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Res 14-96 RESOLUTION NO. 14-96 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA, AUTHORIZING THE ACQUISITION OF CERTAIN REAL PROPERTY AS HEREINAFTER DESCRIBED BY THE DELRAY BEACH COMMUNITY REDEVELOPMENT AGENCY BY GIFT, PURCHASE OR EMINENT DOMAIN; PROVIDING AN EFFECTIVE DATE; AND FOR OTHER PURPOSES. WHEREAS, by Ordinance No. 46-85 adopted by the City of Delray Beach, the City Commission of the City of Delray Beach, Florida, created the Delray Beach Community Redevelopment Agency; and WHEREAS, pursuant to Section 163.370(1)(e)(2), Florida Statutes, the Delray Beach Community Redevelopment Agency possesses the power to acquire by gift, purchase or eminent domain any real property within the community redevelopment area; and WHEREAS, the City Commission of the City of Delray Beach, Florida, has been requested by Resolution No. 96-1 adopted by the Delray Beach Community Redevelopment Agency to authorize the acquisition in fee simple by gift, purchase or eminent domain, of certain property described therein; and WHEREAS, Section 163.370(1)(e)(2), Florida Statutes, further provides that a community redevelopment agency may not exercise any power of eminent domain unless the exercise has been specifically approved by the governing body of the municipality which established the agency; and WHEREAS, the City Commission of the City of Delray Beach, Florida, desires to approve or authorize the acquisition of the property hereinafter described by the Delray Beach Community Redevelopment Agency by gift, purchase or eminent domain. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS: ~ That the Delray Beach Community Redevelopment Agency is hereby authorized to acquire fee simple title by gift, purchase or eminent domain that certain property more specifically legally described as follows: Lots 1, 2, 3, 8 and 9, Block 77, TOWN OF DELRAY, according to the Plat thereof as shown in Plat Book 1, Page 3, of the Official Records of Palm Beach County, Florida. Section 2. That this resolution shall take effect immediately upon passage. PASSED AND ADOPTED in special session on this the 13th day of February, 1996. City Cler~ / - 2 - Res. No. 14-96 [lTV JIF DELI:IffY EIEI:I[H DELRAY BEACH ll[lmedca Ci~ ~MO~~ DATE: Febmau 12, 1996 1993 TO: David Harden, Ci~ Manager FROM: Susan A. Ruby, City Attorney SUBJECT: Request from the City of Delray Beach Community Redevelopment Agency to Acquire Certain Pieces of Property Situated in Block 77, Town of Delray by Gift. Purchase. or Eminent Domain The attached information, which our office obtained this afternoon, is being provided to you as additional backup materials for the above-referenced item that is currently scheduled before the City Commission on February 13, 1996. Attachments cc: Alison MacGregor Harty, City Clerk ® . Printe~ on t~ecyc/od P,~por Community Redevelopment Agency Delray Beach MEMO TO: Susan Ruby, Cit~.~W-~ey FROM: Chris Brow~-" DATE: February 9, 1996 RE: Resolution to Acquire Executive Mall Property on Block 77 Susan: The CRA Board of Commissioners unanimously approved, at their meeting of February 8, 1996, Resolution 96-1 requesting City Commission to authorize the CRA to acquire properties on Block 77 as described in the resolution. Enclosed is a copy of Resolution 96-1. Also enclosed is the resolution for City Commission's approval to authorize the CRA to acquire the above-mentioned parcels. We would appreciate your putting this item on a Special Meeting agenda of the City Commission for February 13, 1996. Thank you. 24 N. Swinton Avenue, Delray Beach, FL 33444 (407) 276-8640 / Fax (407) 276-8558 sPnqNEI DITTMAN, FEDERSPIEL & DOWLING 501 FAST ATLANTIC AVENUE ROBERT A. DII-rNAN DELRAY BEACH, FLORIDA 33483 DONALD C. DOWLING TELECOPIER (407) 276-54B9 ROBERT W. FEDERSPIEL, P.A. ~IOHN W. SPINNER TELEPHONE (407) :='76-:~900 February 12, 1996 Susan Ruby, Esq. City Attorney City of Delray Beach 200 N.W. 1st Avenue Delray Beach, FL 33444 RE: Request from the City of Delray Beach Community Redevelopment Agency ("CRA") to Acquire Certain Pieces of Property Situated in Block 77, Town of Delray by Gift, Purchase, or Eminent Domain Dear Susan: I am herein forwarding to you Resolution 96-1 of the CRA, passed by unanimous vote of the Board of Commissioners on February 8, 1996, requesting the action by City Commission. The properties to be acquired by gift, purchase, or eminent domain are described in the enclosed resolution pursuant to the Community Redevelopment Plan. Bill Doney will be available at the City Commission meeting to answer any questions. Thank you for your consideration. Sincerely, ROBERT