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Mr. Papandreas and Mr. Khouri provided examples of public spaces at Carnegie's other <br />developments and spaces that have been managed in partnership with communities and outside <br />organizations. <br />Ms. Smyers remarked on why it is preferable for the plaza to be privately owned from the <br />perspective of potential lenders. The plaza is integral to the environment Carnegie is trying to <br />create for its Class A office tenants. Lenders will want assurance that this space will remain in <br />Carnegie's control. <br />Ms. George expressed concern about the City losing control or access to the plaza in the distant <br />future and expressed her preference that the space remain owned by the City to protect against <br />this. <br />Mr. O'Leary stated and Mr. Papandreas concurred that Carnegie would have needed and asked <br />for additional investments by the City were the plaza space to continue to be owned by the City. <br />Mr. Sylvester emphasized the rigorous process that would be required were Carnegie to attempt <br />to remove or substantially change the public plaza in the future. He expressed confidence in the <br />protections in place. <br />Ms. Nichols pointed out the liability, cost, and maintenance challenges that would come along <br />with the City owning the plaza. <br />Mr. Rader asked to see a breakdown of exactly what this cost would be. <br />Council further discussed the above and other topics related to the plaza before adjourning at <br />approximately 8:10 p.m. <br />Approved: dVc, -Z <br />J1 <br />