Council authorizes negotiations for Chapman Building redevelopment after single qualified RFQ
Summary
Staff reported one qualified response to RFQ 2601 for the Chapman Building; council authorized the city manager to begin negotiations, asking for protections on ownership transfer, tenant affordability, and a detailed term sheet to come back for approval.
Rayla briefed council on RFQ 2601 for redevelopment of the city-owned Chapman Building at 113 West Moore, saying the city received one qualified submission from M & F Real Estate LLC after wide solicitation.
"After review of the submission, it was determined that the response does meet the qualifications of the RFQ," Rayla said, explaining the evaluation team included PADEC members and department staff. Rayla said the packet to council contains the developer's proposed scope and preliminary financials and that the request before council was permission to negotiate, not authorization of funding or a final deal.
Council members emphasized negotiating protections before any transfer of ownership: maintain city ownership until renovations are complete, seek a first right of refusal if the developer later sells, and explore contractual controls to keep downtown rents affordable rather than pricing out local small businesses. Councilmembers also asked for market rent data to inform any affordability strings attached to Paddock funding.
Councilmember Donna Renee Anderson moved to approve Resolution 2283 authorizing the city manager to negotiate contracts related to RFQ 2601; Councilmember Stephanie Holmes Thomas seconded. Council approved the resolution so staff may begin discussions and return with a detailed term sheet and recommended terms to Paddock and council.
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