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REQUEST FOR <br />COUNCIL ACTION <br />CITY OUNCIL MEETING DATE: <br />SEPTEMBER 16, 2014 <br />TITLE: <br />REQUEST FOP, QUALIFICATIONS FOR <br />THE THIRD AND BROADWAY <br />DEVELOPMENT PROJECT <br />Z <br />CITY MAINAGERfj <br />RECQMMENDED A97`10N <br />Exhibit 2 <br />CLERK OF COUNCIL USE ONLY: <br />ulatmhw <br />Q As Recommended <br />M As Amended <br />El Ordinance on 151 Reading <br />0 Ordinance on 2N Reading <br />[I Implementing Resolution <br />[I Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />Authorize the Planning and Building Agency to release a Request for Qualifications for the Third and <br />Broadway Development Project. <br />Staff is requesting authorization to release a Request for Qualifications (Exhibit 1) to experienced <br />commercial and residential development firms regarding the opportunity to partner with the City to <br />develop the property which currently contains the City -owned parking structure located at 201 West <br />Third Street. The 1 43 acre site Is located at the corner of 3rd Street and Broadway and represents <br />the largest developable parcel In the downtown with the greatest opportunity for development, Staff <br />has received and incorporated feedback and recommendations on the content and form of the RFQ <br />from a number of sources including the Development and Transportation Committee, LILI Technical <br />Assistance Panel, Dr. Richard Willson from Cal Poly Pomona, Kosmont Companies and the Planning <br />Division's urban design consultant. <br />STRATEGIC PLAN &IGNMENT <br />Approval of this Item supports the City's efforts to meet Goal 43 Economic Development, Objective <br />#5 (Leverage private investment that results in tax base expansion and job creation citywide), <br />Strategy A (Identify and market underutilized properties (city and non -city owned) for new <br />development that will create new jobs and expand the City's tax base (e.g. YMCA, 3'd and Broadway <br />parking structure, Saddleback Inn site). <br />FISCALIMPACT <br />There is no fiscal impact associated with this action. <br />W_ �A��_ <br />Karen Haluza <br />Interim Executive Directov <br />Planning and Building Agency <br />MF:rb MF/ReportsRrCNs — P and 13rcadway RPQ Raleam RFCA <br />Exhibit: 1. Request for Qualifications <br />6501-7 <br />