HomeMy WebLinkAboutRES 24-220RESOLUTION NO. 24-220
BE IT RESOLVED BY THE CITY COUNCIL
QF THE CITY OF BEAUMONT:
THAT the City Manager be and he is hereby authorized to enter into an agreement with
KCG Prado Place, LP, for economic development incentives to allow: (1) a possible seven (7)
year, 100% municipal tax abatement for all added value for investments greater than
$5,000,000.00; (2) building fee waivers (not including tap and meter fees) and; (3) expedited
permit review under the Neighborhood Empowerment Zone Program to aid the development of a
new apartment complex located at 415 S, Eleventh Street. The approved abatement period shall
begin January 1, 2027, and terminate December 31, 2034,
The meeting at which this resolution was approved was in all things conducted in strict
compliance with the Texas Open Meetings Act, Texas Government Code, Chapter 551.
PASSED BY THE CITY COUNCIL of the City oBeaumont this the 3rd day of
STATE OF TEXAS
COUNTY OF JFFFRRSON
AGREEMENT
This Agreement is entered into by and between the City of Beaumont, `l'cxm, a
home -rule city and municipal corporation of Jefferson County, Texas, acting herein by and
through its City Maiiager, hereinafter referred to as "City," and XCG Prado Place, LP, 9311
N. Meridian St., Suite 100 Indianapolis, Indiana, hereinafter referred to as "Property
Owner;" collectively as the "Parties."
WITNESSETH:
WHEREAS, On the twelfth day of February, 2008, the City Council of the City of
Beaumont, Texas, passed Ordinance No, 08-015, establishing the boundaries of
Empowerment Zone Number Two, for residential and commercial tax abatements as
authorized by 'Vernon's Texas Civil Statutes Tax Code, Section 312,001 mud Chapter 378
of
the Texas Local Government Code, et seq, as amended, hereinafter referred to as
"S to tll te."
WHEREAS, in order to maintain and/or enhance the local economy and/or provide
quality, affordable housing, in accordance with said Ordinance and Statute, the City, and
the Property Owner, do mutually agree as follows;
L The property, known as the "Premises" to be the subject of this Agreement shall
be the property at 415 S I V' Street, Beaumont, Texas and described as Dart of LT lA
REPLAT LT 1 TR I CHRIST COMMUNITY 2.7124AC, Beaumont, Jefferson County,
Texas.
2. The Property Owner shall cause to be developed new apar(ment residentials,
known herein as the "Project," on the Premises and shall not have a construction cost less
than $5,000,000 and shall be completed not later than September 1, 2026, subject to delays
caused by force majeure or by factors beyond Property Owner's or Business Owner's
reasonable control.
1 The Property Owner agrees to pursue these improvements as good and valuable
consideration of this Agreement.
4. In the event that the project and improvements for which an abatement leas been
granter] are not completed in accordance with this Agreement, then this Agreement shall
be subject to termination and all delinquent fees which otherwise would Dave been Maid to
(lie City without the benefit of a waiver will become a debt to the City and shall be due,
owing and paid to the City within sixty (60) days of any such event. In the event that the
Property Owner defaults in the teems and conditions of this Agreement, the City shall give
(lie Property Owner written notice of such default and if [lie Property Owner has not cured
such default within thirty (30) days of said written notice, this Agreement may be
terminated by the City. Notices shall be in writing and shall be delivered by personal
delivery or certified mail addressed as follows:
C J Liiztner
9311 N. Meridian St., Suite 100
Indianapolis, IN 46260
317-502-9239
Winthrop & Weinstine PA.
225 South Sixth Street Smite 3500
Minneapolis, MN 55402
Attn: Jeffrey Dreiuiau
612-604-6400
5. In the event that the City should fail to timely of substantially comply with any
one or more of the requirements, obligations, ditties, terms, conditions, or warranties of
this Agreement, such failures shall bean Act of Default by the City and (lie City shall leave
ninety (90) days to cure and remove, the Default upon receipt of written notice to do so
tj
fronn the Property Owner. The Property Owner specifically agree that the City shall only
be liable to the Property Owner for the amou1jt of waivers, outlined hereiil, attorney's fees,
and costs of court, shall not be liable to the Property Owner for any alleged consequential
damages. The Property Owner hereby waives any rights or remedies available to it at law
or in equity. Notices shall be in writing and shall be delivered by personal delivery or
certified mail addressed as follows;
Kenneth R, Williams, City Manager
City of Beaumont
801 Mail), Suite 201
Beaumont, TX 77701
6. The terms and conditions of this Agreement are binding upon the successors and
assignees of all parties Hereto. Other than assignment to KCO Prado Place, LP and KCG
Development, LLC, hereinafter referred to as "Business Owner," this Agreement cannot
be assigned by the Property Owner or Business Owner to anyone or any entity which is not
an affiliate of Business Owner, unless written permission is first granted by the City, which
permission shall be in the sole discretion of the City. Any assignment occurring within fire
scope of this Agreement transfers all rights, responsibilities, and obligations heretofore
granted to Property Owner to the assignee, and the assignee shall, for purposes of this
Agreement, be then known as "Property Owner."
