<html><head><meta http-equiv="Content-Type" content="text/html; charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class="">My experience when I lived in MA was that the developers had to provide a bond that was only released when the improvements were made.<div class=""><br class=""></div><div class="">Also Isn’t Durham divided into three zones for the use of improvement $$? The money from a property has to be used in the related zone, but not necessarily in the particular property. </div><div class=""><br class=""></div><div class="">The City could use the money in a zone needing more improvements than the property which provided the $$. This could be an equity issue??</div><div class=""><br class=""></div><div class="">Dick</div><div class=""><div><br class=""><blockquote type="cite" class=""><div class="">On Oct 3, 2022, at 3:49 PM, Stephen Knill <<a href="mailto:knillsj@gmail.com" class="">knillsj@gmail.com</a>> wrote:</div><br class="Apple-interchange-newline"><div class=""><div class="WordSection1" style="page: WordSection1; caret-color: rgb(0, 0, 0); font-family: Helvetica; font-size: 14px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none;"><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">I don’t know about the issues of the past having only been here for 4 years. Right now, developers do some infrastructure work adjacent to their footprint.( bike lanes, turning lanes, sidewalks etc.)<o:p class=""></o:p></div><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">Beyond that it’s a case by case basis and can’t be required of them by the City. In SE Durham they have paid for stoplights and road widenings on occasion. In the past 2 years, City Council has looked favorably on proffer money for the affordable housing fund, for the schools and now increasingly actual affordable housing units in the developments as proposal elements they’d like to see in consideration of Approval. We have actually asked for an accounting of where the AF proffer money has gone and have bene told it just ends up in that general ledger. (The money is really insignificant in relation to the need.) {Perhaps CC needs to ask for a financial stress test on all developers when they consider whether to approve the project or not. That would be interesting.<span class="Apple-converted-space"> </span><o:p class=""></o:p></div><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><o:p class=""> </o:p></div><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><o:p class=""> </o:p></div><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">Stephen Knill<o:p class=""></o:p></div><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><a href="mailto:knillsj@gmail.com" style="color: blue; text-decoration: underline;" class=""><span style="color: rgb(5, 99, 193);" class="">knillsj@gmail.com</span></a><o:p class=""></o:p></div><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">+(917) 620-4941<o:p class=""></o:p></div></div><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><o:p class=""> </o:p></div><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><o:p class=""> </o:p></div><div style="border-style: solid none none; border-top-width: 1pt; border-top-color: rgb(181, 196, 223); padding: 3pt 0in 0in;" class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><b class=""><span style="font-size: 12pt;" class="">From:<span class="Apple-converted-space"> </span></span></b><span style="font-size: 12pt;" class="">Donald Lebkes <<a href="mailto:dll30sjl@gmail.com" class="">dll30sjl@gmail.com</a>><br class=""><b class="">Date:<span class="Apple-converted-space"> </span></b>Monday, October 3, 2022 at 3:36 PM<br class=""><b class="">To:<span class="Apple-converted-space"> </span></b>Stephen Knill <<a href="mailto:knillsj@gmail.com" class="">knillsj@gmail.com</a>><br class=""><b class="">Cc:<span class="Apple-converted-space"> </span></b>"<a href="mailto:inc-list@lists.deltaforce.net" class="">inc-list@lists.deltaforce.net</a>" <<a href="mailto:inc-list@lists.deltaforce.net" class="">inc-list@lists.deltaforce.net</a>><br class=""><b class="">Subject:<span class="Apple-converted-space"> </span></b>Re: [Durham INC] With the speed of City Council approvals on new developement, there is a real possibility of this in Durham<o:p class=""></o:p></span></div></div><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><o:p class=""> </o:p></div></div><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">Hi<o:p class=""></o:p></div><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><o:p class=""> </o:p></div></div><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">Didn’t we have a problem years ago where developers began to develop the area and not compete the roads, curbs and sidewalks etc. The developers had to put aside so much money, when they applied for the development. Then they went out if business and there was no funds left. The residence and City had to pay for those improvements. <o:p class=""></o:p></div></div><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">I think there is something in place to prevent that now, but with the cost of improvements I hope the City and County have increase those funds. <o:p class=""></o:p></div></div><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">Don <o:p class=""></o:p></div><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><br class=""><br class=""><o:p class=""></o:p></div><blockquote style="margin-top: 5pt; margin-bottom: 5pt;" class="" type="cite"><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">On Oct 3, 2022, at 10:53 AM, Stephen Knill <<a href="mailto:knillsj@gmail.com" style="color: blue; text-decoration: underline;" class="">knillsj@gmail.com</a>> wrote:<o:p class=""></o:p></div></div><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><o:p class=""> </o:p></div><div class=""><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">Ii SE Durham, CC has approved over 6000 new homes with 2200 more in the queue. Half or more are townhomes. If interest rates continue to climb, the individual buyers they expect to attract may sit on the sidelines. Most of these are national builders so getting a big investment group to purchase a whole development eliminating the builders sales costs etc. could be very attractive to both parties. And when the market comes back, they could sell off individual homes again. In Phoenix, 32% of new home purchase are now going to investors. It can happen here.<span class="apple-converted-space"> </span><o:p class=""></o:p></div></div><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""> <o:p class=""></o:p></div></div><div class=""><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">Stephen Knill<o:p class=""></o:p></div></div><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><a href="mailto:knillsj@gmail.com" style="color: blue; text-decoration: underline;" class=""><span style="color: rgb(5, 99, 193);" class="">knillsj@gmail.com</span></a><o:p class=""></o:p></div></div><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">+(917) 620-4941<o:p class=""></o:p></div></div></div><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""> <o:p class=""></o:p></div></div><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""> <o:p class=""></o:p></div></div><div style="border-style: solid none none; border-top-width: 1pt; border-top-color: rgb(181, 196, 223); padding: 3pt 0in 0in;" class=""><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><b class=""><span style="font-size: 12pt;" class="">From:<span class="apple-converted-space"> </span></span></b><span style="font-size: 12pt;" class="">RICHARD FORD <<a href="mailto:rbford@aol.com" style="color: blue; text-decoration: underline;" class="">rbford@aol.com</a>><br class=""><b class="">Date:<span class="apple-converted-space"> </span></b>Monday, October 3, 2022 at 10:33 AM<br class=""><b class="">To:<span class="apple-converted-space"> </span></b>Mimi Kessler <<a href="mailto:mimikessler1@gmail.com" style="color: blue; text-decoration: underline;" class="">mimikessler1@gmail.com</a>>, <<a href="mailto:knillsj@gmail.com" style="color: blue; text-decoration: underline;" class="">knillsj@gmail.com</a>><br class=""><b class="">Cc:<span class="apple-converted-space"> </span></b>Inc <<a href="mailto:inc-list@lists.deltaforce.net" style="color: blue; text-decoration: underline;" class="">inc-list@lists.deltaforce.net</a>><br class=""><b class="">Subject:<span class="apple-converted-space"> </span></b>Re: [Durham INC] With the speed of City Council approvals on new developement, there is a real possibility of this in Durham</span><o:p class=""></o:p></div></div></div><div class=""><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""> <o:p class=""></o:p></div></div></div><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">Durham may not be immune from the national trend that investors will buy properties at a discount and that individuals looking for housing may not be able to complete with them.<o:p class=""></o:p></div></div><div class=""><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""> <o:p class=""></o:p></div></div></div><div class=""><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">Mortgage rates have doubled which will effect individual home buyers. How will more rental houses affect Durham??<o:p class=""></o:p></div></div></div><div class=""><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""> <o:p class=""></o:p></div></div></div><div class=""><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">Home ownership as a primary wealth builder may be further out of reach for many.<o:p class=""></o:p></div></div></div><div class=""><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""> <o:p class=""></o:p></div></div></div><div class=""><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">Dick Ford<o:p class=""></o:p></div></div><div class=""><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><br class=""><br class=""><br class=""><o:p class=""></o:p></div></div><blockquote style="margin-top: 5pt; margin-bottom: 5pt;" class="" type="cite"><div class=""><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">On Oct 3, 2022, at 9:55 AM, Mimi Kessler <<a href="mailto:mimikessler1@gmail.com" style="color: blue; text-decoration: underline;" class="">mimikessler1@gmail.com</a>> wrote:<o:p class=""></o:p></div></div></div><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""> <o:p class=""></o:p></div></div><div class=""><div class=""><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">I would be very surprised if that is happening around here. While demand has slowed some, there are plenty of investors (from here and elsewhere) who are still buying.