Fiscal Note
The 2005 Parking Utility Capital Budget authorizes $11,105,000 for this project, funded with Parking Utility resources and $5,000,000 from the sale of air rights above the new facility. This resolution authorizes use of staff resources to create a redevelopment district and negotiate the terms of a proposed development agreement in anticipation of development at this site.
Title
AMENDED - Conditionally accepting the Proposal from Statehouse West, LLC for a Mid-State Street Parking and Mixed-Use Facility, authorizing staff to negotiate the terms of the disposition of the Buckeye Lot, and for staff to submit to the Common Council the terms and conditions of any sale or redevelopment, and authorizing the Parking Utility to release a Request for Proposals for architectural and design services for an underground short-term parking facility to replace the existing Buckeye Lot.
Body
WHEREAS, the Common Council adopted Amended Third Substitute Resolution 61726 on July 20, 2004, which authorized the release of a Request for Proposals (RFP) for the redevelopment of the Buckeye Lot as a mixed-use project including parking available to the public; commercial, and residential development; and
WHEREAS, as an element of Amended Third Substitute Resolution 61726, City staff were authorized to release the RFP, receive proposals, and along with City staff, community stakeholders, and at least two (2) members of the Transit and Parking Commission and one (1) member of the Board of Estimates (the Evaluation Team), review them against the criteria identified in the RFP, and prepare any and all documents necessary to bring a project back to the Council for adoption and implementation; and
WHEREAS, the City did prepare and release an RFP, which indicated proposals to which were to be received by November 15, 2004; and
WHEREAS, the City did receive one proposal for the project from Statehouse West, LLC (Statehouse West); and
WHEREAS, Statehouse Wes...
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