6.B.(5)&(6) Request for Proposals Management Properties

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• Offer for Icuse the commercial units, conu»crcial space and other rental Cacilities and concessions in the properties in accordance ~~~ith the fr~lli~~~~ing provisions: a. Follo~a~ the retail tenant selection policy prescribed by the O~i~ner: b. Show the premises to prospecti~c tenants and not discriminate in the performance of any sen~ices rendered because of the race, color, religion. sex, familia{ status, handicap, age or national origin of the prospecti~~c tenant: c. Solicit. rc;ceivc and process applications t~~r leases and de~~c{op and maintain a current list of prospecti~~c Lenants; d. Collect security deposits in accordance ~~ilh the terms of each tenants lease and the requirements of applicable state la~~~: e. C`olleet rents, char~~cs, and otha~ amounts due from fcnants promptly ~~~hcn such amounts become due and deposit all such amounts in a separate account with a bank or other financial institution ~~~hose deposits arc insured by an agency of the United States Go~~crnmcnt ~~. Secure full compliance by each tenant ~~~~ith the terms of the lease: h. Secure prior appro~~al of the O~wncr bct~~re making any expenditure ~~~hich exceeds T~~~o Thousand Fi~~c Hundred Dollars (5?,500.00) in any one instance fir labor, materials. or otherwise in connection ~a~ith the maintenance and repair of the property: i. Prepare a recommended annual operating budget for each tiscal year and present that budget fior appro~~al by the Rede~~dopment Couu»ission prior to January 1 of each year: j. Establish and maintain a eomprehensi~~e system of records, books and accounts in a manner satistaetory to the owner and subject to applicable state la~~~. and submit monthly reports of all receipts and expenses by line item to the o~~~ncr ~~~ithin (15) days of each month end: and k. Pro~~ide a ca-titicatc cxidencing tidelity insurance cox~cragc ~~~ith sureties in the amount of not Icss than Onc Million Dollars (S 1.000,0OO.OU). BID F,~'ALUATIO'.V. The Rede~~elopment Commission shall c~•aluate and consider the follo~a~inr~ factors in its rc~ iew of Bids: I . 'hhc degree to ~~°hich the bid meets the objecti~ cs of the De~~elopment Plan for the South Bend Central De~~elopment eArea and meets or exceeds the Scope of Property Management Scr~-ices stated abo~~e.