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_ ~ <br />THE TRANSIT DISTRICT HAS BEEN A KEY <br />PARTN ER 1 N TH E PROCESS <br />O R E G O N I <br />/ Terms of the Partnership are Speci~ed in an Intergovernmental Agreement: <br />• Parties will Move Forward by 211/99. Conditions Precedent are : <br />`:~ ~r Obtain Firm Bids <br />~ County Secure Financing <br />/ The Entire Project Will Sit on the Senator Block <br />/ The Project Will Proceed Through a Project Coordinator- One for Each Party <br />/ Transit and the County Own Land as Tenants in Common <br />Upon Completion of Project Ownership Divided by Condominium Interest <br />/ Project Fund~ng : <br />Certificates of Participation <br />Transit District <br />City of Salem, Urban Renewal <br />Miscellaneous Sources <br />$ 22,000,000 <br />9,800,000 <br />2,000,000 <br />~~ <br />Total <br />~ 34,000,000 <br />I-3 <br />r-~ <br />