by admin on October 21, 2009
Greetings! Thought I would keep you posted!!!
As you know on October 6, Exceptional Green Living on Rosa Parks was approved by Detroit City Council with a 8-0 “YES” vote to move forward. It was passed with a “WAIVER” which means they cannot change their minds or take the vote back. We are moving into our 2ndphase or our pre-development plan to lay our groundwork for construction of a Model Home, prepare condo docs, pull permits, pour the foundation and purchasing the shipping containers! We can accomplish these tasks and ensure a summer/fall grand opening.
We are also waiting on the final approval of our Brownfield Tax Credit from the State of Michigan… any day now!
by admin on October 14, 2009
On October 6, 2009 the Detroit City Council voted UNANIMOUSLY (8-0) to approve the 3 resolutions needed to begin our project. What this means is now we are able to proceed to the land sale from the City (will take 2-3 weeks)—then we can proceed with the timeline on ground breaking & construction. Our goal is to pour the foundation before the frost line hits… it may be close however we have a very solid back-up plan that will not delay sales but in fact will keep the Rosa Parks project on target for a spring/summer completion.
Our primary goal today is finalizing our funding so the engineers can work full time on our project and we can purchase the 3 small City-owned lots, pull permits, build a sales model, pour concrete and pre-sell units! Now with the City approvals, we can open new doors of funding that were closed to us… with that said we are aggressively seeking funding in 3 stages (please contact us if interested in participating):
• OCTOBER: Pre-development funds: $250,000; 45-60 day term @ 20%– either rolled over into 7 month loan or paid when 1st position lien is funded.
• NOVEMBER: 1st position lien: $1.5M (40% LTV); 7-10 month term @ 20%– secured by 1st position lien and with Brownfield Tax Credit ($600,000)- will be paid 1st and requires only nine (9) condos sold.
• DECEMBER/JANUARY: 2nd position of $2.2M in corporate funding @ 8% (all ready committed based on securing 1st position funds).
We will update this site every 2-3 weeks now that we are going full steam ahead.
by admin on September 30, 2009
YES- today we received a “YES” vote to move Exceptional Green Living on Rosa Parks to City Council for the official approval on October 6!
Detroit City Council’s Planning & Economic Committee has sent a resolution to Detroit City Council for a formal vote to approve the project. Once the vote is complete, we can move forward with construction plans. Keep posted as we create history!
by admin on August 7, 2009
On August 6, Detroit’s City Planning Commission voted with a resounding “YES” to approve Exceptional Green Living on Rosa Parks. This votes follows months of cooperation between staff of City Planning Commission and Planning & Development Department of which we are extremely grateful.
What happens next? The City Planning Commission forwards the project to City legal department to draft the language to take to City Council for a final vote via City Council’s Planning and Economic Committee in September. Once we receive the final “go ahead”- we can pull permits and start construction!
Special thanks to our City advocates Chris Rashtke (P & DD) and Tony Jeffries (CPC)– two of the shining stars who have “put up” with us over the past year- they, among a long list of others have shown patience and professionalism during this long haul. Thank You.
by admin on July 13, 2009
On Thursday, May 14 the newly formed Woodbridge Citizen’s District Council voted (6-2) to give their recommendation to the City Planning & Development Department to proceed with the Woodbridge Plan Development Change as well as a recommendation for the land purchase and support for our project- Exceptional Green Living on Rosa Parks to move forward! Thank you!
City Planning Commission is next! Looking for a vote on July 23, 2009.
by admin on March 25, 2009
We are pleased to announce that on March 19 the Housing Commission has officially approved the land purchase of our project Exceptional Green Living on Rosa Parks. This was a necessary step towards our goal of breaking ground this June. We have 3 more city entities & public hearings to present to and receive approval from… City Planning Commission, City Council’s Econimic & Planning Committee and City Council.
On March 12, we gave a presentation to the newly formed Woodbridge Citizen’s District Council-they had excellent questions and will give their recommendation to the City’s Planning & Development Department in April. Congratulations to the new CDC & good luck with all your endeavors.
by admin on March 11, 2009
We have a schdule in place to break ground in June! Keep posted in the next month for pre-sale information and exciting news about our new contractor.
by admin on December 18, 2008
Well as we begin 2009 we have many great accomplishments to be proud of and greatful for. Exceptional Green Housing on Rosa Parks is closer to becoming a reality. We are working diligently with the City of Detroit entities to drudge through the approval process and have actually been approved for our Brownfield Tax Credit. If all goes as planned, we break ground in April 2009 and expect a completion date of July. More news to follow.
A special thank you to our entire team
by admin on October 28, 2008
We received a 6-2 vote in favor of our Brownfield Tax Credit from Detroit’s City Council today. What a great milestone for Exceptional Green Living on Rosa Parks to accomplish. A special thank you to all those supporters of our project… here we go.
by admin on October 21, 2008
Exceptional Green Living on Rosa Parks is receiving some very special treatment… our Brownfield Tax Credit vote from City Council was postponed one more week pending the review from the City Planning & Development Department and the City Planning Commission. So we will march ourselves back downtown next Tuesday (10/28) at 10:00 am ready to answer any additional questions they may have before approving our Brownfield Tax Credit. In the meantime, it’s appropriate to contact the honorable members of Detroit’s City Council to voice your support!
As a team, we are A-OK, on target and moving forward on all other fronts of this great project.
One quick acknowledgement to James Willer and our new facebook fans at Support Power of Green Housing… thank you for the foward thinking and great support-I even see our dear friend Erik Tungate has joined the group…cool!