W. FE ERSPIEL, P.A. rt W. Federspiel RWF: kp Enc. CITY OF DELRAY BEACH TO AUTHORIZE THE ACQUISITION IN FEE SIMPLE TITLE BY GIFT, PURCHASE, OR EMINENT DOMAIN OF CERTAIN PROPERTY HEREINAFTER DESCRIBED; FINDING THAT SAID PROPERTY IS NECESSARY FOR THE PUBLIC PURPOSE OF R~DEVELOPMENT IN ACCORDANCE WITH COMMUNITY REDEVELOPMENT PLANS; PROVIDING AN EFFECTIVE DATE; AND FOR OTHER PURPOSES. W~EREAS, the Delray Beach Community Redevelopment Agency has duly adopted a Community Redevelopment Plan f~rthe area within its jurisdiction; and WHEREAS, as part of its Community Redevelopment Plan, the Community Redegelopment Agency has established goals and objectives with respect to the revitalization of the downtown business district and the encouragement of new commercial activities within the community redevelopment area; and WHEREAS, one of the projects set forth in the Community Redevelopment Plan is the Downtown Mixed Use Redevelopment Project, such project as' set forth in the Community Redevelopment Plan, encompassing those properties lying within Block 77, TOWN OF DELRAY, according to Plat 'Book 1, Page 33 as mbre particularly described hereinafter in this Resolution; and WHEREAS, a comPOnent 'of the above-described project is the acquisition'of lands necessary'to facilitate said redevelopment project; and WHEREAS¥. the "Community Redevelopment Agency has determined that it is in the public's interest to proceed with the acquisition of the propeFties hereinafter described by gift, purchase or eminent domain and pursuant to Chapter 163 Part III, Section 163.330,' et. seq~ Fla. Stat., (the "Community Redevelopment Act of 1969"), 'and it is appropriate to request the City of Delray Beach to authorize the Delray Beach Community Redevelopment Agency to exercise the power of eminent domain to the extent it determines it is necessary for said acquisition of the properties described below. NOW, THEREFORE,' BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF TEE DELRAY BEACBREDEVELOPMENTAGENCY THAT: Section 1. The City Commission of the City of Delray Beach is hereby requested to authorize the acquisition of the following parcels of real property legally described as follows= Lots 1, 2, 3, 8, and 9, Block 77, Town of Delray according to the plat thereof as shown in Plat Book 1, page 3 of the Official Records of Palm Beach County, Florida. by gift, purchase or eminent domain as described in Chapter 163, Part III, Section 163.330, et. seq., Fla. Stat., (the "Community Redevelopment Act of 1969") and Chapters 73 and 74, Fla. Stat. The Delray Beach Community Redevelopment Agency shall acquire fee simple title to said property following delegation of the above- described power of eminent domain by gift, purchase or eminent domain. Section 2. The Board of Commissioners of the Community Redevelopment Agency hereby determines that it is necessary to acquire the property described above pursuant to its Community Redevelopment Plan and more particularly the Downtown Mixed Use Redevelopment Project as contained therein. Section 3. This Resolution shall take effect immediately upon passage. PASSED AND ADOPTED this ~ day of / 1996. COMMUNITY REDEVELOPMENT AGENCY properties lying within the defined project area, the providing of additional structure or surface parking, as well as additional infrastructure as required. Project Participants and Administration o The project will be administered and coordinated by the CRA o Other participants may include, but are not limited to, the City of Delray Beach, DDA, Atlantic Avenue Association, Parking Management Team, one or more Major Tenants and the Project Developer. Funding Sources o The CRA, and others as appropriate, shall provide the funding for Phase One of the project. o Funding sources for Phase Two shall be provided by the CRA and others as appropriate. o Funding sources for Phases Three and Four shall be provided by the developer selected for the project, the City of Delray Beach, CRA, DDA, and others as appropriate. Project Schedule o Phase 1 began in FY 1992/1993 o Phase Two will commence FY1994/1995. o Phase Three shall commence on the completion of Phase Two and the determination of feasibility for proceeding. o The schedule for Phase Four will be determined upon the completion of Phase Three. o The Phases set forth above are illustrative only and may be combined with one another as the circumstances dictate. tt 2.4: "Downtown Mixed Use Redevelopment Project" Background Since its creation, the Community Redevelopment Agency has consistentJy made efforts to attract new businesses into Downtown Delray Beach. The economic importance of