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B. Transit stays on Senator Block site to develop downtown transit center and County moves its County Service Ceater to another location? Transit would need to negotiate with County to convert 42% undivided interest in Senator Block to specific ownership and obtain additional property from County, if necessary. 2. Marion County and Salem Area Transit must pay off all outstanding contracts for demolition, abatement, relocation, contamination mitigatioq architechue & engineering, project management, legal, and financial and environmental consultants. Because the County would not be issuing revenue bonds its portion of these expenses would have to be paid from the County's general fund. Some of Transit's portion may be eligible for federal gant financing. 3. Transit would need to retain and fund an architectural consultant and begin design of transit facilities to fit transit owned property footprint. -~- 4. County would need to move County agencies out of the Courthouse to accommodate the State Circuit Courts for Marion County, and provide permanent facilities for departments temporarily housed in the Best building on I.ancaster Blvd. 5. County and Transit would lose cost-sharing potential wluch would have been inherent in the joint Courthouse Square de~~~lepment. 6. Transit would need to negotiate with others regarding whether or not underground parking option should be considered prior to building of transit facilities and whether or not partnering in the design and use of the site would be necessary to reduce inefficiencies in land use. 7. County may choose to retain its portion of the Senator Block for future use or may sell it at current reduced market value. S. Marion County would have to repay the internal loan from the solid waste management fund from General funds. 9. Transit would need to negotiate with City regarding streetscape financing. cn2 •wn~t irr ~ns~a 3 Page #