Transit-Oriented Development Site Bid Notice
- Department:Administration, Community Development
- RFP Number:2017-12-06
- Start Date:12/06/2017 8:25 AM
- Close Date:02/23/2018
Notice to Bidders
The Village of Bartlett (the “Village”) is soliciting bids from qualified developers/contractors to purchase and develop the property legally described as follows: Lots 11, 12, 13 and 14 in the Bartlett Town Center Subdivision, being a subdivision in the East 1/2 of the Southeast 1/4 of Section 34, and the West 1/2 of the Southeast 1/4 of Section 35, Township 41 North, Range 9, East of the Third Principal Meridian in Cook County, Illinois, (the “Subject Property”).
Bidders/Developers are expected to demonstrate that they have the necessary qualifications to successfully close on the purchase of the Subject Property and complete their proposed improvements thereto (the “Project”). Bidders/Developers are required to submit (1) a completed Qualification Statement responsive to the Request for Qualifications set forth below; (2) a proposed development package consisting of a detailed presentation of the proposed building or buildings, site plan, team information, financial information, a detailed timeline which spans from the acquisition of the Subject Property through completion and occupancy of the new structure(s) and its estimated cost to complete the Project (the “Proposed Preliminary Development Package”); and (3) an offer to purchase the Subject Property at not less than $660,000, which is 80% of its appraised value of $825,000 as determined by a written MAI certified appraisal prepared by Gale C. Jenkins, MAI and Michael MaRous, MAI, CRE, of MaRous & Company (the “Appraisal”), which is available for public inspection in the Community Development Department of the Bartlett Municipal Building or in the
Bartlett Transit-Oriented Development Site Solicitation of Bids, Statement of Qualifications and Proposed Preliminary Development Package Documents
Submittal Requirements and Due Date:
All Bidder/Developer Proposal Documents must include (i) a Statement of Qualifications responsive to the Request for Qualifications in Section IV of this document; (ii) Proposed Preliminary Development Package responsive to Section V of this document; and (iii) a completed Purchase and Sale Agreement in form as attached as Appendix A and responsive to Section VI of this document. The Bidder/Developer Proposal Documents must be complete and include one originally signed Purchase and Sale Agreement and five paper copies and an electronic copy of all Bidder/Developer Proposal Documents submitted by the due date and time as stated in this document. Bidder/Developer Proposal Documents shall be submitted in the form of a single sealed package, addressed and delivered to:
Mr. Tony Fradin, Economic Development Coordinator,
Village of Bartlett, 228 S. Main Street, Bartlett, IL 6010. Mr. Fradin can be contacted at (630) 837-0800 or email@example.com.
All Bidder/Developer Proposal Documents must be submitted not later than Friday, February 23, 2018 at 3:00 PM Central Standard Time.