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2007/03/07 Council Agenda Packet
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2007/03/07 Council Agenda Packet
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Council Agenda Packet
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3/7/2007
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J <br /> i. Number of housing units and/or hotel rooms; if a hotel is to be a component of the <br /> development, a minimum of 75 hotel rooms will be required. <br /> j. Leasable square footage devoted to retail and/or restaurant space. <br /> k. An estimate of the number of private and public parking stalls/spaces to be <br /> included in the intended development; an estimate of the number of stalls that are <br /> anticipated to be available for public short-term parking, during evenings and weekends; <br /> and an estimate of the anticipated number of parking spaces, if any, that may be available <br /> for the City to purchase or lease in the future. (Note: This is a request for information <br /> only; a commitment to provide parking dedicated to City use or public use is not required <br /> and is not a criterion that the City will use to evaluate proposals. <br /> 1. Building height: minimum eight stories above Colby Avenue elevation. <br /> m. Building materials to be used. <br /> n. Open space to be provided, including a description of how it would be <br /> incorporated in the project. <br /> o. Any infrastructure, public or private, necessary for the development of the <br /> Property and an estimate of the costs of such infrastructure. <br /> p. Statement of commitment to meet all City, state and federal requirements for the <br /> permitting (e.g. zoning and land use approvals) and the environmental review (State <br /> Environmental Policy Act) that would apply to the development project. <br /> 2. Purchase price for Property. <br /> 3. Financial information that would allow the City to understand the developer's <br /> financial ability to develop the proposed project concept. The types of information that <br /> may be useful in the City's evaluation and that the developer may choose to submit <br /> include: <br /> a. A list of previous and current construction lenders. (Note: The City will not <br /> contact these lenders without first obtaining your permission); <br /> b. A description of the source of equity for past projects (internal cash, outside <br /> investors, landowners, etc.); <br /> c. A description of the methods for paying off the construction lender (pre-sales, <br /> permanent lenders, sale of stabilized property); <br /> d. The most recent available credit report and audited financial statements for the <br /> past four years, for each principal, partner, and joint venture participant; <br /> Everett Downtown Mixed-Use Development(Allen Buick/Culmback Property)-RFP Page 10 <br />
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