HomeMy WebLinkAbout06-13-21 Public Comment - C. Brizzolara - ARPAFrom:Chris Brizzolara
To:Agenda
Subject:Fw: American Rescue Plan Act Investing Idea
Date:Sunday, June 13, 2021 1:11:00 PM
Attachments:BozemanByBozeman.6.15.2021.pdf
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Here is the attachment I would also like to share in the agenda this Tuesday, and will
be talking about an idea for the committee deciding how to spend the $22M from the
American Rescue Plan.
Thanks,
Chris Brizzolara
----- Forwarded message -----
From: Chris Brizzolara <chrisbrizzolara@ymail.com>To: agenda@bozeman.net <agenda@bozeman.net>Sent: Sunday, 13 June 2021, 07:15:25 GMT-6Subject: American Rescue Plan Act Investing Idea
Hi,
My name is Christopher Brizzolara, and I have a comment addressed to County
Commissioner Zach Brown, about an idea for the committee deciding how to spend
the $22M from the American Rescue Plan."
I will be attending in person and would like the considered for time to speak.
Thanks,
Chris
june 15th, 2021
OF
PLOT DATE:
category:
PROJECT title:
GOVERMENT
& SUBDIVISIONS
BRIZZOLARA 'S
BUILD BOZEMAN
BY BOZEMAN
2020S PLAN
bozeman,
montana,
usa
idea:
location:
vChristopher brizzolara's2021 Bozeman by Bozeman planbuy land,
develop 2
subdivisions,
and sell the
plots back to
the people
i
Bozeman by Bozeman plan
project 1/22 - cat tail lake
American rescue plan
investment proposal
Gallatin County is going to receive 22
MILLION DOLLARS from the American Rescue Plan
Act these next two years, and the city
commission will put together focus groups to
decide how to spend it.
This is a proposal for how to spend that 22
million dollars while still working in the set
perimeters by the treasury stating that the
American Rescue Plan funds are to be spent on:
• Support public health expenditures;
• Address the negative economic impacts caused
by the public health emergency;
• Replace lost public sector revenue;
• Provide premium pay for essential workers; and.
• Invest in water, sewer, & broadband infrstr.
well I, Christopher Brizzolara, came up
with my Bozeman by Bozeman proposal and it
starts with buying land through eminent
domain for the cat tail lake subdivision, hosting
an architectural design competition online for
the layout of the subdivision, and then hiring
local contractors to install infrstratacture
SO THEN the city CAN sell the lots.
this first, of 22,
projects is entitled the
cat tail lake
subdivision, and if the
city were to buy,
develop 1/2 lots, and
theN sell these 828 new
lots this would
supplying housing for
an expected 1,400-2,000+
Montanans.
then with that
income from selling,
Bozeman must establish
a revolving loan fund,
for continuing this
momentum.
if the city sold 828 lots
to only citizens of gallatin co.
it would generate a total income of
At $50,000 per 1/2 acre lot of $41,400,000.
the design competition would cost
less than $30,000, THE TWO FARMS IT WOULD
BUY WOULD COST LESS THAN $10,000,000; AND
THE PROJECT MINIMIUM INCOME POTENTIAL IS
$41 MILLION LEAVING THE CITY ENOUGH MONEY
TO HIRE CONTRACTORS TO DEVELOP THE
PROPERTY FOR UNDER $30 MILLION. THAT IS
ALLOWING $36,232 PER LOT AND THE COMMON
PRICE ACCORDING TO BUILDING ADVISOR.COM
IN 2019 FOR DEVELOPING LAND IN A
SUBDIVISION RANGES FROM $10,000 - $30,000.
if the city sold 828 lots
AT $100,000 EACH
it would generate a total income of
$84,400,000 IN LESS THAN 2 YEARS. THE CITY
COULD THEN SPEND $39,818 ON EACH LOT AND
THEN LOAN OUT $50,000 PER LOT TO HELP THAT
CITIZEN OBTAIN A CONSTRUCTION LOAN VIA
THE CITY'S NEW REVOLVING LOAN FUND.
tHIS WAY, 828 PLOTS WOULD BE
DEVELOPED, SOLD, AND FINANCED BY THE CITY.
THE CITY WOULD TRULY BE VERTICALLY
INTEGRATING, AND EARNING A 10 YEAR INCOME
on loans OF $50,058,677 + the $84,400,000
from selling the land for
$134,458,677 by year 10
june 15th, 2021
OF
PLOT DATE:
category:
PROJECT title:
GOVERMENT
& SUBDIVISIONS
BRIZZOLARA 'S
BUILD BOZEMAN
BY BOZEMAN
2020S PLAN
bozeman,
montana,
usa
idea:
location:
v
famous competitions
2022 Bozemandesign competitionsii
CITY HELD
competitions,
whose winners
are chosen by
the people
A more recent and
comparable competition was
recently held in California, and
was entitled "The Low-Rise Design
Challenge." It was organized by the
Office of Los Angeles' Mayor Eric
Garcetti and the Chief Design
Officer for the City of Los Angeles,
Christopher Hawthorne.
