Ross Valley Sanitary District authorizes exclusive negotiations for 2000 Larkspur Landing with Brookfield/Carmel

Acting president and board members voted to authorize the general manager to notify and enter into an exclusive negotiating agreement (ENA) with Brookfield Residential in partnership with Carmel Partners for the disposition and development of 2000 Larkspur Landing Circle.

Staff and the district’s real-estate manager described a multi-year RFQ/RFP process that produced 24 RFQ responses and a short list of five finalists. Speaker 10 summarized the evaluation criteria—experience, team, financial underwriting and responsiveness to the ENA form—and said the district recommends Brookfield Residential partnered with Carmel Partners as the preferred developer. "We are extremely pleased and excited to report," the presenter said.

Representatives from Carmel Partners and Brookfield told the board they view the site as a premier Bay Area housing opportunity and thanked staff and the board for a rigorous review. Board members asked timeline questions and recalled the project’s long history; presenters said formal due diligence and drafting of a disposition and development agreement (PDA) will follow the ENA.

A board member moved to authorize the general manager to enter the ENA and to notify the runner-up respondents; a second was given and the motion carried unanimously.

The approval authorizes staff to begin exclusive negotiations and formal due diligence with the preferred respondent; the board did not adopt a final PDA at the meeting and additional approvals and environmental and entitlement steps remain before development can proceed.