HomeMy WebLinkAboutAgenda - Housing Trust Fund Committee - 09/22/2022South Burlington Housing Trust Fund
Room #310 at 180 Market St
South Burlington, VT 05403
AGENDA
Participation Options
In Person: Room #310 – 3rd Floor – 180 Market St
Assistive Listening Service Devices Available upon request
Virtual: https://meet.goto.com/SouthBurlingtonVT/housing-trust-fund09-22-2022
You can also dial in using your phone. +1 (224) 501-3412
Access Code: 932-821-869
Thursday, September 22, 2022 4:30 PM
1.Welcome, agenda review and approval
2.Public comments on items not on the agenda
3.City Manager’s Update
4.Review of Council discussion on ARPA Funding and allocation of Trust Fund
dollars
5.*** Review and possibly approve requests to use Housing Trust Funds
6.Future Meetings
7.Adjourn
***Attachments included
7 Aspen Drive, Suite 1 | South Burlington, VT 05403 | www.SummitPMG.com
Summit at O’Brien Farm
Housing Trust Fund Request
September 15, 2022
Introduction
On behalf of Summit Properties, through its development arm Green Mountain Development Group,
Inc. and its affiliated non-profit Ascend Housing Allies, Inc. (collectively “Applicant” or “Summit”), this
application is for the development of the Summit at O’Brien Farm Apartments (the “Apartments”), a 94-
apartment family rental housing development to be located at lots 10 and 11 of the Hillside at O’Brien
Farm community in South Burlington. The Apartments will represent one of the highest impact mixed-
income housing communities ever constructed in the City in one phase. With 71 affordable apartments,
20 of which will provide services for the homeless and at-risk, in highly efficient, electric-heated and
cooled buildings, the Apartments represent a transformational opportunity to meet all of City’s highest
housing priorities.
Applicant is requesting $150,000 of South Burlington Housing Trust Fund resources, which will be the
final financing piece that will enable this development to move forward. The need for these funds arises
out of a convergence of unprecedented demand for affordable housing, combined with one of the most
volatile labor and materials markets in recent memory. Of the approximately $29,000,000 necessary to
develop this community, Applicant has secured a total of $28,500,000 of financing through awards from
the Vermont Housing Finance Agency, Vermont Housing & Conservation Board, and the Agency of
Commerce and Community Development. Despite this historic level of affordable housing funding
secured for this project, recent rising construction costs and interest rates have left a financing gap, and
this project cannot move forward without this final $150,000 Housing Trust Fund award from the City of
South Burlington.
Project Overview
The Apartments will provide high-quality, affordable residential rental housing with a unique mix of
services and amenities. The Apartments will integrate a mix of market-rate apartments targeted at
South Burlington’s middle-income residents, affordable apartments targeted at low-income families
earning less than 60% of Area Median Income (AMI), very low-income families earning less than 30% of
AMI, and apartments providing service-enriched housing for the homeless and at-risk of homelessness
through a collaboration with the Committee on Temporary Shelter Serving Vermont (“COTS”). This
7 Aspen Drive, Suite 1 | South Burlington, VT 05403 | www.SummitPMG.com
mixed-income approach was targeted to directly address the greatest housing needs of the City of South
Burlington and Chittenden County as a whole.
Summit will develop this project as the general partners in conjunction with National Equity Fund as the
tax credit investor and limited partner. The total development cost will be approximately $29,000,000,
as set forth in greater detail on the enclosed development pro forma. With total development expenses
less than $310,000 per unit, this project represents an exceptionally efficient use of resources. On a
statewide level, this is 15-20% more efficient than other current affordable new construction projects.
In addition to utilizing significant permanent debt, a Housing Trust Fund award from the City will
represent just over $2,000 per affordable unit, an efficiency created because the Apartments will
leverage approximately:
• $14,500,000 of Low-Income Housing Tax Credit equity (awarded by VHFA)
• $4,850,000 in State ARPA funding (awarded by VHCB)
• $1,000,000 CDBG Grant (awarded by ACCD)
• $460,000 in Vermont State Tax Credit equity (awarded by VHFA)
• $400,000 in Vermont Housing Investment Fund resources (awarded by VHFA)
• $250,000 in energy efficiency incentives (through Efficiency Vermont)
• $300,000 local ARPA (awarded by the City of South Burlington)
• $500,000 deferred development fee (contributed by Applicant)
The Apartments will consist of 94 units of general occupancy housing in two buildings. The Apartments
will serve a mixed-income population with 16 studio apartments, 54 1-bedroom apartments and 24 2-
bedroom apartments. Of the 94 units, 23 will be market rate and 71 will be affordable to low-income
families and individuals earning less than 60% of AMI. Of the 71 affordable apartments, 20 will have
project-based vouchers awarded by the Burlington Housing Authority and will support homeless and at-
risk families, with service-enriched housing services provided by COTS.
