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Committee members will review the map boundaries and notify staff of any major changes/suggestions. A meeting update regarding The Depot will be provided by Pat Whitaker. 7. PROJECT UPDATES a) 4T" Street Pushcart Status - Staff visited the vendor to see how production was progressing. This is a custom order, which takes longer; however, the builder will try to expedite the order. Completion is still anticipated to be February or March 2006. b) SC Gas Buildina The Orange County Children's Film School are still interested in is yet to be made. Therapeutic Arts Center and the Chapman possibly occupying the building. A decision c) Phase III Olson Lofts Status To date, there is no proforma as yet and density is still an issue. The Olson ~ Company notified staff that a new team is being assembled to review the issues and will report their findings in about a month. Staff will look into the City conducting an audit. A discussion ensued regarding the dirt parking lot. Public Works and Planning and Building will contact the Olson Company with a possible solution for the time being. d) Otis Building Update Pat Whitaker contacted Rikki Zuckerman, owner of the Otis Building. Ms. Zuckerman requested a letter of commitment. A bench has been purchased. The City is waiting until the entire building is painted before moving forward. Staff will continue working on this issue. e) Construction of Archway Sign on South Main Street Based on research conducted by staff two feasible locations were selected - (1)approximately 25 feet north of Walnut Street and (2) approximately 50 feet north of Broadway. The sign will span across Main Street at an 18 foot clearance from the center of the roadway. The cost for the two archway signs is $1.5 million. This cost includes design, graphics design, sign fabrication City Council Committee on Main 3 November 3, 2005 Street Development -Minutes 13B-8