MA MONTHLY MEETING UPPER DUBLIN TOWNSHIP MUNICIPAL AUTHORITY FRIDAY, FEBRUARY 2, :30 AM

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1 MA MONTHLY MEETING UPPER DUBLIN TOWNSHIP MUNICIPAL AUTHORITY FRIDAY, FEBRUARY 2, :30 AM The meeting location is accessible to person with disabilities. A request for special accommodations for persons with disabilities should be made at least 24 hours in advance of the meeting by calling x3220. The agenda may be amended during the meeting to add or delete items, change the order of agenda items, or discuss any other business deemed necessary at the time of the meeting. 1 CALL TO ORDER 2 PLEDGE OF ALLEGIANCE 3 CORRESPONDENCE AND ANNOUNCEMENTS 4 STANDARD BUSINESS 4.a. Move to accept the minutes of January 5, 2018 meeting without reading. 4.b. Move to approve payment of invoices in the amount of $46, PUBLIC COMMENT 6 PRESENTATIONS 7 DISCUSSION ITEMS 7.a. Review of Authority Priority 1 Projects for Potential Grant Applications. 7.b. Review Fort Washington Office Park Program Update Brochure. 1

2 7.c. Review list of properties within the Municipal Authority District and discuss certification. 8 ACTION ITEMS 8.a. 8.b. Motion to approve Boles Smyth proposal for design of the Cross County Trail & Road Diet - Midsection project in the amount Not to Exceed $325,000. Motion to approve recommended program for investing bond proceeds. 9 NEW BUSINESS 10 NEXT MEETING: ADVERTISED FOR MARCH 2, 2018 AT 7:30 AM. 11 ADJOURN TO EXECUTIVE SESSION TO DISCUSS LAND ACQUISITION 2

3 Municipal Authority Agenda Item Report Agenda Item No Submitted by: Deb Ritter Submitting Department: Meeting Date: February 2, 2018 SUBJECT Move to accept the minutes of January 5, 2018 meeting without reading. Recommendation: ATTACHMENTS MinutesMA pdf 3

4 A meeting of the Upper Dublin Township Municipal Authority (MA) of Upper Dublin Township (UDT) was held on Friday, January 5, 2018, at 7:30 A.M., in the Township Building. In attendance were MA members Ronald Feldman, Robert Pesavento, Michael Markman, and Greg Diehl. Also present were Jonathan Bleemer, Finance Director; Tom Panzer, Solicitor representing the Municipal Authority; Jack Smyth and Ronald Wagenmann of Boles Smyth. Commissioner Liz Ferry, Township Economic Development Specialist, Graham Copeland, and Glenn Griffin, Planning Commission member were among those in the audience. MA member Robert Danaher was not present. Tab 3 AUTHORITY REORGANIZATION FOR 2018 On a motion by Mr. Feldman, seconded by Mr.Markman, and all voting "aye", Robert Pesavento was appointed Chairperson of the Authority. On a motion by Mr. Feldman, seconded by Mr.Diehl, and all voting"aye", Robert Danaher was appointed Vice-Chairperson of the Authority. On a motion by Mr. Feldman, seconded by Mr. Diehl, and all voting "aye", Michael Markman was appointed Secretary of the Authority. On a motion by Mr. Markman, seconded by Mr. Diehl and all voting "aye", Ronald Feldman was appointed Treasurer of the Authority. On a motion by Mr. Feldman, seconded by Mr. Diehl and all voting "aye", Paul Leonard was appointed Executive Director. On a motion by Mr. Feldman, seconded by Mr. Diehl and all voting "aye", Jonathan Bleemer was appointed Finance Director. On a motion by Mr. Feldman, seconded by Mr. Diehl and all voting "aye", the firm of Boles Smyth was appointed Consulting Engineer. On a motion by Mr. Feldman, seconded by Mr. Diehl and all voting "aye", the firm of High Swartz LLC was appointed Solicitor. On a motion by Mr. Feldman, seconded by Mr. Diehl and all voting aye Deb Ritter was appointed Open Records Officer. On a motion by Mr. Feldman, seconded by Mr. Diehl, and all voting "aye", the Authority set the first Friday of each month, at 7:30 AM as their regular meeting date and time unless otherwise advertised. Meetings will be in the Board Room of the Township Building. 1 4

