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Agenda - Economic Development Authority - 04/13/2017
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Agenda - Economic Development Authority - 04/13/2017
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Meetings
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Economic Development Authority
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04/13/2017
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List of Questions for Master Developer/ Real Estate Broker <br /> INTRODUCTION <br /> The purpose of informational interviews is to allow for a free-flowing conversation to take place RE The COR,between you and <br /> the EDA. The EDA wants to get a better general understanding of what options exist to market/sell The COR(and provide <br /> master developer services),and to gather your thoughts on The COR. They want to have these conversations to get better <br /> educated/become more informed. They prefer this method,rather than simply doing a standard blanket RFP process(with <br /> expectations not clearly defined by the City). The outcome of these interviews will be a basis in which the EDA can create a <br /> "scope"for how they want to market/sell The COR(i.e.define their expectations). <br /> We will have 3-4 informational interviews. We expect each informational interview to last 30-40 minutes. <br /> 1. Background (ideally something we can attached to staff report ahead of time) <br /> a. Contact Person, Company (area of expertise,service offerings,strengths) <br /> 2. Example Projects (could be one project that covers all) <br /> a. Projects that included multiple sites/ large sites/ master planning <br /> b. Projects that included consulting a land owner and/or city <br /> 3. The COR (from a development perspective) <br /> a. What is your general perception of The COR (as a development project). What are Ramsey's <br /> Strengths and weaknesses? <br /> 4. Marketing/ Sale/ Master Developer Services Strategies <br /> a. What strategies do you RECOMMEND for Ramsey? <br /> (i.e. broker listing agreement, financing partnerships, option-to-buy agreements with <br /> master developers, professional service agreements for master developer services, <br /> upfront land sale to master developer, partnership agreements with master developers, <br /> marketing campaigns, websites, construct speculative buildings, etc.) <br /> b. Are those options your company can help with? If yes, from a high level, what might <br /> those options look like (i.e. basic deal parameters). <br /> 5. Three specific questions <br /> a. About 150 acres of available retail land is located within/adjacent to The COR today. Is <br /> it realistic for Ramsey to absorb that much retail land? For example, by comparison, <br /> Riverdale is just shy of 200 acres. <br /> b. Ramsey currently owns about 85 acres of greenfield land located within The COR <br /> (multiple zoning districts). Is it realistic for the City to create a single RFP for all of the <br /> City's land holdings in The COR at this time—would developers be interested in <br /> purchasing all land upfront? <br /> c. What can the City do to better entice developers/investors in wanting to come to The <br /> COR? (specifically for retail and restaurants) Are there any specific strategies we should <br /> consider? <br /> Page 7 of 7 <br />
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