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<br />Joint Development Authority <br /> TCAAP Redevelopment Project <br /> <br />DATE: March 3, 2016 <br /> <br />TO: Joint Development Authority Board of Commissioners <br /> <br />FROM: Directors Hutmacher and Worthington <br /> <br />SUBJECT: Solicitation Process Update (as of 3/3/2016) <br /> <br /> <br />Budgeted Amount: Actual Amount: Funding Source: <br />n/a n/a n/a <br /> <br />As of 3/3/2016, an update on the master developer solicitation process: <br /> <br />Planholders <br />We currently have 57 plan-holders for the solicitation. The majority of the plan-holders are from planning, engineering <br />and construction firms but 15 can be characterized as developers or from the real estate arena. Solicitation responses <br />are due Wednesday, March 9th at 2pm. <br /> <br />Outreach <br />• 1258 Suppliers notified through Onvia Demandstar’s system <br />• 94 Additional suppliers notified <br />• Social media <br /> <br />We continue to find ways to get the word out regarding the solicitation. Local professional organizations ULI (Urban <br />Land Institute-Minnesota), NAIOP-MN (Commercial Real Estate Development Association) and MNCAR (Minnesota <br />Commercial Association of Real Estate/Realtors) have been assisting us in making the Solicitation known to their <br />members here locally and nationally. <br /> <br />Onvia Demandstar has served as our official solicitation website. The Rice Creek Commons website has a served as a <br />important complimentary resource. The Rice Creek Commons website saw an 35% increase in unique visitors in the <br />month of February (1,044 unique visitors viewed the website). The master developer page was the most popular page <br />after the homepage; it received 748 unique pageviews. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />AGENDA ITEM 9 <br /> <br /> <br />MEMORANDUM <br />