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Staff to seek single‑family developer partner for city PUD; resolution to authorize negotiations coming to council
Summary
City staff told the council they are drafting a resolution to invite a selected single-family developer to join the master developer team for the PUD. No contract or price has been set; staff said the developer would participate in planning at risk and the council will review any proposed agreement later.
City staff told Redmond councilors they will bring a resolution authorizing staff to negotiate with a proposed single-family residential developer as part of the city’s phased PUD process.
Staff said the resolution would create a good-faith framework to get a firm with single-family experience onto the project team so the city can develop more detailed design, pricing and infrastructure assumptions. The presentation emphasized there is no sale or development contract yet and no price has been agreed; the developer would work “at risk” to help produce PUD designs that show how affordable, workforce and market-rate housing phases could be integrated.
Why this matters: staff said having a single-family developer at the table is meant to produce the level of detail required to do accurate cost and valuation work for final contracting and financing. Councilors asked about timing, project risk and whether the city might be committed to a sale or price; staff reiterated that any final transaction would return to council for approval and that the resolution only authorizes negotiations and team participation.
Key details: staff said reimbursement terms, infrastructure needs and density tradeoffs remain unresolved; the city expects to have more information at a May 19 meeting when the master developer will present. Staff said final proposals, gap financing and any required grant/lift funding verification will be returned to council for decision.
Next steps: staff will bring the resolution to council for consideration; if approved, staff will continue negotiations and return with proposed contractual terms for council approval before any sale or binding agreement.
