Property Development-SW Corner of University & Mesa Dr.

This contract awards the City of Mesa’s 27‑acre southwest‑corner site at University Avenue and Mesa Drive to Culdesac, Inc. for a mixed‑use, high‑density property development. The award follows a competitive RFP process, with proposals evaluated on vision, finance plan, term sheet, timeline, and general questions. The city seeks a development partner to create a master plan, secure financing (including Opportunity Zone incentives), and negotiate a purchase/development agreement; the project is expected to span more than a decade, with the first phase beginning within a year of agreement approval. Key elements include residential units (including for‑sale units), commercial space, public amenities, and alignment with the “Transform 17” master plan. The agreement will be a requirements contract, with the developer acting as an independent contractor and providing required insurance and indemnities. The city retains the right to terminate for convenience, and renewal options exist.