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Last modified
11/9/2018 10:12:27 AM
Creation date
11/9/2018 10:10:56 AM
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Contracts
Company Name
THRIVE
Contract #
A-2018-117-01
Agency
COMMUNITY DEVELOPMENT
Council Approval Date
5/1/2018
Expiration Date
4/26/2019
Destruction Year
2023
Notes
A-2018-117
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EXHIBIT "C" <br />TO <br />NEGOTIATION AGREEMENT <br />Exclusive Negotiating: Agreement Timeline and Milestones <br />Milestone <br />Description <br />Completion Date <br />By May 31, 2018 <br />5/31/18 <br />Select Use <br />Developer will provide the City written notice of a finalized <br />Property use between either: 1) a community micro -farm; or 2) a <br />5/31/18 <br />mereadito, pursuant to the terms of this Agreement. <br />By November 30, 2018 <br />Initial Pro Forma <br />Developer will submit initial pro forma for the proposed <br />7/2/18 <br />development. <br />Project <br />Developer will submit projected construction schedule for the <br />Development <br />proposed development. <br />7/2/18 <br />Schedule <br />Due Diligence <br />Developer will provide written determination of property's physical <br />suitability for development, taking into account relevant regulatory <br />7/2/18 <br />and environmental conditions. <br />Full Project <br />Developer will submit site plans and all relevant applications and <br />Submittal <br />fees <br />By December 30, 2018 <br />Plan Review <br />Staff will review plans for compliance with applicable codes and <br />regulations. Project Manager will submit a letter summarizing staff <br />comments to the Developer. <br />Economic Subsidy <br />Submit a preliminary market assessment containing a forecast of <br />Report and/or <br />regional and local real estate market conditions and anticipated <br />8/14/18 <br />Community Benefit <br />performance of project. <br />Report <br />By January 30, 2019 <br />Revised Site Plans <br />Developer will submit revised site plans to City staff. <br />Funding Partners <br />Developer will submit letter identifying lenders, investment <br />and Structure <br />partners, and proof of ability to obtain financing. <br />
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