the Downtown and the need for major attractions and nighttime activity generators was well recognized in the 1986 Community Redevelopment Plan. The City, also realizing the importance of the CBD as a vital and competitive commercial marketplace, has included several policies in its Comprehensive Plan toward achieving that end. Blocks 77 and 85, located south of Atlantic Avenue, are situated between the F.E.C. Railroad tracks and S.E. 1st Avenue. The CRA began to plan acquisition of these blocks in 199i for the purpose of locating a major cinema operator and mixed retail uses in the downtown area. This location was chosen because all the property was divided among only four owners on Block 77 and two owners on Block 85 (one of which is the City of Delray Beach). Additionally, large portions of the two blocks were undeveloped and the major property holding on Block 85 was in foreclosure. The situation changed in 1993 when a new 10-plex cinema was constructed at the Delray Mall, causing interest in a downtown cinema to fade. The CRA reevaluated the project and decided to proceed with property acquisition under the assumption that it could assemble the property and attract a developer interested in constructing a mixed-use project at the location. The CRA acquired the major parcel on Block 85, fTonting Atlantic Avenue in December 1993 'and additional vacant property in the rear in 1994. In early 1995, the CRA amended its strategy since developer interest in a large scale mixed-use project had not yet materialized. As part of this new strategy, 4.13 the CRA decided to solicit RFP's and offer its current properly holdings on Block 85 for sale or lease. It is anticipated that redevelopment of these holdings along with planned redevelopment of the nearby Ocean City Lumber property will increase developer interest in a larger scale mixed-use project in this location. The CRA will continue to acquire additional property and to market this concept. Project Ob!ectives o Provide economic stimulation and investment in the CBD. o Improve marketability of the retail core. o Increase nighttime activity in the downtown o Provide housing opportunities in the downtown area o Eliminate slum and blighted conditions Prolect Description o Development of a mixed-use redevelopment project. o Project to be located within the Central Business District within Blocks #77 & 85. o Phase One of the project may include, but is not limited to, land acquisitions (refer to Appendix 'D" for Land Acquisition Map), construction of building and site improvements, the solicitation of RFP's from potenti=l buyers or tenants and sale or lease of some or all CRA property holdings on Block 85. o Phase Two may include but not be limited to the solicitation of RFP's from private developers, selection of project developers, design of the project, project economic feasibility studies, advertisement for disposition of any additional property to be acquired by the CRA for the implementation and construction of the project. o Phase Three would include but not be limited to the implementation of project development including any remaining property acquisitions and disposition of property required for the project participation and the construction of the project and other matters. o Phase Four may include the construction or expansion of structures, the providing of additional structure or surface parking, as well as additional infrastructure as required. o To attract major buyers, tenants and developers, the CRA may offer incentives (e.g. provision of parking and off-site infrastructure, financing packages, rent subsidies and sale or lease of land below market value). Project Participants and Administration o The project will be administered and coordinated by the CRA o Other participants may include, but are not limited to, the City of Delray Beach, DDA, the Chamber of Commerce, the Council of 100, Parking Management Team, Major Tenant(s) or Purchasers. and the Project Developer. Funding Sources o The CRA and others, as appropriate, shall provide the funding for Phases One and Two of the project. o Funding sources for Phases Three and Four shall be provided by the developer selected for the project, the City of Delray Beach, CRA, DDA, and others as appropriate. Pro~ect Schedule o The CRA acquired some of the block 85 properties in FY 1993/1994 o Sale or lease of some or all CRA property holdings on Block 85 in 1994/1995 o Phase Two will commence FY1994/1995. o Phase Three shall commence on the completion of Phase Two and the determination of feasibility 4.14 for proceeding. o The schedule for Phase Four will be determined upon