5 Tab 4 CORRESPONDENCE & ANNOUNCEMENTS - None Tab 5 STANDARD BUSINESS a. Move to accept the Minutes of December 1, 2017 meeting without Reading: Mr. Feldman motioned, with Mr. Diehl seconding, to accept the Minutes of December 1, 2017 meeting without reading. VOTE ON MOTION 4-0 YES MOTION CARRIED b. Move to approve payment of invoices: Mr. Feldman motioned, with Mr. Markman seconding, to approve the payment of invoices to High Swartz in the amount of $ VOTE ON MOTION 4-0 YES MOTION CARRIED Mr. Feldman motioned, with Mr. Markman seconding, to approve the payment of invoices21 st Century Media in the amount of $ This was for advertising of the meetings. VOTE ON MOTION 4-0 YES MOTION CARRIED Tab 6 PUBLIC COMMENT None Tab 7 PRESENTATIONS None Tab 9 ACTION ITEMS a. Consider Resolution MA Authorizing the issuance of $6 Million Notes. Mr. Bleemer: We have with us today representatives of the Delaware Valley Regional Finance Authority (DVRFA) Lucian Calhoun and Jeff Calhoun. Mr. Calhoun: The resolution you are considering today would authorize the issuance of a guaranteed revenue note to the DVRFA and execution of a guarantee agreement with the MA, DVRFA and Upper Dublin Township. The Township would also have to take similar action to authorize the execution of the guarantee agreement. That guarantee that will constitute lease rental debt under the Local Government Unit Debt Act will have to be approved by the Department of Community and Economic Development. Mr. Bleemer: The Township Board of Commissioners will consider this next Tuesday night. Mr. Calhoun: We are very pleased that the MA has chosen the DVRFA as its instrument to complete the financing. 2 5

6 Mr. Bleemer: Why does page six of the proposal show a maximum interest rate of 15%? Mr. Calhoun: All of the loans from DVRFA are approved as variable rate transactions. Although the MA plans is requesting a fixed rate, you could request the fixed rate back to a variable rate at a later date. Under the terms of the Local Government Unit Debt Act the lease rental debt has to be approved at the highest possible interest rate. However, the fixed rate can be set as soon as the Township authorizes its guaranty. Therefore, the day after the Township passes the ordinance the rate can be fixed. Mr. Bleemer: That is the same process that the Township goes through. The current rate is 2.7 or 2.6%. Mr. Markman: What was the reason for the decision to go through DVRFA? Mr. Bleemer: Cost and speed. Mr. Markman: Is the Township going for other financing with DVRFA? Mr. Bleemer: No this is independent. Mr. Calhoun: The advantage of DVRFA is cost which is less than half of a bond deal. The interest rate has averaged 0.6% lower than a bond deal. Any Township or Authority would have the same interest rate regardless of their rating. Mr. Feldman: In November the Township borrowed at 2.5%. Mr. Feldman motioned with Mr. Markman seconding to approve Resolution MA to borrow a $6 Million bond issue through DVRFA. Tab 8 DISCUSSION ITEMS VOTE ON MOTION 4-0 YES MOTION CARRIED a. Pre-assessment Correspondence to Property Owners Mr. Copeland: Mr. Danaher wanted a change to the pre-assessment brochure with the bottom line shown at the top of the notice noting that it will involve an assessment and a square foot cost estimate. Mr. Pesavento: We are assessing by property's assessed value. Mr. Bleemer can provide estimates for inclusion in the brochure. Mr. Copeland: Page 2 shows an aggregate. Mr. Diehl: State the total amount and the assessment per 1,000 sq. ft. 3 6

7 Mr. Bleemer: Do we want a lower assessment since this year bond repayment is lower or have a level assessment? Mr. Markman: It should be level so property owners have a consistent, stable annual assessment amount. Mr. Feldman: The brochure should reference the MA website for more information. Mr. Bleemer: Are tax exempt properties going to be assessed? Mr. Pesavento: Yes, because this is not a tax. Mr. Feldman: Yes the Township, School District and Churches in the Authority area should be assessed. Mr. Diehl: This brochure gives a full grasp of what is happening. Mr. Copeland: Will this be a signed document? Mr. Pesavento: Yes, I will provide an electronic version of my signature. Send us an update for more comments? How many total property owners are being mailed the brochure? Mr. Copeland: 123 in the office park proper, plus a few properties in the MA area that are not in the office park, but adjacent. Mr. Feldman: We should this to the business owners as well. Mr. Copeland: I have those s and can send it to them. Mr. Bleemer: This would go out the end of the month and then schedule the assessment for around March 15, Tab 10 NEW BUSINESS Mr. Pesavento: Jack can you give us an update on current projects? Mr. Smyth: The construction for the Virginia Drive Road Diet and Trail is affected by the weather, but is on schedule for the first segment of Cross County Trail to be completed in May. The other projects are moving through design. The final segment of the trail which extends the trail currently under construction from 1100 Virginia to Susquehanna Road is advancing through the PennDOT process and final design and should be going out to bid through PennDOT in the late summer. 4 7

