Paradise Valley Investment Group
Transcription
Paradise Valley Investment Group
La Salle Gardens Model Sustainable Community A Proposal to the City of Detroit in response to the Neighborhood Stabilization Program RFP PARADISE VALLEY Investment Group, LLC Revitalizing Detroit! © Paradise Valley Investment Group, LLC 2009 La Salle Gardens Model Sustainable Community A Proposal to the City of Detroit in response to the Neighborhood Stabilization Program RFP PARADISE VALLEY Investment Group, LLC Revitalizing Detroit! © Paradise Valley Investment Group, LLC 2009 Table Of Contents i. Project Description & Map 1. 2. 3. 4. 5. 6. Qualifications Statement Federal Rules & Regulations Knowledge Local Rules & Regulations Knowledge Financial Stability Demonstrated Capacity Good Standing Letters A. Exhibit A - Letters of Support B. Exhibit B - Articles of Incorporation © Paradise Valley Investment Group, LLC 2009 TAB Project Description & Map © Paradise Valley Investment Group, LLC 2009 PARADISE VALLEY Investment Group, LLC Revitalizing Detroit! Buy - Sell - Rent - Invest - Rehab - Renew City of Detroit Planning & Development Department 65 Cadillac Square, 19th Floor Detroit, Michigan 48226 Attention: Ms. Jannie M. Warren, General Manager Housing Services Division April 24th, 2009 Dear Committee, Thank you for this opportunity to submit a proposal for the Neighborhood Stabilization Plan. Paradise Valley Investment Group is excited to bring a holistic and comprehensive vision of community-driven revitalization and sustainability. Working in partnership with the City of Detroit, with the residents of La Salle Gardens, and with a local team of seasoned professionals and innovators, we are enacting a new model of sustainable urban regeneration in the city of Detroit. We are honored and excited to work with several different aspects of the Detroit community in the proposal we are submitting today. Key partners in the redevelopment of the La Salle Gardens neighborhood include the residents of La Salle Gardens, MEP Construction/Detroit Geothermal, Detroit Workers for Environmental Justice, development consultant Ernie Zachary, and Toni McIlwain and Berni White of Ravendale Community, Inc. To this effect, we are requesting $2,070,000.00 in NSP Funds to support the La Salle Gardens Model Community Development. Funds will be used for land and property acquisition, rehabilitation of 28 units, energy retrofitting of existing homes, construction of 18 new units and the creation of an urban farm. Thank you for your consideration. Sincerely, Robin Scovill CEO, Paradise Valley Investment Group, LLC 3430 E. Jefferson Avenue, Suite 543, Detroit, MI 48207 • (800) 956-3898 • www.ParadiseValleyLLC.com i. Project Description & Map “From the garden of need springs the fruit of possibility.” –Anonymous Mission Our commitment is to bring community-driven revitalization and sustainability to the neighborhood of La Salle Gardens. Area La Salle Gardens is located in the North End Neighborhood Stabilization Program area near the epicenter of the 1967 riots. Large-scale relocation and development has occurred in the neighboring areas around La Salle Gardens, leaving several blocks blighted and neglected for years. Our specific target area is defined on the North by S. La Salle Gardens Street, on the West by 14th Street, on the East by Rosa Parks Boulevard and on the South by W. Grand Blvd. A map illustrating the boundaries are included in the following pages. Size The La Salle Gardens Model Community redevelopment area is three blocks east to west and four blocks north to south. This area serves a population of roughly 600 people with a future capacity of triple that amount. Scope We will acquire site control of: •18 residential parcels, 3 multi-unit parcels and 4 commercial parcels for rehabilitation •34 vacant lots for new construction, the creation of green belts, community spaces and a model urban farm • At project completion 28 units will have been rehabilitated and 18 new units will have been constructed Project Description Through the comprehensive renovation of a three by four block section of a heavily impacted area in the North End of Detroit, Paradise Valley Investment Group will work in partnership with the residents, churches and neighborhood associations of La Salle Gardens to enact a new vision of urban revitalization. This select area of La Salle Gardens – like countless other neighborhoods in Detroit – is home to good people who have fallen on hard times. A once-thriving neighborhood, La Salle Gardens has seen many of its homes demolished or turned to blight and a significant percentage of its population diminished. Businesses have closed down or moved away. Municipal services are in decay and Thirkell High school at the northern border of this neighborhood is slated for closure in the next few months. More than half of the remaining residents of La Salle Gardens have been living here for the majority of their lives. © Paradise Valley Investment Group, LLC 2009 i. Project Description & Map La Salle Gardens is a stone’s throw from New Center and Henry Ford Hospital, one of the city’s most stabilized and rapidly developing areas. It is within four miles of the heart of downtown. It is within walking distance from bus lines and places of worship. Vangard Community Development Corporation is located nearby with a strong commitment to the revitalization of the North End. Perhaps most importantly, a spirit of possibility exists among many of the