Development Team Meeting Notes (96-99)

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Mechanical/Electrical Issues Byron reported that all pre-e~sting plans and designs have assumed high quality systems and not gone with standard pricing. They are not matching the push to good solid value. We need to convey this message to the designers we aze working with to get them looking at good solid value in their efforts as well. We don't want to throw away what has been done to date, but give the owners options to pick and choose. Bryon can handle defining a proper level of specs to set a benchmazk in a meeting with Interface. Bob McCune needs to be included in these meetings. Basic systems need to be identified in order for Dave to price out costs. Pence/Kelly will need to know assumptions for standards on mechanical and electrical in order to work up budget pricing on the 4 and 5 floor versions by ne~rt week. Dave went through cost analysis prepared using 9 options (3 floor versions each with 3 treatments) of skin treatment. It pencils out to roughly $200,000 difference between the schemes. Alan briefly went through the schemes and drawings they had worked on during the past week. The 5 story version still has some public plaza. The bus mall has not changed, just a variation in the northem side of the bus mall. Streetscape would run through the block in a continuous pattern. The future development space would have a 48 foot depth for retail on first level and e~end out to canopy arcade on the upper floors to a depth of 60 feet. There are questions surrounding how much of the north wall transit would need to build if we start before the retail phase. Answers will come from the RFP's submitted by developers for the retail phase. ~ Additional discussion occurred regarding the outside design by increasing masonry hard surface and decreasing curtain wall system. We are looking for the best of both worlds and can work through this area. The glass/brick mix will ultimately be dictated by costs. The team looked at different treatments and options from Arbuckle's drawings that PencelKelly used to generate their numbers. Included in Dave's numbers was the back up documentation of what went into the 28 foot bay from the 2°d floor up. Dave and Leonazd walked through the different options using 4, 5 and 6 story versions. The 4 story version came out at $30.92/s£ Dave used the skin square footage to calculate total skin costs for comparisons using 4 sides to the building from the 2"d floor roof line for an average. A fourth option of skin treatment came up and MNIDC would like to see a break out on costs for this option as well, using a m~imum of vision glass while increasing brick. Reduction in cost per square foot is important for the county. We appear to be increasing the quality of the skin without increasing price at this point. We want to also replicate the same character on the north side of the south tower and address this issue in the south side of the retail development phase as well. Time frame developed calls for Pence/Kelly to have overall project pricing between 4 and 5 story versions by next Thursday. Tenant improvements will need to be firmed up as well. MNIDC will have enough information to put together performa. If we are in the ball park, we can go to the next step. This should take us the ne~ two weeks to complete. ~ Page 4 of 4