2003_1124_packet - Laserfiche WebLink

Metadata

Thumbnails

Annotations

ATTACHMENT B 4 Questions: Is there benefit in spending 6 -12 additional months to go through a staff consuming 1 P public process to select a master developer? What are the benefits of having a nester developer's Could the City be the roaster developer? Does the City want less control over the site process`s what level of land control should the Master Developer have as the party with the most to risk? Definition: A "'master developer }' is a City selected/designated private sector developer who becomes the coordinator and developer of short, medium and long term development solutions. The City and the master developer enter into a long term contract for development of the entire site 170 acres. 'The master developer contracts privately with other specialized development firms and controls and coordinates the development of those firms on the site. The City the acts as a facilitator for the master developer by providing eminent domain for public purpose acquisitions, as well as assistance and incentive funds to implement the master plan. The master developer provides external and internal coordination on the type of land use, development schedule acquisitions, and financing and coordinates the preparation of contracts between the City (or other public agency) and other developer(s). Being "private sector and market driven' ", the "master developer" concept for Twin Lakes means that the City must create the stakeholder advisory group to review proposals as consistent with the master contract and the land use plans and regulations. In order to meet the requirerwnts of the city master plan and participate in the use of the City ;'tool box "} any additional developer(s) must be accepted and approved by the nYaster developer. The property may be negotiated privately or may be purchased at fair market value by the developer(s) or the master developer (with city involvement in establishing market value or using/threatening the use of eminent domain). This method is a coordinated public and private sector initiative where the City assurances are given for public assistance and/or incentives. In addition, City development and assessment of the cost of public roads and utilities could be requested by the roaster developer. It i r- the burden of the master developer along with the additional developer(s), to convince the City of the need for the i uses proposed and any changes in the tong terra master plan of Twin Lakes. The master developer coordinates building and site design consistency, developer(s) responsibility for AUAR modifications, and environmental clean -up to state and federal standard.