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Mr. Corsey responded Forest City had underwritten some of the largest grants in the Country for <br />transportation issues. He stated Forest City could lobby also and that was the reason Forest <br />City's main office was in Washington DC. <br />Jim Prost, Principal of Basile Baumann Prost Cole Associates, introduced Jim McComb, <br />President, MGL. <br />Mr. Prost summarized the team and experience, the project goals and issues, the approach Basile <br />Baumann Prost Cole Associates would use, and specialized understanding. <br />Mr. Prost noted Basile were not developers, but worked with various developer entities. He <br />presented developments Basile was involved in including developments in Raleigh- Durham, <br />North Carolina; Fairfax County Government Center in Fairfax, Virginia; Owings Mills Metro <br />Center in Owings Mills, Maryland; TOD/Economic & Market Impact Study in Denver, <br />Colorado; Bridgeport, Connecticut; Development Management Services in Long Branch, New <br />Jersey. <br />Mr. McComb summarized the project's goals and objectives. <br />Mr. Prost stated the City had good planning and Basile's would work with the City on how to <br />work with a developer, the financial opportunities, the market strategies, etc. He stated one of <br />Basile's specialties was commuter rail projects and Basile had done many commuter rail projects <br />in the past also. <br />Mr. Prost stated Basile had worked with the VA in the past. He summarized the marketing <br />approach Basile would use including databases, developer's forums, press releases, placements <br />in targeted publications, and target outreach to regional and national developers. He indicated <br />Basile would be dedicated to work with the City and the City's values. He noted Basile was a <br />consulting firm and worked on a fee basis. He presented the top ten reasons the City should <br />select Basile. <br />Case #2: Presentation of Letter of Intent from Sand Companies and Site Proposal <br />(portions of this discussion may be closed to the public) <br />Jamie Thelen, Sand Companies, presented a potential new construction, work -force rental <br />housing project. <br />Commissioner Wise asked whom the housing market was for. <br />Mr. Thelen responded it would be workforce housing for the first phase. He indicated it was too <br />soon to determine what type of housing would be in the second phase. <br />Commissioner Ramsey asked if the City was looking for more density in this location than this <br />proposal was bringing in and if they were looking at a higher end project. <br />Housing and Redevelopment Authority / December 15, 2009 <br />Page 5of10 <br />