04-18-05 - Laserfiche WebLink

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. . . ~ /]'\~ HILLS MEMORANDUM DATE: Work Session Item #2,E April 18, 2005 TO: City Council Scott Clark, Director of Community Development Q; FROM: SUBJECT: TCAAP Interim Agreement As the Council may be aware of, the next step in the TCAAP process needs to be the adoption of a new Interim Agreement, since the existing Agreement terminates on May 9, 2005. The purpose of a new Agreement will be to: 1) Serve as a bridge from now until the time a final Master Development Agreement is negotiated and finalized; and, 2) Define the functions and tasks that need to be completed to effectuate the early transfer process. The following is a summary of the various sections that a new Agreement would contain. At the Council's Work Session staff would like to discuss issues associated with the Agreement and to develop a time line as to when consideration of this action could be placed on a future agenda. Recital of Goal This section would detail the goal of arriving at a Master Development Agreement and attempting to have a transfer in the first quarter of 2006. The timeline would be written in a fashion so that if a transfer did not happen by March of 2006 some level of extension could be accomplished without having to redo a new Agreement. Recital of Work Completed to Date This would be a declarative statement listing work accomplished to date as part of the past Agreements, e.g., TCAAP Framework Vision, Financial Participation Plan, Phase III Planning, and the negotiations to date with the GSA. Chan!!e in Status Desi!!nation of Development Team Full description of CRR, LLC, as Master Developer and the circumstances that would trigger that event. Updated Bud!!et This section would: 1) Establish a new budget (costs that the developer would reimburse the City); and, 2) Establish the conditions whereby the City would have to reimburse the developer.