Title
Authorize CRA to Act as Agent for City for Development of GTEC Area (NB)
This is a request for City Commission approval to authorize the CRA to act as Agent to the City to lease the property or portions of it to other entities.
Explanation
One of the largest undertakings of the Eastside Redevelopment area is the redevelopment of the 13-acre Gainesville Technology Enterprise Center (GTEC) area. At the February 17, 2014 CRA Board meeting the CRA Board approved a 30% Conceptual Master Plan and authorized Phase 1 development limits and negotiation of construction documents contract. The conceptual master plan creates an expanded business center, aiming to retain GTEC graduate companies in East Gainesville and attract additional economic activity to the area. In addition to the design and community outreach efforts, the CRA has been working with developers and companies to create private sector partnerships for building construction within the expanded GTEC campus.
The CRA Board also authorized CRA staff to issue an RFP seeking qualified developers interested in constructing buildings to house office, commercial, wet-lab, retail and other complimentary uses on the GTEC Area parcels 11340-0-0 and 11341-0-0 and recommended to that the City Commission authorize the CRA to act as an Agent to the City to lease the property or portions of it to other entities.
Fiscal Note
None at this time
Recommendation
CRA Board to City Commission: 1) Authorize the CRA to act as an Agent to the City to lease the property or portions of it to other entities.