Title
Conduct a Public Hearing to Consider/Discuss/Act on a Resolution Authorizing the City Manager to Negotiate an Agreement(s) with a Development Firm(s) for the Redevelopment of City-Owned Properties in the Downtown Area
Summary
MEETING DATE: May 7, 2013
DEPARTMENT: Administration / Purchasing / Planning
CONTACT: Jason Gray, City Manager
Debbie Nye, Purchasing Manager
Kevin Spath, AICP, Assistant Director of Planning
RECOMMENDED CITY COUNCIL ACTION:
* Approval of the Resolution.
ITEM SUMMARY:
* After evaluating the proposals based on the selection criteria published in Section 5 of the Request for Proposals (RFP) as well as on the results of the interviews and the Open House event, Staff recommends moving forward with the following:
* Primary Site: Zenstar Development (Proposal #4)
* Secondary Sites: In Town Homes (Proposal #2)
* City Council's approval of the Resolution represents formal selection of the proposals and authorizes the City Manager to negotiate the terms of public/private partnerships with the selected development firms for the development, design, and construction of the City-owned properties. City Council's approval of the Resolution does not obligate the City to participate in a public/private partnership.
* Detailed financial analysis of specific City participation elements will be performed as part of the negotiation process. Upon completion of the negotiation process, agreements (along with specific City participation elements) will be brought to the City Council for consideration and approval.
* In the event that a mutually beneficial agreement is not reached with a selected development firm(s), the City Manager will begin to negotiate with the next best qualified offeror. In that event, the City Council would be notified of that situation and a revised Resolution would be brought back to the City Council for consideration and approval.
* The proposals from both of the Staff recommended devel...
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