This property is located in the redevelopment area, in between the Library and Communiversity site.Proposers are asked to submit a written proposal based on the criteria listed below, subject to any addenda that the Town may release prior to close of the offering period. Proposals will be reviewed and scored by the Town’s evaluation panel and will serve as the basis for the interview between the Proposer and the Town’s evaluation panel. The Town is seeking to understand the Proposer’s intent and development proposal based off the Town’s vision for the +/- 1.44-acre site through a narrative outlining how the Proposer intends to approach the development and meet the criteria. In addition, Proposers shall submit a conceptual site plan showing anticipated land uses and densities. No additional design work of any kind, such as elevations, is needed at this stage of the process. As the Town is seeking to balance the fulfillment of its vision for this property with a fair economic return, Proposers shall also submit a terms sheet that reflects their proposed terms for the acquisition of the property based on the proposal. The Town acknowledges that proposals will be speculative and based on Proposer’s best and current understanding of the site, market and the Town’s goals at the early stages of this process. That said, the Town is seeking complete proposals that demonstrate the Proposer’s experience and soundness of approach to planning, financing and developing the site.
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