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Incremental Small Real Estate Development Stress Test <br />Development For the City of South Bend, Indiana <br />Alliance November 30, 2017 <br />.Task 1: Initial Research + Site Visit <br />Investigators will understand current, regulatory environment and design stress test exercise. <br />• .Kickoff Conference Call <br />o Determine Agenda and parties to be involved for Onsite Visit <br />o Obtain existing codes, zoning maps and recent text amendments, discuss zones that <br />will likely be tested <br />o Set meeting schedule for project and discuss each task element <br />o Follow -Up Call with GIS Staff to prep sample drawings <br />o Review building types to be tested and fully preview process steps for Stress Test <br />exercise. Review of sample documents from previous tests to discuss how similar <br />documents will be created by South Bend GIS staff. <br />• Off -Site Review of Codes <br />o Cursory review of existing city wide codes: zoning, parking, landscape, stormwater <br />and parcel subdivision to understand any areas where different segments of the <br />codes may interact with each other <br />o Detailed review of existing or draft code proposed for target area <br />• Off Site Spot Testing - Understanding Parameters of Existing Conditions <br />o Conduct off -site scenario testing to detail potential project situations on key parcels. <br />The goal is to simulate small developers looking at planning goals and existing code <br />language to see what kinds of development projects make sense at a small scale. <br />Includes exploring examples for infill of vacant sites, carving sites out of large lots or <br />parking areas, sub -dividing parcels, and additions to sites that are under-utilized. <br />o Outputs: Spot Exercise sketches and notes, delivered by PDF binder. <br />• Stress Test Exercise Design <br />o Conference Call Meeting with City to share results of spot testing <br />o Create matrix of lot types, building types, incremental strategies and zones to be <br />tested <br />a Decide which types of lots and buildings will be ultimately tested (put in a priority <br />order to accomplish by teams during exercise) and make alterations to financial pro <br />forma spreadsheet to accommodate local variables. <br />o Phone call with a focus group of private sector real estate agents, developers and <br />builders to verify costs and revenue assumptions to be used by pro forma for <br />different sizes of buildings. <br />