Arthur Street and Kimball Avenue Development Proposals (RFP)

URBAN RENEWAL AGENCY OF THE CITY OF CALDWELL, IDAHO Arthur Street and Kimball Avenue Request for Proposals (RFP) INTRODUCTION The Urban Renewal Agency of the City of Caldwell, Idaho, hereinafter referred to as (“ Agency ”) is requesting proposals from interested parties in serving as the developer of the property located generally easterly of the intersection of S. Kimball Ave and Arthur Street in downtown Caldwell (the “ subject property ” or “ property ”). Responsive proposals to this request (“ RFP ”) must demonstrate financial capacity, and a workable planning and business framework for redevelopment of the subject property into a robust addition to the on-going redevelopment of historic downtown Caldwell. The review process is an evaluative assessment of the potential of each proposal and will more favorably consider responses demonstrating the respondent’s ability to develop the project expeditiously. Preference is given to projects that engender street vitality with complimentary and active mixed uses regardless of the specific type of each use. Development must be consistent with the vision and other principles described herein and in the Agency’s Plan, a copy of which can be obtained by contacting the Agency. This RFP is a competitive proposal process. After reviewing the responses to this RFP and potentially interviewing parties who have submitted responses (“ Developers ”), the Agency anticipates selecting one responding team (“ Preferred Developer ”). The process and criteria that will be used to make the selection are described herein. The Agency and the Preferred Developer will negotiate in good faith to reach agreement on the development requirements and execute a Disposition and Development Agreement (“ DDA ” or “ Contract ”) that sets out the terms for the parties to move forward. The DDA represents a first step in defining business terms as well as the process by which Agency and the Preferred Developer will work collaboratively to formulate a fully articulated development plan. The DDA will establish terms and conditions for exclusive negotiations, clarify the parties’ respective roles and responsibilities, set out pre-development activities, establish timeframes and provide key terms and conditions of the transfer of the subject property to the Developer. Other related development and financial considerations will be addressed in the DDA as well. The Agency requests ongoing monthly updates regarding from the Preferred Developer. A representative from the development team should attend the monthly Urban Renewal Agency meetings, held on the second Monday of each month (excluding holidays), or provide a written letter to update the commission on the project’s progress. Updates may be provided in person, via Teams, or through a written letter update. ABOUT THE AGENCY The Agency is the urban renewal agency formed by the City of Caldwell, Idaho. Since 1998 the Agency has focused on creating a vibrant, pedestrian-friendly, mixed-use urban center in downtown Caldwell. This urban center now includes a reopened and park-lined Indian Creek, a beautiful campus for Treasure Valley Community College on the third floor of Caldwell’s City Hall building, professional offices, retail, boutiques, restaurants, art, cultural and entertainment opportunities, and some residential uses. The Agency and the City of Caldwell have continually invested in downtown infrastructure, streets, streetscape, public spaces, public art and culture, and look forward to continuing to do so. The centerpiece of area surrounding the property is the Indian Creek Plaza; a public square that hosts 250+ outdoor community activities and events per year. For more information regarding Indian Creek Plaza please visit indiancreekplaza.com . A seven-member Board of Commissioners made up of two current Caldwell City Council members, four community members, and one Canyon County representative governs the Agency. The Agency operates pursuant to a formally adopted Urban Renewal Plan which can be obtained by contacting the Agency.