7, THE PROPERTY OWNER AGREES TO FOLD THE CITY HARMLESS
FROM ANY AND ALL KINDS OF CLAIMS, LOSSE8, DAMAGES, INJURIES
(INCLUDING DEATH), SUITS, OR JUDGEMENTS INVOLVING THE CITY
AND RELATING TO SUCH IMPROVEMENTS.
8, The City shall havc a reasonable right to inspect the Premises and Project during
regular daylight hours to ensure that the improvements are made according to the terms of
this Agreement, and the City will provide 24-hour notice when reasonably possible, In
addition, (lie Property Owner agrees to provide records and doCrnnentation to the City,
sufficient to verify improvenieiils and employment data to ensure. performance under this
Agreement.
3
). The base year value of this Project is January l of the year it is executes{ by both
parties. Subject to the terms and conditions of this Agreement, all increascs in taxes owed
to the City, assessed from the ad valorenn real value resulting from these improvements of
these Premises, are hereby abated in their entirety for a seven-ycar period beginning
January 1, 2027 and terminating December 31, 2034.
10. Exemption from plamling and building fees associated with new cornstrrretion
and liens associated with the Premises shall be made part of this Agreement. Water tap
fees shall not be made part of this Agreement.
II, In addition, the City and the Property Owner agree to cooperate with one
another to facilitate the expeditious processing of permits, including zoning applications
(s), subdivision applications, flat approvals, development application(s), and building
permit applications required for• the completiorn of tine project, in accordance with State
;Statutes and City Ordinances.
12. The City and the Property Owner each agree to act inn good faith and to do all
things reasonably necessary or appropriate to carry out the terms and provisions of this
Agreement, and to aid and assist the other in carrying out such terms and provisions in
order to put tine other in the same condition contemplated by this Agreement,
13. If the Property Owner elects not to proceed with the development of the project
as contemplated by this Agreement, the Property Owner will notify all Parties ill writing
and tine obligations of either the Property Owner and the City will be deemed terminated
and of no further force or effect as of the date of such notice, except those ilia( expressly
survive the termination hereof, if any.
14. Nothing ill this Agreement is intended to create or establish a joint venture
between the Parties.
15. This Agreement v,Tas r€utlnor'ized by resolution of the City Council at its meeting
oil the third of September, 2024, authorizing the City Managcr to execute the Agreement
on behalf of (lie City.
16, This shall constitute a valid and binding agreement between the City and the
Property Ownner when executed on behalf of said parties, for the abatement of City ad
valorem taxes in accordance therewith. This document and ally docrrrnents referenced
fnerein shall represent the entirety of the Agreement between flee Parties. Any amendments,
4
adclondmils, of liiaterial ellanges. shall be in writing and roquire the consent mid approval
OFOH Parties,
'Hie Agreement is perR n able Ili JeMrson Coullly, Texas, tivitlless our hands }
'I Ws 14644 dny ol`-N USA—
CITY OF BEA.UMONT
By:
ATTEST:
Tina Broussaal
City Clerk
Kenneth R. Williams
City milliager
PROPERTY OWNERS
By:
ICCG Ill -ado Nam LP
a Tons limited pal mership
By: ICCG Prmlo Place GI', LLC
Its: General Partner
By: ICCG Holdings, LLC
Its: sole Nlember
Robert J. Pasquesi, it
Its: President
5
ATTEST:
RICH Wish OPFUIITUNITY
HERMON*
T ' V ' X ' A ' CITY OF BEAT TMONT
APPLICATION FOR NEIGHBORHOOD
EMPOWERMENT ZONE DEVELOPMENT INCENTIVES
The purpose of this application is to present to the, City of Beat€moat a reasonably
comprehensive outline of the px'oject for which (lie incentives are requested, Please
review [lie Neighborhood Ennpowernicnt Zone guidelines carefully before completing
this application. If additional space is needed, separate sheets may be attached.