8 At the Commerce Drive end we are working with AECOM, PennDOT s representative to phase the Fort Washington Cross County Trail & Road Diet project and the Zip Ramp project. Phase 1 is proposed for construction of local Commerce Drive from the PA 309 overpass to Delaware Drive and includes the new signalized intersection and the shared LifeTime Fitness/Tru-Mark Financial drive. Phase 2 would be the zip ramp construction and Phase 3 would be the remainder of Commerce Drive construction along with Bodenstein Channel work. The full culvert replacement of Bodenstein Channel is still under consideration for the project. The meeting with Tru-Mark will need to be rescheduled for coordination. The next project is the Delaware Drive section and now that the project has been awarded grants for $1.2 Million total from the CFA Multimodal Transportation Fund (MTF) and $250,000 from PA DCNR, the next step is the authority's consideration for design Boles, Smyth would like to submit a proposal at next month s meeting. Mr. Feldman: Does the grant awards take us further than the planned $6 Million? Mr. Smyth: Yes this does take us further. The Priority 1 project funding for this project accounted for last year's CFA MTF award of $400k but not the additional grant awards received this year for $1.05 Million. Mr. Pesavento: Make sure that Graham has the most up to date information on the grants for the brochure. Mr. Pesavento: When is the annual audit? Mr. Bleemer: The end of February. Mr. Copeland: Are the grants reimbursement or paid up front? Mr. Smyth: Some are strictly reimbursement, but others divide it in partial payments. It depends on the grant. Mr. Pesavento: Anything new on the Dresher Triangle pavement marking? Mr. Smyth: We submitted a grant for the Critical Connections portion of the Limekiln Pike project. In talking to DVRPC and PennDOT adding the pavement marking was too much of an ask. From a grant perspective, there have not been any applications yet specific to the Dresher Triangle. Now that the middle section of the road diet and trail is funded, the focus could now shift to getting the Cross County Trail through the Dresher Triangle along Virginia Drive and Dreshertown Road out to Welsh Road. The first step may be to go for a planning grant to make sure the County is on board with the placement of the trail along Dreshertown Road to connect with the Promenade Trail system. 5 8

9 Mr. Markman: That might be good for a Local Share Account grant, which is funded through casino revenue. Mr. Smyth: There are two small bridges on Dreshertown Road that need to be considered and one is posted for weight limits. That would be part of the overall analysis. The widening would need to be incorporated. Mr. Markman: Next month can you give us a list of the next grants we should be looking at? Mr. Smyth: Yes. Mr. Markman: After the bond money is received, are we paying back the Township and then investing the balance and do we authorize that next month? Mr. Bleemer: Yes, that will be before you next month. There is a program for investing that I would recommend. Tab 11 NEXT MEETING: To be advertised for February 2, 2018 at 7:30 AM. 6 9

10 ADJOURNMENT: There being no more business to discuss, Mr. Feldman motioned, with Mr. Markman seconding, to adjourn the meeting. VOTE ON MOTION 4-0 YES MOTION CARRIED Respectfully submitted, ATTEST: Deb Ritter, Recording Secretary Robert Pesavento, Chairperson 7 10

11 Municipal Authority Agenda Item Report Agenda Item No Submitted by: Deb Ritter Submitting Department: Meeting Date: February 2, 2018 SUBJECT Move to approve payment of invoices in the amount of $46, Recommendation: ATTACHMENTS MA-Invoices pdf 11

