The project is nearing the end of the schematic design phase. During November we held a second series of ACC department meetings to review and revise all the suite floor plans. Gensler is now finalizing the floor plans for the building and developing the exterior building elevations and site plan. A schematic design package will be released just before winter break for conceptual pricing by Flintco, our construction manager at risk.

We also will issue complete schematic design review sets for ACC’s Environment, Health, Safety, and Insurance, Building and Grounds, and Information Technology departments. Comments will be gathered in mid-January and addressed during the design development phase.

In the meantime, we plan to schedule an Internal Steering Committee and External Steering Committee meeting in January to give an update on the project, including a presentation on the final schematic design.

We have also been in contact with Benchmark Development, the developer of the Plum Creek Masterplan. Hays Campus must comply with the development guidelines set forth by Benchmark as a condition for the initial purchase of the land. We will submit the schematic design package to Benchmark for formal review by their ARC (architectural review committee) simultaneously to Flintco’s pricing.

In summary, we expect to embark upon the design development phase in early January, continuing through mid-March 2012. Gensler will tentatively issue a 100 percent design development set for pricing by Flintco in late March. The guaranteed maximum price will be prepared during the month of April and possibly signed by May 1. Of course, all these dates are contingent to having a final project budget established by March 1.