Request for Expression of Interest Regarding the Disposition and Development of the Meadow Acres Property
|Request for Expression of Interest Regarding the Disposition and Development of the Meadow Acres Property
PROPOSAL WILL REMAIN OPEN UNTIL A SELECTION IS MADE.
PROPOSALS WILL BE REVIEWED UPON RECEIPT.
The intent of this Request for Expression of Interest (“RFEI” OR “Proposals”) is to provide an open and transparent process for interested parties seeking to acquire and develop the property in partnership with the City and consistent with goals and outcomes in the approved strategic plan.
Proposals will be accepted until filled. Initial review will begin January 3, 2020. It is the intention of the City to accept proposals until an agreement is reached. Updates will be posted as necessary.
Please send your response to:
Karen Rimmer, City Clerk
101 N. 4th Street
PO Box 1030
Douglas, WY 82633
Community Development Director
|The City recognizes that time is of the essence and it is the intention to see construction commence in 2020.
After a preliminary review, the City may choose to request interviews with potential candidates. Upon selection, the City will offer an Exclusive Right to Negotiate (“ERN”) to the developer. The ERN will provide for a period to negotiate the terms of property disposition and schedule. Please note, as a property asset, the City will seek to include reversion clauses in the terms should the developer fail to perform.
All development agreements are subject to approval by City Council of Douglas. Staff makes no warranty or representation that any development agreement will be approved, only that it will be provided for consideration and presented in good faith by staff.