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Item ~ 5:1. <br /> <br />MEMORANDUM <br /> <br />TO: <br /> <br />FROM: <br />DATE: <br /> <br />Housing & Redevelopment Authority <br />Mayor & City Council <br /> <br />Catherine Mehelich, Director of Economic Development~/~/ <br />August 26, 2002 <br /> <br />SUBJECT: Downtown Revitalization Project <br /> <br />Attachments <br /> · Ehlers & Associates memo regarding Post Development Selection Actions <br /> <br />Background <br />In early May the HRA received five proposals in response to its request for proposals for the <br />Downtown Revitalization Project. In July the HRA and City Council completed an <br />interview of the three selected finalist developers - TOLD Development, MetroPlams <br />Development, and Best & Hempel. <br /> <br />Jim Prosser, of Ehlers & Associates will be present at the HRA meeting to discuss the <br />preliminary development process. <br /> <br />Requested Action <br />Staff recommends that the HRA authorize staff and Ehlers & Assoc. to negotiate a <br />Preliminary Development Agreement with a selected developer for the Downtown <br />Revitalization Project. A draft Preliminary Development Agreement will be presented to the <br />HRA for review and consideration at its regular meeting in September. <br /> <br />The City Council is asked to ratify the HRA's selection of a developer at the regular City <br />Council meeting immediately following the HRA meeting. <br /> <br />&\Downtown Revitalization\ Memos~devselecdon.doc <br /> <br /> <br />