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Exclusive Negotiations for YMCA <br />March 18, 2014 <br />Page 2 <br />Keyser Marston Associates. Criteria included experience of the firm and key personnel, financial <br />capacity, development schedule, project concept and completeness of proposal. <br />RFQ Submittal Overview <br />The following firms submitted an RFQ and conceptual plans: <br />• St. Joseph Health /Taller San Jose - medical fitness center <br />• Abode Communities — single room occupancy (SRO) units or low income senior /special <br />need housing <br />• Caribou Industries — new boutique hotel on adjacent parcel including consolidation of <br />YMCA as reception area, gym and health center and multipurpose event center <br />• Vineyard Community Church — homeless support center and emergency shelter <br />• Orange County Coalition - mentoring university, concert hall and ball room <br />• Affirmed Housing Group /Path Ventures — one -stop homeless service center including <br />supportive housing <br />• Irvine Housing Opportunities /LA Housing Partnership — affordable housing for artists, <br />seniors and single veterans <br />Following an extensive review of all of the submittals, the selection committee presented the <br />three top developers (in concept only) to the DUC in December, 2013. The finalists represented <br />a range of development opportunities including a medical facility, an affordable housing project <br />and a boutique hotel. As part of this process, it was agreed that once interviews were conducted, <br />the selection committee would recommend to the City Council the developer with whom to enter <br />into an Exclusive Right to Negotiate. <br />Following the DUC meeting, the selection committee set up interviews with the top three ranking <br />firms, Caribou Industries, Inc., St. Joseph Health /Taller San Jose, and Abode Communities. <br />Subsequent to the DUC meeting, Abode Communities withdrew their application. The remaining <br />two developers were interviewed by the selection committee on February 12, 2014. Exhibit 1 <br />details Caribou's and St. Joseph /Taller San Jose's RFQ summaries and financial overviews. <br />Both proposals represented development teams that have both the experience and vision to <br />undertake the reuse and renovation of the YMCA building; however, the selection committee <br />recommended that the St. Joseph /Taller San Jose team be offered the Exclusive Right to <br />Negotiate for the following reasons: <br />1. The City Council has a stated objective to implement a strong economic development <br />program in the Downtown, in combination with the goals of the Civic /Professional District <br />land use designation, which provides a linkage between Civic Center and related <br />professional office and non - profit organizations. Both firms have a long history of working <br />25J -2 <br />