the completion of Phase Three. o The Phases set forth above are illustrative only and may be combined with one another as the circumstances dictate. # 2.5: "Block #76 & 884 Redevelopment" Background These blocks, located between N.E. 1st. Avenue and the FEC Railroad, between Atlantic Avenue and N.E. 1st. Street, are adjacent to the Old School Square Cultural Arts Center. This location makes this a principal area to take advantage of spin-off activity generated by the Center. Both blocks contain structures in deteriorated condition and uses which have a blighting influence on the surrounding area and are inconsistent with the ultimate goals and proposed image for the Pineapple Grove Neighborhood. The primary land use in Block #84 is the former home of the now defunct Ocean City Lumber Company. This property was purchased at an RTC auction in 1992 and is now planned for redevelopment by a private developer. A major obstacle to this 'Ocean City Redevelopment' project is the lack of adequate parking in the immediate area. Since this is also a problem for Old School Square, the CRA decided to make this the major focus of its redevelopment effort within these two blocks. With this goal in mind, the Agency began its program with the purchase of another former Ocean City Lumber property offered at the RTC auction in 1992. This property is located in Block #76, which is ideally situated between Old School Square and the Ocean City Lumber Redevelopment Project (Block #84). In order to provide adequate parking for the area, the CRA plans to purchase additional property within Block #76, including the Pierce Tire property. It should also be noted, that this is one of the few locations which may take advantage of $500,000 of redevelopment seed money available under the Decade of Excellence Bond. In fact, the City has already allocated some of this seed money to reimburse the CRA for its prior purchase of the Ocean City Lumber property. The CRA has requested that the City allocate the remainder of these funds as necessary for the additional land purchases. Proiect Obiectives o Eliminate the blighting influences within these blocks o Redevelop the blocks to take advantage of its prime location within the downtown area adjacent to Old School Square o Increase the economic vitality of the CBD through the attraction of new businesses o Provide parking for adjacent development and redevelopment Proiect Description o Construction of a parking lot to meet the needs of adjacent uses including Old school Square and the Ocean City Lumber Redevelopment Project. o The parking lot constructed on the project may be a municipal lot entirely for public use, may be sold or leased to private entities or may be a combination of both. Private users located in the Redevelopment Project may make arrangements to pay the CRA or other public or private entity a fee to lease or purchase enough parking spaces to meet City parking requirements for their use. o In addition to providing parking the CRA may offer other incentives to facilitate the redevelopment effort o One or more redevelopment projects located within this two block area which are compatible with Old School Square in theme (i.e., arts, crafts, cultural and entertainment). o Strong Pedestrian linkages to Old School Square, the downtown and the Pineapple Grove 4.15 Property Acquisition Map Downtown Mixed-Use Redevelopment . I I l J East Ztlantic Z. venue SE 1st Street l-- :l i , !-- A. 12-43-46-16-01-077-0010 Lots 1.2, 3, 8 & 9, Block 77. Town of Linton B. 12-43-4~- 16-01-077-0040 Lots 4 to 6 & Lots 7 & 13 (Less N. 16 FL Road ~. Block 77, Town of Linton C. 12-43-46- $ 6-01-077-0140 Lo{ 14 & N. 65.2 FL of Lot 15, Block 77, Town of Unton O. 12-43-46-16-01-085-0011 Lot1 (Less S. 79.3 Fl.). Blocl( 85, Town of Unton E. 12-43-45-16-01-085-0060 S. 79.3 FL of LOl 1, Block 86, Town of Union REQUEST FOR PROPOSALS FOR THE PURCHASE, LEASE, OR JOINT VENTURE OF COMMERCIAL PROPERTIES TO BE ACQUIRED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF DELRAY BEACH, FLORIDA FEBRUARY 8, 1996 Request for Proposals The Community Redevelopment Agency of the City of Delray Beach ("CRA") hereby requests redevelopment proposals from interested parties for the purchase, lease, or joint venture of commercial properties to be acquired by the CRA. The properties include several fronting on East Atlantic Avenue and several fronting on SE 1st Avenue and SE 2nd Avenue in Delray Beach, FL. The properties consist of both vacant land and commercial buildings, one of which is unoccupied. The properties described in Paragraph A, Numbers 1 through 8 inclusive, are being offered for