This is a combined Request for Qualifications (RFQ) and Request for Proposals (RFP) for the development of the MTD Calle Real Property. The Santa Barbara Metropolitan Transit District (MTD) is seeking a developer to develop, construct, manage, and operate a mixed-income residential rental project on approximately **** acres. The goal is to create a Transit-Oriented Development (TOD) that provides housing, improves transportation facilities, and offers public benefits. The developer will enter into a long-term ground lease. Key aspects include: - Project Location: **** Calle Real /149 North San Antonio Road, Santa Barbara County, CA. - Non-mandatory pre-submittal meeting: August 31, 2020. - Deadline for requests/clarifications: September 14, 2020. - RFQ/RFP submission deadline: October 1, 2020, at 4:00 PM PDT. - The development entity must submit five sets of proposals (one original, three copies, one electronic). - MTD has completed predevelopment studies including biological resources, traffic, archaeology, geology, hydrology, water/sewer, and survey, which are available on MTD's website. - The selected developer will be expected to obtain all necessary entitlements through the County of Santa Barbara's process. - MTD anticipates a lease option agreement followed by a long-term ground lease (55 years or more). - The evaluation criteria for the RFQ portion include recent development experience, development team's financial strength, project management ability, ground lease experience, public agency experience, and community involvement. - The RFP portion will be evaluated based on MTD's financial return and risk, financial capability, experience with similar projects, development team, conceptual plan, and community involvement. - MTD reserves the right to reject any or all submittals. - Procurement protest procedures are available on MTD's website.
The deadline for RFQ/RFP submission is Thursday, October 1, 2020, at 5:00 PM PDT.
The bid notice states that MTD will consider rent payment under the ground lease structured as annual base rent payments or based on a percentage of gross income received from the operation of the project. Any rent payment structured as annual base payment should include a periodic increase based on CPI or similar metric and be subject to at least one midterm rent reset. In addition to rent payments, the selected developer will pay directly for any and all expenses associated with the property or the project. The bid notice also mentions that MTD would anticipate monetary consideration from the selected developer for the lease option agreement.
The bid notice states that the RFQ portion of the submittal will be reviewed based on criteria including, in the following order of importance: recent development experience, knowledge and demonstrated experience with housing development within the central coast and other regions in California, development team's demonstrated substantial financial strength and record of successful experience, project management demonstrated ability to manage design, entitlement, and construction processes, ground lease experience, public agency experience, and community involvement. For the RFP portion, the evaluation will consider MTD's financial return and risk, financial capability and access to financing, experience with similarly sized, mixed income housing projects, evaluation of the development team, evaluation of the conceptual plan, and experience with community involvement.
The bid notice requires development entities to submit information on their legal status, date in business, growth patterns, types of services provided, number of personnel employed, experience with local government permitting agencies, and organization affiliations and licenses. Specific experience in multiunit rental housing development, inclusionary housing, transit-oriented development, working with local decision-making bodies, California Environmental Quality Act (CEQA), project and construction management, financial expertise, and marketing/leaseup is also required.
The bid notice mentions a non-mandatory pre-submittal meeting on Monday, August 31, 2020, at 3:00 PM PDT, which can be attended in person or via video conference.
The deadline for requests for clarifications or changes to the RFQ is Monday, September 14, 2020, at 5:00 PM PDT.
The bid notice states that failure of a candidate to follow instructions may result in rejection or disqualification of its proposal.