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Document
RFQ - Real Estate Appraisal Services
Year Created: 2024
DOCUMENT
RFP - For City-Owned Real Property 2009
- YEAR CREATED: 2009
- ENTITY TYPE: City/Township
- TYPE OF DOCUMENT: RFP - Request for Proposals
- Property
The document is a Request for Proposals (RFP) for the redevelopment of a site located at 2815-2819 Johnson Street NE in Minneapolis. The document outlines the requirements and criteria for developers interested in submitting proposals for the project.
The document includes information on the redevelopment goals, such as creating a mixed-use development that enhances the neighborhood and provides public benefits. It also specifies the criteria that will be considered in evaluating the proposals, including adherence to relevant policies and ordinances, track record and financial capacity of the development team, financial feasibility, proposed project timeframe, public benefits, offered purchase price, and incorporation of green building techniques.
The document provides a list of information that developers must include in their proposals, such as a description of the development team and their roles, track record of past projects, description of any lawsuits involving the team, identification of key participants in negotiations, formation of a business association, financial statements, development budget, operating pro forma, evidence of demand for the space, description of public benefits, and a timeframe for redevelopment. It also requires the submission of an executed "Consent for Release of Response Data" form.
The document emphasizes the importance of fulfilling the redevelopment goals, securing necessary financing, and minimizing the need for city subsidy. It also mentions that the selected developer will be required to make a deposit of 10% of the purchase price at the time of selection.
Proposals must be submitted in both physical and electronic formats, and the document provides the address for submission. Faxed proposals are not accepted. Additionally, developers are advised to provide additional copies if and when invited to do so for presentation purposes. Submissions will not be accepted after the specified deadline.
Overall, the document provides a comprehensive overview of the RFP process, including the project goals, evaluation criteria, required information for proposals, submission guidelines, and important deadlines.