REQUEST FOR QUALIFIED PREFERRED DEVELOPER
The Town of Plymouth is seeking a developer capable of partnering with the Town to design and construct an industrial building for lease or resale to a qualified end-user on one or more of the available lots in Phase III of the Plymouth Business Park. Developers selected for this program would qualify to receive a grant from Connecticut Light & Power Company in the amount of $5,000 to offset the costs of planning and design.
Background and Overview:
The Town of Plymouth in partnership with the State of Connecticut Department of Economic and Community Development and U.S. Department of Economic Development Administration have developed a business park with 22 shovel ready sites ranging in area from 1.5 to 5 acres each, capable of being combined and suitable for various sized facilities from approximately 5,000 to 50,000 sq. ft. of floor space. Any of the 17 remaining sites, once selected, could allow for breaking ground within 90 to 180 days.
Due to the source of the State funds, a development policy requires industrial/manufacturing or professional office usage. The stress on manufacturing industry created by the international economy and competition has created a need for an even greater amount of expedience in the development process. A manufacturer needing to expand today cannot wait the typical 12 to 18 months for a building to be completed, nor can they devote the time and expense often associated with the development process. In addition, the cost of building has continued to skyrocket with no moderating foreseen.
As the Plymouth Business Park is required to target this particular end-user and the Town of Plymouth is eager to see development of the available sites, the Economic Development Commission is seeking a developer to assist in expanding opportunities and increasing the attractiveness for manufacturers needing to expand or relocate their facilities. This would be achieved by providing a virtually pre-designed and permitted building ready to meet the needs of the typical end-user.
If designated, the Preferred Developer will be required to: 1. Prepare and submit a site plan for the concept depicted as part of the candidate’s response to this RFQ; 2. Seek and obtain approval from Economic Development Commission, Inland Wetlands Commission (if applicable) and Planning & Zoning Commission for the site plan; 3. Work with the Economic Development Commission and the Town’s Economic Developer to market the opportunity to qualified end-users; 4. Selected Developer would initiate regulatory process within 90 days of designation as Preferred Developer.
The Developer would be guaranteed via their status as Preferred Developer and upon the submission of a letter of intent from a qualified end-user: 1. A 12-month guarantee for the ability to purchase a building lot of their choice for the price indicated below; 2. A 3-year 50% tax abatement on the completed building; 3. The ability to offer potential end-users a relocation grant to cover a percentage of their relocation costs. 4. A $5,000 grant sponsored by Connecticut Light & Power will be offered to the developer to offset the costs of design and planning.
CHECKLIST OF RFQ SUBMISSION REQUIREMENTS
Each developer or development team candidate must provide the information listed below as part of its submission to the Request for Qualifications. All materials submitted will become the property of the Town of Plymouth and may be subject to public inspection under the Freedom of Information Act (FOIA). Each submission in response to the RFQ must contain the following information and adhere to the following format:
Ten (10) copies of the complete RFQ response package
Formal letter of interest on principal developer's letterhead to:
Attn: Plymouth Business Park Development Proposal
c/o William Kuehn, Town Planner
Town Hall
80 Main Street
Terryville, CT 06786
Identification of Development Entity:
It is requested that a full description of the principal firm, its development entities and subsidiaries and other team members making the submission be provided in a narrative form that is clear and comprehensive. Brochures and collateral material on the firm(s) can be included as appropriate. Descriptions of the development entity need to include:
Description and history of Firm/Entity:
- Length of time in business
- Structure of principal organization submitting RFQ, including the identification of owners with a 20% or greater share of the organization submitting the RFQ.
- Types of developments undertaken by the firm(s).
Staffing:
- Identification of a project manager who would be personally responsible for the project
- Description, resumes and proposed roles of all key team members
Description of Development Experience:
Developers making the submission will provide a list of relevant and comparable projects completed or in process.
Developer's Financial Capacity:
Developers making submissions must present evidence of the financial capacity to successfully undertake a project of this magnitude. Financial capacity will be evaluated based on submitted documentation indicating both the current financial condition of the submitting developer and its past-demonstrated ability to obtain debt and equity financing. Greatest weight will be given to information providing clear, well-documented disclosure of financial capacity. Independent evaluations by credit rating agencies may also be taken into account.
Conceptual Plan:
Developers are required to submit a conceptual plan for the development of the site in both narrative and graphic form. While the concept plan is intended to reflect the developer's vision for the site, it must be of sufficient detail to allow the selection committee to begin to assess the fiscal and practical viability of the proposed development. Developer's concepts should include:
A 100 scale plan depicting a manufacturing facility of no less than 9,000 square feet that meets the requirements set forth in local zoning regulations and set forth in the covenants of the Plymouth Business Park.
A delineation of major issues and concerns that the developer has identified which would impact the proposed development program.
References:
All submissions should include a minimum of four references that in the opinion of the developer can best attest to the development experience of the submitting firm. Two of these references must attest to the submitting firm's financial capacity to undertake the project.
RFA Selection Criteria:
Responses to the RFQ will be judged on the quality of the proposed concept for the development of the site and the developers’ relevant experience in carrying out the project. The following criteria will be used by the selection committee as a guide in evaluating all submissions:
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Quality of Development Concept
The selection committee, at its sole discretion, will determine quality based on how well the concept appears to meet the Town of Plymouth's objectives. These include: |
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Develops and creates an industrial project that satisfies regulatory and Park Covenants aesthetically, architecturally, and functionally. |
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Constructs a marketable industrial building for sale or lease. |
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Develops a design reflecting Plymouth’s vision for the Business Park. |
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Provides a development, which will produce a larger tax base, and significant other economic benefits. |
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Developers Qualifications
Emphasis will be given to the overall development experience and track record of the proposed development team in the context of their proposal. |
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Developers Financial Condition and Strength
Emphasis will be given to the determination of the financial condition and/or capacity of the development team to undertake the project. Although it is not listed as a specific selection criterion at the RFQ stage of the process, developers should note that the Town of Plymouth is most interested in proposals that offer positive economic and fiscal benefits to the Town and region. These benefits can include potential sales proceeds from the property, tax revenues, employment opportunities and other economic benefits that may result from the development.
Note: Proposals that are not consistent with existing local zoning or Business Park Covenants will not be considered. |
| Interested parties should direct their proposals to: |
Plymouth Economic Development Commission
C/o Craig Stevenson
Plymouth Town Hall
80 Main Street
Terryville, CT 06786 |
All questions or requests for additional information should be directed to Craig Stevenson at 860-306-8325 or via email at bizpark@connectedtoct.com |
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