Agenda

Back to Calendar Return

Item # 16.

Council Meeting

Meeting Date:	10/27/2020
Department:	City Manager
Pillars:	Excellence in Transportation Systems
Milestones:	Improve all modes of transportation with infrastructure in an acceptable condition and well maintained

AGENDA CAPTION:

Present, Discuss, and Consider Action on the Appointment of a Selection Committee for the Addison Circle/Silver Line Station Transit-oriented Development Project.

BACKGROUND:

Cushman and Wakefield, the Town’s real estate advisor/broker for the properties located adjacent to the DART Silver Line Transit Station, is initiating the process to select a master developer and development proposal in accordance with the adopted vision for the area. The appointment of a Selection Committee composed of Council members is part of this effort. The Selection Committee will update and make recommendations to the City Council on the following:

The parameters to be used in the selection of a master developer through a RFP process:
The developers chosen to advance to the second phase of the selection process; and
The selection of the preferred development partner based on formal proposals which will include a development concept and information on how they will finance the development.

The Selection Committee’s meetings will start in November and continue until the ultimate preferred developer is chosen. Staff recommends the appointment of 3 City Council Members to the Selection Committee.

RECOMMENDATION:

Staff seeks direction from Council.