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Interim Report of the Kennedy Farmstead Task Force.

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Presentation on theme: "Interim Report of the Kennedy Farmstead Task Force."— Presentation transcript:

1 Interim Report of the Kennedy Farmstead Task Force

2 The Kennedy-Martin-Stelle Farmstead - An historic property that is unique and irreplaceable A once in a lifetime opportunity Needed Feasible Affordable With your support this project will succeed

3 Changes in Recommendations Due to: Input from Historic Building Architect consultant Exclusion of some work items Change in priorities in order to reduce the cost required to get the English Barn, Farmhouse and Wagon House up and running year round.

4 Task Force Recommendations The Task Force is requesting that the Township Committee approve the required matching dollars necessary to secure the targeted county and state grants over the next 1 to 3 years. Overall, for each dollar Bernards Township directs to the project, we will receive $3.20 in value. There is a financially responsible way to achieve the goal of historic preservation and a cultural arts center.

5 What We Will Talk About NEED – John Campbell FEASIBILITY – Bob Dillon AFFORDABILITY – Kathleen Kleiber

6 2002 - 2003 Charter 1. Develop a Preservation Plan - Completed 2. Define uses for the Farmstead - Defined 3. Seek New Sources of Funding - Successful and Ongoing 2004 Charter Eight charges that we’re looking at tonight Task Force Charters

7 Need Need for History to be Saved – Historical Significance – Community Input – Supported by Master Plan Need for Culture & Art Center – Community Input – Support of local art & culture groups – Supported by Parks & Rec Master Plan

8 Feasibility: Cultural Arts Center

9 Model Organizations Programs – Instruction – Studio space rental – Exhibition – Performance – Rehearsal space – Off-site programs – Lectures Funding – Membership fees – Revenue (classes, exhibits, studio rental, etc.) – Public Grants – NJ Council on the Arts – Private Grants – Corporate, Foundation, Individual/Family CenterLocation ProgramsFunding Instruction Studio Space Exhibition Kids Parties Off-Site Programs Lectures Membership Fees Revenue (classes, exhibits, studio rental) Public Grants Private Grants/ Donations NJCVASummit Somerset Art AssociationBedminster   Watchung Arts CenterWatchung    Hunterdon Museum of ArtClinton Montgomery Center for the ArtsSkillman  Myhelan Cultural Arts CenterLong Valley

10 Example Hunterdon Museum of Art Programs - Visual – Instruction – Studio space – Exhibits and Galleries – Off-site programs – Scouts, home schoolers, summer programs – Lectures Funding – Membership Fees – Revenues – Public Grants - $103,392 from NJCVA – Private Grants – Corporate and Foundation Facility – Centuries old mill

11 Example Montgomery Center for the Arts Programs – Visual and Performing – Instruction – Studio space – Exhibits and Galleries – Performances – Summer programs – Lectures Funding – Membership Fees – Revenues – Public Grants - New Jersey State Council on the Arts – Private Grants – Corporate and Foundation Facility – 1860 House

12 Feasibility: Not Invention, Replication

13 Affordability

14 We have Refined the Original Cost Matrix Original Preservation Plan$2.790 Work Completed & Refined Estimates - $1.182 Revised total to complete the project$1.608 – English Barn ($891K) – Farmhouse ($470K) – Wagon House ($247K)

15 We Have Been Successful Pursuing Grants for the Farmstead Project Three Somerset County Grants – 2001Received $75K – 2002 Received $200K – 2003Received $14K – Total:Received $289K The proposed grant writer, Michael Calafati of HBA, has tremendous success in preparing NJ Historic Trust grants: – 2000: secured 6 of 6 or 100% – 2002: secured 13 of 15 or 87%

16 Summary: Farmstead Preservation Costs CostsEBFHWHCSTotal $ Phase 4.0 $891k$470k$247k1,608k Mold$20k 20k Grant writer 6k Operating Budget. 4k CS Stabilization$10K 10k Grand Total 1,648k

