Board Packet 01 18 06 - Sonoma Marin Area Rail Transit - Home Page

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disclosure, indemnify and hold harmless SMART from and against all damages (including but not limited to attorneys’ fees that may be awarded to the party requesting the information) and pay any and all cost and expenses related to the withholding of the information. Proposer shall not make a claim, sue or maintain any legal action against SMART or its directors, officers, employees or agents concerning the withholding from disclosure of the information) 1. Cover Letter The proposal must contain a cover letter signed by the Development Team representative who is authorized to represent and negotiate on behalf of the development entity. The letter should state the legal name and form of the development entity, and provide the mailing address, phone and fax numbers and e-mail address of the team’s representative. 2. Executive Summary Please provide a summary of the proposed development and other key elements of the proposal, which does not include details regarding financial capacity or the financing plan. 3. Development Team Changes/Additions Please highlight any changes in the development team or additional team members who were not previously included, if any. The development team should include, at a minimum, the following: Developer/development entity Architect Community Outreach specialist Primary source(s) of project equity (and potential secondary sources/financial partners, if known) For each team member, please indicate prior experience working with other members of the development team, the proposed role and qualifications of the team member, and any other information relevant to the RFP requirements. 4. Project Description Please provide a narrative description and graphical representations of the proposed project including: a) A detailed description of the development program envisioned for the site, including the total number, square footage, size, and types of housing units (market rate and affordable) and square feet of retail space, a description of the target markets for housing and retail, and the market feasibility of each use. b) A description of the proposed project’s design and architectural features. c) A site plan showing building, entries, uses, circulation, and public open spaces, d) At least one massing diagram that shows the sizes of the proposed buildings and their relationship to surrounding development. e) Site section(s) that illustrate the relationship of buildings and uses on the site, including a section through the 4 th Street alignment looking north. f) A brief narrative that describes how the proposed project fulfills SMART’s joint development goals (set forth in Appendix A) and programming elements (described in Chapter 6 of this RFP). Request for Proposals for Joint Development at <strong>Rail</strong>road Square -15-
5. Public Involvement Please provide a clear description of your proposed methods to incorporate input from the community, including the number of public meetings and other opportunities for public input throughout the process. 6. Financing Plan The proposal should include a financing plan and financial analysis that includes: i ii iii A description of the method of financing the project, differentiating by phase and product where possible. Provide a clear and detailed plan for securing the necessary equity and debt to finance the project (including the affordable component), highlighting the nature and likely timing of any major contingencies. Indicate the proposed shares of debt and equity. Please identify and include preliminary commitments or statements of interest from lenders and/or potential equity partners. Please describe funding committee approval process. SMART reserves the right to request additional documentation of the proposer’s financial capacity as a part of the evaluation of proposals. A description of the proposer’s key business assumptions. Please refer to Appendix E regarding SMART’s minimum business terms and selected ground lease requirements. SMART anticipates receiving unsubordinated rental payments consistent with the market value of the proposed leasehold. Please provide written confirmation that SMART’s real property fee ownership and ground lease rent will not be subordinated. A financial analysis that includes i) details regarding estimated sources and uses of funds and a breakdown of estimated construction costs; ii) assumptions about rents, other revenues, and operating expenses by use; and iii) a cash flow analysis that shows estimated phasing of development costs, rents and other operating assumptions, debt service, ground lease payments and residual cash flows. 7. Financial Capability Unless already provided (as part of the RFQ submittals), the developer should also provide: i. Audited financial statements for the past five years, including a balance sheet, income statement, and statement of cash flow. These financial statements may be provided under separate cover, if desired. ii. References (name and phone number) for at least two commercial banks and two institutional development partners. Please describe the nature of the references’ involvement in prior comparable projects, i.e., financial sources that have provided members of the development team with debt or equity financing of comparable magnitude to that required for the proposed project. In addition, please provide at least two public agency references for projects completed by members of the development team (e.g., city managers, redevelopment staff, planning directors, economic development directors, etc.) and at least two other contacts that can provide information about the experience and capability of members of the development team to complete the proposed project. Request for Proposals for Joint Development at <strong>Rail</strong>road Square -16-
Page 1 and 2: I. Call to Order AGENDA: SMART DIST
Page 3 and 4: I Call to Order MINUTES OF SMART BO
Page 5 and 6: Regarding housing, Ms. Belzer refer
Page 7 and 8: XIV Consent Agenda Chair Jehn state
Page 9 and 10: M E M O R A N D U M DATE: January 1
Page 11 and 12: 2. The loan obligations by SMART wi
Page 13 and 14: 12. This Agreement shall not be con
Page 15 and 16: M E M O R A N D U M DATE: January 1
Page 17 and 18: Changes to Railroad Square RFP (12/
Page 19 and 20: Changes to Railroad Square RFP (12/
Page 21 and 22: TABLE OF CONTENTS 1. Introduction .
Page 23 and 24: Figure 1 SMART Corridor Map Request
Page 25 and 26: Some potential mechanisms to involv
Page 27 and 28: District is 35 feet and two stories
Page 29 and 30: the SMART property is at the easter
Page 31 and 32: 6.2 Land Use Considerations There a
Page 33: Local Hiring for Construction Phase
Page 37 and 38: -- any commitment to fund a local c
Page 40 and 41: SITE PHOTOS (Viewed from the East)
Page 42 and 43: APPENDIX B ADDITIONAL MAPS AND PHOT
Page 44 and 45: Page 2 2. Relationship with Local G
Page 46 and 47: Page 4 3. Party of Record on Dispos
Page 50 and 51: APPENDIX D SAMPLE EXCLUSIVE NEGOTIA
Page 52 and 53: developing the Lease, and to compen
Page 54 and 55: If to the AGENCY: Sonoma-Marin Rail
Page 56 and 57: APPENDIX E MINIMUM BUSINESS TERMS R
Page 58 and 59: Assignment. SMART will have a reaso
Page 60 and 61: MINIMUM CONTRACTOR REQUIREMENTS The
Page 62: 9) Have any contractors or subcontr

Board Packet 01 18 06 - Sonoma Marin Area Rail Transit - Home Page

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