CITY COUNCIL STAFF REPORT
MEETING DATE: SEPTEMBER 2, 2015
PREPARED BY: Edith Ramirez, Principal Planner/ Community Development
APPROVED BY: City Manager
TITLE
DISPOSITION AND DEVELOPMENT AGREEMENT WITH MONTEREY & THIRD STREET ASSOCIATES, LLC
END
RECOMMENDATION(S)
RECOMMENDATION
Adopt resolution approving the Disposition and Development Agreement between the City of Morgan Hill and Monterey & Third Street Associates, LLC. and delegating authority to the City Manager to execute and administer the Agreement.
BODY
COUNCIL PRIORITIES, GOALS & STRATEGIES:
Ongoing Priorities
Enhancing public safety
Maintaining fiscal responsibility
Preserving and cultivating public trust
2015 Focus Areas
Stimulate Economic Development
Advance Downtown Revitalization
REPORT NARRATIVE:
Request for Qualifications/Proposals Process
In August of 2014, the Successor Agency began the process of disposing of former Redevelopment assets in a manner consistent with the Long Range Property Management Plan (LRPMP) by broadcasting a Request for Qualifications/Proposals (RFQ/P) for four Downtown sites.
To assist with the RFQ/P selection process, a community-based group comprised of the Morgan Hill Economic Development Corporation, as well as two representatives each from the Morgan Hill Downtown Association and the Morgan Hill Chamber of Commerce (Review Committee), was formed to help assist with the management of this process, and to make recommendations to the City Council and Successor Agency regarding the development proposals received. Staff has worked closely with the Review Committee to developed recommendations for selection of all of the development sites.
Following the Qualification phase, where seven development firms were pre-qualified, the City issued a Request for Proposals (RFP) asking for site-specific development proposals, price, terms, and timeline. The City received responses from only two developers including a single p...
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