Diabes Enterprises

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ffi,n mffi D ArsEs E xrERPntsEs July 14,2009 TheEconomic Development Committee Township of Maplewood c/o Elizabeth Fritzen, Township Clerk Maplewood Municipal Building 574 Valley Street Maplewood, N.J. 07040 Re: Response: Letter of Interest for Redevelopment of 125 Dunnell Road Dear Ms.Fritzen: In accordance with the Request for Letters of Interest for the Redevelopment of 125Dunnell Road in Maplewood, we hereby deliver and submit ourresponse thereto and enclose thefollowing information and documentation assetforth in the requirements: . I have attached andsubmit a full copy ofour website which contains those items asrequested in items 1. and2. and4. of the 'Required Content. My email address is E!fuia!!9!.!g!l . Financial Abilitv . Description andpreliminary conceptual . Description of our financial capacity . Proposed Time Line for the Development r Afforda bleHousing discussion . LEED Certification discussion . Property Tax Abatement discussion o Demolition andAsbestos Abatement Wethank the Township for the opportunity to provide thisinformation in response to the Request for Letters of Interest andlook forward to hopefully being considered in the next phase of this procedure. In the interim, if anyadditional information or documentation is required, please feelfree to contact me at vour convenience. Berek Don Tel 201 .84o.OO5O / Fax201 .313.9044 / l oOO Portside Drive / Edgewater, NJ 07020 / www.daibas.com

Transcript of Diabes Enterprises

ffi,n

mffiD ArsEs E xrERPntsEs

July 14,2009

The Economic Development Committee

Township of Maplewoodc/o Elizabeth Fritzen, Township Clerk

Maplewood Municipal Bui ld ing

574 Valley StreetMaplewood, N.J. 07040

Re: Response: Letter of Interest for Redevelopment of 125 Dunnell Road

Dear Ms. Fritzen:In accordance with the Request for Letters of Interest for the Redevelopment of 125 Dunnell Road in

Maplewood, we hereby del iver and submit our response thereto and enclose the fol lowing informat ion

and documentation as set forth in the requirements:

. I have attached and submit a full copy ofour web site which contains those items as requested

in items 1. and 2. and 4. of the 'Required Content. My email address is E!fuia!!9!.!g!l. Financial Abi l i tv. Description and preliminary conceptual. Description of our financial capacity. Proposed Time Line for the Developmentr Afforda ble Housing discussion. LEED Certification discussion. Property Tax Abatement discussiono Demolition and Asbestos Abatement

We thank the Township for the opportunity to provide this information in response to the Request for

Letters of Interest and look forward to hopefully being considered in the next phase of this procedure. Inthe interim, if any additional information or documentation is required, please feel free to contact meat vour convenience.

Berek Don

Tel 201 .84o.OO5O / Fax 201 .313.9044 / l oOO Portside Drive / Edgewater, NJ 07020 / www.daibas.com

FINANCIAL ABILITY

Daibes Enterprises, LLC owns and operates the various entities as listed in the corporate descriptionwhich is included herein. In addition to owning its sub-contractors in the'construction division'Daibeshas established numerous banking relationships with the major banks (Bank of America, Wells Fargo,Wachovia , etc.) as well as the major insurance companies who provide construction and permanentfinancing as well as having obtained financing from the New Jersey Housing Finance Agency forresidential projects and from the Federal Government (HUD).

Additionally, Fred A. Daibes founded and is the majority shareholder in Marine/s Bank based inEdgewater, New Jersey with various branches throughout Bergen County and with planned expandsioninto Hudson and Essex counties.

Banking references will be supplied upon request.

Attached hereto are two conceptuals for your consideration. One concept is for a building containingonly residential rental apartments (32 units) on four levels over a parking. This concept was created soas to comply as best as possible to the current zoning restrictions ofthe Township.

The second concept has the same number of residential units, however a small commercial componenthas been added (6000 sF) and the building has been brought up to the property line. This concept wasdeveloped so as to 'blend' into the existing uses within the immediate area and in consideration ofthecontinuation and blending ofthe existing 'Village Concept,.

Both concepts will be designed so as to be architecturally consistent w1h the surrounding area.

REDEVELOPMENT TIME LINE

In the event we are designated as the Developer for the project we would have appropriate site planprepared for presentation to the appropriate local, county and state agencies as may be required so asto obtain the necessary approvals so as to obtain a building permit. Subsequent to being so designatedand entering into the appropriate Developers Agreement as may be required, it would normally takeapproximately six to eight weeks so as to have the requisite plans prepared for filing with the Townshipfor its review for completeness, and if so deemed as complete, having a hearing date set for the publicpresentation of the application. We would assume that no more than two meetings would be necessaryso as to enable the board to make its determination. lfapproved, and during the appeal period, wewould have our personnel begin the process of completing construction drawings as well as finalizingany other county or state regulatory requirements, if any so as to be in a position to start construction ina timely manner.

Without having any of the geotechnical information of the site, and assuming no adverse conditions, aproject of this nature would normally take no longer than eighteen months to complete from date of theinitiation of excavation.

TAX ABATEMENT

A request for negotiation in accordance with the Statutes of New Jersey will be made to address thepotential of obtaining a PILOT Program from the Township. The issues as to be determined would takeinto accountthe approved scope ofthe project, that being eithera complete residential reqtal projector the mixed commercial/residential rental concept as being contemplated and provided forconsideration.

ACM REMEDIATION AND DEMOTITION

As we are fully aware of and have extensive experience with the mitigation of asbestos containingmaterials and the demolition of structures containing such, we would prefer to take on theresponsibility of the abatement and demolition as such would enable not only a more timely process ofconstruction but we would not have to rely upon the Township for any items as our insurers wouldrequire as well as having single source responsibility for our bonding and related matters as may benecessary for construction.

PROPOSED RESIDENTIAL DEVELOPMENTMAPLEWOOD . NEW JERSEY

RAILROAD

-o--9_GROUND FLOOR PLANSCALE : NTS

Architecturaarchhectura Inc,, 935 Flwr Road, suita I oo, Edgewater, Ne JeEey Tet, 201 .a86,.t 400 Fd 20 i .aa6.1459

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PROPOSED RESIDENTIAL DEVELOPMENTMAPLEWOOD o NEW JERSEY

ryPICAL RESIDENTIAL FLOOR PLAN

SCHEMATIC SECTION - 1

TOIAL PAFKING PFO\4OEO __. 53SPACES

I FsrD€Nra Gnoss ANEA - s,437SF. I

ArchitecturaArchitectura lnc., 935 njver Road, Suite 1Oo, Edgewater, New Jersey Tet. 2o1.aA6.14OO Fax 201.9a6.14s9

BUILDING SU MMARY:

] BEDFOOM IJNIT

2 BEOFOOM UNITAVE. AREA - 1,202 SF.

TOTAL UNITS -- 32

l BEOROOM ----- 24 t 1.a = 43.2 SPACES2BEDFOOM-- 6 X 2.O = 16 SPACeS

59.2SPACFS

TOTAL BESIOEMIIAL PAFKING FrcU]FEO - 60 SPACES

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