webster city rfp for downtown office development

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Request for Proposal (RFP) Downtown Office/Retail Project City of Webster City 400 Second Street – PO Box 217 Webster City, IA 50595 JUNE 2011

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This is a request for proposal (RFP) published June 24, 2011 seeking proposals from qualified developers interested in constructing new office space in downtown Webster City, Iowa, as well as owning/managing the property and securing additional tenants.

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Page 1: Webster City RFP for Downtown Office Development

Request for Proposal (RFP) Downtown Office/Retail Project

City of Webster City 400 Second Street – PO Box 217

Webster City, IA 50595

JUNE 2011

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TABLE OF CONTENTS PAGE INTRODUCTION

ABOUT WEBSTER CITY, IA

CITY GOVERNMENT

ECONOMIC CHANGES

ECONOMIC DEVELOPMENT

RECENT SUCCESSES

PLANNING & PERMITTING

REQUEST FOR PROPOSAL (RFP) BACKGROUND

REQUEST FOR PROPOSAL

CITY INVOLVEMENT

CREATIVITY ENCOURAGED

ALTERNATIVE FINANCING

MINIMUM BUSINESS TERMS

PROPERTY INFORMATION

PROPERTY DESCRIPTION

UTILITIES

ZONING

PROPOSAL PROCESS & REQUIREMENTS

REQUIRED INFORMATION

EVALUATION & SELECTION CRITERIA

SELECTION PROCESS

TIMELINE

SUBMITTAL INFORMATION

TERMS & CONDITIONS

INDEMNIFICATION

FEDERAL SUSPENSION & DEBARMENT CERTIFICATION

MINIMUM SUBMISSION REQUIREMENTS

DOCUMENTS AVAILABLE FOR REVIEW

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OUR COMMUNITY

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INTRODUCTION ABOUT WEBSTER CITY, IOWA Located in North Central Iowa, Webster City sits on four lane Highway 20 roughly ten minutes from Interstate 35 and has a population of 8,070, which is roughly half the total population for Hamilton County. Webster City’s closest big city neighbors include Fort Dodge (population 25,075) twenty five miles to the west and Ames (56,814) forty six miles south. A virtual familiarization tour of our location and assets can be found at: www.buildwebstercity.com/virtualfamiliarizationtour Webster City has deep agricultural, industrial and entrepreneurial roots and is home to a number of very success companies. Some of Webster City’s leading employers include:

Van Diest Supply Company – 667 employees

Mary Ann’s Specialty Foods – 175 employees

Webster City Custom Meats – 137 employees

Tasler Inc – 118 employees

Vantec Inc – 90 employees

Electrolux Fabric Care Tech Center – 80 employees

Seneca Foundry – 50 employees

Daily Freeman Journal – 47 employees

Electrolux Central Vacuum Sales – 25 employees

Cropland Containers – 25 employees More information about Webster City, including data and demographics, can be found online at www.buildwebstercity.com/Downtown-Development-Project.aspx.

CITY GOVERNMENT Since 1912, Webster City has been a council-manager form of government with a full time City Manager hired by the Council. Its City Council is comprised of five elected members that serve staggered four year terms. Webster City is a progressive community that strongly supports economic development. And, unlike many local, state and federal governments, Webster City has been fiscally responsible. The City has earned and maintained a AA- bond rating. This fiscal responsibility has allowed the city to enjoy:

A fund balance that is equal to over a half year of expenses

Use of less than one third of the City’s debt limit

Three consecutive years with no increase in the City’s mil levy for property taxes

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Webster City owns and operates the municipal water, sewer and electric utilities. The City has ample utility capacity to support growth. This includes more than 2.5 million gallons a day (mgd) of water, 1.5 million mgd of sewer, and 16 MW of cumulative electric capacity among three existing substations. The City has purchased property, designed, and set aside the funding for a fourth 20 MW substation to support future industrial growth in the southern portion of the city. Additionally, the City has a 20 MW backup generator.

