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HomeMy WebLinkAboutBid Information and Packets BID NOTICE NOTICE OF SALE OF REAL ESTATE FOR THE PRIVATE REDEVELOPMENT OF REDEVELOPMENT PARCEL NO. 11 CARMEL CITY CENTER REDEVELOPMENT AREA Notice is given hereby that The City of Carmel Redevelopment Commission ("CRC") will open and consider written offers of purchase and proposals for redevelopment (the "Redevelopment Proposals") of the parcel of real estate generally located at the northwest corner of Rangeline Road and 1261h Street, which real estate is depicted as "Parcel No. 11" on the Location Map(the "Redevelopment Parcel"). CRC will open the Redevelopment Proposals at 7:00 p.m. local time on April 19, 2005, as part of a public meeting to be held at the Carmel City Hall, One Civic Square, Carmel, Indiana 46032 (the "Public Opening"). Redevelopment Proposals shall be submitted to the Department of Community Services at the Carmel City Hall, One Civic Square, Carmel, Indiana 46032 (the "CRC Offices"). The deadline for submission of Redevelopment Proposals is 5:00 p.m. local time on April 19, 2005 (the "Receipt Deadline"). At least five days before the Public Opening, interested parties will be able to obtain from the CRC Offices information concerning the room in which the Public Opening will occur. The offer by CRC of the Redevelopment Parcel for sale and redevelopment is made on the conditions set forth below (the "Conditions for Redevelopment"). Development Guidelines: The redevelopment of the Redevelopment Parcel, including, without limitation, the construction of the project proposed by the successful bidder in its Redevelopment Proposal (the "Project"), shall be completed in compliance with the Development Guidelines and the Zoning Ordinance. Preferential Features: CRC will give preference to Redevelopment Proposals proposing a Project that includes one of the following (in order of preference): (a) an integrated redevelopment of the Redevelopment Proposal, the real estate designated as "Parcel 4" on the Location Map, and the real estate designated as "Mohawk Plaza" on the Location Map (an "Integrated Project"); (b) a coordinated development with the mixed-use project planned for the real estate designated as "Parcel 5" on the Location Map; and (c) a coordinated development with the performing arts center to be constructed on the real estate adjacent to a portion of Parcel 5 on the West. Financing Contingency: CRC will give preference to Redevelopment Proposals that are not made subject to the bidder being successful in obtaining financing. CRC Work: CRC shall complete the streetscape work described in the Exhibits to the Bid Package, CRC Work Schedule: CRC shall complete the CRC Work in compliance with a schedule jointly established by CRC and the successful bidder that coordinates work performed by CRC with work performed by the successful bidder. Parcel Condition: Except for the CRC Work, the Redevelopment Parcel is being offered on an "as- is" basis. Minimum Offering Price: $250,000.00 Acquisition Date: The sale and purchase of the Redevelopment Parcel must be closed by May 31, 2005. Completion Date: Construction of the Project must be completed by November 30, 2006, subject to the CRC Deferral Option. CRC Deferral Option: CRC shall have the option to defer construction of the Project for up to three years from the Acquisition Date (the "Deferral Period"). If CRC exercises its Deferral Option, then: (a) at any time during the Deferral Period, CRC may elect to repurchase the Redevelopment Parcel from the successful bidder (the "Repurchase Option") for a repurchase price equal to: (i) the purchase price paid by the successful bidder; plus (ii) an amount equal to interest on such purchase price from the Acquisition Date through the day that CRC closes the repurchase of the Redevelopment Parcel at the rate of interest announced by Fifth Third Bank from time to time as its prime lending rate (the "Prime Rate"); and (b) if CRC does not elect to repurchase the Redevelopment Parcel during the Deferral Period, then at the end of the Deferral