NCOP __nzvorr to mavor ann conc ‘TO THE HONORABLE MAYOR AND COUNCIL: DATE: September 129, 2015 SUBJECT: REPORT-ONMASTER DEVELOPER TERM SHEETS AND SELECTION PROCESSRECOMMENDATION FOR SELECTION OF CATELLUS DEVELOPMENT CORPORATION AS THE MASTER DEVELOPER PARTNER TO IMPLEMENT THE FIRST PHASE OF THE CONCORD [REUSE PROJECT AREA PLAN AND TO INITIATE NEGOTIATIONS FOR ‘A DISPOSITION AND DEVELOPMENT AGREEMENT ‘Report in Brief 14, 2015, the City Council selected Catelus Development Corporation and Lennar Urban as two finalsis in the Master Developer selection process. Following that selection Local Reuse Authority (LRA) saff initiated separate bul parallel negotiations with each fim These ogtiatons relied in the wo tem shows attached to this report A term sheet isthe outline of the ‘contract that would be drafted if either finalist were selected, I-provides the most important parts ‘of the disposition and development rt (DDA) that will ultimately be negotiated between the City and selevted master developer Toth Finalists and the City have agreed to negotiate in good faith the terms of the DA based on the approved term sheet ifone of them is selected The tem sheets are similar in standard _qonirct terms, seimbussement_of city costs, ‘entitlement, fiscal neutrality tothe City, inffastucture over SZ ext Jbor agreements, local hire policies remediation, habitat mitigation. ‘There are, however, several key differences i the teem shoels, which are highlighted in this report salon theres of the lam sheet negotiations reals of site vist to representative Development Corporation be seed os le dno maser developer implanent efit phase of the Concord Reuse Project Arca Plan, 1. Introduction This report ia fies step in providing-dhe-informationprovides the background that Council needs to make a selection of a single master developer to be the City’s partner in implementation of the Concord Area Plan for reuse of the former Concord Naval Weapons Station, Attached to this report are the doailed term sheets for the two maser developer finalists and other supporting documents. This report provides summary information for the portions of the tem shoots where there ae differences between the two documents to help inform the Council's selection process. Staff ie . ” sound ro this and PGR_000285NCOP ___nzvorr to mavor Nv counciy ‘TO THE HONORABLE MAYOR AND COUNCIL: DATE: September 29, 2015, SUBJECT: ‘TIE MASTFR DEVELOPER PARTNER TO NEGOTIATIONS. & DISPOSITION AND DEVELOPMENT AGREFMENT_TO IMPLEMENT ‘THE FIRST PHASE OF THE CONCORD REUSE PROJECT AREA PLAN AND-TO-INITIATE- NEGOTIATIONS FOR A DISPOSITION AND Report in Brief (On April 14,2015, the City Council selected Catelius Development Corporation and Lennar Urban sto finaliss in the Master Developer selection process. Following that selection Local Reuse Authority (LRA) sal initiated separate but parallel negotiations with each fim. These negotiations resulted inthe two term sheets attached to tis report. term sheet isthe outline of the ‘contract with the Cit (acting in its capacity as the LRA} that would be drafted if ether finalist, were seleoted It provides the most important parts of the disposition and development agreement (DDA) that will ultimately be negotiated between the City and selected master developer. th Finalists and the City have agreed to negotiate in good faith the tems of the DDA based on the approved term sheckif-ene-oF shen ivseiected The term sheets respectively negotiated with Catellas Development Company_and Lennar Jehan contain re-similaristandard cone terms, commitments. to reimbursement of City costs, ‘entitlement, fiscal neutrality to the City, inftasructue over sizing, project labor agreements, lea hire policies, remediation, znd habitat mitigation. There are, however several key differences inthe term shoots, which are highlighted inthis report The Local Reuse Authonty (.RA) sal and its tam of technical adhasons believe dal oh companies have the financial wherewithal, exponen. and Skil to succesfully plement the CRP Aree Fl, ‘Based onthe rast of the tar sheet ‘eoWitons, Ral AEE Vis Wo Reprosetaine projects led by cach fim, and reference checks, LRA staf is recommending that Catllus Development be selected as the single master developer to implement the fit phase of the Conoont Reuse Project Area Plan, The LRA Bourd (City Council) will emsider all of the information presented by staf. the two fizms, and the public and will make adeision as to which of these two fom they deste 16 continue working with on the Phase 1 Base Development Introduction Ca sa) PGR_001008