Development Team Meeting Notes (96-99)

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Dan explained that, at $301,000 per block face, the Streetscape plans do not includ' lighting, only pavers and trees. RG asked if the end product is comparable to what the cit~y wants. Alan ~ responded that the city hasn't been asked. They may not even buy into the pla.#~s. Randy reported that there may be lottery money available for urban development ' hich he would like to use for Streetscape. He suggested that we could then go to the city fo~j funds. If they will contribute money for Streetscape, we can do more. ff they will not give a.~y money, then we will go back to our original plan. Rachel said that the clock tower cannot be paid for out of Streetscape. Kandy asked what would be the minimal price for the clock tower, p vers, trees and lighting if the city is not a participant. With that cost in mind, if the city wants t improve upon the plans, they can contribute money. I Alan said that they have looked at (on the courthouse and retail side) pulling the cplumns out and creating more usable space. This eliminates the hard surface back wall, which will increase space and drop the shell cost, but would continue the weather protection all the vlvay around the structure. Recesses would be at the back end. ' RG asked when we should be broaching the issue of the standards for Streetsca~ with the city. Alan said that he sees that there is still a team attitude here, but if the city does 't want to be a player, they shouldn't have a voice. Randy stated that at the minimum he w~uld like to get lottery money for some of the expenses of Streetscape. It may not be enough to ~over the entire cost. ' Shell Costs ' Dan said he is taking out the cost of building an 80 foot span over the mall. T e performance bond cost is also being taken out ($250,000). Randy said that this is raising s~me flags. The attorneys aze saying that when this is done, he (Itandy) must be able to prove ~hat Dan's costs have not been added back in. Dan said that what this means is that the three p~arties are going to have to sit down and work out the actual costs for each party. He said that the private portion cannot be built with a shell cost of $75.OOsf. In order to keep the cost down, e have to look at the other options. The goal is to get the shell costs down to a manageable 1 vel. Either by: 1) redesigning the building; 2) begin to shave things off the cunent design~ 3) review the materials and scale down. Dan said that it can not be construed/appear in y way that the county and transit subsidize this project. He is going to be looking at the build~g design to see what azeas should the contributed to specific parties. ~~ Curt explained that we aze dealing with 190,OOOs£ Dan said that the challenge di the team is to reassess who pays for what areas. He also wants to sit down with bond coun~el to determine ways to assess costs to the county, to reduce the cost of private space. ', RG asked why the building is still costing $30.00 more a square foot, if we hav ~ already pulled ~ items out of the original design. Dan asked Curt to address this. Curt said that m ket conditions are a lot different than was anticipated. Bids aze coming in considerably igher than was originally anticipated. Other design features, such as the fact that the b ilding is not a square/rectangular building anymore, have added to the cost. Also, because th design is for a ~,, total block, some areas are costing as much as the building (indicating the plaza~. Dan said that