It was free to enter, and
received a total of 380 submissions
from around the world
responding to design ideas for
affordable housing in four
categories: Corners, Fourplex,
(Re)Distribution, and Subdivisions.
Of the 12 winners of first-,
second-, and third-place awards,
seven were from Southern
California; two from New York
City; two from the UK; and one
from Austin, TX.
Each of the four first-place
winners received a cash award of
$10,000. Total prize money given out
was $60,000.
My idea would be to
incorporate these competitions
into each and every proposal.
2021 competition for affordable
housing in los angeles
Before listing
what projects I
have to offer, I
want to first
describe and talk
about the rich
history of
Architectural
Design
Competitions.
Both London and Paris’ most iconic buildings
came from architectural design competitions. For
the British Parliament, the Palace of Westminster
was designed via a submission in the 1836
commissioner-organized public competition to
design a new palace. Sir Charles Barry won, and
then left a legacy behind for using Italianate
architecture in Britain and developed the Italian
Renaissance garden style for the many gardens he
designed.
The
Exposition in
paris of 1889
was held to
celebrate the
100th anni-
versary of
the Storming
of the
Bastille,
which
marked the
beginning of
the French
Revolution.
and so the
city held a
competition
and the winner was the tallest structure in the
world at the time. The structural design was
created by Maurice Koechlin and Émile Nouguier,
and was designed by Gustave Eiffel.
https://en.wikipedia.org/wiki/File:London._Westminster_Bridge_
and_House_of_Parliament.jpg
https://lowrise.la/Project-Overview
(a) Original
concept for
the Eiffel
Tower
sketched by
Nouguier and
Koechlin, 6
June 1884; (b)
final design
sketched by
Eiffel. [From E.
Heinle and F.
Leonhardt,
Towers: A
Historical
Survey (Rizzoli
International,
New York,
1989).
Reprinted by
permission of
La Nouvelle
Societe
d'Exploitation
de la Tour
Eiffel—illustrati
ons Pierre
Bideau.]
june 15th, 2021
OF
PLOT DATE:
category:
PROJECT title:
GOVERMENT
& SUBDIVISIONS
BRIZZOLARA 'S
BUILD BOZEMAN
BY BOZEMAN
2020S PLAN
bozeman,
montana,
usa
idea:
location:
v
The first proposal is entitled the Cat Tail Lake Subdivision, and it
borders Belgrade and Bozeman. The idea is simple, use eminent domain
(the right of a government or its agent to expropriate private
property for public use, with payment of compensation) to convert
over 414 acres of land, currently being used to grow hay, into a
new subdivision that sells ½ acre lots to local citizens
(corporations, developers, and investment firms prohibited). The
design and layout of the neighborhood would of course be
facilitated through a design competition, and the city council
elects their top 5 favorite designs. The winning proposal is then
voted by the citizens.
Creating an additional man-made lake would be preferred,
AND All lots would be sold by the city for $50,000 - $100,000. The lots
will first be offered to those essential workers, to the
city/government workers, and to the
university/educational/childcare network. Of course, measures
will be in place to ensure that the new tenants will not just BUILD
THEN rent their place out nightly, and turn this into a business or
investment opportunity. The idea is teachers, nurses, and other
various vital local government jobs will be prioritized in obtaining
their own lots, and they will only be able to buy one lot each, so as
not to make this a profitable business venture for individuals to
hoard or for A COMPANY TO COME IN AND build a bunch of spec
homes and immediately sell THEM.
If approved, this project would kick farmers off their land,
but they would be compensated justly, and over 828 new homes
would be built, supplying housing for an expected 2,000 Montanans.
I’m sorry but the truth is 2,000 Montanans trump preserving hay
fields in a prime real estate location.
if all these lots were sold by the city, total income equals:
At $50,000 PER 1/2 ACRE, $41,400,000
At AN AVERAGE OF $75,000, $62,100,000
At $100K, $82,800,000
Home ownership is one enormous aspect of our culture that
makes America amazing. It is absolutely an essential part of living the
American Dream. The problem with so many affordable housing
solutions is that they only supply rentable space. Thus the tenants
never gain equity, always have to pay rent each month for the rest
of their time there, and the developers typically spend the minimum
amount on materials, design aspects, and landscaping.
the first of 22
project
proposals for
the cityA new subdivisionSELLING 828 HALF ACRE LOTSCAT TAIL LAKE SUBDIVISION
iii
THIS FIRST PROPOSAL IS THE
EASIEST, CHEAPEST, AND MOST
EFFECTIVE WAY AT SOLVING
OUR HOUSING CRISIS.
Offering small, residential
lots to only individuals.
OVER 800 LOTS
june 15th, 2021
OF
PLOT DATE:
category:
PROJECT title:
GOVERMENT
& SUBDIVISIONS
BRIZZOLARA 'S
BUILD BOZEMAN
BY BOZEMAN
2020S PLAN
bozeman,
montana,
usa
idea:
location:
vanother new subdivision,another 100+ home sites ( at 1/2 acre each)2 out of 22
Brick city -
BEHIND THE
pOST OFFICE
Needless to say, these two proposals
will be a massive income source for the
city, which would directly go into the
Bozeman Citizen's Revolving Loan Fund,
and a revolving loan fund managed by the
city would be established. Denver is the
model city, and it launched an extremely
efficient model that started in April 2013.
