Development Team Meeting Notes (96-99)

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not how they did business. The so-called critics may not have known what the leading questions were and not told the inquiry applied to Courthouse Square project. Some agencies may come back and tallc about benefits of this process. Let's make sure we have e~lored all options and not abandon GMP for ~ competitive bidding if it is of equal value. Billy added that 7ohn Yunker and Maynazd Hammer, with the state, during recent meetings flat out said from the state's perspective, a GMP is not very good and didn't recommend we do it this way. There is a lot of pressure coming on this issue. Billy's first step is to understand the project before he carries out his advisory steps. How far is Pence/Kelly from telling us what the price is? We have a preriy accurate budget to date. The proforma from Melvin Mazk is based on information supplied by Pence/Kelly. Curt still needs the DD drawings before he will sign a bottom line GMP. Arbuckle needs 8 weeks to get DD drawings; then Pence/Kelly needs an additional3 weeks. So we aze looking at 11-12 weeks from the date of the boazds' approval to get to a final GMP. Our assumption was the county would mitigate the site during this time. Alan commented on the private retail portion and RFP process goal would be to factor in this aspect as well. It could be the same team members or a different group to do retail. Billy asked how add-alternates fit with this style? Curt has been recommending this all along. Build a basic building first and then have added alternates, while still bidding all phases of the work. How faz down did the discussions go in the county? These discussions did not go beyond Randy and RG. Parking as an alternate went below Randy and to the team. RG added that based on the proforma, pazking is the only thing not included. It is in budget at $1.30 square foot with everything, including 258 spaces. It could upgrade offices or hearing rooms. Randy added that the TT allowance would be dealt with later on. How do you commit to certain alternates not knowing the costs of building, without any undue financial risk? Curt replied you don't. It is referred to as fast tracking. The stages don't begin until in advanced DD stage and final GMP price. A question was raised about the critica130-60 day period mentioned earlier and how will that play out? Billy responded he will be getting a comfort level, getting both boazds to say yes, getting the azchitect to provide DD's. Any specific things being addressed in this time frame? We will be getting our e~rtemal committee together. Randy added that the pazking issue must be resolved as to size and impact to budget during this time. We have spent lots of time covering this issue. Alan raised issue about private portion of block, putting additional parking underneath and limitations it would put on any structure above it. There would be significant implications in rest of the design. Dan added stopping the underground pazking at the bus mall boundary simplifies the process. It is better for fmancing, gives better flexibility to perspective private developer and gives better options for county/transit ownership of the site. How difficult is it to split this private/public issue and run on para11e1 tracks? They could be on different tracks. The goal would be to have both completed at same time. There is a lot of benefit for the private section to be on an independent track. RG added the benefit of the same track would be to find someone who wanted underground parking and would be willing to pay for it. That would lower cost of a11 spaces. Billy and Dan both added it is highly unlikely to fmd a private developer to buy into ~ this. Dan added that it needs to be set up with flexibility if the private side does want to e~and underground pazking it could be done. Additional discussion followed conceming possible political hurdles and public perceptions regazding the parking issue. Page 4 of 6