HomeMy WebLinkAbout18 T LEGACY DEVELOPER 10-06-03AGENDA REPORT
Reviewed:
City Manager
Finance Director
MEETING DATE:
OCTOBER 6, 2003
TO:
FROM:
SUBJECT:
WILLIAM HUSTON, CITY MANAGER
REDEVELOPMENT AGENCY
TUSTIN LEGACY MASTER DEVELOPER SELECTION PROCESS
SUMMARY
The City Council will consider selection of the Tustin Legacy Master Developer as a
result of the Request for Qualifications process.
RECOMMENDATION
It is recommended that the City Council select a specific development team as the
Master Developer for Tustin Legacy and authorize staff to execute the Exclusive
Agreement to Negotiate with said development team.
BACKGROUND
The Tustin City Council confirmed the following list of developers to proceed to the final
interview stage in the Tustin Legacy Master Developer selection process at their regular
meeting of September 15, 2003: Trammel Crow Company; Tustin Legacy Community
Partners, LLC ( a partnership of Centex Homes, Shea Homes, and Shea Properties),
and; Forest City Enterprises.
The City Council conducted final interviews on October 1, 2003. On the basis of the
interviews, the City Council will provide an overview of their assessment of each of the
final list developers that were interviewed by the full City Council. The City Council is
anticipated to rank the developer teams, select a specific development team as the
Master Developer and authorize staff to execute the Exclusive Agreement to Negotiate
with said team.
~ngle~
Assistant City Manager