Laserfiche WebLink
<br />. <br /> <br />. <br /> <br />. <br /> <br />was ethnically mixed with a median income above that of the <br />city as a whole, with good freeway access and significant new <br />in-fill housing and condominium developments. She pointed out <br />that in the RFP had specifically asked for a well-designed <br />project of high-quality, single-family homes developed at a <br />density of approximately nine units to the acre, with a <br />minimum of 45% of the site to be devoted to open space, adding <br />that the specified price of the property was $18,000 per unit <br />based on a reuse appraisal by Keyser Marston. She stated that <br />ten proposals were received in response to the RFP and that <br />they were distributed and reviewed by both Mid-Development and <br />Development Teams. She stated that, following this review, <br />eight developers were interviewed by the Development Team and <br />ranked according to project design, developer qualifications, <br />and proposal thoroughness in response to the RFP, adding that <br />the top three proposals were rated as follows: <br /> <br />l. <br />2. <br />3. <br /> <br />Posilovich Enterprises (Average Score: <br />KSE Development (Average Score: <br />CTNC Associates (Average Score: <br /> <br />95) <br />85) <br />82) <br /> <br />She pointed out that the Development Team's ranking reflects <br />the view that the Posilovich proposal had a very good amenity <br />package and a strong development team, and that the firm had <br />sufficient financial capability to undertake the project. She <br />stated that staff was asking the Agency to certify all three <br />developers and grant a 90-day Exclusive Right to Negotiate to <br />Posilovich Enterprises. She added that the reason for <br />certifying all three developers was so that, in the event an <br />agreement could not be reached with the top-ranked developer, <br />staff could begin negotiating with the second and/or <br />third-ranked developer without the time-consuming and expensive <br />process of issuing another RFP. She stated that Mr. Dan <br />Posilovich wished to make a presentation to the Council and <br />that the other two developers were in the audience to answer <br />any questions the Agency Members might have. <br /> <br />Mr. Dan Posilovich stated that he and his staff wished to <br />amplify upon the report given by staff. He then introduced Mr. <br />Warren Lortie, his partner in Posilovich Enterprises, to make a <br />slide presentation. <br /> <br />Mr. Lortie stated that the purpose of the slide presentation <br />was to demonstrate some of the projects that Posilovich <br />Enterprises had constructed in the past. He then showed <br />various apartment complexes constructed in Pasadena and a <br />recent residential development in Buena Park. He added that <br />they were presently working on a project in Arcadia. He then <br />introduced Mr. Ken Paddock, architect, who gave a brief summary <br />of his firm's credentials and experience in residential <br />development and then reviewed the site plans and floor plans <br />for the Posilovich proposal. <br /> <br />5 <br /> <br />~ <br />