HomeMy WebLinkAboutNotice of Sale of Real Estate - AMLI Wesland Abatement tti 11 4
NOTICE OF SALE OF REAL ESTATE is NM 24 2010
FOR THE PRIVATE REDEVELOPMENT ri1
OF REDEVELOPMENT PARCEL NO. 1A `� _ DOCS
IN THE CARMEL CITY CENTER , I�,: Cb
Notice is given hereby that The City of Carmel Redevelopment Commission ("CRC")will open and con
written offers of purchase and proposals for redevelopment (the "Redevelopment Proposals") of a certain
parcel of real estate("Redevelopment Parcel No. 1A")located generally on City Center Drive (126th Street),
with a west boundary that is approximately 235 feet west of the west right-of-way of Third Avenue Southwest,
as more particularly depicted and/or described on Exhibit F. The offer by CRC of Redevelopment Parcel
No. 1A for sale and redevelopment is made on the conditions set forth in this Notice (the "Conditions for
Redevelopment").
Required Use: The required use of Redevelopment Parcel No. 1A is for redevelopment as, and
construction of, market-rate residential apartment buildings (the "Residential
Buildings").
Development
Guidelines: The redevelopment of Redevelopment Parcel No. 1A, including, without limitation,
the construction of the Residential Buildings,shall be completed in compliance with
the Development Guidelines, as applicable. The Residential Buildings shall be
constructed in the Georgian Colonial architectural style.
CRC Site Work: CRC shall complete the site work described in Exhibit C.
CRC Improvements: CRC shall construct the infrastructure and site improvements described in Exhibit C.
CRC Work Schedule: CRC shall complete the CRC Site Work and construct the CRC Improvements 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 Site Work and the CRC Improvements, Redevelopment Parcel
No. 1A is being offered on an "as-is" basis.
Acquisition Date: The sale and purchase of Redevelopment Parcel No. 1A must be closed by
September 30, 2000.
Completion Date: The redevelopment of Redevelopment Parcel No. 1A, including, without limitation,
the construction of the Residential Buildings, must be completed in compliance with
a schedule jointly established by CRC and the successful bidder.
Minimum Offering
Price: The successful bidder must convey to CRC fee simple title to real estate (the
"Exchange Real Estate")suitable for satisfying the requirements of the United States
Army Corps of Engineers ("USACE"), the Indiana Department of Environmental
Management ("IDEM"), and any of the other necessary governmental authorities
with respect to the mitigation by CRC of the existing wetlands on Redevelopment
Parcel No. 1A and on the real estate adjacent to Redevelopment Parcel No. 1A on
the west("Redevelopment Parcel No. 1") in accordance with the mitigation plan and
the mitigation schedule approved by CRC,AMLI Residential Properties, L.P.(as the
owner of Redevelopment Parcel No. 1), USACE, IDEM,and any other governmental
authorities whose approvals are required.
Proposal
Requirements: Each Redevelopment Proposal must comply with the requirements of this Notice,
and each Redevelopment Proposal must include a bid to purchase and redevelop
the entirety of Redevelopment Parcel No. 1A. Each bidder must deliver one original
and nine (9)copies of 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, constitutes the "Bid Package".
Exhibit A Instructions to Bidders
Exhibit B Form Redevelopment Proposal
Exhibit C CRC Site Work and CRC Improvements
Exhibit D Carmel City Center Master Plan
Exhibit E Executive Summary to Phase One Environmental Site Assessment
Exhibit F Location Maps and Legal Descriptions
Requests for information concerning the Bid Package should be directed to:Karl P. Haas,Wallack,Somers&
Haas,One Indiana Square,Suite 1500, Indianapolis, Indiana 46204;telephone:317-231-9000;facsimile:317-
231-9900; and e-mail: haas-k @worldnet.att.net.
Requests for access to inspect Redevelopment Parcel No. 1A should be directed to: Kate Boyle-Weese,
Carmel City Hall, One Civic Square, Carmel, Indiana 46032.
