Frisco’s first attainable housing project on horizon
FRISCO – Almost three months after Frisco officials interviewed the final candidates for the town’s first attainable housing project, they have yet to begin a contract negotiation – but it’s getting close.
In June, the town’s selection committee interviewed three companies – O’Bryan Partnership and Alpine Concepts; Oz Architecture and the Burgwyn Company; and the nonprofit National Development Council.
The committee recommended Oz and Burgwyn and the decision goes before the town council next month, said Community Development Director Mark Gage.
This was the town’s second go-round at finding a developer for the private-public project planned at 8th and Belford, across from Frisco Elementary School.
Last year, the town began contract negotiations with another local developer but talks stalled because the town’s original bid request outlined the project incorrectly.
Council members agreed to reject the original bid and issue a new, corrected bid request.
Frisco plans to donate the 1.03 acres of public property to a developer as a subsidy to get an affordable project within town limits.
The town purchased the land in 1998 for $350,000, said Jo-Anne Tyson, Frisco town clerk.
“(Oz Architecture and the Burgwyn Company) met the parameters of the request and clearly had the expertise,” Gage said, noting that the committee also felt the development, with its peaked roofs and front porches, fit best with the southeast Frisco neighborhood.
Town officials are working to complete a letter of agreement with the company before bringing the recommendation before council for approval. If the council approves the recommendation, officials can begin contract negotiations.
“It’s fairly complicated, so something like this is going to take a fair amount of time,” Gage said.
Once the contract is complete, it likely will take about four to six months to move from the first sketch plan to final approval by the planning commission.
The project would have a maximum of 12 units, but it may be less, Gage said. Officials still have to determine whether the project will contain single-family homes, multi-unit buildings or a mixture.
According to the bid request, the majority of units must be available to 80 percent AMI (average median income) and the developer may sell 15 percent of the units at market value.
This year’s AMI for a four-person household is $72,700.
At the earliest, developers could break ground for the project in April.
Lu Snyder can be reached at (970) 668-3998, ext. 203, or firstname.lastname@example.org
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