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

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2. ~I~hc 13iddcr~s linancial responsibility, qualitications, experience and ability to manage the Raley clopment Retail Properties ~~~~ith reasonable expertise. ~. The l3iddc r~s proposed management fee structure. 4. "hhc l3idder~s compliance ~~ith all applicable General Requirements stated bclo~~~. 5. The immediate and long-term potential impact on employment in the area anticipated to result from the [3idder~s proposal. 6. ;1m other lzutors ~~hich ~~ill assure the Commission that the 13idde(s proposal will further the execution of the South Bend Central De~clopulent Arco Dc~clopmart Plan and ~,~ill seryc the interests of the community from the standpoint of both human and economic ~~~elfarc. CE1'F.RAL RGQUIRE~IENTS. I. All of the provisions of I.C. 36-7-14-~~ ~~~ill apply to the biddin~~ process. 2. Any bid submitted by a trust as detined by IC ~0-4-1 must identify each hcncticiary of the trust and the scttlor cmpo~rcral to rc~~okc or modify the trust. ,~ copy of the document that establishes the ~I rustec~s authority to acquire the Property must be included ~~~ith the bid. ~. The succcsstul bidder w-ill he rcyuircd to enter into a conUact kith the South 6cnd Rcde~~clopmcnt Commission. =~. The Redc~~clopmcnt Commission has also im~itcd bids fbr the Spccitic.atirms tur the Master Lease of Rcdc~~clopmcnt Retail Properties. A bid pursuant to the Specifications t<u- Mana~remait ~~f Rede~~clopment Retail Properties does n~~t require a bid f~~r the Specifications i~~r the i~aS1eI' Lcasc of Redc~~elopment Retail Pr~~pertics. If the Bidder ~~~~ishes t~~ submit bids pursuant to both, the Bidder must submit each bid separately. 5, The Redevelopment Commission expressl~~ reserves the right to reject an}~ and all Bids. In The c~°cnt that uo Bid is awarded, the Redevelopment Commission ma~~ proceed b~~ prig-ate negotiation in accordance ~~~ith Indiana Code § 36-7-14-22.