HomeMy WebLinkAboutTPFA 2 TUSTIN LEGACY 10-06-03MEETING DATE:
TO:
FROM:
SUBJECT:
SUMMARY
AGENDA REPORT
OCTOBER 6, 2003
WILLIAM HUSTON, CITh
REDEVELOPMENT AGE
AUTHORIZATION FOR E
EXECUTION FOR THE T
Agenda Item
Reviewed:
City Manager
Finance Director
MANAGER
NCY
XCLUSIVE NEGOTIATION AGREEMENT
USTIN LEGACY MASTER DEVELOPER SITE
The City Council will consider selection of t
result of the Request for Qualifications pr
authorization from the Tustin Public Finan
execution of an Exclusive Negotiation Agreen
RECOMMENDATION
In the event of selection by the Tustin Cil
Developer, it is recommended that the Tustin
staff to execute the Exclusive Agreement to N,
BACKGROUND
The Tustin City Council is anticipated to rank
Developer teams and select a specific deve
their meeting on October 6. In the event of ti
that the Tustin Public Financing Authority;
Agreement to Negotiate on behalf of the Autt'
Developer site). Staff would also be executing
Christine Shingleton ~/
Assistant City Manager
le Tustin Legacy Master Developer as a
~cess. In the event of such selection,
:ing Authority is also needed for staff
~ent with the selected Master Developer,
y Council of the Tustin Legacy Master
Public Financing Authority also authorize
;gotiate with said development team.
the final short-listed Tustin Legacy Master
Iopment team as the Master Developer at
is City Council action, it is also requested
iuthorize staff; to execute the Exclusive
ority (an ownelr of a portion of the Master
said agreement on behalf of the City.