Agenda - Council - 04/25/2006 - Laserfiche WebLink

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3.2.1 Parking Availability and Operations and Maintenance Costs The City will make parking available to the Developer to meet city requirements for parking (3000 seats = 750 stalls) within the Parking District established in and around the Project area. The Developer/Operator will be required to pay Operations and Maintenance for the use of these stalls. Structures stalls provided to the cinema will be "Shared Use" stalls whereby which the cinema does not have exclusive rights to the stalls but merely shares them with another opposite-peak user (park and ride or city hall employee use). Cost ofO & M fee's to be paid by the cinema will levied at a 50%/50% basis with the other use. As a means to calculate a rough basis of this cost, any stall provided in the parking structure for the cinema will be charged at the rate of $125 per stall per year and the park and ride use will be allocated $125/year/stall.(this was confusing to me - do you have to break out park and ride stall?) Any surface stall used by the cinema as an exclusive stall, will be charged the rote of$110/year for year one. Each of these will have normal yearly escalators as costs increase over time. . .- As an example: Assuming 500 stalls are shared in the parking structure, this would result in a year one cost of $125/year per stall or $62,600. If the additional stalls are provided in a surface parking lot, the yearly costs for those stalls would be $27,500 (250 stalls x $110/year) for a total parking O & M for year one of $90,000. The Developer must include these yeariy parking Operations and Maintenance costs, along with other Common Area Maintenance collected by the Master Developer as part of their Financial Feasibility. 4. Proposal Information 4.1 Development Team Identification and Experience · Provide the name. address, and telephone numbers of the development team. Include resumes and a description of background experience of each principal and of each person having major responsibilities for project development. Identify the type of legal entity with whom the Agency would contract (e.g., individual, corporation, partnership, joint venture, other). If the legal entity with which the Agency would contract is different than the parent corporation, please indicate the relationship and degree of control and whether the parent corporation will guarantee performance or provide some other such guaranty. Identify and describe any relationship the development team may have with subsidiaries, joint ventures partners or others who are significant to the project development. Provide documentation demonstrating that the development team is qualified to undertake the proposed project, including: Experience with the product type proposed by respondent; Experience with developments in other urban areas; Ramsey Town Center Cinema - Request for Proposals 4 ofli -347-