Goal: Design and Construct a Mixed-Use Parking Facility, with a Minimum of 300 – 400 Public Parking Spaces, in Addition to Required Spaces for any Included Approved Retail, Commercial and Residential Development. Objectives - Project Will Strive to Meet the Following:  High Quality Design  Cost Effective  Architectural Consistent with Downtown  User Friendly  Crime Prevention Through Environmental Design (CPTED)  Provide Local Construction Hiring Through Suncoast Workforce Board  Environmentally Responsible  Provide Fiscally Sound Mixed-Use Alternatives Goal and Objectives

 Public Involvement Process  GEO/Technical Site Research  Creation of Preliminary Engineering Designs  Conceptual Site Plans  Development of Evaluations Proposed Work Products will be Sufficient to Identify Proposed Structural Layout, Architectural Design, Number of Parking Spaces, Housing Options and Retail/Commercial Size and Location. Guaranteed Maximum Price (GMP), will be Determined.

 Provide Final Engineering Documents  Permitting  Site Work  Construction  Landscape  Streetscape

Feb 19, 2013 Mar 19, 2013 Apr 09, 2013 CRA/City Commission Approval Phase 1 Agreements Public Listening Meeting #1 Stakeholder Meetings June 3, 2013 City Commission Report/Input Public Meeting #2 June 20, CRAAB June 20, 2013 Present Concepts CRAAB Input Present Final Concept Plan and Private Sector Offerings CRAAB input Aug 22, 2013 Aug 29, 2013 Present Final Concept Plan and Private Sector Offerings

Base Plan and Option A/B Ground Level Plan “Over-Under”

Base Plan and Option A/B Ground Level Plan “Over-Under” CAR COUNT w/o OCCUPIED SPACE 9’-0” STANDARD SPACE 12’-0” ACCESSIBLE SPACE CAR VAN LEVEL STANDARD ACCESSIBLE ACCESSIBLE TOTAL CAR COUNT w/OCCUPIED SPACE 9’-0” STANDARD SPACE 12’-0” ACCESSIBLE SPACE Ground Second Third Fourth Fifth Top2200 Total Ground002 2 Second Third Fourth Fifth Top9300 Total CAR VAN LEVEL STANDARD ACCESSIBLE ACCESSIBLE TOTAL

“Pad Site”

Commercial Offering  Retail Space  Pad Site (Lemon)  Air Rights (“Over-Under”)  Combination Marketing Efforts  Site Signs  Presentation to Sarasota County Realtors  Establish Deadline July 31, Offers Received (5 Viable)  3 Utilized “Pad Site”  1 From Abutting Parcel Owner for Joint Venture  1 Utilizing the “Over-Under”

CategoriesFinergy - localYorkGithler & Assoc - local Number of Residential units36-42 rentals32-42 condos34 condos Price Point of Units$1.67 PSF 800-1,600 SF Rentals $400,000-$750,000 average $475,000$350,000-$650,000 Number of Developer floors10 (pad site) Office SFnone 8000 SF Retail SF 13,125 (garage) + 8,240 (pad) SF = 21,365 SF13, SF = 21,365 SF21,125 SF Jobs (FTE)43 Retail 32 Office, 40 Retail Project Value (supplied by proposer)$15,500,000Not provide$20-21 million Parking spaces Indicated 59 Private Required*, 371 Public, (430) 6 Levels Total 32 Private*, 398 Public (430) 6 Levels Total Purchase price - retail $ 1,000,000 $ 1,600,000$1,100,000 - $1,350,000 Option purchase price - pad liner $ 1,318,400 $ 1,200,000Included above Funding time line Cash - residential close soon as possible - retail 30 days following completion of garage Cash - residential close immediately - retail 30 days following completion of garage Requires bank financing and will need to have "cooperation of City to achieve this" Construction SequenceSimultaneous Start construction within 18 month of signing P&S Other items *Included Streetscape on North side of State St. *Incomplete information *No demonstrated experience Reverted clause - City purchase back same price minus $25,000 after 18 months job per 500 SF retail (International Council of Shopping Centers) and 1 job per 250 SF office (ICSC) 7 - *provided and paid for by developer Comparative Analysis - User Proposals for the State Street Parking Garage - Option C (Pad Site)

Comparative Analysis - User Proposals for the State Street Parking Garage - Base Plan Option A/B Categories Crown Holdings- owners of PNC building City of SarasotaJebco Ventures, Inc. - local Number of Residential units 64 Rentals 36 condonone30 condos / 100 room Hampton Inn Price Point of Units Not Providednone$200,000 - $250,000 Number of Developer floors Not provided - two liner buildings14 floors Office SF Not specificnone Retail SF 25, ,000 SF17,977 SF17,977 +/- SF Jobs (FTE) Retail34 Retail30FT & 15PT Hotel, 34 Retail Project Value (supplied by proposer) Not provided4,000,000$27,500,000 +/- Parking spaces Indicated Required to replace their ground level parking plus the needs of whatever occupied construction development407 Public, 4 Levels 78 Private*, 400 Public (478) 5 Levels Total Purchase price - retail Exchange for use of their air space subject to offer $1,887,585 +/- $105 PSF Option purchase price - pad liner Incl above N/A Funding time line N/A Cash Close 30 days after completion of garage Construction Sequence SimultaneousN/ASimultaneous Other items *Would like a liner building at each end of the development *Incomplete information They will pay all cost associated with the additional structure requirements plus the cost of their four floors job per 500 SF retail (International Council of Shopping Centers) and 1 job per 250 SF office (ICSC) 7 - *provided and paid for by developer

