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Approve an amendment to an Exclusive Negotiating Rights Agreement with Industrial Realty Group, LLC, for development of the Solano County Fairgrounds property in Vallejo, to extend the term through September 30, 2022; Approve an amendment to a contract with MacKay & Somps for engineering and site improvement services, to extend the term through December 31, 2022
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Published Notice Required? Yes ____ No _X__
Public Hearing Required? Yes ____ No _X__
DEPARTMENTAL RECOMMENDATION:
The County Administrator's Office recommends the Board of Supervisors:
1) Approve an amendment to an Exclusive Negotiating Rights Agreement with Industrial Realty Group, LLC, for development of the Solano County Fairgrounds property in Vallejo, to extend the term through September 30, 2022;
2) Approve an amendment to a contract with MacKay & Somps for engineering and site improvement services, to extend the term through December 31, 2022.
SUMMARY/DISCUSSION:
The Board is being asked to approve Amendment No. 2 to an Exclusive Negotiating Rights Agreement (ENR) with Industrial Realty Group, LLC (IRG), to extend the term through September 30, 2022, in order to continue work on a specific plan amendment and to complete negotiations on a ground lease agreement with the County. Progress has been made on the proposed lease terms, but additional time is needed on certain specific provisions still under consideration.
On January 19, 2021, the County entered into an Exclusive Negotiating Rights Agreement with IRG, to develop a ground lease agreement to develop the property. The initial term for the agreement was through September 30, 2021 and was extended once prior, through March 31, 2022. Staff is requesting the Board extend the agreement a second time in order to allow for further work on both the lease agreement and to allow IRG to continue work on the Specific Plan amendment.
The Board is also being asked to approve Amendment No. 11 to an contract with MacKay...
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