The Apartments anticipate beginning construction in the fall of 2022 and be completed by spring 2024.
The Apartments will provide many amenities, including underground parking, a fitness center, outdoor
community space including patio and deck, available storage lockers, laundry, and on-site management
office. The Apartments include common areas and residential units that support people with disabilities,
including physical accessibility and Universal Design features. Every unit in the project will be adaptable
and visitable, as defined by the Vermont Housing Finance Agency’s Universal Design standards.
Proposed Development Timeline
Applicant proposes to develop the Project on the following timeline:
September 2022: Award of Local ARPA Funds and Housing Trust Fund
October 2022: Disbursement of Local ARPA and HTF Funds and Construction Start
April 2024: Construction Completion
July 2024: 100% Occupancy
7 Aspen Drive, Suite 1 | South Burlington, VT 05403 | www.SummitPMG.com
Financial Request and Draft Grant Agreement
Applicant requests a Housing Trust Fund Award in the amount of $150,000.
Applicant requests that the HTF Grant Agreement mirror the terms of the Community Development
Block Grant (CDBG) that this Project and the City have already been awarded. The funds would be
awarded to the Project’s non-profit affiliate, Ascend Housing, and then loaned to a to-be-formed limited
partnership through a loan with a term of 15 years at 0% interest. This structure enables the grant to be
combined with Low Income Housing Tax Credits.
Applicant is currently working with the Agency of Commerce and Community Development on the terms
of the CDBG award for this Project, and Applicant proposes that the award of these funds mirror the
CDBG terms. Applicant requests the opportunity to work with the City and Applicant’s auditors to
finalize grant terms that allow for a timely disbursement of resources in a manner compatible with the
requirements of the Low-Income Housing Tax Credit financing for the Apartments.
Reporting and Financial Draw Down Schedule
Applicant requests that the $150,000 HTF award be drawn down for the payment of acquisition and pre-
development expenses and be disbursed at closing in October 2023.
Given the overlap of this award with the CDBG, Low-Income Housing Tax Credits, and State ARPA
awards, Applicant proposes that the City’s reporting terms mirror those of the State ARPA reporting
requirements. These requirements are currently being worked out with VHCB, and applicant requests
an opportunity to provide reporting documentation to the City that matches the reporting terms
proposed by VHCB.
Inclusionary Zoning Requirements
This Project will provide 71 affordable apartments within the Hillside at O’Brien Farm community. As set
forth in the Final Plat Findings of Fact and Decision #SD-21-25, the minimum inclusionary requirement
for each of the buildings on Lots 10 and 11 is 7. In addition, the minimum Inclusionary Zoning
requirement for the entire Hillside at O’Brien Farm phase is 49 units, which may be adjusted by no more
than 5%. See Findings of Fact and Decision #SD-21-25 at Pages 5-6.
With 71 affordable units, targeted at or below 60% of Area Median Income, 20 of which will be set aside
for the Homeless and At-Risk, this Project will not only exceed the minimum Inclusionary Requirement
for these two buildings, but will exceed the overall Inclusionary Requirement for the entire Hillside at
O’Brien Farm PUD by 21 units and will target significantly lower-income families than required.
7 Aspen Drive, Suite 1 | South Burlington, VT 05403 | www.SummitPMG.com
Energy Efficiency
The Project will meet Efficiency Vermont’s High-Performance Track for multifamily development (see
attached appendix). The Project will include 100% electric heating and cooling, utilizing energy efficient
mini-split units with full-building Heat Recovery Ventilation. All appliances will be Energy-Star rated.
The thermal shell will include air leakage below .1 cfm50/ft2. Applicant will perform air leakage testing
to ensure these standards are met, in accordance with Efficiency Vermont’s High-Performance Track
requirements. For comparison, Applicant’s last two mixed-income communities in Winooski achieved
air leakage below .07, which approach Passive House air leakage standards. Applicant will use the same
construction specifications on the Apartments and expects to achieve the same or better air leakage
results. This commitment to energy-efficiency will result in buildings that are net-zero ready.
