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6. NEW BUSINESS (Cont'd r. Taylor confirmed the financing has to be completed by late June, s that is their start of the fiscal year. Mr. Taylor further dded the developer actually bid on 191 units, according to the re- uirements of the land. When they submitted it to HUD, HUD had ap- roved it at the 191 units, but then when they came for the review, UD said we didn't put in the units for the handicapped and that e have to have 10% of the units for the handicapped, so they added 0 units for the handicapped, which brought it to the 211 figure, o it is really a HUD requirement that increased it from the 191 o the 211 unit figure. Of course, when you are building a building, ou don't like to go up ten (10) stories and then build a'half story ecause you are limited with 200 units. That is what it amounted to, o that is how it came about. e Chair asked the audience if they had any questions? Is. Derbeck referred her question to the Commissioners, "I think his question is more for the Commission than for the Mayor, who 'asn't involved before; but a few months ago you refused a plan to nclude a motel on that and now you have this change ?" The Chair dvised that the basis on that was on the feasibility study; this 'ould still have to have a feasibility study under the HUD regulations. 11 we are doing is changing the land use and we will still have to ollow the HUD requirements to get a feasibility study as they did efore, but since that time, the LaSalle Hotel has closed, and the entury Center is under construction. He asked Mr. Brownell if he s right in his statements in regard to the feasibility study; Mr. rownell advised in the affirmative. Ms. Derbeck added that would ave been easy to predict - - "It was also said at that time, in regard o building a motel there, that it would take a lot of trouble and hat it would have to be rezoned, and that it would be a very compli- ated process." Mayor Nemeth replied, "I want to re- emphasize that e are not saying that any motel is going to be built there, but hat we are saying is that as long as we are going to get an amend - ent of the plan for extra additional units for the high -rise, that e might as well modify it in regard to that particular point as ell, so that in the event that something does come up, we may be eady to go and we don't have to go through the entire process again. Ir. Louis Tutino, WNDU -TV Reporter, asked the Mayor if he would review by he is asking the Board to adopt this at this time, and if there s a time limit? The Mayor advised, "We are asking the Board to adopt his specifically so that the 211 unit high -rise building -- housing for lderly people - -can be constructed on the Block 6 property. The pre - ent plans limit the units to 200 and the plans presently call for 11, and HUD has approved the plan except for the fact that we have o have approval for the restriction. That is why we have to change t, and that is why we have the change here for approval before the oard. There is a time limit from the standpoint of financing that ust be taken care of before the end of June. It is very important hat we get this plan changed." he Chair thanked the Mayor for coming, and that he is sure the Board ill take care of the situation. - 7 -