SR 05:026 - Laserfiche WebLink

Notwithstanding the Task Force's work to date, it recognizes that there are a number of significant issues that must be addressed prior to having a viable project including: · Developing more detailed project financial proforma, Developing a project footprint and preliminary architectural design, · Identifying a project site which includes utilizing either or both of the current Kottinger Place and Pleasanton Gardens sites or "swapping" these site with the City to utilize a portion of Kottinger Park, · Developing a tenant relocation plan, · Identifying the most probable funding source and beginning a preliminary review to determine potential for obtaining funds and developing a rent structure the is reflective of current rents. To move to the next phase of this project, staffhas identified three potential options all of which involve additional services as follows: · Select a non-profit developer willing to address issues with an assumption that it has development rights if a project is ultimately approved. · Select a non-profit developer willing to address issues on a fee basis without development rights. · Utilize a two phased approach with consultant services providing needed ownership alternatives, relocations and financing studies and a developer to focus on project sitting and design. At this time staff'is not prepared to recommend a specific approach. Rather, it intends to meet with the Task Force to discuss options and to develop a strategy for moving forward. Regardless of the approach taken, staff assumes solicitation of a request for proposals and the expenditure of some cost to conduct this work. While no cost estimate is currently available, staff anticipates fees of approximately $100K. Staff will forward any service agreement to the Council for approval prior to awarding a contract. The time frame to selecting developer/consultant services is approximately six months. SR 05:026 Page 6