12 Upper Dublin Township Municipal Authority 12

13 Fort Washington Office Park Project Priority List Upper Dublin Municipal Authority 1/29/2018 Opinion of Probable Cost Grants Mun. Auth Grant Awarded Potential Grant Potential Grant Potential Grant Potential Grant Potential Grant Potential Grant Awarded Obligation To Date & Dev. Cont. Source & Source & Source & Source & Source & Source & (Mil.) PROJECT DESCRIPTION (Mil.) (Millions) Min. to Max. Range Min. to Max. Range Min. to Max. Range Min. to Max. Range Min. to Max. Range Min. to Max. Range FORT WASHINGTON CROSS COUNTY TRAIL & ROAD DIET $ CAPITAL IMPROVEMENTS WITHIN THE MUNICIPAL AUTHORITY BOUNDARY PENNDOT MTF, PA DCED GREENWAYS, PA DCNR C2P2, MONTCO 2040 & LIFETIME PA TURNPIKE ZIP RAMP FROM PA 309 INTERCHANGE $ CFA MTF & LIFETIME FITNESS PECO Green Region ($10k Max) People for Bikes $10k Max) PRIORITY 1 PROJECTS (0 TO 3 YEARS) COMPLETE BODENSTEIN CHANNEL REVITALIZATION $ CROSS COUNTY TRAIL FINAL SEGMENT $ COMPLETE DELAWARE & VIRGINIA DRIVE ROAD DIET & TRAIL MIDDLE SECTION WITH CONSIDERATION OF A ROUNDABOUT PENNDOT TAP PROGRAM MPMS $ CFA MTF, PA DCNR C2P2 COMPLETION OF VIRGINIA DRIVE INTERCHANGE PRELIM ENG. PH I $ COMPLETION OF VIRGINIA DRIVE INTERCHANGE LAND ACQUISITION $ DRESHER TRIANGLE EARLY ACTION IMPROVEMENTS $ GATEWAY ENTRANCE ENHANCEMENTS INCLUDING LANDSCAPING & SIGNAGE $ CFA Water Rest. & Prot. Prog. ($300k Max) DCED Greenways Trail & Rec. Prog. ($250k DVRPC TCDI ($25k to $100k) CFA MTF ($100k to $3.0 Million) DVRPC TCDI ($25k to $100k) DCED Local Share Montco ($200k Max) CFA Flood Mit. Prog. ($50k Min) Montco 2040 ($200k Max) PennDOT MTF ($100k to $3.0 Million) DVRPC Regional Trails ($50k to $350k) Montco 2040 ($200k Max) DCNR Tree Vitalize ($17k Max) People for Bikes $10k Max) CFA MTF ($100k to $3.0 Million) DVRPC CMAQ ($250k to $2.0 Million) PECO Green Region ($10k Max) PECO Green Region ($10k Max) PECO Green Region ($10k Max) DCNR Riparian Buffer ($50k Min) Sch River Restoration ($20,000 t0 $100,000 EVALUATE VIRGINIA DRIVE & CAMPHILL ROAD INTERSECTION $ CONSTRUCT ADDITIONAL LOCAL TRAIL CONNECTIONS TO CROSS COUNTY TRAIL $ PennDOT TA Set A Side ($50k t0 $1.0 Million) DCNR C2P2 ($250k Max) DCED Greenways Trail & Rec. Prog. ($250k DVRPC Regional Trails ($50k to $350k) Montco 2040 ($200k Max) People for Bikes $10k Max) PRIOIRTY 1 PROJECTS OPINION OF PROBABLE COST TOTALS $ $8.479 $9.612 COMPLETION OF VIRGINIA DRIVE INTERCHANGE PRELIM. ENG. PH II $1.300 DRESHER TRIANGLE ROADWAY IMPROVEMENTS STAGE II $4.000 CONSTRUCT ADDITIONAL LOCAL TRAIL CONNECTIONS TO CROSS COUNTY TRAIL $0.250 CONSTRUCT A LINEAR PARK ALONG CROSS COUNTY TRAIL $4.300 CONSTRUCT PINETOWN ROAD BOULEVARD WITH LANDSCAPED MEDIAN $1.800 PennDOT MTF ($100k to $3.0 Million) PennDOT MTF ($100k to $3.0 Million) DCNR C2P2 ($250k Max) CFA MTF ($100k to $3.0 Million) PennDOT TA Set A Side ($50k t0 $1.0 Million) CFA MTF ($100k to $3.0 Million) CFA MTF ($100k to $3.0 Million) DCED Greenways Trail & Rec. Prog. ($250k DCED Greenways Trail & Rec. Prog. ($250k PennDOT MTF ($100k to $3.0 Million) DVRPC CMAQ ($250k to $2.0 Million) DVRPC Regional Trails ($50k to $350k) Montco 2040 ($200k Max) CFA MTF ($100k to $3.0 Million) DCED Greenways Trail & Rec. Prog. ($250k DVRPC CMAQ ($250k to $2.0 Million) DCNR Tree Vitalize ($17k Max) DCED Greenways Trail & Rec. Prog. ($250k Montco 2040 ($200k Max) PECO Green Region ($10k Max) DCNR Tree Vitalize ($17k Max) People for Bikes $10k Max) People for Bikes $10k Max) People for Bikes $10k Max) PRIORITY 2 PROJECTS (3 TO 6 YEARS) PERFORM WARRANT ANALYSIS FOR PINETOWN & HIGHLAND $0.025 COMPLETE RAPP RUN CREEK REVITALIZATION $0.750 COMPLETE PINE RUN CREEK REVITALIZATION STAGE I $0.500 PennDOT TA Set A Side ($50k t0 $1.0 Million) PennDOT TA Set A Side ($50k t0 $1.0 Million) CFA Water Rest. & Prot. Prog. ($300k Max) CFA Water Rest. & Prot. Prog. ($300k Max) DCED Greenways Trail & Rec. Prog. ($250k DCED Greenways Trail & Rec. Prog. ($250k Sch River Restoration ($20,000 t0 $100,000 Sch River Restoration ($20,000 t0 $100,000 DCNR Riparian Buffer ($50k Min) DCNR Riparian Buffer ($50k Min) DCNR Tree Vitalize ($17k Max) DCNR Tree Vitalize ($17k Max) COMMERCE DRIVE REMAINING ROADWAY RECONSTRUCTION $1.250 VIRGINIA DRIVE REMAINING ROADWAY RECONSTRUCTION $3.650 DELAWARE DRIVE ROADWAY RECONSTRUCTION & BRIDGE RECONSTRUCTION $3.250 PennDOT Muni RetroReim Prog (80%) NEW JERSEY, NEW YORK & MARYLAND ROADWAY RECONSTRUCTIONS $2.750 PRIOIRTY 2 PROJECTS OPINION OF PROBABLE COST TOTALS $ $0.000 $

