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Bid Title: Request for Expression of Interest for the Disposition & Development of the Meadow Acres Property
Category: Development
Status: Open

Description:
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
Publication Date/Time:
12/11/2019 12:00 AM
Closing Date/Time:
Open Until Contracted
Submittal Information:
Karen Rimmer, City Clerk
Bid Opening Information:
Beginning review January 3rd
Contact Person:
Clara Chaffin
Community Development Director
(307) 358-2132
Miscellaneous:
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.

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