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December 10,1986 dfr SII <br /> n MoW[[yi,s 1/3 standard improvements (east aids <br /> only) <br /> fronting the Florist and <br /> all intersecting aide streets generally back from evergreen <br /> Nay to the end of the Evergreen Hay frontage ownership. <br /> • Strong stated several m etings have been held with property <br /> owners in the area to a 1n d [mining the cope of the <br /> i The main concerns are the reduced parking; the c <br /> of p the improvements and the cinequities,that a large[are needs oto <br /> be included in Lhe L Tpe pe 7,%t oP protest a this area C 1s <br /> lees than ci The a hod for t e final a rill <br /> x111 be special benefits.review <br /> ma Gated an independent property. 11 <br /> be hired o go out and revved each individual piece of property. <br /> • Strong stated that Harper McLean has been hired to do the <br /> long-term underwriting of the roject and willalso be doing the <br /> interim financing. Right n x short tem notes a out 69 end it <br /> is expected that long term bonds mill term <br /> for 2 the first <br /> payment de expected Go be un than 1989. The years, <br /> amount <br /> costs. <br /> • he long term interest no expected to be 88, bailed on todas v e o Ag a tlstntdonethamt g seting xes held Th riGhels <br /> expressed support and they desire that the Evergreen W edeni <br /> signing that was begun on the Southpoint project be carried on in <br /> the Gateway project. She stated that everyattempt was made to <br /> contact the property owners, requited by state statutes and <br /> additional copies have also been distributed. <br /> She stated there aresome special issues <br /> ug' project• a sensitive and will be analyzed during environmental <br /> beiew <br /> use <br /> g <br /> n to <br /> i done before they ac n be theser perly c red,gltherinvironmental <br /> eview will be accomplished a a parallel rp then engineering <br /> design rather than before the LID formation process <br /> The different <br /> timing vial save the City thousands of dollars in the event <br /> project full does[not proceed ahead and 1t allows these special hues to <br /> water/drainagehave astorm <br /> • realignment of the Wilmington Avenue/evergreen say <br /> intersection <br /> Gateway sign location <br /> e plane for this project mill be presented to City council roe <br /> approval atter Lhe completion o£the design pork. <br /> nnle erlckaon, in9 acts[, sated the has <br /> mal land lr designation and sit La piecemeal <br /> fashion.ty do the <br /> improvements a mentally rather than e a piecemeal <br /> stated the improvements should stimulate economic development and <br /> existing businece refurbishment. <br /> r <br /> Calla Strong introduced the following exhibits for the record: <br />