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3.Real Property:If real property acquisition is a component of the project,please explain. <br />Include any information of property already secured or evidence of the ability to secure the <br />real property. <br />The property is owned by a local family who then leases the property to Wells Fargo Bank.The <br />City of Ellensburg leases a portion of the property for the purposes of providing an outdoor <br />public space.Wells Fargo will be vacating the property on June 23,2017 as a part of their <br />business plan which calls for shutting down drive-thru banding operations throughout the <br />United States.The bank will continue to the lease the property until 2020,however the <br />property owner has expressed a desire to sell the property prior to that date.City officials have <br />been in negotiations to purchase the property with the property owner for the last two years. <br />4.Coordination:Please explain how this project has been coordinated with other jurisdictions <br />as well as affected stakeholders.Please include letters of support from stakeholders. <br />The City has engaged the Chamber of Commerce,the EIIensburg Downtown Association,and <br />various individuals from community events such as the 'Jazz in the Valley',in discussions about <br />acquiring the property.Developing a public space,with recreation and communityevents in <br />mind,has created a lot of excitement and support.For the last 36 years the City and groups <br />have been successful in hosting events in small space and parking lot.The opportunity to have <br />green space,water features,gathering spaces,public restrooms,and places for public art are <br />missing in our downtown.The location of this property,in the heart of our downtown,would <br />provide our citizens and visitors to our community,with a very special place. <br />5.Studies:Please attach any feasibility or other studies that demonstrate linkages between <br />the proposed project and the anticipated tourism impacts.Also please include your <br />operations/maintenancestrategy and other plans for long-term project sustainability (how <br />the facility or facilities will be operated and maintained over at least five years following <br />completion). <br />As a City and community,we benefit from creating opportunities for visitors to come into <br />Ellensburg to spend money.A downtown park will increase the quality of life for our residents <br />and help draw people to our downtown.A recent study conducted by Arnett Muldrew,titled <br />'Downtown Market Study and Economic Development Plan -Ellensburg,Washington',identified <br />four key strategies critical to the future success of downtown Ellensburg.The first strategy was <br />reinforcing the center of downtown Ellensburg,which is identified in the plan as the <br />intersection of 4th &Pearl,which is coincidentally the exact location of the proposed park. <br />Reinforcing downtown,as stated in the report,"Is designed to focus on the core of downtown <br />Ellensburg by providing enhanced gathering places and gateways to the community in the <br />public realm and additional development opportunities in vacant ground floor and,more <br />importantly,upper floor spaces."(page 26,Downtown Market Study and Economic <br />Development Plan).The highest priority in making this a reality is creating what the study calls