ECONOMIC CHANGES Like many communities across the globe, Webster City has experienced the impacts of the downturn in the global economy. The most significant impact was the announced closure of Electrolux of North America’s Fabric Care plant in October 2009 and the dislocation of more than 1,000 skilled workers by the end of March 2011. Electrolux’s departure is part of a wholesale shift in their international business model and was one of many location moves they’ve made in the last twenty four months. Despite the Electrolux closure, Webster City has maintained strong business growth across all sectors, seeing gains in employment at Van Diest Supply Company, Mary Ann’s Specialty Foods, Vantec and more. Additionally, Webster City is benefiting from a number of start-ups in all sectors from manufacturing to retail.

ECONOMIC DEVELOPMENT

As a result of Electrolux’s announcement in 2009 that it was moving its Webster City Fabric Care plant to Juarez, Mexico, the City of Webster City refocused on economic development as the top priority and set aside $1.7 million in economic development funds to be used to encourage economic investment and job creation. Additionally, the City contracted an economic development consultant with private sector development experience to (a) create an economic development strategy and (b) implement measures to attract new investment and job creation. Within three months the City had completed a Comprehensive Economic Development Assessment; a comprehensive review of city codes, policies and operations; a draft marketing plan; and a targeted industry analysis. This was followed shortly thereafter by a final marketing plan, adoption of new codes and policies concerning economic development, and the contracting of a full time economic developer to manage implementation.

RECENT SUCCESSES

Webster City is a vibrant community with tremendous potential for growth. And, in the past eighteen months we had a number of economic development successes:

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The City acquired Electrolux’s central vacuum plant (109,000 sf) and struck a deal to retain two of Electrolux’s business units (central vacuum sales and fabric care tech center) accounting for more than 100 jobs.

The City provided direct financial assistance in the form of a short term bridge loan to help start a new company, Drive Tek Iowa, which is assembling all-electric vehicles.

Town and Country Insurance, whose headquarters is in Webster City, completed a multi-million dollar expansion at the east end of our downtown corridor.

Murrary McMurray Hatchery completed construction of a new building to support its expanding business.

First State Bank recently broke ground on a $700,000 expansion to its Webster City headquarters.

Caseys General Stores has acquired land from private owners and right of way from the City to construct a planned new store at the corner of Second and Superior – the entrance to downtown.

Fareway Stores has announced a 4,000 sf expansion and full remodel of its store.

The City completed the sale of its 20,000 sf speculative industrial building in our SE Industrial Park.

These investments by private companies have been bolstered by more than $50 million in public investments in infrastructure in the past eighteen months, including:

A new $35 million dollar critical access hospital, the Van Diest Medical Center, was completed in the fall of 2010.

Construction is underway on a $13.1 million dollar competition gym at our high school.

Construction has started on a $500,000 bus barn for MIDAS – the local public transportation authority.

The City has initiated more and completed than $3 million in road improvement projects, including a $1 million dollar project to improve the intersection of Superior and Fairmeadow.

The City is underway with the design and construction of a new $2.5 million dollar well.

A map depicting the location of these projects is included on the website we’ve set up for this RFP.

PLANNING AND PERMITTING

Webster City understands that time is money. We have an experienced Planning and Zoning department that is routinely able to issue construction and building permits in a matter of days. Moreover, the city maintains simple processes and those planning

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decisions requiring approval by the Planning and Zoning Commission and/or City Council can generally be completed in six to ten weeks.

REQUEST FOR PROPOSAL (RFP) BACKGROUND The City has been contacted by a number of prospective projects that are interested in locating in Webster City, but have yet to do so because of a lack of adequate office space. This includes a prospective company the City is working to finalize a deal with that will require construction of approximately 11,000 square feet of office space for a single tenant. This deal would ideally yield a lease rate per square foot per year of no greater than $12, which would cover the base lease price, building maintenance and snow removal. Tenant would be responsible for utilities. The City believes it will have a letter of intent from the prospect within the next few weeks that will include a minimum five year lease term. Additionally, the City believes there are other potential users and we are currently speaking with those interested parties to determine interest and assemble additional commitments. In order to meet the needs of the initial tenant, this project would need to commence this construction season and be completed and ready for occupancy in the summer of 2012.

