Phasing Out of Phase One?

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Last evening the Beard Group addressed phase one. The sections include B, C, D and I.
Ron Mehl of the Beard Group made a presentation to council suggesting increased demand for affordable rental housing. Section D appeared to be the only area being seriously considered at this time.

B 14,000 SF Rental/Office
(This is a hard sell for an anchor tenant. Capra interested in bringing Trader Joe's to town).

C. 48 Multi Family Units/15,000 SF Rental/Office
(Lenders are not financing at this time without 75% pre-sold).

D. 41 Multi Family Units (Affordable)
(Increased funds and demand for this now but purchase agreement must be renewed with Centerville).

I. 40 For Sale Town homes
(There's been a 40% decrease since 2007 and National builders have no interest at any price).

Ron Mehl concluded the meeting by stating to Council, "If you would like to talk with other developers at this time, we are fine with that. We don't want to hold the City up." He also mentioned that he was not interested in "entering a suicide pact."

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