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B. Transit stays on Senator Btock site to develop downtown transit center and <br />County moves its County Service Center to another location?' . <br />; <br />~ 1. Transit would need to negotiate with County to convert 42% <br />undivided interest in Senator Block to specific ownership and <br />obtain additional properiy from County, if necessary. <br />2. Marion County and Salem Area Transit must pay off all <br />outstanding contracts for demolition, abatement, relocation, <br />contamination mitigation, architecture & engineering, project <br />management, legal, and financial and environmental consultants. <br />Because the County would not be issuing revenue bonds its <br />portion of these expenses would have to be paid from the <br />County's general fund. Some of Transit's portion may be <br />- eligible for federal grant financing. <br />3. Transit would need to retain and fund an architectural consultant <br />and begin design of transit facilities to fit transit owned property <br />footprint. <br />4. County would need to move County agencies out of the <br />Courthouse to accommodate the State Circuit Courts for Marion <br />County, and provide permanent facilities for departments <br />temporarily housed in the Best building on Lancaster Blvd. <br />5. Counry and Transit v~~ould lose cost-sharing potential which <br />would have been inherent in the joint Courthouse Square <br />development. <br />6. Transit would n~ed to negotiate with others regarding whether or <br />not underground parking option should be considered prior to <br />building of transit facilities and whether or not parmering in the <br />design and use of the site would be necessary to reduce <br />ine~ciencies in land use. <br />~ 7. County may choose to retain its portion of the Senator Block for <br />future use or may sell it at current reduced market value. <br />8. Marion County would have to repay the intemal loan from the <br />solid waste management fund from General funds. <br />9. Transit would need to negotiate with Ciry regarding streetscape <br />financing. <br />Ch2 "What if?" 1/29/98 3 <br />Page # <br />