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. 05/2,6t1998 2~:22 5632894145 RS CLEMENTS PAGE 0~ , a3~ ~ ~~ ~ ~° ~ The tive-sto of~'ice buildin will be lacated at the south en of the block. ~~` ry ~ ~ Approximately 90% of the o~ice will he occupzed upon com letion. Tenants will inciude Marion County, which will occupy approximately , rentable s uq a~2c~,~(~, feet ("rsf') of office and Transit, which will occupy appro~-imately ~rsf of o.fficelcustomer service vperations/retail space. Additionally, the owners will share an approximately r?£~6 rsf con£erence center. ~.'» SZaS t~ ~33 It is anticipated that the building will also have approximately 1 rsf of speculative space that will eventuxlly accommoclate the County's long-term expansion ne~ds. a3 ~-~ z q .s.-~, The 'Praject will have a subsurface parl:in~ levei that runs approximately 3~4-~ee~t und~r the office building and transit mall. Th~ parl+.ing level will contain 258 stalls which will be share by owners and future tenants. The bus mall, sidewalks and other public areas around th~ 1'roject will have upgraded finish~s in the form of pavers, covered walks, benches and planters. The office building will be constructed on an elevated slab. Construction will be of post tensioned concrete with a red brick ~xterior. Funched windows will run alon~ the length af each building face with some feature bay windows at the front and side entrances. The Project currently reflects a twa-story lobby space, which will provide separate access to the public (transit) and private (Qffice) components of the development. The Ownez's have retained Melvin Mark Development Co. as development consultant though plan development and as construction manager during the construction phase. ~inancin .g Pl~n The proposed financin~ will finance the County's portion of the Pr. oject. Transit's porti.on is .fully funded. The County anticipates utilizing Certificares of Participation to finance its portion of the Project. The Certificates of Participation repr~sent undivided interest in the County's obligation to make principa( and interest payinents under the Indenture and the Financing Agreement. The Cnunty's obli~ation to make such principal and interest payments is limited to lmounts duly appropriated each fiscal ~year by the County Commission (that is, the obli~;ation is subject to annual appropriation). The County's obligations under the Indenture and Financing Agreement are secured by a first znortgage on the County's condaminium interest in the Project. IIond Counsel in this transaction is Mr. Edward Einowski, Esq. of Stoel Rives, LLP of Portland, Oregon. Court.tiouse Sc~uare • Uizderwriter RFP