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REQUEST FOR COUNCIL ACTION DATE: 12-05-95 ITEM NO.: 1-2 Item Description: Agenda Section: Reports and Recommendations Preliminary selection of Arona RFP Developer. Manager Reviewed: ~ Department Approval: j)('l0 Backeround 1, During the past 10 months, the City Council has reviewed proposals for development of the Arona site which was designated for PUD high density housing and park space in the Comprehensive Plan (9/94). The Council narrowed the development team proposals to three during the summer of 1995. The teams were MSP Development, Rottlund, and Dominium. (Dominium later asked to be dropped ftom further consideration). The Council goal was to maximize the revenue from the sale of this parcel purchased as an investment in 1990. The Council also sought annual tax increment revenue of $200,000. 2. The Council requested the developer to remain flexible and propose a two phase development with the south half of the site and pond area as Phase 1, while retaining the existing Arona Community Center and parking as a Phase 2 development. Phase 2 may not be authorized for redevelopment for a number of years, if at all. The higher the density of development selected for the south half (phase 1), the more important parks and community centers along the north side (phase 2) become. 3. In the fall of 1995, the Council reviewed in detail the 242 unit affordable senior housing 4 story, 2 building MSP proposal and the Rottlund 72 unit (48 unit townhouse and 24 unit detached one-level village homes) market rate owner-occupied proposal. On 7 acres, these developments represent 35 units/acre and 10 units per acre, respectively. No commitment in the form of letters of credit, performance bonds, or assessment agreements were offered by either team. 4, The Council also reviewed the development teams preliminary financial proposals for purchase of the site and new taxes to be generated. The staff was asked to review the proposals and provide a common set of comparable factors which the Council could use for selection purposes. 5. On November 20, 1995, the Council reviewed the Arona proposal for the final time and asked that the two proposals (MSP and Rottlund) be summarized for the Council meeting of December 5, 1995. ~ .Jc.,/~\A.LV: k -hbCl \-0 ~rU'\'\<e). ~&5-0 ~t (.o\M.pl'c~ d ~~ \)wdo~v-c> Lt.~/d~rCScJ!.l ot C'0""'~O~~ ~ . ~ ~ tf\OIl'C <:~"';~ \II\~"'\. . ..f>~.' If- <3'~ ""=' ~5~ ~f.) \-tow eocJc1 ~~ do~e """ $~C.IM()II\T14?