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Innisfree ENRA November 16, 2009 <br />Based on the reasons outlined above, staff recommends that the Redevelopment Agency Board <br />of Directors approves the execution of an Exclusive Negotiating Rights Agreement with <br />Innisfree Ventures II, LLC for the development of the Gateway Site and Town Hall Square. <br />Current A>?ency Policy: Not applicable <br />Previous Agency Action(s): Not applicable <br />City Council/RDA Committee Review and Action: <br />On June 30, 2009 the Business and Housing Development Committee recommended that <br />the staff prepare an ENRA to be forwarded to the Redevelopment Agency Board of <br />Directors for approval. <br />Applicable General Plan Policy: Not applicable <br />Permits and/or Variances Granted: Not applicable <br />Environmental Review: Not applicable <br />Code Compliance Review: Not applicable <br />Board/Commission Findings: Not applicable <br />Summary of Public Outreach Efforts: Not applicable <br />Fiscal Impact: Not applicable <br />Budget Authority: Not applicable <br />Attachments: None <br />CONCLUSION <br />Staff recommends the Redevelopment Agency Board of Directors adopt a Resolution approving <br />Exclusive Negotiating Rights Agreement with Innisfree Ventures II, LLC for development of the <br />Gateway and Town Hall Square Sites. <br />G:\OBD\Files RDAUoint Project Area\Albertsons - 1550E 14th\Innisfree Development\ENRA\ENRACouncilMemo 11-16-09 <br />revised.docx <br />3 <br />