Title
An Ordinance approving a Development Structure Agreement for the Downtown Market Center Project. (F&BC 4/12/21)
Body
Issue/Request:
An Ordinance approving a Development Structure Agreement for the Downtown Market Center Project
Key Issues:
Approval of the Development Structure Agreement for the Downtown Market Center project will create the formal engagement of the Master Developer and Manager to assist the City and Downtown Community Improvement District (CID) with the initial steps toward pursuing the redevelopment of the area bounded by 2nd Street to the north, 3rd Street to the south, Green Street on the west and Johnson Street on the east, and extending across Green Street into the area that currently serves as the Civic Plaza for City Hall.
The Development Structure Agreement will pertain to work such as public engagement, preliminary planning, preliminary budget (redevelopment project and programming), programming of public space, and management planning for the project. Once this work is achieved, it is envisioned a future Development Agreement will be structured for the Master Developer, and a Management Agreement structured for the Manager for the project. A visual chart has been prepared that outlines key aspects and roles for the Master Developer and Manager under the Development Structure Agreement.
A Request for Qualifications (RFQ2021-018) was advertised for Professional Development Services (Master Developer) and Professional Management Services (Manager) for the Downtown Market Center project. A total of 13 submittals were received and a selection committee selected six highly qualified companies to interview for these roles. The selection committee was comprised of four City staff members and three Downtown Community Improvement District members. After conducting the six initial interviews, the selection committee selected the top ranking companies to conduct second round interviews and have further dialogue about the proposed ...
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