2021-02-02 P & Z Packet - Laserfiche WebLink

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of the Area-wide Median Income (50% AMI) or less. It is anticipated that this may be accomplished through covenants recorded against the property. If the proposer wishes to eliminate this restriction, the CDBG funds would need to be repaid at a cost of $400,000. Proposal Contents Proposals should include a concept sketch which depicts the building(s) layout on the site, parking and other site amenities. It should also include an elevation view of the building(s) or pictures of buildings with similar architecture. In addition to a concept sketch, proposals should have a narrative which explains the functionality of the development, discussing things like target demographics, unit price points, unit sizes, whether the units are for purchase or rent and how the affordability piece will be addressed. Additionally, the narrative should discuss how the development meets the Finally, proposers will need to fill in the attached outline of financial commitment. The purpose of the financial commitment spreadsheet is to summarize the overall cost implications to both developer and city. Proposers should fill in only the yellow highlighted boxes with the percentage of each item they are prepared to make part of their commitment. The spreadsheet will automatically allocate the remaining costs to the city. There is also a spot at the bottom of the spreadsheet to indicate a desire to request Tax Increment Financing (TIF). It should be noted that the city has recently rejected TIF proposals for the development of this block. Proposals will be due on January 26, 2021 at 4:00 PM. They may be emailed to Mark Statz, City Administrator/Engineer at mstatz@centervillemn.com . Proposals will be kept confidential until they are made public by the issuance of the Agenda Packet on Friday January 29, 2021. Each developer may make a presentation to a joint meeting of the Planning and Zoning Commission, City Council and Economic Development Commission on February 2, 2021 at 6:30 PM, via Zoom. If the proposing party wishes to utilize PowerPoint or other presentation materials not included with the proposal submittal, those can be emailed to Mark (see above) at any time prior to the meeting. Those submissions will be kept confidential until the time of the meeting. The city intends to evaluate all proposals and presentations for overall value. This means be chosen as the winning proposal. The city reserves the right to reject all proposals, negotiate with any party, or accept further proposals. Proposals will not be binding, but will formulate the basis for further negotiation, leading to a Memorandum of Understanding (MOU), purchase agreement for her such agreement. If, during those negotiations, the city feels that the terms laid out in the proposal are not being adhered to, they may choose to end negotiations and begin with another party. All questions regarding this RFP should be directed to Mark Statz at 651-775-5126.