REQUEST FOR PROPOSAL Webster City owns a 0.7636 acre parcel in downtown Webster City that is zoned C3 Highway Business. The City has identified this property as a location for the development of one or more office/retail buildings The City seeks proposals from developers, investors or development teams that are:

A. Qualified to develop an office/retail project that will include at least 11,000 square feet of office space to be constructed immediately for the expected tenant, as well as an additional amount of office and retail space for lease or rent that would be built now or as a second phase

B. Qualified and interested in owning the building and managing the property, including all leases, maintenance, and insurance

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C. Willing to assist in soliciting additional tenants to expand the size and scope of the project

The City’s intent is to select a qualified company with the experience and entrepreneurial initiative to complete a high-quality project in the time frame required by this proposal. The goal of the project is to achieve new development in downtown Webster City that will satisfy an existing space need and attract new opportunities for the City. The City reserves the right to select up to three firms that would be invited to interview with the City for further consideration before a final selection is made.

CITY INVOLVEMENT To facilitate development of this project, Webster City is prepared to stay involved in the project and commit, at a minimum, the following resources:

Free land

Installation of site utilities

Tax Increment Financing (TIF) of up to 100% for up to 14 years

Waived utility hook-up fees

Waived building permit fees Webster City may also consider further contributions to the project as may be needed to achieve the City’s goals and meet the tenant’s needs. The City may be willing to:

Contribute upfront capital,

Backstop the developer’s investment by covering a portion of lease costs of vacant space for a fixed period of time, or

Make sure other reasonable alternative contribution to achieve the project’s success

Proposals must indicate what, if any, additional contributions would be required of the City. The City will evaluate proposals based on how little assistance will be needed from the City to complete the project.

CREATIVITY ENCOURAGED The City encourages creativity in development concepts, including in the design. However, the City desires to have the project reflect elements of the City’s existing architecture. The development could be constructed as multiple single story buildings or as multi-story buildings, but a single space must be able to accommodate at least 11,000 square feet.

ALTERNATIVE FINANCING

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The City is aware of alternative financing programs that the developer may be able to use for this project. The City can assist a developer in applying for these programs, which could be used to finance all or a portion of the project. These range from federally tax exempt bonds to low interest loans to loan guarantees. The proposal should indicate what, if any, alternative financing is desired by the developer. Potential sources of alternative financing may include: Corn Belt Power Fund This program is available through the Corn Belt Power Cooperative and offers loans for construction. The maximum loan available is $150,000. Interest rates depend on prime, but have been as low as 4%. Terms can range from 3-10 years. Midwest Area Disaster Bonds These bonds can be administered through Webster City or the Iowa Finance Authority. They are Federal Tax Exempt Revenue Bonds that can go towards the creation or expansion of any business in Iowa for manufacturing, retail or shopping centers, office buildings, restaurants and more. The deadline for issuance is January 1, 2013. There is a $200 million dollar limit per project. USDA Business and Industry Loan Guarantee Program The USDA will guarantee loans by eligible lenders to businesses that benefit rural areas less than 50,000 in population. The inability to obtain other credit is not an eligibility requirement. The loan guarantees can be used for loans that include construction, development, and acquisition. Additional information on alternative financing and incentives can be found at: www.buildwebstercity.com/Downtown-Development-Project.aspx. For questions, please contact David Toyer, Economic Developer for Webster City Economic Development, at 515-832-9151 or [email protected]

MINIMUM BUSINESS TERMS The following are minimum business terms that the successful firm must accept:

1. The developer shall build, at a minimum, 11,000 square feet of office space. The City desires that additional office and/or retail space be built or planned for the site.

2. For the initial 11,000 square feet, the developer shall build space per the specifications attached hereto as Exhibit A and shall make said space available at a lease rate not to exceed $12 per square foot per year, which shall include the base lease, as well as maintenance and snow removal costs. Utilities will be paid for by the tenants. The City will look favorably on proposals that can achieve a lease rate below $12 per square foot per year.

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3. The developer shall commit to completing the first 11,000 square feet of office space by September 2012.