Period, CRC shall pay to the successful bidder interest on such purchase price from the Acquisition Date through the last day of the Deferral Period at the Prime Rate. Proposal Requirements: Each Redevelopment Proposal must: (a) be submitted on the prescribed form included in the Bid Package; (b) include all of the information requested in the Bid Package; (c) if submitted by a trust (as defined in IND. CODE 30-4-1- 1 (a)), identify: (i) each beneficiary of the trust; and (ii) each settlor empowered to revoke or modify the trust; (d) be received in its entirety in the CRC Offices by the Receipt Deadline; and (e) include a cashier's check or certified check payable to the order of CRC in an amount equal to 5% of the purchase price for the Redevelopment Parcel set forth in the Redevelopment Proposal. CRC has caused to be prepared the exhibits listed below (the "Exhibits"), and CRC will make all of the Exhibits available at the CRC Offices for examination and use by all interested persons. This Notice, together with the Exhibits, constitute the "Bid Package". Exhibit A Instructions to Bidders Exhibit B Form Redevelopment Proposal Exhibit C Development Guidelines Exhibit D CRC Work Exhibit E Location Map (includes Parcel 4, Mohawk Plaza, and Parcel 5) Exhibit F Zoning Ordinance Exhibit G Outline of Project Agreement Exhibit H Executive Summary to Phase One Environmental Site Assessment Exhibit I ALTA Survey of the Redevelopment Parcel Requests for information concerning the Bid Package should be directed to: Karl P. Haas, Wallack, Somers & Haas, PC, One Indiana Square, Suite 1500, Indianapolis, Indiana 46204; telephone: 317- 231-9000; and e-mail: kph©wshlaw.con. Requests for access to inspect the Redevelopment Parcel should be directed to: Les Olds, AIA, Executive Director, Carmel Redevelopment Commission, Carmel City Hall, One Civic Square, Carmel, Indiana 46032; telephone: (317) 571-2492; and e-mail: lolds @ci.carmel.in,us. CRC reserves the right to: (a) consider or reject without consideration any Redevelopment Proposals that do not satisfy the Proposal Requirements; (b) reject any or all Redevelopment Proposals; and (c) make an award to the highest and best bidder, as described more particularly in the Bid Package, even if the Redevelopment Proposal submitted by the highest and best bidder does not satisfy all of the Conditions for Redevelopment. In determining the highest and best bidder, CRC shall take into consideration the following: (a) The purchase price for the Redevelopment Parcel, as proposed in each Redevelopment Proposal. (b) The cost to CRC of satisfying its obligations with respect to the redevelopment of the Redevelopment Parcel, as described in each Redevelopment Proposal. (c) The cost, size, character, and quality of the improvements to be constructed by a bidder as part of the redevelopment of the Redevelopment Parcel, including, without limitation, the degree of compliance with the Development Guidelines, the Zoning Ordinance, and the other Conditions for Redevelopment. (d) The schedule for completion of the Project. (e) The general business reputation of the bidder. (f) The experience of the bidder with respect to the development and construction of projects similar to the Project (the "Similar Projects"). (g) The record of the bidder with respect to the completion of Similar Projects on schedule, within budget, and in compliance with plans, permits, and laws. (h) The current ability of the bidder to complete the Project on schedule, within budget, and in compliance with plans, permits, and laws. (i) The financial resources of the bidder and its principals, including, without limitation, the financial resources available to complete the Project. (j) The financial resources of the bidder's equity investors and construction lender, including, without limitation, the financial resources committed and available to fund completion of the Project. (k) The square footages of the components of the Project, the rental amounts for space in the Project, the parking spaces to be provided for the Project, and any amenities to be