Types of hleentives that you are seetchig:
N Building Fee'Waivet's
N Expedited Pei-mit Review
❑ Lien Waivers
n Tax. Abatement
DESCRIPTION OF PROJECT
1. Legal name attd address of applicant:
KCG Prado Place, LP - 9311 N. Meridian St., Suite 100 Indianapolis, IN 46260
2. Type of organization (Corporation, Ltd. Partnership, etc.):
Limited Partnership
3, Date organization formed:
KCG Pyado Place, LP is a to be .formed Texas entity, but KCG Development,
LLC is its parent Florida entity formed on 08/27/2015 (32-0474152)
4. Address and telephone number of Headquarters location:
9311 N. Meridian St., Suite 100 Indianapolis, IN 46260—single headquarter
317-502-9239
5. State(s) in which business is registered:
To be formed in Texas
6. Other locations of this business (names of cities):
NIA.
7. Is business ern'rent with all taxes?
Yes I NIA
8. Name, address, acid telephone number of principal officers:
R.I Posquesi (President)
9311 N. Meridian St., Suite 100 Indianapolis, IN 46260
317-797-4400
9. Name, address & phone number of designated contact person'
C J Lintner 931 I N. Meridian St., Suite 100 Indianapolis, IN 46260 317-502-9239
10. Type of business to be conducted and goods or services to be produced or provided:
Apartment unit rentals
11. Location of project (street address):
415 S I Ith St, Beaumont, TX 77701
12. Legal (lot, block & subdivision) description of the project (Attach plat of property):
Prop ID 345315 Geographic ID: 0 12815-000-000 100-00000 LOT I CHRIST
COMMUNITY 2,8216AC (please see attaches[ survey + plat outline below)
13. Identify and describe the kind, number and location of all improvements to the
physical property and discuss the development schedule of the proposed illlprovcmcnts.
Please see Attached Development Overview for a detailed response to this question, In
Summary — the existing coil] meroial building and majority of the existing parking lot will
be demolished and replaced with three, 3--story wood frame walkup buildings along [tie
cast boundary of the parcel. Two of the buildings will contain 24 apartment units each
with the third containing 8 apartment units and the common area amenities (gym, after
school program area, conlnlunity room) and Ieasing offices, Construction will commence
November 2024 with first units available November 2025 and Construction Completion
projected for February 2026,
14. What infrastructure constmetion will be required to serve the proposed project? What
is the estimated cost Of this c0118tructiO1V
There total investment. will be $16,500,000 - hicluding demolition of the existing
structure, site work Costs and C011SU110 0JI of the 110W Jilultithlllily property,
15. Estimated Construction conlllleneement (late: 11/01/2024
16. Estimated construction completion date: 02/01/2026
17. Estimated date for project to be operational: 11 /01/2025 will be first units available
with project ftilly operational 2/01/2026
19. City liens requested to be released: NIA
EMPLOYMENT IMPACT (for Non-residential Projects)
19. What is the estimated number of permanent full-time new jobs that will be crm ed`7
2
2 full tinic positions including l property manager and 1 iiiaitite►iac)ce/landscaping
professional.
20. What percentage of employees do you anticipate will be residents living in:
(a) the Neighborhood Empowerment Zone 50- 100%
(b) City of Beaumont. 100%
(c) Jefferson Corn►ty 100%
(d) Outside Jefferson County 0%
21. Hmv many new, temporary and part -tinge jobs will be created in Beaumont?
1 part Lillie, permanent position for an on -site education coordinator to run an after school
learning program.
801- new temporary, full-time jobs to construct. the, property, buildings, etc with ►t
duratlon of 15 months
22. What types of jobs will be created?
Construction, property maintenance, and landscaping jobs call be creatcd (third party)
23. What will be (lie total project annual payroll of the newly created jobs?
$125,000 — for the permanent positions both full -Lime and parmimc
$3,200,000 -- for the temporary, part -tine construction positions
24. Will specialized training be requircd7 If so, what type?
No
FISCAL IMPACT
25, Is there an anticipated cost to the City of Beaumont for providing municipal services
to the proposed project?
No, there is no anticipated added cost to the City of Beaumont, The anticipated residents
of the community will collie from existing members of the area -- i.e. it's not projected
that the community will bring in new residents that would increase burden on local
inuiclpal services.
COMMUNITY IMPACT
28. Do you anticipate the proposed project having a substantial impact oil the local
residential, commercial or retail market?