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,which are located at the Department of Community
Services on the third floor of Carmel City Hall, One Civic Square,Carmel, Indiana, by 5:00 p.m. local time,on
March 24,2000;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 Redevelopment Parcel No. 1A set forth in the Redevelopment Proposal
(the "Proposal Requirements").
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 Exchange Real Estate, as proposed in each Redevelopment Proposal.
(b) The cost to CRC of satisfying its obligations with respect to the redevelopment of
Redevelopment Parcel No. 1A, 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 Redevelopment Parcel No. 1A, including,without limitation,the
degree of compliance with the Development Guidelines and the other Conditions for
Redevelopment.
(d) The schedule for completion of the Residential Buildings.
(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 Residential Buildings (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.
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(h) The current ability of the bidder to complete the Residential Buildings 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 Residential Buildings.
(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
Residential Buildings.
(k) The proposed density of the apartment units,the square footages of the units,the number of
bedrooms in the units,the monthly rental for the units,the parking spaces to be provided per
unit, and the amenities to be provided.
(I) The development and site plans for the Residential Buildings and other improvements, and
the compatibility of such plans with the Carmel City Center Master Plan, the neighboring
buildings, and the nearby neighborhoods.
(m) Satisfaction by the bidder of the Proposal Requirements; compliance of the bidder with the
Conditions for Redevelopment, including,without limitation,the Development Guidelines;and
satisfaction by the bidder of any additional requirements of the Bid Package.
(n) Any other factors that CRC determines to be important in carrying out and serving: (i) the
Conditions for Redevelopment, including,without limitation, implementing the Development
Guidelines; (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(ii)fulfilling the commitments made by the bidder in its Redevelopment Proposal
(the"Project Agreement").
Dated: , 2000 The City of Carmel Redevelopment Commission
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EXHIBIT A
INSTRUCTIONS TO BIDDERS
1. GENERAL: CRC is offering Redevelopment Parcel No. 1 A for sale. The disposal of Redevelopment
Parcel No. 1A will be governed by the procedures stated in the Bid Package, and all Redevelopment
Proposals, to qualify for consideration by CRC, must be prepared and submitted in accordance with these
procedures, and must utilize the forms provided in the Bid Package. The required use of Redevelopment
Parcel No. 1A is for redevelopment as,and construction of,the Residential Buildings. Each Redevelopment
Proposal must include a bid to purchase and redevelop the entirety of Redevelopment Parcel No. 1A. The
sale and purchase of Redevelopment Parcel No. 1A must be closed by September 30, 2000, and the
redevelopment of Redevelopment Parcel No. 1A, including, without limitation, the construction of the
Residential Buildings, must be completed in compliance with a schedule jointly established by CRC and the
successful bidder. Except for the CRC Site Work and the CRC Improvements, Redevelopment Parcel No. 1A
is being offered on an"as-is" basis. Redevelopment Parcel No. 1A is located generally on City Center Drive
(126th Street), with a west boundary that is approximately 235 feet west of the west right-of-way of Third
Avenue Southwest, as more particularly depicted on the Location Maps set forth in Exhibit F.
2. PROPOSAL FORM: Each Redevelopment Proposal must: (a) be made on the form provided as
Exhibit B, including Attachments A-C, to the Bid Package (the"Proposal Form"), which Proposal Form may
not be altered in anyway; (b)clearly state the name in which title to Redevelopment Parcel No. 1A will be held
if the Redevelopment Proposal is accepted;and(c)include the names and addresses of each person or entity
that will hold an interest in: (i) the title to Redevelopment Parcel No. 1A; or (ii) any entity that will hold an
interest in the title to Redevelopment Parcel No. 1A. Erasures, corrections or other changes in the
Redevelopment Proposal are prohibited.
