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File #: R-2020-113    Version: 1 Name: South Park Road
Type: Resolution Status: Passed
File created: 4/27/2020 In control: Office of Communications, Marketing & Economic Development
On agenda: 5/20/2020 Final action: 5/20/2020
Title: A Resolution Of The City Commission Of The City Of Hollywood, Florida, Approving And Authorizing The Appropriate City Officials To Execute A Land Development And Disposition Agreement With Park Road Development, LLC, The Highest Ranked Respondent To The Park Road Development Opportunity RFP-4585-18-PB, For The Sale and Redevelopment Of Approximately 23 Acres Of City-Owned Property Located At 1600 South Park Road.
Attachments: 1. Reso-Park Road Redevelopment-LDDA-FINAL.pdf, 2. Park Road_LDDA_Exhibits-FINAL5-14-20 (002).pdf, 3. 2019.09.05 Signed Term Sheet.pdf, 4. Exhibit A - CBRE-Appraisal-1600 S Park Road Land.FINAL.pdf, 5. Exhibit B - Blake-Appraisal-1600 S Park Road-Final.pdf, 6. terparkroaddevelopment.pdf, 7. Master
Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Approving And Authorizing The Appropriate City Officials To Execute A Land Development And Disposition Agreement With Park Road Development, LLC, The Highest Ranked Respondent To The Park Road Development Opportunity RFP-4585-18-PB, For The Sale and Redevelopment Of Approximately 23 Acres Of City-Owned Property Located At 1600 South Park Road.



Strategic Plan Focus
Economic Vitality


Body

Staff Recommends: Approval Of The Attached Resolution.


Explanation:
Members of the Hollywood City Commission requested that staff pursue redevelopment opportunities for the approximately 30.58 acres of City-owned real property designated as a "brownfield area" under Florida Statutes Sections 376.77 - 376.85 which currently houses the City's Public Works compound.

On March 15, 2018, RFP No 4585-18-PB, Park Road Development Opportunity, was posted on Bidsync. Responses were received from four firms: Park Road Development, LLC; Bridge Development Partners, LLC; ImmoCorp Ventures; and Prologis. On July 1, 2018, an evaluation committee was formed consisting of six voting members from the City's Department of Development Services; Department of Public Works; Office of Communication, Marketing and Economic Development and two non-voting members from Public Works and Procurement Services.

The evaluation committee's review and ranking of the proposals was based on the criteria/factors established in the RFP including: Qualifications, Experience, Declarations, Development Team, Development Plan, Detailed Financial Plan, Management Plan, Development Timeframe, and overall Financial Benefit to the City.

Paul Lambert from Lambert Advisory was retained by the City as a third party consultant to evaluate all four firms' detailed Financial Plans as outlined in the evaluation criteria. After the proposals were evaluated, the evaluation committee requested oral presentations from the four firms.

On August ...

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