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Item B: West Broadway Project Update
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CC Agenda - 04/25/07 Work Session
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Item B: West Broadway Project Update
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6/9/2010 1:17:28 PM
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4/19/2007 8:40:17 AM
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City Council
City_Council_Document_Type
Agenda Item Summary
CMO_Meeting_Date
4/25/2007
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Attachment F <br />Option 2 Timeline: Select Beam Development <br />URA Selects Beam <br />th <br />April 25 <br />Expiration of Option on #15 <br />Renew Options on #11 & #12 <br />th <br />April 26 <br />$50,000 (applied to purchase price) <br />Public <br />th <br />Participation: <br />April 26 <br />ongoing <br />through project <br />planning <br />Define Financing Strategy <br />May 2007 to <br />May <br />October 2008 <br />City participation less <br />City participation greater <br />than $4M <br />than $4M <br />Use Cash <br />Section <br />Amend Downtown <br />Section <br />(Urban Renewal <br />108/BEDI <br />Urban Renewal <br />108/BEDI <br />or Other) <br />Plan (130 days) <br />start in May <br />Expiration of Option on #4 <br />nd <br />May 22 <br />Public <br />Public <br />Hearing <br />Hearing <br />May <br />May <br />CC/URA Initial <br />OK May <br />Resolution <br />Resolution <br />By June <br />By June <br />Expiration of Options on #10 & # 8 <br />15th <br />15th <br />th <br />September 15 <br />URA gives OK to <br />HUD <br />CC <br />HUD <br />Approval <br />July <br />Approval <br />(~75 days) <br />(~75 days) <br />By <br />By <br />September <br />September <br />CC Ordinance <br />Expiration of Options on #5 & #7 <br />September <br />th <br />September 19 <br />URA Final Project Approval & CC Budget Authority <br />September <br />Expiration of Option on #6 <br />September 25th <br />Sign Purchase & Sale Agreement <br />September <br />Expiration of Option on #9 <br />th <br />October 19 <br />Purchase #11 & #12 <br />($2.8M & $1.9M) <br />th <br />By October 26 <br />Project Planning <br />October 2007 to October 2008 <br />Permitting <br />October 2007 to January 2008 <br />Construction <br />January 2008 to January 2009 <br />Urban Renewal Revenues <br />start FY10 <br />
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