8a - TC-3 Letter of Intent for Development AgreementT(-3 LETTER OF INTENT TO AWARD
City Council - 18 April 2023
POLICY QUESTION
Should the City Council authorize the Mayor to execute the Letter of Intent to Award
with OneTrent and authorize the initiation of a development agreement?
19.85.040 Initiation of proposals.
A proposal that will be reviewed using this chapter may be initiated by city council or council committee,
or requested by the planning commission, city staff, or applicant
4
March 2022
City hires VIA
.le
Nov 2022
Council sees
plan &
authorizes RFP
Feb 2023
City receives 6
proposals
Shea Properties
ir TRENT
I N T RACORP
Building the Extraordinary
April 2023
City chooses 1
Trent & starts
DA process
Dec 2023
Council decides
on proposed
DA
ir TRENT
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MAYOR'S RECOMMENDATION
Approve execution of the Letter of Intent to Award and commencement
of development agreement negotiations.
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QUESTIONS?