is important to know that NDC can go beyond just advising on redevelopment actions. In client communities where local development capacity is missing or for projects that might 1218 THIRD AVENUE SUITE 1403 SEATTLE, WASHINGTON 98101 Telephone (206) 441 -5368 www .nationaldeveloomentcouncil.or8 8 111r NATIONAL DEVELOPMENT COUNCIL Partners in Community Development Since 1969 be enhanced with a non -profit development partner or alternative financing, NDC can additionally help. In the end, our economic development products were designed to assist our public sector clients carry out their community development strategies. NDC goes beyond just talking and advising to be more directly accountable for development and finance. These are undertaken only on behalf of clients and at their request. 1218 THIRD AVENUE SUITE 1403 SEATTLE, WASHINGTON 98101 Telephone (206) 441 -5368 www .nationaldeveloomentcouncil.org 9 • NATIONAL DEVELOPMENT COUNCIL Partners' n Community Development Since 1969 NDC STAFFRESUMES CHUCK DEPEW MICHELLE MORLAN JOHN FINKE 1218 THIRD AVENUE SUITE 1403 SEATTLE, WASHINGTON 98101 Telephone (206) 441 -5368 www .nationaldevelopmentcouncil.org 10 NATIONAL DEVELOPMENT COUNCIL Partners in Community Development Since 1959 CHUCK DEPEW, DIRECTOR NATIONAL DEVELOPMENT COUNCIL PROFESSIONAL EXPERIENCE NATIONAL DEVELOPMENT COUNCIL September 1999 to Present Responsibilities include: Provide financial underwriting, project as well as program development services to government, foundation and other non - profit agencies related to community economic development projects. Specific areas of work included: • Provide financial underwriting services for the Kitsap County Consolidated Housing Authority and the balance ($34 million) NMTC allocation, Salt Lake City government and Salt Lake County. • Provide financial advising services for New Markets Tax Credit investments including the Boys and Girls Club of King County, Central Area Development Association, Puget Sound Educational Services District, FareStart, NW Harvest, and Sorenson Unity Center. • Program development and financial modeling for the establishment of a $50 million community development investment fund. Work included creation of loan products, initial financial underwriting and creation of a financial model for the organization for their initial 8 year operating period. • Established an annual $3.5 million short -term development loan fund for Snohomish County, Washington's nonprofit housing development efforts. • Managed public investments for a mixed income affordable housing development in Jackson Hole, Wyoming. 1218 THIRD AVENUE SUITE 1403 SEATTLE, WASHINGTON 98101 Telephone (206) 441 -5368 www .nationaldevelopmentcouncil.org 11 illr CITY OF SEATTLE OFFICE OF THE EXECUTIVE OFFICE OF ECONOMIC DEVELOPMENT January 1992 to September 1999 NATIONAL DEVELOPMENT COUNCIL Partners in Community Development Since 1969 • Managed financial underwriting for new markets investments in Casper, Wyoming; a affordable housing artist live /work and commercial project and community center in Salt Lake City, Utah; as well as an investment with a community land trust. Additionally responsible for project development and finance assistance to Satsop, Washington; Everett, Washington; throughout the State of Wyoming and separately in Jackson Hole, Wyoming; and to Anchorage, Alaska. Other responsibilities include teaching commercial and housing real estate finance in the National Development Council's leading finance training certification program, as well as bank - sponsored community development finance courses for non- profit agencies. Deputy Director Responsibilities Include: Managed the full range of community economic development activities funded through the Office of Economic Development including the supervision of approximately 15 - 18 professional and administrative staff focused on community, industrial, business, and downtown development. Directly responsible for private and intergovernmental redevelopment projects such as the Pacific Place project; "brownfields" efforts; real estate financing related to the acquisition of the Fred Hutchinson Cancer Research Center; financial 1218 THIRD AVENUE SUITE 1403 SEATTLE, WASHINGTON 98101 Telephone (206) 441 - 5368 www. nationaldevelonmentcouncil.ortg 