3. PROPOSAL ATTACHMENTS: Each Redevelopment Proposal should be accompanied by:
(a)exhibits, drawings, renderings, and other material that indicates that the proposed redevelopment will
contribute to the fulfillment of the objectives of the Carmel City Center Master Plan and serve the interests of
The City of Carmel, Indiana, and its residents;and(b)any other pertinent information that the bidder may wish
to submit to further illustrate the proposed redevelopment set forth in the Redevelopment Proposal; provided
that any such exhibits, drawings, renderings, other material, and other information must be submitted as an
attachment to the Proposal Form.
4. BIDDER QUALIFICATIONS: Each bidder shall submit Attachment C, Statement of Bidder's
Qualifications,with its Redevelopment Proposal. If a Redevelopment Proposal is made subject to the bidder
being successful in obtaining adequate financing,then the bidder must presentevidence to CRC that there is
a reasonable assurance that the bidder will be able to obtain such financing.
5. ADDITIONAL MATTERS: Each bidder should specifically address the following items in its
Redevelopment Proposal:
(a) the experience of the bidder, and of the individuals who will be assigned to this project
(collectively, the "Bidder's Team"), with respect to the development and construction of Similar
Projects, including,without limitation, the record of the Bidder's Team with respect to the completion
of Similar Projects on schedule, within budget, and in compliance with plans, permits, and laws.
(b) identification of pertinent projects designed and constructed by the Bidder's Team.
(c) identification of the architect, the engineer, and the general contractor or construction
manager for this project, including: (i) adequate financial statements with respect to the general
contractor or construction manager; (ii)firm resumes with respect to the architect,the engineer,and
the general contractor or construction manager;and(iii)the name and position of a contact person for
each of the architect, the engineer, and the general contractor or construction manager.
(d) evidence of the ability of the Bidder's Team to obtain the necessary financial resources to
complete the redevelopment of Redevelopment Parcel No. 1A, including, without limitation, the
I:\2002\l\FULL SET OF OFFERING MATERIALS 032400.DOC 4 24Mar00
financial resources available to complete the Residential Buildings. This should include:(i)the names
and address of bidder's equity investors and construction lender; and (ii)full financial statements with
respect to bidder and its principals.
(e) evidence of 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
Residential Buildings. This evidence should include: (i)adequate financial statements with respect to
bidder's equity investors; (ii) public reporting statements of bidder's construction lender; and (iii)the
name and position of the persons who will serve as contact persons for bidder's equity investors and
construction lender.
(f) the cost, size, character, and quality of the improvements to be constructed by the bidder as
part of the redevelopment of Redevelopment Parcel No. 1A, including, without limitation, specific
information describing the density of the apartment units,the square footages of the units,the number
of bedrooms in the units, the monthly rental for the units,the parking spaces to be provided per unit,
and the amenities to be provided.
(g) a construction and development budget, a statement of sources and uses of funds, and a
construction and development schedule.
(h) the degree of compliance with the Development Guidelines and the other Conditions for
Redevelopment.
(I) the current ability of the bidder to complete the Residential Buildings on schedule, within
budget, and in compliance with plans, permits, and laws.
(j) the cost to CRC of satisfying its obligations with respect to the redevelopment of
Redevelopment Parcel No.1A, as described in each Redevelopment Proposal.
6. DEPOSIT: Each Redevelopment Proposal must be accompanied by a deposit: (a) in the form of a
cashier's check or a certified check, in either case payable to the order of CRC and drawn on a solvent bank;
and (b) in an amount equal to 5% of the purchase price for Redevelopment Parcel No. 1A set forth in the
Redevelopment Proposal ("the Deposit"). No Redevelopment Proposal will be considered unless it is
accompanied by the Deposit. The Deposit shall be given as security that the bidder, if notified that its
Redevelopment Proposal has been accepted, and within 20 days after such notification, shall execute a
binding Project Agreement with CRC,which Project Agreement shall: (a)commit the bidder to: (i) satisfy the
Conditions for Redevelopment, including,without limitation,implementing the Development Guidelines;and(ii)
fulfill the commitments made by the bidder in its Redevelopment Proposal;and(b)provide for the return of the
Deposit upon the closing of the sale and acquisition of Redevelopment Parcel No. 1A and the Exchange Real
Estate; provided that the Deposit shall be forfeited to CRC, as liquidated damages, if the successful bidder
fails to enter into the Project Agreement. Each Deposit made by an unsuccessful bidder shall be returned to
the person who signed the Redevelopment Proposal on behalf of such bidder promptly after the successful
bidder is selected. Notwithstanding the foregoing, no deposit will be required in connection with a
Redevelopment Proposal if the bidder will obtain Redevelopment Parcel No. 1A by exchange of real property.