provided. (I) The development and site plans for the Project and other improvements; and the compatibility of such plans with neighboring buildings and the nearby neighborhoods. (m) Extent to which the Project, as proposed in each Redevelopment Proposal, includes the Preferential Features (in order of preference). (n) If a Redevelopment Proposal proposes an Integrated Project, whether the bidder holds fee title to Mohawk Plaza or the rights to acquire fee title to Mohawk Plaza. (o) Whether the Redevelopment Proposal includes a Financing Contingency. (p) Satisfaction by the bidder of the Proposal Requirements; compliance of the bidder with the Conditions for Redevelopment, including, without limitation, the Development Guidelines and the Zoning Ordinance; and satisfaction by the bidder of any additional requirements of the Bid Package. (q) Any other factors that CRC determines to be important in carrying out and serving: (i) the Conditions for Redevelopment, including, without limitation, implementing 1he Development Guidelines and complying with the Zoning Ordinance; (ii) the legal purposes of CRC; and (iii) the interests of The City of Carmel, Indiana, and its residents, from the standpoint of both human and economic welfare. A successful bidder will be required to execute a binding Project Agreement with CRC, committing the bidder to: (i) satisfying the Conditions for Redevelopment, including, without limitation, implementing the Development Guidelines and complying with the Zoning Ordinance; and (ii) fulfilling the commitments made by the bidder in its Redevelopment Proposal. The Project Agreement shall include the terms and conditions outlined in the Exhibits to the Bid Package. The City of Carmel Redevelopment Commission Farm Prescribed by State Board of Aceounes 900549-3739637 General Forms No.99 I'(Rev, 1987) CARMEL CLERK TREASURER-LEGALS To: INDIANA NEWSPAPERS 307 N PENNSYLVANIA ST- PO BOX 145 COUNTY, INDIANA INDIANAPOLIS, IN 46206-0145 PUBLISHER'S CLAIM LINE COUNT Display Molter-(Must not exceed two actual hoes- neither of which $ shall total more than four solid lines of the type in which the body of the advertisement is set)- Number of equivalent lines Head-Number of lines $ - Body- Number of lines $ i $ . Tail -Number of lines $ . Total number of lines in notice COMPUTATION OF CHARGES 236.0 lines 2[!columns wide equals 476.0 equivalent $ 234.20 lines at.492 cents per line Charges For extra proofs of publication 121.00 for each proof in excess of two) .S .00 $ 00 TOTAL AMOUNT OF CLAIM $ . DATA FOR COMPUTING COST $ . Width of single column 723 ems Size of type 5_7 point $ - $ Number of insertions 1.0 $ 234.20 Pursuant to the provisions and penalrics of Campier 155,Acts of 1253, I hereby certify that the foregoing account is just and correct- that the amount claimed is legally due, ahcr allowing all lust credits,and that Flo part or the same.has been paid. DATE; 04108/2005 -t aLir< --Clerk Title 900549-3730637 PUBLISHER'S AFFIDAVIT BID NOTICE - • State of Indiana SS: ' NOTICE OF SALE OF REAL ESTATE Hamilton County FOR THE PRIVATE REDEVELOPMENT OF REDEVELOPMENT PARCEL NO.11 CARMEL CITY CENTER REDEVELOPMENT AREA Notice is given hereby thatrhe City of Carmel Personally appeared before me.,a notary public in and for said county and state, Redevelopment Commission("CRC")will open and consider written offers of purchase and proposals for redevelopment (One Re developme re Proposals')of the parcel of real estate generally located at the northwest corner of Rangehne the undersigned Karen Mullins who, hcing duly sworn,says that SHE is clerk Road.and 126th Street,which real estate is depicted as "Parcel Null''en the LOCahoo Maplrbe"Redevelopment Parcel"). meal will pro PthhehRietl velopment Ptof to fills S meeting 0 rm. of(he Noblesville Ledger a newspaper of general Cl r['.nl alion be Indiana 46032(the"Public Opening).Redeve'lopmenlel, Proposals shall he submitted to the Department of Printed and published in the English language m the city of NOBLESVILLf:in stale Community services at the Carmel City pall,One Civic Square,Carmel,Indiana 46132(the"CRC