City Council

13.\nDEVELOPER SELECTION TO NEGOTIATE FOR THE DISPOSITION\nAND DEVELOPMENT OF 52 ACRES WITHIN THE TUSTIN LEGACY\nSPECIFIC\nPLAN\nConsideration\nto\nselect\ndeveloper ALMQUIST\nDevelopment & Investments to negotiate for the disposition and\ndevelopment of approximately 52 acres of City-owned real property within\nthe Tustin Legacy Specific Plan. The staff supported recommendation is\nmade by an Ad Hoc Committee composed of Councilmember Gallagher\nand Mayor Lumbard.\nRecommendation: That the City Council authorize staff and the City’s\nbroker, CCP Real Estate Advisors and SRS Real Estate Partners, to\nnegotiate\nan\nExclusive\nNegotiating Agreement\nwith ALMQUIST\nDevelopment & Investments for future City Council consideration.Fiscal\nImpact: There is no fiscal impact associated with this item.