For the past five months, negotiations between RMH Co. and Capital City Development Corporation have been a series of hoops to jump through.
CCDC, Boise's urban renewal agency, picked RMH Co.'s proposal for a 60-condominium project over five competitors in March. Since then, the developer and agency have worked out negotiation rights. RMH has obtained design approval for its project.
Now comes the biggest step so far: the DDA, or disposition and development agreement. In short, the DDA is the final set of terms for the development, including expected timeframe and the amount of money RMH would pay CCDC for the lot the agency owns between 8th, 9th, River and Fulton streets.
The renewal agency's board of commissioners is scheduled to discuss and, possibly, vote on those terms Sept. 15.
"It's first-and-goal and you're on your way into the end zone," said John Brunelle, CCDC's executive director.
Brunelle said he and his staff will make a recommendation for how much RMH should pay for the lot, but it's up to the board to make a final decision.
Though no groundbreaking has been scheduled, rough timelines for the project call for its completion in early 2016.