Exhibit A Project Specifications

Transcription

1 Exhibit A Project Specifications A one block area of West Columbia Street in downtown Fort Wayne is bounded by Calhoun Street to the east and Harrison Street to the West. It is this area historically referred to as the Landing. The Landing currently has twelve (12) buildings. Of those buildings, seven (7) are owned by the Trust or its affiliate, DDT Holdings, LLC. A current ownership roster of all buildings on the Landing is attached, together a corresponding GIS map depicting each building. 109,860 square feet of existing building space is represented by the buildings owned by the Trust. In addition, the Trust owns two (2) separate parking lots on the south side of Columbia Street which collectively provide parking for a total of forty (40) vehicles as presently configured. No long term parking lease arrangements exist. The parking lots owned by the Trust are located on either side of building #13 as reflected on the attached GIS map. In the following, please note that the diagrams are to-scale representations of the existing shell spaces of the individual buildings on The Landing. In most cases, the existing non-load bearing diagrams are not intended to represent final survey Of the buildings owned by the Trust, leasehold agreements are in place for three (3) of the buildings, all of which are categorized as short term lease agreements with the longest term extending to the end of Further information on these leasehold agreements is available upon request, but the Trust has positioned each lease with the flexibility of having the leasehold agreements expire by their terms if so requested by the Project developer. The Project contemplated by the Trust is one of a comprehensive and integrated nature to assure redevelopment of all assets owned by the Trust and which will spur further economic redevelopment for the remainder of the Landing s assets. A mixture of retail, entertainment, residential and office uses are contemplated for the Project in a manner consistent with present day urban redevelopment.

2 Existing Documentation 122 W. Columbia Street 10,400 sq. ft. 118 W. Columbia Street 45,000 sq. ft. * 116 W. Columbia Street 7,800 sq. ft. * 110/114 W. Columbia Street 19,140 sq. ft. 123 W. Columbia Street 23,800 sq. ft. * 131 W. Columbia Street 3,720 sq. ft. *Basements included in calculations

3 EL EL EL EL 122 W. Columbia Four floors above grade, 10,400 square feet. Basement not in square footage calculation. THIRD FLOOR 2,600 SF FOURTH FLOOR 2,600 SF 1 01 Main Level 122 Columbia 2 Floor Plan - Second Level 3 Floor Plan - Third Level Floor Plan - Fourth Level 4 EL EL EL // 9 FIRST FLOOR 2,600 SF BASEMENT NOT INCLUDED 1 01 Main Level 122 Columbia SECOND FLOOR 2,600 SF 2 Floor Plan - Second Level Floor Plan - Th 3

4 118 W. Columbia DELIVERY/ALLEY EL Six floors above grade, 45,000 square feet. Basement included in square footage calculation. EL 118 FIRST FLOOR 6,428 SF BASEMENT NOT SHOWN EL 3 // 9 EL

5 118 W. Columbia EL Six floors above grade, 45,000 square feet. Basement included in square footage calculation. EL 118 ROOF OF 122 COLUMBIA ST 6/8/ :46:09 PM SECOND, THIRD, FOURTH, FIFTH, AND FIFTH FLOORS 6,428 SF/ EACH 4 // 9

6 116 W. Columbia Three floors above grade. 7,800 square feet. Basement included in square footage calculations. TO ROOF TO ROOF TO LL STOR. LL STOR Main Level 116 FIRST FLOOR 2 Floor Plan - Second Level Floor Plan - Third Level 2 Floor Plan - Second Level Floor Plan - Third Level SCALE: 1/8" = 1'-0" SECOND FLOOR 3 3 THIRD FLOOR 1,950 SF 1,950 SF 1,950 SF BASEMENT NOT SHOWN 5 // 9 W. COLUMBIA STREET

7 110 & 114 W. Columbia Three floors above grade. 19,140 square feet. Basements not included in square footage calculation. 110 & 114 OVERHEAD LOFT FIRST FLOOR 6,380 SF 4 BASEMENT NOT INCLUDED 01 Main Level 110/114 W Columbia 2 Floor Plan - Second Level 6 // 9 6/4/2015 5:23:45 PM