Residential: Yes, this project will provide much needed housing for citizens of
Beattnot% This includes nurses, firefighters, police officers, factory workers, retail/fast
3
food workers, and other low -medium income individuals and families. This area of town
is lacking in high duality, well -maintained housing options for middle to lower income
residents, The apartments provided will provide a hand tip for local area Community
members to reduce financial burdens and focus their true, effort and money 01r
improving their lives and sittratiolis — which will have not only individual positive
impacts but larger positive impact on the community as a whole,
Commercial/Retail; the resulting apartment community will provide added customer base
for existing commercial and retail i1i the area -- with the development already having
received positive endorsements from iota[ area businesses. It should act as a catalyst for
business growth and filture economic investment in the area as adding residential density
is provclr to drive commercial and retail development.
29, Will rezoning and plattinglreplatting be required?
A rezoning has already been completed, No further rezoning or variances needed.
It is understood that (lie information provided lrercin is based on estimates and
projections, but that such estimates and projections have been fully investigated and are
made in good faith as to their accuracy. It 1s further understood that any information
provided herein that is actual and not estimated is represented to be true and correct. Any
information herein, which is misrepresented as true and correct or for which there is fro
good faith basis, slay result in the denial of consideration for or termination of incentive
agreen1ent.
~�~ 7131 /24
Signature Date
4
If you have any questions abort this application please (mll the Community Development
Department at (409) 880-:3762.
CITY OF BEAUMONT STAFF RECOMMENDATION(S) AND/OR COMMENT(S):
(Tv be completed by City of Beaumont Staff' Only)
2. Recommendation:
Approve
Disapprove
Comments:
5
�valopmn. lit: m 6- v- e-- -r v-ke—w
Concoptual Community C)vArVlew `tl
I<CG is proposing: 66 units of general
tenancy rental housing, for ilia currently
unutillzed and vacant parcel at the cornor of
116, & Hollywood -- formerly utilized as a
church facility.
The comtnunity will use Texas Department
of Housing and Community Affair's W11a Tax
Credit Program to provide units for
households earning at or below till% of Ilia
Area Median Income — with some units
designated for tenants at Incomes as tow as
30% of the Aroa Median Income,
The contemplated design, illustrated by ilia renderings Included hereln, features 3-story buildings. This design will comply with all
code requirements for multifamily development of this nature, but the slle will roquire a rezoning in order to allow Iho proposed use.
Continued discussions with City Staff and Coniniuntty Members will load further revisions to the site plan. units will feature
expansive floor plans, energy saving features, technology Integration and more. The clubhouse will be a part of ilia larger residential
building and will include spaces for various resident programming. The comtnunity will feature a community kitchen, walking pants
that Connect to the public trail system that meets the south side of the site, a gazebo, a sport court, and playground alongside a
sizeable greenspace dedicated to residents.
The property will be
connected with local
health, social and mental
wellness resources to
ensure our residents have
Information and access to
Ilia resources they need to
live with independence
and stability while
inainlaln6ng connections
with the larder community.
KCG is already having
initial discussions with
several area
organizalfons.
Sustainable building
features — efficient lighting, plumbing, windows, HVAC and more --will be Integrated Into the design. User-friendly technology
integration -- controlled building access, smart thermostats, built -In USB ports, smart-lighling in common areas, etc-- will also be
incorporated. KCG has begun actively seeking city staff and comtnunity Input to ensure what is built Is maximally responsive to what
our future neighbors and residents want to see added to ilia city's housing inventory,
This community will be developed utilizing the State of Texas' 9% Housing Tax Credit Program, which allows for the development of
modem, sustainably built housing Inventory to serve lioUSaholds at a variety of Income levels. Extremely high demand for labor
nationally, coupled with supply chain Issues for key components of residential construction, leaves cities like Beaumont al a
disadvantage when It comes to providing new housing Inventory. This leaves many renters in the stuck over -paying and burdened
by ilia cost of housing, The Housing Tax Credit Program allows comniunifies to close the gaps In their housing needs — providing
market -rate <luailly housing options at rentals rates dlcaled by local Income data. This means housing options that provide earners
at all income levels a place to call home that's within budget.
The development of the community will be overseen from start to finish and throughout operations for years to come by ilia KCG
team. KCG is a vertically Integrated firm with Development, Design, Construction and Property Management fill in-house —working
with local partners In all of these areas to maximize local economic Impact. Our corporate construction team will work with local
subcontractors and laborers while, our design team will coordinate with local engineers and surveyors and our property
managornent division will hire local property managers and maintenance staff to operate the community. This approach allows us to
maximize economic benefit to ilia larger community. it also ensures ilia conimlimenls we make on the front end with City Staff and
members of ilia community are not only translated Into what we build but Into how the property is operated for decades to come.
