AgdaPkt 2011-05-23 - Laserfiche WebLink

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8.B. - Page 4 well. For the two options further described below, an ERN is also included and the recommendation for a short negotiation period applies in those cases as well. The period can be extended in any case if deemed appropriate. • Request for Proposals. This option would be similar to a RFP under the City Charter, but because the RDA has broader powers concerning the disposition of real property, the Agency would have greater flexibility in selecting the developer and establishing specific development. Circulating an RFP in this case would provide an opportunity to consider a variety of creative approaches to developing Block 2 and/or the Winslow Lot. Unlike the City, the RDA is not required to sell property to the highest bidder, although it must secure a price not less than what is justified by the development opportunity considering the use, constraints, and criteria imposed by the agency. Developers would submit proposals which would show site plans, architectural renderings, and tenant types, allowing such factors to be considered by the Agency when selecting a developer. After evaluating and making a selection, the RDA could enter into an ERN agreement with the selected developer. As with the City Charter scenario, the RFP could be structured to allow proposals for Block 2 alone, the Winslow Lot alone, or for both sites together. While a RFP has many benefits, it may not attract the broadest group of candidates possible. Some developers avoid RFPs due to a concern that significant resources will be expended without any assurance of getting the project, or because of fears that if they lose, ideas of theirs may be used by the winning proposer. A Request For Qualifications (RFQ) process, described below, can widen the field of potential developers by avoiding these concerns. • Request for Qualifications �RFQ� A RFQ would request that, rather than submitting designs, the developers submit their qualifications for the project. These qualifications can include strong financing, experience with similar projects, a strong track record of local work, or other factors specified in the RFQ. After evaluating and making a selection, the RDA could enter into an ERN agreement with the selected developer. As with an RFP, the RFQ could be structured to allow proposals for Block 2 alone, the Winslow Lot alone, or for both sites together. ALTERNATIVES 1. Request staff to return with more information at a future meeting. 2. Direct staff to defer further work on these sites until additional information is available for High-Speed Rail or until another benchmark of Council's choice has been reached. FISCAL IMPACT At this time, the primary cost associated with exploring these development opportunities is staff time. The City is also now in contract for various professional services, but intends to pass those costs to the selected developer as part of the business terms of