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_10 - which is the current market rate, and the other ultimately phase 3, I believe, although I didn't do.cash runs in that regard, we would still be meeting your basic needs of tax increment financing in that area. If it is not available, we just clearly cannot do it. It is, as I mentioned, a different market segment. It would be difficult to just simply add 60 units to the market rate housing. It may affect our physical design, Bruce's construction, but as far as impacting greatly the number of units we would be building in another market type of housing,.it would not affect that and we.would attempt to just move on. How Washington, the programs that are coming out of Washington and pro- grams that can and cannot be done, sometimes quickly and sometimes at unusual times, so we can be guaranteed that things change in Washington and programs change. If something.is not available in one area, there may be another opportunity in another area and we would keep our eyes open. Tony Vavoulis nu son o.) Have you read design guidelines and do you plan to reflect those guidelines? Tony Vavoulis (Knutson cc.) I guess that is in regard to the more architectural aspect and Bruce, why don't you respond. Yes, we have read them. Bruce did address those. One particular area that I picked up in reading the design guidelines, that in regard to transition areas that existing between the existing residential, the commercial, the busy streets that are around and you've got to certainly • develop transition areas. In the first phase we have.a great deal of underground parking taking care of most of our needs in that regard so we don't have large open areas of pavement and bituminous and that area even as such, is broken up somewhat with plantings different geometries. Yes, we are aware of the design guidelines and certainly we will be working with them. I guess in a broader context, design guidelines are something to work from. There are other areas of desires of the Board, of the Council, the community at large, and our attention is to develop and build a project that reflects the needs of the community. It's really the only way you can market something. Gone are the days that you can shove something down a group's throat. It's got to meet the general agreement of enough people to sell it and in this large a development, 400 units, you've got to be pretty clean going on all those various areas. I guess that reading the next question, answers that one. Tony Vavoulis nu son o.) Are you willing to make changes in the basic design of your project? Tony Vavoulis nu son o.) Certainly. All of what I said in the previous question applies to that. Tony Vavoulis 7—RUT-so-n---Co.) The next one is "how did you arrive at your offering price"? Tony Vavoulis nu son o.) I guess we arrived at that trying to meet the minimum requirement that you stated and trying not to break the back of the • project. It's very difficult to put a project together today with the costs of construction and financing and everything else. You're always looking for places to cut down the costs. I would be delighted to have lower than what we are offering price in the project. That land price