KOG Development
0311 North Maildtnn Street Suite 1001 Indlanapalls, IN 146260 1 (W1 d02.9239
.�nrtiv I v a t r s o t] / of flirlllQrQkGgcQn1P�?tti.LS.e�?Ltl
Key Project Information
Iroperty Nance; Prado Place
Ownership Entlty: KCC Development, LLC, or a related special purpose entily wholly owned by KCG Development, LLC
Tenancy: General Tenancy
Address; 416 S 1101 Street
Zoning: current zoning aliows for mull4a€nily development as a use, no rezoning required
Contemplated Unit Mix -- 50 total units
O 30% 1 Bedroom
o GO% 2 Bedroom
0 20% 3 BedrooEln
Contemplated Rent Struolura
o Per State requirements for the 9% Housing Tax Credit Program, units will be rented to households at or below 60%
of Area Madlan Income levels, We are also offering some units as low as 30% AM[ rent levels, for tenants at or
below the 60% AM) levels,
a All utilities will be tonant paid, but the estimated cost of those utilllles will be factored Into and discounted from the
rents tenants must pay to ensure an affordable living situation for all In the community,
contompialed Btoiding sustahnalalilty Faatures
a Energy Star Lighting
o Energy Start Appllances
o Enorgy Start Windows
o WBterSense Low -Flow Plumbing Fixtures
Contemplated Technology integration
a Smart outletswIth USa plugs
o Controlled key -card access
o Smart common-aroa lighting
o Property Wide Fire Monitoring & Sprinkler System
Contemplated Davelopment Timeline
0 Progress to Date - Inll€al dillgence, proliminary design dlscusslons and initial dlscusslons with local community
leaders & city staff
d January 2023 -- submit Resolution of Support Application to City
o February 2024 — City Council Resolution of Support vote, finalize Internal &Ilgence, prepare for 9% Housing Tax
Credit Application submisslons
o March 2024 -- submit + 9% HTC Application to TDHCA, finalize Initial set of doslgn documents, unit and building
plans, etc
o June 2024 -- begin plan review and permitting process with City Staff
o July 2024 — recelve 42M Letter from TDHCA for 9% FITC
a November 2024 -- financial closing and construction commencement
o November 2025 — first units online
0 February 2026 — construcllort completion
o April 2026 — Lease -Up complete
K00 DeveloplrEent
93U North Marldlen Street Suilo a.001 IntElanapolls. IN 146260 1 (U7) 502.9239
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Profile of Principles & Key Staff
Firm Overview
Established In 2016, f(CG is a mixed -use and nutllifamily housing developer founded on the princlpte that positive social Impact and
profitable developmonl are not mutually exclusive, Never taking a "one size fits all" approach, we take pride In our conunllnient to
aligning our vision with that of locat stakeholders. Through this customization, we build sustainable communllles that represent long-
term value and opportunity for residents,
KCG's approach to development and strong values are reinforced by the experience of its team mombers. Throughout our careers,
KCG principals havo collectively financed, developed, or built more than $2.8 billion of mullifannily rental housing. This combined
expertise allows KCG to craft unique, rinarket-responslvo development seluilons and offoctively leverage a wide range of financing
sources,
Sinca 2018, KCG has consistently been ranked among the nation's
lap 30 Affordable Multifamily Developers In Affordable Housing
Finance's annual ranking-- most reoontfy 118In 2023. Ourgrowth and
successes to date aro a ioslamonl to multi-dlscipllnary devefopnnenl
approach and KCG's strong partnerships with housing agencies,
financial partners, localities, and our residents,
organizational Structure
KCG Companies, LLC
nneTapx.W, ttC I Gelv'UI ( Con,u"Llmjkc �. AePdeneG,l,LtC
KCG Development, LLC is the development arm of the KCC
Companies firm - a vertically integrated affordable housing group
with Development, Design, Construction and Property Management groups, KCG Development will leverage the sister companies
within the organization to develop, design, build and manage this community,
KOO Companies I Team Protlfe
KCG's dynamic leant Includes individuals with planning, design, finance, and community development expertise,
apartment hortnes tola
million in Investments,
R.J. Pasquesi I President and Founder
R.J. Pasquesi is the Founder and President of KCG Developrrrenl, He is responsible for providing
both the strategic direcilon and for loading the day -today operational activities of the firm. R.J.'s
work at KCG also encompasses taking the lead on equity and sander relationships, project specific
financing issues, and growing the portfolio through the acquisition and development of apartment
communities.
