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d) Geneva Commons -luxury high-rise two tower condominium project at MacArthur Place approved by Council in April 2005. The condominium units will be approximately 900 to 1,350 square feet in size. There wilt be approximately 10,000 square feet of retail and restaurants. Construction to begin in early 2006. e) Nexus Development -luxury high-rise and low-rise condominium project at MacArthur and Main. Also promoting an urban living environment similar to Geneva Commons. Scheduled for Planning Commission review in May 2005. f) West Edinger Townhome Project across from Centennial Park. Forty- four units are proposed ranging in size from 1300 to 1700 square feet and to include three parking spaces per unit and a small tot lot. Tentatively scheduled for Planning Commission in summer 2005 with construction to begin in late falllearly winter 2005. 4. BUSINESS IMPROVEMENT DISTRICT (BID) UPDATE - {Pat Whitaker) Continued from the Special Meeting of April 28, 2005. • Meetings continue to be held with both areas of common interest. • Map has been formulated and approved by the two areas within the current BID district and circulated in anticipation of next year's BID. _ . . At this time, it is unknown if other groups will join the B1D next year. • Budget was clear in the other categories. However, groups still need to decide how they want to proceed with promotion funds. Pursuant to the budget Council adopted, City is moving forward and working with the groups to define exactly what they want to do with their budgeted funds for promotions. We do not expect any further formal action except for contracts that will be entered into on behalf of BID promotions or whatever else they choose to take on. • Moving forward in bringing in a consultant to work with the two areas of the BID to look into next year's BID in relations to the map approved by Downtown restaurants and loft areas as well as certain areas within Fourth Street. Work on next year's BID is just beginning based on the draft and initial map and retention of the consultant. • Unless we hear otherwise, the Commission will continua to be the BID Advisory Board for next year`s BID and can start working on the process. The timeline for the Commission to submit the budget would be around October, the same as last year. With assistance from staff and the consultant, the Commission would then present the budget to Council. Mr. Vigliotta informed the Commission that, hypothetically, if the groups decided to split the BiD into different areas or to create overlay zones, then an additional step of preparing an ordinance amendment would be required. This action would go to the Commission first and then to Council. CRHC MINUTSS 4 May 3, 2005