6.B.(8) Specifications Master Lease Retail Properties

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BID E~';~LUAT101~. The Rede~~clopment Commission shall e~~aluate and consider the fi~llo~rin~~ factors in its re~~ic~~~ of Bids: I . The degree to «~hich the bid meets the objccti~~es of the Devclopmunt Plan t~~r the South Bend Cents al Deg clopment Area and meets or exceeds the Scope of Master Lcasc stated aho~c. ?. fhe Bidders financial responsibility. yualifications_ experience and ability to sublease the Rale~clopment Retail Properties ~n~ith reasonable expertise. ~. 1~he Bidders proposed Master Lease Kemal Ratc. 4. The Bidders compliance ~~ith all applicable General Reyuircments stated below. 5. The immediate; and long-term potential impact on employment in the area anticipated to result ti•om the [3iddcrs proposal. G. Any other factors ~~~hich ~~r~ill assure the Commission that the Bidders proposal w-ill further the c~ecution of the South Bend Central De~~clopment Arca De~elopmait Plan and gill scr~c the interests of the community fiom the standpoint of both human and economic «~eltare. GENERAL R[:QUIREM1IEN"CS. I . All of the provisions of LC. i6-7-]4-'~ r~~ill apply to the bidding process. ~. Any bid submitted by a trust as defined by 1C ~0-d-1 must identify each beneficiary of the trust and the settlor cmpow~ered to rc~~oke or nuxlifv the trust. A copy of the document that establishes the Trustees authority to acquire the Property must be included ~~~ith the bid. 3. The successful bidder will be rcyuircd to enter into a contract with the South Bend Rcdc~clopmcnt Commission. d. The Redc~~elopment Commission has also ins sled bids for the Specitications ft~r Management of Rede~ elopment Retail Properties. A bid pursuant to the Specitications for the Master Lcasc of Redc~~clopment Retail Properties does not require a bid t~~r the Specitications for 'Management of Rcde~clopment Retail Properties. ]f the Bidder ~~ishcs to submit bids pursuant to both, the Bidder must submit each bid separately. 5. The Redevelopment Canmission e~pressl~~ reser~~es the right to reject an~~ and all Bids. In the event that no Bid is awarded, the Redevelopment Commission ma~~ proceed b~~ private negotiation in accordance with Indiana Code ~ 36-7-14-22.