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4 <br />LA515-1-859254.v2 <br />J. Schedule <br /> March 8, 2023 Request for Proposals Issued <br /> April 13, 2023, 3:00 p.m. Proposals due <br />May 2023(estimate) Economic Development Authority Review of <br />Proposals and Recommendation to the City <br />Council <br /> June 6 or 20, 2023(estimate) City Council Selection <br />K. Questions <br />All questions or requests for clarification should be submitted in writing via email to <br />khandt@lakeelmo.org. The City shall not be responsible for the delay in the transmission <br />of any request for clarification or other communication. The City will make all questions and <br />answers available to all interested parties. <br />L. Conflict of Interest <br />Any respondent who has a conflict of interest or potential conflict of interest shall disclose <br />the same in its offer. The City will review any potential conflicts of interest in its evaluation <br />of the proposals. <br />IV. SUBMISSION REQUIREMENTS <br />A. Required Content <br />At a minimum, the following information must be included in all proposals: <br />1. Cover Letter <br />The respondent must submit a cover letter committing the respondent to <br />purchasing the Property on the terms and conditions set forth in this RFP and <br />providing information regarding the respondent’s intended use of the Property. <br /> <br />2. Offer to Purchase <br />The respondent must complete the Offer to Purchase Property form as is with no <br />changes or alterations (attached as Exhibit 1). <br /> <br />In addition to purchase price, all proposals must include information related to: <br /> <br />a. How the property is intended to be developed? <br />b. When does the respondent intend to develop the property? <br />c. How much will the proposed development increase the taxable value of the <br />property? <br />d. How many jobs (both permanent and construction jobs) will be created by the