WHITING LAKEFRONT PLAN December 9, 2008 Welcome everyone and thanks for coming tonight. I’d like to start by thanking everyone who participated in the planning process and the design Charrette. You input has given us the vision to transform our lakefront into our greatest asset and economic engine. I’d also like to thank all of the other stakeholders involved in this process. Your willingness to assist will be one of the primary reasons that we will succeed with our plan. And I truly would like to thank the staff of American StructurePoint who have guided us to this point.

OPENING REMARKS This will be my most difficult Forum to date Planned on unveiling our new Lakefront plan tonight But…at 10:00 this morning, I elected to take a step back and be sure we got it right before doing so

OPENING REMARKS This was a difficult decision – but I believe it is in everyone’s best interest Why? We’re simply not ready Set the date for today’s forum two months ago

OPENING REMARKS I identified 3 key caveats to guide our planning process Must be realistic and fundable Take as much time as needed to get it right When I unveil – I need to be sold

OPENING REMARKS Bottom-line is that I’m not comfortable that we’ve met these expectations and I would rather tell you so tonight, then to roll out something that we’ll regret tomorrow BUT….I hope to provide you with enough information and answers to your questions, so that when you leave tonight, you won’t be disappointed that you came.

REVISED AGENDA Where we stand today Our next steps Q&As

WHERE WE STAND TODAY $8M in funding available $1,000,000 Federal grant #1 $350,000 BP donation $2,563,000 RDA grant $2,000,000 BP donation* $2,000,000 Federal grant #2* $18M addional revenue anticipated

WHERE WE STAND TODAY Completed Public Input Process Design Charrette Pierogi Fest kiosk Phase 1 in progress $2M project to bring in utilities Funded by Feds, BP & RDA

WHERE WE STAND TODAY Phase 1 in progress (cont.) Construction expected to start 2Q 2009 and be completed in 4Q This will also complete the Hammond water project (saving over $1M)

WHERE WE STAND TODAY Bike-Pedestrian Trail Project $1.8M project funded by RDA Expected to start 1Q 2009 and finish in 4Q Connect George Lake Trail to Whiting Park

WHERE WE STAND TODAY Bike-Pedestrian Trail Project (cont) Will include some temporary routes until land is acquired or available

WHERE WE STAND TODAY Draft plan developed Incorporates Design Charrette ideas and concepts Removal of Rip-Rap Boardwalk Multi-use facility

WHERE WE STAND TODAY Draft plan developed Closing 117th St. entrance (why?) Improvements to County launch Pedestrian bridges Lake fill near Gun Club Numerous other amenities

WHERE WE STAND TODAY Draft plan developed No Marina to be constructed in the early phases

WHERE WE STAND TODAY This is a conceptual view of the draft plan with all the potential amenities included. Briefly explain the features. What we don’t know today, is what features will be included in each of the potential phases.

WHERE WE STAND TODAY Hurdles & Limitations encountered Estimated costs (7:30 last night) Initial 2005 projections Lake fill costs/procedure High tension wires BP project

OUR NEXT STEPS Finalize the Plan Get a better understanding of the projected costs Develop a Phasing Plan Allow for add’l features to be added as funds become available Refine the Financial Plan

OUR NEXT STEPS Begin Phase 1 infrastructure construction Begin Bike Trail construction Unveil Final Plan in 1Q 2009 Begin construction of Phase 2 in late 2009

CLOSING The design Charrette and planning process helped us develop the vision for our Lakefront development We just need to take the time necessary to make sure we get it right

QUESTIONS & ANSWERS