Offices"I.The deadline Ioraubmissipn of Redevelopment Proposal);is 8114 COLOR):afllrCSald, and that the printed matter attached hereto is a True copy, stop pm.Rot time on April 19.Z0051rise"Receipt ) P Deadline'''. At least five days before the Public Opening, interested parties will be able to obtain from the CRC offices information concerning the room in which the Public which was duly published in said paper for 2 lintels),between the dates of: Opening will occur. Tile offer by CRC cif the Redevelopment Parcel for sale and (the-Conditions for Redevelopmenl').n"sset forth below r Develoolnent 04/0112.0115 and 04/08/2005 The redevelopment of the without Redevelopment Parcel,Including,wi limitation,the construction of the project / / proposed by the successful bidder in its r , Redevelopment Eel completed in liance'with the -- Clerk DevelaPment Guidelines and the Zoning Title Ordinance. Prelerentfal Features: odor of grefeene)! to Reeevempmpnt Proposals proposing a Subserl bed and sworn to before me On 0 0 12005 proojject that includes one of the following {I (a)order integrated redevelopment 1 (a)el interceetl oposal.the the IV \trit Redevelopment Proposal,Ne real estate designates as"Parcel estate de on rho Location , -Liogisai,,_ "Mohawk and the real estate designated no "Mohawk Plaza"on the Location Map Ian "Integrated Prdleetr'): "OF'F'ICIAL SEAL" Notary Public mixed-use project planned fen the real estate designated as"Parcel 5'an the Brenda K.Turk Location Map;and Fo'. (c) coordinated development with n,e Notary Public,State ul ona1 Performing arts center to be constructed My COil]niission expires: eof on the real estate adjacent to a portion of lyfy COmmlS>iUU �' Parcel S nn the Weer 11. f! el l Proposal Requirements. Each Redevelopment Proposal mush(a) be submitted fin the prescribed form included in the Bid Package;lb)include en of the information requested in the BM Package;(c)if submitted by a trust(a3 • defined in IND.CODE 30-4•1-l(a)),Montt ft 0i each beneficiary of the trust,and 00 ach settler empowered to revoke or mod,-I• l in the CRtrust.id)eseby thevReceipt Dear tenet 1 and ten irrclade a cashier's check or cecti- •1 Financing lied check payable to the order of CRC in Conl'mg¢ncy: CRC will give preferenm.m an amount equal to Sty of the purchase 1 Retleve ApmenL Propusa 5lhat are nor Pout for the Redevelopment brcel set mode subject to the bidder belag success- to forth be in pre od Redevelopment Proposal. Jul in obtaining lnartcing. CRC has caused to be prepared to exhibits listed below (the"Exhibits-,and CRC will make all of the Exhibits avail- CRCWerk: CRC511ai1 Complete WeS[ree[scapi files{the CRC Offices ice,toethera and use bY all inler- work described in the Exhibits m the aid esletl the tee. This Nauce,in¢[M1er with IDL Exhibits,mn- Package. smote the"Bid Package", CRC Work Exhibit A Instructions l0 Bidders Schedule: CRC shall comtlele etc CRC world n Exhibit Ed compliance veillta schedule l'Jlntly eslab' Evh.hrt C [development GP;deInesOpgsal Ilshed by CRC and the successul bidder Exhibit CRC wilt that coordinates work performed Gy CRC Exhibit E Location Ma dh work performed by the successful bid- p(includes Parcel 4,Mohawk der Prato.and Parcels • Exhihlt P Zonin Or ) • Parcel Contllion; Reentforvt PaCCel rk,ti plteritl on Wend G Outline of Protect Agreement oPnle Fxhiltithl [xeCutive Summite r0 Phase One n"as-is'basis. Exhibit I pnvl ennicave Site Assessment Minimum Offering 5250,00000 ALTA Survey of the Redevelopment Price: Request for information concerning the Did Package Acquisition Datc Th¢sale and 6urehass of the Parcel Redevelopment Parcel must be clasud by should be directed Io:Karl{!Naas,WRlleck,$pmers Sr May 31.2005. fines,PC.One Indiana Square,Suite 1500 Indianapolis, Completion Dater C31.20ctiel"pr'theprofeLtmbSt be Indiana 4d2C4;telephone' completed by November 30.soda.snhjed kpM1,�wshlaw.c css to 317-231-9000;a Redevelopment antl a-mall: LO the CRC Deferral Option. Requests for access to ins Should be directed 10.Les inspect the R¢YeeCel°Amen[Parcel CRC deferral 2492,and IA' u[iV¢Olrictpq Option: CRC Sba