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047-25 (RealEstateTaxExemption(ClineManorVALLC)) ORDINANCE Action: BOARD OF SUPERVISORS: February 26"', 2025 Adopted AN ORDINANCE TO PARTIALLY EXEMPT REAL ESTATE TAXATION FOR THE PROPOSED DEVELOPMENT OF PROPERTY KNOWN AS THE ESTATE OF PEGGY CARSON RITTER HENCEFORTH KNOWN AS CLINE MANOR VA LLC, LOCATED IN THE COUNTY OF FREDERICK,VIRGINIA, BY LOCAL CLASSIFICATION OR DESIGNATION FROM FULL ASSESSMENT OF TAXES: WHEREAS, ESTATE OF PEGGY CARSONN RITTER, (hereinafter referred to as CLINE MANOR VA LLC) has applied to the Frederick County Board of Supervisors (hereinafter referred to as "the Board) for an ordinance providing it with partial tax-exempt status from the County of Frederick on real property taxes relating to the proposed development of CLINE MANOR VA LLC apartment complex in Frederick County,Virginia located on the Frederick County Tax Map Number 63-A-37 located at 3266 Valley Pike; and WHEREAS, the Board desires to support and encourage the development of said property by enacting an ordinance to provide CLINE MANOR VA .LLC with a partial tax exemption from the County of Frederick's real property taxes; and WHEREAS,the Virginia Code Section 58.1-3219.4, authorizes the County to enact such exemptions within the limitations therein prescribed and as may be prescribed by this Board; NOW,THEREFORE,BE IT ORDAINED pursuant to Section 58.1-3219.4 of the Code of Virginia that; 1. The real property of the Estate of Peggy Carson Ritter to be partially exempted hereby is located within the County of Frederick, Virginia, being tax map number 63-A-37 located at 3266 Valley Pike. 2. The Frederick County Board hereby finds that: a. The subject real property, along with improvements currently located thereon, is assessed at a total of Five Hundred Two Thousand Dollars and Zero Cents ($502,000) and the cost of the intended improvements is expected to be Nine Million Nine Hundred Thousand Dollars and Zero Cents ($9,900,000.00). b. The real property taxes that were paid by the subject property's owner for tax year 2024 were Two Thousand Five Hundred Sixty Dollars and Twenty Cents ($2,560.20). The increase in value caused by the proposed inlprovennents could result in an increase in the amount of total tax on this real property to the amount of Fifty One Thousand Three Hundred Forty Nine Dollars and Fifty Five Cents ($51,349.55). 3. The Board finds that CLINE MANOR VA LLC is an organization that proposes to develop housing structures for historically underprivileged residents in the County of Frederick, and No. 047-25 nearby areas, The proposed development CLINE MANOR VA LLC will serve the County of Frederick, and its residents, as an affordable housing options. As such, said organization is eligible for a part exemption from the assessment of real property taxes as a result of said development under Virginia Code 58.1-3220, for a period of three(3) years, in an amount not to exceed Two-Thousand Dollars and Zero Cents ($2,000) annually. 4. The Board hereby exempts CLINE MANOR VA LLC from that portion of their real property taxes accruing as a result of an increase in property value by reason of the proposed improvements or Fifty Percent(50%)of the cost of such improvements,whichever is greater, but not to exceed Two Thousand Dollars ($2,000) annually, for a period`of three(3)tax years once all improvements are completed, a. The cost of improvements shall be presurned as shown on the building pen-nit application. The proposed improvements are those described in the attached exhibit A which is hereby incorporated into this ordinance. b. The exemption hereby granted in contingent upon the following: i. CLINE MANOR VA LLC providing Dousing predoininately for persons with low to moderate income as defined by Virginia Housing. This ordinance shall be in effect on the date of adoption. Passed this 26"' day of February by the following recorded vote: Josh Ludwig, Chairman Aye John Jewell Aye Heather H. Lockridge Aye Robert W. Wells Aye Blaine P. Dunn Aye Robert Liero Aye Judith McCann-Slaughter Aye A COPY ATTEST Michael L. Bollhoefer Frederick County A nistrator No. 047-25 r COUNTY of FREDERICK Department of Planning and Development �sern, 540/665-5651 - Fax: 5401665-6395 MEMORANDUM TO: Frederick County Board of Supervisors FROM: Wyatt Pearson,AICP,Director of Planning and Development RE: Cline Manor Revitalization Area and Tax Abatement DATE: February 20, 