HomeMy WebLinkAboutR10-Economic Development Agency
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JIBOUBST POR COIWIISSIOR/COlIIICIL ACTIOR
From: TIMOTIIY C. STBIlUIAUS
Agency Administrator
Subject:
IIBQlIBST POR PROPOSALS
(DOWI'lOWB' PROJBCT)
Date: August 23, 1991
Synopsis of Previous C-'.ssion/Ccnmcll/c-tttee Action:
On August 22, 1991, the Redevelopment Co_ittee reco_ended approval of an
Exclusive Negotiating Agreement with Rancon Financial Corporation.
Rec. -.led IIDtion:
(CllII__u:r IlBVBLOPIIBIIr COIWIISSIOR)
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THAT TIIB BDCUTIVJI DIUcroB or TIIB IlBVBLOPIIBIIr DBPD............ BB ADrIIORIZBD TO
PDPAD dD ISSUB A IIBQlJBST POB PROPOULS TO IlBVBLOP A LARGB-SCALB IIBDBVELOPMIlIT
PROJBCT IR TIIB CIIIDAL crn BOIl!'B PROJBCT r'
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T~ STBIlIIWJS
Agency Ad.tfttstrator
Contact Person: Ken Henderson/John Hoeaer
Phone: 5065/5081
Project Area: Central Citv North
Ward(s): One (1)
Supporting Data Attached: Staff ReDort: MaD
FUNDING REQUIREMERrS:
AmolUlt: $ None
RIA
Source:
Budget Authority:
RIA
C~SSion/COlUlcll Rotes:
JBH:1ag:4171H:
COMMISSION AGENDA
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BCOROIIIC DBVBLOPIIIft A~
SUIT urOft
Reaaest for ProDOsals
An item was presented to the Redevelopment Committee regarding an Exclusive
Negotiating Agreement with Rancon Financial Corporation for the area shown on
the attached map. The development concept was commercial in nature and was to
include mid-rise office buildings, restaurant and retail projects to the extent
they are supported by market feasibility studies.
The Redevelopment Committee acted favorably on the proposed Agreement.
Subsequent to the August 22, 1991 Redevelopment Committee meeting, it has been
determined that it may be more appropriate for the Department to prepare and
issue a Request for Proposals which would allow other interested developers a
chance to submit concepts for consideration.
In order to allow the widest possible choice among potential developers, staff
recommend adoption of the form motion.
/'
1:JftlrIU C. S'l'BllIBAIJS, ._t..t strator
Bccnu.1c DeYelo~t Agen&:J'
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KJB:JBB:lag:4171B
CClMISSIOlI I'WUJ._
ReetiD& Date: 9/3/91
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Exhibit · A"
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