llhavetheoPtionmticfercen Civic Square,Carmel lndianq q(,032'leleuu telephone:312)7l- yeme tee,pl the cquisit 14! Ile three 249$;and a-mail:bids©cLCarinel.in,ue. , re from the A rojecli on Olt t(the CRC reserves the ri pef0rral Period"1. Si CRC exercises cs consideration arty Redevelopment consider or reject t do riot Oeerral Option.there(a)at any lilac cur- 1 Sanity the Proposal ment Proposals reiec that do nut me the Deferral Period,CRC may elect in Redevelopment Proosals,amegls: a mnawarota all r purchase the Redevelopment Parcel from highest and best hidd,i as described Make MUM c Itarticula the • the successful bidder(the"Repurchase •he Bid Packs Y III Option")for a repurchase price equal to; mind by the hi,)even if Me Redevelopment Proposal saub- B)thepurchasepricepaidbythe success- the best tut bidder,plus(ill et amount euual to ens and best nidtlec CRC shall lake into consideration the interest on such purmiate price Irtlm the fgllgwina Acquisition Date through the day that CRC (al tile purchase Inen[ Iterenarnerate of in Re evelop- as proposed in each lRedeveopmenl Proposal Parcel, annqu arc by FiIse ratrtl aaOk from time to I67 The cost to CRC of sn6slylnp its oil RBa[ions with time us its prime lending rat¢([he lime t. respect to the redevelopment of the Redevelopment If CRG does not¢led t0 .Parcel as described in each Redevelopment Proposal, Raters and the !ce The cost,sin.Lllamde5 and quality 01 Inc improve- ments then Period, Parcel der m nts to he constructed boa bidder as parr of the rede- in9lhe Deferral Period,then at the end of irpment of tile,Redevelopment Parcel,including, the Deferral Period,CRC shall nay to the out limitation,the degree 4r'compliance wed,.the successful bidder interest on Such bur' Development(:pidelines.the Cooing n'rtn chase price from the Acquisition Date other Conditions for Redevelopment.gOrtlinance,and the• through the last day of the Deferral Period lid) The schedule for Completion te Project at the Prlm¢Rate. _ Iii the general business reputation of the bidder. It) experianee of the bidder with respect to the ' Project(the,'Similar construction projects similar to the (p1 the iseard at the bidder win reeoect to the comple- tion of similar Projects on schedule,within budget,and compliance with brans,permits,and laws_ (n) The current ability of the bidder 10 complete the Pr fern on schedule,within budget,and In compliance nth plans,permits.and laws. (l/ the financial resources of the bidder and itspriuci- pals,including,without!imitation the financial resources available the Ii) the na sours f thebidder's Protect. and crristroctian lender,including,witfQUt lim- itation the financial resources committed and aveilahre to lend completion of the Project. Project the renrealness al inmRS fors mpgn¢the of the parking spaces to be r the in Chet,and t,ly mine/idles to de provided_ far doe Prpjatt,and any III)her The teshe development and site grans for the Project and improvements;and the compatibility of such plans with neighboring buildings ant/the nearby neighbor hones. (m)Extent to which the Project,as prop-ved in each • .Redevelopment Proposal,includes the Preferential Features(in order of preference), O If a Redevelopment Proposal proposes an Integrated Project,whether the bidder holds lee title to Mohawk Plaza or Wu rights to acquire lee title to Mohawk Plaza_ (o) Whether the Redevelopment Proposal includes a Fillancing Contingency. l (p) Satisfaction by the bidder o1 the Proposal Requirements;compliance of the bidder with the Conditions far Redevelopment.including,without limite- d/7n, Development Guidelines e rlyodin ncand satisfaction iddeolanadd- tional requirements of the aid Package_ (e) Any other factors that CRC determines to be impor- tant in Carrying out and serving:(i)the Conditions for Redevelopment.including.Without limitation,imetement- r g the Development Guidelines and complying With the Zoning Ordinance:till the legal purposes of CRC;and(iii) the interests of The City of Carmel,Indiana,end its resi- dents.hem the slander:dnt of both human and economic "lime; A successful bidder will be