![]() Kabuto Japanese Steak & Sushi Bar posts "Coming So.Mayor & Council to hold meeting in Twinbrook on Tu.Federal Realty plan would deliver new White Flint.The final decision is expected to be voted on in April. A public hearing will be held on the matter on Monday night, February 26, 2018, and the Mayor and Council will discuss the matter further at their March 19 meeting. There was some back-and-forth on that debate, but Newton reminded her colleagues that they were not intended to make a final decision Monday night. Newton also noted that Fireside is receiving an offset of application fees for renters, from the city.įeinberg asked city staff to prepare a number of loan options the Mayor and Council can study, in addition to the recommended grant proposal. She remained skeptical of RHE's ability to meet the payment demands of the new loan, with 3 fire-damaged buildings out of commission for at least a year. Mayor Bridget Donnell Newton suggested RHE had failed to reach one goal, of replacing washing machines as expected. The city's affordable housing-preservation goals and plan were met, and the city will get its money back, he added. Councilmember Mark Pierzchala said he was fine with the money being a grant, and praised the Fireside strategy the city bought into in 2012 coming to fruition as planned. "It's been a success, and I look forward to it continuing to be a success," Pierzchala said. Feinberg suggested making that a loan, instead of a grant. RHE is asking the city for a $500,000 grant as part of the refinancing plan. Councilmember Beryl Feinberg suggested revamping "underutilized" basement apartments on the property into studio units, which she said would generate both additional revenue and more workforce housing for the city. Those new common areas will require deleting one unit. Upgrades planned include HVAC, water system, masonry, laundry, full kitchen and bath replacement, and a new community room and fitness center. ![]() ![]() RHE officials assured the city the property will be desirable enough at the prices proposed. There is some question as to whether Fireside will indeed be able to get the proposed rents for the modernized market-rate units in the now more-competitive rental market near Metro. That was a cause for concern for some city leaders. Residents of the destroyed units have been placed into what were vacant market-rate units on the property.īefore the fire, those market rate units had a 15% vacancy rate, much higher than the city average of 5.7%. Despite wood construction leading to more-costly damage in the blaze, RHE said adding concrete or steel would be cost-prohibitive. RHE Executive Director Jessica Anderson told the Mayor and Council that the organization's insurance adjuster had not yet provided specific numbers, however. Recent fire damage will be repaired by the end of 2018, RHE believes. But RHE contends that modernization will allow them to raise rents, and therefore be able to meet the payment schedule at the higher rate. The interest rate on the proposed new financing would rise from the current 3.5% to 4.05%. Loans contributed by the City of Rockville (from its Housing Opportunities Fund), Montgomery County, and a loan from Citibank, are all scheduled to mature in 2019. The organization made a presentation to the Mayor and Council at their Monday night worksession. Rockville Housing Enterprises plans to move forward with a refinancing plan that would facilitate modernization of the Fireside Park apartment complex at 735 Monroe Street. The Village of Nyack has officially joined the Empire State Purchasing Group, one of Bidnet Direct’s regional e-procurement solutions, providing vendors throughout New York easy online access to its upcoming solicitations.UPDATE - February 15, 2018, 5:40 AM: The article has been updated to reflect that Fireside Park is not being compensated for its refuse pickup services by the city. Village of Nyack joins the Empire State Purchasing Group The MITN Purchasing Group has announced that the Kent County Road Commission will be utilizing the system to publish and track their bid opportunities. Kent County Road Commission bid opportunities on the MITN Purchasing Group As the end of the fiscal year approaches for many agencies, there’s a surge in government spending to utilize the remaining budget, leading to a plethora of opportunities for suppliers. The holiday season is a bustling time for businesses across various industries, and government entities are no exception. Holiday Opportunities Through Holiday Spending on Bids and Contracts For companies providing advertising, branding, and promotional items, finding the right bids is essential for growth and success. Unlocking Opportunities in Government Advertising on Bidnet DirectĪdvertising and branding are pivotal for businesses aiming to make a lasting impression in the market.
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