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Proposed Development Schedule: <br />The following proposed development schedule was presented by developer and owner of 185 N. <br />McCarrons, Mr. Dennis Guptil. <br />Task Duration Start Finish <br />Master Planning Process365 days1/22/036/15/04 <br />Analyze various risks associated with proposed 30 days4/21/046/1/04 <br />development <br />Complete a preliminary market feasibility study30 days3/22/044/30/04 <br />Have the preliminary plans and specifications 30 days4/21/046/1/04 <br />drawn <br />Preliminary Development Agreement PUD 60 days 5/25/04 8/16/04 <br />Complete the engineering final plans and 60 days 5/25/04 8/16/04 <br />specifications drawn <br />Cause the final market feasibility study to be 45 days 6/17/04 8/18/04 <br />completed <br />Estimate the final total costs, direct and indirect 45 days 6/17/04 8/18/04 <br />Finalize PUD/Development Agreement 120 days 7/29/04 1/12/05 <br />Marketing and Selling 60 days 1/3/05 4/6/05 <br />Begin actual construction of the streets, utilities 200 days 4/7/05 1/11/06 <br />and lots <br />19.2Phase II Development – Neighborhood Housing Renovations - 2-10 year plan <br />Phase II development is an opportunity for the HRA to create a targeted renovation plan for <br />existing single family and multi-family housing in the area. In addition, the Galilee Church could <br />become a community focal point with the additional and shared access and parking and <br />opportunity to be a community social gathering and service center. There are several important <br />objectives in this redevelopment phase: <br />Provide an entryway or gateway to the Armory open space. Work with the National <br />Guard to share the open space, driveway access, and parking through public use <br />easements or leases. <br />Retain and improve upon some of the successful housing in the area. <br />Be financially feasible for the owner and/or apartment owners to renovate. <br />Freshen up, add more appealing development, public gathering places, and water <br />retention areas that are currently not addressed on the site. <br />Mix new “fill-in” apartments and owner occupied housing in a pedestrian-friendly <br />design. <br />Encourage development that can take advantage of transit on Rice Street <br />The existing multi family complexes within the study area are aging. Aside from the McCarrons <br />Manor Townhomes built in 1987, the other major complexes (McCarrons Street Apartments, <br />DRAFT MAY 18, 2004 19 <br /> <br />