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File #: 56020    Version: Name: Approving the Selection of a Judge Doyle- Block 88 Development Team with Whom to Commence Negotiations and Directing Further Actions.
Type: Resolution Status: Passed
File created: 5/23/2019 In control: Finance Department
On agenda: 6/11/2019 Final action: 6/11/2019
Enactment date: 6/14/2019 Enactment #: RES-19-00432
Title: SUBSTITUTE - Approving the Selection of a Judge Doyle- Block 88 Development Team with Whom to Commence Negotiations and Directing Further Actions.
Sponsors: Satya V. Rhodes-Conway, Michael E. Verveer
Attachments: 1. Gebhardt Development - Block 88 Finance Committee 5-28-19.pdf, 2. Gebhardt Development Response - Block 88 Finance Committee Letter 5-29-19.pdf, 3. City Negotiating Team Report.pdf, 4. Letter from Mandel Group to George Austin Regarding JDS - 20190528.docx.pdf, 5. Judge Doyle Square Project.pdf
Fiscal Note
This resolution authorizes the selection of a developer and negotiations toward an agreement to develop the private element of Block 88 above the publicly-owned below-ground and above ground parking facilities. A development agreement will also include compensation for the air rights and the above-ground Podium structure consisting of ground floor retail space and two floors of above ground parking. A total of $50.4 million has been appropriated from Parking Utility Reserves ($23.4 million), TID 25 incremental revenues ($24 million), City general obligation borrowing ($2.3 million), and remaining Federal TIGER grant funds ($0.7 million). Consulting costs and City staff time related to negotiating a development agreement will be absorbed within the Judge Doyle project budget and current agency budgets. No further city appropriation is anticipated. See the attached staff team report for an analysis of the proposals, including proposed payments to the city for the Podium element of the project and the air-rights.
Title
SUBSTITUTE - Approving the Selection of a Judge Doyle- Block 88 Development Team with Whom to Commence Negotiations and Directing Further Actions.
Body
WHEREAS, on February 26, 2019, the Common Council adopted RES-19-00161 to authorize the issuance of a Request for Proposals (RFP) to seek a developer to complete the private portion of the Judge Doyle - Block 88 project; and

WHEREAS, on March 1, 2019, the City issued the RFP, with a due date of April 15, 2019; and

WHEREAS, on April 15, 2019, three proposals were received by the City of Madison from Gebhardt Development of Madison, WI, Mandel Group of Milwaukee, WI, and Stone House Development of Madison, WI; and

WHEREAS, the Finance Committee conducted interviews of the three development teams on May 16, 2019, and the City Negotiating Team completed a completeness and compliance review of the responses, conducted technical interviews of the development teams on May 7 and 8, 2019, c...

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