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City of Elk River <br />Developer and Project Evaluation Criteria <br /> <br />1.0 Experience <br /> <br />1.1 <br /> <br />1.2 <br /> <br />1.3 <br /> <br />1.4 <br /> <br />1.5 <br /> <br />1.6 <br /> <br />1.7 <br /> <br />Previous redevelopment experience, including experience developing similar project <br />(especially neighborhood office and retail). <br />Previous experience incorporating existing local businesses into redevelopment <br />project. <br />Knowledge and experience with market segments relevant to this project (retail, <br />office and housing). <br />Demonstrated ability to move from concept stage to construction completion within <br />a reasonable time frame. <br />IGaowledge of development process including land use, utilities, roadways, wetlands, <br />environmental and other regulatory permitting and review processes. <br />Demonstrated ability to "partner" with other firms for project design and <br />development. <br />Ability to establish effective working relationships with redevelopment impacted <br />persons, property owners and businesses, community members, elected officials and <br />staff. <br /> <br />2.0 Financial <br /> <br />2.1 <br /> <br />2.2 <br /> <br />2.3 <br /> <br />Financial capability, including ability to secure project financing, secure construction <br />bonds and finance pre-development activities. <br />Financial planning capacity including ability to prepare project pro-formas and <br />financing plans. <br />Ability to demonstrate initial project financial feasibility. <br /> <br />3.0 Design <br /> <br />3.1 Design capacity as evidenced by similar projects that have been completed. <br />3.2 Design flexibility as evidenced by ability to adapt designs to meet local design <br /> criteria. <br />3.3 Consistency of design elements with established design framework <br />3.4 Creativity as demonstrated by design approaches used to address special <br /> development challenges. <br /> <br />SSDowntown RevitalizationXProposal Review~Developer and Project Evaluation CriteriaER.doc <br /> <br /> <br />