HomeMy WebLinkAbout02-12-09 IV e. Block 29 RFP
HASTINGS ECONOMIC DEVELOPMENT & REDEVELOPMENT
AUTHORITY
REQUEST FOR DEVELOPMENT PROPOSALS
PROPERTY & DEVELOPMENT FACTS
1.Description: Vacant lot at SW corner of Sibley and Fourth Streets. Lot 1 and 2
except the west 6 feet thereof, Block 29, Town of Hastings. Size approximately
17,600 sf. 125? X 140?. See Parcel A on the attached survey.
2.Asking price: $140,400 ($8.00 s.f.) for the parcel. The property is owned by the
HEDRA.
3.Utilities: sewer and water in adjacent right of way. There are existing utility
trenches from the mains to the location of the former building. Installing private
utilities from the mains would be a developer cost.
4.Six oak trees on the NE corner of the site are considered community assets. Every
effort should be made to preserve these. The other two trees near the alley need
not be preserved. See the attached example site plan for the oak tree canopy
location.
5.Zoning: C-3 downtown commercial permits most retail and office uses.
Commercial or residential uses are permitted above the first floor.
6.Building Code for elevators: Any combination of second floor and basement area
totaling 3,000 s.f. or more requires an elevator.
7.Building design: See the Original Hastings Design Guidelines (portion attached).
Two story buildings and masonry materials are recommended to maintain the
neighborhood scale and appearances. ?Historic? designs are not required.
8.Parking: Consult the Planning Department for parking space and lot design
requirements. Every 300 s.f. of office space requires one space. Every apartment
requires 2 spaces.
9.Environmental. Soil tests have not been done. An environmental transaction
screen was done for the site and former building (406-408 Sibley) in 2002. It is
available for inspection. One page of conclusions is attached. Asbestos was
removed using approved methods before the house was removed.
10.Local parking conditions. The owner of the adjacent property (110 E 4th) would
like to discuss the opportunity to use the same contractor to complete their
parking lot. Some of the owners of the buildings facing Vermillion Street have
expressed interest in having access to off-street parking. See the attached list of
property owners. A joint parking lot built by all property owners could be
considered as part of the project.
HEDRA GOALS
1.Sell the entire parcel for a new commercial or mixed use building.
2.Building materials and design should complement the existing buildings in the
area. A main façade fronting Fourth Street is preferred.
3.In order to preserve the oak trees, the area beneath the tree canopy, approximately
5,000 s.f., should not be built upon.
4.Access to parking lots should be from the alley. The existing curb cut on Fourth
should be closed. Parking lots should be behind (south of) the building.
5.Parking spaces in excess of the new building?s requirements would be considered
a plus.
6.Although this property does not qualify for tax increment, the HEDRA can assist
the development by adjusting the land price. The developer would have to
demonstrate, with a detailed construction cost estimate and proforma, that the
project needs assistance in the form of a price reduction to be feasible and meet
the goals.
7.Recognizing the current difficult of recruiting tenants for a new development, the
HEDRA will allow two years from the date of a development agreement to
closing the sale of the property for construction.
A SELECTED DEVELOPER WOULD BE RESPONSIBLE TO:
1.Enter a purchase and development agreement with the HEDRA.
2.Secure the title examination and insurance commitment.
3.Conduct environmental and soil tests, if needed.
4.Secure building and site plan approval and building permit from the City Planning
Commission and City Council.
5.Secure tenants if needed for financial feasibility.
6.Arrange private financing for the development costs.
PROPOSAL PROCESS
The following materials are to be included. Questions: contact John Grossman 651-480-
2347, jgrossman@ci.hastings.mn.us. PROPOSALS ARE DUE 4:30 PM, MARCH 31,
2009 AT CITY HALL.
1.Preliminary building floor plans or square feet of different uses, and conceptual
drawings of the exterior appearance, showing four sides.
2.Preliminary site plan showing building footprint, number and location of parking
spaces, access drives, oak trees, sidewalks. A site plan is attached as a sample.
3.Description of exterior building materials.
4.Estimated construction costs, building and site improvements.
5.Proposed building uses, and any tenants if known.
6.Proposed development schedule.
7.An offer to purchase the property at a specific price. If less than the asking price,
additional information will have to be provided to HEDRA?s financial consultant
to assess the feasibility and need for assistance.
8.Submit 9 copies of the proposal and drawings, plus one not stapled or bound, or
submit the entire package electronically with a CD.
The HEDRA reserves the right to accept or reject any or all proposals, to waive
conditions and to negotiate alternatives.
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