8 110 & 114 W. Columbia Three floors above grade. 19,140 square feet. Basements not included in square footage calculation. 110 & 114 OVERHEAD LOFT SECOND FLOOR 6,380 SF THIRD FLOOR 6,380 SF 4 01 Main Level 110/114 W Columbia These diagrams are to-scale representations of the 2 Floor Plan - Second Level 3 Floor Plan - Third Level 6/4/2015 5:23:45 PM 7 // 9

9 123 W. Columbia Three floors above grade. 23,800 square feet. Basement included in square footage calculation. WOMEN'S RESTROOM 246 SF WOMEN'S RESTROOM 246 SF WOMEN'S RESTROOM 246 SF 123 MEN'S RESTROOM 210 SF MEN'S RESTROOM 210 SF MEN'S RESTROOM 210 SF FIRST FLOOR 5,950 SF BASEMENT NOT SHOWN SECOND FLOOR 5,950 SF THIRD FLOOR 5,950 SF 8 // 9 Floor Plan - Main Floor Level Plan - Main Level Floor Plan - Main Level Floor Plan - Second Floor Plan Level - Second Floor Level Plan - Second Level Floor Plan - Third Floor Level Plan - Third Lev Flo

10 131 W. Columbia Three floors above grade. 3,720 square feet. Basement not included in square footage calculation FIRST FLOOR Floor 1,240 Plan Floor SF- Plan Main - Level Main Level 3 BASEMENT NOT INCLUDED SECOND FLOOR THIRD FLOOR 1,240 SF Floor Plan - Third Level 1 Floor Plan - Second Level 1,240 SF Floor Plan - Third Level 2 1 Floor Plan - Second Level 2 6/5/2015 1:58:12 PM 6/5/2015 1:58:12 PM 9 // 9

11 Exhibit C General Use Restrictions The Trust will require, at time of closing on the sale of the buildings as part of the Project, a use restriction agreement ( Use Restriction Agreement ) that will be placed of record, run with the land comprising the buildings and parking lots and be binding on the successors and assigns of present and future building owners. The Use Restriction Agreement, subject to negotiation with the awarded developer for the Project, will address the following areas: A go dark prohibition for certain entertainment venues to prevent late weekend hours only business operations. Societal norm use restrictions such as adult themed establishments and the like. Business hour restrictions beyond 3:00 a.m. Conformity with historical use designations. Certain prohibited business activities within the residential areas of the Landing buildings. A right of first refusal in favor of the Trust upon the sale of any building by the developer within the first five (5) years of building acquisition from the Trust and option to repurchase any building not redeveloped and opened for use within two (2) years of acquisition from the Trust. The Use Restriction Agreement will run in favor of the Trust and the City of Fort Wayne. A draft Use Restriction Agreement will be developed and included within the request for proposal process. The Trust will also work, prior to the eventual closing on the sale of the buildings, to establish a business association of owners within the Landing to include business owners not otherwise part of the Project.

12 Exhibit D Anticipated Public Assistance New Markets Tax Credits (NMTC) Fort Wayne New Markets Revitalization Fund, LLC, a subsidiary of the City of Fort Wayne, and a Certified Development Entity (CDE) is an allocatee of NMTCs from the U.S. Treasury. The project site is located in an NMTC eligible census tract. The developer is encouraged to apply to FWNMRF for a portion of the NMTC allocation. For more information about the NMTC and Fort Wayne New Markets Revitalization Fund, LLC visit: Community Revitalization Enhancement District (CRED) Project site is eligible for CRED Investor Tax Credits. Developer may apply to the Indiana Economic Development Corporation for up to a 25% state tax credit based on the construction cost of the project. For more information about the Downtown Fort Wayne CRED visit: Tax Increment Financing (TIF) / Tax Abatement A combination of tax increment financing and ten year / 10% tax abatement is available. The portion of private investment not directed toward tax increment financing is eligible for the following abatement schedule: Year Tax Abatement Year Tax Abatement 1 100% 6 40% 2 95% 7 30% 3 80% 8 20% 4 65% 9 10% 5 50% 10 5% 11 0% Infrastructure Improvements Streetscape improvements, lighting, amenities and other right-of-way enhancements will be considered a part of the public investment in the project.