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<br />INFORMATION REQUESTED <br /> <br />Please provide the following information: <br /> <br />. A summary letter that outlines your company's approach to the project <br />. A description of your corporate organization, including principals and personnel <br />likely to be assigned to this project <br />. A list of completed development projects, their type, location, size, and cost. <br />. Evidence of the submitter's financial strength and ability to obtain project <br />financing. <br />. At least three project references or individuals who have worked with the <br />submitter on a specific project and would be capable of speaking to the <br />submitter's conduct on this project. <br /> <br />SELECTION PROCESS <br /> <br />Responses to this solicitation will be reviewed and a relatively small group of finalists <br />will be selected. City staff first will screen submissions for completeness in early July. <br />Copies will be distributed to the Economic Development Commission (EDC), a nine~ <br />member standing body that is charged with advising the City Council. The EDC will <br />review submissions at one or more meetings in mid-July; a special meeting will be held if <br />the number of submissions requires one. The EDC will make its recommendation to the <br />City Council, and the Council will be asked to approve a short list in late July. <br />Depending on the level and extent of interest in each of the four properties, there may be <br />a separate list of finalists for each property. <br /> <br />A Request for Proposals will be issued to those finalists. Staff will evaluate submissions <br />and recommend those organizations that should be given an opportunity to make a <br />presentation. The EDC will hear those presentations at one or more special meetings, and <br />recommend a tentative developer for each property to the City Council. The Council will <br />be asked to approve the developer(s) recommended by the EDC. The Council will also <br />be asked to designate a time limit on the developer designation. <br /> <br />Following Council designation, the City will first negotiate a non-binding "term sheet" or <br />letter of understanding with the developer(s). The City Council will be asked to ratify <br />this agreement. Then a binding development agreement will be negotiated between the <br />City and the designated developer(s). If the designated date expires without an <br />agreement having been reached, the Council may decide to extend the date for reaching <br />agreement or withdraw the tentative developer status. <br />