4. The developer shall commit to completing the entire project. 5. The developer shall obtain and carry adequate insurance during all phases of the

project. 6. The developer will obtain adequate financing to assure completion of the project. 7. The developer will commit to a schedule for the completion of the project,

including any phases, as mutually agreed upon by the developer and the City and in consideration of the needs of the tenants.

8. The developer will meet all city, state and federal requirements for the permitting and, if any, environmental review.

9. The City shall not be responsible for any real estate commissions or brokerage fees in connection with the sale, lease or development of the property.

10. The developer will commit to performance guarantees and damages for failure to perform on the schedule and in the manner to which agreed.

11. The developer will indemnify the City for any damages resulting from activities or omissions by the developer.

INTRODUCTION

PROPERTY DESCRIPTION This project would take place on four City owned lots that make up a 0.7636 acre parcel zoned C3 Highway Business. Additional property for this project or future additions to this project may be available through the vacation of right of way reserved for Third Street and/or acquisition of additional parcels to the north. This city can provide the developer with information on the adjacent vacant parcel to the north if the developer is interested in evaluating that additional property for the project. Parking within the City’s right of way along Third Street between Prospect St and Des Moines Street is provided by the City. These +50 spaces are for general public use and would be of benefit to office and retail uses constructed at the project site.

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Legal Description DUB & PAC RR ADD LTS 8-11 BLK 10 Parcel Number 495041101100000 Address 605 Prospect Street. Coordinates 93°49’27.401”W 42°28’12.675”N Size & Dimensions The parcel is 0.7636 acres. The dimensions are 126’ x 264’. Assessed Value The current assessed value is $38,240. The current estimated annual property taxes are $1,476.12. Property taxes on the developed parcel will be the responsibility of the developer/owner. Access

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The site would have its primary access off Prospect Street, but would be required to have at least one access that connects the project to HyVee’s parking lot to ensure adequate vehicular and pedestrian movement. Adjacent uses

North Right of way for a future extension of Third Street, followed by vacant lots comprising approximately 0.7 acres that the owner has expressed may be for sale and which could be purchased separately by the developer to expand the size of this project. However, the City at this time has no interest in purchasing this property.

East Prospect Street South Godfather’s Pizza and a small used car lot

West HyVee Store

UTILITIES Utilities for the project are available to the north of the parcel in the right of way. The City is willing to install the site utilities at no cost to the developer.

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ZONING The site is currently zoned C3 Highway Business. A copy of the City’s zoning regulations, as well as other pertinent information on this project can be downloaded at www.buildwebstercity.com/Downtown-Development-Project.aspx.

PROPOSAL REQUIREMENTS

REQUIRED INFORMATION Proposers shall submit the following required information: Company/Team Information Please provide a general overview of your company and preliminary development team. At a minimum, you must provide the following information:

Name and title of the company’s representative

Name of the company

Address, telephone numbers (work and cell), fax number and email addresses

Resumes of the company’s executive team and the management responsible for the project.

Information on contractors or subcontractors the company expects it may use for this project.

Relevant Project Experience Please provide specific examples of projects that demonstrate your development capabilities and describe the ultimate outcome of each project. In additional to the general descriptions, please answer the following questions:

Were any of the company’s previous projects public/private partnerships and, if so, what were the terms of those arrangements and the contributions made by the public entities?

How was each project financed?

What is the current status of each project? Do you still retain ownership and management? If not, why?

Financial Information Provide a level of financial information that will allow the City to understand your financial ability to acheive your development concept on the property in the time frame needed. This information should include:

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A list of previous and current construction lenders. The City will not contact these without first obtaining your permission.

A description of the source of equity for past projects (internal cash, outside investors, landowners, etc).

A description of the methods for paying off the construction lender (presales, permanent lenders, etc).

The most recent available credit report and financial statements (audited preferred) for the past four years, for each principal, partner and joint venture participant (if applicable).

Composition of the current real estate portfolio and list for each project, its name, type, location, date completed, rentable area or number of units, occupancy rate, current value, debt, and your ownership interest.

A description of any litigation or other legal disputes that each principal, partner, and joint venture participant (if any) has been involved in during the past five years and the final outcomes of such dispute(s).

