solana beach joint development performance, administration and finance committee april 3, 2014...
TRANSCRIPT
Solana Beach Joint Development
Performance, Administration and Finance CommitteeApril 3, 2014
RELATED TO AGENDA ITEM 4
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Project Objectives• Create an economic benefit to the area• Generate long-term revenue stream to support
NCTD’s transit operations• Provide the opportunity to obtain goods and
services in the transit center • Offer active public spaces/safe station areas• Promote and enhance ridership• Increase pedestrian/bicycle originated transit
trips
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Possibilities• Mixed-Use Transit Oriented
Development– Retail– Restaurants– Service Uses
Retail
Station
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Sample Development Concept• Retail:
– 10K-15K SF
• Restaurants: – 10K-20K SF
• Transit Parking:– 75 Subterranean
Parking Spaces
• Private Parking per Zoning Code
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Federal Transit Administration (FTA) requirements
• FTA regulations and eligibility requirements (FTA Proposed Joint Development Circular and Federal Transit Law Title 49, Chapter 53)
1. Create an economic benefit by enhancing economic development or incorporating private investment
2. Provide a public transportation benefit by either: (a) enhancing the effectiveness of a public transportation project and relating physically and functionally to the public transportation project, or (b) establishing new or enhanced coordination between public transportation and other transportation.
3. Produce revenue and reserve a fair share of that revenue for public transportation
4. Provide that a person occupying space in a facility constructed with FTA funds must pay a fair share of the costs of the facility through rental payments or other means.
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Joint DevelopmentNCTD Envisions
– A mixed-use development including subterranean parking, restaurant, retail and/or office use
– Proposal package shall provide each firm’s specific successful experience with mixed-use developments, a financial plan outline and an implementation strategy.
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Development Requirements
• Preserve Existing Station Building– Building may be relocated/reoriented on site
or converted/re-purposed into retail space.• 75 Underground Parking Spaces
– Shared parking concept (evenly distributed parking demand)
• FTA Proposed Joint Development Circular
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Solicitation Process• Four-Step Process• Step 1:
– Evaluation and Ranking– Short-Listing of Proposers (up to four (4))
• Step 2:– Short-Listed Proposers Only– Discussions may include presentations, clarifications,
mid-course corrections, etc.– Scheduling TBD– Evaluation and Ranking
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Solicitation Process cont’d• Step 3:
–Negotiate with Highest Ranked Proposer(s)–Recommendation for Award
• Step 4:–Board Authorization–A single contract will be awarded based on
overall quality of project proposed and overall best value to NCTD.
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Solicitation Schedule (Subject to Change)
• Pre-Proposal Conference February 13, 2014• First Mid-Course Discussion February 26, 2014• Questions Deadline April 10, 2014• Proposal Submittal Deadline May 7, 2014• Short-List of Proposers Notified May 29, 2014• Clarifications Deadline June 19, 2014• Second Mid-Course Discussion June 26, 2014• Evaluation Completed July 23, 2014• Negotiations Completed November 4, 2014• Board Authorization December 18, 2014
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Current Status of Procurement
• Feedback received from potential vendors• Potential Options to Maximize Developer
Interest• Key Considerations/Next Steps
– Timely use of existing grant funds– Maximize Developer interest to support multiple
proposals
• Solicitation Schedule– Timing dependent on Developer feedback and other
considerations