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AGENDA ITEM COVER SHEET <br /> PROJECT TITLE: Initialed by: <br /> Memorandum of Understanding for the Everett Department Head: David H. Davis <br /> Riverfront Project with OliverMcMillan, LLC. CAA: <br /> Council President: 6%, <br /> LOCATION: <br /> Riverfront Properties; landfill site, Simpson site COUNCIL BILL# <br /> Originating Department Eng/Public Services <br /> Contact Person David H. Davis <br /> Phone Number (425) 257-8913 <br /> FOR AGENDA OF: June 21, 2006 <br /> Preceding Action: <br /> Nov 2004, City surpluses sites Consent Second Reading <br /> Nov 2004, City request RFQ's for x Action Third Reading <br /> development interest First Reading Public Hearing <br /> June 15,2005 City enters into Exclusive <br /> Negotiating Agreement with OM <br /> Attachments: Department(s)Approval (Identify): <br /> Eng/Public Services, Planning,Finance, Legal <br /> Expenditure Required - 0 - Account Number(s): <br /> Amount Budgeted - 0 - <br /> Additional Required - 0 - <br /> SUMMARY STATEMENT: <br /> The City and OliverMcMillan (OM) have previously entered into an Exclusive Negotiating Agreement <br /> for development of the Riverfront properties (landfill site, Simpson site). It is proposed that the City and <br /> OM enter into a Memorandum of Understanding (MOU). The MOU would enable the City and OM to <br /> continue their negotiations and develop the necessary transaction documents. These final negotiations are <br /> expected to result in a purchase & sale and development agreement. The MOU will expire at the end of <br /> 2006. <br /> RECOMMENDATION: (Exact action requested of Council): <br /> Authorize the Mayor to sign the Memorandum of Understanding for the Everett Riverfront Project with <br /> OliverMcMillan, LLC. <br /> 15 <br /> DEDI/CCA/GLACIER NW/WILDER CONSTRUCTION ROW <br />