14 Municipal Authority Agenda Item Report Agenda Item No Submitted by: Deb Ritter Submitting Department: Meeting Date: February 2, 2018 SUBJECT Review Fort Washington Office Park Program Update Brochure. Recommendation: ATTACHMENTS MA Prop Owners PreAssessment Comm Draft pdf 14

15 Fort Washington Office Park Modernization Program Update Dear Property Owner, February 2018 We value the commitment that you have made to our community, with your ownership in the Fort Washington Office Park. This communication to all property owners in and around the Office Park provides an update on the infrastructure improvements done to date, those coming in the future, and the financing of their costs. As you likely have seen, Upper Dublin Township is now in the midst of an ambitious, multifaceted revitalization plan - designed to improve the physical conditions of this 60-year-old business park, reverse the economic decline and enhance its position in a competitive market. This ongoing initiative includes major infrastructure improvements, transportation planning and a pending new mixed-use zoning ordinance. As a result, property values and rental incomes are expected to increase. All of the completed projects and those in progress have been funded exclusively by grants and Upper Dublin Township s general fund. Future projects will require cost sharing, with financial participation from property owners. The newly-created Upper Dublin Municipal Authority has approved a bond issue for $6,000,000 to augment additional grants and Township funding. The annual debt service for this bond and operating expenses will be paid by an annual assessment levied on all properties except single family residential, within the authorized boundaries (see map on p. 5). The annual assessment will amount to $555,000 per year. This translates to approximately $0.106/ building sf/year. The bond amount represents approximately 15.5% of the total that has been invested and will be spent on the improvements over the next four years. Annual assessment charges per property are computed on a pro-rata basis - by multiplying that portion of the district s annual budget attributed to assessments ($555,000) by a ratio of the assessed value of your property to the total assessed valuation of all the properties except single family residential in the district (2018 total = $ ). The operating expense budget is available online at Following numerous planning studies, the Township Commissioners first major action was to authorize the construction of two massive dry dams directly upstream from the Office Park, completed in 2013, 15

