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HomeMy WebLinkAbout19C - ENA YMCA REUSEREQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: FEBRUARY 5, 2019 TITLE: AUTHORIZATION TO NEGOTIATE AN EXCLUSIVE NEGOTIATING AGREEMENT WITH CARIBOU INDUSTRIES FOR RENOVATION AND REUSE OF THE YMCA PROPERTY LOCATED AT 203-205 W. CIVIC CENTER DRIVE (STRATEGIC PLAN NO. 3, 5A) K44 7:(e7X•7�IWig APPROVED ❑ As Recommended ❑ As Amended ❑ Ordinance on 181 Reading ❑ Ordinance on 2nd Reading ❑ Implementing Resolution ❑ Set Public Hearing For CONTINUED TO 1 t � FILE NUMBER CITY MANAGER RECOMMENDED ACTION Authorize the City Manager to negotiate an Exclusive Negotiating Agreement (ENA) for the reuse of the YMCA property with Caribou Industries, subject to non -substantive changes approved by the City Manager and City Attorney. DISCUSSION The YMCA building located at 203-205 West Civic Center Drive (Site) was purchased by the City in 1992. The building has been vacant since that time and has been in serious disrepair due to age and vandalism. Recent efforts have been taken to remediate several outstanding issues such as asbestos clean-up and the placement of security cameras at the site. Over $1 million dollars in funding was used to remediate these issues. Over the years, the City has made several attempts to market/entertain proposals for the site but the substantial City subsidy required by developers and end users has been an issue. To bring the building up to current City codes, it would require an anticipated investment of up to $5 million dollars for seismic retrofit, fire suppression, electrical/plumbing to current code, and other structural improvements. In November 2015, the City Council approved an option agreement for the sale and renovation of the YMCA with St. Joseph's Health System for the development of a fitness center/community venue for the underserved population living near the downtown. Unfortunately, citing ever-changing dynamics of health and fitness businesses in downtown and an unforeseen project cost estimate over $5 million higher than anticipated, St. Joseph's Health System requested to terminate the Agreement to purchase and rehabilitate the YMCA in December 2017. 19C-1 ENA for YMCA February 5, 2019 Page 2 In February 2018, the City released a Request for Qualifications and Development Concepts (RFP# 18-204) for the renovation and reuse of the former YMCA Building. Four proposals were received in April, 2018 for this solicitation. Evaluation of Proposals Each proposal has been evaluated and additional information was requested from the developers during the months that followed. All proposals were then evaluated by a selection panel which included representatives from the Community Development Agency, Planning and Building Agency, and the Public Works Agency. Criteria included experience of firm and key personnel; financial capacity; development schedule, project concept and completeness of proposal including organization and clarity. As a final step in the evaluation process, all four proposers were invited to present their development proposals to the Economic Development, Infrastructure, Budget and Technology (EDIBT) Council Committee on August 20, 2018. The proposals represented a range of development opportunities listed below. The selection panel completed the review of the proposals and the rankings are as follows: Proposer Score 1. Howard CDM/Orange County High School of the Arts (OCSA) 86.25 e Expansion of OCSA to include a new Design and Art Center 2. Caribou Industries 67.48 e Boutique hotel 3. Community Development Partners/City Fabrik 66.75 e Veteran's Hall project including residential 4. The Sound e A community center/small business start-up incubator 66.00 Committee Direction At the September 10th regular EDIBT Council Committee meeting, the Committee directed staff to take an extra step to reach out to the top two rated proposers (Howard CDM/OCSA and Caribou Industries) to see if the two proposers could team up on pairing their proposal for resubmission to the City. Staff reached out to both parties via telephone on Friday, September 14, 2018. After discussing the potential of a joint proposal, both Howard CDM/OCSA and Caribou Industries agreed that a deal would not work at this time. At the October 8th Special EDIBT Council Committee meeting, the Committee directed staff to proceed with a recommendation to the full Council to enter into an exclusive negotiating agreement with Caribou industries for the renovation and reuse of the YMCA building. Caribou's project, which includes a hotel component, is expected to generate significant tax revenue for the City. The Committee also requested that the Caribou proposal include substantial community benefits, citing examples such as a Sylvia Mendez Museum, a concept utilizing wine and spirits, 19C-2 ENA for YMCA February 5, 2019 Page 3 or shared space for local workers as part of the project. Caribou has also expressed interest in leasing a portion of the YMCA to the Orange County High School of the Arts for their proposed Design and Art Center project. Upon City Council approval of this action, staff will begin the development of a draft Exclusive Negotiating Agreement with Caribou Industries and will work to define the business terms of the agreement for future City Council action. STRATEGIC PLAN ALIGNMENT Approval of this item allows the City to meet Goal #3 (Economic Development), Objective #5 (Leverage private investment that results in tax base expansion and job creation citywide), Strategy A (Identify and market underutilized properties for new development that will create new jobs and expand the City's tax base). FISCAL IMPACT There is no fiscal impact associated with this action. Steven A. Mendoza Executive Director Community Development Agency Exhibit: 1. 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