required to execute a binding Project Agreement with CRC,commlimg the bidder to:(I) satisfying the Conditions ler Redevelopment,including, with nut limitation,inloleiaenting lire oeveropmen[ Guide/foes and complying with the Zoning Ordinance;and (ii)fulfilling the commitments mate by the bidder in Its Redevelopment Proposal.The Project Agreement shall me Bite Packages and conditions mNlned m the Exhibits to The City of Carmel Redevelopment commission (NI 4/1,4/8115-3)3083 71 Form Prescl'ihcd by State hoard of Accounts Gcysmt Form Na 99 P(lieu. 1987) . • 80202.3730726 CITY OF CARMEL - To: INDIANAPOLIS NEWSPAPERS 307 N PENNSYLVANIA ST - PO BOX 145 COUNTY, INDIANA INDIANAPOLIS, IN 46206-0145 PUBLISHER'S CLAIM LINE COUNT Display Matter-(Must not exceed two actual lints, neither of which $ shall total more than four solid lines of the type in which the body of the advertisement is set). Number of equivalent lines Mead-Number of lines 5 • Body-Number of lines $ $ Tail-Number of lines $ • Total number of lines in notice COMPUTATION OF CHARGES 201.0 lines 2.0 columns wide equals 402.0 equivalent $ 214.67 lines at .534 cents per line Additional ciaige for notices containing rule and figure work(5(1 per cent of S. . above amount) Charges for extra proofs of publication ($1.00 for each proof in excess nr Iwo) $ .00 $ .00 TOTAL AMOUNT OF CLAIM $ . DATA FOR COMPUTING COST $ . Width of single column 7.83 ems Size of type 5.7 point $ $ Number of insertions 2.0 $ 214,67 Pnrsurnu to the lime/sir-my and penalties of Chapter 155, Acts of)953. I hereby certify that the foregoing account is just and correct,that the amount claimed is legally due,after allowing all just credits, and that no part of the same has been paid. DATE: 04/08/2005 f 'S Ir .. EL(,yL.z. Clerk Title 80202-3730726 PUBLISHER'S AFFIDAVIT State of Indiana SS: -1 ,c A;74- r a banish °Yy4l "" MARION County Personally appeared eared before.me, a notary . ivg� Y P Y public in and for said county and state, the undersigned Karen Mullins who. being duly sworn.says that SHE is clerk of the INDIANAPOLIS NEWSPAPERS a DAILY STAR newspaper of general circulation punted and published in the English language in the city of INDIANAPOLIS in state and county aforesaid, and that the printed matter attached hereto is a true copy, which was duly published in said paper for 2 time(s),between the dates of: 04/01/2005 and 04/08/2005 /// //// �)0,4 ('jil_-.L1 Clerk Title Subscribed and sworn to before me on 18/2005 /may Pi C: dt...31 h. "OFFICIAL SEAL" luny Public Brenda R. Turk Form 65-REV I-S8 My commission expires: Not.ry Public,Stilt,„f hid'.qa My Commission Exp.05/06R011 STATE PRESCRIBED FORMULA RATE PER LINE 7.83 PICA COLUMN - 94 POINT PUBLISHED I TIME=.339 94 POINTS 15.7 PT. TYPE- 16.49 PUBLISHED 2 TIMES=.509 16.49 EMS/250-.06596 SQUARES PUBLISHED 3 TIMES=.679 .06596 SQUARES x " i9zioize-siv'vo rs1'" .PUBLISHED 4 TIMES= .848 SOU'9 inch/'T i0Ie Pue uonev!wexa aol SSJllln :sdirp Umlem,lWV DUD ela is tip011enc s}mtne3 uarsslwwou leawna eel le Ile aye e, Ina um .tamped laecup w A1]eta Pue t,sn9!eu3,,Pee 2.201211 'PSesocd P!9 am Dl Palsy sl! elle eel pa..:0 , seeetuS app UI pao9lnn seUIl d aq of Pesneasxq 3H3, fir er 0110Et ut1:AEu :10g°they F51 pEVELO EM jk o,.i-ft-R constitute 0.E0E�El0 CARREL Cl ram,a.CNCka9e'. ND,31 Erpit ID AREA Ex hi bit A Instructions to LOPRodeb th Cedars Y� EVE v n 1 ;bit B Form Redevelap I"^�?HV tCo glssl0n oPt9po saloevelnpmenl �("CRC'9 'ir cn aq coo- aid C cider written-otters ers spur Ikn'RS chase and propnsula l or pncluiliC Mee redevelopment t❑❑e Plea,aLocate:,4,Mohmvk laza "RetIeveloptneld PIDpu o I') Cnhibn F a(gi b) of the parcel of real esta; Exhibit G 9rd1,pnoeeCt genetally located at tht Agreement no rlhwesl corner of■Exhibit if Execv Sun mart Ran9eline Road and 126th to Phase One t pmanal Street,which teal estate Is Site Assessor depleted as"Parcel Nu.11" Exhibit 1 ALI SU)s ?Riled(hu Location Map(tbe Redeve10 tniont Par`i tee evelopment Parcel"). Requernin for info lion CRC will open the should the Bid t'Rage Redevelopment Proeosals at should be directed to.