Title
Request for Proposal - Mixed Use Development for City Parking Lot # 10 (B)
This item involves a request for the City Commission to approve staff's ranking of mixed use development proposals for City Parking Lot # 10.
Explanation
On July 20, 2017, the City Commission directed staff to initiate a competitive process for Lot #10 and to re-initiate the open bid process.
Staff released a Request for Proposals (RFP) for the property on September 20, 2017 and received three (3) proposals of which two (2) were invited to participate in final oral presentations which were held in December, 2017.
Staff evaluators found both final proposals strong and substantive in their own right as each pursued the goals of the RFP albeit in a different manner.
As a result of this evaluation process staff is recommending the following ranking:
1) EDA Engineers-Surveyors-Planners, Inc.
2) Concept Construction Inc., a subsidiary of Concept Companies, Inc.
Fiscal Note
The purchase price offered for Lot #10 by EDA Engineers-Surveyors-Planners, Inc. is $2,340,000 which is based upon the latest market appraisal.
Recommendation
The City Commission: 1) hear a presentation from staff; 2) approve staff's recommended ranking of the firms; 3) authorize the City Manager or designee to negotiate a Contract for Sale and Purchase and a Disposition and Development Agreement and any related documents with EDA Engineers-Surveyors-Planners, Inc., subject to approval from the City Attorney as to form and legality; and, 4) return to the City Commission with said documents for review and approval.