Title
Discuss and consider action to approve a resolution for funding and soliciting a master developer for the Downtown East project.
Summary
This item has been included to seek direction from Council on funding and the potential partnership with a master developer for the creation of the Downtown East Project. The Downtown East project is located on +/-29 acres located at the northwest corner of Pecan Street and FM 685. Discussions for Downtown East have included aspirations to leverage the central Pflugerville location to become a mixed- use development with connections to Main Street and the City's hike and bike trail network anchored by the proposed new multi-generational recreation center and new city hall.
Prior City Council Action
The Downtown Community Stakeholder Committee was appointed by City Council on May 10, 2022 and reappointed on June 14, 2022
Goals were adopted by City Council for the project on April 12, 2022
Professional Services Agreements were approved by City Council January 25 and February 28, 2022 for owner's project representatives and advisor services.
Deadline for City Council Action
Action is requested on July 26th in order to proceed with the project.
Funding Expected: N/A
Budgeted Item: N/A
Amount: N/A
1295 Form Required? No
Legal Review Required: N/A __ Required __ Date Completed: ___________
Supporting documents attached:
Resolution to be provided to Council on 7/26
Recommended Action
Motion to approve as presented