Demolition Documents (compiled notebook)

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3. That the City receive detailed financial information about the project, including the particulars of the arrangement between the private parties and public entities. ~ Marion County/Salem Area Transit Joint Development are presenting items 1 and 3, listed above, for the review and recommendation of the Downtown Development Advisory Board. Item 2, listed above, requires no further action. Measure 50 has been implemented and the urban renewal programs successfully funded. FACTS AND FINDINGS: Cost Estimate. The proposed improvements for which Marion County/Salem Area Transit request urban renewal participation are detailed in the request previously distributed to the Board. In summary, the elements proposed for participation are estimated to total $1,996,049, as listed in Attachment A. The cost estimates have been developed by a professional estimator and are presented to illustrate the magnitude of each element of requested participation. Actual participation should be limited to the cost of construction derived from a public bid process and paid as a reimbursement to Marion County/Salem Area Transit as construction progress payments are made to the contractor. ~lements of Participation. The request for participation is generally categorized into three segments - Streetscape Elements, Supplemental Streetscape and Reimbursements. Streetscape Elements The majority of projected participation costs are the elements associated with streetscape improvements. The specifications for hard surface improvements and the architectural design have been reviewed by staff and found consistent with existing streetscape improvements. The specificarion for pavers has been modified to a full-depth paver to eliminate buckling and cracking to reduce future maintenance costs. ~ The largest component of the streetscape is the element described as an Arcade/Pavilion fronting High and Church Streets. This element, depicted in the attached diagram, is located on the development parcel adjacent to but outside of the public right-of-way. The proposed improvements consist of a series of structures linked with overhead "weather protection". Located at the bus entrances on High and Church Streets are two engineered truss structures designed to support weather protection, each spanning an approximate 75 foot distance. The resulting arcade effect is consistent with the concepts of the core area design standards. There is a policy issue concerning participation in the arcade/weather protection located on the development parcel. To date, the renewal program has limited its participation in weather protection systems to a maximum of $160 per lineal foot of awning/marquees attached to a building front extending over the sidewalk/right-of-way. The~ awning system attached to the arcade structure and building facade on Court Street are consistent with the existing program and are estimated to be approximately within the participation cost. Although consistent with the objectives of the urban renewal plan, the Agency has not previously funded systems outside the right-of-way located on a development parcel. Due to the unique nature of the proposed public development of the block and the design constraints imposed by the bus access, staff supports funding the arcade element fronting Church and High Streets. Furthermore, the location of the arcade outside of the right-of-way will provide a larger weather protected area without subjecting the City to a maintenance liability.