12 NATIONAL DEVELOPMENT COUNCIL Pavers in Community Development Since 1959 and project support totaling $15 million for neighborhood retail and mixed use housing developments in Seattle inner city neighborhoods. Other duties included representing the City in a multi - million dollar foundation -led effort to fund inner city development activities (became the Seattle Community Development Collaborative), managing $5 million in annual economic development funding, $15 million in short-term as well as $54 million in long -term real estate financing. Functions further included policy and project development, presentations / briefings of the Mayor's Office and City Council, managing legal work, community reviews, administering contracts and reports required to meet state and federal funding guidelines, legal requirements, in addition to executive / legislative reviews. Approximately February, 1999 — August, 1999 - On Loan Executive — Seattle Community Development Collaborative (SCDC) Served, on loan from the Office of Economic Development, as the last executive director of the Seattle Community Development Collaborative. The Collaborative was funded by local Seattle foundations, local government and the Ford Foundation to provide capacity building technical assistance and organizational funding for Seattle community development corporations. SCDC was one of the three nonprofits which merged to create Impact Capital. 1218 THIRD AVENUE SUITE 1403 SEATTLE, WASHINGTON 98101 Telephone (206) 441 -5368 www .nationaldevelopmentcouncil.org 13 sir NATIONAL DEVELOPMENT COUNCIL Pawners in Community Development Since 1969 Duties included staffing the SCDC Board of Directors, managing organization finances, directing staff, managing CDC investment decisions as well as further development of the business planning outcome based funding system for investments in community development corporations. Participated in a national workshop on CDC capacity building hosted by LISC's ODI work group as well as a capacity building exercise sponsored by LISC — SF Bay Area and carried out by The Rennselaerville Institute. Finally, organized board decision - making which led to the decision to merge with Puget Sound LISC, and the Washington Community Development Loan Fund. EDUCATION University of California, Santa Cruz Santa Cruz, California Bachelor of Arts Environmental Planning, 1982 University of Washington Seattle, Washington Masters in Urban Planning, 1993 University of Washington Extension Certificate in Commercial Real Estate Development, 1990 National Development Council Certified Economic Development Finance Professional, 1995 Certified Housing Development Professional, 1998 PROFESSIONAL MEMBERSHIPS Member American Planning Association Member National Association of Housing Rehabilitation Officials (NAHRO) Member Urban Land Institute (ULI) 1218 THIRD AVENUE SUITE 1403 SEATTLE, WASHINGTON 98101 Telephone (206) 441 -5368 www .nationaldevelonmentcouncil.org 14 1�r NATIONAL DEVELOPMENT COUNCIL Partners in Community Development Since 1969 MICHELLE MORLAN, DIRECTOR NATIONAL DEVELOPMENT COUNCIL Twenty years real estate development, land use planning and social service experience Real Estate Finance & Development March '05 — Present: Director, National Development Council — Providing technical assistance in housing and economic development to client cities; Underwrite and close Western Region NDC New Markets Tax Credit financing; provide national training for NDC Housing Development Finance Professional Certification courses April '98 — February '05: Senior Developer providing full service real estate development consulting services for a state -wide Washington nonprofit 1993 - 1995: Vice President of Real Estate Development, for a nonprofit housing development corporation in Honolulu, Hawaii 1991: Housing Specialist for a nonprofit Community Development Corporation in Detroit, Michigan City Planning September '95 — September '98: Current & Long Range Planner for a medium sized city and a large metropolitan county in Washington State Social Services 1988 - 1990: Case Manager for two nonprofit social service providers in Indiana REPRESENTATIVE REAL ESTATE DEVELOPMENT: • New construction and large -scale historic rehab • Multi- family affordable rental