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Council authorizes city manager to negotiate 180‑day MOU with developer for potential downtown Alley Campus project
Summary
Council approved a motion to allow the city manager to negotiate and enter into a memorandum of understanding (180 days) with OB Companies for a potential downtown development project; staff noted prevailing-wage triggers and coordination with Springfield Economic Development Agency/CETA will be required in later binding agreements.
City staff presented a draft memorandum of understanding (MOU) on Sept. 15 to begin formal negotiations with OB Companies for a potential downtown development (referred to in materials as a potential Alley Campus project).
The draft MOU would open a 180‑day negotiating period during which both parties would work to produce required elements of a future binding development agreement. Staff warned that the 180‑day timeframe is tight and highlighted several considerations that could affect project terms, including prevailing-wage requirements (staff noted…
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