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JULY 5, 2018 <br />TITLE: <br />REOU98T FOR QUALIFICATIONS FOR <br />THE THIRD STREETAND BROADWAY <br />DEVELOPMENT PROJECT <br />(STRATEGIC PLAN NO. 3, 5A) <br />Exhibit 3 <br />CLERK OF COUNCIL USE ONLY; <br />As Recommended <br />As Amended <br />Ordinance on 1e1 Reading <br />El Ordinance on 2n4 Reading <br />Implementing Resolution <br />Sat Public Hearing For^ <br />CONTINUED TO <br />FILE NUMBER <br />Review and .select an option for the Third and Broadway Streets Development Project from the <br />options listed below; <br />Consider the .attached draft Disposition and Development Agreement (Sample Draft <br />Disposition and Development.. Agreement) and provIdeL direction; <br />2. Direct staff to prepare a sample. Exclusive. Negotiation Agreement for consideration to be <br />executed with a qualified developer; or <br />3, Direct the Planning and Building Agency to prepare a new Request for Qualifications, <br />followed by a detailed request for Proposal process; or <br />4. Provide additional direction to staff on the development of the Third Street and Broadway <br />Project. <br />Can aeptenriber 16, 2014, the City Council directed the Planning and Building Agency to release a <br />Request for Qualifications for the Third and Broadway Development Project, On September 18, <br />2014, the Planning and Building Agency issued a Request for Quallfioations outlining several <br />components dealred by the City Cguncll, Among the components of the new project, there was <br />an expressed desire to see a hotel/hospitailty component, Five proposals were received by staff, <br />only one of whioh, the proposal presented by Caribou Industries, included a hotel component, <br />Subsequently, staff presented the proposals to the Development and Transportation Committee <br />of the City Council, recommending Oliver McMillan as the most qualified developer to develop the <br />site.. However, at a later meeting, the Development and Transportation Committee directed staff <br />L. W <br />