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I 'Ir. Joe Backes February 18, 1987 Pa,e 2 undertaken. The City requests that those costs bE delineated within each phase (preferably broken down into each building or project within the phase). 2. Renair and Removal Bch i,.le - This may I,e: incorporated either in the phasing program or as an individual layout to detail the timeline for repair/removal of existing buildings together with the attendant co�;Is fof such. 3. Financi_ ng Plan - As indicated on the phone this is referring to a detailed breakdown cic the project costs that are anticipated to be set out by phases or stages. To the extent that different sch3dules are submitted for the new and the old, costs should be detailed for each building within the phased program of the new buildings t—nether with a list of costs by building for the repair and -emival schedule. 4. Funding Proqram - This would be a layout of the total dol l,rs needed to develop the plan together the means and estimated ti-etahle of raisin- those funds. You als• asked if the City might possibly consider a personal guarantee by Board members for completion of the project as opposed t a letter of credit. As I indic .ted the City's objective is to receive the appropriate financial commitment that can be utilized should the project not meet the agreed upon time schedule Once ycu have deteritiin-?d the form or format this personal .arantee might take, the City is willing to review that as an alternative security for the project. It is anticipated that to the extent security is required, that sf.curity would cover both rehabilitation of old buildings together -with the new buildings. Finally, you did ask a questi.�):, regarding the sui' )hility of the architect's materials that had been presented to the City. The City is not in a position to comment as to the adequacy of the job that the Board's architects are doing for the B j Island Board of Governors. The City is only in , position to indicate what items it needs for its consideration and review of any master plan development. It is up to irchitectl:� client, the Rig Island Board of Governors, to Bete. _ if the documents that are prepared by Setter, teach anO Linustrom adequately serve their purp uses in support of their •�ppl ication for t',e ccnditional use permit.