The City of Hopkinsville is seeking proposals for the acquisition and redevelopment of property located at 9th and Main Streets. Developers are encouraged to submit proposals for a two to four-story building with ground-floor commercial space and upper-story residential units, though other concepts are welcome. Proposals must include a purchase price, development plan, and estimated construction cost. Questions regarding the RFP are due by May 27, 2026. Proposals are due by July 1, 2026. The selection criteria include land use, developer's track record, financial ability, construction schedule, need for city assistance, design conformance, and proposed acquisition price. A site tour is optional and scheduled for April 30, 2026. Developers are responsible for any necessary site work, including environmental remediation and geotechnical exploration. A non-refundable certified check of $5,**** is required with the binding letter of intent.
The bid notice states that all responses must be received by July 1, 2026, at 3:00 pm CT for consideration. Late responses will not be reviewed or considered.
The bid notice states that upon receipt and acceptance of the binding letter of intent, the city will provide a development agreement to the selected developer within thirty 30 days. The developer will tender to the city a certified check in the amount of 10% of the agreed upon purchase price. Closing will be held in Hopkinsville, Kentucky, within one hundred twenty 120 days. The developer will address the real estate taxes and any transfer taxes associated with the property.
The bid notice states that the city has identified the following criteria to evaluate responses to this RFP: land use and impact on the downtown area and the city overall; developers track record for similar projects; financial ability to complete the project; construction schedule; need for city financial assistance including downtown incentives; conformance with design guidelines; and proposed property acquisition price.
The bid notice states that proposal requirements are designed to establish the developers overall capacity to complete this project and meet the requirements and obligations associated with the purchase of the land. This includes a cover letter, development team information with qualifications and experience, project narrative with initial design, and financial capacity details.
The bid notice states that if the developer defaults, the city may agree to retain the deposit money as liquidated damages, as the parties agree that the amount of the transaction fee is a reasonable settlement of the city's damages and is not a penalty. The city may also recover for out-of-pocket costs related to this agreement, recover for loss of bargain, or make a claim against the developer for specific performance.
The bid notice states that a site tour is optional and scheduled for April 30, 2026, at 3:00 pm.
The bid notice states that questions will be taken until May 27, 2026, at 12:00 pm CT.