residents of this community. The neighborhood of La Salle Gardens – like so many others in Detroit – is at a critical juncture. Blight and vacancy threaten the fabric of this community. Paradise Valley’s plan for revitalization is multifaceted, holistic and comprehensive in it’s approach. It is designed to meet the core needs of the community while providing a model of energy efficiency, sustainability and ins © Paradise Valley Investment Group, LLC 2009 Plan Overview i. Project Description & Map Reduce Immediate Health Hazards A large scale natural gas leak is evident in the La Salle Gardens neighborhood. While posing a serious health hazard to all the residents, its pervasive stench contributes to a sense of neglect. The presence of trash and debris also poses health hazards and contributes to an experience of decay. Working with the City of Detroit and the residents of La Salle Gardens, we will insure that this gas leak is addressed and that trash is collected and removed. These two steps will make an immediate physical impact while setting the tone and intention to put community first. Create Community Partnership Paradise Valley Investment Group believes in resident involvement in the authorship of their community. This fosters a climate of trust and collaboration critical to success. We vehemently oppose the relocation of residents that often accompanies renewal. Instead, we work with communities to establish health and self-sufficiency within neighborhoods. Our approach is threefold: 1) Identify leadership within the community and facilitate the formation of a neighborhood block clubs 2) Identify residents skilled in construction and labor and put them to work on local rehabilitation projects 3) Identify enterprising home owners in the community and facilitate micro-loans or subsidies for improvements to existing homes Block Clubs Under the mentorship of Ravendale Community Center founder Toni McIlwain, we will facilitate the formation of several La Salle Gardens block clubs. Block clubs are resident-driven organizations where residents of all ages will provide key leadership in site security, project oversight, research and development, and community/developer relations. Local Employment Hiring local residents to assist in construction and renovation is of key importance. Graduates of the Detroit Workers for Environmental Justice Green Jobs Training Program and the Detroit Young Builders Program will also work alongside La Salle based teens and adults to assist in the security, deconstruction, trash-out, and site preparation of the neighborhood, bringing immediate stimulation to the economy of these blocks. © Paradise Valley Investment Group, LLC 2009 i. Project Description & Map Subsidies and Micro-Loans for Home Improvement Inspired by the success of micro-lending programs for women worldwide, Paradise Valley Investment Group will help facilitate subsidies and microloans to enable residents to make home improvements geared toward reducing energy consumption and improving overall living conditions. Participating residents will perform these improvements themselves with guidance and help from trained professionals who specialize in environmentally sound home improvement practices. Community volunteers will help elderly residents by performing these improvements for them. Deconstruction/Site Preparation Seven houses in La Salle Gardens have been targeted for deconstruction. The deconstruction process utilizes local labor to take buildings apart by hand, salvaging and recycling architectural detail, wood, and metal to be reused in our development efforts. 34 parcels of vacant land will be prepared for the creation of green areas and new construction. Rehabilitation Paradise Valley Investment group will acquire 18 vacant houses in the target area and rehabilitate them for safety, functionality and energy efficiency. All our rehabilitated houses will include a variety of green and sustainable technologies, such as: •composite window frames •cross-linked polyethylene (PEX) water supply piping •full spectrum fluorescent lamps •tankless water heaters •high performance window glazing •high efficiency refrigerators •synthetic roof underlayment •rainwater catchment systems •spray foam insulation •thermal energy audits 75 percent of the homes that we rehab will be offered as affordable rentals, 25 percent will be offered on rent-to-own terms. © Paradise Valley Investment Group, LLC 2009 i. Project Description & Map New Construction New construction and rehab will occur simultaneously. 75 percent of the homes we build will be offered as affordable rentals, 25 percent will be offered on rent-to-own terms. Our new construction approach will utilize a mix of traditionally built structures and pre-fab solutions. All our new houses will include a small-scale, high-efficiency solar panel on the roof that will power motion sensor lighting on all four sides of the structure. They will also feature a variety of green and sustainable technologies, such as: •composite window frames •cross-linked polyethylene (PEX) water supply piping •full spectrum fluorescent lamps •geothermal heat pumps •greywater reuse systems •tankless water heaters •high performance window glazing •high effeciency refrigerators •plumbing manifolds •synthetic roof underlayment •rainwater catchment systems •spray foam insulation •thermal energy audits These homes will be models of low-cost energy efficiency and will be highly desirable. © Paradise Valley Investment