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Agenda 10/13/2015 Item #14B1le�, 10/13/2015 14. B.1. EXECUTIVE SUMMARY Recommendation for the Community Redevelopment Agency (CRA) Board to invite proposals for the sale and /or redevelopment of the Gateway Triangle catalyst project located at the intersection of Tamiami Trail East and Davis Boulevard and return all proposals to the Board. OBJECTIVE: To encourage and facilitate redevelopment within the Bayshore Gateway Triangle Community Redevelopment Area. CONSIDERATIONS: In 2009, the Community Redevelopment Agency Board (CRA Board) authorized staff to purchase 5.27 acres of commercial property in the Gateway Triangle Area for $6,386,000, secured with a loan from Fifth Third Bank. The CRA currently has a mortgage of $5,829,438 with a loan principal balloon payment of $4,600,000 due in June 2018. The Collier County Community Redevelopment Plan identified this location as a Project Catalyst Area meant to spark surrounding development and redevelopment in the Bayshore Gateway Triangle Area. At the October 28, 2014 and November 18, 2014 Board meetings, staff presented a purchase agreement from a developer for $5.2 million. On July 13, 2015, the County Manager's office was notified that the developer would be unable to timely complete the transaction. The County received $152,000 from the developer pursuant to the terms of the Agreement. At the September 8, 2015 Board meeting, staff was directed to develop a mechanism to solicit interested parties to submit proposals for price and concept for the development of the land. This concept/proposal would allow the CRA Advisory Committee and the CRA Board to consider all terms of development, as well as, to provide an opportunity to consider public - private partnerships with the CRA. In response to Board guidance, staff developed a draft Invitation for Proposals for CRA Board review and approval. The invitation scope of work is attached as a link at the end of this Executive Summary (page 3). The intent of the solicitation is to entice all interested parties to present their best offer with respect to price and concept. All proposals will be considered and brought back to the Board after a review by staff and the CRA Advisory Committee. The goal of the invitation scope of work is to solicit for a wide variety of proposals that considers the following items: 1. Proiect Scone: The proposal should provide a written description of the project, accompanied by a conceptual site plan showing proposed buildings, parking areas and how the development will interface with the surrounding areas. 2. Community Impact: The proposal must describe how the proposed project fits with the adjacent parcels, meets the intent of the CRA Catalyst Project expectation, and would generally benefit the CRA, surrounding areas and the County as a whole. 3. Zoning: The proposal must identify if the applicant will utilize the existing C -4 zoning district, a MUP for the GTMUD -MXD or a specific rezoning that will require a comprehensive plan amendment or other special zoning relief. 4. Financing: The proposal must provide a general financing plan that identifies what type Packet Page -553- 10/13/2015 14.B.1. of offer is being submitted including, but not limited to, straight purchase, Public Private Partnership, deferred payment, or Tax Increment Financing payback. A non - refundable ten percent down payment is being recommended by staff for all offers to be provided upon execution of the purchase and development agreement. 5. Total Proiect Value: The approximate construction value and ending taxable value will be evaluated. This will assist the CRA Board in understanding the upfront contribution to the local economy and the ending benefit to the overall tax base upon completion. 6. Timeline: The proposal must clearly identify approximate milestones that will be included in the purchase and development agreement such as the due diligence period, zoning process, if required, site development and building permit period through the Certificate of Occupancy. 7. Team Experience: The proposal must include a description of the firm /development team, including a portfolio of completed projects that are similar in size and scope of the proposed project. 