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I I I II City Manager Everett added, "We would do owner participation, because we have to, - but concurrently we would do a request for proposal, because other people may want to participate. My concern about a Charette is really twofold: It would be through by June, but hopefully we could be moving ahead by then. I like Charettes, but I think there are limitations to them. My concern is that the economics is not much of a driving force during a Charette process, and we need someone who can come in and say, given I have a railroad here, and given I have an industrial here and the EI Camino Real here, what do I think I can bring to you as a developer that is a doable financial deal.... The piece missing with a Charette is, you get beautiful, creative ideas, but I don't know how many of those are practical. I have seen Charettes for downtowns that are lovely, but most downtowns can't implement them, because they are too expensive. And that would be my concern." Director La Berge said, "If we had more time, I would certainly want to support a very specific Master Plan of the area. That would be the best for us. However, I believe because we believe we have a small window of opportunity here, that we can't afford to do that right now. However, I feel strong that we should have both rental and 'for sale' properties in the Franklin Street Area. I believe we must have good design, and I think having a larger piece will really help to promote that. In looking at the River Oaks Project which was about % rental and Y. 'for sale', it was beautifully done. It was a very big piece of property, but the way it was made to feel like a village was the kind of feeling we want to have in our area. We must insist that our developers ~ give us something that creates the village feeling with pleasant walkways and links to the commercial areas.... We all visualize what we want there. My recommendation certainly is that we go ahead with both rental and 'for sale', and get recommendations back ITom the staff and developers. If we can get a parcel of eight acres, rather than 4.5 acres, it would be an opportunity to do something very nice." In response to Director Claire's comments, "Then we are looking at an opportunity to go ITom Maple Street to Jefferson and ITom EI Camino to the railroad tracks", City Manager Everett said, "That wasn't implied in Option No.3 (of the staff report). No. 3 is basically ITom Wilson over to Maple, and obviously ITom Franklin over to CalTrain. The concern we have about including the other areas is that they are very, very tough properties to develop, and we will probably never get our hands on many of those properties. We are not going to buyout an apartment unit, you are not going to move Pacific Bell, you are not going to move the big Bekins storage... The piece that we show ITom Wilson.. .my guess is that is over 2/3 of the property that can be developed, and so it is a significant piece, and it is probably obtainable... in a reasonable period of time." ~ SPECIAL REDEVELOPMENT AGENCY MEETING MINUTE BOOK NO.1 APRIL 21, 1997 MINUTES Page No. 425 PAGE 9