16 Fort Washington Office Park Modernization Program Update to address the historic flooding (a $14.8 million project, funded 78% by state grants). Additional stormwater mitigation projects downstream followed, including the recent replacement of two structurally deficient bridges on Virginia Drive and a culvert. Groundbreaking occurred in September 2017 for the construction of a road diet and a section of the Cross County Trail, which will ultimately connect the office park to the SEPTA train station, to address the Last Mile Commuter Challenge. Phase 1 Costs - Fort Washington Office Park Improvement Projects In September 2016, Upper Dublin Township Commissioners authorized the formation of a new General Municipal Authority, to manage the ongoing office park improvement program. This public agency filled a void created over time by the office park s fragmented ownership base and the lack of centralized property management. The Municipal Authority now meets monthly to oversee the planning, design and financing of the Park s improvement projects. These meetings are open to the public and held on the first Friday of every month, 7:30 am, at the Upper Dublin Township Building, 801 Loch Alsh Avenue, Fort Washington, PA. Minutes and video recordings of all meetings are posted on the Township website, With civil engineering support, the Municipal Authority has developed a priority list for transportation and infrastructure projects (copy included below). At its January 2018 meeting, the Municipal Authority authorized the issuance of a $6 million bond to finance the continuation of this improvement project work. To meet this financial obligation, the Municipal Authority is now introducing a necessary costsharing requirement for all properties within the Municipal Authority s boundaries. This March, the first annual assessment will be levied on all properties except single family residential, based on their assessed values (land and improvements). The annual assessment of $555,000 per year represents just 15.5% of the estimated total Phase 1 project costs + operating expenses over the 25-year bond term, while the balance will continue to be funded by state and county grants. 16 Page 2

17 Fort Washington Office Park Modernization Program Update This is an artist s rendering of the Virginia Drive section of the new Cross County Trail and road diet, which will reduce the roadway from four traffic lanes to three. Overview of grant-funded improvement projects for the Fort Washington Office Park 17 Page 3

18 Fort Washington Office Park Modernization Program Update To date, the business community s response to the Township s modernization program has been overwhelmingly positive. Real estate developers and investors have expressed considerable interest and confidence, supported by a surge of new tenants. According to a JLL Research report, the 2017 YTD leasing volume in Fort Washington Office Park exceeded all other submarkets in the Philadelphia region. As occupancy rates continue to decline and rents increase, ultimately property values are expected to climb as well. 18 Page 4

19 Fort Washington Office Park Modernization Program Update Property owners are also expected to benefit from three additional new initiatives. First, to further stimulate the intended changes, a new mixed-use zoning ordinance is now being drafted, according to the latest Smart Growth planning principles. The new zoning will allow multifamily residential and retail development, embracing the Live Work Play approach to the changing mix in today s suburban office parks. Secondly, Upper Dublin Township has made a further commitment to improve the usability of the Office Park by acquiring 520 Virginia Drive where the public library will be relocated. This property will provide Office Park businesses and their employees easy access to township activities and resources. This former pharma corporate facility features a 300-seat auditorium, presenting exciting opportunities to serve the community. The Township is now planning for various uses in this building and is engaging the public in the planning process. And finally, to proactively address the issues of traffic congestion, environmental impact and air quality at our local level, Upper Dublin commissioned a Transportation Demand Management study, the first of its kind in the region. This TDM plan analyzed office park employees commute patterns and modes, and recommended new policies and practices. This initiative is designed to be used by businesses to attract and retain their valued employees, and by extension landlords can use this to attract and retain tenants in their properties. As part of our ongoing communications of these modernization projects, Upper Dublin Township sends updates via . To be added to the distribution list, please contact: GCopeland@UpperDublin.net. We are excited about the progress that has taken place and the growing momentum here in the Fort Washington Office Park. Thank you for your ongoing commitment to Upper Dublin Township. Sincerely, 19 Page 5

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21 Municipal Authority Agenda Item Report Agenda Item No Submitted by: Deb Ritter Submitting Department: Meeting Date: February 2, 2018 SUBJECT Review list of properties within the Municipal Authority District and discuss certification. Recommendation: ATTACHMENTS 7c-MunicipalAuthorityProperties.pdf 21

