Revitalization Commission Agenda and Packet 2014 03 10

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Revitalization Commission Nlinutes February 10, 2014 Page 4 of 4 Implementing the infrastructure in phases changes aspects of the DELO Term Sheet. Each phase will have closing conditions in the term sheet. A method to phase the Bonds is to approve the full amount but release funds in phases. o Phase I can start immediately. Phase II will require easements and cooperation from Comcast and Tebo. TIF cap is $4m but the Bonds will be written with what underwriters feel is reasonable Commissioner Lathrop asked: long term, what if Phase I is the only phase completed. Brew said Public Works is diligent that each phase works independently. o Chair Becker would like to understand more of the right-of-way concept. o Commissioner Lathrop said the bonds sold need to be commensurate with the infrastructure. o Light said it would be helpful to have a bond underwriter come to a future meeting. h. Referral — Coal Creek Station PUD o This is an opportunity for the LRC to provide comments to Planning. This will be present to Planning Commission in April. All waivers to zoning have cleared in preliminary. Members asked for a draft support letter for the next meeting. Public Comments: •None Commissioners' Comments — •None New items for Next Meeting March 10, 2014 •Sign for Gateway •Parking study update (April) •Draft construction liability letter •Updated schedule for quiet zone Meeting Adjourned at 9:05 AM 5