Readiness and Track Record
Summit Properties is one of the State’s most respected affordable housing developers and managers.
Enclosed are the development team resumes for Summits key employees and owners, as well as an
overview of Summit’s extensive affordable housing portfolio. In fact, VHFA recently chose Summit and
this exemplary project as the site for a press announcement on the federal funding of a state-wide
housing fund that was attended by members of Vermont’s Congressional delegation.
With the exception of a small financing gap created by recent cost and interest rate increases, this
Project has overcome every major financing and permitting hurdle and will be ready to proceed with
construction this fall. Applicant has received Final Plat approval from the City of South Burlington and
has applied for its zoning permit. Applicant has received all major permits and is on the precipice of
breaking ground as soon as the final financing pieces are in place.
Commitment to Equity, Diversity, and Inclusion
Summit Properties recognizes the role that housing policy and practices have historically played in racial
inequality and is committed to doing what we can to reverse that inequity. Summit has demonstrated a
commitment to increasing diversity and opportunity within our communities and our workplace.
At the organizational level, Summit has worked for over a year with a consultant focused on helping
organizations center marginalized voices to achieve equity, justice, and an inclusive community. Our
work has been transformative and is ongoing. This work has included both company-wide trainings and
ongoing consultation to continue to improve our impact. In addition, all staff are required to take Fair
Housing trainings, which focus on identifying and avoiding biases in apartment leasing and
management.
At the community level, Summit intentionally markets all properties and apartment openings to reach
diverse populations. Summit uses imagery representing diverse tenants in all of our property
advertising. Summit recently attracted and helped support a New American- and Women-owned
commercial tenant in starting a restaurant business in Winooski, which is located in Summit’s most
recently developed mixed-income community. At the same community, Summit engaged a minority-
7 Aspen Drive, Suite 1 | South Burlington, VT 05403 | www.SummitPMG.com
owned muralist to lead a community mural project resulting in a BIPOC-focused permanent mural on a
prominent exterior wall.
For the lease-up of Summit at O’Brien Farm, Summit will work with partners at the Burlington Housing
Authority (“BHA”), Vermont Housing Finance Agency (“VHFA”), Vermont Housing & Conservation Board
(“VHCB”), Champlain Valley Office of Economic Opportunity (“CVOEO”), Committee on Temporary
Shelter (“COTS”), Chittenden County Homeless Alliance (“CCHA”), US Committee for Refugees and
Immigrants Vermont (fka the Vermont Refugee Resettlement Program) and other local organizations
representing populations that are least likely to apply. We currently rent to a higher percentage of
BIPOC residents than are represented in the regional population as a whole and expect to do the same
at Summit at O’Brien Farm.
We also recognize that these steps alone are not enough and are always striving to increase our equity
impact. We would like to work with the City of South Burlington to accomplish our mutual goals of
redressing the history of housing inequality and will continue to grow the work we are doing to improve
organizationally.
------------------------------
LIHTC
TOTAL UNITS COST PER ELIGIBLE
NUMBER OF UNITS 47 82.98%
USES OF FUNDS
Land
Land 674,000 14,340
Purchase of Buildings(s)188,000 4,000 82,979
Transfer Tax 12,132 258 0
874,132 18,599 82,979
Development
Architect and MEP 90,000 1,915 74,681
Structural Engineer 30,000 638 24,894
Soils Engineer 20,000 426 16,596
Civil Engineer -80,000 1,702 66,383
Legal 80,000 1,702 66,383
Administration 0 0 0
Accounting 4,000 85 3,319
Development Fee 1,650,000 35,106 1,369,149
Other Professionals (Soils / Borings )0 0 0
Other Professionals (Other Consultants)10,000 213 8,298
Other Professionals (Environmental)2,500 53 2,074
Other Professionals (Permitting)0 0 0
Other Development Costs (Appraisals)4,500 96 3,734
Other Development Costs (Supplies / Office)2,500 53 2,074
Other Development Costs (Title / Recording)3,750 80 3,112
