25C - AGMT - NEGOTIATING AGMT YMCA

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YMCA Agreement — Renovation /Reuse September 16, 2014 Page 3 Economic Feasibility: Developer will conduct an economic feasibility study which will be evaluated by an independent financial consultant, compared with the proposed scope of work and used as the basis for any City financial assistance. • Environmental Reviews: City and Developer will agree on appropriate environmental reviews at developer's expense. • Entitlements: The City will work cooperatively with the developer to identify any approval requirements related to the development team including any zoning, parking requirements and conditional use permits. City will provide guidelines and community assistance which are applicable to the rehabilitation or new construction including signage, setback, special uses, and urban design features. • Historic Rehab Requirements: Developer will meet and confer with the City's Historic Preservation Planner who will furnish developer with historic rehabilitation guidelines to ensure historical preservation requirements are met. • Project Budget: Project Budget will be developed containing details of each type of expenditure and the applicable sources of funds. • St. Joseph Rehabilitation Team: St. Joseph Rehabilitation Team will be required to have experience with historic rehabilitation. • Parking Payments: The existing lease with Sycamore Parking will not be terminated. Developer will provide the City an estimate of the parking spaces required by the developer. • Reimbursement Agreement: As stipulated in Reimbursement Agreement, the developer will pay up to $40,000 of the costs of the City's consultant, to be determined by the parties. City staff and the developer will work diligently over the next several months to negotiate a strong development agreement which will comprehensively take into account all of the deal points mentioned above. 25C -3