housing • Special needs shelter, transitional and permanent housing with services • Mixed - income, mixed -use housing, offices and services • Senior independent living units • Financing of multiple commercial /retail developments nationally 1218 THIRD AVENUE SUITE 1403 SEATTLE, WASHINGTON 98101 Telephone (206) 441 -5368 www .nationaldevelopmentcouncil.orq 15 iur NATIONAL DEVELOPMENT COUNCIL Partners in Community Development Since 1969 FINANCING EXPERIENCE: • HUD 108, BEDI , 202/811, HOME /CDBG, SHP /McKinney, FHLB & FEMA • New Markets Tax Credits /LIHTCs /Historic Rehab Tax Credits • Tax - Exempt Bonds, Tax Increment Financing • State, Local, Private and Conventional sources EDUCATION Masters of Urban Planning /Masters of Social Work, University of Michigan BA, Social Work/ Sociology, Purdue University 1218 THIRD AVENUE SUITE 1403 SEATTLE, WASHINGTON 98101 Telephone (206) 441 -5368 www .nationaldevelopmentcouncil.org 16 NATIONAL DEVELOPMENT COUNCIL Partners in Community Development Since 1959 JOHN FINKE, SENIOR DIRECTOR NATIONAL DEVELOPMENT COUNCIL Employment: Senior Director: The National Development Council 2004 - Present Director of the National Development Council's activities in the western United States Northwest Director: The National Development Council. 1983 - Present Responsible for NDC services in the northwestern states of Alaska, Washington, Oregon, Idaho, Montana and Wyoming including: • Underwritten in excess of $100,000,000 in Section 108 lending, and $50,000,000 in Community Development Float lending, financed numerous projects using with tax exempt bonds, conventional bank financing, Small Business Administration Guarantees, Low Income Housing Tax Credits, Historic Tax Credits and HOME funding. • Serves as community development finance advisor to the cities and counties in the northwestern states of Alaska, Washington, Oregon, Idaho, Montana and Wyoming. 1218 THIRD AVENUE SUITE 1403 SEATTLE, WASHINGTON 98101 Telephone (206) 441 -5368 www .nationaldeveloomentcouncil.org 17 111r NATIONAL DEVELOPMENT COUNCIL Partners in Cornrnun,:yDeaeiopmentSince 1959 Northwest Director: NDC /Housing and Economic Development Corporation. 1993 — Present • Overseen the development of a 1,200 space parking garage, the construction of over 800 units student housing, and the construction and management of over 1,000,000 square feet of office buildings all for the benefit of state and local government. In the past 7 years financed and built for NDC client governments projects exceeding $700,000,000 in direct development cost. These have included: parking garages, student housing, office buildings, research facilities and currently a city hall. • Vice - Chairman and founding officer of the Grow America Fund, an NDC affiliated, SBA certified, national Small Business Lending Company, Member of the Board of NDC's New Market Tax Credit and Low Income Tax Credit equity funds. Development Finance Manager - City of Seattle, Office of Economic Development. 1979 - 1983 o Delivered over $300 million of economic development projects using conventional financing, U.D.A.G., S.B.A. and C.D.B.G. funds. o Helped plan and build 400 units of mixed use, single room occupancy (SRO) low and moderate income housing, including commercial space and apartments. o Founded and served as President of Evergreen Community Development Association, one of the nations most active S.B.A. Section 504 lenders. 1218 THIRD AVENUE SUITE 1403 SEATTLE, WASHINGTON 98101 Telephone (206) 441 -5368 www .nationaldeveloamentcouncil.org 18 111r NATIONAL DEVELOPMENT COUNCIL Partners in Community Development Since f 969 Education: University of Illinois - Graduate Studies Urban Planning Other: University of Washington - B.A. American History 1976 Serves as Vice -Chair of the Board of Directors of the Pike Place Market Preservation and Development Authority - Mayor's Appointment - 1989 - Present. Served as Chairman 1996 - 1998. 1218 THIRD AVENUE SUITE 1403 SEATTLE, WASHINGTON 98101 Telephone (206) 441 -5368 www .nationaldeveloomentcouncil.org 19 NATIONAL DEVELOPMENT COUNCIL Partners in Community Development Since 1969 EVIDENCE OF PROFESSIONAL LIABILITY INSURANCE 1218 THIRD AVENUE SUITE 1403 SEATTLE, WASHINGTON 98101 Telephone (206) 441-5368 www .nationaldeveloomentcouncil.org 20