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Update of Lease Negotiations with The Palace Group, Inc. including: (a) Revised site plan; (b) Proposed Residential Operating Standards; (c) Anticipated Financial Terms; (d) Discussion regarding parking program and other outstanding issues.
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On February 28, 2006, under Resolution No. 2006-38, the City Commission authorized the City Manager to issue a Request for Proposals from proposers experienced in developing premier market rate senior housing with specific emphasis on congregate living services, for the private redevelopment of two City owned properties at 45 and 50 Andalusia Avenue. The Request for Proposals was issued on March 8, 2006, with a submission due date of June 8, 2006.
On June 8, 2006 only one proposal was received. The proposal was examined by the Certification Committee, which judged the proposal certified and stated that the conditions of the RFP were met.
On June 27, 2006, the eight-member Evaluation Committee, comprised of representatives from five City Boards, the Parks and Recreation Department, the Business Improvement District, and Assistant City Manager Maria Jimenez, met to hear the presentation of The Palace Group in order to review and evaluate the proposal using the criteria stated in the RFP. After hearing the presentation, reviewing consultant findings, and after questions-and-answers and discussion, the Committee decided unanimously that the project was ready to move forward to the Commission for consideration, with two caveats regarding (1) the proposed percentage of studio units and (2) resident crosswalks and traffic flow.
On July 11, 2006, the City Commission authorized the City Manager to commence negotiations with the Palace Group for the redevelopment of Municipal Parking Lot No. 9 and Municipal Parking Garage No. 5 for a market rate Senior Housing Development.
The City Manager established a negotiation team consisting of the Development Director, National Healthcare Associates as senior housing...
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