Title
Power District (B)
This item involves GCRA Board review of proposed recommendations regarding bringing the Power District project to market.
Explanation
On April 7th at a joint meeting of the GCRA Board and the City Commission an agenda item was reviewed regarding next steps associated with bringing the Power District project to market
Input was provided by the GCRA Board and the City Commission regarding various components of the project to include: project boundaries, project goals and project mechanics.
This presentation is intended to review those components again and to receive a recommendation from the GCRA Board to the City Commission on next steps.
Strategic Connection
Goal 4, Resilient Local Economy, has a high priority management action regarding City owned land inventory and disposal. The Power District property is City owned land and the intent is to bring it to market in order to facilitate economic development.
Fiscal Note
No fiscal ramifications regarding this item at this time however if the direction is to move forward there will be costs associated with recommended updates associated with due diligence identified by Colliers.
Recommendation
The GCRA Board: 1) hear a brief presentation from Colliers International; 2) approve the recommendation and/or provide direction as deemed appropriate.