8G Consent 2009 1116 - Laserfiche WebLink

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Innisfree ENRA November 16, 2009 developer and entering into an exclusive negotiating rights agreement far the purpose of reaching a disposition and development agreement. Staff has identified the Innisfree Companies as an ideal partner for these sites for the following reasons: 1. Innisfree was rated #2 in the 2005 RFQ process for development of Town Hall Square. Accordingly Innisfree has already been vetted by the City and, as the Olsen Company's agreement has expired, Innisfree is essentially "next in line" for this type of project. 2. Innisfree was also second (of six teams) in the City's RFQ process for a master developer for the Shoreline-Marina area, receiving a favorable review from the Shoreline-Marina Committee. 3. With successful completion of mixed-use projects in Tiburon and Redwood City, Innisfree has developed a strong track record for comparable projects. 4. Throughout the development process for the Creekside Plaza Business Park, Innisfree president David Irmer has demonstrated the ability to successfully engage the community as well as the patience and determination needed to see a complex project through to completion. 5. Innisfree has a successful track record of negotiation with trade unions. 6. The selection of one developer for both 1550 East 14th Street and Town Hall Square will help to ensure implementation of a cohesive vision for downtown San Leandro. Coordinated planning between the two sites will eliminate the risk of competing uses at both locations. The ENRA includes the following provisions: • An 1$ month term with the ability to extend for a maximum of 24 additional months (through two separate one-year extensions). • A $25,000 deposit to cover the Agency's third party financial and legal consulting fees. • Developer studies, such as financial feasibility, soils, design, etc., shall be at Innisfree's expense and copies shall be provided to the Agency within ten business days. • If required, Agency will select consultant for preparation of the Environmental Impact Report and Developer will pay Agency and consultant costs. • Requirements for community participation, community and town hall meetings and general responsiveness to the public. The developer must hold a minimum of four public meetings. • Requirement that the project be fiscally neutral with respect to the City's General Fund. • Developer and its contractors shall comply with Prevailing Wage Laws and the City of San Leandro Living Wage Ordinance. Of particular note, is the following provision contained within the ENRA: Developer shall meet with labor union and trade organization representatives to negotiate terms that will promote labor harmony with respect to the construction and operation of the Project. (Section 19.iii) 2