Description
The City of Chandler is requesting proposals from qualified offerors to purchase and develop approximately 2 acres of city-owned property at the northeast corner of Alma School Road and Ray Road. The city's vision for this property is a for-sale housing project that provides homeownership opportunities for first-time buyers and middle-income earners. The proposal should include a detailed site plan, a timeline for the proposed development project, and a detailed pro forma. The city will evaluate the proposals based on qualifications and experience, method of approach, and price proposal.
• The proposal should include a brief history of the company, evidence of experience with similar developments, and a letter signed by an authorized official acknowledging understanding and acceptance of the city's key deal points.
• The proposal should describe the proposed development of the site, including the layout of the proposed project, unit count, unit square footage, and lot sizes.
• The proposal should include a detailed timeline for the proposed development project, including anticipated dates for submitting and receiving zoning approvals and entitlements, dates for commencing construction, and expected completion.
• The proposal should include a detailed pro forma that includes anticipated project costs, product type, sales proceeds, profit margin requirement, and residual land value.