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The proposed purchase of the former Millennium Environmental property will benefit the Union Station technology center in the following ways: • Provide space necessary to increase Union Station's building footprint by 40% (40,000 sq. ft.) • Provide an ideal landing zone for the mechanical equipment that produces the power product • Enable a 65% (19,000 sq. ft.) expansion of data center floorspace through the expansion of the building footprint and reclamation of square footage by relocating mechanical equipment • Provide space necessary for a secure loading dock area, which is a critical component of the business operations • Provide space necessary to expand the current utilization of patent - pending combined power, heating and cooling technology Union Station's purpose for acquiring the aforementioned property is to increase the current footprint to accommodate the sustained growth of the past several years. The growth strategy employs a 2 -phase approach. Phase / will utilize the proposed land as a site for electrical generation equipment, loading dock access points, and an express electrical feeder duct bank that would have the capability to serve the Union Station and future containerized compute customers on the Millennium Parcel. To integrate the properties, the vacated roadway will serve as a dedicated mechanical corridor and equipment access point for the complex. The intention is to extend the physical footprint by constructing a 2 -story addition on the West end of Union Station and adding a building sufficient to support mechanical equipment expansion. The proposed timeframe for Phase / completion is Q2 2012. With Phase / complete, Union Station will have the ability to continue to add to its existing electrical and mechanical infrastructure. In Phase //, Union Station plans to build the capabilities to serve surrounding buildings and /or properties with its proprietary combined power, heating and cooling approach. Phase // timeline is to be determined following a comprehensive review by private and public officials. At this time, staff would respectfully request Redevelopment Commission approval of the proposal to purchase the subject property and to begin the legal process to dispose of the property to Union Station properties.