2025 Introduction Surber Development and Consulting LLC (the Applicant) has requested the Board pass a Revitalization Area Resolution and Tax Abatement Ordinance to support their Low-Income Housing Tax Credit (LIHTC) application for a multi-family housing complex at 3266 Vally Pike (PIN 63-A-37). For both requests, if approved, the applicant would include in their LIHTC grant application. The LIHTC program is a competitive process, and having the support of the local governing body via these two requests helps the Applicant's project score better and more likely to receive a grant award. Current Zoning and Comprehensive Plan The property in question is already zoned.Residential Performance (RP) and could be developed by right with similarly non-subsidized housing. The Comprehensive Plan designates this property as being within the Kernstown Area Plan,and more specifically a part of the Kemstown Creekside Neighborhood Village: Kernstown Creekside Neighborhood Village serves as a focal point to the Kernstown Area and as a gateway feature for this important County location. In addition, the Kernstown Creekside Area serves as a gateway into the City of Winchester, and on a broader scale, a gatewavfeature far this portion of Frederick County as citizens and visitors approach this portion the County from the south. This neighborhood village should promote a strong positive coninaunity image. Residential land uses would be permitted only as an accessory component of the neighborhood village commercial land asses. This area should have a strong street presence with particular attention being paid to the form of the buildings adjacent to Route 11. It is the intent of this plan to reafflnn Kernstown as a distinct connnunity, blending the old with the new, and building on the successful developments that have occurred in this area of the County. Revitalization Area Request 107 North Kent Street, Suite 202 e Winchester, Virginia 22601-5000 Cline Manor Revitalization Area and Tax Abatement February 201h, 2025 Page 2 The Revitalization Area Request is based upon Virginia Code Section § 36-55.30:2. Housing revitalization areas; economically mixed projects. More specifically,that section allows localities to designate specific areas of the community that could benefit from reinvestment targeted at providing affordable housing. In this instance this location likely meets two of the State Code criteria, which are copied below for reference: (b) the industrial, commercial or other economic development ofsuch area will benefit the city or county but such area lacks the housing needed to induce manufacturing, industrial, commercial, governmental, educational, entertainment, community development, healthcare or nonprofit enterprises or undertakings to locate or remain in such area; and (ii)private enterprise and investment are not reasonably expected, without assistance, to produce the construction or rehabilitation of decent, safe and sanitary housing and supporting facilities that will meet the needs of low and moderate income persons and families in such area and will induce other persons and families to live within such area and thereby create a desirable economic mix of residents in such area. Tax Abatement Ordinance The Tax Abatement Ordinance request is based upon Virginia Code Section § 58.1-3219.4. Partial exemption for structures in redevelopment or conservation areas or rehabilitation districts. The Applicant has requested a nominal amount of real estate abatement which is described below. Please understand that these are assumptions developed by the applicant, which have not been validated with the Frederick County Treasurer or Commissioner of Revenue. Current Assessed Value = $502,000 2024 Taxes Paid= $2,560.20 Anticipated Cost of Improvement= $9,900,000 Estimated Assessed Value After Completion= $10,045,000 Estimated Annual Tax Payment After Completion = $51,349 Requested Abatement Amount After Completion Annually (3 years) = $2,000 Cline Manor Development Proposal The Applicant intends to construct two multi-family structures that may total 80 units.Their typical product uses high quality materials as well as elements of universal design and accessibility (see example image). This is an allowed use under the existing zoning for the property. As proposed, the project would have a blend of affordable units based upon a percentage of the Area Median Income (AMI). The applicant provided a general