7. RECEIPT BY CRC: Sealed Redevelopment Proposals will be received by CRC at the CRC Offices
until 5:00 p.m., local time, on March 24,2000(the"Receipt Deadline"). Each bidder shall submit one original,
and nine complete copies,of its Redevelopment Proposal. All exhibits,drawings,renderings,other material,
and other information submitted with the sealed Redevelopment Proposal shall be retained by, and shall
become the property of, CRC. Redevelopment Proposals may not be withdrawn after submission to CRC,
except as expressly provided in the Proposal Form.
8. EXPLANATIONS: If a bidder finds any discrepancy in, or omission from, or is in doubt as to the
meaning of any of the provisions set forth in,the Bid Package or any part thereof,then the bidder shall provide
written notice thereof to CRC, at the CRC Offices, at least seven days prior to the Receipt Deadline. CRC
shall respond to such written notices by way of a written addendum to the Bid Package, each of which such
I:\2002\I\FULL SET OF OFFERING MATERIALS 032400.DOC 5 24Mar00
addenda shall be: (a)on file in the CRC Offices;and(b)mailed to each bidder who obtains a Bid Package. All
such addenda shall become part of the Bid Package, and all bidders shall be bound by such addenda. No
oral interpretations or oral instructions will be made to any bidder as to the meaning of the Bid Package or any
part thereof, and CRC shall not be responsible for any such oral interpretations and/or instructions.
9. REJECTION OR ACCEPTANCE: CRC reserves the right to: (a) consider, or reject without
consideration, any Redevelopment Proposals that do not satisfy the requirements set forth in these
Instructions to Bidders(the"Proposal Requirements"); (b)reject any or all Redevelopment Proposals; and/or
(c)make award to the highest and best bidder,even if the Redevelopment Proposal submitted by the highest
and best bidder does not satisfy all of the Conditions for Redevelopment.
10. TRANSFER OF TITLE: Title and possession to Redevelopment Parcel No. 1A will be transferred to
the successful bidder in accordance with the provisions of the Project Agreement.
11. CRC ASSISTANCE: CRC shall complete the site work, and construct the infrastructure and site
improvements, described in Exhibit C to the Bid Package. Such site work, infrastructure, and site
improvements shall be completed 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.
12. HIGHEST AND BEST BIDDER: In determining the highest and best bidder, CRC shall take into
consideration the following: (a) the Exchange Real Estate, as proposed in each Redevelopment Proposal;
(b)the cost to CRC of satisfying its obligations with respect to the redevelopment of Redevelopment
Parcel No.1A,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 Redevelopment Parcel No. 1 A,
including, without limitation, the degree of compliance with the Development Guidelines and the other
Conditions for Redevelopment; (d)the schedule for completion of the Residential Buildings; (e)the general
business reputation of the bidder; (f) the experience of the bidder with respect to the development and
construction of 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 Residential Buildings 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 Residential Buildings; (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 Residential Buildings; (k)the proposed density of the apartment units,the
square footages of the units,the number of bedrooms in the units,the monthly rental for the units,the parking
spaces to be provided per unit, and the amenities to be provided; (I)the development and site plans for the
Residential Buildings and other improvements; (m)the compatibility of such plans with the Carmel City Center
Master Plan, the neighboring buildings, and the nearby neighborhoods; (n) satisfaction by the bidder of the
Proposal Requirements; (o) compliance of the bidder with the Conditions for Redevelopment, including,
without limitation,the Development Guidelines; (p)satisfaction by the bidder of any additional requirements of
the Bid Package;and (q) any other factors that CRC determines to be important in carrying out and serving:(i)
the Conditions for Redevelopment, including, without limitation, implementing the Development Guidelines;
(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.
