HEADS UP! Tonight's Mesa City Council Meeting Mon 26 Feb 2018

Mesa residents - and more importantly TAXPAYERS - had better be both informed and engaged and active with the items on Tonight's agenda: there are NO DOLLAR $PENDING AMOUNT$ PROVIDED for what is a piece-meal re-hash "phased-in" of what voters rejected for taking on more debt to finance General Obligation Municipal Bond borrowing that will bring more tax increases:

Take a look at the PRIMARY BUSINESS POINTS that were outlined and discussed
PRIMARY BUSINESS POINTS

Phase I – City Commitments 

Design and construction of Building A –100,000-125,000 s.f.
Costs??

PRIMARY BUSINESS POINTS

Future Phases – City Commitments 

Development at City’s discretion 

> Requires five new private downtown (re)developments following ASU opening 

> Requires identification of adequate funding source

ADDITIONAL TERMS
Financing: Municipal bonds (amount and debt service at City’s discretion)
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Presentation Mesa City Council Study Session 15 Feb 2018
Item 1-d is a presentation to hear and discuss a proposed IGA - an Intergovernmental Agreement with ASU in downtown Mesa about "Education Facilities" - their development, operation and maintenance

File #:

18-0236

Type:

Presentation

Status:

Agenda Ready

In control:

City Council Study Session

On agenda:

2/15/2018

Title:

Hear a presentation and discuss a proposed Intergovernmental Agreement with Arizona State University for the development, operation, and maintenance of educational facilities in downtown Mesa.

Attachments:

1. Presentation

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Upload of entire Study Session 172 minutes
Two prior agenda items take up a lot of time before dealing with this IGA

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INTERGOVERNMENTAL AGREEMENT: ARIZONA STATE UNIVERSITY
Jeff McVay Manager of Downtown Transformation
 
PRIMARY BUSINESS POINTS

Phase I – City Commitments 

Design and construction of Building A –100,000-125,000 s.f.
Costs??
Tenant Improvements, less FF&E 
Design and construction of infrastructure improvements 
Approximately two acre public open space

Phase I – ASU Commitments 

Minimum 750 students and 40 faculty and staff (within 5 years) 
Film/Media/Gaming 
Advanced Visualization/VR/Rapid Prototyping 
Experience Design 
Est. $10M FF&E 
Est. $1.3M annual O&M 
Reserve and Replacement Fund  Film/Innovation/Entrepreneurial events 
ASU staff member to serve on an innovation district committee

 

ACADEMIC PROGRAMS

> FILM + MEDIA + GAMING

Feature development, short form media, documentary, music video, public screenings, mobile media, social impact gaming, visual FX, motion capture, and interactive systems
> ADVANCED VISUALIZATION + VIRTUAL & BLENDED REALITIES + RAPID PROTOTYPING
Augmented reality, decision systems engineering, data visualization, 3D animation, informatics, modeling of real world environments and problems.
> EXPERIENCE DESIGN + VERTICALLY INTEGRATED PROBLEM-SOLVING Transdisciplinary, human centered, community engaged, social impact, integrated processes, and community prototyping.

  

PRIMARY BUSINESS POINTS

Future Phases – City Commitments 

Development at City’s discretion 

> Requires five new private downtown (re)developments following ASU opening 

> Requires identification of adequate funding source

Design and construction of Building B (approx. 60,000-75,000 s.f.) and/or Building C (approx. 50,000-65,000 s.f.) 
Tenant Improvements, less FF&E 
Design and construction of infrastructure improvements  OR  Allow ASU to fund design and construction of Building B and/or Building C consistent with master plan, within 5 years of Phase I/II
Future Phases – ASU Commitments
Building B 
Minimum 1,500 students and 150 faculty and staff, within 3 years of Building B  Expansion of existing academic programs or addition of new academic programs 
Est. $3-4M FF&E (Building B) 
Est. $1.7M annual O&M, (Buildings A&B)
Building C 
Minimum 2,000 students and 200 faculty and staff, within 3 years of Building C  Expansion of existing academic programs or addition of new academic programs Phase II and III 
Reserve and Replacement Fund 
Film/Innovation/Entrepreneurial events 
ASU staff member to serve on committee on an innovation district

 

COOPERATIVE COMMITMENTS

• Project budgets (building, infrastructure, and overall) 
• Design consultant(s) selection 
• Master plan and design guidelines (buildings and civic space) 
• Infrastructure plan (utilities and streets) 
• Sub-leasing commercial space 
• Fundraising

ADDITIONAL TERMS
Financing:  Municipal bonds (amount and debt service at City’s discretion) Lease Term:  99 years  Can be extended with certain ASU capital investments in facilities ASU Rent:  $100,000/year  Reimbursement for the salary of a City Facilities Manager   Additional Revenues:  Commercial subleases  Permitted parking Utilities

 

INTERGOVERNMENTAL AGREEMENT - ASU
DISCUSSION AND QUESTIONS

 

 

 

 

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