HomeMy WebLinkAbout2020/10/20 Item 16 Presentation
707 F St. and 750 E St. Solicitation OCTOBER 20, 2020CITY COUNCIL MEETING CITY OF CHULA VISTA for Real Property Development
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Timeline 2019201920182018 Phase I 90 daysproject proposals and pro forma within fully conceptualized development to participate in Phase II by submitting four development teams were
invited Phase I evaluations concluded and all Sept. 2019 receiving four proposalsSolicitation concludes with the City July 2019 proposals solicit development teams and City and MTS
released joint RFQ/RFP to April 2019 RFQ/RFP for 707 F St. and 750 E St.City Council authorized release of -MTS for consultant servicesCity Council authorized cost sharing with -professional
servicesCity Council selected KMA to provide -Dec. 2018 property transactionsconsultant to assist in analyzing real economic, market and financial City released RFP to solicit an June
2018
Phase I Selection Criteria and Ratings Equal Opportunity (10%)•Project Personnel Experience and Project References (25%)•Conceptual Project Planning/Design/Architecture (15%)•Project
Personnel Experience and Project References (25%)•Proposal and Development Team Characteristic (25%)•Rating Criteria:•use development projects-density, mixedand credentials in planning,
designing financing and constructing high by their experience qualifications of each development team Evaluated •
Timeline 2020202020192019 Phase II confirmed subjugation to AB 1486City staff referred to CA HCD and April 2020 ensues19 Global pandemic -COVID Mar. 2020 and ratingsconcluded quantified
analyses Selection committee and raters Jan. 2020 pro formadevelopment proposals and project fully conceptualized Phase II Selection Committee and present All four proposers met with
the Dec. 2019(Surplus Lands Act)Governor signs into law AB 1486 State legislature approves and Oct. 2019
Phase II Selection Criteria and Ratings Ratings from reviewers were analyzed by gross and weighted totals•Project Schedule (10%)•Financing Structure (30%)•Project Narrative and Project
Design (30%)•Project Team (30%)•Rating Criteria:•Ability to be financed and constructed•Configuration and characteristic •Pro forma and composition of development •Evaluated proposals
on their ability to construct based on•
AB 1486 Deepest level of affordability•The greatest number of units; and •If more than one entity responds, the must give priority to proposals•leasedisallow residential use on the site
as a condition of sale or •developersRequires land to first be offered for sale or lease to affordable housing •Prioritizes the production of affordable housing over any other uses•Surplus
Lands Act–
AB 1486 restricted for lower income householdsuse development with no less than 300 units with at least 25% -2) A mixed100% of the residential units restricted for low or moderate income1)
A housing development with ancillary commercial ground floor uses with Declaration as “Exempt Surplus Land,” requires development of either:•Pursue legislative amendment•Declare the
property “Exempt Surplus Land;” and, or •A Path Forward•Surplus Lands Act–
QUESTIONS? OCTOBER 20, 2020CITY COUNCIL MEETING CITY OF CHULA VISTA