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June 11,2008 <br /> REQUEST FOR PROPOSAL AWARD—ALLEN BUICK PROPERTY <br /> Moved by Council Member Stonecipher,seconded by Council <br /> Member Gipson to award RFP 2007-114 for the Purchase and <br /> Redevelopment of the Allen Buick Property and authorize the Mayor <br /> and City Attorney's office to undertake negotiations with Touchstone <br /> Corporation pursuant to the request for proposals. <br /> Clark Langstreet,Purchasing,stated that on January 12,2008 the Coy <br /> Council authorized a request for proposals to seek proposals for the <br /> purchase and redevelopment of the Allen Buick site.On March 18,2008 <br /> the City received two proposals;one from Skotdahl Real Estate which <br /> proposed a residential development with retail on the ground floor,and <br /> one from Touchstone Corporation which proposed a hotel with a <br /> restaurant and meeting space on the ground floor. The committee felt <br /> that Touchstone's proposal more idly met the objectives published in the <br /> RFP. <br /> Council Member Olson questioned whether the council is authorihng the <br /> purchase and sale by this action or an exclusive negotiating period <br /> between the City and Touchstone. <br /> Clark Langstreat stated that the authorization would commence the <br /> negotiation of the development agreement. <br /> Moved by Council Member Olson to amend the motion to authorize <br /> the Mayor's office to proceed with an exclusive negotiating <br /> arrangement with Touchstone fora period of 120 days. <br /> Motion failed for lack of second. <br /> Clark Langstraat stated that the RFP specifies negotiation for the final <br /> form of the agreement to be not longer than 90 days. <br /> 178 <br />