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JULY 5, 2018 TITLE: REOU98T FOR QUALIFICATIONS FOR THE THIRD STREETAND BROADWAY DEVELOPMENT PROJECT (STRATEGIC PLAN NO. 3,6A) Exhibit 3 CLERK OF COUNCIL USE ONLY: 1.7--ifTIMPR As Recommended As Amended Ordinance on I't Reading El Ordinance on 214 Reading Implementing Resolution Set Public Hearing For CONTINUED TO FILE NUMBER Review and SelectLan option for the Third and Broadway Streets Development Project from the options listed below. Consider the attached draft Disposition and Development Agreement �Sample Draft Disposition and Development Agreement) and provIdeL direction; 2. Direct stalf 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 now 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 Septenriber 16, 2014, the City, Council directed the Planning and Building Agency to release a Request for Qualifications for the Third and Broadway Development Project, On September 18, 2014, the Planint.rig and Building Agency Issued a Request for Quallf1pat[ons outlining several components dealred by the City Cqvndl, Among the components of the,new project, there was an expressed desire to see a hotel/hospitailty component, Five proposals were received by staff, only one of whloh, 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 r L;RWO