Subtotal 1,977,250 42,069 1,640,697
General
Title Insurance 25,000 532 20,745
Construction Insurance 48,000 1,021 39,830
Tax Credit Fees 37,500 798 0
Property Taxes 20,000 426 16,596
Bldg Permit & Impact Fees 150,000 3,191 124,468
Subtotal 280,500 5,968 201,638
Construction
Building Construction (stipulated sum)10,700,000 227,660 8,787,447
SUMMIT PROPERTIES - HILLSIDE AT O'BRIEN FARM -- Lot 10 (4% Tax Credits)
DEVELOPMENT SOURCES AND USES
22-Jul-22
FF&E 80,000 1,702 66,383
Const Contingency (see below under contingency)
Subtotal 10,780,000 229,362 8,853,830
Financing
Loan Points/Fees 50,000 1,064 24,894
Lender Costs 50,000 1,064 41,489
Construction Interest Through PIS 344,256 7,325 285,659
Subtotal 444,256 9,452 352,042
NUMBER OF UNITS 47
Marketing
Lease-up fees 40,000 851 0
Advertising 10,000 213 0
Marketing Materials 4,000 85 0
Subtotal 54,000 1,149 0
Contingency (Dev / Soft Costs / Construction)200,000 4,255 165,957
TOTAL CONSTRUCTION COSTS 14,610,138 310,854 11,297,143
Working Capital / Lease up Reserve 10,000 213 0
Replacement Reserve 28,200 600 0
Operating Reserve 148,597 3,162 0
TOTAL DEVELOPMENT COSTS 14,796,935 314,828 11,297,143
Total Dev Costs W/out Cash Acct and Reserves 14,610,138 310,854
PERMANENT SOURCES
Tax Credit Equity 5,453,493
Deferred Developer Fee 356,542
1st Permanent Loan 3,200,000
Rebates (Energy Programs)126,900
CDBG 0
Vermont State Tax Credits 460,000
Gap Source #1: ARPA AFR 4,150,000
Gap Source #2: VHFA 400,000
Gap Source #3: Local ARPA and Local HTF 650,000
----------
TOTAL PERMANENT SOURCES OF FUNDS 14,796,935
---------------------------
NUMBER OF UNITS 47 68.09%
---------------------------
USES OF FUNDS
Land
Land 688,000 14,638 0
Purchase of Buildings(s)188,000 4,000 68,085
Transfer Tax 12,384 263 0
888,384 18,902 68,085
Development
Architect and MEP 90,000 1,915 61,277
Structural Engineer 30,000 638 20,426
Soils Engineer 20,000 426 13,617
Civil Engineer -80,000 1,702 54,468
Legal 80,000 1,702 54,468
Administration 0 0 0
Accounting 8,000 170 5,447
Development Fee 1,200,000 25,532 817,021
Other Professionals (Soils / Borings )0 0 0
Other Professionals (Other Consultants)10,000 213 6,809
Other Professionals (Environmental)2,500 53 1,702
Other Professionals (Permitting)0 0 0
Other Development Costs (Appraisals)4,500 96 3,064
Other Development Costs (Supplies / Office)5,000 106 3,404
Other Development Costs (Title / Recording)3,750 80 2,553
---------------------
Subtotal 1,533,750 32,633 1,044,255
General
Title Insurance 25,000 532 17,021
Construction Insurance 48,000 1,021 32,681
Tax Credit Fees 37,500 798 0
Property Taxes 25,000 532 17,021
Bldg Permit & Impact Fees 150,000 3,191 102,128
---------------------
Subtotal 285,500 6,074 168,851
Construction
Building Construction 10,700,000 227,660 7,162,553
FF&E 80,000 1,702 54,468
Const Contingency (see below under contingency)
---------------------
Subtotal 10,780,000 229,362 7,217,021
Financing
Loan Points/Fees 50,000 1,064 34,043
Lender Costs 20,000 426 13,617
Construction Interest Through PIS 328,829 6,996 223,884
---------------------
Subtotal 398,829 8,486 271,543
---------------------
SUMMIT PROPERTIES - HILLSIDE AT O'BRIEN FARM -- Lot 11 (9% Tax Credits)
DEVELOPMENT SOURCES AND USES
22-Jul-22
NUMBER OF UNITS 47
---------------------
Marketing
Lease-up fees 40,000 851 0
Advertising 10,000 213 0
Marketing Materials 4,000 85 0
---------------------
Subtotal 54,000 1,149 0
Contingency (Dev / Soft Costs / Construction)200,000 4,255 136,170
---------------------
TOTAL CONSTRUCTION COSTS 14,140,463 300,861 8,905,926
Working Capital / Lease up Reserve 10,000 213 0
Replacement Reserve 28,200 600 0
Operating Reserve 149,848 3,188 0
---------------------
TOTAL DEVELOPMENT COSTS 14,328,511 304,862 8,905,926
Total Dev Costs W/out Cash Acct and Reserves 14,140,463 300,861
PERMANENT SOURCES
Tax Credit Equity 8,982,902 63%
Deferred Developer Fee 235,609 2%20%deferred
1st Permanent Loan 3,270,000 23%
Rebates (Energy Programs)140,000 1%
Local ARPA + HTF 0 0%
South Burlington HTF 0 0%
Gap Source #1: ARPA AFR 700,000 5%
Gap Source #2: SUPPLEMENTAL ARPA 0 0%
Gap Source #3: CDBG / Other Gap 1,000,000 7%
0
0
0 ----------
TOTAL PERMANENT SOURCES OF FUNDS 14,328,511
0
Summit at O’Brien Farm ● Summit Properties
SITE LOCATION MAPS
The Project is located on Lots 10 and 11 at the Hillside at O’Brien Farm community in South Burlington,
Vermont.
