Item3a_Presentation_URB 10.18.21 — original pdf

Backup

Urban Renewal Agency | AEDC Nov 21-May 22 Spring 23 Pre Development Feasibility May 22- Dec 22+ RFP Solicitation Through Approvals Development Post Occupancy AEDC: • • • • URA: • Community relations and outreach Facilitate feasibility & economic pre-analysis Complete Phase II environmental (with City) Participate in feasibility & Economic pre-analysis Align Urban Renewal Plan COA Reimbursement for Pre Development Costs AEDC: • Draft & issue RFP (URA Approval) • Marketing for RFP TA for respondents • Facilitate evaluation committee • Transaction negotiations • Facilitate URA/Council • approvals URA: • Nominate Committee & Participate in Evaluation Approve Developer (City Council Final Approval) • AEDC: • • Development support If applicable, Cultural Trust investment support URA: • Oversee development • process through regular reports by AEDC Consider additional efforts to support district development activity AEDC: • Asset Management for any City owned property (e.g. Ground Lease, Cultural Anchor) URA: • District role to be determined Transaction Fee Asset Management Fee Urban Renewal Agency: Disposition Plan for Block 16 & 18 OCT NOV DEC JAN 22 FEB MAR APR MAY JUN JULY AUG SEPT OCT Kick Off Release RFP NOV/ DEC Selection MOU Project Plan Complete Phase II Procure Consultants Project Feasibility Community Engagement Market Outreach Draft RFP RFP WORKING SCHEDULE DRAFT-SUBJECT TO CHANGE Evaluation STAFF ANALYSIS COMMITTEE NEGOTIATIONSS APPROVALS AEDC ORGANIZATIONAL CHART- IN PROGRESS Key: Fiscal Years 2021 2022 Int 2022 2023 Future Board of Directors TBD TBD Exec Comm CTAC CEO JAN 22 Exec Assistant JUL 22 CFO COO CXO JUL 22 JAN 22 SEPT 21 Community Outreach Mgr JAN 22 RE/Asset Manager JUL 22