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CRA approves public notice to seek proposals for 551 East Sixth Street, with incentives and enforcement language discussed
Summary
The CRA board approved staff’s recommendation to publish public notice seeking proposals for the Downtown North parcel at 551 East Sixth Street; board members asked staff to structure the RFP to incentivize development and include mechanisms to reacquire the parcel if the buyer fails to deliver.
The CRA board voted to authorize publication of a public notice seeking proposals to sell CRA-owned property at 551 East Sixth Street in the Downtown North district, and members discussed using the request-for-proposal process to target development aligned with CRA objectives.
The decision matters because the disposition of CRA land can shape redevelopment patterns and leverage public investment to attract neighborhood-serving uses in areas that need private reinvestment.
City staff recommended approval of the notice and described the sale as intended to support downtown redevelopment goals and generate revenue for the district. Chairman Branch made a motion to approve the notice; the motion was seconded and passed on a roll call vote.
Board members debated whether to sell strictly for market value or to use incentives. One member urged using the RFP to require a development plan and to include a mechanism that would allow the city to reacquire the parcel if the buyer did not implement promised improvements within a defined period. Staff said the process will be a request for proposals that asks bidders to explain intended uses and how they further the CRA plan and that the city could include a two-year implementation requirement and a right of reacquisition if the buyer fails to perform.
Staff also noted the required public-notice period for disposal of CRA property and said the notice will specify the submission requirements and evaluation criteria.
Ending: Staff will publish the request-for-proposals notice for 551 East Sixth Street consistent with the board’s direction to prioritize proposals that advance CRA plan objectives and to include enforceable implementation requirements in the RFP.
