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<br />1. ,4. - J <br /> <br />ATTACHMENT I <br /> <br />Downtown Funding Plan <br /> <br />The implementation of the Council/Agency Board priorities and actions regarding the <br />Retail/Cinema Project, the Courthouse Facade Restoration and Plaza Project, and the <br />implementation planning for the Downtown Plan are incorporated into a multi-year <br />Capital Budget or "Downtown Funding Plan" summarized as follows: <br /> <br />Parking Il11Jrovements $19,175,000 <br />Estimated soft costs and construction costs for the underground public parking structure <br />on Block 1; parking control equipment fpr parking management throughout the <br />downtown; as well as costs for expanding and re-striping Block 2 parking lot. <br /> <br />Land Assembly $ 2,000,000 <br />Remaining net land assembly costs to be funded for parking obligations pursuant to the <br />DDA for the Retail/Cinema Project, including Block 1 and Block 2. This amount is net of <br />the developer's $7.5M payment for the air rights to construct the Retail/Cinema project <br />over the parking structure, as well as the monies allocated in the 2002-03 "Current <br />Capital Projects for parking. <br /> <br />Culvert $ 3,800,000 <br />Estimated cost to relocate the culvert so the underground public parking structure can <br />be built. <br /> <br />Streetscape Il11Jrovements $ 1,675,000 <br />Estimated cost to construct improvements for "Theater Way" between Broadway and <br />Winslow, and modifications to Broadway for proposed protected drop-off for Cinema <br />and Fox Theater. This concept was approved by the City Council/Agency Board in the <br />Joint Study Session in March, 2003. <br /> <br />Courthouse Plaza $ 6,483,190 <br />Estimated hard and soft costs associated with the demolition of the Annex on <br />Broadway, the restoration of the façade of the Courthouse, and the construction of the <br />proposed new plaza. <br /> <br />Miscellaneous Downtown Projects $ 650,000 <br />Estimated costs to Theater Way 2 (Middlefield between Broadway and Veteran's Blvd); <br />gateway improvements and directional signage for downtown; enhanced public open <br />spaces; Winslow realignment; and improvements to redirect traffic back unto Broadway. <br />These improvements help implement the Downtown Plan and reflect direction received <br />in the Joint Study Sessions with the Council/Agency Board, Planning Commission and <br />the Architectural Review Committee. Money originally budgeted to fund a fountain in <br />the plaza between City Hall and City Center Plaza will be redirected to this project. <br /> <br />1-1 <br />