Group, LLC 2009 i. Project Description & Map “If people can grow safe, healthy, affordable food, if they have access to land and clean water, this is transformative on every level in a community. I believe we cannot have healthy communities without a healthy food system.” –Will Allen, CEO, Growing Power Community Farm & Orchard The Community Farm and Orchard will be a shining source of transformation in this neighborhood. It will be the heart of a community food system providing nutritious affordable food for all residents while giving locals and visitors the chance to behold first hand, the miraculous cycle of life. Modeled after the highly successful community organization, Growing Power and operated in cooperation with The Greening of Detroit, the Community Farm and Orchard will grow food, minds and community through training, demonstration and outreach. Some of the features of the Community Farm and Orchard will be: •half acre fruit and nut orchard •organic vegetable garden •fish farm •composting sites •worm boxes •bees •livestock •greenhouse •open air classroom •recycling collection site •weekly farmer’s market & craft bazaar The community farm and orchard will have an immeasurable impact on the residents of La Salle Gardens and beyond. La Salle Gardens Community House The La Salle Gardens Community House will be a diverse resource center for community organizing, gatherings, cultural events, performances and a wide spectrum of learning opportunities. Comprised of block club offices, a reading room, video viewing library, computer/internet lab, an art studio and gallery for children, and a modest performance space, the La Salle Community House will be a hub of communication, creativity and life-long learning. Paradise Valley Investment Group will work with local schools and churches in the creation of the La Salle Community House/ Resource Center. Ongoing Community Education and Outreach In conjunction with La Salle Gardens community organizations, Paradise Valley will facilitate ongoing workshops and clinics on a diversity of topics relevant to building sustainable community. Event topics could include financial empowerment, non-violent communication and healthy childrearing. All residents in the community will have the option of working with credit counselors and financial tutors in order to establish a positive financial future. © Paradise Valley Investment Group, LLC 2009 La Salle Gardens Model Sustainable Community LaSalle SalleGardens Gardens Model Community La Model Sustainable Community Bounded By: S La Salle Gardens St on the North 14th Ave on the West Rosa Parks Blvd/12th Blvd on the East W Grand Blvd on the South © Paradise Valley Investment Group, LLC 2009 TAB Qualifications Statement © Paradise Valley Investment Group, LLC 2009 1.Detailed qualification statement Mission Paradise Valley Investment Group provides green, affordable housing to families and individuals in Detroit. We transform abandoned, foreclosed and distressed residential properties into models of sustainable urban living. Through partnerships with community-based organizations and leaders in green technology, Paradise Valley brings cost-saving and lifeenhancing technologies to modest-income communities, helping to create neighborhoods where local enterprise, art, culture, and community connectedness prosper. History Since April of 2008, Paradise Valley Investment Group has been meeting vital needs in the Detroit real estate market and making a difference for local communities. With an efficient and reliable team of professionals, we have rehabilitated nearly 20 residential properties, divesting banks of excess inventory and creating jobs in a depressed economy. Paradise Valley is transforming disrepair into safe, attractive, financially feasible rentals and first-time homes for local families. To date, we have invested over $600,000 into rehabilitating properties with a total current equity of more than 1.3 million dollars. PVIG has put into place proven systems for analysis, acquisition and rehabilitation using PVIG's proprietary "Revitalizer" software in conjunction with "Propertyware", a highly effective online property management system. Through the development and integration of state of the art software, PVIG has been successfully conducting thorough and relentless market analysis, keeping property management costs low, and rents affordable. © Paradise Valley Investment Group, LLC 2009 1.Detailed qualification statement Development Team & Green Strategy While green and sustainable technologies already exist in affluent communities around the country, Paradise Valley’s goal is to bring these lifeenhancing technologies to blighted and under-served areas of Detroit. To accomplish this task, we have partnered with MEP Construction/Detroit Geothermal, a well known and highly experienced construction firm prepared to resurrect dozens of vacant and abandoned residential properties over the next eighteen months. MEP Construction/Detroit Geothermal, a leader in Detroit's green building movement, works in close partnership with WARM Training Center to stay current with environmentally sound construction. MEP Construction, led by Mike Prochaska has extensive experience building and rehabbing properties. The firm has worked with CDBG and HOME funds in pre-development and construction phases and has on their team, a former chief of staff of the Michigan State Housing Development Authority. MEP Construction has over twenty years of