The Developer will be responsible for the following: 1. Evaluating the existing analyses concerning the proposed Hotel and conducting or commissioning any additional required analyses. 2. Forming a competent development team experienced in the development, financing, design, construction, implementation, branding, and operational management of convention-oriented hotels, especially those in mixed-use, urban environments. 3. Establishing a public-private partnership that aligns the economic, operational, and connectivity goals of the Owner with those of the selected private-sector development entity. This includes the Developer's expertise in creating facility use agreements and convention center hotel booking policies. 4. Securing financing for the Hotel with a mix of equity and debt, acknowledging both the cyclical nature of the lodging industry and the high-visibility location of the Project within the downtown Bloomington site. 5. Evaluate potential sites and make final site selection with Owner engagement. Negotiate and/or purchase any and all land required for proposed hotel development, including necessary Right-of-Way approvals for any above grade connections. 6. Compliance all code and zoning regulations, including but not limited to the City of Bloomington Uniform Development Ordinance and other related local ordinances such as LEED, 1% for Art, etc.
