The City recognizes that time is of the essence and it is the
intention to see construction commence in 2020.
After a preliminary review, the City may choose to request
interviews with potential candidates. Upon selection, the City will
offer an Exclusive Right to Negotiate (“ERN”) to the developer. The
ERN will provide for a period to negotiate the terms of property
disposition and schedule. Please note, as a property asset, the
City will seek to include reversion clauses in the terms should the
developer fail to perform.
All development agreements are subject to approval by City
Council of Douglas. Staff makes no warranty or representation that
any development agreement will be approved, only that it will be
provided for consideration and presented in good faith by staff.