Title
Consider/Discuss Presentations from Respondents to Request for Qualifications Number 23-38RFQ Seeking a Partnership with a Development Team to Redevelop City-Owned Properties Downtown
Summary
COUNCIL GOAL: Direction for Strategic and Economic Growth
(1E: Increase community involvement and participation within local government/community)
MEETING DATE: November 28, 2023
DEPARTMENT: Development Services
CONTACT: Michael Quint, Executive Director of Development Services
RECOMMENDED CITY COUNCIL ACTION:
* Receive presentations from the top three respondents to Request for Qualifications (RFQ) no. 23-38RFQ.
ITEM SUMMARY:
* As part of the "Partner Selection" portion of the ongoing process to redevelop four (4) city-owned properties in historic downtown McKinney, the top three (3) respondents ("development teams") to the City's RFQ will make a presentation addressing:
o The members of the development team that will actually be working on this project including their experience and qualifications;
o The reasons that the development team is best suited to partner with the city on this redevelopment opportunity;
o The development team's preliminary development concept for the properties which they hope to develop; and
o Any additional information that sets their team apart from other development teams.
* On June 18, 2023, the City issued a RFQ for the redevelopment of approximately 4.75 acres of city-owned land located on and around the property located at 222 N. Tennessee Street. The submittal window closed on August 17, 2023, and 15 very strong responses were received from development teams hailing from across the country.
* Since that time, the 15 responses have been reviewed and narrowed down to a top five (5) using the evaluation criteria published in the RFQ. Those top (5) development teams were interviewed and narrowed down to a top three (3) development teams using the evaluation criteria published in the RFQ. These top three (3) development ...
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