 Acquire Ground Floor Retail Space for $105 Sq. Ft.  10% Deposit Within 14 Days (Retail)  Construct Four Floors Above Garage  Jebco Responsible for all Construction Costs  Jebco Provide Condominium Documents  Provide Surety to Guarantee Additional Engineering Expenses  Jebco Project Manager Becomes Part of Project Team  Submit Non-Refundable Deposit of $50,o00 Within 21 Days  Acceptance of Expanded Retail Definition  Redevelopment Agreement

 Generation of Pedestrian Activity to Neighborhood  Price of Units ($200 - $250K) opens up New Market to Downtown  Provision of approximately 72 FTE Job Opportunities  Creation of New Assessed Value (approx.. $27,500,000)  Generate Additional Tourist Taxes  Better Garage Design  Covered Units on top of Garage mitigates Off-Site Light Concerns  Separation of Public vs. Private Spaces Clear  Entrance of Garage for Pedestrians on Lemon Ave Advantages  Construction Requires Limited Financing and can be concurrent with Garage  Excess Density allows the Opportunity to Sell Rights to Abutting Parcel  Private Sector Project Manager added to the Team

Economic Impact Over the First 10 Years Direct Indirect & Induced Total Total number of permanent direct and indirect jobs to be created Salaries to be paid to direct and indirect workers $10,327,777$4,074,308 $14,402,085 Economic output generated by the project's activity $39,268,197 $19,359,221 $58,627,418 Number of direct and indirect workers who will move to the County 415 Number of new residents in the County 9211 Number of new residential properties to be built in the County 000 Number of new students expected to attend local school district 314 Taxable sales and purchases expected in the County $27,189,540$770,044 $27,959,584 Workers who move to the County by Year 10 $0 The market value the firm's property on local tax rolls in Year 1 $3,595,400$0$3,595,400 Model Used IDS Sarasota County Office of Financial Management Retail Component

Economic Impact Over the First 10 Years Direct Indirect & Induced Total Total number of permanent direct and indirect jobs to be created Salaries to be paid to direct and indirect workers $1,463,908$1,150,158$2,614,066 Economic output generated by the project's activity $8,807,219$2,472,433$9,222,433 Number of direct and indirect workers who will move to the County 000 Number of new residents in the County N/A Number of new residential properties to be built in the County 280 Number of new students expected to attend local school district N/A Taxable sales and purchases expected in the County N/A Workers who move to the County by Year 10 N/A The market value the firm's property on local tax rolls in Year 1 $6,750,000 Model Used IMPLAN Sarasota County Office of Financial Management Residential Component

Economic Impact Over the First 10 Years Direct Indirect & Induced Total Total number of permanent direct and indirect jobs to be created Salaries to be paid to direct and indirect workers $14,829,010$7,562,795 $22,391,805 Economic output generated by the project's activity $63,194,380 $29,695,039 $92,889,419 Number of direct and indirect workers who will move to the County 415 Number of new residents in the County 9211 Number of new residential properties to be built in the County 000 Number of new students expected to attend local school district 314 Taxable sales and purchases expected in the County $110,333,536$1,429,368 $111,762,905 Workers who move to the County by Year 10 $0 The market value the firm's property on local tax rolls in Year 1 $13,500,000$0 $13,500,000 Model Used IDS Sarasota County Office of Financial Management Hotel Component

Economic Impact Over the First 10 Years Direct Indirect & Induced Total Total number of permanent direct and indirect jobs to be created Salaries to be paid to direct and indirect workers $26,620,695$12,787,261$39,407,956 Economic output generated by the project's activity $111,269,795$51,526,693 $160,739,269 Number of direct and indirect workers who will move to the County 8210 Number of new residents in the County Number of new residential properties to be built in the County 280 Number of new students expected to attend local school district 628 Taxable sales and purchases expected in the County $137,523,076$2,199,412 $139,722,489 Workers who move to the County by Year The market value the firm's property on local tax rolls in Year 1 $23,845,4000 Model Used IDS, IMPLAN Sarasota County Office of Financial Management Grand Total: Aggregated Impacts – Retail, Hotel, Residential

 Possible Major Encroachment into Right of Way—Elevator Tower  Table VI-1004, Building Recess—A 12 foot recess required above the second, third or fourth story.  Section VII-206(8 [10-municode])(c) Location of Parking—Requires parking garages on Primary Streets to be located in the third layer (minimum 20 feet) and provide for a liner building on entire façade.  Section VII-206(8 [10-municode]) (d) Parking Access—If parking is accessed from a Primary Street, there shall only be one point of access. Walker Parking Consultants Base Plan and Option A/B Ground Level Plan

Aug 29, 2013 Jan 13, 2014 Feb 17, 2014 Present Final Concept Plan CRA/City Commission Phase I Plans to CRAAB Review & Recommendation Provide Final Phase I Plans and GMP Contract CRA/City Commission for Approval

 Completion of Detailed Engineering and Design Plans May 2014  Complete Permitting/Begin Construction June/July 2014  Substantial Completion of Construction July 15, 2015