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Wyvernwood Essay

698 words - 3 pages

Wyvernwood
 //
 Resident
 Retention
 Plan
 Outline
  September
 2013
  Background
 Info:
  -­‐ 256
 buildings
 (153
 residential
 buildings,
 98
 garage
 structures,
 and
 five
 non-­‐ residential
 buildings.
 1,187
 dwelling
 units
 and
 ancillary
 structures
 for
 parking,
  laundry,
 and
 other
 related
 uses.
  -­‐ The
 proportion
 of
 family
 households
 (91
 percent)
 was
 higher
 than
 in
 the
 Subregion
  as
 a
 whole
 (64
 percent),
 as
 is
 the
 proportion
 of
 family
 households
 with
 children
...view middle of the document...

 Most
 buildings
 no
 drive-­‐up
 access,
 making
 it
  difficult
 to
 reach
 by
 police
 and
 fire
 in
 emergency
  -­‐
 Does
 not
 meet
 Americans
 with
 Disabilities
 Act
 energy
 and
 fire
 codes
  -­‐
 Parking
 not
 adequate
 for
 current
 residents
 
  Wyvernwood
 New
 Development:
  -­‐ Developer
 offering
 up
 to
 $18,300
 per
 unit
 as
 a
 relocation
 package.
 
  -­‐ Not
 all
 units
 eligible
 for
 $18,300.
 Relocation
 amount
 based
 on
 contingencies
 (ie:
 #
 of
  seniors,
 children,
 etc.)
  -­‐ Only
 ~660
 units
 of
 new
 development
 will
 be
 under
 affordable
 housing
 prices
  -­‐ No
 new
 development
 will
 be
 RSO
 protected
  -­‐ 1
 year
 written
 notice
 given
 to
 vacate
 property.
 Need
 to
 choose
 within
 11
 months
 to
  choose
 between
 Option
 1
 and
 Option
 2.
 
 If
 one
 isn’t
 chosen,
 tenant
 is
 choosing
  Option
 1.
 
  -­‐ “Tenant”
 in
 plan
 only
 considered
 ‘tenant’
 if
 name
 is
 recorded
 on
 lease
 and
 any
  subtenant
 of
 tenant
 must
 be
 approved
 in
 writing
 by
 owner
 to
 be
 considered.
 
  -­‐
 ‘Tenant’
 is
 all
 persons
 living
 in
 one
 unit.
 One
 unit
 =
 one
 tenant.
 $18,300
  relocation
 package
 must
 be
 distributed
 amongst
 all
 persons
 in
 one
 unit.
 
  -­‐ Market
 rate
 to
 purchase
 new
 proposed
 condominiums
 will
 be
 $400,000.
 Given
 down
  payment
 on
 housing
 purchases
 are
 generally
 20%,
 the
 down
 payment
 on
  purchasing
 can
 be
 around
 $80,000
  -­‐ Qualifications
 for
 Rent
 in
 new
 condominiums.
 
  -­‐ A
 Tenant
 cannot
 have
 been
 convicted
 of
 a
 felony
 crime
 involving
 violence,
  drugs
 or
 sex
 within
 the
 preceding
 ten
 (10)
 years,
 or
 any
 felony
 crime
 within
  the
 preceding
 five
 (5)
 years.
 
 
 
 

Resident
 Retention
 Plan
  Option
 1
  Accept
 relocation
 payment
 and
 vacate
 premise
 within
 one
 (1) ...

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