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EXHIBIT B
PROPOSAL FOR REDEVELOPMENT
PROJECT NAME: Private Redevelopment of Redevelopment Parcel No. 1A in the Carmel City Center.
REQUIRED USE: The Required Use of Redevelopment Parcel No. 1A is for redevelopment as, and
construction of, the Residential Buildings.
EXCHANGE REAL ESTATE: Real Property Exchange
BIDDER'S DEPOSIT: None Required
BIDDER'S NAME: AMLI Residential Properties, L.P.
(Corporate Name or Authorized Representative)
BIDDER'S ADDRESS: 5875 Castle Creek Parkway N. Dr., Suite 310, Indianapolis, IN 46250
1:\2002\1\FULL SET OF OFFERING MATERIALS 032400.DOC 7 24Ma 00
The undersigned, the Senior Vice President of AML{ Residential Properties Trust, as sole general
partner of AMLI Residential Properties, L.P. (the"Bidder") having familiarized itself with the present conditions
on Redevelopment Parcel No. 1A,offers to convey to CRC fee simple title to that certain real estate described
and/or depicted on Attachment A(the"Development and Exchange Real Estate")in exchange for the transfer
by CRC of fee simple title to Redevelopment Parcel No. 1A; provided that if this offer is not accepted within 60
days after its receipt by CRC, then Bidder shall have the right to withdraw this offer.
In submitting this offer it is understood that CRC reserves the right to reject this offer.
If this offer is accepted,then,within 20 days after notification of such acceptance,Bidder shall execute
a binding Project Agreement with CRC, which Project Agreement shall commit Bidder to: (a) satisfy the
Conditions for Redevelopment, including,without limitation, implementing the Development Guidelines;and
(b)fulfill the commitments made by Bidder in this offer.
If this offer is accepted,then: (a)Bidder shall use Redevelopment Parcel No. 1A only for the Required
Use; and (b)title to Redevelopment Parcel No. 1A shall be held in the name of AMLI Residential Properties,
L.P. or an affiliated limited partnership venture with AMLI Residential as the general partner.
Notice of the acceptance or rejection of this offer shall be deemed to be given or delivered if delivery is
made in person or by: (a) electronic facsimile transmission to the number set forth below the signature of
Bidder,with electronic confirmation of receipt; or(c)certified mail, postage pre-paid, to the address set forth
below, with return receipt requested.
The undersigned certifies that it is authorized to execute and deliver this offer on behalf of Bidder.
Attached hereto and incorporated herein by reference are the following:
Attachment A- Legal Description of Redevelopment Parcel 1A and Exchange Real Estate
Attachment B - Project Description
Attachment C - Statement of Bidder's Qualifications
All capitalized terms used but not defined herein shall have the meanings ascribed to such terms in
the Notice of Sale of Real Estate for the Private Redevelopment of Redevelopment Parcel No. 1A in the
Carmel City Center.
I:\2002\I\FULL SET OF OFFERING MATERIALS 032400.DOC 8 24Mar00
IN WITNESS WHEREOF, the undersigned has executed this offer on behalf of Bidder as of this 24th
day of March , 2000.
BIDDER:
AMLI RESIDENTIAL PROPERTIES, L.P.
By: AMLI Residential Properties Trust, its sole
general partner .
Printed:James E.Thomas, Jr.
Title: Senior Vice President
Address: 5875 Castle Creek Parkway, Suite 310
Indianapolis, IN 46250
Telephone No.: (317) 577-5620 x103
Facsimile No.: (317) 577-5633
ACCEPTANCE
This offer is accepted this/ day o*/_._
, 2000.
