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RM 05-08-87
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RM 05-08-87
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ITEM <br />I. DEVELOPER'S NAME: <br />(PARTICIPANTS) <br />II. BID AMOUNT: <br />( 4 -3 -MIN. BID - <br />94,900) <br />III. <br />( 4 -30 -MIN. BID - <br />115,750) <br />STAFF REPORT <br />BID REVIEWS: PARCELS C4 -3 & C4 -30 <br />May 12, 1987 <br />(A) WASHINGTON /ST. JOSEPH ASSOCIATES <br />(W /SJA) PARTNERS: Wallace F. Holladay, <br />John T. Phair, Charles G. Clark & <br />Limited Partners. <br />(B) COMBINED CAPITAL ASSOCIATES XVI (CCA XVI) <br />PARTNERS: Robert A. Sowinski, <br />Robert B. Toothaker, Donald E. Best, Jr., <br />Richard L. Best & Frederick R. <br />Ritschard, III. <br />(A) W /SJA: $ 94,901 <br />(B) CCA XVI: $100,000 <br />(A) W /SJA: $115,751 <br />(B) CCA XVI: $ No Bid <br />NOTE: W /SJA PARTNERSHIP INDICATES THAT THE BID IS ALL OR NONE. <br />W /SJA BID $210,652 (MIN. BID - $210,650). <br />GUARANTY <br />(A) W /SJA: Check submitted in the amount <br />of $21,065.20. <br />(B) CCA XVI: Letter of Credit in the amount <br />of $10,000 from Valley American Bank. <br />NOTE: Both Performance Guaranty Methods Acceptable. <br />IV. PROJECT DESCRIPTION: (A) W /SJA: A 130,000 s. f. building to be <br />coiistructed.in two phases. The first phase of 60,000 s.f. will be <br />co structed on Parcel C4 -3 and an overhead connection will be made to the <br />- - -. - - - -Je ferson Street--- Municipa- l —Park ng -- Garage -. -- -The- second -of -f- c-e---bui-ldi-ng--o-f-------- <br />70 000 s.f. will be constructed at a later date on Parcel C4 -30. A public <br />at ium will connect the two buildings. <br />NOTE: W /SJA stated in their cover letter of April 3, 1987 that the <br />mi imum requirements of 150,000 s.f. will be met. The site plan indicates <br />a development of 130,000 s.f. The developer's representative indicated <br />that the 150,000 s.f. commitment in the letter will be met. It is not <br />Cl Ear what the size of Phase One or Phase Two will be. <br />(B) CCA XVI: The developer intends to <br />co struct an office building of a minimum of 6 5,000 s.f. to house <br />
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