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  5. ›Deed Restricted - Senior Services Community Benefit…

City of Colorado Springs·Colorado

Deed Restricted - Senior Services Community Benefit Property Transfer: Golf Acres South Lot

Closes 7/24/2026$500k – $2MRequest for Proposal
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Description

The City of Colorado Springs seeks a qualified offeror to purchase a lot (Golf Acres South Lot) for a minimum of $320,000 and develop it into a senior‑service community‑benefit facility. The awardee must handle acquisition, design, construction, financing, operation, and ongoing maintenance, while adhering to deed‑restriction requirements that the property serve senior‑focused housing, health, or related services. An annual report to the city’s Advisory Board is required, and failure to meet the senior‑service purpose triggers reversion to the City. • Minimum purchase price: $320,000 (offers may be higher). • Deadline for proposals: July 24 2026 – 4:00 PM (electronic submission via BidNet). • Required deliverables include an operational plan, financial statements, and compliance with deed‑restriction covenants. • Evaluation focuses on operational plan (35 pts), financial stability (30 pts), qualifications/experience (20 pts), organizational background (10 pts), and presentation (5 pts).

Attached files

Contact

Alyssa Lee(Contracting Specialist)

[email protected]

Key dates

Opened
7/10/2026
Questions due
7/16/2026
Pre-bid meeting
7/14/2026
Closes
7/24/2026

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531190
Solicitation №
R26-064AL

Budget estimate

$500,000 – $2,000,000

No direct payment amount is specified; the awardee must fund the purchase (minimum $320,000) and subsequent development/operation costs. Revenue would likely stem from senior‑focused housing rentals or service fees. Assuming a modest 10‑15 % annual return on a $1‑2 million development, annual earnings could range from roughly $100,000 to $300,000, with total project‑life earnings (including construction and lease‑up) potentially between $500,000 and $2,000,000.

AI estimate from the solicitation

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