Presentation Transcript

1. RELATED TO AGENDA ITEM 4

   Solana Beach Joint Development

   Performance, Administration and Finance Committee April 3, 2014
2. 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
3. Solana Beach Station and Transit Center Building
4. Concept Aerial View Development Area
5. Possibilities Mixed-Use Transit Oriented Development Retail Restaurants Service Uses Retail Station
6. Sample Development Concept Retail: 10K-15K SF Restaurants: 10K-20K SF Transit Parking: 75 Subterranean Parking Spaces Private Parking per Zoning Code
7. Federal Transit Administration (FTA) requirements FTAregulations and eligibility requirements (FTA Proposed Joint Development Circular and Federal Transit Law Title 49, Chapter 53) Create an economic benefit by enhancing economic development or incorporating private investment 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. Produce revenue and reserve a fair share of that revenue for public transportation 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.
8. Joint Development NCTD 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.
9. 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
10. 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
11. 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.
12. 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
13. 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
14. Questions?