REPORT TO THE CITY COUNCIL FROM: GEORGEANNE A. WHITE, City Manager Office of the Mayor & City Manager BY: GREGORY A. BARFIELD, Assistant City Manager Office of the Mayor & City Manager SUBJECT ..Title Approve a First Amendment to the Disposition and Development Agreement between Metro Hospitality Services, Inc., and City of Fresno to update the project's construction schedule for the Downtown Fresno Marriott Courtyard Hotel located at the northeast corner of Inyo and M Street (District 3) ..Body RECOMMENDATION Staff recommends the Council approve the First Amendment to the Disposition and Development Agreement (DDA) between Metro Hospitality Services, Inc. (Developer) and City of Fresno (City) to update the construction schedule of the Downtown Fresno Marriott Courtyard Hotel located at Inyo and M Street. EXECUTIVE SUMMARY The proposed hotel has been a consideration for over 25 years to provide additional hotel rooms for conventions, events, and visitors to the city and downtown on land formally owned by the City. This land was intended for a downtown hotel next to the Exhibit Hall and across from the Fresno Sports and Entertainment facilities that include Saroyan Theater, Valdez Hall, and Selland Arena. Developer entered into a DDA with the City on December 18, 2017, for the development of a downtown Fresno hotel flagged as a Hilton or Marriot to be built at this location. The First Amendment extends the time for Developer to commence and complete construction of the hotel and requires completion by December 2024 and reduces the number of hotel rooms from 200 to 144. BACKGROUND The proposed hotel has been a consideration for over 25 years to provide additional hotel rooms for conventions, events, and visitors to the city and downtown on land formally owned by the City of Fresno. This land was intended for a downtown hotel next to the Exhibit Hall and across from the Fresno Sports and Entertainment facilities that include the Saroyan Theater, Valdez Hall, and Selland Arena. Developer entered into a DDA with the City on December 18, 2017, for the development of a downtown Fresno hotel flagged as a Hilton or Marriot to be built at this location. The First Amendment extends the time for Developer to commence and complete construction of the hotel and requires completion by December 2024 and reduces the number of rooms from 200 to 144. The Developer is in the final stages of completing the building permit process and closing escrow on construction financing, subject to this action and the vacation of the corner easement at M and Inyo also on the consent calendar for today's meeting as file item 22-402. ENVIRONMENTAL FINDINGS This amendment is not a project subject to CEQA. LOCAL PREFERENCE Local preference is not applicable. FISCAL IMPACT There is no fiscal impact Attachments: Disposition and Development Agreement with Metro Hospitality-December 2017 First Amendment to the Disposition and Development Agreement with Metro Hospitality.