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Third and Broadway Deveiopment Project <br />July 5, 2018 <br />Page 4 <br />27. Developer shall be fully responsible for securing and leasing staging locations at the <br />developer's expense to the satisfaction of the City, The construction staging location <br />and equipment shall not Impede day-to-day activities in surrounding areas, <br />2& The construction management and mitigation plan shall be disoussed and analyzed as <br />part of the environmental review process prior to final approvals. <br />The City Council has the following options: <br />1 � Consider the attached draft Disposition and Development Agreement Sample Draft <br />Disposition and Development Agreement) and provide direction; <br />2, Direct staff to prepare a sample Exclusive Negotiation Agreement for consideration to be <br />exeouted with a qualified developer, or <br />3, Direct the Planning.and Building Agency to prepare a now Request for Qualifications, <br />followed by a detailed RequeStfor Proposal prom. s; or <br />4. Provide additional dirsotion to. staff on the development of the Third Street and Broadway <br />Project. <br />Approval of this Item supports the City's efforts to meet Goal #3 - Economic Development, <br />Objective #5 (Leverage private investment that results In tax base expansion and job creation <br />altyw1da), Strategy A (identify and market underutillzed properties fbr now development that will <br />create now jobs and expand the City's tax basp), <br />FISCAL IMPACT <br />There Is no fiscal Impact associated with this action, <br />MAR <br />N <br />HH:rb <br />hMportOrd & Orqadway — June 18, 201a <br />Exhibit; 1 . Sample Disposition and Development Agreement <br />6501-11 <br />