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Shakopee City Council
October 17, 2017
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| | | | | | | | | FROM: | Michael Kerski, Director of Planning and Development | | TO: | Mayor and Council Members |
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| | | | | | | | Subject:
Request for Proposals (RFP) for two city-owned locations in the downtown | | |
| | | | | | | | Policy/Action Requested:
Advertise and solicit proposals | | |
| | | | | | | | Recommendation:
Authorize the advertisement of the RFP and the solicitation of proposals per the attached draft request for proposals. | | |
| | | | | | | | Discussion:
The city or the EDA/HRA currently owns a number of parcels in the downtown. Staff is recommending a comprehensive RFP that will be sent and advertised to the development community. There are several developers that have already contacted the city that are now interested in proposing. We are offering ample time for the development community to complete their due diligence and to propose on one or both of the sites. We have developed a comprehensive and transparent process for the review of proposals. The city's financial advisor will also assist in reviewing any financial information. We also have the option, depending on the number and type of proposals that we receive, to retain HR&A to assist in the final review. HR&A is currently working on the comprehensive plan and their specialty is real estate market research and feasibility and they are ranked as one of the top firms that municipalities retain for the review of proposals. | | |
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