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

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council committee in open session august 13 2018 how we
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Council Committee in Open Session August 13, 2018 How we got here - - PowerPoint PPT Presentation

Jan 18, 2023 341 likes •430 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

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Council Committee in Open Session August 13, 2018

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How we got here

  • 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.

2012 2016 2017 2018

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How we got here

2018

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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)
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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
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Option Differential

Option 1 H2’18 Q1’19 Q2’19 Q3’19 Q4’19 H1’20 H2’20 RFP Prep RFP Release Selection Agreement Execution Option 2 RFP Prep RFP Release Selection Agreement Execution Parkland Study

  • Approx. 1 yr

Timeline Difference

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