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Committee member Benavidez questioned the funding of the waste rate adjustment <br /> and bond adding he is glad staff is being proactive with proposed plan and looks <br /> forward to his individual meeting. <br /> Chairman Sarmiento asked staff to review issues that were done well from a <br /> previous process and to look at missed opportunities and make improvements. <br /> 3. UPDATE ON ADULT EDUCATION CENTER AT CENTENNIAL PARK {Strategic <br /> Plan No. 5, 4A} <br /> Parks, Recreation & Community Services Executive Director, Gerardo Mouet <br /> provided a presentation on the Adult Education Center located in Centennial Park <br /> noting the lease with the owner, federal government, expires in November 2019. Mr. <br /> Mouet discussed the limitations on the current lease and the need to explore other <br /> options. As an alternative, the City is looking at one or two land exchanges that <br /> could allow continued use of the property. Mr. Mouet noted if land exchanges are <br /> approved, it will come back to City Council to negotiate a long-term lease with the <br /> Santa Ana College. Mr. Mouet noted the Council was updated on this option at the <br /> April 5, 2016 meeting. <br /> Committee member Benavides inquired on the request and process to the National <br /> Park Service. <br /> Chairman Sarmiento asked about the project timeline. Mr. Ron Ono responded that <br /> staff anticipates sending a proposal to the City Council in August. <br /> 4. THIRD & BROADWAY PROJECT UPDATE {Strategic Plan No. 3, 5A} <br /> Planning & Building Agency Executive Director Hassan Haghani provided an update <br /> on the Third & Broadway project noting staff is reviewing documents submitted by <br /> Caribou Industries to evaluate their ability to deliver the project. <br /> Mike Harrah, Caribou Industries, introduced architect Michael Bohn from Studio One <br /> Eleven and lender Kenny Gap with PennyMac who is providing financing for the <br /> project. Mr. Harrah noted they are addressing questions on the documents that <br /> were submitted. <br /> Michael Bohn provided a presentation on the proposed development and displayed <br /> various images and views, diagrams, heights of the buildings, the residential tower at <br /> Third & Broadway with office, retail, lofts, active courtyard, restaurant, community <br /> room and passive courtyard; the hotel located at Third & Sycamore with roof deck, <br /> courtyard and hotel café. Discussed the two levels of parking with 225 stalls <br /> dedicated for public use, 160 stalls for residential use and parking for hotel <br /> component will be on stackers with valet service. <br /> Development&Transp.Council Committee Minutes 2 April 18,2016 <br />