Attached is a site location map showing the location of the Project less than 1.5 miles from the New Town
Center of South Burlington. Also enclosed are maps showing the proximity to just a few of many services
close to the site, including the following:
UVM Medical Center Family Medicine = 0.9 Miles
Burlington International Airport = 1.4 Miles
Pharmacies (multiple)
Banks (multiple)
Gas Stations (multiple)
Restaurants (multiple)
Grocery Stores (multiple)
Summit at O’Brien Farm
Lots 10 & 11 at Hillside at O’Brien Farm
Summit at O’Brien Farm
Location Relative to New Town Center and Neighborhood
Summit at O’Brien Farm
Project Location within greater O’Brien Farm Community
Summit at O’Brien Farm
Location within South Burlington Transit Overlay District
Summit at O’Brien Farm
Proximity to UVM Medical Center Family Medicine – 0.9 miles
Summit at O’Brien Farm
Proximity to Burlington International Airport (BTV) – 1.4 miles (will be less with future permitted curb cut)
Summit at O’Brien Farm
Proximity to Pharmacies
Summit at O’Brien Farm
Proximity to Banks
Summit at O’Brien Farm
Proximity to Gas Stations
Summit at O’Brien Farm
Proximity to Restaurants
Summit at O’Brien Farm
Proximity to Grocery Stores
Summit at O’Brien Farm ● Summit Properties
TAB A12
COLOR PHOTGRAPHS
Overall Framework: Conceptual Full Build-Out
120-140
Residential For
Sale Homes
300-330
Residential
Dwelling Units,
Mixed-Use,
Services, Senior
Housing
Range of
Industrial Uses
Limited by Lot
Coverage of 70%
Phase I Existing
Master Plan
9
. ,. -..... . -----------. ,-:·
:: ►• •"
-
Final Plat December 2021
Lot 10 and Lot 11 Final Plat
December 2021
Lot 12 and Lot 14
Preliminary Plat
March 2020
Lot 13 and Lot 15 Final Plat
December 2021
Eastview Preliminary Plat
Issued 8/31/21
9
Lot 11Lot 14
Final Plat December 2021
Final Plat December 2021 Submission
19
Final Plat December 2021 Submission
20
Photo 1: Site Photo Facing Northwest looking at location of future Two Brothers Drive intersection with
Kennedy Drive (at white truck).
