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ITEM: DISCUSSION AND DIRECTION REGARDING AN UNSOLICITED PROPOSAL RECEIVED FROM PROJECT LIGHTHOUSE
REQUEST: Discussion and direction regarding an unsolicited proposal received from Project Lighthouse for the Wellington Green Park property.
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EXPLANATION: At the February 16, 2023 Council meeting, Project Lighthouse representatives presented their vision for a mixed-use project including a new performing arts center at the Wellington Green Park site. In lieu of the Village releasing a Letters of Interest (LOI) solicitation for the property, Lighthouse Group representatives requested 90-day period before releasing such solicitation, in order to develop and submit an unsolicited proposal for the site. Council agreed and voted to grant the 90-day extension.
Project Lighthouse has since submitted an unsolicited proposal for the Wellington Green Park site. Staff is seeking direction on how to proceed with the proposal.
BUDGET AMENDMENT REQUIRED: N/A
PUBLIC HEARING: NO QUASI-JUDICIAL:
FIRST READING: SECOND READING:
LEGAL SUFFICIENCY: YES
FISCAL IMPACT: None
WELLINGTON FUNDAMENTAL: Responsive Government
RECOMMENDATION: Discussion and direction regarding an unsolicited proposal received from Project Lighthouse for the Wellington Green Park property.