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1. Innisfree was rated #2 in the 2005 RFQ process for development of Town Hall <br />Square. Accordingly Innisfree has already been vetted by the City and, as the <br />Olsen Compan~s agreement has expired, Innisfree is essentially "next in line" for <br />this type of project. <br />2. Innisfree was also second (of six teams) in the City's RFQ process for a master <br />developer for the Shoreline-Marina area. <br />3. With successful completion of mixed-use projects in Tiburon and Redwood City, <br />Innisfree has developed a strong track record for comparable projects. <br />4. Throughout the development process for the Creekside Plaza Business Park, <br />Innisfree president David Irmer has demonstrated the ability to successfully <br />engage the community as well as the patience and determination needed to see <br />a complex project through to completion. <br />5. The selection of one developer for both 1550 East 14th Street and Town Hall <br />Square will help to ensure implementation of a cohesive vision for downtown <br />San Leandro. Coordinated planning between the two sites will eliminate the risk <br />of competing uses at both locations. <br />Based on the reasons noted above, staff recommends that the Business and Housing <br />Development Committee recommend to the City Council the execution of an exclusive <br />negotiating rights agreement with the Innisfree Companies for the development of 1550 <br />East 14th Street and Town Hall Square. Staff recommends that the term of the <br />agreement be 18 months with options for two one-year extensions. <br />C:\Documents and Settings\TRICARD\Local Settings\Temporary Internet Files\Content.Outlook\6TCZ08VJ\Innisfree Prop BHD 07-09- <br />0912).docx <br />