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CS_Courthouse Square
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Northblock- Miscellaneous
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Last modified
9/19/2012 4:29:28 PM
Creation date
8/16/2011 3:27:15 PM
Metadata
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Building
RecordID
10258
Title
Northblock- Miscellaneous
BLDG Date
1/1/1999
Building
Courthouse Square
BLDG Document Type
Project Coordination
Project ID
CS9801 Courthouse Square Construction
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"""+ WUFC GOGUMEt~It~- N~icC Mee~' Ghambsr.C,ow~nmant Aif+~ln Goecmftsa, y~0o I1 M. GFu~mbsr •••"• <br />Proce55 <br />We have tder+t~fied fau~ alt.ernative. courses of~acClort th~t are Ilke~y to bring about tihe <br />Identtfisd destred outcome6. ~ <br />Pracese ~#1: Cs?~petlth'e Bla for a 5ingle 8~1(dfng <br />The Gounty and Trans~L Distt'iot wlif~5eelc~a deveioper through the nortttal RFP Process. We <br />belfeve the goal5 of tihe bid proceas ~houtct be: <br />1. TO p~UGE a buildtng fully ocaupied ofer ~Che long term w(~h corr+pa~tbie tenar~ts and <br />bUSflte68e6. ' <br />2. A ftnanctal(y sound project - pt'odudn9 rsvenue for the Gounty atul trahsf~C Df~triet, <br />~ t~aking ~ pt'ofit for the devgtgPer. aLt.t~c'Ctng 51.1GGC88~1~ ~116~~e`r`.~6`'~ to the site, <br />enhanctng oppartunttte5~ foi other buatnesser tn 5alem, and prav(dfn9 comrrcuntty <br />enhancemsnt Including propet~y?~x r8venueg.. ~ <br />3. to flnd a develoPer wtth tnteqrity~~ftid caPaW~i~Y. <br />4. Yo the extent allvwed by law: gtve.prsferen~eto lacal developers. <br />Eree m~rket forces shoulcl drlve i~+h~Z occuts: on' ~hs North ~lock. We encourage settitng as <br />few b(d rec~uiremertts as poss(bfe. ~he most estpenshre rcal estate in S~lem 9hou[d not be <br />seen as a soclal enginear(ng opport~nlty. ~~(n~l•duls(ons must be made by thg developer tn <br />Ilght of tha maricet, wlthin'the reaeonabls parameter.s dict~s~Ced by the North 6tocKs proximky <br />to County 8r+d Ytan6iti ~ts~rtctf~cilfqes: ~ • ~ <br />Proce66 i~2: . MuFClple• Buf(dings <br />Whqe an tnci(vtd~al developer may And the'risk.for~a eingle butldtng too hlgh, Lhere may be <br />mere (ntecest In developing ~ 6ectton'•of.the:Narth 61ock bulldtng pad. <br />f'roces6 ~S: 5ubgldl~ed Development wlth a Bulldfng Residua! <br />7~here may be a way 'to treaCiv~~Y stru.CGure an at~t^~aru,~8me~ that m~ke5 tihe North Bbck <br />avattable to a develo ptr for 20-3~ Y~~ ~~ tFien ~ returns ~he space for public use. 5uch a <br />deal may tnvolve ieastng the (ated anil:'~Eii'(c(tig spateti to a developer for nom(nal coat, tedUGP.d <br />tnterest rat.es. andlor txx abatement~. 7he developer would tnves~ in the buttdtng and t'.hen <br />recover costs over the iengtti of ~he~~lease.~~?his ts not an ae(gtnal ide~: ths concept hae been <br />used prevtously. ~ . . ~ ~ _ <br />Yro,cess~ #4: . 4V ~alt arrd ~See <br />'Yhe North glock buildtrsg pad tould.~be :lanclscap~ed ~nd stripeil for eur~ace parktng urrttl the <br />Cpunty or 'frangtC Dlstrlct needs the space; ~or the demz~nd for private space tncreases <br />enough to Interest a desreloper. ~: <br />Dratt Psrs(an E,~ - P~ge 4 <br />
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