Using a $15 million grant, the city of
Denver acquired 8 properties, and the city
was able to create 626 affordable homes
while also providing 120,000+ sq ft of
commercial space for community assets
including a new public library, child care
programs, a theater company, and
affordable space for nonprofits.
The Denver Fund then turned that
initial 15.2 million to over $200,000,000 from
public, private and nonprofits partners in
only 3 years! It also created over 700 jobs
in Denver in only 3 years!
Now the key to making lots of money
in any industry is integrating your initial
product horizontally or vertically.
Netflix is a great example in how they
started as offering rentals, then they
decided to produce their own shows, and
expand their market overseas. They went
from in 2011 earning profits of ~$300 Million
to in 2018 over 1.2 billion (over 400%
growth).
What I am proposing is for the city to
vertically integrate by offering lots for
sale, and also financing them and acting
as the bank/mortgagee. If for example the
city were to offer loans on the land, at
$50k loans at 5% interest in a 15 year
mortgage form, this would generate
monthly payments of $395. I think anyone
can afford this as they wait, and save up
enough money to eventually build their
own home or secure financing for a
construction loan.
Also, in terms of money From the land
alone, it is estimated that these two
subdivisions could generate between
$67,024,000 - $134,048,000
As the previous page shows how
profitable and lucrative developing the
Cat Tail Lake Subdivision would be for the
city, I would continue this momentum and
once again propose for the city to buy the
land surrounding the post office which is
an estimated 58.5 Acres.
58.5 acres could provide at least 116
new homes on 1/2 acre lots, and if sold
between $50k-100k, total revenue would
account for about $5,800,000 - $11,600,000.
Now another 100+ families can start to
build their own homes in Bozeman.
So the city of Bozeman would be able
to launch two design competitions for
these neighborhoods, offer over 900 new
affordable lots to only Montana citizens,
and would generate at least 47 million
dollars from just selling the land it
bought. Of course, local subcontractors
would be used to develop, and install city
infrastructure for individual home
owners to connect to.
bozeman's new
REVOLVING-LOAN-FUND
iv
Brick City around Post Office
58+ Acres, 110+ Sites
HRDC Campus
9.9 Acres
Cat Tail Lake Subdivision
414 Acres, 800+ Sites
Behind WalMart
20 Acres, 40+ Sites
Bozeman Central Park
360+ Acres
Central Park Subdivision
38+ Acres, 70+ Sites
West North Park
151+ Acres, 200+ Sites
7th & Durstan Neighborhood
63 Acres, 120+ Sites
Babcock Condos
& Parking Garage Olive Street Condos
& Parking Garage
Church St. & Babcock
2 Parking Garages,
2 Condos, &
3 New Lots
june 15th, 2021
OF
PLOT DATE:
category:
PROJECT title:
GOVERMENT
& SUBDIVISIONS
BRIZZOLARA 'S
BUILD BOZEMAN
BY BOZEMAN
2020S PLAN
bozeman,
montana,
usa
idea:
location:
v
all 22 proposals of the
bozeman by bozmeman plan mapped out
build Bozeman's futurethrough home ownershipSCOPE breakdown
the CAT TAIL LAKE SUBDIVISION offers 828 lots,
around the post office could be
another subdivision offering 116 home plots,
behind 7th st. is another 110 lots,
west of North Park is 302 additional lots,
the Central Park Subdivision has 77 lots,
over 360 Acres of the Central Park & Walking Path,
Behind Walmart could offer a Subdivision of 203 lots,
a new HRDC Campus could be built on wheat dr.,
50 - 120 Half A Condos Downtown on Babcock,
adjacent to a new South 3rd Street Mini Park,
Another 10-44 Unit condo building on olive,
a Third Condo complex offering 24 - 68,
3 New Downtown Residential Lots, and a
5-17 Unit Town Home on Church St.
offering a grand total of 1,728 - 1,888 new affordable
condos, and lots for future homes
summary
in 15 years, expected gross total income in The
city's revolving loan fund could mature to be about
322 Million - 624 million dollars.
Also, 360+ acres of a new centralized park, and
over 690 acres will be given back to the people in the
form of affordable $50,000 - $100,000 lots with the
option to obtain financing through the city's
revolving loan fund.
not to be ignored and also part of this project is
the construction of 5 underground parking
garages, supplying 1,855+ new Parking Spots that are
all owned and operated by the city.
if the average household is 4.3 citizens, this proposal
would be able to affordably house about 8,118 of the
estimated 46,746 current population of Bozeman. Meaning
over 17% of our city's population could move from renting
to home ownership all while reinvesting into the
community and its' parks via a revolving loan fund and
through architectural design competitions.v
implementing
these proposals
generates a
new home for
over 8,000
people