3.0 HRSR 12-07-2015 - Laserfiche WebLink

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The standard form of Development RFP for Project Coordinators to use and modify for use in real estate disposition solicitations is linked: RFP Template - Development Many portions of the standard form RFP are required. If the Project Coordinator intends to delete any portion of the standard form, the assigned attorney should be contacted. Project-specific additions to the standard form are encouraged. Contact the Communications Department for support to put the RFP on the web site and/or provide graphic assistance. These procedures do not require or prohibit RFQs. CPED shall advertise Development Properties offered for sale or lease by RFP's 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 other advertised offers may be advertised one (1)or more times as the Project Coordinator deems appropriate. If no proposals are received after the expiration of a RFP submission deadline date, the Project Coordinator may re-advertise the Public Bid or RFP and extend the submission deadline date. If one (1)or more proposals are received, the City must first formally reject all proposals before re-advertising the RFP. iii. In-Fill Residential Lot Sales. Where a lot is offered on the open market for sale for residential purposes of a single family or duplex. Such lot should be advertised no less than once a week for four(4) consecutive weeks. Advertisements are to run in the "Star Tribune" Minneapolis Edition on the 1st and 3rd Sunday of the advertisement period and in "Finance and Commerce" on the 2nd and 4th Tuesday of the advertisement period. The Project Coordinator should also notify the 25 most likely builders to submit offers directly by mail. If no valid and credible Offers to Purchase are received after the expiration of an advertised submission deadline date, the Project Coordinator may either post the lot as available for sale on the CPED web site's lot list or re-advertise the lot and extend the submission deadline date. If one (1)or more valid and credible Offers to Purchase are received, the City must first formally reject all Offers to Purchase before re-advertising the Lot. All Home Ownership Works (HOW) properties are sold through Exclusive Listing Agreements with a CPED-identified broker and are not advertised as described above. iv. Direct Sale. Where a Purchaser directly enters into negotiations with CPED for the purchase and redevelopment of a specific Property. Upon receipt of a formal expression of interest from a potential purchaser, the Project Coordinator should obtain approval from the CPED Director to pursue negotiations. A Direct Sale may not occur where (i) other Purchasers have submitted a valid and credible Offer to Purchase to CPED for the purchase and redevelopment of a specific Property, (ii) the Property is already being offered for disposition by public bidding, RFP or advertisement as an in-fill residential lot sale, (iii) the Property is unavailable for disposition because it has been approved for sale to another Purchaser or is part of an existing or proposed redevelopment project, or(iv) CPED determines that the proposed Direct Sale offer is inconsistent with the Disposition Policy or is not in Updated as of 10/6/04 6