April 19, 2013 Eastland Mall Request For Proposals City of Charlotte Responses to Respondent Submitted Questions The City of Charlotte released a Request for Qualifications for the redevelopment of former Eastland Mall (Site) in January 2013. Two development teams have accepted invitations to propose development programs for the per a Request For Proposals (RFP) released March 8, 2013. The RFP set an April 17, 2013 deadline for submitting written questions regarding the RFP. This document represents the collected questions and the City’s official response. Per the RFP, these responses shall be posted at http://charmeck.org/city/charlotte/nbs/ed/revitalization/Pages/Eastland.aspx and will be sent to each respondent team. 1. Could you clarify the process after the 5-30-13 submission date? Will the City likely ask the team to give an oral presentation between 5-30-13 and the Best and Final selection date of 6-24? On 6-24, the RFP states that the City will notify those selected to prepare a Best and Final Offer ….If selected for this B&FO, how long will the City give the team to prepare the B&FO? Response: The City will evaluate the RFP responses received on May 30 and make an appropriate determination if oral presentations will be required and in what format and venue. If presentations are requested, every effort will be made to provide adequate notice to the Respondents. Any requested Best and Final Offers should be delivered no later 4:00 PM, July 8, 2013. 2. Has the City had any difficulty in interacting with the property owners immediately adjacent to the mall site as to demands they have made for types of “uses”? In other words, have the immediately adjacent property owners to the mall site expressed any concerns or made demands that uses on portions of mall land adjacent to their property be of a certain “type”? Response: The City has not received any commentary or communication from immediately adjacent property owners of the site regarding the scope, scale or type of redevelopment of the Site. Working to make Charlotte neighborhoods and businesses healthy and vibrant 600 E. Trade Street • Charlotte, NC • 28202• 704-336-3380 www.CharlotteNC.gov 3. Are there any major building projects with building permits already submitted, or approved, in the surrounding area? Response: Within a half mile radius of the Site, one construction permit for a new dialysis facility totaling $2.6 million has been issued since March 2012. 43 other permits have been issued with construction values of less than $86,000 with the large majority of those less than $20,000 in construction value. 4. Is a letter of credit or deposit as expressed in the RFP, page 10, a mandatory part of the submittal? Response: The City is not requiring a letter of credit or deposit for the RFP. The statement to that effect on page 10 of the RFP is in error. 5. Although the City has expressed that it will not provide direct funds for the project, would the City consider participating in a Tax Incremental Financing (TIF) or synthetic TIF, as they are sometimes known in North Carolina, which would not require the City to provide cash up-front, but would leverage future real estate tax increases as a result of a successful mall project, and allow up-front loan proceeds to be raised payable by that future incremental tax stream? Response: The City will not automatically reject proposals containing requests for City financial participation. However, any proposed City participation will be required to meet and pass a stringent “but for” analysis. Any decision for City funding would be at the sole discretion of City Council. 6. We are aware that the City has released a demolition RFP. What is the status of this RFP? Timing? Response: As part of its due diligence for a variety of property disposition scenarios, the City solicited bids for demolition of all buildings on the Site. City staff is currently evaluating options for a potential demolition but has not made a determination of course of action or what timing of any actions may be at this point. 7. What is the status of the City’s proposed street car/trolley on the central avenue corridor? Response: City Council is currently considering financing options for constructing a 2.5 mile extension of the 1.5 mile streetcar system currently under construction. At this time, no funding mechanism or construction timetable has been proposed for the extension of the streetcar system to the Site. Working to make Charlotte neighborhoods and businesses healthy and vibrant 600 E. Trade Street • Charlotte, NC • 28202• 704-336-3380 www.CharlotteNC.gov 8. Does the City expect the development to include a residential component? Response: The RFP contains the following requirements: The City intends to have a mixed-use development that supports the existing residential stock, and any new residential development should support an increase in the value of existing houses. For clarification, the City does not require residential as part of a mixed-use redevelopment of the site. However, all proposals must at minimum protect residential property and home values of nearby residential neighborhoods. Proposals that include a residential component should propose residential uses that compliment and strengthen the residential property and home values of nearby residential neighborhoods. 9. Regarding SBE, MBE and WBE participation, can our participation plan define the level of participation we will utilize versus identifying actual names of participating firms? Response: The SBE, MBE, and WBE plans should identify a target participation percentage. It is not necessary to identify specific participating firms in the RFP response. 10. Are references only required for the “Respondent”, who would be the developer? …or are references required from the major supporting team members as well? Response: References should provide a sense of the skills and background of the development team as a whole. All major supporting team members should provide references. Working to make Charlotte neighborhoods and businesses healthy and vibrant 600 E. Trade Street • Charlotte, NC • 28202• 704-336-3380 www.CharlotteNC.gov