Memo - CBD Developer Selection
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Planning & Economic
Development
MEMORANDUM
TO:
Honorable Mayor Maxwell and Hopkins City Council Members
Kersten ElverumWing Coordinator
August 2, 2001
FROM:
DATE:
SUBJECT:
East CBD Redevelopment Project - Developer Selection
The purpose of the discussion of this item on August 8, 2001, is to narrow the field of
developers and to decide on a process for final selection.
Selection of Finalists
Narrowing the list of developers was scheduled for August 8, 2001, to give Council
members the opportunity to further review the proposals and developers' projects. The
results of this review should be discussed and a decision made regarding which
developers the City Council would like to consider as finalists.
Final Selection
Tentatively, a tour of the finalists' projects is scheduled for August 14, 2001. If the
Council still desires to tour projects, the schedule and agenda for the tour and subsequent
worksession for that evening will. need to be reviewed.
The City Council will also need to decide if there is additional information or follow-up
questions that the developers should address prior to the tour and second interview.
Possible questions include the developers' timeline for project implementation, approach
towards community and neighborhood input, and offer for land. Staff would recommend
that the City Council ask Ehlers & Associates to complete a financial analysis of the
finalist's capability to perform and the project's ability to be successful.
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The Council should also decide on the questions to be asked as part of the second
interview and the evaluation criteria. Staff has asked Sid Inman to prepare recommended
questions relating to a variety of issues and a recommendation for the process of
selection. This information will be available on August 8, 2001.
The following is the schedule for developer selection agreed to on July 30, 2001:
Date
Activity
8/1/01 - 8/7/01
8/8/01
8/9/01 - 8/13/01
8/14/01
8/20/01
8/21/01
9/4/01
Review proposals and project sites
Narrow field of developers
Conduct reference checks on finalists
Tour developer projects/second interview
Deadline for negotiations for purchase of Luther property
Select developer
Approve preliminary development agreement