experience in securing CDBG and HOME funds and is certified in Davis Bacon Payroll. Last but not least, our development team has a thorough understanding of Detroit executive orders on contracts and subcontracts. Our record of financial responsibility is impeccable with a total of 100% of city loans repaid in full in a timely manner. Community Partnerships & Marketing Strategy Working in partnership with the community is at the center of our philosophy. To this effect, we are committed to ensuring that more than 75% of all workers on Paradise Valley Projects are residents of the city of Detroit. Furthermore, graduates of the Detroit Workers for Environmental Justice Green Jobs Training Program and the Young Detroit Builders Program will make up an essential core of workers on the proposed project (See Letters of Support, Exhibit A). Our marketing strategy includes a local PR firm aggressively pursuing national and international media attention for our project. We are committed to drawing well-deserved attention to Detroit as an emerging leader in the green economy and as a model for reinventing America's cities. © Paradise Valley Investment Group, LLC 2009 Development Team 1.Detailed qualification statement Robin Scovill Chief Executive Officer, Paradise Valley Investment Group Robin Scovill's life-long interest in real estate and his passion for the city of Detroit lead to the formation of Paradise Valley Investment Group in 2007. Since that time, he has done over 20 real estate transactions in Detroit, infusing the local economy with over $600,000 in private capital while building a portfolio valued at $1.3 million. As CEO of Paradise Valley Investment Group, Mr. Scovill has developed numerous proprietary investment systems that have yielded a high level of productivity for the company while putting Detroiters to work. His long term strategy is to bring holistic, community-driven development to the city of Detroit while positioning Paradise Valley at the forefront of sustainable urban renewal. Steve Huggins Paradise Valley Investment Group, Chief Technical Officer Steve Huggins was born in Whittier, CA where he earned his Eagle Scout rank and became the youngest member of the Parks and Recreation Committee of La Habra Heights. He graduated from the University of California, San Diego with a BA in Urban Studies and Planning and Minors in Real Estate Economics and Visual Arts. He spent time in Hong Kong studying urban development concepts and after leading a team of New Media consultants for Deloitte, Mr. Huggins decided to put his savings to work and became a social investor in Paradise Valley Investment Group in mid-2008. From that point to the present he has utilized his leadership and technical skills to help Paradise Valley rehabilitate distressed homes and return families to neighborhoods. © Paradise Valley Investment Group, LLC 2009 1.Detailed qualification statement Ernest Zachary Development Consultant, Zachary & Associates Ernest Zachary, is the founder and president of Zachary and Associates, Inc., a consulting company specializing in economic and community planning and development finance consulting. He has over thirty years experience developing trusted relationships and serving as a key advisor to the individuals and organizations that drive economic development in the City of Detroit and across the State of Michigan. He has served as an economic consultant for a variety of public and private development projects, community development organizations, non-profit entities, municipalities and universities. Mr. Zachary brings expertise in alternative energy planning, systems development and financing. In twenty years of consulting, Mr. Zachary has secured over $50 million in federal, state, and local grants and loans for projects totaling over $300 million. Highlights include The Inn on Ferry Street, Mexicantown International Welcome Center and Mercado, New Amsterdam Project, Pinnacle Aeropark, and the Wayne County Ways of Life Project. He is also part owner and developer of The Lofts at Garfield, and several other projects all located within the city of Detroit. Mr. Zachary graduated from Wayne State University with a Bachelor of Arts Degree in Economics and earned a Masters Degree in Economics from that same institution. Toni McIlwain Founder, Ravendale Community Center Toni is the founder and executive director of Ravendale Community Center, a highly effective non-profit group redefining the rules of community development. Through a unique and nationally decorated approach, Toni has successfully mobilized the citizens of the Ravendale neighborhood in Detroit. 38 out of 40 blocks in Ravendale now have block clubs. The creation of block clubs has resulted in reduced crime, homes being renovated, vacant lots turned into nature parks, and the development of the Ravendale Community Center itself. Ravendale Community Center provides comprehensive services for youth and elders in the area. Through education and tutoring services, computer training, drug prevention, referral services, and a child development center, Toni and her twin sister Bernie have been able to empower residents to move forward in life and revitalize their neighborhood from the inside out. © Paradise Valley Investment Group, LLC 2009 1.Detailed qualification statement Michael Prochaska Principal, MEP Construction Michael Prochaska has worked in a variety of capacities across the fields of construction and real estate and economic development. As