17 Summary: Funding Requirements Grant Total Farmstead Preservation Costs$1,648K Targeted Grants: County request (2004) $ 110k State request (2004) $ 750k Township Commitment: $750k match required; “spent funds” of $289k county grants apply $ 461k $40k for mold, grant writer, Cow Shed & task force budget $ 40k Funding Total $1,361k Gap to be addressed through donations, future grants, etc. $ 287k

18 Funding and Budgeting Timeline Could Extend Over the Next Three Years Action/Cost$: 2004 20052006 Mold & T/F Budget (24k) 1Q Cowshed ($10k) 1-2Q Apply State Grant (6k) 1-2Q (25% pos)---or- --1-2Q (75% pos) Apply County Grant 2Q 2Q 2Q Expectations: State Grant 1Q ------ or--------- 1Q County Grants 4Q 4Q 4Q Financial/Budget Impact: The costs for mold remediation, operating budget and the grant writer need to be made available immediately. The required Township State matching funds will need to be available when the grants are received; however, this does not impact the 2004 budget.

19 Farmstead Preservation and Use as an Arts Center is Affordable for Our Township The Preservation and Restoration of the English Barn, the Farmhouse and the Wagon House can be accomplished with the use of grant funds, private and corporate donations and township dollars: – Cost effective since grants cover over 70% of the total. – Remaining % from donations and/or Township. – The value of the preservation/restoration work is over $1.6M and the cost to the township is $501k (i.e. for each dollar we spend, we get $3.20 of value or improvement in an important asset). The current plan is phased over a three year period determined by grant dates; therefore we have budgeting flexibility. We propose that required Township Open Space Trust Fund (OSTF monies) be used since the Farmstead is an Open Space project. Based upon the Pizzo discussions, we understand this to be within the guidelines of the OSTF.

20 Other Funding Options Amount of Bond Cost per Household Each Year Over 7 Years Pizzo Tract$3,300,000$50.00 Farmstead$461,000$6.98 Bond Issue Comparison

21 Update on The Task Force 2004 Charter 1. Stabilize the Farmstead structures: underway Plan for prevention of any further deterioration of the structures: under consideration this evening Plan for warehousing of the structures prior to and during any restoration work: under consideration this evening 2. Seek out and establish public and private sources of funding: always ongoing

22 Update on the Task Force 2004 Charter 3. Make recommendations concerning the creation and structure of an independent non-profit organization to take over the project: underway 4.Oversee restoration of the buildings as determined by the Township Committee: underway and a continuing effort 5.Enlist and promote community support for the project: underway and a continuing effort

23 The Task Force Charge for 2004 6. Explore use of the site for fine and creative arts, as well as any other uses that meet the community’s needs: under consideration this evening 7. Recommend interim uses for the property as a community resource for fine and creative arts, and other uses, as the restoration continues: open 8. Develop a business plan, including financials, for any future adaptive, independently sustainable uses of the site that follows upon completion of the Restoration phase of the project: underway

24 Actions Recommended to Township Committee – $6K for professional grant writer; $4K Task Force budget – $20K for Farmhouse mold remediation; 10K for Cow Shed stabilization – $461K Township matching fund commitment – Resolution of support for Farmstead Culture and Art Center

25 The Kennedy Farmstead - Unique and Irreplaceable Needed – Residents want to save the historic Farmstead – Residents want to adapt the Farmstead as a cultural & art center Feasible – Replicate existing successful models Affordable – Can be tax neutral

26 The Kennedy Farmstead - Unique and Irreplaceable Once-in-a-lifetime opportunity We can be remembered for: – Allowing a significant historic treasure slip through our fingers, OR – Preserving the Farmstead and using it to add a whole new dimension to the cultural life of our town

27 The Kennedy Farmstead - Unique and Irreplaceable This project can work: Needed, Feasible and Affordable We are confident that, with your support, this project will be successful

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