Specifications include, but are not limited to: identify a developer with the interest, resources, and experience to purchase and develop the property into a desirable addition to Mid-town Pearl. The preferred developer would be expected to enter into funding and development agreements and sign a purchase contract with the City consistent with the parameters and goals for the development described within this RFP that would lead to a mutually agreeable development plan. The funding agreement will be used to establish a deposit made the developer to pay the costs and expenses of the City related to the negotiation and implementation of the purchase contact, the development agreement and incentives for the project. The City reserves the right to select attorneys and other consultants as it deems necessary to help with the negotiation of the development agreement and related purchase contract. The development plan would include details such as a proposed site plan, types of uses, and a development schedule. If the City and the preferred developer are unable to reach mutual agreement, the City may select another qualified developer from the RFP respondents.
