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4 <br />Proposal Forms <br />The Proposal Forms must be complete before the Commission will review the <br />proposal. The first and second pages of the Proposal Forms describe the <br />Applicant's offer for the real property. Applicants shall fill in all applicable spaces <br />and sign accordingly. <br />Each Applicant shall submit the following as part of the Applicant’s proposed offer: <br />Narrative Description <br />(Proposal Forms, page 1) <br />A Narrative Description of the Applicant’s proposed development project for <br />the real property must be submitted as part of the proposal. The Narrative <br />Description should note the exact nature, character and use of the proposed <br />improvements. Maps, plans and drawings shall be included to clearly <br />indicate the location, size, materials, style of structures, parking lots, and <br />other improvements. All proposed improvements and uses must conform to <br />the Bid Specifications and Design Considerations and the River West <br />Development Area Development Plan. The maps, plans and drawings as <br />submitted will be examined by the Commission to determine whether, in the <br />Commission’s sole opinion, the Applicant’s proposal conforms to the Bid <br />Specifications and the River West Development Plan. The Commission may <br />reject any offer which does not conform to said Specifications, Guidelines <br />and/or Plan. <br />Proposed Site Plan <br />(Proposal Forms, page 1) <br />All Applicants must submit a site plan for the real property on which the <br />Applicant has made an offer. This site plan should be included as Exhibit "A" <br />of the proposal. If the Applicant's proposal is accepted, the Applicant will be <br />required to formalize the site plan with Commission Staff as part of the final <br />documentation. <br />Faithful Performance Guaranty <br />(Proposal Forms, page 2) <br />All proposals must be submitted with a Faithful Performance Guaranty in an <br />amount not less than 10% of the total purchase price offered for the property. <br />The Faithful Performance Guaranty will secure the execution of the Contract <br />and the development of the proposed improvements. The Faithful <br />Performance Guaranty may be in the form of a certified or cashier's check or <br />other security as approved by the Department. No offer will be considered <br />unless it is accompanied by the required guaranty. All checks should be <br />made payable to the City of South Bend, Department of Community <br />Investment. <br />Except as otherwise herein noted, the Faithful Performance Guaranty of all <br />unsuccessful Applicants will be returned as soon as practicable after notice <br />of rejection.