The City of Peoria seeks proposals from qualified developers for the purchase or lease and redevelopment of a City-owned building located at 121 Morton Street. This building is located near Constitution Park, along the Illinois River next to the downtown.
121 Morton Street
This building is one-story with a small, second story loft area 150 sq. ft. at the southern end of the building. The total size of the building is approximately 6,000 sq. ft. The exterior walls of this building are concrete block, and brick veneer with long rectangular windows facing the river; interior flooring is concrete; interior walls are concrete block and brick veneer; the roof is built-up with a ¼” per foot pitch; downspouts are on the exterior of the building. The building was originally used as the Rock Island Railroad Depot, but more recently has been used for storage and a small office area.
A City-owned parking lot containing 45 parking spaces is located adjacent to the property.
The building is currently zoned for R-3, single family residential, but proposals containing other zoning will be considered.
Possible City Contributions
• City of Peoria Enterprise Zone incentives
• Low interest loan programs
• TIF
Submission Requirements
• A development plan shall be submitted consisting of a narrative, maps and design schematic.
• The Developer shall submit evidence of qualifications consisting of developer’s experience and three (3) references competent to speak to the developer’s experience.
• A statement of experience managing project(s) of similar size; a statement identifying any defaults and bankruptcy; and a list of financial institutions as references shall be submitted.
• A preliminary development proforma showing assumed sources and uses of funds shall be provided.
Review and Selection Basis for Proposals
Each criterion in the evaluation will be ranked on a scale of 1 to 10, where 10 equals the highest ranking of submittals received. A rank of 10 for any criterion indicates the most qualified firm for that criterion. Each numerical ranking will be multiplied by the weighted value below. A total point value for each submittal will be determined by the composite evaluation of the Selection Committee. The firm with the highest overall point total will be ranked first.
Request a copy of the RFP to see the requirements for submittal and decision by the City.
All proposals will be evaluated by City staff review committee. The committee may consist of members of the following Departments: Public Works, Economic Development, Planning and Growth Management. Final recommendations will be made to the City Council. Final authorization to enter into a contract can only be made by City Council; and until that occurs, there are no commitments by the City.
Proposal Process
Seven complete sets of the proposal and all supporting documentation must be submitted. Proposals shall be sent to:
Craig Hullinger
City of Peoria Department of Economic Development
419 Fulton, Suite 403
Peoria, IL 61602
Proposals will be accepted at the above address until 4:00 p.m. (Central Standard Time) on May 16, 2008.
Questions shall be directed to Craig Hullinger at: (309) 494-8639, chullinger@ci.peoria.il.us
City’s Selection Process
The City will enter into negotiations with the top ranked firm, if negotiations cannot be reached, the City will suspend negotiations with that firm and go to the next firm on the list. This process will continue until a firm is selected.
The City of Peoria reserves the right to reject any and all proposals received as a result of the Request for Proposals, or to negotiate in any manner necessary to serve the best interests of the City. If a minority and/or female owned small business is included, then a Business Plan for that small business must also be included.
Meeting / Inspection City Staff will conduct a meeting for interested parties on May 5, 2008, at 2:00 p.m. at 121 Morton, which will include a walk through of the building. This meeting is mandatory for anyone submitting an RFP.
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