disposition as an entire set. The proposer, as an alternative, may include the parcels described in Paragraph A, Numbers 9 and 10. The CRA and the City each own only one property in the set. This Request for Proposal is being published pursuant to its powers under Florida Statutes Chapter 163, Part III, The Community Redevelopment Act of 1969, as amended. Based upon a proposal acceptable to the CRA pursuant to this Request resulting in a negotiated contract with a successful proposer, the CRA intends to acquire such parcels as described in this Request which the successful proposer would not currently own in order to effectuate the redevelopment of. the subject property pursuant to such successful proposal. The specific properties that comprise the redevelopment area are listed below: A. Location & Legal Description: 1. Address: 110 East Atlantic Avenue Legal Description: Block 77, Lots 1, 2, 3, 8 and 9, Town of Delray Property Control No.: 12-43-46-16-01-077-0010 2. Address: East Atlantic Avenue Legal Description: Block 77, Lots 4 to 6 and Lots 7 and 13 (less the North 16 feet for road fight-of-way), Town of Delray Property Control No.: 12-43-46-16-01-077-0040 3. Address: 33 SE 1st Avenue Legal Description: Block 77, LOt 10 and the North 50.5 feet of LOt 11, Town of Delray Property Control No.: 12-43-46-16-01-077-0100 4. Address: 101 SE 1st Street Legal Description: Block 77, the South 24.2 feet of LOt 11 and Lot 12, Town of Delray Property Control No.: 12-43-46-16-01-077-0112 5. Address: SE 2nd Avenue (Vacant Lot) Legal Description: Block 77, Lot 14 and the North 65.2 feet of LOt 15, Town of Delray Property Control No.: 12-43-46-16-01-077-0140 -2- 6. Address: 32 SE 2nd Avenue Legal Description: Block 77, the South 9.5 feet of Lot 15 and Lot 16, Town of De[ray Property Control No.: 12-43-46-16-01-077-0152 7. Address: 34 & 36 SE 2nd Avenue Legal Description: Block 77, Lot 17, Town of Delray Property Control No.: 12-43-46-16-01-077-0170 8. Address: 44 SE 2nd Avenue Legal Description: Block 77, Lot 18, Town of De[ray Property Control No.: 12-43-46-16-01-077-0180 9. Address: SE 1st Avenue at SE 1st Street (Vacant LOt) Legal Description: Block 78, Lot 1, Town of De[ray Property Control No.: 12-43-46-16-01-078-0010 10. Address: SE 2nd Avenue at SE 1st Street (Vacant Lot) Legal Description: Block 78, the North 69.5 feet of Lot 9, Town of De[ray Property Control No.: 12-43-46-16-01-078-0090 Please note that the above listed properties include eight (8) parcels of land in Block 77 and two (2) parcels of land in Block 78. Depending upon the development proposal, the CRA may request that the City abandon the alleyways within the project; however, no assurance of such abandonment may be given. Prior to entering into a contract for purchase, lease, or joint venture of any of the above parcels, the CRA will provide the exact legal description of each parcel. B. Land Use Regulations Pursuant to City of De[ray Beach Land Development Regulations, use of the property space is limited to those uses permitted in the CBD (also known as "Central Business District"). A copy of the permitted uses is included with this RFP. C. CRA Redevelopment Plan The Redevelopment Project pursuant to this Request for Proposals is described in the CRA Redevelopment Plan, a full copy of which is available at the offices of the Agency. The CRA is in the process of amending such Plan to provide certain modifications to the Redevelopment Project to accommodate various aspects of the proposals requested hereunder. -3- D. Aerial Photograph & Site Plan of Redevelopment Area Enclosed is a site plan of Block 77 and part of Block 78. Please note that the dimensions are approximate. Aerial photographs are available upon request at a cost of $25.00 each. E. Survey The CRA will provide a survey of the properties in the redevelopment area after entering info a contract with the successful proposer. F. Environmental Audit The CRA will provide a copy of a Phase I environmental audit of the properties being offered for redevelopment after entering into a contract with the successful proposer. G. Bid Bond Thc proposer must submit with his proposal a Bid Bond from an acceptable surety, a cash sum represented by a Cashier's Check, or an irrevocable letter of credit in favor of the CRA in an amount equal to twenty-five thousand dollars ($25,000). In the event a proposer is selected to negotiate a contract with the CRA, the proposer will be required to submit an additional bid bond, cashier's check, or letter of credit in favor of the CRA in an amount equal to twenty-five thousand dollars ($25,000). The bid bond will be returned after