Title
PROPOSED EXCLUSIVE NEGOTIATION AGREEMENT BY AND BETWEEN CITY OF FULLERTON AND NFRED, LLC REGARDING FOX BLOCK DEVELOPMENT POTENTIAL
Summary
Consideration of Exclusive Negotiation Agreement by and between City of Fullerton and NFRED, LLC to provide exclusive negotiation period to negotiate a development plan for public market style commercial development located on east side of North Harbor Boulevard between Chapman Avenue and Ellis Place.
Recommendation
Recommendation:
1. Approve proposed Exclusive Negotiation Agreement (ENA) by and between City of Fullerton and NFRED, LLC on property located on east side of North Harbor Boulevard between Chapman Avenue and Ellis Place, including Pomona Parking Lot and Triangle Lot (APN 029-033-38 and 39/932-41-506 through 510, APN 029-033-09, 27 and 28, APN 29-033-03 through 06 and APN 029-032-21).
2. Authorize City Manager to execute ENA by and between City of Fullerton and NFRED, LLC for exclusive negotiation period for development of a public market, small format retail and restaurants with outdoor amenities on approximately 3.32 acres.