22 Upper Dublin Municipal Authority District Address Property Assessment Owner Parcel (54-00) Annual Assessment-Debt Annual Assessment- Operating Total Assessment 101 Bethlehem Pike 294,060 Presidential Realty Partners LP Bethlehem Pike 342,360 Murray Goldstein ' Bethlehem Pike 788,440 INJ Properties LP , Camp Hill Road 500,950 WFP Pennland Co LP Camp Hill Road 398,790 WFP Pennland Co LP Camp Hill Road 3,330 BCWSA Camp Hill Road 548,250 WFP Pennland Co LP , Camp Hill Road 777,000 Will, Daniel F , Camp Hill Road 1,080,000 Mar Thoma Church , , Commerce Drive 14,470 WFP Pennland Co LP Commerce Drive 1,050 BCW&SA Commerce Drive 2,952, Commerce Inc PA Corp , , , Commerce Drive 792,500 FAB Holdings LLC , Commerce Drive 1,248,920 Kornrstone LP , , Commerce Drive 1,963, Whitemarsh Partners , , , Commerce Drive 3,380,000 BrookWood Philadelphia LLC , , , Commerce Drive - Brook Wood Philadelphia LLC Commerce Drive 4,428, Commerce Dr Assoc. LP , , , Commerce Drive 3,585,910 LSOP 3 PA 6 LLC , , , Commerce Drive 3,045,550 Vihar F W LP , , , Commerce Drive 826, Commerce Realty LLC , Commerce Drive 430,370 LSOP 3 PA 2 LLC Commerce Drive 5,873,200 LSOP 3 PA 2 LLC , , , Commerce Drive 397,840 Union Electric Contracting Co Commerce Drive 955,400 Endeavor Realty Mgt LLC , , Commerce Drive 14,281,460 LTF Real Estate Company Inc , , , Commerce Drive 105, Commerce Realty LLC Commerce Drive 2,718,000 Harleysville Real Estate Group , , , Commerce Drive 1,290,300 Harc Group ll , , , Commerce Drive 2,471,700 LSOP 3C II LLC , , , Commerce Drive 2,280, Associates LP , , , Commerce Drive - S & R Jay Realty LLC

23 Upper Dublin Municipal Authority District Address Property Assessment Owner Parcel (54-00) Annual Assessment-Debt Annual Assessment- Operating Total Assessment 465 Commerce Drive 142,910 S & R Jay Realty LLC Delaware Avenue 196,980 Upper Dublin Township Delaware Avenue 100,000 Upper Dublin Township Delaware Avenue 6,744,000 LSOP 3 PA 2 LLC , , , Delaware Avenue 688, Delaware Associates LP , Delaware Avenue 387,810 Bucks County Water & Sewer Delaware Avenue 304,560 Upper Dublin Township Dreshertown Road 186,780 Allied Concrete & Supply Dreshertown Road 88,180 Condor Fort Washington Real Est Dreshertown Road 182,300 Upper Dublin Township Dreshertown Road 1,451,560 Condor Fort Washington , , , Dreshertown Road 261, Dreshertown Road LLC Dreshertown Road 10,546,800 Dreshertown Plaza LP , , , Dreshertown Road 102,400 Dreshertown Plaza LP Ft Washington Ave 434,870 Virginia M & Jay H. Schnell Indiana Avenue 659,870 JMJ Properties , Maryland Drive 52,550 North Wales Water Authority Maryland Drive 1,601,700 Timoney Knox Hasson & Weand , , , Maryland Drive 884,190 Donald & June Feith , , Maryland Drive 2,774, Properties LP , , , Maryland Drive 88, Properties LP Maryland Drive 1,400,000 CMT Properties LP , , , Maryland Drive 915,000 The McKeon Family LP , , Maryland Drive 3,002,360 WP Fort Washington LP , , , New Jersey Drive 974,380 Amy Gitlin & Michelle Brody , , New Jersey Drive 1,642,170 NJD Realty Partnership LP , , , New York Drive 681,550 Myer Realty Associates LP , New York Drive 809, New York Drive LP , New York Drive 1,728, New York Avenue Assoc LP , , , New York Drive 703,410 Birnhak Realty LP , New York Drive 967,700 Horsham Real Estate Group LP , ,