<span class="apple-converted-space"> </span><br clear="all" class=""><o:p class=""></o:p></div></div><div class=""><div class=""><div class=""><div class=""><div class=""><div class=""><div class=""><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""> <o:p class=""></o:p></div></div></div><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">Mimi Kessler<br class="">919-599-2892<o:p class=""></o:p></div></div></div></div></div></div></div><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""> <o:p class=""></o:p></div></div></div></div><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""> <o:p class=""></o:p></div></div><div class=""><div class=""><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">On Mon, Oct 3, 2022 at 7:46 AM Stephen Knill <<a href="mailto:knillsj@gmail.com" style="color: blue; text-decoration: underline;" class="">knillsj@gmail.com</a>> wrote:<o:p class=""></o:p></div></div></div><blockquote style="border-style: none none none solid; border-left-width: 1pt; border-left-color: rgb(204, 204, 204); padding: 0in 0in 0in 6pt; margin: 5pt 0in 5pt 4.8pt;" class="" type="cite"><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><br class="">_______________________________________________<br class="">INC Website:<span class="apple-converted-space"> </span><a href="https://sites.google.com/view/durhaminc/" target="_blank" style="color: blue; text-decoration: underline;" class="">https://sites.google.com/view/durhaminc/</a><br class=""><br class="">Durham INC Mailing List<br class=""><a href="mailto:inc-list@lists.deltaforce.net" target="_blank" style="color: blue; text-decoration: underline;" class="">inc-list@lists.deltaforce.net</a><br class=""><a href="https://lists.deltaforce.net/mailman/listinfo/inc-list" target="_blank" style="color: blue; text-decoration: underline;" class="">https://lists.deltaforce.net/mailman/listinfo/inc-list</a><o:p class=""></o:p></div></div></blockquote></div><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">_______________________________________________<br class="">INC Website:<span class="apple-converted-space"> </span><a href="https://sites.google.com/view/durhaminc/" style="color: blue; text-decoration: underline;" class="">https://sites.google.com/view/durhaminc/</a><br class=""><br class="">Durham INC Mailing List<br class=""><a href="mailto:inc-list@lists.deltaforce.net" style="color: blue; text-decoration: underline;" class="">inc-list@lists.deltaforce.net</a><br class=""><a href="https://lists.deltaforce.net/mailman/listinfo/inc-list" style="color: blue; text-decoration: underline;" class="">https://lists.deltaforce.net/mailman/listinfo/inc-list</a><o:p class=""></o:p></div></div></div></blockquote></div><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""> <o:p class=""></o:p></div></div></div><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span style="font-size: 13.5pt; font-family: TimesNewRomanPSMT, serif;" class="">_______________________________________________<br class="">INC Website:<span class="apple-converted-space"> </span></span><a href="https://sites.google.com/view/durhaminc/" style="color: blue; text-decoration: underline;" class=""><span style="font-size: 13.5pt; font-family: TimesNewRomanPSMT, serif;" class="">https://sites.google.com/view/durhaminc/</span></a><span style="font-size: 13.5pt; font-family: TimesNewRomanPSMT, serif;" class=""><br class=""><br class="">Durham INC Mailing List<br class=""></span><a href="mailto:inc-list@lists.deltaforce.net" style="color: blue; text-decoration: underline;" class=""><span style="font-size: 13.5pt; font-family: TimesNewRomanPSMT, serif;" class="">inc-list@lists.deltaforce.net</span></a><span style="font-size: 13.5pt; font-family: TimesNewRomanPSMT, serif;" class=""><br class=""></span><a href="https://lists.deltaforce.net/mailman/listinfo/inc-list" style="color: blue; text-decoration: underline;" class=""><span style="font-size: 13.5pt; font-family: TimesNewRomanPSMT, serif;" class="">https://lists.deltaforce.net/mailman/listinfo/inc-list</span></a><o:p class=""></o:p></div></div></blockquote></div><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><o:p class=""> </o:p></div></div></div><span style="caret-color: rgb(0, 0, 0); font-family: Helvetica; font-size: 14px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none; float: none; display: inline !important;" class="">_______________________________________________</span><br style="caret-color: rgb(0, 0, 0); font-family: Helvetica; font-size: 14px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none;" class=""><span style="caret-color: rgb(0, 0, 0); font-family: Helvetica; font-size: 14px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none; float: none; display: inline !important;" class="">INC Website: <a href="https://sites.google.com/view/durhaminc/" class="">https://sites.google.com/view/durhaminc/</a></span><br style="caret-color: rgb(0, 0, 0); font-family: Helvetica; font-size: 14px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; 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