Title:
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REPORT - RESOLUTION - APPROVAL OF A DISPOSITION AND DEVELOPMENT AGREEMENT FOR A LOW-INCOME DEVELOPMENT ON CITY PROPERTY LOCATED AT 702 & 716 BENNETT VALLEY ROAD AND 921 & 927 RUTLEDGE AVENUE, SANTA ROSA, CA WITH FREEBIRD DEVELOPMENT COMPANY, LLC AND ALLIED HOUSING INC.
BACKGROUND: On May 29, 2019 the City released a Request for Developer Qualifications/Proposals for a low-income development on City Property, located at 702 & 716 Bennett Valley Road, and 921 & 927 Rutledge Avenue, Santa Rosa, also known as the former Bennett Valley Senior Center. Freebird Development, LLC and Allied Housing, Inc. (collectively “Developer”) was chosen by Council on September 24, 2019, and an Exclusive Negotiation Agreement was negotiated and approved by Council on May 19, 2020. Since that time, the Developer has completed entitlements for the proposed project and Staff, pursuant to Council’s direction on price and terms, and Developer have negotiated the Disposition and Development Agreement substantia...
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