Speaker 7 (city staff) presented an unsolicited proposal from 6 10 LLC under Florida Statutes section 255.065 (P3 statute) to design, construct and deliver a four-story, 292-space parking structure at the northeast corner of 3rd Street SW and Avenue C SW.

Walker Consultants performed an independent review and concluded the proposer’s construction cost of roughly $23,224 per space is below the 2025 national median of $31,400 and the Tampa region median of $27,224. Walker noted proposed soft costs at about 21% of construction costs and the proposer's estimated land cost at $2,000,000, resulting in an all-in, all-inclusive cost near $35,000 per space and a total project cost of approximately $10,217,496.

Staff noted the project would be turnkey and observed no direct financial obligation for the city at this stage. The city has about $4.5 million in its construction fund earmarked for a parking structure; the total project cost exceeds that amount, but staff said there are funding options without borrowing. The P3 statute requires two publicly noticed meetings; staff asked the commission to receive public comment at this meeting and schedule a second meeting on Dec. 8, 2025, at which the commission would make the public-interest findings required by the statute and consider a resolution authorizing staff to negotiate a comprehensive agreement.

Commissioners asked about operational policy options (overnight parking rules, reserved/leasing options) and whether CRA involvement or CRA funds were implicated; staff answered no CRA funding would be used. Mayor Pro Tem Yates announced he would recuse himself from any vote on this matter because his employer could be considered for financing the proposer’s project; city staff said the financing would be private to the proposer and not city financing.

Staff said the unsolicited proposal includes a 43-page slide presentation and that Walker’s analysis and staff review support the statutory threshold for public interest determination. The commission will accept public comment, hold the second statutory hearing on Dec. 8, 2025, and then may direct staff to negotiate an agreement.