Livermore City Council is due to hold a public hearing on Monday January 10 to consider an amended and restated Assignment, Development and Loan Agreement (DDLA) with hoteliers at Davis Presidio Companies to develop a four-story wine hotel in the city center .

The hotel site is planned at 2205 Railroad Avenue. The proposed DDLA sets the conditions for the sale of the city-owned site to Presidio as well as the terms of a loan to acquire approximately 0.77 acre property to develop a parking lot, according to the staff diary report. from the city.

As proposed in the DDLA, the city will sell the property to Presidio for $ 71,521. Hotel plans include between 125 and 135 rooms with approximately 3,300 square foot bar / lounge, 1,500 to 2,000 square foot meeting space, rooftop terrace, fitness center , an outdoor pool and an open courtyard and patio.

An DDLA had already been approved by the city in 2018, however, referendum petitions submitted by citizens in 2018 and 2019 as well as the Central Park 2019 plan initiative to change land use in the city’s downtown core. city ​​have delayed the advancement process. with the project.

The 2019 referendum petition garnered enough votes for the city to hold a special municipal election on March 3, 2020 for voters[wwwpleasantonweeklycom/news/2020/01/28/measure-p-asks-livermore-voters-to-decide-fate-of-downtown-hotelsfateTheballotmeasurewasdesignatedMeasurePwhichpassedbyoveratwo-thirdsmajorityvoteinfavorofapprovingthedevelopmentagreementbetweenthecityandPresidiotobuildthehotel[wwwpleasantonweeklycom/news/2020/01/28/measure-p-asks-livermore-voters-to-decide-fate-of-downtown-hoteldéciderdusortdel’hôtelLamesureduscrutinaétédésignéeMesurePquiaétéadoptéeparplusdesdeuxtiersdesvoixenfaveurdel’approbationdel’accorddedéveloppemententrelavilleetPresidiopourlaconstructiondel’hôtel[wwwpleasantonweeklycom/news/2020/01/28/measure-p-asks-livermore-voters-to-decide-fate-of-downtown-hoteldecidethehotel’sfateTheballotmeasurewasdesignatedMeasurePwhichpassedbyoveratwo-thirdsmajorityvoteinfavorofapprovingthedevelopmentagreementbetweenthecityandPresidiotobuildthehotel

The hotel’s plans initially called for an underground car park with 120 spaces; However, increasing construction costs during the delay led to the determination that an underground parking garage was no longer feasible, according to city staff. The amended and updated DDLA now includes the acquisition of an additional property at 2080 Railroad Avenue – formerly occupied by Valley Pool Center – to construct, operate and maintain a surface parking lot.

The proposed DDLA also establishes a new timeline for the hotel project. If the process stays on track, the planning commission and city council will review the site plan and hotel design in March and April of this year, respectively. The transfer of ownership from the city to Presidio will also take place in April. Construction would begin no later than May 2024 and the hotel’s opening no later than December 2025, according to the city staff report.

City staff recommend that council approve the DDLA project.

“Approval of this DDLA will allow the downtown hotel identified in the approved downtown plan to move forward and be developed in a manner consistent and compatible with the Livermore Valley Center. In conjunction with the Bankhead Theater, First Street / Railroad Avenue Commercial Projects, Livermore Cinema, Plaza and Parking Lot, the hotel will contribute to the success of downtown revitalization, ”staff said in the Order of the day.

The Livermore City Council meeting is set for Monday at 7 p.m. Access links to attend the meeting are available[granicus_production_attachmentss3amazonawscom/livermore/aae00fe32d8306b9aece89ba471c02660pdfici[granicus_production_attachmentss3amazonawscom/livermore/aae00fe32d8306b9aece2689p471dfhere[granicus_production_attachmentss3amazonawscom/livermore/aae00fe32d8306b9aece89ba471c02660pdfici[granicus_production_attachmentss3amazonawscom/livermore/aae00fe32d8306b9aece89ba471c02660pdfhere