intention for how they would blend the units for the 50 unit apartment building for reference below. In regards to the set asides and rents, if 50 units, there would be 28 three-bedroom and 22 two- bedroom units. Of the total, 5 units would be set aside for individuals/families earning less than 30% of the Area Median Income, 21 for individuals/families earning less than 50% of the Area Median Income, 6 less than 60%and 18 less than 80%. Cline Manor Revitalization Area and Tax Abatement February 201h, 2025 Page 3 The maximum rents are restricted and controlled by the federal government. The maximum rents must take into account a Utility Allowance. We will hire a 3rdparty to conduct a utility analysis and provide us with these numbers. For now, I am estimating allowances of$119 for a two- bedroom unit and $130 for a three-bedroom unit. These are estimates based on other recent developments. Using these allowances, with current 2024 data (new data will not be released until April 2025), the maximum rents are as follows: 2 bedroom: 30%AMI- $595 50%AMI- $1,072 60%AMI- $1,310 80%AMI- $1,787 3 bedroom: 30%AMI- $696 50%AMI- $1,246 60%AMI- $1,522 80%AMI- $2,073 Additionally, for the Board's consideration as to how the Federal government considers these percentages and in turn qualifies renters,here is a chart showing the max salaries to qualify in each category for Frederick County based upon the household size. 30% 50% 60% 80% AMI AMI AMI AMI 1 Person $22,260 $37,100 $44,520 $59,360 2 Person $25,440 $42,400 $50,880 $67,840 3 Person $28,590 $47,650 $57,180 $76,240 4 Person $31,770 $52,950 $63,540 $84,720 Lastly, in passing a Board member requested any data the Planning Department had on current rental units in Frederick County. The information bulleted below was background information from a study effort we chose not proceed further with. It was collected by a third party in the past year or so via internet research and limited direct outreach. Rent Units available $1,500 to $1,749 6 $1,750 to $1,999 8 $2,000 to $2,249 19 $2,250 to $2,499 20 $2,500+ 28 Cline Manor Revitalization Area and Tax Abatement February 201h, 2025 Page 4 Conclusion Neither the Revitalization Area Resolution or Tax Abatement Ordinance require Public Hearings in accordance with the State Code. Since this property is entitled to construct as zoned it is not a typical land use action that requires a public hearing. The items will be presented to the Board for consideration on February 26th, and the Applicant will be available to answer questions. The applicant's grant deadline for LIHTC is March 13th WGP Attachments 1. Request Letter Surber Development and Consulting LLC 2. Developer's Example Image 3. Revitalization Area Resolution 4. Tax Abatement Ordinance with Exhibit A Surber Development and Consulting LLC January 30, 2025 Frederick County Planning Department Attn: Wyatt Pearson Planning Director 107 N. Kent Street Winchester, VA 22601 RE: Cline Manor 2025 LIIITC Application Dear Mr. Pearson, Surber Development and Consulting is preparing an application for submission to Virginia Housing for a reservation of LIHTCs(Low Income Housing Tax Credits) for the new construction of a multifamily apartment community to be called"Cline Manor". As a part of the application process,please accept this formal request for the Frederick. County Board of Supervisors to pass a revitalization resolution and tax abatement ordinance for this parcel, with address 3266 Valley Pike consisting of approximately 4.2 acres as shown on the attached preliminary conceptual plan. The 2025 application will be for 40-50 units in phase I. A second phase will likely be developed in the future for 30-40 units, with total units in both phases not to exceed 80. We are asking for the revitalization area resolution and tax abatement ordinance to include the entire 4.2 acre tract. All units will be targeted to individuals and families earning between 30% and 80%of the Area Median Income. Should you have any questions,please reach out to me either by email or on my cell phone. Sincerely, .Jennifer E. H. Surber Managing Member 276-698-8760 j ensurberCsurberde v.corn hh f � �� Yi v s p,.i�^✓✓✓y! Yam„ k N Mom% � �� P' t•F Y A � , a ®\; - � ®L t , \ Y �.I, �AiY^ b �\f h f In M I z LU IL 2 C) Y HE LU Nil Rfag N -j i" fl Hi �9p i , CL ow a E 15 . .8 LU I "M -j 0 15 O�h OHM 1 n; I M h. Lj z h H 10 2 R g 9 H P C-4 p p o w 1. z lz I i I � J1111 Vq�LEY PIKE O 55 ==CC) 12 _GG