8. Additional Information: Provide additional information to support the proposals. Under this invitation, the Board of County Commissioners acting, as the CRA Board, will reserve the right to select the proposal that provides the best overall value for the community. Upon selection, staff will work with the chosen firm and the County Attorney's office to bring back a final purchase and development agreement for Board execution. The table below outlines a timeline to solicit proposals. Date Task 10/16/15 Issue Invitations for Proposals notice 12/1/15 Last day for receipt of written questions 12/3/15 Issue Addendum for written questions as applicable) Bids due (60 days) no later than 3:OOpm at Bayshore 12/15/15 CRA Office, 3570 Ba shore Drive CRA Advisory Committee Meeting - Proposer presentations and recommendation to Board of 1/5/16 County Commissioners Board of County Commissioners as CRA Board meeting - proposal discussions and/or presentations, 1/26/16 if applicable 1/27 to Staff negotiates purchase and development 2/9/16 agreement Board of County Commissioners as CRA Board meeting - review and approve purchase and 2/23/16 development agreement The Invitation for Proposal included as back -up to this item is conceptual. If the CRA Board authorizes issuance, a formal Invitation for Proposal will be prepared in coordination with Purchasing staff and will Packet Page -554- 10/13/2015 14.B.1. be in the County's standard format. FISCAL IMPACT: The cost to advertise and associated fees are available in the Bayshore Gateway CRA Fund (187) budget. Net proceeds from any future sale of the subject property will be applied to the prepayment of the principal outstanding under the Collier County Community Redevelopment Agency Taxable Note, (Fifth Third Bank), Series 2013. Each proposal submitted will be reviewed for a fiscal impact as part of the staff review when they are brought back for consideration. LEGAL CONSIDERATIONS: This item is approved for form and legality and requires a majority vote for Board approval. - JAB GROWTH MANAGEMENT IMPACT: The redevelopment of the Gateway Triangle Project will further the goals, objectives and policies outlined in the Future Land Use Element — Bayshore Gateway Triangle Redevelopment Overlay. RECOMMENDATION: To authorize staff to invite proposals for the sale and development of the Gateway Triangle catalyst project located at the intersection of Tamiami Trail East and Davis Boulevard and return all offers to the Board. Prepared by: Elly Soto McKuen, Project Manager; Bayshore Gateway Community Redevelopment Agency Attachments: (1) Invitation for Proposals - http: / /www.colliergov. net /ftp /2015BCCMeetini s/ AgendaOctl315 /PubServices /l4B1Invi tationforProposalsFina1 10012015.pdf (2) Bayshore Gateway Triangle Parcel Location Map (3) Bayshore Gateway Zoning Overlay Map (4) Bayshore Gateway Land Development Codes - http: / /ww-w.colliergov. net /ftp/ 2015BCCMeetines /AgendaOctl315 /ExecOffices /Ba sly CRALDCandGMP.ndf Packet Page -555- 10/13/2015 14.B.1. COLLIER COUNTY Board of County Commissioners Item Number: 14.14. B. 14. B. 1. Item Summary: Recommendation for the Community Redevelopment Agency (CRA) Board to invite proposals for the sale and /or redevelopment of the Gateway Triangle catalyst project located at the intersection of Tamiami Trail East and Davis Boulevard and return all proposals to the Board. Meeting Date: 10/13/2015 Prepared By Name: McKuenElly Title: Project Manager, CRA, County Redevelopment Agency 9/15/2015 1:34:26 PM Submitted by Title: Project Manager, CRA, County Redevelopment Agency Name: McKuenElly 9/15/2015 1:34:27 PM Approved By Name: BrilhartBrenda Title: Procurement Specialist, Administrative Services Department Date: 10/1/2015 12:48:20 PM Name: MottToni Title: Manager - Property Acquisition & Const M, Administrative Services Department Date: 10/4/2015 7:33:14 AM Name: DurhamTim Title: Executive Manager of Corp Business Ops, Date: 10/5/2015 8:46:46 AM Name: MarkiewiczJoanne Title: Division Director - Procurement Services, Administrative Services Department Date: 10/5/2015 4:31:52 PM Packet Page -556- 10/13/2015 14.B. 1. Name: JourdanJean Title: CRA Operations Manager, County Redevelopment Agency Date: 10/6/2015 8:18:00 AM Name: BelpedioJennifer Title: Assistant County Attorney, CAO General Services Date: 10/7/2015 1:50:44 PM Name: IsacksonMark Title: Division Director - Corp Fin & Mgmt Svc, Office of Management & Budget Date: 10/7/2015 2:02:07 PM Name: KlatzkowJeff Title: County Attorney, Date: 10/7/2015 2:10:24 PM Name: CasalanguidaNick Title: Deputy County Manager, County Managers Office Date: 10/7/2015 3:07:40 PM Packet Page -557- 10/13/2015 14.8.1. Location Map Bayshore Gateway Triangle Parcels Attachment A Parcel Number Site Address 7751040008 1936 Davis Boulevard 77510280000 2000 Davis Boulevard 77510320009 2054 Davis Boulevard 00388480009 1965 Tamiami Trail East 77510200006 1933 Tamiarni Trail East 00388440007 1991 Tamiami Trail East Packet Page -558- 0 PREPARI COMMON OATS: E 10/13/2015 14.B.1. BA YSHORE / GATEWAY TR /ANGLE COMMUNITY REDEVELOPMENT AREA Packet Page -559- r)