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44 <br /> 1 Chair Bedford asked how multiple developers would work. <br /> 2 Marcia Perritt described more similarities with the Ferry Road project. She said they <br /> 3 landed on a $210,000,000 project with a $40,000,000 investment from Buncombe County. She <br /> 4 said $22,000,000 into affordable housing for around 350 affordable units. and mix of densities. <br /> 5 She said the remaining is for site prep and design work due to the mountainous landscape and <br /> 6 terrain. She said that the DFI goal is to help the elected officials get to a point where they <br /> 7 understand the project and needs well enough to be in a superior position when negotiating with <br /> 8 a development partner. <br /> 9 Commissioner Richards asked about the timeline because the community also needs to <br /> 10 weigh in on changes to the Master Plan. She said it is not just the Board, but also the community <br /> 11 that has an interest and equity in what happens. <br /> 12 Perdita Holtz said they are expecting to continue any community engagement especially <br /> 13 with substantive changes. She said that Chapel Hill has a built-in community engagement process <br /> 14 with the rezoning. <br /> 15 <br /> 16 Slide #9 <br /> DRAFT Timeline <br /> Jai Ic6 Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan Feb Mar <br /> Community engagement Conwltant <br /> Planning&Strategy <br /> Engagement Implementation <br /> 5ynthesls&lnitlal oeslgn Recommendations <br /> Design AI i gnme nt&Ongoing Outreach <br /> workshops <br /> Final Recom mendatle ns&Master Plan"port <br /> Monthly Newsletters <br /> Maater Plan ConwlHn[ <br /> Development Constraints and Opportunities <br /> Development Regulations and Recommendations <br /> 2 Conceptual Plan <br /> Final Master Plan <br /> OR Iteratlons <br /> DFI <br /> Contract&MOII Modification <br /> Ewarnhe Current candldons <br /> Market Analysis <br /> Site Analysis <br /> FI nanelal A nalySls&Strategy <br /> Identify Pnvate Partner(s) <br /> Master Development PartnerSolicitation <br /> Chapel MITI Entitlement <br /> Technical Review <br /> Publ I c Engall nt(on-Sol ng) <br /> Hegodstlons <br /> Chapel Hill Council Approval <br /> AnnexaMon <br /> Property Owners Request <br /> Chapel Hill Council Approval <br /> Communication Plan <br /> Corn munity/Stakehol der Engagement <br /> RENA/Phoen lx Place/Church of Advocate <br /> Publ I c Outreach/Newsletter <br /> Elected Boards <br /> As Needed <br /> 17 <br />