65A - RFQ - 3RD AND BROADWAY DEV

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THIRD AND BROADWAY 201 E THIRD 201 EAST THIRD CITY COUNCIL MEETING DATE: JULY 5, 2016 TITLE: REQUEST FOR QUALIFICATIONS FOR THE THIRD STREET AND BROADWAY DEVELOPMENT PROJECT (STRATEGIC PLAN NO. 3, SA) 13,990MMENDEQ ACTION CLERK OF COUNCIL USE ONLY: APPROVED ❑ As Recommended As Amended C7 Ordinance on I" Reading ® Ordinance on 2n4 Reading Implementing Resolution ® Set Public Hearing For CONTINUED TO Review and select an option for the Third and Broadway Streets Development Project from the options listed below: 1. Consider the attached draft Disposition and Development Agreement (Sample Draft Disposition and Development Agreement) and provide direction; 2. Direct staff to prepare a sample Exclusive Negotiation Agreement for consideration to be executed with a qualified developer; or 3. Direct the Planning and Building Agency to prepare a new Request for Qualifications, followed by a detailed Request for Proposal process; or 4. Provide additional direction to staff on the development of the Third Street and Broadway Project. On September 16, 2014, the City Council directed the Planning and Building Agency to release a Request for Qualifications for the Third and Broadway Development Project. Can September 18, 2014, the Planning and Building Agency issued a Request for Qualifications outlining several components desired by the City Council, Among the components of the new project, there was an expressed desire to see a hotel /hospitality component; Five proposals were received by staff, only one of which, the proposal presented by Caribou Industries, included a hotel component, Subsequently, staff presented the proposals to the Development and Transportation Committee of the City Council, recommending Oliver McMillan as the most qualified developer to develop the site.. However, at a later meeting, the Development and Transportation Committee directed staff 65A -1