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Third and Broadway Development Project <br />July 5, 2018 <br />Page 4 <br />27. Developer shall be fully responsible for securing and leasing staging locations at the <br />developer's expense to the satisfaction of the City, The construction staging location <br />and equipment shall not Impede day-to-day activities in surrounding areas, <br />2& The construction management and mitigation plan shall be disoussed and analyzed as <br />park of the environmental review process prior to final approvals, <br />The City Council has the following options; <br />1, Consider the attached draft Disposition and Development Agreement Sample Draft <br />Disposition and Development Agreement) and provide direction; <br />2, Direct staff to prepare a sample Exclusive Negotiation Agreement for consideration to be <br />exeouted with a qualified developer, or <br />3, .Direct the Planning and Building Agency to prepare a new Bequest for Qualifications, <br />followed by a detailed Request for Proposal prom. s-; or <br />4. Provide additional direction to staff on the development of the Third Street and Broadway <br />Project. <br />Approval of this Item supports the City's efforts to meet foal #3 - Economic Development, <br />Objective #5 (Leverage private investment that results in tax base expansion and job creation <br />oitywids), Strategy A (identify and market underutillzed properties for now development that will <br />create new jobs and expand the City's tax bass), <br />FISCAL IMPACT <br />There Is no fiscal Impact associated with this action.. <br />A <br />ti . r'�n�. <br />e, <br />HH;rb <br />hMYoportOrd.&Orgadwaym dune 16, 201a <br />Exhibit; 1. Sample Disposition and Development Agreement <br />65D-11 <br />