Development Concepts

Provide copies of sketches, drawings and/or site plans that demonstrate the project meets the requirements of this RFP.

Describe the total project scope and scale, including the total square footage, number of phases, uses and features of the project.

Describe the strengths you perceive in the property and project.

Describe the challenges you see to developing the property and project.

Describe the role you see the city playing in the development process.

Provide a timeline for project commencement and completion for all phases.

Describe the elements of a preferred transaction structure for the property, letters of intent held by the city, city contributions, etc.

EVALUATION & SELECTION CRITERIA The City is seeking responses from only those developers with a demonstrated development and property management record and the existing capabilities to develop the entire project. It will be expected that the selected company can perform the pre-development, land development and vertical development of the property. The City is seeking developers who can independently finance and construct the entire project with the least amount of assistance from the City.

SELECTION PROCESS The City will convene a selection committee to review the responses and recommend the most Qualified Respondents to the City Council. RFPs will be reviewed to determine the ability of the Respondent to meet the City’s objectives for development of the property as demonstrated in the developer’s response. Selection consideration will

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consider, but not be limited to, the following elements (the weighting shown is illustrative only, and the City reserves the right to depart from the relative weighting shown here in order to select the most qualified and desirable developer): Demonstrated Overall Developer Experience 20% Demonstrated Experience with Similar Projects 20% Financial Ability 20% Development Concept 20% Developer Long-term Commitment to Project 10% Potential to Develop a Positive Working Relationship with City 10% 100% If a City is unable to negotiate an agreement with the highest ranked developer, the City will attempt to negotiate with the other two highest ranked developers. If unsuccessful with the top three developers, the City may choose to negotiate with any other developer who participated in the process or may choose to reopen the RFP.

TIMELINE The proposed process will follow the timeline below: City Publishes the RFP June 24, 2011 Deadline for Submission of Response July 18, 2011 Selection of Short List July 20, 2011 Interviews of Developers (TBD) July 25, 2011 Selection of Preferred Developer August 2011 Upon the City Council’s formal selection, the Preferred Developer shall pay the City a Ten Thousand Dollar ($10,000) non-refundable deposit. The City and the Developer shall thereafter enter into an exclusive negotiated agreement.

SUBMITTAL INFORMATION Proposals must be submitted in writing (by mail or in person) not later than 5:00 PM Central Daylight Time (CDT) on July 18, 2011. Proposals must be clearly marked “Downtown Development Project” and shall be addressed to:

Ed Sadler, City Manager City of Webster City

PO Box 217 / 400 Second Street Webster City, IA 50595

Please direct all questions to David Toyer, Economic Developer, at 515-832-9151 or [email protected].

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TERMS AND CONDITIONS The following terms and conditions shall apply to this process:

Respondents shall be responsible for the accuracy of the information they provide the City.

The City reserves the right to reject any and all submittals, to waive minor irregularities in any proposal, to issue additional RFPs, and to either substantially modify or terminate the Project at any time prior to the final execution of a contract.

Nothing herein shall require the City to enter into exclusive negotiations and the City reserves the right to amend, alter, and revise its own criteria in the selection of a developer for the property without notice.

The City reserves the right to request clarification of information submitted, and to request additional information from any Respondent.

The City shall not be responsible for any costs incurred by the Respondent(s) in preparing, submitting, or presenting its response to the RFP or other information required to be submitted by the City.

The City may select, at its sole discretion, proposals it deems most feasible and beneficial to the City.

City may negotiate contracts with Respondents that differ from the terms contained in this RFP.

The City reserves the right, at its sole option, to waive minor administrative irregularities contained in any Respondent’s proposal.

The City reserves the right to amend or revise the RFP. In the event that it becomes necessary to revise any part of the RFP, an addenda will be provided in the same manner as publication of the RFP.

The City will not be liable for any errors in the Respondent’s proposal. Respondents will not be allowed to alter their proposals after the deadline for submission unless the alterations are the result of a request by the City.

The City reserves the right to make corrections or amendments to the response due to errors identified by the City or Respondent. This type of amendment will only be allowed for such errors as typing, transposition, omission, or any other obvious error.

