Exclusive Negotiation Agreement for Depot Street and Cultural Center Site

Original title: AGREEMENT TO NEGOTIATE EXCLUSIVELY WITH BROOKFIELD RESIDENTIAL PROPERTIES, INC. FOR THE DEVELOPMENT OF A PORTION OF DEPOT STREET AND THE COMMUNITY AND CULTURAL CENTER SITE

November 16, 2016

real estate development city planning public land economic development

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The Frame

What this does

This agreement grants Brookfield Residential Properties, Inc. the sole right to negotiate development plans for specific city-owned properties, temporarily preventing the city from considering other developers for these sites.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Brookfield Residential Properties, Inc.

The company is granted the exclusive right to negotiate development terms with the city.

City residents

Residents are affected by the potential change in use or development of public land at Depot Street and the Community and Cultural Center site.

What changed

Last recorded activity November 16, 2016.

What's next

Next step not available in the current record.

Summary

The City Council has approved an agreement to negotiate exclusively with Brookfield Residential Properties, Inc. regarding the potential development of city-owned land at Depot Street and the Community and Cultural Center site.

Why It Matters

Key Facts

The City Council passed an agreement to negotiate exclusively with Brookfield Residential Properties, Inc.
The scope of the negotiation covers the development of a portion of Depot Street.
The scope of the negotiation covers the development of the Community and Cultural Center site.
The file number for this legislative action is 16-719.
The agreement was introduced on October 21, 2016.