Prior to forming KCG, R.J. was a senior executive at Herman & Kittle Properties where he led the
development and finance areas and helped double Ilia size of the firm over his tenura. During his
kk time there, R.J. was involved in the development, acquisition and / or financing of over 7,600
more than $BOO million In Investments and over 630,000 square feel of self -storage totaling more than $46
R.J. began his real estate career working for Affinity Real Estate, LLC, a boutique real estate Invoslnlent firm. R.J, also worked at
Bank of America In both Investment Banking and Portfolio Management. While In the Investment Banking Group, he was responsible
for developing corporate finance models to analyze capital structures, acquisitions f divesti(ures, and corporate valuations, Willie In
the Portfolio Management Group, R,J, assisted In the negotiation and structuring of senior bank debt facilities.
Karla Hurck j Executive Vice President, Development
Karla Is the Executive Vice President of Development, responsible for acquiring General Partnership
Interests In existing LIHTC properties, fee simple existing and expiring LIHTC properties as well as
other properties with affordable rents.
With over ib years hn 11te alfordable housing Industry, Karia began her affordable housing career with
the Indiana Housing Finance Authority, now iho Indiana Flcusing & Community Development Authority
(IHCDA). In her role as the Allocations Manager, Karla was responsible for the Low Income Housing
Tax Credit (LIHTC) and Tax Exempt Bond Programs. Karla left IHCDA to work for a national Low
Income Housing Syndicator where she concentrated on reposliloning troubled assols. Things came
full circle for Karla when she arropted a paslilon as ilia Vice Presldent of Acquisitions for a national affordable housing development
company, Hemian & Kiltia Properties. During her tenure with HKP, Karla closed over 40 partnership Interests, representing 3,600
units across 13 states, and played an integral role In correcting property management and compliance related Issues.
Karla earned a Bachelor's degree from Indiana University. Site was recognized as one of AHF's 2016 Young Leaders, has participated
on and facilitated conference panel discussions at Affordable Housing Conforencos such as NCSHA and IPED, and sorves an the
Board of Directors for IndyCREW. Karla currently lives III Indlanapolls, IN with liar husband and two children.
IWO Igovelopinalit
937.E With Morldlan Street suite 1001 Indianapolis, IN 146260 1 (U7)r02-9239
Ymm,kegcmtipanles.coat Comm
CJ I_Ininer I Via, Development
Main Po!}rf of Contact for devalopmonf of Prodo Place In San Angelo
CJ Is the VP, Dovelopinent responsible for cultivating strategic partnerships and multifamily housing
development opportunities throughout Texas and Iowa.
Joining Ilia KCG famhyjusl after Ilia company was founded, CJ's time with [tie firm has been spent
In a varlety of markets — managing all aspects of Ilia development process from site acquisillon,
throughout tiro community engagement process and to punch list close-oul. Development efforts to
data include $360M of new oonstruction, In -place acquisition renovations and conversions of historic
structures to affordable housing.
The last three years, CJ has bean focused on growing KCG's portfolio In Texas. recently completed projects Include two Mark Lip to
Market Sectlon A Contract Renewals, one of which was In Houston and leveraged Disaster Recovery CD13G funding from Ilia City's
Housing & Community Development Department. Prior to turning his attention on Ilia Texas Fnarket, he worked with the Winder
Housing Authority in Winder, Georgla to develop Wimberly Manor— 73 units of senior housing on land owned by the Housing Authority.
CJ earned a Hachelor's degree frorn Ilia Kelley School of Business at Indiana University in Finance and Real Estale. Prior to joining
I(CC, CJ worked for the Center of Health Innovation & Implenmentall on Science at Indiana university's School of Medicine - refining
exporimental results Into sustalnabls, scalable, and financially viable healthcare Innovations, Throughout this experience, he was able
to gain an in-depth undorslandIng of how Impactful the built environment, community design and connectivity to local resources are
In determining the health and socioeconomic outcomes of Loth Individuals and their larger communities as a whale. Ili modern America
a person's zip coda, not their genetics, is the largest determinant of their health outcomes, There is possibly no ocher single slal[slic
that so effectively Illustrates the disparate situations faced by lower Income communities, where physical location, I.e. a lack of
equitable housing options, often puts essential community resources out of reach.