The City must receive the Respondent’s proposal in its entirety at the address, date and time specified herein. Proposals arriving after said deadline will be returned to the Respondent. Respondent assume the risk for delivery and City assumes no responsibility for delays in the mail.

Postmarking by the deadline is not a substitute for submittal.

All proposals become the property of the City. The City will maintain the confidentiality of proposals as prescribed by law. Proprietary information (financials, private business information) must be marked as such to prevent disclosure under law.

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A Respondent may withdraw or amend a proposal prior to the submission deadline. To do so, a written request must be signed by an authorized representative of the Respondent and submitted to the City.

Any oral representations, commitments and warranties offers by the Respondent during the RFP process will not be considered unless formally reduced to writing. Any and all oral representations, commitments and warranties, if reduced to writing by the Respondent, will be binding and may be considered by the City during the evaluation process.

Selection of a Respondent does not imply endorsement by the City nor suggest that Respondent’s proposal is the best or only solution, and respondent agrees not to make reference to the City in any marketing or promotional materials without express written consent of the City.

The successful Respondent will be expected to contractually agree to no individual shall be excluded from participation in, denied the benefits of, subjected to discrimination under, or denied employment in the administration of or in connection with any program provided by the contract between the City and the respondent because of race, color, creed, marital status, religion, sex, sexual orientation, national origin, Vietnam Era or disable veterans status, age, or the presence of any disability. The prohibition against discrimination in employment shall not apply if the particular disability prevents the individuals from performing the essential functions of his/her position, with or without reasonable accommodations.

The successful respondent will be required to have insurance including some or all of the following and any other provisions as deemed necessary by the City:

o No limitation. Respondent’s maintenance of insurance as required by a contract with the City shall not be construed to limit the liability of the Respondent to the coverage provided by such insurance, or otherwise limit the City’s recourse to any remedy available at law or in equity.

o Respondent shall obtain and show proof of automobile liability insurance covering any auto with a minimum combined single limit for bodily injury and property damage of $1,000,000.00 per accident.

o Respondent shall obtain and show proof of general liability insurance with limits no less than $1,000,000 for each occurrence, $1,000,000 aggregate.

o Respondent shall maintain builder’s risk, construction or other such applicable insurance in an amount sufficient to cover the liabilities of the project.

o Any subcontractor, sub-consultant or other party working on behalf of the Respondent shall be named as an additional insured with respect to the project.

o Respondent’s insurance shall be the primary insurance coverage with respect to the City.

o Consultant shall assume full responsibility for all loss or damage from any cause whatsoever to any tools, machinery, equipment, computers,

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hardware, software, motor vehicles owned or rented by Respondent, or the Respondent’s agents, suppliers, consultants, contractors, sub consultant or sub-contractors. This includes such tools, machinery, equipment, hardware, software, motor vehicles owned or rented by the Respondent’s employees.

o The Respondent and City waive all rights against each other, any of their sub-contractors, sub-consultants, agents and employees, and each of the other, for damages caused by fire or other perils to the extent covered by Builders Risk Insurance (if applicable) or other property insurance obtained pursuant to the insurance requirement provisions agreed to by contract or other property insurance otherwise applicable to the work. The policies shall provide such waivers by endorsement or otherwise.

o Respondent shall furnish to the City one or more Certificates of Insurance and a copy of the amendatory endorsements, including but not necessarily limited to the additional insured endorsement, evidencing the Automobile Liability and Commercial General Liability Insurance of the Respondent, before commencement of the work. Before any exposure or loss may occur, the Respondent shall file with the City a copy of the Builder Risk Insurance Policy (if applicable) that includes all applicable conditions, exclusions, definitions, terms and endorsements related to the work.

o Respondent shall ensure that each sub-contractor or sub-consultant of every tier obtain and maintain a minimum of the same insurance coverage and limits as stated herein for the Respondent. At the request of the City, the Respondent shall provide evidence of such insurance.