one hundred twenty (120) days from the date of delivery, as stated in Paragraph M, to any proposer who has not been selected to negotiate a contract with the CRA during that period or with any proposer with whom any negotiations have been terminated. H. Deposit The contract for purchase, lease, or joint venture between thc CRA and the successful proposer will require a deposit at the time of execution of an agreement equal to ten percent (10%) of the appraised land value of the properties included in the redevelopment project. I. Purchasing, Leasing or Joint Venture Alternatives The proposer may propose to secure an interest in the properties included in the redevelopment project area either by means of a purchase, a land lease, or a joint venture. J. Property to be Considered The property to be considered in a proposal must include those parcels described in Paragraph A, Numbers 1 through 8, including buildings and vacant land as described -4- herein. The proposer may add to its proposal the inclusion of additional properties in Block 78 as described in Paragraph A, Numbers 9 and 10. K. Submission Requirement 1. The proposer must state who would bear the cost of demolition of the existing structures and provide justification for retaining any existing structure that the proposer intends to save. 2. The proposer must state the anticipated use of the proposed redevelopment project. The uses must be currently permissible under the City of Delray Beach Land Development Regulations and, in particular, under the Central Business District zoning district's regulations. 3. If .the proposer anticipates that greater than 50% use of the project will be residential, then the proposer must submit a market study justifying thc feasibility of such use. Thc study must be performed by a professional engaged in the business of real estate market research and/or commercial real estate appraising. If an appraiser is utilized, then he or she must be licensed by the State of Florida. Thc study must include the anticipated absorption rate for thc project, the anticipated mix of unit types, the projected rent (in case of a rental project), or the projected sales price (in case of a for-sale project). If accessory uses include retail and/or office, then the market study should address the feasibility of including the accessory uses. 4. If the proposer anticipates that greater than 50% use of the project will be office, retail, or a mix of both, then the proposer must show that at least fifty percent (50%) of the project is preleased to financially sound tenants, evidenced in the proposal by bona fide letters of intent signed by interested tenants. The bona fide Letter of Intent is intended to be a third party, arm's length, non-binding Letter of Intent specifying the resonable conditions under which parties would intend to consummate a lease. The proposer may elect to include a market study stating the feasibility of the project. The study must be performed by a professional engaged in the business of real estate market research. Please note that a market study will not replace the requirement for letters of intent. 5. The proposer must submit a site plan of the proposed redevelopment project at a scale of one inch equals thirty feet (1" = 30'). The site plan should include, as a minimum, the location of proposed buildings and existing buildings if the latter are to remain part of the project. Parking, walkways and major landscaping features should be illustrated. If the project is to be built in phases, then a site plan should be submitted for each phase. -5- 6. The proposer must submit floor plans of the proposed buildings and existing buildings if the latter are to remain part of the project. At least two architectural elevations must be submitted of the proposed buildings, one fronting Atlantic Avenue and one fronting SE 2nd Avenue. The floor plans and elevations should be drawn at a scale of one inch equals eight feet (1" -- 8'). 7. The proposer must state the proposed terms and conditions of the purchase, lease, or joint venture including the terms of payment, closing date, and any conditions, cofltingencies, and additional requirements. The proposer should specify any other proposed financial arrangements with the CRA or City such as allocation of infrastructure costs, loans, credit enhancements, or other. The proposer should demonstrate how the acquisition, joint venture, and/or any other financing arrangement provides a fair return of and on the CRA's equity in land and any other proposed investment by the CRA. A lease, if proposed, must describe the terms and extent to which a lease would be subordinated, if at all, to the proposer's financing. 