Photo 2: Photo from Lot 11 looking south at Lot 10
Photo 3: Facing north from Lot 11
Photo 4: Facing East in between Lots 10 and 11
FIRST FLOOR375' -3"FIRST FLOOR TP384' -4 1/8"SECOND FLOOR386' -5 1/4"SECOND FLOOR TP395' -6 3/8"THIRD FLOOR397' -7 1/2"THIRD FLOOR TP406' -8 5/8"FOURTH FLOOR408' -9 3/4"FOURTH FLOOR TP417' -10 7/8"T.O. ROOF CURB421' -11 1/2"T.O. ROOF PARAPET424' -11 1/2"T.O. ROOF DECK @ EDGE420' -7 1/2"1' - 4"2' - 8 5/8"9' - 1 1/8"2' - 1 1/8"9' - 1 1/8"2' - 1 1/8"9' - 1 1/8"2' - 1 1/8"9' - 1 1/8"4' - 4"6" HORIZONTALFIBER CEMENTSIDING (PAINT HALE NAVY)FIBER CEMENT PANELS(PAINT IRON MOUNTAIN)6" CORNERBOARDS(PAINT SAME AS SIDING)FIBER CEMENT PANELS (PAINT SILVERPLATE)6" HORIZONTAL FIBER CEMENTSIDING (PAINT RIVERWAY)6" HORIZONTAL FIBERCEMENT SIDING (PAINT HALE NAVY)6" SIMULATED WOOD SIDINGFIBER CEMENT PANELS(PAINT IRON MOUNTAIN)WINDOWS W/ BLACK FRAMETRIM TO MATCH SIDINGBLACK METAL STANDING SEAMFIRST FLOOR375' -3"FIRST FLOOR TP384' -4 1/8"SECOND FLOOR386' -5 1/4"SECOND FLOOR TP395' -6 3/8"LOWER LEVEL363' -9"TOP OF FOUNDATION374' -7 7/8"THIRD FLOOR397' -7 1/2"THIRD FLOOR TP406' -8 5/8"FOURTH FLOOR408' -9 3/4"FOURTH FLOOR TP417' -10 7/8"T.O. ROOF CURB421' -11 1/2"T.O. ROOF PARAPET424' -11 1/2"T.O. ROOF DECK @ EDGE420' -7 1/2"6" HORIZONTAL FIBERCEMENT SIDING (PAINT NAVY)FIBER CEMENT PANELS (PAINT SILVERPLATE)6" CORNERBOARDS(PAINT SAME AS SIDING)FIBER CEMENT PANELS (PAINT IRON MOUNTAIN)STOREFRONT GLASS (BLACK)6" HORIZONTAL FIBER CEMENTSIDING (PAINT IRON MOUNTAIN)AVERAGE GRADE366' -6"55' - 5 1/2"9' - 1 1/8"9' - 1 1/8"9' - 1 1/8"9' - 1 1/8"2' - 1 1/8"2' - 1 1/8"2' - 1 1/8"FIBER CEMENT PANELS (PAINT SILVERPLATE)FIBER CEMENT PANELS (PAINT IRON MOUNTAIN)6" SIMULATED WOOD SIDINGWINDOWS W/ BLACK FRAMETRIM TO MATCH SIDINGBLACK METAL STANDING SEAMALL BRACKETS IN BLACKSCALE:DATE:DRAWN BY:CHECKED BY:PROJECT:SHEET TITLE:THIS DRAWING IS THE PROPERTY OF G4 DESIGN STUDIOS, LLC AND IS NOT TO BE COPIED, REPRODUCED, OR THE CONTENT THEREOF USED, IN WHOLE OR IN PART, WITHOUT THE PRIOR WRITTEN CONSENT OF STEVE GUILDFOR REVIEW ONLY NOT FOR CONSTRUCTION1/8" = 1'-0"12/14/2021 1:25:52 PMA-3.1EXTERIORELEVATIONSSUMMIT PROPERTIESLOT 10 -SUMMITG4G412/9/21SUMMITSOUTH BURLINGTON, VERMONT1/8" = 1'-0"2SOUTH-EAST ELEVATION1/8" = 1'-0"1NORTH-WEST ELEVATION
