TITLE
Recommendation to authorize the City Manager to enter into Memoranda of Understanding with The Lee Group, LLC/Kensington Holdings and Grand Prix Place, LLC, to negotiate the sale of the City Hall East Building. (District 2)
DISCUSSION
In May 2005, the City of Long Beach (City) released a Request for Proposal (RFP) for the sale of the City Hall East Building (CHEB), located at 100 Long Beach Boulevard.
In July 2005, the City received seven development team proposals that expressed specific interest in developing the CHEB block.
A Selection Committee was established in September 2005 to represent the interests of the City and to review all the proposals and ultimately to make selection recommendations. After careful review of each of the seven proposals the Selection Committee unanimously elected to remove two of the development teams from further consideration due to a lack of direct applicable experience.
In October 2005, the remaining five development teams were given a list of questions specific to their proposal. The questions requested clarification of financial information, challenged development assumptions, and asked for specific information on issues ranging from the re-use of historic resources to specific project components, including building height, density, unit count, retail square footage, types of uses, and parking.
The Selection Committee held developer interviews in late 2005, where each team made a presentation on their specific proposal. The interviews provided the Selection Committee with the opportunity to further clarify financial information, and to ask additional questions on architectural and urban design issues. Staff hosted a community meeting in January 2006. The meeting included a brief staff presentation, and then encouraged the public to review the project on a one-on-one basis with each of the remaining development teams.
Based on the extensive review of all proposals, City staff recommends entering into separate non-...
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