West Side Affordable Housing Development Update
The Missouri-based Vecino Group seeks to develop one three-story building and three four-story buildings just east of the Saratoga train station and near the Washington Street post office.
The council last August unanimously approved a resolution authorizing a payment-in-lieu of taxes agreement regarding the Intrada Saratoga Springs Affordable Housing Project. The PILOT Agreement calls for the company to make annual payments in lieu of taxes to the city. The tax exemption will begin on the date when the city issues a final certificate of occupancy and extend for 31 years. The annual payment in lieu of taxes will start at approximately $84,000 and increase each year by two percent.
The development proposal calls for the construction of 158 “affordable” multi-family rental units. For renters, the one, two and three-bedroom apartment units break down in this way: 24 will be available for persons with an AMI of 50 percent or less, 109 will be available for persons with an AMI of 60 percent or less.
A change was unanimously approved by the City Council June 19 regarding the remaining 24 units. The 24 units were initially targeted to be made available for persons with an AMI of 80 percent or less. That top-tier threshold was adjusted to 90 percent.
AMI, or the Area Median Income for a family of four in Saratoga County is approximately $84,000, according to the U.S. Department of Housing and Urban Development.
Proposed Bike Lanes on Lake Avenue
The City Council hosted a presentation June 19 regarding proposed bike lanes being added to Lake Avenue.
There are concept drawings available, however the exact location yet to be determined, although it is estimated Lake Avenue will be painted with five-foot-wide bicycle corridors on each side of the street, from Regent Street to Henning Road. The city may receive up to $50,000 via a state grand to prepare an engineering plan detailing the exact location, after which, with council approval, the striping of the lanes may begin. A vote to move forward with the proposal as well as a public hearing regarding the matter will take place July 3 at City Hall.
The 13-minute presentation on June 19 may be viewed on the city’s website at: http://saratogaspringsny.swagit.com/play/06192018-1988.
A 10-minute Public Hearing will take place 6:40 p.m. on July 3 at City Hall regarding a proposal to amend the City Code regarding “noise” on Sunday through Thursday nights. The current maximum decibel level is 90 decibels – “as measured from any point along the boundary line of the real property on which the sound pressure is generated,” according to City Code definition. Public Safety Commissioner Peter Martin, who is proposing the change, is seeking a lower threshold for Sundays through Thursday nights by instilling a maximum volume ceiling of 85 decibels. Fridays and Saturdays will remain at 90 dbs.
The following streets are scheduled to be paved according to the following schedule:
Monday/June 25 - Mill Sherwood Trail from the eastern entrance off Grand Ave to 100 feet past Friar Tuck Way; Tuesday/June 26 - Prep Work Sherwood Trail from the eastern entrance off Grand Ave to 100 feet past Friar Tuck Way; Wednesday/June 27 - Pave Sherwood Trail from the eastern entrance off Grand Ave to 100 feet past Friar Tuck Way; Thursday/June 28 - Pave Sherwood Trail from the eastern entrance off Grand Ave to 100 feet past Friar Tuck Way.
Paving will begin at 6 a.m. and should be completed by 2 p.m. There is no parking of cars on the street during these hours, and driveway access/egress will be limited with potentially lengthy delays.