`tl R 1:00 p.m.local time on April laas,Wall tick,SamI. D 19,2005,as part of a public Haas, PC, One Ind peeling to be held at the Square,Suite 1500, Icy Carmel City Hall,One Civic n pmts,Indiana 96204;(f4- Square, Carmel, Indiana plane 3V-231-9000;and 46032 (the "public mail kph @iwshlaw.com. Opening ). Redevelopment in RequestS for access It. Proposals shall be submitted inspect the Redevelopment b direct to the Department of Parcel should be directed to Community Services at the Les Olds, A tA, Executive deve1 Carmel City Hall,One Civic Director.Carmel n,Carmel (the Carmel, Indiana meat Commission,Carmel 46032(ltle"CRC Offices"). City Ilan,One Civic Square, The ur deadline f Submission Cornet,Indiana 96032;tele- of Redevelopment Proposals phone:(311)521.2992;and is 5:00 p.m. local time on e a 1 I April 19,2005(the"Receipt Inldsesery cannel the right before tt ),At least live days CRC reserves the right lo: before the Public Opening, la)ceflsi der Or reject without interested parties will he consideration any Redevel- able to obtain from the CRC cement Proposals that do Offices information co not satisfy the Proposal 99 the room in which the Requirements;m)reject any Public Opening will occur or all Redevelopment The olio by CRC of the Proposals;and(0)make an Redevelopment Parcel for award In the highest and sole and redevelopment is best bidder, at described conditions made on the conditions set more particularly iii the aid forth below(the"Conditions Package, even it- the for Redevelopment"). Rbmitte by Proposal redevelopment Guidelines:The submitted by lM highest and redeve laptnent of the best bidder dos not satisfy Redevelopment Parcel, all of the Cr/millions dens Inr the including,s,without limitation, Redevelepmest.In determjn- the construction oil the pro- trig the highest i best tad- Met proposed by the sec- der,CRC shall eke into con- cessfol bidder In 115 (a) the the(flowing: (the "Project"),Ptupasal (a) rite pumhae price for (the completed i t")) shall be the proposer Parcel, mp la lad in Compliance as proposer in each with the Development Redevel°pmenl'ropoeal. Guidelines and the Lomn0 thin toe l:RCof sots Ordinance. lying Its cost liens with Preferential Features:CRC respect to tti redevelop- will give ora(errnco to meat of the Rlevelop meat Redevelopment Proposals Parcel,as derroed in each proposing a Project that Redevelapme opesaf. includes One of the following (c)me coda, character (iu order of preference): and quality he improve' (a)an Integrated redevelop- meats to be the fee bi a Imoor of the Redevelopment estate bidder as par IheredNel- Propoabl,the real es tote apment of Redevel- ,designated as"Parcel 4"on moment Par, ion, t g, the Location Map,and the grout ligation, the real estate designated as degree of salience with "Mohawk Plaza" on the the Developnt Gutlelin°s, Zoning Location Map (an the Zoning Onatce,atm I"Tramp eked Project", the other CN ihions for (b)a coorordinated develop- Redevelopme meal with the mined-use (e)The ache for c°mple- erojeci planned for'Prcel run of Pr (. estate designated as'Parcel (e)the Boner sines rap- 5"an the Location Map;and Marlon of the e lc)a coordinated develop- (f)Die expert.of the bid- unt with the port arming der with r ct to the arts'center to be constructed development ge construe- 1 on the real estate adjacent Lion of prejec miler to the 1 to a portion of Parcel 5 on Project (tt "Similar t the West. Projects"). I i Midi Contingency:CRC 1 The record the bidder dl give prelerence to with respect pp e comple- -Redevelopment Proposals lion of Similplrejects on that are not made subject to schedule,with}°duet,end the bidder being successful in compllen¢Tith plans, n obtaining financing permits,and IM CRC Work:CRC shall corm (It)The cured hlity of the plete the streelscape work bidder to olblete within the in the Exhibits to Project on scale, the Did Package budget, and 1 compliance CRC Work Schedule: CRC with plans, gaits, and shall complete the CRC Work laws. I in compliance with a sched- (0 she financiaesources of re jointly established by the bidder and retacpets, CRC arid the successful(rid- including,with