a senior vicepresident at Frankel & Associates, Mr. Prochaska acted as construction coordinator for Somerset north and the Somerset Collection. As an executive vice-president at Metroworld, Mr. Prochaska led the development and site preparation of 750 acres near Metro Airport. Also, as Director of Economic Development for Wayne County he oversaw the development and construction of Northville Development, Pinnacle Aeropark project, Ford Field, and Comerica Park. Mr. Prochaska has served as construction manager on several successful projects in recent years and has contributed to the successful implementation of a vast and diverse selection of large-scale projects. Some of these projects include: The Lofts at Garfield in Detroit, 1442 Brush in Detroit, Goodyear’s in Ann Arbor, First/Liberty Office Building in Ann Arbor, and Mobile Home Park in Auburn Hills. He has also performed as an Owner’s Representative for two Detroit projects: the construction of Mexicantown Community Development Corporation’s International Welcome Center and Mercado, and the rehabilitation of the Fort Shelby building for Fort Shelby, LLC. Gerald Katz Private Equity Consultant, Katz Financial Services, Ltd. Gerald Katz has over 20 years of varied financial experience in the private equity, leasing, interest rate, options and foreign exchange and areas. Mr. Katz is the principle of Katz Financial Services, Ltd. a financial consultancy which aids young companies in institutional capital raises, financial strategy, material preparation and sell-side acquisition assignments. Clients are typically seeking capital in the $2 million to $15 million range. Previously, Mr. Katz was in the corporate treasury of Bank of America Corporation, working in the areas of corporate private placements, interest rate and foreign exchange hedging, and with the Treasury Marketing Group of Citibank, working on a variety of specialized transactions. Mr. Katz received an MBA from the University of Chicago with specializations in finance, economics and statistics, was co-chair of the Banking and Finance Committee, and received a joint BA/BS in economics and management, awarded With Distinction from the State University of New York at Buffalo. © Paradise Valley Investment Group, LLC 2009 TAB Federal Rules & Regulations © Paradise Valley Investment Group, LLC 2009 2.Demonstrated working Knowledge of Federal Rules and Regulations that govern the development of Affordable Housing Projects The La Salle Gardens Sustainable Model Community will be built with strict adherence to all federal rules and regulations governing the development of affordable housing in the city of Detroit. An environmental assessment will be completed prior to the commencement of construction. Both organizational and project reporting requirements will be met as per deadlines stated in the Neighborhood Stabilization Program RFP document. For example, the proposed project has several potential differentiated sources of funding from both private investors, public institutions and foundations. Wireless connectivity access will be provided for residents through the installation of necessary hardware and phone lines as per HERA guidelines. We believe the La Salle Gardens Sustainable Model Community possesses strong potential market feasibility as per our prior experience renting rehabiltated homes at affordable rates in the Detroit market. Further research will be done as we move into the site control phase, when a market feasibility study will be completed. The proposed area encapsulates a three by four block radius, an area of “manageable size.” Finally, the homes constructed and rehabilitated will be offered for rental or sale within affordable housing guidelines, as rents will be in accordance with HUD guidelines and in concert with the income guidelines as stated in the RFP. All housing units will meet code requirements and Section 8 standards. © Paradise Valley Investment Group, LLC 2009 TAB Local Rules & Regulations © Paradise Valley Investment Group, LLC 2009 3.Demonstrated Knowledge of local building code, Housing Quality Standards, Energy Star specifications, Green Building Standards, Leadbased Paint Abatement/ environmental standards and Buildings and Safety Engineering Department permit requirements Paradise Valley Investment Group and MEP Construction have a long history of compliance. In our combined experience of rehabilitating and constructing hundreds of buildings, we have maintained a superior record of adherence to all federal, state, and city requirements. Building rehabilitation is done in line with ISBN codes. Foundation work will be completed according to code. Necessary permits will be obtained in a timely manner, in keeping with the Building and Safety Engineering Department mandates and recommendations. Three of the four partners in MEP have extensive experience in the use of CDBG and HOME funds, with members having a collective total of approximately 90 years in the development business. Total number of units built by the partners range from 300 to 500 housing units. All partners have over the last 35 years built and maintained strong relationships with many of the city departments. Lead testing and necessary abatement will be performed on all residences in accordance with the lead abatement requirements as put forth by the Environmental Protection Agency, the US Consumer Product Safety Commission, and the US Department of Housing and Urban Development. A trained and certified