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44 <br /> Chair Bedford asked how multiple developers would work. <br /> Marcia Perritt described more similarities with the Ferry Road project. She said they <br /> landed on a $210,000,000 project with a $40,000,000 investment from Buncombe County. She <br /> said $22,000,000 into affordable housing for around 350 affordable units. and mix of densities. <br /> She said the remaining is for site prep and design work due to the mountainous landscape and <br /> terrain. She said that the DFI goal is to help the elected officials get to a point where they <br /> understand the project and needs well enough to be in a superior position when negotiating with <br /> a development partner. <br /> Commissioner Richards asked about the timeline because the community also needs to <br /> weigh in on changes to the Master Plan. She said it is not just the Board, but also the community <br /> that has an interest and equity in what happens. <br /> Perdita Holtz said they are expecting to continue any community engagement especially <br /> with substantive changes. She said that Chapel Hill has a built-in community engagement process <br /> with the rezoning. <br /> Slide #9 <br /> DRAFT Timeline <br /> Jan Feb Mar Apr May Jun Jul Aug Sept 0. Nov Dec Jan Feb Mar <br /> Community Engage ment Consultant <br /> planning&Strategy <br /> Engagement Implementation <br /> 5ynthesls&Initlal Design Recommendatlons <br /> Design AIignin nt&Ongoing Outreach <br /> workshops <br /> Final Retom mendations&Master PI an Re port <br /> Monthly Newsletters <br /> Mane Plan Consultant <br /> Deve to pment Constraints and O pportunities <br /> Development Regulations and Recommendations <br /> ]Conceptual Plan <br /> Final Master Plan <br /> OR lteratlons <br /> OR <br /> Contract&MOU Wdificati— <br /> Examine Current Conditions <br /> Market Analysts <br /> Site A nal ysis <br /> Fl nandal Analysis&strategy <br /> Identify Private Panner(s) <br /> Master Development Partner Solicitation <br /> Chapel MITI Entitlement <br /> Technical Review <br /> Publ I c Engageme nt(on-gol ng) <br /> Negotiations <br /> Chapel Hill Council Approval <br /> Annexation <br /> Property Owners Request <br /> Chapel Hill Coundl A p p royal <br /> Communlcailon Plan <br /> Coro munity/Stakeho I der Engagement <br /> RENA/Phoen lx Place/Church of Advocate <br /> Pool I t Outreach/Newsletter <br /> Fleeted Boads <br /> As Needed <br /> I � <br />