FIRST FLOOR375' -3"FIRST FLOOR TP384' -4 1/8"SECOND FLOOR386' -5 1/4"SECOND FLOOR TP395' -6 3/8"LOWER LEVEL363' -9"TOP OF FOUNDATION374' -7 7/8"THIRD FLOOR397' -7 1/2"THIRD FLOOR TP406' -8 5/8"FOURTH FLOOR408' -9 3/4"FOURTH FLOOR TP417' -10 7/8"T.O. ROOF CURB421' -11 1/2"T.O. ROOF PARAPET424' -11 1/2"T.O. ROOF DECK @ EDGE420' -7 1/2"1' - 4"2' - 8 5/8"9' - 1 1/8"2' - 1 1/8"9' - 1 1/8"2' - 1 1/8"9' - 1 1/8"2' - 1 1/8"9' - 1 1/8"7 1/8"10' - 10 7/8"11' - 6"4' - 4"FIBER CEMENT PANELS (PAINT IRON MOUNTAIN)FIBER CEMENT PANELS (PAINT IRON MOUNTAIN)AVERAGE GRADE366' -6"FIBER CEMENT PANELS (PAINT SILVERPLATE)FIBER CEMENT PANELS (PAINT IRON MOUNTAIN)FIRST FLOOR375' -3"FIRST FLOOR TP384' -4 1/8"SECOND FLOOR386' -5 1/4"SECOND FLOOR TP395' -6 3/8"LOWER LEVEL363' -9"TOP OF FOUNDATION374' -7 7/8"THIRD FLOOR397' -7 1/2"THIRD FLOOR TP406' -8 5/8"FOURTH FLOOR408' -9 3/4"FOURTH FLOOR TP417' -10 7/8"T.O. ROOF CURB421' -11 1/2"T.O. ROOF PARAPET424' -11 1/2"T.O. ROOF DECK @ EDGE420' -7 1/2"FIBER CEMENT PANELS (PAINT SILVERPLATE)6" HORIZONTALFIBER CEMENTSIDING (PAINT HALE NAVY)6" CORNERBOARDS(PAINT SAME AS SIDING)6" CORNERBOARDS(PAINT SAME AS SIDING)AVERAGE GRADE366' -6"6" HORIZONTALFIBER CEMENTSIDING (PAINT IRON MOUNTAIN)6" SIMULATED WOOD SIDINGSCALE:DATE:DRAWN BY:CHECKED BY:PROJECT:SHEET TITLE:THIS DRAWING IS THE PROPERTY OF G4 DESIGN STUDIOS, LLC AND IS NOT TO BE COPIED, REPRODUCED, OR THE CONTENT THEREOF USED, IN WHOLE OR IN PART, WITHOUT THE PRIOR WRITTEN CONSENT OF STEVE GUILDFOR REVIEW ONLY NOT FOR CONSTRUCTION1/8" = 1'-0"12/14/2021 1:27:08 PMA-3.2EXTERIORELEVATIONSSUMMIT PROPERTIESLOT 10 -SUMMITG4BH12/9/21SUMMITSOUTH BURLINGTON, VERMONT1/8" = 1'-0"1NORTH-EAST ELEVATION1/8" = 1'-0"2SOUTH-WEST ELEVATION
FIRST FLOOR375' -3"FIRST FLOOR TP384' -4 1/8"SECOND FLOOR386' -5 1/4"SECOND FLOOR TP395' -6 3/8"THIRD FLOOR397' -7 1/2"THIRD FLOOR TP406' -8 5/8"FOURTH FLOOR408' -9 3/4"FOURTH FLOOR TP417' -10 7/8"T.O. ROOF CURB421' -11 1/2"T.O. ROOF PARAPET424' -11 1/2"T.O. ROOF DECK @ EDGE420' -7 1/2"1' - 4"2' - 8 5/8"9' - 1 1/8"2' - 1 1/8"9' - 1 1/8"2' - 1 1/8"9' - 1 1/8"2' - 1 1/8"9' - 1 1/8"4' - 4"6" HORIZONTALFIBER CEMENTSIDING (PAINT HALE NAVY)FIBER CEMENT PANELS(PAINT IRON MOUNTAIN)6" CORNERBOARDS(PAINT SAME AS SIDING)FIBER CEMENT PANELS (PAINT SILVERPLATE)6" HORIZONTAL FIBER CEMENTSIDING (PAINT RIVERWAY)6" HORIZONTAL FIBERCEMENT SIDING (PAINT HALE NAVY)6" SIMULATED WOOD SIDINGFIBER CEMENT PANELS(PAINT IRON MOUNTAIN)WINDOWS W/ BLACK FRAMETRIM TO MATCH SIDINGBLACK METAL STANDING SEAMFIRST FLOOR375' -3"FIRST FLOOR TP384' -4 1/8"SECOND FLOOR386' -5 1/4"SECOND FLOOR TP395' -6 3/8"LOWER LEVEL363' -9"TOP OF FOUNDATION374' -7 7/8"THIRD FLOOR397' -7 1/2"THIRD FLOOR TP406' -8 5/8"FOURTH FLOOR408' -9 3/4"FOURTH FLOOR TP417' -10 7/8"T.O. ROOF CURB421' -11 1/2"T.O. ROOF PARAPET424' -11 1/2"T.O. ROOF DECK @ EDGE420' -7 1/2"6" HORIZONTAL FIBERCEMENT SIDING (PAINT NAVY)FIBER CEMENT PANELS (PAINT SILVERPLATE)6" CORNERBOARDS(PAINT SAME AS