Policy Order O-16

WHEREAS: The Foundry Building at 101 Rogers Street was acquired by the city as the result of a real estate development proposal from Alexandria Real Estate in 2012; in public forums since that time, there has been overwhelming community support for the Foundry to be reestablished as a multi-purpose community center; now therefore be it

ORDERED: The City Manager be and hereby is requested to appropriate up to $6 million and move forward in facilitating the necessary initial capital improvements to the Foundry Building; and be it further

ORDERED: The City Manager be and hereby is requested to engage residents and stakeholders in a community process to further establish the development objectives, building programming, governance and management strategies, and monetization strategies consistent with City Council goals for the Foundry building; and be it further

ORDERED: The City Manager be and hereby is requested to determine the legal and regulatory process necessary to collaborate with the Cambridge Redevelopment Authority (CRA), companies in the private and public sector, and/or local universities, and/or donors that are willing to partner with the City to achieve the desired development objectives in a manner most cost effective to the City and that ensures the City will retain a high degree of flexibility and control over the ultimate outcome before any additional future investment is made; and be it further

ORDERED: The City Manager be and hereby is requested to report back to the City Council on the best manner in which to implement and fund the future community use of the Foundry Building, and continue to provide periodic updates on the community process, anticipated schedule, funding, building programming, and status of the capital improvements to the Foundry Building.