A desire to combat the disparities faced by workforce communities is CJ's driving motivation -- affordable housing development
combines a passion for entroproneurshlp with a desire to build a better future for those around him.
Tina Waggoner I Asset Manager
Tina Is (tie Asset Manager for KCG Dovelopmo nt responsible for monitoring property paiformance
to ensure all company owriod communities are performing financially and generating a return on
Investment. She also makes sure these communities are maintained In accordance with the
company's vision to provide safe, affordable housing for families and seniors.
With over 25 years In the affordable housing Industry, Tina began her affordabla housing career with
Davis Properties, LP In 1002 as property manager and spent the last 12 years with Herman & Kittle
Properties, Inc as regional manager. In her role as regional manager, Tina was responsible for
overseeing the lease up of over 20 Low Income Housing Tax Credit (LIHTC) and Tax Exempt Bond
properties. During her tenure with HKP, Tina spent Ilia last 5 years overseeing the transition and
stabilization of acquisitions. In that time she transhloned and stabilized over 25 properties, Most of which had operallonal challenges
such as declining occupancy, non-compliance and financial under -performance.
Tina earned her Certified Property Manager (GPM) designation In 2013 frorn the Institute of Real Estate Management (IREM), Site
holds the Cortlfied Occupancy Specialist (COS) and Blended occupancy Specialist (BOS) designation from the National Center for
Housing Management (NCHM) along with the Housing Credit Certified Professional (HCCP) from the National Association of Home
Builders (NAHB).
Andrew Wilson I Chlef Operating Officer
Andy Is the Chief Operating Officer, Andy Is COO for KCG Companies, responsible for the design,
lmpleniontation, and analysis of all key business processes In the organization. His diverse professlona[
experience In the design, construction and real estate development Industries provides excellent
perspective to align Interests and outcomes across all KCG divisions,
Previous to his curronl position, Andy was Vice President of KCG Design Services, responsible for
architectural, design oversight and standardization of ell KCG developments, and a member of the KCG
Executive Team.
A licensed architect since 2006, Andy started his career in New York City, where he worked for large firms specializing In master
planning, hospitality, and lilgh-and rosIduntlol design across the US and In Bermuda and the Caribbean. More recently, Andy was
a construction project manager and lead cost osllmalor for a construction managernenl firm responsible for $120 trillion In lump suns
bids annually. After 13 years in Now York, Andy came hack to the Midwest, working in Milwaukee for a real estate investment and
deve[opmanl company focused on LIHTC and historic tax credit rehabs and development In southeastern Wisconsin.
KCG Development
9811 Norlh Maddian Street Suite 1001 Indianapolis, IN 146260 1 (337} 502-9239
�l4y,Icc�4r111}irt S,CdI}}�G�,i%[7�ri_�'_L�i44�C011}�3F1105_IIOFEi
For KCG, since 2019, Andy has overseen design for noarly 750 affordable units at a tolal dovelopnionl value of over $$126 million, In
a mixture of now construction and rehab projects. Andy Is a surnma cum laudo gradualo or the University of Notre Dorno More he
earned a Bachelors of Architecture, and holds credentials as a U.S. Green Building Cduncli LEED9 Accredlied Professional and
Malional Council of Architectural Registration Boards Certified Architect. Andy lives In Indianapolis with his wife and two sons.
Development Partner References
Fallowing are development partner references from previous projects whleh KCG has participated In. Please feel free to contact any
of these groups or lndMduals directly for nmro Information.
Community Partners
Ray Miller
Assistant 01roctor
Mullifamlly, Public t acilliles & Real Estate Finance
City of Houston
Housing & Community Development Department
2100 Travis Street, Vr I loor
Houston, TX 77002
Office: 832-394-611 B
Email: Ray. Mill erpHousionTx oov
Jim Shaw
Executive Director
Capital Area Housing Finance Corporation
4101 Paritstone Heights Drive, Suite 280
Auslin,'rX 78746
Office, 512-347-3953
Email; leshaw u.cahfc.orn
Tax Credit Investor References
Jon Erlxon
Senior Vice President, Originations
Allianl Capital, LTD
21600 Oxnard Street, Suite 1200
Woodlands Hills, CA 91367
Office: 81 BA49-5800
Email: Jen.ErixonC alIlantcaoital.com
Kristen Senff
Vlco President - Originallons
10 South Riverside Plaza, Suite 1700
Chicago, IL 60606
Offica: 312-360.0400
Email: Krislen 0 nffftnor1nc,org
Housing Authorities
Michelle Yawn
Executive Director
Winder }-lousing Authority
103 Martin Luther King, Jr. Drive
Winder, GA 30680
Offtco: 770•867-7495
Emall: myawnfi;} Mderhousing,com
IM Developmont
9311 North Meridian Street Suite 1001 Indlannpolfs, IN 146260 1 (317)1502.923q
LAJV.15S 9 gtt)na.4lles,,c / gj,rlrrtnerC�itcgconnnnr es.cor
Referential Concept Ronderings
Note: KCG Is proposing a 3-,story duslgn for this community, in line with the in place zoning, 11e1ghl and danslty IlmIts, otc. "fide
balm images are precedonl Imagery from provious developments, not spociffc to Oils particular community but slntllar In deslgn.
