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Vice Chair Martinez noted if eligible to apply for Title 7 funding and any other light <br />rail funding available through OCTA and the state's Cap & Trade; noted to work with <br />lobbyists, adding the city needs to do whatever it can to help move project along and <br />trying to reduce greenhouse gas emission. <br />Mr. Cavazos noted staff will provide a memo for the Council at the next meeting on <br />the plans for financing. <br />3. UPDATE ON YMCA EXCLUSIVE NEGOTIATING AGREEMENT {Strategic Plan <br />No. 3, 5A} <br />David Cavazos noted there is no update on Item 3. <br />Chairman Sarmiento returned at 5:14 p.m. <br />4. THIRD & BROADWAY UPDATE — DEVELOPER SELECTION PANEL <br />RESULTS AND NEXT STEPS {Strategic Plan No. 3, 5A} <br />Kelly Reenders provided an update on the Third & Broadway development project <br />noting in response to the Request for Qualifications (RFQ), six firms had interest and <br />four firms interviewed on February 6. She introduced the highest rated firm <br />OliverMcMillan and invited Dan Nishikawa, Senior Managing Director, and Zach <br />Adams, Senior Project Manager, to provide an overview of their firm and answer any <br />questions. <br />Dan Nishikawa provided background information on their firm headquartered in San <br />Diego, noted they have two lines of business one being large mixed-use projects <br />and the other urban residential infill, and briefly discussed projects they are working <br />on and those completed. He noted they have received more than 40 design awards, <br />has financial partners and has also done adaptive reuse projects; noted one process <br />for projects is to conduct a Charrette and bring all the stakeholders, city officials, <br />community members, land owners, designers and architects together. <br />Zach Adams discussed the project concept for 3rd & Broadway noting a podium <br />project similar to EV project in downtown San Diego and SALT project in Tempe, <br />Arizona which fits in with the urban street with retail on the ground level and <br />residential above. <br />Mr. Cavazos noted the city expects at least two levels of below grade public parking <br />and anything built below grade will be for the project with no parking requirement; <br />and noted the project can go as high as the Ronald Reagan Federal Courthouse. <br />He noted that OliverMcMillan was rated the highest based on their experience, track <br />record, and urban focus, and requested the committee's input to enter into an <br />exclusive negotiation agreement to continue discussions. <br />Committee member Benavides noted this parcel is one of the last significant parcels <br />the city owns and is located in the core center of activity, the revitalization of the city <br />and wants to see some type of legacy signature project there, noted the downtown is <br />increasing as a destination and anticipate more so on the hospitality and looking at a <br />hotel component in the area. <br />Development & Transp. Council Committee Minutes 2 April 2, 2015 <br />