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HomeMy WebLinkAbout12610RESOLUTION NO. 12610 A RESOLUTION APPROVING THE DESIGNATION OF SDL PROPERTIES, LLC AS THE PREFERRED DEVELOPER TO ENTER INTO AN EXCLUSIVE NEGOTIATION AGREEMENT FOR THE DEVELOPMENT OF THE “OLD POLICE BUILDING” PROPERTY, LOCATED AT 130 CENTRAL MAIN STREET AND APPOINTING A NEGOTIATING COMMITTEE THEREFOR BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. The City Council does hereby ratify and approve the designation of SDL Properties, LLC (the “Developer”) by the City of Pueblo, a Municipal Corporation (the “City”), as the preferred developer to enter into an exclusive negotiation agreement with the City for the disposition and development of the “Old Police Building,” upon such terms and conditions as the City may determine. SECTION 2. The City Council does hereby ratify and approve the appointment of the following persons to act as the “Old Police Building” Negotiation Committee to meet and confer with the Developer to negotiate a Disposition and Development Agreement for the City to be submitted to City Council for review, acceptance, and approval, to wit: Name Organization Sam Azad City Manager Earl Wilkinson, P.E. Director, Public Works Julie Ann Woods, AICP/ASLA Director, Planning and Community Development Kristi Alfonso Executive Director, Pueblo City Center Partnership John Batey Executive Director, Pueblo Urban Renewal Authority Jim Munch Executive Director, HARP INTRODUCED: March 11, 2013 BY: Chris Nicoll Background Paper for Proposed RESOLUTION DATE: MARCH 11, 2013 AGENDA ITEM # M-6 DEPARTMENT: PLANNING & COMMUNITY DEVELOPMENT JULIE ANN WOODS, AICP/ASLA, DIRECTOR TITLE A RESOLUTION APPROVING THE DESIGNATION OF SDL PROPERTIES, LLC AS THE PREFERRED DEVELOPER TO ENTER INTO AN EXCLUSIVE NEGOTIATION AGREEMENT FOR THE DEVELOPMENT OF THE “OLD POLICE BUILDING” PROPERTY, LOCATED AT 130 CENTRAL MAIN STREET AND APPOINTING A NEGOTIATING COMMITTEE THEREFOR ISSUE Should the City Council approve the designation of SDL Properties, LLC as the preferred developer to enter into an exclusive negotiation agreement for the development of the “Old Police Building” property located at 130 Central Main Street and appointing a negotiating committee? RECOMMENDATION Approval of the Resolution. BACKGROUND The City of Pueblo solicited qualification and cost-based proposals from private sector developers to purchase or lease and redevelop a parcel of property commonly referred to as the “Old Police Building” property, located at 130 Central Main Street, Pueblo, Colorado on December 5, 2012 with an Addendum published on December 14, 2012. SDL Properties, LLC, was the only development team to submit a Proposal Response contemplating redevelopment of 130 Central Main Street for a mixed use building that may include the following uses: “Brewery/Restaurant, Retail, Professional Office Space, and several luxury apartments.” The proposal also includes provisions for the demolition and redevelopment of 150 Central Main Street (current City of Pueblo Finance Department) for temporary parking servicing 130 Central Main Street and the Regional Tourism Act (RTA) area. On February 4, 2013, SDL Properties, LLC submitted additional information regarding their proposal in response to a letter issued by the Department of Planning and Community Development citing proposal deficiencies, identified by the Project Review Committee. The February 4, 2013, submittal includes provisions for a 4,000 square-foot daycare use and 1,200 square-foot exercise studio. A driveway along the west side of the building and a reference to a condominium plat were also included in the revised proposal. Staff is requesting City Council approve this Resolution to enter into exclusive negotiations with SDL Properties, LLC to resolve outstanding land use and infrastructure issues related to the submittals FINANCIAL IMPACT At this point there be no financial impact to the City, although the designation of SDL Properties, LLC could result in the approval of an agreement for the sale or lease and redevelopment of the Old Police Building at 130 Central Main and potentially the redevelopment of the adjacent owned property at 150 Central Main Street.