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9.C. - Page 20 <br /> ® Deviations from the Downtown Precise Plan: Any known deviations from the DTPP Guidelines in <br /> the Plan shall be identified, explained, and justified. Deviations from the Standards identified in <br /> the DTPP are not allowed. <br /> Onsite Community Improvements <br /> In addition to the City's primary goal of developing affordable housing, the project will also provide <br /> onsite community improvements for the benefit of the Downtown community and Redwood City as a <br /> whole.These improvements could include, but are not limited to: <br /> • Publicly Accessible Park Adjacent to Redwood Creek: As described above, the project would <br /> provide a publically accessible park adjacent to the creek, containing environmentally sensitive, <br /> passive landscaping and park features, such as pedestrian pathways, bench seating, and lighting, <br /> as well as interpretive kiosks or signage that describe the historic importance of the creek. <br /> ® Childcare/Daycare Facilities: The City encourages the provision of childcare/day care facilities <br /> with the development of the project. <br /> • Carshare Facilities: Carshare facilities, such as those provided by "City Care Share" or "ZipCar" <br /> would be a valuable benefit for residents at all income-levels. <br /> Offsite Improvements <br /> The proposed extent and scope of offsite public improvements shall be identified, as shall the proposed <br /> method for funding them. Any offsite improvements that would not be undertaken as part of the <br /> Proposal shall also be identified and justified. Proposers must include a cost estimate for the <br /> construction of Site, and all appurtenant curb, gutter, sidewalk, street lights, and street trees, required <br /> either by the DTPP, CEQA, NEPA or municipal code. <br /> Financial Capacity (ProForma) <br /> Under separate cover, proposers shall submit a pro forma analysis, identifying anticipated construction <br /> costs, operating income, operating expenditures, capitalization rates, and other relevant information. <br /> The pro forma will be treated and reviewed confidentially and will not become a part of the public <br /> record. Submit a complete project pro forma and ten-year cash flow, which includes the following <br /> components: <br /> a) Estimated total development costs, including any project management or developer fees. <br /> b) Identify anticipated project lenders and proposed financing mechanisms. Please note previous <br /> experience with these lenders and financing strategies. Financing assumptions, including <br /> sources, estimated amount to be financed, interest rate, if applicable, and loan costs. <br /> c) Summary of gross rental income by use. <br /> d) Operating expense assumptions. <br /> 10 <br />