Courthouse Square Agreements (compiled notebook)

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In order to execute the development agreement, the parties require additional ~,,, information concerning budget and design, which will be forthcoming by the end of September. Therefore, the Director of General Services is asking the Board to consider adopting a resolution approve the development agreement and authorizing him to fill in the numerical data and to execute the agreement on behalf of Marion County once the necessary fiscal and physical information is available. If the Board approves the resolution, its action will approve the basic form of the development agreement, which includes a condominium declaration, condominium bylaws, and ground lease, between Marion County and the Salem Area Mass Transit District. No change can be made in the substance of the agreement without further authorization of the Board. The resolution requires the director to report his actions immediately to the Board. The development agreement commits the county and the district to: Build a joint use office building, joint use hearing room, transit mall, parking garage, and reserve land for commercial retail development; 2. Jointly select an architect, general contractor and project manager; 3. Jointly approve a design and budget for the project; 4. Jointly select a private developer; Jointly oversee construction through a review committee; and 6. Manage the completed project as a condominium. The condominium declaration commits the county and the district to: 1. Create condominium units for ownership of specific portions of the building, which each would own, including a limited common element parking to be ~, associated with each unit; 2. Operate a joint use hearing room as a common element of the condominium; 3. Operate public parking and the plaza as common elements of the condominium; 4. Jointly operate the entire condominium through an association; 5. Operate the condominium by unanimous consent of the district and the county appointed directors; ~ 6. Offer each other first rights of refusal in the sale or any condominium unit;