July 11, 2012

Certificate of Appropriateness in 2007. The Applicant was currently in the process of seeking a new Certificate for the amended site plan. Mr. Regan introduced Eugene R. Diaz, Principal, Prism Capital Partners, LLC, Mr, Diaz was sworn in. Mr. Diaz gave a brief history of the project. Originally, the Board granted project approval in 2007; in 2012, Prism made changes to move the project forward as rental units. The changes were to make the project more user-friendly to the rental population. The unit count had changed, and the unit mix had changed. Originally, the average unit size was approximately 1,200 square feet; the new plan had an average unit size of approximately 1,000 square feet. The unit finishes were the same as in the 2007 plan; including high-end lighting, cabinetry, fixtures and finishes. Mr. Diaz, said the amenity package had not changed; he described the amenities and mentioned that a swimming pool was still in the planning stage. The new plan added a rooftop deck that was not in the original package. Mr. Diaz reminded the Board that the plan was for an existing structure; he believed the new plan employed a better layout for the structure. Mr. Diaz said the streetscape had not changed, retail space had not changed, and the garage had not changed. Mr. Diaz advised the Board that Prism would be seeking federal tax credits for the project based on its historical status. Mr. Diaz concluded his testimony. Mr. Regan introduced David J. Minno, RA PP, Principal, Minno & Wasko, Architects and Planners. Mr, Minno was sworn in; the Board accepted him as a qualified witness. Mr. Minno confirmed he had prepared the amended architectural plans and would be referring to Exhibit A-1 —a Power Point presentation of the amended architectural plans. Chairman Bagoff requested a certified digital copy of the presentation be submitted to the Township for their records. Mr. Minno said the amended plan kept the bones of the original building; but there were specific changes to its character. The changes included an improved amenity area with a new roof space and an indoor pool. Every unit would have a laundry, and each floor would have a common space with larger laundry units and tenant storage space. Townhouses and penthouses had been removed from the amended plan; there was a new unit mix on the fifth floor addition. Mr. Regan asked Mr. Minno to confirm the

laundry units and tenant storage space. Townhouses and penthouses had been removed from the amended plan; there was a new unit mix on the fifth floor addition. Mr. Regan asked Mr. Minno to confirm the number of units and bedrooms. Mr. Minno said the original Edison building plan was for nine (9) studio apartments, the amended plan increased studio units to thirty-three (33); the original plan had one-hundred-twenty-one (121) one bedrooms, the amended plan increased one bedroom units to one-hundred-cighty-one (181); the original plan had one-hundred-twenty-eight (128) two bedroom units, the amended plan decreased two bedroom units to eighty (80); and the original plan had eighteen (18) three bedroom units, the amended plan decreased three bedroom units to six (6). The residential over retail mix of twenty- two (22) one-bedroom units and twelve (12) two-bedroom units had remained unchanged from the original plan. The interior courtyard townhouses consisting of eleven (11) three-story, three bedroom units, had been removed from the amended plan. The parking deck was screened, and there was more defined landscaping space. There was a slight increase in the number of parking spaces. ‘The original plan was approved for 631 spaces; the amended plan had 642 spaces. Mr. Minno said that pedestrian access to the property remained unchanged. Mr. Minno also described the cell equipment details; the details are essentially unchanged from the prior plan with the exception of an added 12-foot high screen, Mr, Minno referred to Exhibit A-2 - Material Board, to describe the construction materials including brick of varying color, brushed aluminum, fiber cement exterior cladding and fabric awnings. Mr. Minno concluded his testimony. NAPLANNING. BRDWPUMINUTESI2012\7-11-2012 Minutes.doc 4