24 Upper Dublin Municipal Authority District Address Property Assessment Owner Parcel (54-00) Annual Assessment-Debt Annual Assessment- Operating Total Assessment 1708 N Limekiln Pike 288,450 Kim Myung Kwan & Yon Sil N Limekiln Pike 530,810 Wendys Old Fashioned Hamburgers , N Limekiln Pike 465,430 Hong Heng Suk and Soon Ki N Limekiln Pike 768,570 PMIG DPNJ LLC , S Limekiln Pike 374,770 Schmidt, Frederick Office Center Drive WOC Properties Office Center Drive - AREP Ft Washington LLC Office Center Drive - G & I VI Office Center LLC Office Center Drive 8,294,140 Brook Wood Philadelphia LLC , , , Office Center Drive 9,042,400 Brook Wood Philadelphia LLC , , , W Office Center Dr 2,520, WOC Properties , , , Office Center Drive 9,487,500 ZCA Fort Washington LLC , , , Office Center Drive 5,339,000 ZCA Fort Washington LLC , , , Office Center Drive 4,843,500 ZCA Fort Washington LLC , , , Pinetown Road 156,500 Hermes Tagalidis & Shopa Sandra Pinetown Road 182, Pinetown Rd Assocs LP Pinetown Road 206,840 Corstan International LTD Pinetown Road 5,874,000 Vette III Assoc LP , , , Pinetown Road 55,650 LSOP 3C ll LLC Pinetown Road 992, Pinetown Road LLC , , Susquehanna Road 101,010 Maverick Realty Associates LP Susquehanna Road 105,600 WFP Pennland Co LP Susquehanna Road 212,600 North Wales Water Authority Susquehanna Road 527,100 Maverick Realty Associates LP , Susquehanna Road 1,515,320 FW Triangle LP , , , Susquehanna Road 159,900 Marcello Dagostino Susquehanna Road 3,112,060 Murwin Property Mgt Partnership , , , Susquehanna Road 709,750 Robert Wooler Co , Virginia Drive - Virginia Drive LP Virginia Drive 892,230 Upper Dublin Township , ,

25 Upper Dublin Municipal Authority District Address Property Assessment Owner Parcel (54-00) Annual Assessment-Debt Annual Assessment- Operating Total Assessment Virginia Drive 151,420 Upper Dublin Township Virginia Drive 555,350 WFP Pennland Co LP , Virginia Drive 1,120 Vette Assoc LP Virginia Drive 316,570 WFP Pennland Co LP Virginia Drive 220,510 Trueco Group LLC Virginia Drive 250,530 Holzhauer Properties LLC Virginia Drive 467,280 Two Girls Investments LLC Virginia Drive 3,138,300 Iris Holding LLC & OJW Holdings LLC , , , Virginia Drive 18,027,040 BACM Va DR LLC , , , Virginia Drive 1,137,560 BACM Va DR LLC , , Virginia Drive 4,107,200 BrookWood Philadelphia LLC , , , Virginia Drive 792,500 Condor FW Real Estate LLC , Virginia Drive 645, Virginia Dr LLC , Virginia Drive 900,000 Cadmus Journal Services Inc , , Virginia Drive 1,101,950 Peace Valley Christian Ch , , Virginia Drive 674,400 Agnew C N Jr Trustee , Virginia Drive 2,835,000 Vette Associates II LP , , , Virginia Drive 8,305,400 Kulicke and Sofia Industries , , , Virginia Drive 1,265,000 Vette Assoc LP , , Virginia Drive 570,600 Vette Assoc LP , Virginia Drive 2,982,400 Bell Telephone Co. of Pa , , , Virginia Drive 812,000 Star Maid Group Inc , Virginia Drive 1,615, Virginia Drive LLC , , , Virginia Drive 42,150,000 LSOP 3 PA I LLC , , , Virginia Drive 3,192,900 ADP Inc , , , Virginia Drive 430,370 ADP Inc Virginia Drive 744,180 BT Office Center Dr LP , Virginia Drive 4,710,050 Fitness International LLC , , , Virginia Drive 1,584,440 LSOP 3C II LLC , , , Virginia Drive 6,670,333 Maplewood Virgina LLLP , , ,

26 Upper Dublin Municipal Authority District Address Property Assessment Owner Parcel (54-00) Annual Assessment-Debt Annual Assessment- Operating Total Assessment 1301 Virginia Drive 8,337,280 Maplewood 1301 LLC , , , Virginia Drive 2,388,450 Robert Heenan & Th Danese , , , Virginia Drive 168, Virginia Dr LLC W. Pennsylvania Avenue 7,700 Anita & Terry L Steen W Pennsylvania Ave 805, W Pennsylvania Avenue LP , W Pennsylvania Ave 249,870 Brandenburger/Sheridan James W Pennsylvania Ave 276,980 Brandenburger/Sheridan James W Pennsylvania Ave 305,180 Living Hope Adoption Agency W Pennsylvania Ave 2,577, Office Assoc LP , , , W Pennsylvania Ave 2,878,890 IRA PA MOB III LLC , , , W Pennsylvania Ave 450,740 Elliott/Murray/Andrew Goldstein W Pennsylvania Ave 332, Pennsylvania Ave FW LLC W Pennsylvania Ave 4,168,550 LSREF4 Rebound LLC , , , W Pennsylvania Ave 1,141,200 HUB Properties LLC , , ,685, , ,

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