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d. The purchase and sale agreement shall be in the Proposers name submitted <br />in the bid Proposal. During the agreement period, the Proposer/buyer may <br />not assign its rights or obligations under an agreement without the prior <br />written consent of the City, which consent may be withheld in the sole <br />discretion of City. The Proposer may assign its rights and obligations to 1) <br />a partnership of which the Proposer or an affiliate entity is the general <br />partner, 2) to a limited liability company of which the Proposer or an <br />affiliate entity is the managing member and which the Proposer or an <br />affiliate entity directly or indirectly holds an ownership interest, or 3) any <br />other entity in which Proposer directly or indirectly has an ownership <br />interest and is responsible for managing the day to day activities of such <br />entity. <br />4. A detailed and concise project description of the proposed development <br />including narrative, preliminary site plan and renderings if available (e.g., size <br />of building and square footage of specific components, nature of improvements, <br />number of parking spaces, development plan, anticipated materials and design <br />style, circulation patterns, loading/service provisions) to be built on the site. <br />Information should be included about the anticipated type of tenants expected. <br />For all projects, the narrative must also address the development concept for the <br />site, current zoning, and anticipated development costs. <br />5. A letter of intent from tenants or other information documenting the demand for <br />the proposed space, if available. <br />6. A proposed timeframe for the development, including identification of any <br />conditions that must be met before the Proposal can become a reality. The <br />schedule should include the time needed to obtain financing, complete design <br />and secure permits and entitlement approvals, prepare the site, start and complete <br />construction, and start and complete occupancy and/or lease -up. <br />7. Provide evidence of sufficient financial strength to undertake and successfully <br />complete a project of this scale. The preferred evidence is recent financial <br />statements for respondent with an accompanying letter from a certified public <br />accountant verifying that the financial statements were prepared in accordance <br />with Generally Accepted Accounting Principles. The City, at its sole discretion, <br />may consider alternative evidence of sufficient capacity to undertake a <br />development of the proposed scope: <br />(NOTE: alternative evidence must be approved by the City prior to respondent's <br />submission of a response to this REP. <br />8. A description of proposed project financing structure and anticipated return (e.g. <br />anticipated sources and proportions of debt/equity and financial return threshold <br />required by respondent). <br />9. Please indicate whether fundraising to finance all or a portion of development <br />costs is proposed, and if so, in what amount. <br />City of Santa Ana RFP 19-026 <br />Page 5 <br />