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General Parameters <br />® Grants <br />- Will apply for city-Ietl project <br />- May apply for developer-led projects <br />- Priority is given to city-Ietl project rf required (o rank <br />Questions... <br />Introduction to McGough/PIK Proposal <br />McGough Development's proposal would be <br />designed/developed as a corporate campus and <br />include: <br />- 2, 6-story office buildings (475,000 sq. fl.) <br />- 1-story laboratory facility (100,000 Sq. fl.) <br />- Two palling snvcWres <br />.3~sfory sfrvcrure (530 spaces) <br />• 4-story sWCW re (903 spaces) <br />General Parameters <br />® Tax Increment Financing <br />- Developer-Initialed Requests <br />e Pay-as-you-go Financing <br />. Minimum fnancing for the sM1Otlesf possible periotl <br />- Clty{etl ProjeIX Elements <br />e Upfmnf Capitalization <br />Financial Consultant <br />Requested Council Action .. <br />Approve the scope of work submitted by Springstead <br />to move forward with financial analysis within the <br />Twin Lakes Project Area <br />Questions... <br />6 <br />