Council Committee in Open Session August 13, 2018 How we got here - PowerPoint PPT Presentation

Jan 18, 2023 •341 likes •429 views

Council Committee in Open Session August 13, 2018 How we got here 2012 2016 2017 2018 2012 - Downtown Tomorrow Plan adopted in principle 2016 - City acquired 70 Front Street North Offer for 70 Front Street North presented to

Council Committee in Open Session August 13, 2018
How we got here 2012 2016 2017 2018 • 2012 - Downtown Tomorrow Plan adopted in principle • 2016 - City acquired 70 Front Street North ▫ Offer for 70 Front Street North presented to Council ▫ Council established a Waterfront Working Group (WWG) ▫ Council directed staff to prepare a Waterfront Development Analysis • 2017 - Leith Moore and George Dark retained to prepare the Waterfront Development Analysis ▫ NOT a development plan but a conceptual premise for financial feasibility only ▫ Waterfront Development Analysis presented to Council • February 2018 - Implementation Plan • June 2018 - Due diligence work complete and additional legal options sought ▫ Working to amend the draft concepts based on new information, costing frameworks, timeline analysis and community feedback.
How we got here 2018
Implementation Plan  Schedule “A” – Lease and Tenant Matters (Closed Session)  Schedule “B” – Environmental - Land (Closed Session)  Schedule “C” - Environmental - Land  Schedule “D” - Environmental – Stormwater  Schedule “E” - Parking  Schedule “F” - Planning Approvals  Schedule “G” - Financial Incentives  Schedule “H” - Parkland  Schedule “I” - Hydro Relocation  Schedule “J” - Construction and Staging Plan  Schedule “K” – Request for Proposal Process  Schedule “L” – Waterfront Development Implementation Timeline  Schedule “M” – Timeline for Confidential Action Items (Closed Session)
Recommended Option • Prepare the lands for development • Proceed with preparation of RFP • Address parkland and parking needs in the waterfront area through future projects (2019 budget process) • Anticipated sale by late 2019 • Approvals and build within 2-3 years from date of sale
Option Differential H2’18 Q1’19 Q2’19 Q3’19 Q4’19 H1’20 H2’20 Option 1 RFP Prep RFP Release Selection Agreement Execution Timeline Difference Approx. 1 yr Option 2 Parkland Study RFP Prep RFP Release Selection Agreement Execution
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