Loading...
HomeMy WebLinkAbout6. Receipt of Development Proposals for "Repairs Inc." SiteCITY OF ROSEMOUNT EXECUTIVE SUMMARY FOR ACTION PORT AUTHORITY COMMISSION MEETING DATE: JANUARY 5, 1992 AGENDA ITEM: RECEIPT OF DEVELOPMENT PROPOSALS AGENDA SECTION: FOR "REPAIRS, INC." SITE OLD BUSINESS PREPARED BY: JOHN MILLER, ECONOMIC DEVELOPMENT COORDINATOR AGENDA NO. A ATTACHMENTS: APP O_VE B . PORT AUTHORITY APPROVED RFP The Rosemount Port Authority approved a request for proposal for redevelopment of the land known locally as the "Repairs, Inc. site" at its November 2 meeting. With the assistance of Apple Valley a list of developers and builders was prepared and copies of the RFP were mailed. The RFP stated that all proposals were to be received by the Port Authority before January 5, 1993. It was also stated in the RFP that the Port Authority would be conducting "interviews for finalist proposals" in mid-January. If I receive any proposals prior to January 5 I will bring them unopened to the meeting. Others may want to submit proposals to you directly. In this regard I would recommend that Chairperson Dunn call for proposals from the audience. All persons submitting proposals should be identified and advised they will be given the opportunity to verbally present their proposals to the Port Authority at its January 19 meeting. RECOMMENDED ACTION: Call for and receive all development proposals. Advise proposers that the Port Authority will hear their proposals individually at the January 19 Port Authority meeting. PORT AUTHORITY ACTION: REPAIRS INCORPORATED OFFICE/RETAIL COMPLEX BUILDING DEVELOPMENT PROJECT REQUEST FOR PROPOSALS ROSEMOUNT PORT AUTHORITY I. Introduction The Rosemount Port Authority through the actions of predecessor agencies has acquired a parcel of land near the intersection of 145th Street West and T.H. 3. The address of the property is 14390 South Robert Trail (T.H. 3). The area of the parcel is approximately .42 of an acre with approximate dimensions of 110 x 166 feet (see attached map). The parcel is presently occupied by a business known as Repairs, Incorporated. The Rosemount Port Authority has completed a phase 1 environmental assessment of the property and the complete report is available upon request. At this time the Port Authority wished to identify developers interested in redeveloping the parcel and assisting the commissioners by replacing this blighted area with a project that would be an amenity to the downtown business district and the community -at -large. Proposals must be conceptually and aesthetically consistent with city land use plans and the Port Authority's end-use concepts. II. Final Development The final development of this property should be an office or office/retail combination. III. General Provisions A. The development must meet the City of Rosemount zoning requirements. The usual and customary development procedures used by the City of Rosemount and the Rosemount Port Authority shall govern the development process of this project. B. A development agreement must be signed before the property is sold to ensure the type and quality of development after ownership of the property has been relinquished by the Port Authority. C. The total value of the parcel of property based on sale to the Rosemount Economic Development Authority is $130,500. According to state law, the property cannot be sold for less than it was acquired. The Port Authority wishes to sell or trade the property. If a land trade is proposed, the traded property must be in the 1979 Redevelopment District boundaries as amended. D. The property is located near an at -grade intersection in Dakota County with average daily trip counts on T.H. 3 and 145th Street 8,700 vehicles and 7,600 vehicles respectively. E. The property is located in a Tax Increment District and tax increment revenue derived from this specific project is available for this project on a pay-as- you-go basis. The district expires in 2000. F. Special assessment financing with a term of 10 years would be the primary financing tool for infrastructure improvements. G. The design of the development must include some provision for shared parking with the adjacent Erickson Park. . H. The design is to emphasize a facade and sign package compatible with adjacent and nearby structures. I. The awarded developer should expect to work closely with the Port Authority and city development staff for the entire duration of this project. J. Upon award of the project, the developer has one year to demonstrate significant progress toward completion of the project satisfactory to the Port Authority. If the Port Authority deems insufficient progress has been made, it may re -issue RFPs for a new development project. This solicitation provides broad outlines for the development in order to allow each developer maximum latitude for creativity and innovation in each proposal. The Port Authority intent is that this process will heighten the competition and yield the best possible development. IV. Presentation and Award A. Timeline: The Request for Proposals will be Approximately mailed and advertised November 10, 1992 Deadline for accepting proposals January 5, 1993 Interviews for finalist proposals Mid -January, 1993 B. Selection Criteria: The awarded proposal will be based upon: (1) The compatibility of development plans with the Port Authority's wishes for the downtown. (2) Developer qualifications best -suited to develop the proposed project. (3) Financial backing and strength best -suited to develop the proposed project. (4) Demonstrated ability and knowledge of development procedures. (5) History and experience of developing similar projects. The Port Authority reserves the right to reject any and all proposals for any reasons. 2 C. Instructions to pposers: (1) Five (5) copies of the development proposal must be received by the Port Authority by January 5, 1993. Proposals received after this date will be returned unopened. (2) Proposals must be addressed to: Mr. Stephan Jilk Executive Director Port Authority City of Rosemount 2875 - 145th Street West Rosemount, MN 55068 Proposals should be clearly marked "Repairs, Inc. Redevelopment Project. " (3) Questions about this RFP may be directed to Mr. John Miller, Economic Development Coordinator, by calling 322-2004 during regular business hours. Questions will be taken until 4:00 p.m., January 4, 1992. (4) Contents of the proposal should include: a) General statement of qualifications of the company. b) General statement of company's financial health. C) General description of the development proposal. d) Preliminary sketch plan drawings showing the entire site. e) Preliminary sketch plans of all buildings. f) Potential listing of prospective tenants for the development project. g) Financial proforma for the project. h) Specific requests of assistance from the Port Authority or city, if any. i) Description of other similar projects undertaken by the developer. j) Biographical information of the principals of the firm who would be working with the Port Authority and city staff on this project. 3