3.0 HRSR 12-07-2015 - Laserfiche WebLink

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zoning ordinances after taking into consideration any variances or other relief available under such zoning ordinances. If Planning Commission review of the land sale is necessary, contact the CPED Planning Staff to initiate City Planning Commission Review under Minnesota Statutes Section 462.356, subd. 2. vii. Tax-Exempt Financing Review. Determine whether the property was acquired or improved using tax-exempt bond proceeds to determine whether federal tax rules apply. The CPED Senior Development Financial Analyst or the Finance Department's Director of Capital & Debt Management may be helpful in this regard. c. Marketing Options All Properties in the Land Inventory shall be offered for sale or lease as permitted by State law to Purchasers for permitted redevelopment or public use purposes. CPED may offer Development Properties for sale or lease by the following methods. The Project Coordinator should make a recommendation to the CPED Director as to the preferred marketing option and whether an interdepartmental working team should be established for the disposition. The CPED Director shall make the determination on method of disposition. i. Public Bids. Where the property is offered either: (i)at public auction, with an announced minimum bid; or(ii) by sealed bids, which must include the date and time by which all bids must be received and bids received after this date will be rejected; the address where the bids should be submitted; and the date, time and location for the opening and reading of the bids. CPED shall advertise Development Properties offered for sale or lease by Public Bid through a public announcement advertised in "Finance and Commerce," or the "Minneapolis Star Tribune" and may also advertise such offers in national publications, trade journals, community newspapers and other appropriate communication venues, including direct mailings or invitations to selected prospective Purchasers. All offers advertised in "Finance and Commerce" or the "Minneapolis Star Tribune" shall be advertised no less than once a week for two (2) consecutive weeks. All advertised offers may be advertised one (1) or more times as the Project Coordinator deems appropriate. If no bids are received after the expiration of a Public Bid submission deadline date, the Project Coordinator may re-advertise the Public Bid and extend the submission deadline date. If one (1)or more bids are received, the City must first formally reject all bids before re-advertising the Public Bid. ii. Request for Proposals. Where a request for proposals (the "RFP") is prepared inviting Purchasers to submit proposals for the purchase and redevelopment of the Property. If the Project Coordinator is recommending an RFP process for disposition, the recommendation to the CPED Director should contain the following: (i)why an RFP is appropriate; (ii) the development objectives for the site; (ii) a recommended composition for an interdepartmental/stakeholder review committee (e.g., Planning, HPC, Public Works, Park Board, Finance, Council Member, neighborhood organization). At a minimum, the Project Coordinator must contact the appropriate Community Planner at the time an RFP is prepared to obtain Planning Division comments on the RFP; (iii) the recommended role for the interdepartmental/stakeholder review committee (e.g., RFP preparation and/or evaluation of proposals); (iv) an RFP distribution strategy; and (v) budget implications and recommendations. Neither Permanent Review Committee review nor City Council authorization is necessary before issuing an RFP. Updated as of 10/6/04 5