Laserfiche WebLink
7.A. - Page 18 Dan Zack May 9, 2012 <br /> Subject: Developer Proposals <br /> uses and some flexibility as to how the Winslow Lot is ultimately parcelized <br /> will improve the feasibility of a hotel and accelerate its development <br /> timetable." <br /> Approach to Depot Circle <br /> ■ Hunter Storm <br /> -$1 million allowance in pro forma towards the construction of Depot Circle <br /> - Allowance in pro forma towards the costs of curb, gutter, street trees, and <br /> sidewalk along Middlefield. <br /> ■ Lowe Enterprises <br /> -$500,000 allowance in pro forma towards the construction of Depot Circle <br /> -$1,750,000 allowance in pro forma towards the Middlefield Road, Winslow <br /> Street and Hamilton Street. <br /> Approach to Adjacent Parcels <br /> ■ Hunter Storm <br /> - Adjacent Parcels: Currently own/control and plan to incorporate Gateway 1 <br /> and 2 <br /> - Winslow Parcel: Proposal to purchase <br /> ■ Lowe Enterprises <br /> - Adjacent Parcels: Not included in Base Case <br /> - Winslow Parcel: Proposal to purchase <br /> D. SCHEDULE <br /> Will the project be completed quickly? <br /> ■ Hunter Storm <br /> - Completed by early 2015 <br /> - It is unclear when they plan to finish the hotel. <br /> ■ Lowe Enterprises <br /> - Completed by late 2015 <br /> - It is unclear when they plan to finish the hotel <br /> Page 7 of 8 <br />