11/20/2008: "Summary Of TFH Staff Report On Buck Annexation"
At 5:00 pm tonight (Thursday, Nov. 20th) the Town of Friday Harbor Council will hold a public hearing on a proposed annexation of the so called “Buck Property” into the town. The hearing will be held in the Grange building (next to the American Legion).
The following is a brief summary and overview of the Town Of Friday Harbor Staff Report on the proposed annexation.
It is recommended the reader review the complete staff report and analysis for a full understanding of the issues -at least from the Town’s point of view. The San Juan Community Home Trust responses can be found on their Web Page.
Conclusion and Recommendation
“The Town of Friday Harbor currently has sufficient land to meet its housing needs. There are projects underway and planned that will provide over 50 affordable housing units within our current Town limits over the next 5-10 years.
If the Town Council chooses to annex the Buck/Boreen property, a Development Agreement would be necessary to insure that all off-site costs would be paid for by the owner/developers. The Development Agreement should take into account the consultants studies of the Town’s infrastructure and place a restriction on the land requiring 120 affordable housing units. Town staff has addressed these needs and requirements in our Draft Development Agreement. If annexation is desired, we strongly urge you to protect the interests of all current citizens of Friday Harbor and require this, or a similar agreement.”
The estimated costs of off-site Improvements by Phases:
Phase One Costs: $2,050,000
Phase Two Costs: $5,264,000
Total Buck Annexation Infrastructure Costs: $7,314,000
Town Infrastructure Cost per affordable home being proposed: $60,090
Cost Estimates for the on-site improvements were not provided.
Additionally the staff report and the Grey and Osbourne study call for the developer to pay for on-site improvements including, but not limited to:
• Roughly 3,000 feet of connector road between Turn Point Road and Grover Street (This was part of the Planning Commission and Town Council recommendations in 2007 when the UGA was expanded).
• 2 Water Storage Tanks and associated Pressure Zone Pump Stations.
A ballpark estimate by one developer with experience in Friday Harbor put the water tanks and pumps at about $600-900,000 and the road somewhere in the neighborhood of $600K to $1 Million. If these numbers are used, and the Home Trust shares 1/3 of these costs, it would add between $400,000 to $600,000 to their project cost.
Using these estimates would put the infrastructure cost of the Home Trust’s “Free Land” somewhere around $65,000 per proposed affordable home -before installing normal infrastructure (water, sewer, stormwater, power, cable, telephone and parking etc).