WHAT THE TASK FORCE COMMITTEE DID?

WHY DOES ANDOVER NEED A NEW TOWN YARD?

WHAT ARE THE COST IMPACTS OF NOT DOING ANYTHING?

WHAT ARE THE BENEFITS OF FINDING A HIGHER AND BETTER USE AT THE CURRENT IN TOWN SITE?

WHAT ARE THE PROJECTED COSTS AND BENEFITS OF BUILDING AT A NEW SITE?

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ANDOVER TOWN YARD TASK FORCE

Erected in 1965 – Temporary 10 Year Buildings.

Town Population then 20,000, Now 33,000. Close to $100,000 spent in the last two years

for repairs, emergency maintenance and time to keep the existing buildings in operation.

Recent Investigation - Major Structural Issues. Functions are in Nine Different Locations. Buildings are too Small & Obsolete – 1/3 Size. Equipment rusting being stored outside.

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Forestry Division (P&F) Highway Division (DPW) Fuel Depot and Fleet: 150 + Vehicles &

Equipment Parks & Grounds Division (P&F) Vehicle Maintenance Division (P&F) Water & Sewer Division (DPW) Building Division (P&F) Mechanical/Electrical Division (P&F)

Support of all Town and School Infrastructure:

$10+ Million Vehicle and Equipment Fleet 1.4 Million Sf. Town and School Buildings 2.75 Million Sf. of Fields 1.4 Million Sf. Lawn Areas 215 Miles of Roadways 180 Miles of Water Mains 100 Miles of Sewers

Why not rebuild at the present location?

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Site3+acresExisting Town YardTY11 Taxes = 0

Potential Sale = $2 - $3 million Residential (158 units)

237,000 sf 63 Market Ownership 16 Income Restricted 63 Market Rental 16 Income Restricted

Commercial 47,000 sf

Potential Tax Revenue from redevelopment = $ 561,194

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For Andover Taxpayers:

• Rare opportunity to actually expand downtown • Increased Tax Revenues• Redevelopment of adjoining parcels becomes advantageous• Increases the value of adjoining parcels• Development Costs are at a cyclical low now

For Andover Shoppers and Its Business Community:

• Expansion under 40R will allow Town to retain its character, upgrade its shopping opportunities and increase business and tax revenues.

Increase variety of storesExisting center is too small (1/2)Neighboring towns have expanded along our bordersProvide new housing opportunitiesProvide increased commuter parkingImprove property values throughout TownImprove our “Sense of Place”Creates new jobsImprove Traffic Conditions

• 158 Residential Units - Average selling price between $125,000 - $250,000

• Approx assessed value = $33,390,000

• Approx new tax revenue generated from residential development = $471,467

• Approx assessed value of retail/office development assuming a value of $85 per sf- 47,000 square feet x $85 = $3,927,000

• Approx new tax revenue generated from retail/office development = $89,727

• Approx new tax revenue generated = $561,194

• Existing tax revenue = $0

PRIOR ASSESSMENT BY TASK FORCE

NEW REQUEST FOR PROPOSALS for PHASE 1DEVELOPMENT OF 59,000 SF

FOUR PROPONENTS REVIEWED BY COMMITTEE

PHASE 1 SINCE VALUE ENGINEERED TO PRE-ENGINEERED CONSTRUCTION OF57,500 SF

Financial Assessment: Site•24 acres•274,400 square feet•FY2011 Taxes = $212,687

Purchase = $13.9 millionRetrofit = $10.7 million

Total Project Cost $24.6 million

Financial Assessment: Site• 16 + approximate acres• FY2010 Taxes = $33,725 (loss of tax revenue)

Land and ConstructionTotal Project Cost: $17.8 million to $18.4

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ADDITIONAL BENEFITS TO THE TOWN FOR THIS LOCATION:

PUBLIC ACCESS TO THE MERRIMACK RIVER

Conservation Land

5 Campanelli Drive

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Add HERRON slides

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NEXT STEPS:

1. REVIEW DESIGN

2. REVIEW DEVELOPMENT COSTS WITH WESTON & SAMPSON ENGINEERS

3. NEGOTIATE LAND PURCHASE

4. PRESENT TO OTHER TOWN BOARDS

5. PREPARE FOR SPRING TOWN MEETING