ation, der that coordinates work the financial res}ces avail- performed by CRC with work able to complete Project Performed by the successful (j)The financial rEaltrces of bidder the bidder's equi nveaers Parcel Condition: Except for and cons tructl lender, the CRC a Work, the t cluding,without station, Redevelopment Parcel is the linanal resell 1pscom- being offered on an"as-is" milted and availabltto fund basis completion of the Pripet Minimum DH Bring Price: (k)The square lontyes'of 52`0,000,00 the components 0 the Acquisition Date:the sale Project,the rental amounts and purchase of the for space in the Proleglhe Redevelopment Parcel must parking spaces to be pmid- be closed by May 31.2005. ed for the Project.andany Completion Date: tenities tote provided. Construction of the Project amenities The development and site must be completed by plans for the Project and November 30,2006,subject other improvements;and the to the CRC Deferral Option compatibility of such plans CRC Deferral Option: CRC with neighboring butildin0s shall have the option to defer and the nearby neighbor fonstruction of the Project hoods. or up to three years from (m) Extent to which the the Acquisition Date (the Project,as proposed in each "Deferral Period").it CRC Redevelopment Proposal exercises its Del erred includes the Prel erential Option,then:(a)at any time Features(in order of prefer- derine the Deferral Period, ace). CRC may elect to repurebuse O If a Redevelopment the Redevelopment Parcel Proposal proposes an I from the successful bidder Integrated Project,whether (the"Repurchase Option") the bidder holds tee title to fora epurchase price equal Mohawk Plaza or the rights to: (i0 the purchase price to acquire fee title to paid by the successful bid- Mohawk Plaza. der; plus Iii) an amount (o) ' Whether the equal to interest on such Redevelopment Proposal purchase price Dom the includes a Financing Acquisition Date through the Contingency. day that CRC closes the (0)Satisfaction by the bidder repurchase of the of the Proposal Redevelopment Pap col at the Requirements;Compliance of rate of interest announced the bidder with the by Filth Third Bank from time Conditions for Redevelop- to time as its prime lending man),including,without Time rate(the"Prime Rate");and tattoo, the Development 1(b) if CRC does not elect to Guidelines and the Zoning remit,base the Redevelop- Ordinance; and satisfaction I nt Parcel during the by(Ire bidder of alt p addition' Deferral Period,then at the al requirements of the aid end of the Deferral Period, Package. CRC shall pay to the success- (o) Any other factors that tel bidder terest on such CRC determines to be Impo• purchase price from the (ant in carrying out and sert- Acoeisit,00 Date through the ing: (I) the Conditions for last day of the Deferral Redevelopment.including. Perim)at the Pnme Rate without limitation,imp le' Prop osal Requirements: mentlny the Development 1ioch Redevelopment Pro- Guidelines nd complying eased must(a)be submitted with the Zoning Ordinance: t on the prescribed form (ii)the legal purposes of Included in the Bid Package; CRC;and(iii)the interests of (b)include all of the Intorma- The City of Carmel,Indiana, (ion requested in the Bid and its residents,from the Package; (c)if submitted by standpoint of both human a trust(as defined In IND. and economic welfare. CODE 304.1-1(a)),identify: A successful bidder will be (I)pooh beneficiary of the required to execute a binding trust.and (d)each set(lor Project Agreement with CRC. empowered to revoke or committing the bidder to:(i) modify the trust; (d) be satisfying the Conditions for received In its entirety in the Redevelopment.including, CRC Offices by the Receipt without limitation. Imple- Deadline;and(e)include a meeting the Daveloamenl cashier's check or certified Guidelines and complying check payable to the order of with the Zoning Ordinance: CRC In an amount equal to and(ii)fulfilling the commit. 510 of the purchase price for meets made by the bidder in the Redevelopment Parcel its Redevelopment Proposal. set torn, in the The Project Agreement shall