City Council Agenda
Memo to: Manteca City Council
From: Greg Showerman, Community Development Director
Date: June 4, 2019
Subject: Family Entertainment Zone - Exclusive Negotiating Agreement
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Receive a presentation from the Manteca Development Group regarding the Family Entertainment Zone and provide direction to City Staff whether certain elements and properties should be included in the Exclusive Negotiating Agreement.
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Background:
The City of Manteca has a history of entering into Exclusive Negotiating Agreements (ENAs) for the Family Entertainment Zone (FEZ) with various developers dating back to December 2012, when the City entered into an ENA with McWhinney Real Estate Services, Inc. In January 2013, the City Council entered into an ENA with ANF Development, LLC, the precursor to Manteca Development Group (MDG). The purpose of the ENA with ANF Development was to evaluate land assembly and infrastructure needs for the proposed 140-acre Family Entertainment Zone development. The duration of the ENA with MDG was for a period of one year with authority from the City Manager to extend the ENA for an additional 120 days.
In January 2014, the City entered into a Reimbursement Agreement with the Manteca Development Group in which MDG provided $100,000 financial assistance to the City to help offset staff, consultant, and legal counsel time needed in developing various documents. In the past, Redevelopment funds could be used to pay for some of the administrative costs; however, with the elimination of Redevelopment, that funding source was no longer available. The funds provided by the Manteca Development Group covered a portion of the costs that otherwise would have had to come from other funding sources, including the General Fund.
In August 2016, the City Council amended the ENA with MDG to include an additional 13.73 acres, Assessor's Parcel Number 241-31-070 (formerly 241-31-048) and extended the term of the ENA until October 31, 2016....
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