lead abatement firm will be employed as a subcontractor of MEP Construction/Detroit Geothermal. Green Building standards will be utilized in the construction and renovation of homes, compliant with LEED recommendations and the California Green Building Standards Code Title 24, Part 11, the first state certified Green Building Code in the US. Energy Star specifications will be referenced in all new construction and rehabilitation. Through a rigorous process, energy efficiency of all homes will be improved through advanced weatherization methods, including but not limited to Energy Star sealing and insulation techniques. Solar hot water heating systems and heat-ondemand hot water heaters will be used to lower energy costs. Energy Star certified appliances, windows, furnaces, boilers, heat pumps, and thermostats will be purchased as an integral part of our green rehabilitation system. Past experience greening properties tells us that implementing the aforementioned technologies will reduce energy consumption, resulting in significantly decreased energy costs. The proposed project will meet Energy Star specifications or the Model Energy Code established by the Council of American Building Officials. © Paradise Valley Investment Group, LLC 2009 3.Demonstrated Knowledge of local building code, Housing Quality Standards, Energy Star specifications, Green Building Standards, Leadbased Paint Abatement/ environmental standards and Buildings and Safety Engineering Department permit requirements MEP Construction/Detroit Geothermal in partnership with Paradise Valley Investment Group, LLC will do a thorough assessment of possible geothermal installation viability in the neighborhood and proceed accordingly. Housing Quality Standards will be exceeded in the construction and rehabilitation of all properties. Additional green building practices include the reclaiming of building materials through deconstruction rather than demolition. Deconstruction allows for the recycling of ornate architectural detail, the minimization of environmental health hazards associated with dust and demolition processes, and the reuse of wood, metal and other precious natural resources. Rainwater catchment systems will be utilized to assist residents in water conservation efforts, thereby lowering utility bills. © Paradise Valley Investment Group, LLC 2009 TAB Financial Stability © Paradise Valley Investment Group, LLC 2009 Please find financial statements and funding letters on the following pages. 4.Demonstrated Financial Stability along with the ability to obtain private sector pre-development construction financing and leverage funding opportunities © Paradise Valley Investment Group, LLC 2009 © Paradise Valley Investment Group, LLC 2009 © Paradise Valley Investment Group, LLC 2009 © Paradise Valley Investment Group, LLC 2009 TAB Demonstrated Capacity © Paradise Valley Investment Group, LLC 2009 5.Demonstrated capacity, experience including administrative, technical and operational skills, including but not limited to lead remediation, environmental review, construction management and property management PVIG has four primary office staff, a Chief Technical Officer with cutting edge technical skills and highly effective management systems that bring to our operations a superior standard of proficiency. We have built a strong team comprised of dozens of local professionals and have scalable management systems capable of handling high volume capacity. We will be hiring local professionals who specialize in all aspects of the rehabilitation and construction process. Walker-Miller Energy Services is on our team as environmental specialists. Formed in 2000, Walker-Miler energy offers energy audits, phase one and phase two assessments and alternative energy consulting. We are committed to working together to create cost effective solutions that create the greatest possible energy efficiency in all retrofits and new construction. B & A Environmental Services will provide lead, asbestos, and mold inspection. Through a rigorous testing process, B & A Environmental Services will determine what is needed to properly abate any lead, asbestos, or mold problems present. We are proud to say that both B & A Environmental Services and Walker-Miller Energy Services have hired and continue to hire graduates of the Detroit Workers for Environmental Justice Green Jobs Training Program. Property Management will be provided by Wingate Management Company, a local Detroit-based property management firm that comes highly recommended by tenants and landlords alike. Our proprietary “revitalizer” software was developed to track and handle all aspects of the development process from prospecting and tracking offers to due diligence and full construction oversight. The property “revitalizer” acommodates a high volume of information in easy to handle modules, enabling maximum control over every facet of project management. © Paradise Valley Investment Group, LLC 2009 TAB Good Standing Letter © Paradise Valley Investment Group, LLC 2009 © Paradise Valley Investment Group, LLC 2009 Please find good standing letters on the following pages. 6.Good Standing status relative to current open City of Detroit affordable housing projects © Paradise Valley Investment Group, LLC 2009 TAB Exhibit A Letters Of Support © Paradise Valley Investment Group, LLC 2009 © Paradise Valley Investment Group, LLC 2009 © Paradise Valley Investment Group, LLC 2009 © Paradise Valley Investment Group, LLC 2009