The renderings below highlight the exlorior building materials and styling we are going for. The Intent of tho Images Is to Illustrate
the quality of exterior materials and the leval of dosfgn that Is planned for this community. Following those images are renderings of
the community itself, as shown earlier in this Info packet
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T CITE" OF BEAUMONT
APPLICATION FOR NEIGIIBORI-100D
EMPOWERMENT ZONEDEVELOPMENT INCENTIVES
The purpose of this application is to present to the City of Beaumont a reasonably
comprehensive outline of the project for which the incentives are refit€ested. Please
review the Neighborhood Empowerment Zone guidelines carefully before completing
this application. If additional space is necded, separate sheets may be attached.
Types of incentives that you axe seeking.'
❑ Building Fee Mlaivus
❑ Expedited Per uit Review
❑ Lien Waivers
❑ Tax Abatement
DESCRIPTION OF PROJECT
I. Legal name and address of applicant;
2. Type of organization (Corporation, Ltd. Partnership, etc,):
3, Date organization formed:
d. Address and telephone number of headquarters location,
S. State(s) in which business is registered:
G. Other locations of this business (names of clfies):
7. Is business Current with all taxcs?
9, Name, address, and telephone number of principal officers:
9, Name, address & phone number of designated contact person:
10. Type of business to be conducted and goods or services to be produced or provided:
11, Location of project. (street. address):
12. Legal (lot, block & subdivision) description of the project (At(ach plat of property):
13, Identify and describe the kind, number and location of all improvements to the
physical property and discuss the develolmnent schedule of the proposed improvements.
14. Whal iufrastruclure constriction will be required to serve the proposed project? What
is the estimated cost of this constriction?
15. Estimated construction commencement date:
16. Estimated construction completion date:
17. Estimated datc for project to be operational,
18. City liens requested to be released:
EMPLOIWENT IMPACT (for lion-re-sidenflal Projects)
19. 'What is the estimated number of permanent full-time mw jobs that will be created?
20, What percentage of employees do you anticipate will be residents living in:
(a) the Neighborhood Empowerment Zone
(b) City of Beaumont
(c) Jefferson County
(d) Outside Jefferson County
21. I -low many new, temporary and part-time jobs will be created in Beaumont?
22. What types of jobs will be created?
23. What will be the total project annual payroll of the newly created jobs?
24, Will specialized training be required? If so, what type?
FISCAL IMPACT
25. Is there an anticipated cost to the City of Beauirlont for providing municipal services
to the proposed project?
COMMUNITY IMPACT
29, Do you anticipate the proposed project having a substantial impact on the local
residemial, commercial or retail market?
29. Will rezoning and plattingheplalting be rcquired?
2
it is understood that the information provides[ herein is based on estimates and
projections, but that such estimates and projections have been fully investigated and are
made in good faith as to their accuracy, It is further understood that any information
providers herein that is actual and not estimated is represented to be true and correct. Any
information herein, which is misreprescnted as trice And correct or for which there is no
good faith basis, may result in the denial of consideration for or termination of incentive
agreement,
Signature Date
If you have any qI10S1l013S about this application please call Elie Community Development
Department at (409) 880-3762.
CITY OF BEAU MONT STAFF RECOMMENDATION(S) AND/OR COMMENT(S):
(To be completed by City of Beaumont Staff Off)ly)
2. Reaomt unclatcon:
Approve
D15approvc
Cominclits.
m
Beau
mont
Empowerment
Zones
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Community Ofivai0pnimil Daparininnl
quest for Economic Development Incentives under the Nelghhorhood Empowerment zone Program.
ipl[cant: KCG Prado Place, LP
cation: 415 South 11TH Street
100
! , 1 Feet