Title
Staff Report for Consultant Service Agreement with Keyser Marston Associates for Development Agreement Negotiation Services for the Shoreline Development Project
Staffreport
SUMMARY AND RECOMMENDATIONS
The Shoreline Development Project is a public-private partnership between the City of San Leandro and Cal-Coast Development. The City will continue to own the 75-acre site upon which development will occur and requirements in terms of construction, use, maintenance and lease rates need to be negotiated. Given the size and complexity of the project, the significant investment it represents and the long-term nature of the lease, staff has requested the assistance of Keyser Marston Associates (KMA) in developing and negotiating a term sheet which will serve as the foundation for the Development Agreement. KMA has expertise in financial and market analysis, public-private and ground lease negotiations and experience working with Cities in negotiating leases. Staff recommends the City Council approve a resolution for a Consultant Services Agreement between the City of San Leandro and Keyser Marston Associates, Inc. for Shoreline Development Agreement and Ground Lease Negotiations at an amount not-to-exceed $110,980.
BACKGROUND
In 2005 the City began discussions regarding the boat harbor operations and potential development of the shoreline as the Shoreline Enterprise Fund was operating at an annual deficit and funding was not available for on-going dredging of the channel and harbor. Over the past ten years the City has worked with the community and Cal-Coast Development in a public-private partnership to identify a strategy for the development of the shoreline to meet the following objectives:
* Build an economically viable and vibrant mixed-use development which provides needed amenities and services to the citizens of the City of San Leandro including a banquet/conference center, limited-service hotel, multiple dining options, housing uni...
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