Kelsey King, the Community Redevelopment Agency's project manager for redevelopment, presented a draft Invitation to Negotiate (ITN) on Nov. 10 that would seek developers for seven CRA-owned parcels along Broadway Boulevard. King framed the ITN as a two-step selection process that first prequalifies developer teams on financial capacity and experience, then solicits conceptual development proposals and site plans.

"Our proposed approach towards this ITN will be a 2 step process," King said, summarizing staff's selection framework. The ITN would request two years of externally reviewed financial statements or, if none are available, a bank letter stating estimated borrowing capacity and a bank reference. Developers would also be asked to submit team qualifications, conceptual renderings, proposed uses, parking and circulation plans, and a development schedule. King said respondents should identify any regulatory issues and the variances or waivers they would seek.

City staff tied the ITN to recently adopted BMUD regulations and the CRA's strategic goals to continue land acquisition and catalyze redevelopment on the Broadway corridor. King said the schedule anticipates finalizing the ITN in November, issuing it in December with a 60-day solicitation period, a submission deadline in March, an evaluation period in March and April, board project selection in May, and initiation of negotiations in June.

Board members questioned how the ITN would treat partnerships and opportunities for developers who are not yet fully positioned to apply. Commissioner Ward asked whether the ITN would allow developers to partner with others; King confirmed that partnerships can be allowed and that the ITN can be drafted to permit that. Commissioner Warren said he supported helping entities that are not yet ready but warned against language that would create barriers to timely delivery of projects.

President Lambert asked about small-business participation requirements. A procurement staff member said, "the code sets, I believe, an 18% goal," and explained that the procurement office examines job components and available small businesses and will lower the target if appropriate.

Staff said the ITN, once issued, cannot be changed and asked the board to convey any additional specific goals for inclusion before issuance. No formal vote was required on the presentation; staff said they would finalize the ITN and notify board members of changes.

Next steps: staff intends to issue the ITN in December, accept proposals during the 60-day solicitation, prequalify up to three developer teams for board consideration in May, and begin negotiations with the preferred developer in June.