HomeMy WebLinkAboutIR 10207 INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 10207
To the Mayor and Members of the City Council December 4, 2018
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* ��rn SUBJECT: EVANS-ROSEDALE REQUEST FOR EXPRESSIONS OF INTEREST
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In a joint offering, the City of Fort Worth (City), the Fort Worth Housing Finance Corporation (HFC), and the
Fort Worth Local Development Corporation (LDC) are publishing a Request for Expressions of Interest for
Redevelopment of Properties Owned by the City of Fort Worth, Housing Finance Corporation, and Local
Development Corporation located in the Evans & Rosedale Urban Village. We are soliciting expressions of
interest from local, regional, and national developers.
The Evans and Rosedale Urban Village was an economic and social center for the African-American
community in the early 1900's. The Village has been the subject of various planning and community input
efforts in the past two decades; however, the lots owned by the City and related entities remain mostly
vacant despite significant public investment in infrastructure. In recent years, land prices in the Near
Southside have skyrocketed, pushing interest to the east, making this the ideal time to attract private
investment to the Evans and Rosedale area.
The three entities (City, HFC, and LDC) will issue a joint Request for Expressions of Interest (RFEI) (a
request for a general vision instead of a project proposal) in December. The goal of this RFEI is to provide
enough information for a staff recommendation to contract with a specified Master Developer through a
Memorandum of Understanding. This Master Developer will then be responsible for bringing forward
specific project proposals for consideration. The selected developer will be expected to honor the area's
heritage as well as past planning and community input endeavors, while configuring the site for the current
market opportunities. The proposed timeline for this process is as follows:
November- 1. Briefing and Public Comment
December 2. Brief HFC, LDC, City Council
3. Publish and market RFEI
February 1. Responses Due
2. Stakeholder Review
March 1. Showcase of Top Three Proposals for Public Comment
2. Decision Committee Recommendation
3. Consideration by HFC LDC and City Council
April 1. Develop and Execute MOU with Developer
The selection criteria will focus on:
• Vision, with respect to the History of the Area
• Quality of Design
• Economic Impact to the City
• Qualifications and Experience of Development Team
• Financial Capacity of the Team
• Community Engagement
• Alignment with the City's Comprehensive and Strategic Economic Development Plans
For further questions, please contact Robert Sturns, Director of the Economic Development Department,
817-392-2663; or Aubrey Thagard, Director of the Neighborhood Services Department, 817-392-8187.
David Cooke
City Manager
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS