Item B: Review of West Broadway Request for Qualifications Responses

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ATTACHMENT F EIJGE.N'E 'URBAN REN'E'VAI,~, AGENC\T AGE.NnDAITEIVI. SU'}\tllVlARY . Work SeSSi01.1: West :Broad\\ray :PtlfCl1ase Options Meeting'Date: November 27, 2006 Department: Planning and Development rVlfJ14l. eugene-ar.gall i\genda Iten1 ',N'umber: B Staff Contact: M,ike Sullivan Contact Telephone Nlul1ber: 682-5448 ISS'UE STArrElVtE.NT The 'Urban Renewal Agency (lJRA) has secllred p'urchase options on se\lera.l dovvntoWJl properties along West 'Broadway betweenWilbunette Street and Charnelton Street. These options provide the opportunity to pursue a cot1:lprehensive redeTveloplnent stratehry~ fbrWestBroadway. The IJR~J\ is asked to consider issuing a Request for Qualifications (R,F(~) for selection of a q~lalified developer(s) as the next step in. in1.plelnenting this redeveloPlnent strategy. BACKGROUND On January 9, 2006, the City Council disGussed thc'{:onnor and Woolley/Opus development proposal, including tools that the C,ity .Jvlanagerand staff might use to facilitate the acquisition of property that may be needed for any conlprehensive redevelopment of the West Broadvvay area. The council passed a motion 7: 1 to "direct the City ~1anager to "\lork ,,\lith Connor and Woolley on developing a more detailed proposal related to West Broadway development to be brought back to the council. This nlotion in no way endorses the concept of the proposal." The City 'Nlanager understood from the discussion and action that everything short of condemnation ShOllld be pursued in order to assist in the redevelopment of the West Broadvvay area. At the end of A.pril 2006, Connor and Woolley/Opus announced that the\tVest ,Broadvvay proposal \vas no longer viable" primarily 'because they \vere u.nable to acquire the property needed for the development env~isioned.'Follovv'ing the announcernent, staffhegan expl()ring,^,~ays the City could assist in asselllbHng land for the potential redevelopment, including the possibility of acq'uiring purchase options on the properties in this tvvo-block area of do\vnto\vn,. \l\lith the intention of bringing tbe purchase options~ once a.cquired, to the URA for direction. The URf\ entered into a contractual agreenlent \vith real estate professional John 'Brown of Evans, Elder & Bro\\~n to begin pursuing purchase options on the properties. ~rhe two-block area on botb sides of Broad'\Nay includes 12difIerent property O\NI1ers. AU of the property ovvners, including C:onnor and Woolley, ha\re received offers fronl the LYRA. ~1ost of these offers have gone through a series of negotiations and counter offers. 'The lJR~A.has acquired options frona six of the pr()perty o\vners located in this tvvo-block redevelopment footprint along \Vest Broadwa.y (including Connor and \Vooney for three oft.he properties they o\vn along \Vest .Broadway), Negotiations with three additional property owners ,should be finaJized in the near future. rrbe 'URA has secllred purchase options on properties that include a bulk of the properties along three full block faces on West Broadway, including the north and south sides of the block betvveen Wil1anlette Street and Olive Street, and the south side of the block bet\veen Olive St.reet and Charnelton Street. L:\Cfv10\2006 Council i\...gendas\~/1061127\8061127B.doc