THE CITY OF CARMEL REDEVELOPMENT
COMMISSION
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C:\WINDOWS\TEMP\FULL SET OF OFFERING MATERIALS _9_ 23Mar00
(USING V2 OF NOTICE).DOC
Attachment A
LEGAL DESCRIPTION
OF
REDEVELOPMENT PARCEL AND EXCHANGE PARCEL
Redevelopment Parcel: ±4 Acres*
Exchange Parcel: ±.886 Acres*
*Legal description and actual acreage to be provided by City of Carmel Redevelopment Commission
I:\2002\I\FULL SET OF OFFERING MATERIALS 032400.DOC 24Mar00
Attachment B
PROJECT DESCRIPTION
1. Attach a description of the proposed redevelopment, including:
(a) the cost, size, character, and quality of the improvements to be constructed as part of the
redevelopment: See Presentation Book submitted with proposal for development from
AMLI Residential Properties, L.P. dated July 13, 1999 for the private development of
Redevelopment Parcel No. 1 in the Carmel City Center("Presentation Book").
(b) the degree of compliance with the Development Guidelines and the other Conditions for
Redevelopment; The proposed AMLI at Carmel Center complies fully with the Development
Guidelines,as described in the Presentation Book.However,AMLI would propose a more
realistic construction schedule than twelve months,based upon our ten-year experience
in building similar communities in the Indianapolis area.
(c) a detailed site plan and typical building elevations: See Presentation Book.
2. Attach evidence of the ability of Bidder to:
(a)obtain the necessary financial resources to complete the redevelopment of Redevelopment Parcel
No. 1A, including,without limitation,the financial resources available to complete the Residential
Buildings: AMLI can self-finance the development costs as described in the Presentation
Book.
(b) complete the Residential Buildings on schedule, within budget, and in compliance with plans,
permits, and laws: See Presentation Book
This evidence should include:
(a) the names and address of Bidder's equity investors and construction lender: Not required, as
discussed in the Presentation Book.
(b)full financial statements with respect to Bidder and its principals: See Presentation Book.
3. Attach evidence of the financial resources of Bidder's equity investors and construction lender: Not
required due to AMLI's ability to self-fund the development, as discussed in the Presentation Book.
4. Attach a description of the number and location of Similar Projects in which Bidder currently is
engaged:
Location Number of Apt. Homes
Dallas/Ft. Worth, TX
AMLI at Bent Tree ll Dallas, TX 200
AMLI at Deerfield Plano, TX 240
Atlanta, GA
AMLI at Killian Creek Gwinnett County, GA 216
AMLI at Northwinds Fulton County, GA 800
AMLI at Park Bridge Alpharetta, GA 352
Chicago, IL
AMLI at Oakhurst North Aurora, IL 464
AMLI at St. Charles St. Charles, IL 400
I:\2002\l\FULL SET OF OFFERING MATERIALS 032400.DOC 1 24Mar00
Location Number of Apt. Homes
Austin, TX
AMLI at Monterey Oaks Austin, TX 430
Kansas City, MO
AMLI Creekside Overland Park, KS 224
AMLI at Wynnewood Farms Overland Park, KS 232
AMLI at Regents Crest Phase II Overland Park, KS 108
AMLI at Summit Ridge Lee's Summit, MO 432
Indianapolis, IN
AMLI at Castle Creek Indianapolis, IN 276
AMLI at Lake Clearwater Indianapolis, IN 216
AMLI on Spring Mill Indianapolis, IN 400
4,990
5. Attach information with respect to the experience of Bidder,and of the individuals who will be assigned
to this project (collectively, the "Bidder's Team"): See a full description of Bidder's Team in the
Presentation Book.
6. Identify the architect,the engineer,and the general contractor or construction manager for this project,
and include:
(a) adequate financial statements with respect to the general contractor or construction manager:
See Presentation Book.
(b) firm resumes with respect to the architect, the engineer, and the general contractor or
construction manager: See Presentation Book.
(c) the name and position of a contact person for each of the architect,the engineer,and the general
contractor or construction manager: See Presentation Book.