8. The proposer must submit a time schedule for completion of renovations, if any, new building construction, if any, and on-site parking. If the project is to be redeveloped in phases, then the time schedule should reflect the phases. 9. The proposer must submit a total project cost analysis stating, by category, the major elements of the redevelopment and respective costs. The major cost items shall include, as a minimum, land costs, building costs, tenant improvement costs, parking lot or garage costs, landscaping costs, other site costs, architectural and engineering costs, and any other significant costs. 10. The proposer must submit a financing plan which may include a preliminary financing commitment by a lending institution or other primary source of investment financing and for adequate security acceptable to the CRA (e.g. payment and performance bond, cash deposit, etc.) for the construction of the project. The financing plan must also account for all debt and equity investment required to fund project costs. A firm financing commitment by the sources described above must be provided prior to the award and execution of the contract to the successful proposer. 11. The proposer must submit information which would permit an understanding of the proposer's structure, qualifications, and financial strength as well as those of key project participants. The CRA reserves the right to research the background of each principal with respect to both credit and police records. The proposer must submit a signed consent form as part of their proposal. The consent form is enclosed with this RFP. -6- (i) Description of the organizational structure of the proposer (and its parent entity, if it is a subsidiary). (ii) Identification of the proposer's principals, partners, officers or co-ventures (including names, addresses, telephone/fax numbers, and social security/federal business identification numbers). (iii) Information concerning the relevant experience of the proposer and key project personnel, including listing and description of past projects, role, nature of continuing role and responsibilities. (iv) References for relevant projects. (v) Current audited financial statement and three-year history of income and expense for thc proposer (and its parent entity, if it is a subsidiary) and for key committed tenants. Information regarding any legal or administrative actions past or pending that might impact thc capacity of thc proposer (or its principals or affiliates) to complete the project. Disclosure of any bankruptcies by any of thc above or related entities during the past ten years. 12. Thc proposer should state thc number of parking spaces their project intends to provide and thc extent to which, as well as thc terms undcr which, thc spaccs will be available to the public, either during peak hours and/or during off-peak hours. 13. Thc proposer must state which of thc properties dcscribcd in Section A above will bc purchascd from thc CRA upon its acquisition from thc currcnt owners, as wcll as stating which of thc properties dcscribed arc currcntly owncd or contractually controlled by the proposer, thereby eliminating thc necessity of acquisition by thc CRA. L. Selection Criteria Factors that thc CRA will usc in evaluating proposals include, but will not be limited to: 1. The qualifications (experience and capabilities) and financial capacities of the proposer as they would indicate ability to complete the project. 2. The level of direct financial investment required of and return to the CRA from the project. 3. The prospects for market and financial feasibility and financibility of the proposed project. -7- 4. The level of commitment and financial strength of proposed prelease tenants. 5. The level of commitment of financing sources. 6. The potential tax revenues generated by the project and the project's effect on the CRA's tax increment revenues. 7. The economic impact on other businesses in the downtown. 8. The number and character of net new jobs created in the downtown. 9. The number of parking spaces created and their availability for complimentary downtown use. 10. The extent to which the mix of uses supports the other uses and planning goals of the district. 11. The quality of site planning, landscaping, and building design proposed for the project. 