INDEMNIFICATION The Respondent performing the project for the City of Webster City shall indemnify, hold harmless, and defend the City, if officers, agents, consultants and employees from any and all liability, including claims, damages, demands, losses, costs, and expenses of any kind and description or damage to person or property arising out of or in connection with or occurring during the course of any agreement between the Respondent and the City of Webster City where such liability is founded upon or grows out of the acts or omissions of any agents or employees of the Respondent.

FEDERAL SUSPENSION AND DEBARMENT CERTIFICATION Federal Executive Order 12549 prohibits federal, state and local public agencies receiving grant funding from contracting with individuals, organizations, or companies who have been excluded from participating in federal contracts or grants. The purpose of this certification is for the Respondent to advise the City, in writing, of any current Federal Suspension and Debarment.

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In your response, you must submit in writing a signed letter certifying that you are not currently suspended or debarred by any Federal Department or Agency from participating in federally funded contracts.

MINIMUM PROPOSAL ELEMENTS All proposals, at a minimum, shall provide such sufficient documentation, detail and narrative as to:

Show Respondent’s acceptance of the minimum business terms

Provide all the required information

Provide a Federal Suspension and Debarment Certification

DOCUMENTS AVAILABLE FOR REVIEW The City has a large quantity of documents available for your review online. These materials are presented to assist you in your analysis and proposal. The information available includes additional site maps, copies of the zoning code, marketing reports and analysis, data and demographics, and much more. Please visit www.buildwebstercity.com/Downtown-Development-Project.aspx. Please do not hesitate to contact David Toyer, Economic Developer, at 515-832-9151 or [email protected] with any questions you may have or requests for additional information.

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EXHIBIT A: STANDARD FINISHES

PRIVATE OFFICES & OPEN OFFICE AREA

FLOORING CARPET TILES PATCRAFT 10119 DAZZLE (COLOR: TBD)

CARPET BASE PATCRAFT 10203 COLOR CHOICE (COLOR: TBD)

ALTERNATE BROADLOOM CARPET AND BASE PATCRAFT GIO ULTRALOC #Z5066 (COLOR: TBD)

WALLS PAINTED WALLS COLORS: TBD

DOORS 3'X7' DOORS SOLID CORE WHITE MAPLE STAINED SLICED VENEER

HOLLOW MTL FRAME W/18"W SIDELIGHT PAINTED FRAME

CEILING TILE ARMSTRONG CIRRUS, TEGULAR ANGLED EDGE

LIGHTING 2X4 RECESSED DIRECT/INDIRECT FIXTURES

WINDOW SHADES PHIFER SHEERWEAVE 4400 INSOLROLL WINDOW SHADE (COLOR: TBD)

BREAK ROOM FLOORING MANNINGTON STANDARD VCT COLORS: TBD

JOHNSONITE VINYL BASE COLORS: TBD

WALLS PAINTED WALLS COLORS: TBD

CABINETS/COUNTER PLASTIC LAMINATE UPPER AND LOWER CABINETS COLORS: TBD

RESTROOMS FLOORING 6 X 6 CERAMIC TILE RBC - ED36/OCISA

WALLS - 5'AFF 5' AFF - 12 X 12 CERAMIC TILE W/BULLNOSE CAP RBC - ED36/OCISA

WALLS - ABOVE 5' PAINT TBD

COUNTER SOLID SURFACE W/ INTEGRAL SINKS AND BACKSPLASH WILSONART GIBRALTAR 9033 CARAMEL MELANGE

TOILET PARTITIONS STAINLESS STEEL BRADLEY SERIES 600

GENERAL NOTES EACH CONFERENCE ROOM TO BE ZONED SEPARATELY FOR HEATING/COOLING

DATA ROOM TO BE ZONED SEPARATELY FOR HEATING/COOLING

PROVIDE ELECTRICAL CIRCUITS IN OPEN OFFICE AREA FOR HERMAN MILLER CUBICLES -

(8-WIRE, 4-CIRCUIT SYSTEM. POWER POLES AND BASE FEEDS PROVIDED.)

*Only for the 11,000 sq ft. Needs two private offices, bathrooms that will serve an occupancy of 50 employees, sprinkler and security systems