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an amount sufficient to perform the demolition of the building in accordance with <br /> paragraph 3 above. The City of Centerville has received preliminary estimates for the cost <br /> of the demolition of the building in the <br /> range of $ * * ** to $ * * * *. <br /> 5. Agreement to the terms of the sale providing the City of Centerville with choice of <br /> remedies in the event the purchaser fails to meet the obligations of the contract including <br /> the representations and warranties and the proposed purchaser's development plan. The <br /> choice of remedies shall include a right to specific performance and a right of reversion, in <br /> addition to damages. <br /> 6. The proposed time table for the proposed development/use of the site. <br /> 7. Assurance of commitment to cooperate with the City of Centerville planning process. <br /> 8. The proposed development/use of the site, including any zoning requirements, financial <br /> incentives or tax increment financing requests, and any other information which would be <br /> necessary for consideration of the proposal under the criteria set forth in this request for <br /> proposal. <br /> 9. The proposal must be signed by a representative or officer of the proposed purchaser who <br /> has the authority ( to bind the proposed purchaser to a contract with the City of Centerville. <br /> 10. Ce /i ti ;. e-P tit ri pen( ieen (sai �A' L 1 I i <br /> /I � /prwi ��iM � Le_ �•ti /7� Wi 4S T w. 44 <br /> III. Criteria for Consideration "'" k`+ Vat <br /> Proposals will be reviewed by tl* a committe' The committee will review proposals and may ask <br /> to interview some or all of the prospective purchasers. <br /> Proposals will be evaluated by the Committee based on the following criteria: <br /> 1. Proposals must meet the minimum requirements set forth above. <br /> 2. Proposals will be evaluated based upon the following factors: <br /> Financial Plan: The review of the financial plan shall include, but is not limited to: <br /> • the purchase price; <br /> • financing of purchase and proposed use; <br /> • requests for governmental assistance or tax increment financing; <br /> • creation of tax base; <br /> • the prospective purchaser's financial ability to complete the project; <br /> • and contingencies on the proposed development. <br /> .fr j ef i r <br /> 2 <br />