City Council

11.\nRECOMMENDATION OF PROPOSALS TO PROCEED TO ROUND TWO\nFOR THE COMPETITIVE OFFERING FOR APPROXIMATELY 52 ACRES\nOF CITY-OWNED REAL PROPERTY WITHIN NEIGHBORHOOD E\n(PLANNING AREAS 9-12) OF THE TUSTIN LEGACY SPECIFIC PLAN\nThree (3) proposals are recommended for City Council consideration to\nproceed to Round Two for the competitive offering for approximately 52\nacres of City-owned real property within Neighborhood E (Planning Areas\n9-12) of the Tustin Legacy Specific Plan. The recommendation is made by\na staff supported, Mayor appointed Ad-Hoc Committee composed of\nMayor Austin Lumbard and Council Member Ryan Gallagher.\nRecommendation: It is recommended that the City Council take the\nfollowing actions: 1. Authorize staff and the City's broker CCP Real Estate\nAdvisors to inform three (3) proposers from the competitive offering for\napproximately 52 acres of City-owned real property within Neighborhood\nE (Planning Areas 9-12) of the Tustin Legacy Specific Plan that they will\nbe proceeding to Round Two; and 2. Authorize staff to further reduce the\nnumber of proposals that will ultimately be recommended to the City\nCouncil for consideration at a later date. Fiscal Impact: There is no fiscal\nimpact associated with this item.\nAGENDA REPORT