Project Analysis and Feasibility Report (2)

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B• Transit stays on Senator Block site to develop downtown transit center and County moves its County Service Center to another location?' ~ 1. Transit would need to negotiate with Count to convert 42 y % undivided interest in Senator Block to specific ownership and obtain additional property from County, if necessary. 2• Marion County and Salem Area Transit must pay off all outstanding contracts for demolition, abatement, relocatian, contamination mitigation, architecture & engineering, project management, legal, and financial and environmental consultants. Because the County would not be issuing revenue bonds its portion of these expenses would have to be paid from the County's general fund. Some of Transit's portion may be - eligible for federal grant financing. 3. Transit would need to retain and fund an architectural consultant and begin design of transit facilities to fit transit owned property footprint. 4. Counry would need to move Counry agencies out of the Courthouse to accommodate the State Circuit Courts for Marion County, and provide permanent facilities for departments ~, temporarily housed in the Best building on Lancaster Blvd. 5. County and Transit w~ould lose cost-sharing potential which would have been inherent in the joint Courthouse Square development. 6. Transit would n~ed to negotiate with others regarding whether or not underground parking option should be considered prior to building of transit facilities and whether or not partnering in the design and use of the site would be necessary to reduce ine~ciencies in land use. ~ 7. County may choose to retain its portion of the Senator Block for future use or may sell it at current reduced market value. 8. Marion County would have to repay the intemal loan from the solid waste management fund from General funds. 9. Transit would need to negotiate with Ciry regarding streetscape financing. Ch2 "What If?" i/29/9s 3 Page #