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Page 13 of 19 residents increase their use of public transportation and reduce car ownership.At Thornton Place,over 20%of the residents do not own a car and use of a public transportation pass has increased from 16%to nearly 80%.The residents of the new development will reduce their vehicle operating and ownership costs, and reduce congestion externalities and accidents risks.Taken together these cost savings(discounted to present value) are in excess of$5 million. The estimated public investment from this grant application is$1 million; making the cost benefit ratio 5:1. The Northgate TOD Catalyst Investment Strategy will build on the full range of experience that each partner brings to the project, and will leverage key resources to deliver a model for successful and innovative TOD in the Puget Sound region. The Northgate Working Group will oversee this task. • Task C1.1: Northgate Transit Center TOD Site Pre-Development(Spring 2011—Spring 2013) • C1.1.1 Determine Study Area. May 2011 • C1.1.2 Map Existing Conditions. June 2011 • C1.1.3 Review Current Policy Direction. June 2011 • C1.1.4 Develop TOD Approach. October 2011 • C1.1.4b SEIS Support. November 2011—March 2012 • C1.1.5 Prepare Development and Design Concepts. April—June 2012. • C1.1.6 City Legislation. July—September 2012 • C1.1.7 Property Analysis of Gross& Net Development Area. May 2011 -July 2011 • C1.1.8 Housing Analysis:Affordable&Market Rate. March 2011 -February 2013 • C1.1.9 Analysis: Retail and Commercial Space. March 2011 -May 2011 • C1.1.10 Traffic Study. March 2011 -June 2011 • C1.1.11 Phasing Plan. March 2011 -June 2011 • C1.1.12 Parking Replacement/Management Plan, March 2011 -May 2011 • C1.1.13 Financial Analysis/Public Fund Sources. March 2011 -April 2011 • C1.1.14 Private Equity Analysis. March 2011 -April 2011 • C1.1.15 Prepare Final Plan. June-August 2012 • C1.1.16 Additional Site Pre-Development to follow. March 2012-February 2013 • C1.1.1 Health Impact Assessment. February 2011 to March 2012 • Task C1.2: 1-5 Pedestrian Crossing(Spring 2011—Winter 2013) • C1.2.1 Station Design (Integrated Bus/Rail Facility). March 2011 -April 2011 • C1.2.2 WSDOT I-5 Pedestrian Bridge Parameters. March 2011 • C1.2.3 Conceptual Design Renderings&Agency Review. March 2011 -May 2011 • C1.2.4 Community Review Process. May 2011 -July 2011 • C1.2.5 Additional Multimodal Station Access Work to Follow. March 2012-February 2013 • Task C1.3: Grant Administration/Project&Program Management(Spring 2011—Winter 2013) • C1.3.1 Project/Program Coordination. February 2011 -February 2013 • C1.3.2 Transfer of Development Rights. February 2011 -February 2013 • C1.3.3 King County Executive Office Oversight. February 2011 -February 2013 Metrics and Results: Multiphase Development Master Plan; Supplemental Environmental Impact Statement; area rezoning for greater mixed use and density; geotechnical and housing market analyses; and pedestrian crossing and bicycle-pedestrian access conceptual pre-design. Page 13 Cooperative Agreement Instrument No.WARIP0042-10