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oLlth Bend Redevelopivent Commlssloll <br />Re ch duled e Ular Meeting tins ...May , 2007 <br />. NEW SINES ONT. <br />C. South Bead Central Development Area <br />(3) continued... <br />documents wl. Ich have been created to date <br />will be available to the planning :frrrii which <br />Holladay World hire. Mr. Gibney noted that <br />Holladay Corporation will provide its <br />services to lead the planning process at no <br />cliarcy. <br />The East Bank property owners will be <br />invited. Anyone ownin. g property in the East <br />Ball 111av 1),. _ ic1 ate in a two - and -a.- a.l f day <br />charrette in late .1 oily or early AugUS . Mr. <br />Gibney stressed that n arl et bility of the plan <br />will be stUdied art all steps of the process. <br />"Flic plan will. be based on sound local. real <br />estate v al Lze . In the past. we have had some <br />proposals fior development of these sites that <br />were dynamic and dramatic, but didn't <br />necessarily reference the real estate market. <br />Mr. Inks noted that staff 1s requesting <br />aUthOrization to proceed with drafting a very <br />speeI fi proposal for- thes services. Staff <br />OUld bring the completed proposal back to <br />the Commission for consideration. The <br />estimated cost of the e n - ltant planning <br />firm is in the range of $30,000-50,000. <br />These funds would come from the downtown <br />TI F. <br />Mr. Peczkowski noted that in the Holladay <br />letter it says that meetincys would be by <br />invitation only, not public hearing type <br />sessions. Why is that`? <br />Mr. Gibney noted that property owners will <br />be invited. what we're trying to do is have it <br />12 <br />