1. Brownfields 2004, “Digging the Digs” September 2004 Presented by Keith Piontek. P.E. Roosevelt Towne Apartments

2. Brownfields 2004, “Digging the Digs” Roosevelt Towne Apartments September 2004 Co-Authors oJoe Williams/National Church Residences oGene Schmittgens/Lathrop & Gage oMatt Shurtliff/The Forrester Group

3. Brownfields 2004, “Digging the Digs” Roosevelt Towne Apartments September 2004 Roosevelt Towne Apartments oCity of St. Louis oJust north of the “Central West End” o8 story hotel built in 1928 oConverted to subsidized housing in 1982 o154 housing units oAdjacent parking lots

4. Brownfields 2004, “Digging the Digs” Roosevelt Towne Apartments September 2004

5. Brownfields 2004, “Digging the Digs” Roosevelt Towne Apartments September 2004 National Church Residences oNot-for-profit organization founded in 1961 oHeadquartered in Columbus, Ohio oOwns or manages over 225 affordable senior citizen and family communities in the United States and Puerto Rico

6. Brownfields 2004, “Digging the Digs” Roosevelt Towne Apartments September 2004 National Church Residences Mission Statement oThe mission of National Church Residences is to provide quality housing and care at affordable prices in communities of caring persons… oWhile our ministry has been targeted primarily toward older adults, we have special concern for low- and moderate-income seniors, persons with disabilities, and low- and moderate-income families…

7. Brownfields 2004, “Digging the Digs” Roosevelt Towne Apartments September 2004 NCR Objectives for the Roosevelt Towne Apartments oAcquire the property: $4,700,000 oRenovate the building: $4,900,000

8. Brownfields 2004, “Digging the Digs” Roosevelt Towne Apartments September 2004 Key Partners in the Project oNational Church Residences oNational Affordable Housing Trust (NAHT): arranged the tax syndication financing of the building (including investors National City Bank and Heartland Bank) oThe Missouri Housing Finance Agency: provided bonds backed by FHA insured mortgage oThe U.S. Department of Housing & Urban Development (HUD): long-term rental assistance in the form of a 20- year Section 8 contract

9. Brownfields 2004, “Digging the Digs” Roosevelt Towne Apartments September 2004 Environmental Due Diligence oPhase I: identified recognized environmental conditions on the hotel grounds and associated parking lot oTwo former dry cleaners oThree former service stations oPhase II: confirmed presence of constituents at concentrations exceeding State of Missouri Corrective Action Levels for Missouri (CALM) criteria

10. Brownfields 2004, “Digging the Digs” Roosevelt Towne Apartments September 2004 Environmental Impairments Threatened The Deal oUncertainty on the scope of work that would be required to address the environmental conditions oUncertainties that undermine Brownfields projects: oHow long will it take to resolve it? oHow much will it cost to fix it?

11. Brownfields 2004, “Digging the Digs” Roosevelt Towne Apartments September 2004 The Specific Challenge oHUD would not close on the deal without an NFA from the MDNR oCleanup criteria for groundwater = MCLs oConstituents concentrations in groundwater in excess of MCLs oNo technically practicable way of achieving MCLs oCommon problem in Missouri: no road map to NFA oNCR needed to close the deal in “months not years”

12. Brownfields 2004, “Digging the Digs” Roosevelt Towne Apartments September 2004 The Client/Counsel Solution Take advantage of impending regulatory changes - Missouri’s new RBCA process Procure a technical consultant adept at “out of the box” solutions Key stakeholder outreach and support

13. Brownfields 2004, “Digging the Digs” Roosevelt Towne Apartments September 2004 Missouri’s New RBCA Process oNew, more flexible cleanup regulations on the verge of being adopted oGenerally consistent with the ASTM RBCA Standards oFlexibility from MCLs as the groundwater cleanup standard oMore predictable and pragmatic path to closure

14. Brownfields 2004, “Digging the Digs” Roosevelt Towne Apartments September 2004 Addressing the Vapor Intrusion Pathway oTechnical approach had not yet been developed in MRBCA process oTools that were used: oEPA Vapor Intrusion Guidance oVapor flux measurements oJohnson-Ettinger modeling oSite-specific analysis of offsite exposure potential

15. Brownfields 2004, “Digging the Digs” Roosevelt Towne Apartments September 2004 Vapor Intrusion Pathway

16. Brownfields 2004, “Digging the Digs” Roosevelt Towne Apartments September 2004 Gaining Key Stakeholder Support oNeeded the Missouri Department of Natural Resources (DNR) to embrace the RBCA approach, although it was not yet official oProvided technically sound assessments oBased on the societal benefits of the project, gained the support of the St. Louis Regional Chamber and Growth Association (RCGA)

17. Brownfields 2004, “Digging the Digs” Roosevelt Towne Apartments September 2004 Success! oThe Forrester Group submitted its “creative technical solution” proposal in February 2003 o“Conditional No Further Action (NFA) letter” issued by DNR in November 2003 (pending implementation of required institutional controls) oNCR “closed the deal” in March 2004 oNFA letter issued by DNR in May 2004

18. Brownfields 2004, “Digging the Digs” Roosevelt Towne Apartments September 2004 Renovation of the Building Exterior

19. Brownfields 2004, “Digging the Digs” Roosevelt Towne Apartments September 2004 New Kitchens

20. Brownfields 2004, “Digging the Digs” Roosevelt Towne Apartments September 2004 Renovation will include a 3,000 sf upgrade to the Community Room

21. Brownfields 2004, “Digging the Digs” Roosevelt Towne Apartments September 2004 For Additional Information Keith Piontek, P.E. The Forrester Group keith@forrestergroup.com (636) 728-1034 (ext. 211) Gene Schmittgens Lathrop & Gage, LLP gschmittgens@lathropgage.com (314) 613-2506