2013.07.09 EDA Packet - Laserfiche WebLink

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REQUEST FOR PROPOSALS HUGO,MINNESOTA I. PURPOSE OF THE REQUEST The City of Hugo is requesting proposals for the development of City owned property in the Bald Eagle Industrial Park(BEIP), information concerning the City's needs is outlined in the following Request for Proposals. II. INTRODUCTION The City of Hugo is a rapidly growing suburb of St. Paul with a present population of approximately 9,000 residents, which is likely to double within the next ten years. Hugo is currently experiencing immense residential growth, having issued 173 residential building permits by the end of March. The key factors driving this growth are the relative availability of undeveloped land, and the close proximity of Hugo to major freeways and downtown St. Paul. The City Council in the mid 1990's made the economic growth and diversification of Hugo's tax base a priority, which resulted in the development of the Bald Eagle Industrial Park (BEEP). The goal in creating the industrial park was to diversify Hugo's tax base through an increase of industry located within Hugo, and to increase the potential for Hugo residents to live and work within the City. Presently, the sites in the park have either been developed or are owned by private developers. The site highlighted in this RFP is the lone remaining City owned parcel, and is a high visibility corner lot located on the main thoroughfare of the industrial park. The City is seeking an experienced and qualified developer to acquire this property and develop it to its highest and best use. The City will provide preference to proposals based on; proposed tenants, full development of site, and the potential for job creation. The City of Hugo has already provided financial assistance in the development of this site, which is reflected in the below market price of the property. The City expects the private development firm to embrace and support the principles demonstrated by the development covenants of the BEIP. In turn, the City is committed to a public/private partnership and a win/win relationship.