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City of South Bend Community Investment <br /> <br />The developer will need to specify in their submittal any incentives (City, Federal, or otherwise) and <br />the amounts thereof that is anticipated to be included in the project capital stack and provide <br />information regarding the process and timeline for securing these. It is expected that the City of <br />South Bend will own the Parking Garage and the land the housing development is built on and lease <br />the land to the developer of the housing development via an indefinite long-term ground lease. <br />The site is zoned DT Downtown which is the appropriate zoning classification for this scale and type <br />of project. Developers should be familiar with the zoning requirements and proposed projects <br />which meet the intent of the South Bend zoning ordinance. <br />Submission <br />The submission requirements will be as follows: <br /> Cover Letter including: <br />o Organization Name <br />o Address <br />o Phone & Email <br /> Team Organization: <br />o Description of Team <br />o Organizational Chart with Individuals <br />o Key Staff <br />o Description of Roles (including percentage of each team members time devoted to <br />the project) <br />o Resumes <br /> Proposal for Housing Development: <br />o Outline of development and financial terms (Pro Forma expected later) <br />o Any or all proposed lease payment or terms to the Redevelopment Commission <br />o Projected overall construction costs and other private investment <br />o Proposed project schedule <br />o Details regarding unit affordability, including percentage of proposed affordable <br />units <br />o Details regarding incentives developer is requesting <br />o Project exterior renderings and diagrammatic floor plans <br /> Description of the proposed Developer and Operator: <br />o Identify other firms co -submitting the proposal and their relationship to the <br />developer, and involvement in the project <br />o Description of developer’s in-house capabilities <br />o Number of years in business <br />o Documentation of financial ability to complete the project <br /> Examples of Prior Relevant Experience: <br />o Number of Projects <br />o Location of Projects <br />o Number of Units <br />o Total Project Cost <br />o Imagery of Completed Examples