SIDING)FIBER CEMENT PANELS (PAINT IRON MOUNTAIN)STOREFRONT GLASS (BLACK)6" HORIZONTAL FIBER CEMENTSIDING (PAINT IRON MOUNTAIN)AVERAGE GRADE366' -6"55' - 5 1/2"9' - 1 1/8"9' - 1 1/8"9' - 1 1/8"9' - 1 1/8"2' - 1 1/8"2' - 1 1/8"2' - 1 1/8"FIBER CEMENT PANELS (PAINT SILVERPLATE)FIBER CEMENT PANELS (PAINT IRON MOUNTAIN)6" SIMULATED WOOD SIDINGWINDOWS W/ BLACK FRAMETRIM TO MATCH SIDINGBLACK METAL STANDING SEAMALL BRACKETS IN BLACKSCALE:DATE:DRAWN BY:CHECKED BY:PROJECT:SHEET TITLE:THIS DRAWING IS THE PROPERTY OF G4 DESIGN STUDIOS, LLC AND IS NOT TO BE COPIED, REPRODUCED, OR THE CONTENT THEREOF USED, IN WHOLE OR IN PART, WITHOUT THE PRIOR WRITTEN CONSENT OF STEVE GUILDFOR REVIEW ONLY NOT FOR CONSTRUCTION1/8" = 1'-0"12/14/2021 4:18:18 PMA-3.1EXTERIORELEVATIONSSUMMIT PROPERTIESLOT 11 -SUMMITG4G412/9/21SUMMITSOUTH BURLINGTON, VERMONT1/8" = 1'-0"2SOUTH-EAST ELEVATION1/8" = 1'-0"1NORTH-WEST ELEVATION
FIRST FLOOR375' -3"FIRST FLOOR TP384' -4 1/8"SECOND FLOOR386' -5 1/4"SECOND FLOOR TP395' -6 3/8"LOWER LEVEL363' -9"TOP OF FOUNDATION374' -7 7/8"THIRD FLOOR397' -7 1/2"THIRD FLOOR TP406' -8 5/8"FOURTH FLOOR408' -9 3/4"FOURTH FLOOR TP417' -10 7/8"T.O. ROOF CURB421' -11 1/2"T.O. ROOF PARAPET424' -11 1/2"T.O. ROOF DECK @ EDGE420' -7 1/2"FIBER CEMENT PANELS (PAINT SILVERPLATE)6" HORIZONTALFIBER CEMENTSIDING (PAINT HALE NAVY)6" CORNERBOARDS(PAINT SAME AS SIDING)6" CORNERBOARDS(PAINT SAME AS SIDING)AVERAGE GRADE366' -6"6" HORIZONTALFIBER CEMENTSIDING (PAINT IRON MOUNTAIN)6" SIMULATED WOOD SIDINGFIRST FLOOR375' -3"FIRST FLOOR TP384' -4 1/8"SECOND FLOOR386' -5 1/4"SECOND FLOOR TP395' -6 3/8"LOWER LEVEL363' -9"TOP OF FOUNDATION374' -7 7/8"THIRD FLOOR397' -7 1/2"THIRD FLOOR TP406' -8 5/8"FOURTH FLOOR408' -9 3/4"FOURTH FLOOR TP417' -10 7/8"T.O. ROOF CURB421' -11 1/2"T.O. ROOF PARAPET424' -11 1/2"T.O. ROOF DECK @ EDGE420' -7 1/2"1' - 4"2' - 8 5/8"9' - 1 1/8"2' - 1 1/8"9' - 1 1/8"2' - 1 1/8"9' - 1 1/8"2' - 1 1/8"9' - 1 1/8"7 1/8"10' - 10 7/8"11' - 6"4' - 4"FIBER CEMENT PANELS (PAINT IRON MOUNTAIN)FIBER CEMENT PANELS (PAINT IRON MOUNTAIN)AVERAGE GRADE366' -6"FIBER CEMENT PANELS (PAINT SILVERPLATE)FIBER CEMENT PANELS (PAINT IRON MOUNTAIN)SCALE:DATE:DRAWN BY:CHECKED BY:PROJECT:SHEET TITLE:THIS DRAWING IS THE PROPERTY OF G4 DESIGN STUDIOS, LLC AND IS NOT TO BE COPIED, REPRODUCED, OR THE CONTENT THEREOF USED, IN WHOLE OR IN PART, WITHOUT THE PRIOR WRITTEN CONSENT OF STEVE GUILDFOR REVIEW ONLY NOT FOR CONSTRUCTION1/8" = 1'-0"12/14/2021 4:19:12 PMA-3.2EXTERIORELEVATIONSSUMMIT PROPERTIESLOT 11 -SUMMITG4BH12/9/21SUMMITSOUTH BURLINGTON, VERMONT1/8" = 1'-0"1SOUTH-WEST ELEVATION1/8" = 1'-0"2NORTH-EAST ELEVATION