RFQ Questions & Answers

Description

University of the District of Columbia Foundation (UDCF) Student Housing P3 RFQ Questions and Responses # Question Response Partnership Structure Questions 1 Please confirm which entity – UDCF or UDC, or the District of Columbia itself – will be the counter party to a lease transaction. The P3 Partner will serve as developer under a development agreement and operating agreement with the Foundation. The space lease will be between the University and the Foundation. 2 3 4 Provide a description of the Proposer(s) and the anticipated legal relationship (governance and capital structure) for the Proposer(s). Include in the description of the Proposer(s) the year founded, description and approximate value of real estate developed and currently under control, number of employees by function, and an organizational chart. All equity investors should be identified.” Please clarify the last sentence to confirm if UDCF is looking for information about investors in the proposer’s firm or potential equity providers for the project. For the qualifications, providing the track record of prior or current investors is sufficient. What, if any, conversations has UDC or UDCF had with the surround community / ANC about the Project? Student housing was included in the Institution Master Plan. UDC and UDCF will be providing project updates to the ANC as the project progresses. Project Design and Construction Questions Does the University anticipate further adjusting the student housing program mix as shared in the PreProposal Meeting? If so, will it be looking for recommendations from the Developer team, or does it intend to primarily make any further adjustments internally with it’s own advisors. The University reserves the right to adjust the program and welcomes alternative solutions from developers if they believe a more advantageous approach exists. 5 Is there guidance on construction type for this Project? Additional details will be provided in the RFP. 6 Is the developer expected to provide on-site parking for the residents? If so, how many spaces or what is the desired ratio of beds to parking spaces? Additional details will be provided in the RFP. The slides shared at the Pre-Proposal Meeting cite various indoor amenities which the development should include. Are there additional onsite outdoor amenities which the development should include? If so, please provide examples. Additional details will be provided in the RFP.