Purchase and Development of Town-Owned Lands

The Town of Olds (the "Town") invites proposals from qualified builders and developers ("Proponents") to purchase and develop three Town-owned parcels in the Cornerstone area of Olds (the "Lands"). The Town will consider offers on any single parcel, any combination of parcels, or all three parcels together. The Town's objectives for this process are to: Achieve strong financial value for the Lands for the benefit of Olds taxpayers. Select purchasers with a demonstrated ability to deliver quality development. See the Lands developed in a timely manner, consistent with the Cornerstone Area Structure Plan as amended. Proposals will be evaluated on three criteria: Offer Price, Builder Experience and Portfolio, and Development Timing, as described in Section 6. The Lands are located along 67A Avenue, Cornerstone Road and 70th Avenue, near the Town's primary commercial district and Rotary Athletic Park. New roads and infrastructure are in place adjacent to Lot 9 and 15; Lot 10 has road and utility connection points at the far south and north ends, respectively, but is not as development-ready as the other lots.