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play with a real deal to see if the naysayers will step forward. She stated there will always be naysayers and everyone has a different perspective no matter the deal negotiated. She stated she does not want to change the trajectory the HRA is on. Commissioner Tossey stated it is not `playing,' it is real, but this is a big difference because if adjusted it says that PSD does not have to build a parking ramp. He stated if the HRA goes this route and allows construction of the parking ramp to be avoided, it looks like the HRA agreed to change the deal after the fact. Commissioner Tossey stated support to first change the density requirements and then sell the property. He doubted that others would come forward but felt that by changing density first, it will eliminate the appearance of a shady deal. Commissioner Tossey stated that would be principally correct and the best for residents and the HRA because it would give transparency. Commissioner Kuzma stated this was discussed at the last meeting and Mr. Kuker said he had no problem with constructing the parking ramp but wanted to build the first building first to see what the demand is. He supported giving that flexibility. Commissioner Riley asked if CBRE has been consulted whether the pricing structure would have been different if the density was different. Asst. City Administrator/Economic Development Manager Brama stated that specific conversation has not taken place but he can look at the pricing of other parcels within The COR that have this same zoning. Commissioner Riley stated he likes this deal because it responds to what the market is asking for. He noted the market changes and he takes that into account. Commissioner Strommen stated the request is to extend the closing date to December 25th to accommodate the City making the zoning change. She asked whether there would be a guarantee of that by the time the ordinance is adopted and published. Deputy Executive Director Gladhill stated with the schedule laid out, the critical juncture is the date the ordinance is adopted by the HRA, time for publication, and the counter petition process. Commissioner Riley stated the small change being requested is the floor area ratio but that does not address the parking ramp. Deputy Executive Director Gladhill stated the floor area ratio and parking calculation is to get densities within the first one -quarter mile. He explained the floor area ratio and parking requirements do work 'hand in hand' and the trigger point is whether the City will require a structured parking ramp. He stated overall, it could have an impact on the household forecast as the ordinance will impact all COR I areas. Commissioner Riley asked if those guidelines go back to the original Town Center. Housing and Redevelopment Authority / September 23, 2014 Page 3 of 6