SUBJECT: REQUEST FOR QUALIFICATIONS STATEMENT AND PROPOSAL TO DEVELOP OFFICE/RETAIL PROJECT IN CONNECTION WITH DOWNTOWN PARKING STRUCTURE

Recommendation:

That the City Council receive and file this report

Background:

On December 11, 1995 the City Council approved development permits for the downtown parking structure which includes retail frontage along Hermosa Avenue. Preliminary plans called for development of up to 7000 square feet of retail and office fronting the parking structure. Parking structure construction has commenced and it is necessary to proceed with the process for selecting a developer to construct the retail and office building. Timely completion of the retail/office building is an important part of completing the parking structure.

Analysis:

The process for selecting a development team involves publishing an RFP/RFQ and distributing it to potential developers. Project development goals and selection criteria will be reviewed and approved by City Council as part of the selection process.

Staff will prepare a draft copy of the RFP/RFQ and a list of preliminary development goals over the next month for City Council consideration .

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