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<br />requested. <br /> <br />3. In doing so, the City Manager shall give due consideration to: <br /> <br />a. All potential alternate locations for the jail, and the suitability of such locations for this <br />intended use, including operational requirements and compatibility with the relevant area. <br /> <br />b. The anticipated gross capital cost and the anticipated net capital cost to provide new <br />jail facilities, net of any anticipated funding from state and/or federal sources, and any <br />other associated transactional costs and changes in operating costs. <br /> <br />c. The consequences of this additional capital expenditure and any possible additional <br />operating costs on the City's debt capacity, bond rating, tax rates, and ability to complete <br />other capital projects. <br /> <br />d. The development potential for the Civic Center site (including the surface parking lot), <br />based upon realistic and documented assumptions of market conditions, to include: <br /> <br />(i) the cost to demolish the Civic Center <br />(ii) the types of uses that would be developed <br />(iii) the anticipated schedule of development <br />(iv) infrastructure costs, if any, the City would incur in connection with <br />development <br />(v) the anticipated net revenue from sale of the property, if any <br />(vi) the anticipated additional tax revenue to be generated by development <br />(vii) the effect of development on the downtown area and the City as a whole <br /> <br />e. Any other matter the City Manager deems relevant to this subject. <br /> <br />4. The City Manager shall report to City Council from time to time on the status of this <br />project. <br /> <br />Adopted by the Council of the City of Portsmouth, Virginia, at a meeting held on May 25, <br /> <br />2011. <br /> <br />Teste: <br /> <br />City Clerk <br />