12. Special emphasis will be given to projects utilizing the ground floor space fronting Atlantic Avenue as retail space. M. Sealed Proposals and Review Procedure Sealed proposals must be filed with the CRA at its offices located at 24 North Swinton Avenue, Delray Beach, Florida 33444, no later than the 15th day of March, 1996, at 5:00 p.m., and such proposals shall remain irrevocable for a period of one hundred twenty (120) days thereafter. The CRA will review all proposals filed and evaluate the same as to the merit for a successful redevelopment project in conformity with the selection criteria listed in Paragraph L and the redevelopment philosophy and concepts held by the CRA in the CRA's sole discretion. In the event the CRA determines that one or more of the proposals is feasible and is acceptable to further the CRA's redevelopment effort, in conformity with its Community Redevelopment Plan, the CRA may rank the acceptable proposals and elect to proceed with the negotiation of an award of a contract to the top- ranked proposer. The CRA reserves the right to negotiate such terms and conditions with the successful proposer as it deems in the public interest. In the event a contract is not negotiated to the CRA'a satisfaction, the CRA may abandon such negotiation, and if it determines it appropriate, to then commence negotiations with the next ranked proposer. All proposers should be familiar with the requirements of Florida Statutes Chapter 163.380 (1994) to which this Request for Proposal is subject. -8- N. Addenda All proposers should register their name, address, and phone number with the CRA at thc time of obtaining this Request for Proposal in order to be on the mailing list for any addenda issued by thc CRA. O. Right to Withdraw Chapter 163.380, specifically, with the requirements that once a contract is negotiated, the same must bc filed with thc City of Delray Beach City Clerk with the Notice of Intent to award such contract thirty (30) days prior to the execution of such contract. The CRA specifically reserves thc right to refrain from awarding a contract for the sale of any or all of thc subject property to any person and to withdraw from the process and/or negotiations at any time as it determines at its sole discretion. Thc CRA reserves thc right to enter into a contract with any of the proposers on the basis of the impact on redevelopment by the proposed project in the CRA's sole discretion and not necessarily to the proposer offering the highest purchase price. Thc CRA expressly reserves thc right to obtain economic feasibility studies with regard to any or all of thc subject proposals. P. Site Visits Any interested party may arrange, by appointment, to visit the site. Please call Diane Hcrvey at the CRA office at (407) 276-8640 for an appointment. Q. Interpretations Questions and inquiries concerning the proposal and specification of the solicitation shall be submitted in writing and directed to Mr. Christopher J. Brown, Executive Director, CRA, 24 North Swinton Avenue, Delray Beach, FL 33444 for receipt no later than ten (10) calendar days prior to the date set for receiving proposals. Oral explanations, information and instructions shall not be considered binding on the CRA. All prospective proposers are encouraged to independently verify the accuracy of any information provided. Neither the CRA nor any of its agents or employees shall be responsible for the accuracy of any oral information provided to any proposer. R. Prebid Conference A prebid conference will be held on January 12, 1996, at 9:00 a.m. at the offices of the CRA at 24 North Swinton Avenue, Delray Beach, FL (407) 276-8640. An additional prebid conference will be held on February 16, 1996 at 10:00 a.m. at the above office. -9- S. CRA Offices The CRA is located at 24 North Swinton Avenue, Delray Beach, FL 33444. The telephone number is (407) 276-8640. Property Acquisition Map Downtown Mixed-Use Redevelopment East Allantlc ~venue SE ]st Street A. 12-43-46-16-01-077-0010 Lots 1, 2, 3, 8 & 9, Block 77, Town of Delray B. 12-43-46-16-01-077-0040 Lots 4 to 6 & Lots 7 & 13 (Less N. 16 Ft. Road RNV), Block 77, Town of Delray C. 12-4346..16-01-085-0060 S. 79.3 Ft. of Lot 1. Block 85, Town of Delray D. 12-43-46-16-01-077-0100 Lot 10 & N. 50.5 FL of Lot 11, Block 77, Town of Delray E. 12-43-46-16-01-077-0112 S. 24.2 FL of Lot 11 & Lot 12, Block 77, Town of Delray F. 12-43-46-16-01-077-0152 S. 9.5 Ft. of Lot 15 & Lot 16, Block 77, Town of Deira¥ G. 12-43-46-16-01-077-0170 Lot 17, Block 77, Town of Delray H. 12-43-46-16-01-077-0180 Lot 18. Block 77, Town of Delrey ) 1. 12-43-46-16-01-078-0010 Lot 1, Block 76, Town of Delrzy J~ 1'2-;l~16-01'-076-0090 N. 69.5 Ft. of Lot 9, Block 78, Town Of Dejray The City of Delray Beach Com m u n ity Redevelopment Plan Amended by City Ordinance No. 48-95 September 5, 1995 The City of Delray Beach Community Redevelopment Agency