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Discuss a Draft Memorandum of Understanding (MOU) For Redevelopment of Police Station Property at 828 Martin Luther King Jr., Boulevard.
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Staff:
Department:
Mary Jane Nirdlinger, Deputy Town Manager
Manager's Office
Laura Selmer, Economic Development Specialist
Manager's Office
Overview: The purpose of this item is to provide Council an opportunity for continued discussion of key issues related to a Memorandum of Understanding (MOU) with the Belmont-Sayre development team (Belmont) for the redevelopment of the police station property. This property presents an opportunity to combine two ongoing efforts: a site for the Municipal Services Center (MSC); and the remediation and reuse of the current police station property.
The preferred project consists of the following elements:
a) demolition of the existing police station building and improvements, after temporary offsite relocation of the police department operations;
b) construction of a retaining wall and any other environmental remedial measures required pursuant to a brownfields agreement and management plan, stormwater management design and construction, and other site-wide redevelopment tasks;
c) subdivision of the Property into one or more Town-owned parcels for the MSC and Bolin Creek Trail right-of-way, and one or more privately-owned parcels for the private development component by Belmont;
d) sale of the parcel(s) designated for private development from the Town to Belmont or a Belmont affiliate company;
e) construction of the new MSC;
f) construction of the private development component that may include apartment complex (preferred), offices, retail or a mix of uses; and
g) construction of a parking deck that would serve both the MSC and the private development; and
h) preservation of the existing Bolin Creek greenway trail.
i) Belmont would serve as the Preferred Project's overall development and construction manager, including the MSC, private development and brownfields remedi...
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