Item B: West Broadway Development Update

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City's Role in Parking The City of Eugene would buy, own and operate 455 public parking spaces to satisfy the demand for retail parking and to provide additional parking for residents. Estimated Value of Completed Project The estimated value of the completed project is $165,000,000, including the value of the city owned parking. Opus Northwest Resume The Opus Group was founded by Gerald Rauenhorst in 1953 in an effort to find a better way to do business. A "better way" meant building a business on principles of fairness and honesty. It also meant creating a model that would combine design and construction in a turnkey approach, consolidating responsibility for every aspect of a building project from concept through completion. This approach resulted in a savings in time and money for our clients. Today Opus continues to create high quality building of all sizes and types, on time and within budget. Opus is a vertically integrated design-build developer offering in-house experience in real estate development; architecture and engineering; construction; property and asset management; and financing, leasing and sales. Opus Group was named the Number One Industrial Developer and the Number Two Office Developer in the United States by National Real Estate Investor in 2004. Our areas of expertise go beyond the office and industrial markets to include significant multi-family, mixed-use, retail and institutional expertise as well. From its inception in 1953, the Opus Group has grown and expanded to include 1,400 dedicated professionals in 29 locations in the United States and Canada. The Portland office was established in 1994 and has steadily built its reputation as one of the leading developers in the region. With roughly twenty professionals on staff seasoned in real estate, architecture and engineering, and construction, our local team has completed approximately 3.5 million sq.ft. of real estate development. 12120/05