Title
Incorporated County of Los Alamos Ordinance No. 735 for the Purchase, Sale, and Development Agreement for the 20th Street Redevelopment by RBMM Development LLC
Recommended Action
I introduce, without prejudice, Incorporated County of Los Alamos Ordinance No. 735; An Ordinance Authorizing the Sale of Certain County-Owned Real Property Generally Described as Lots 1C-1, 4C and 5C-1, 20th Street to RBMM LLC, and ask staff to assure that it is published as provided in the County Charter.
County Manager's Recommendation
The County Manager recommends that Council introduce this Ordinance.
Body
Los Alamos County is dedicated to the effective redevelopment of County-owned land. This is a crucial step towards downtown revitalization and boosting economic vitality. County staff's role is to facilitate site development by identifying and partnering with experienced, financially capable developers, ensuring timely project progress, and overseeing alignment with our Comprehensive Plan, Downtown Master Plan, and County Council Strategic Leadership Plan priorities.
Project Origins
In December 2023, Los Alamos County initiated a solicitation for the sale, purchase, and development of parcels known as the 20th Street Redevelopment. The County sought a dynamic mixed-use development that could incorporate residential units, small retail/commercial spaces, structured parking, and potentially a hotel. The County received three formal proposals, which staff thoroughly evaluated in early 2024. The proposal presented tonight was identified as the most responsive to the solicitation. County staff then presented these options to the County Council in a closed session, leading to negotiations with the selected development partner on the concepts and agreement presented today.
Developer Selection
The chosen developer, RBMM Development LLC and Brott Real Estate LLC, has a strong and long-standing presence in New Mexico, with projects across Northern New Mexico and various cities ...
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