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ANDOVER TOWN YARD TASK FORCE. WHAT THE TASK FORCE COMMITTEE DID ? WHY DOES ANDOVER NEED A NEW TOWN YARD? WHAT ARE THE COST IMPACTS OF NOT DOING ANYTHING? WHAT ARE THE BENEFITS OF FINDING A HIGHER AND BETTER USE AT THE CURRENT IN TOWN SITE?
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ANDOVER TOWN YARD TASK FORCE • WHAT THE TASK FORCE COMMITTEE DID? • WHY DOES ANDOVER NEED A NEW TOWN YARD? • WHAT ARE THE COST IMPACTS OF NOT DOING ANYTHING? • WHAT ARE THE BENEFITS OF FINDING A HIGHER AND BETTER USE AT THE CURRENT IN TOWN SITE? • WHAT ARE THE PROJECTED COSTS AND BENEFITS OF BUILDING AT A NEW SITE?
Existing Town Yard • Erected in 1965 – Temporary 10 Year Buildings. • Town Population then 20,000, Now 33,000. • Close to $100,000 spent in the last two years for repairs, emergency maintenance and time to keep the existing buildings in operation. • Recent Investigation - Major Structural Issues. • Functions are in Nine Different Locations. • Buildings are too Small & Obsolete – 1/3 Size. • Equipment rusting being stored outside.
Recent inspections have uncovered serious structural deficiencies
What is the Town Yard? • Forestry Division (P&F) • Highway Division (DPW) • Fuel Depot and Fleet: 150 + Vehicles & Equipment • Parks & Grounds Division (P&F) • Vehicle Maintenance Division (P&F) • Water & Sewer Division (DPW) • Building Division (P&F) • Mechanical/Electrical Division (P&F)
What They Do Support of all Town and School Infrastructure: • $10+ Million Vehicle and Equipment Fleet • 1.4 Million Sf. Town and School Buildings • 2.75 Million Sf. of Fields • 1.4 Million Sf. Lawn Areas • 215 Miles of Roadways • 180 Miles of Water Mains • 100 Miles of Sewers
Town Yard(Lewis/Pearson St) Site 3+acres Existing Town Yard TY11 Taxes = 0 Potential Sale = $2 - $3 million • Residential (158 units) • 237,000 sf • 63 Market Ownership • 16 Income Restricted • 63 Market Rental • 16 Income Restricted • Commercial • 47,000 sf Potential Tax Revenue from redevelopment = $ 561,194
For Andover Taxpayers: • Rare opportunity to actually expand downtown • Increased Tax Revenues • Redevelopment of adjoining parcels becomes advantageous • Increases the value of adjoining parcels • Development Costs are at a cyclical low now • For Andover Shoppers and Its Business Community: • Expansion under 40R will allow Town to retain its character, upgrade its shopping • opportunities and increase business and tax revenues. • Increase variety of stores • Existing center is too small (1/2) • Neighboring towns have expanded along our borders • Provide new housing opportunities • Provide increased commuter parking • Improve property values throughout Town • Improve our “Sense of Place” • Creates new jobs • Improve Traffic Conditions Benefits of Redeveloping Town Yard Parcel Now[Mandatory that Town Yard Facilities be Replaced and Expanded Now. ]
Potential Tax Revenue Town Owned Land • 158 Residential Units - Average selling price between $125,000 - $250,000 • Approx assessed value = $33,390,000 • Approx new tax revenue generated from residential development = $471,467 • Approx assessed value of retail/office development assuming a value of $85 per sf- 47,000 square feet x $85 = $3,927,000 • Approx new tax revenue generated from retail/office development = $89,727 • Approx new tax revenue generated = $561,194 • Existing tax revenue = $0
PRIOR ASSESSMENT BY TASK FORCE NEW REQUEST FOR PROPOSALS for PHASE 1 DEVELOPMENT OF 59,000 SF FOUR PROPONENTS REVIEWED BY COMMITTEE PHASE 1 SINCE VALUE ENGINEERED TO PRE-ENGINEERED CONSTRUCTION OF 57,500 SF
146 Dascomb Road Financial Assessment: Site 24 acres 274,400 square feet FY2011 Taxes = $212,687 Purchase = $13.9 million Retrofit = $10.7 million Total Project Cost $24.6 million
5 Campanelli Drive Financial Assessment: Site 16 + approximate acres FY2010 Taxes = $33,725 (loss of tax revenue) Land and Construction Total Project Cost: $17.8 million to $18.4
ADDITIONAL BENEFITS TO THE TOWN FOR THIS LOCATION: PUBLIC ACCESS TO THE MERRIMACK RIVER
5 Campanelli Drive Conservation Land
NEXT STEPS: REVIEW DESIGN REVIEW DEVELOPMENT COSTS WITH WESTON & SAMPSON ENGINEERS 3. NEGOTIATE LAND PURCHASE 4. PRESENT TO OTHER TOWN BOARDS 5. PREPARE FOR SPRING TOWN MEETING