7. Attach a specific description of the obligations of CRC with respect to the redevelopment of
Redevelopment Parcel No. 1A.
i) CRC shall complete the site work described in Exhibit C of the Notice of Sale.
ii) CRC shall construct the infrastructure and site improvements described in Exhibit C
of the Notice of Sale.
iii) CRC shall cause to be constructed,by CRC or other developers, the off-site detention
area connecting to the detention area that serves Parcel 1 (i.e., the main reflecting
pool/detention pond).
8. Identify any changes that would be required to the outline of the Project Agreement before Bidder
would sign the Project Agreement.
i) The closing date would need to be extended if closing contingencies were not able to
be resolved prior to September 30, 2000. In particular, the ability to secure local
building permits is unlikely by September 30, 2000 given the time required for items
such as Indiana State Plan Release review of construction plans, and the need for
State Plan Release prior to local building permits. AMLI would be willing to close by
September 30, 2000, without these contingencies, if certain assurances regarding
availability of permits and other similar matters could be reached between the City and
AMLI, and due diligence items listed in the Notice for Sale are cleared successfully
within the time period.
ii) AMLI would not require a financing contingency.
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•
iii) AMLI would submit plans for exterior approvals and detailed site plans to CRC within
the 90-day time period, but such drawings would not be a full set of construction
working drawings, including structural and mechanical details. AMLI would not
commit to completion by November 30, 2000, as discussed in the enclosed
Presentation Book under the "Schedule"section. Commencement of full construction
by AMLI is, in part, dependent upon completion by CRC of wetland mitigation
requiring coordination with agencies outside the City's control. In addition,
commercially reasonable construction standards for a detailed 300+ unit luxury
apartment community in Indianapolis would suggest a construction schedule of
twenty to twenty-two months, based upon our ten-year experience in Indianapolis.
Initial occupancy by residents would likely occur ten to twelve months from
commencement and would continue through completion.
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Attachment C
STATEMENT OF BIDDER'S QUALIFICATIONS
1. Name of Bidder:AMLI Residential Properties, L.P.
2. Permanent address of Bidder: 125 S. Wacker Drive, Suite 3100, Chicago, IL 60606
3. If the Bidder is not an individual doing business under his or her own name, then the Bidder has the status
indicated below and is organized or is operating under the laws of Delaware
A corporation
A non-profit or charitable institution or corporation
XX A partnership or limited liability company
A business association or a joint venture
A trust
A Federal, State, or local government or instrumentality thereof
Other(explain)
4. Is the Bidder a subsidiary of,or affiliated with, any other corporation or any other firm or firms?
Yes XX No See attached SEC Filing 10K and proxy statement.
If yes:(a),attach a list of the name and address of each such corporation or firm by name and address; (b)specify the
relationship of each such corporation or firm with the Bidder; and (c) identify the officers and directors or trustees
common to the Bidder and such other corporation or firm.
5. If the Bidder is not an individual or a Federal, State, or local government instrumentality thereof, state the
Bidder's date and place of organization: Delaware 11/93
6. Attach a statement of the names,addresses,titles or positions(if any),and nature and extent of the interest of
the following: See attached SEC filing 10K and proxy-statement
(a) If the Bidder is a corporation,the officers, directors, or trustees, and each stockholder owning more
than 10%of any class of stock;
(b) If the Bidder is a non-profit or charitable institution or corporation, the members who constitute the
board of trustees,the board of directors,or a similar governing body;
(c) If the Bidder is a partnership or limited liability company, each partner, member, or manager, and
either the percent of interest or a description of the character and extent of interest of each partner or member;
See Proxy Statement
(d) If the Bidder is a business association or a joint venture, each participant and either the percent of
interest or a description of the character and extent of interest of each participant;
(e) If the Bidder is a trust,each beneficiary and each settlor empowered to revoke or modify the trust;and
(f) If the Bidder is some other entity, the officers, members of the governing body, and each person
having an interest of more than 10%.
L\2002\l\FULL SET OF OFFERING MATERIALS 032400.DOC 24Mar00