The Falls Landing Mixed-Use Development Project will transform underutilized land into a vibrant, mixed-used space in historic downtown Jeffersonville, Indiana. Notice is hereby given that the Jeffersonville Redevelopment Commission (“hereinafter “Commission”) will offer for sale and accept sealed written proposals for the project, consisting of approximately 8.0 acres, more or less, located at the following addresses:
211 W Court Avenue, 214 W Court Avenue, 217 W Court Avenue, 712 Indiana Avenue, 714 Indiana Avenue, 927 Indiana Ave., 212 W Maple Street, 214 W Maple Street, 222 W Maple Street, 224 W Maple Street, 620 Michigan Avenue, 628 Michigan Avenue, 629 Michigan Avenue, 707 Michigan Avenue, 713 Michigan Avenue, 721 Michigan Avenue, 725 Michigan Avenue, 707 Ohio Avenue, 715 Ohio Avenue, 719 Ohio Avenue, 724 Ohio Avenue, 727 Ohio Avenue, 728 Ohio Avenue, 729 Ohio Avenue, 805 Ohio Avenue, 807 Ohio Avenue, 813 Ohio Avenue, 815 Ohio Avenue, 817 Ohio Avenue, 219 Pearl Street, 231 Pearl Street, 723 Spring Street, 839 Spring Street, 955 Spring Street, 200 W 8th Street, and 600 W 9th Street.
in Jeffersonville, Indiana, the description of which will be provided by the Jeffersonville Redevelopment (hereinafter “property”). The Commission is seeking proposals for the best use and development of the property to include commercial, retail, residential with an arts and cultural component. Located in the historic downtown area, the land is connected to the Big Four Pedestrian Bridge and Park Plaza, which connects Jeffersonville to Louisville, Kentucky. The objective of the Falls Landing Mixed-Use Development Project is to transform underutilized land into a vital, urban fabric of the city with a diverse range of residential, retail and other commercial uses.
The details regarding the purchase price for said property may be proposed by the developer in whatever configuration is deemed appropriate. In the event that lease payments are calculated using gross sales, the Commission may require that the developer submit copies of annual tax returns in order that accurate rent calculations may be made. Furthermore, the Commission may, at any time, employ its own auditor to examine the developer's financial records regarding this project. No proposal shall be considered for a lease period of less than ten (10) years.
Further instructions and information regarding submission of proposals may be obtained at the office of the Jeffersonville Department of Redevelopment, 500 Quartermaster Court, Jeffersonville, Indiana, 47130 or www.cityofjeff.net. Developer agrees to obtain all licenses, permits, etc., including liquor license, necessary for successful construction and operation of developer’s proposed project. Proposals must be submitted on or before May 29, 2013, to the Jeffersonville Department of Redevelopment. This submission deadline will not be extended. All proposals must be received at or before 2:00 p.m. to be considered, at which time proposals will be opened and read aloud. The decision of the Commission regarding the proposals received will be announced during a Regular Redevelopment Commission Meeting on or after May 29, 2013 at 6 p.m. in the Mayor’s Conference Room, 500 Quartermaster Court, Jeffersonville, Indiana.
Developers are permitted to respond as individual entities or as teams. Developers are permitted to respond to a single site, subset of sites or the entire project.
In determining what is considered to be the most appropriate proposal, the Commission shall weigh the following factors, among others: amount of purchase price or base rent; the aesthetic and architectural quality of the developer's proposed improvement plans; the financial investment to be made at the site; the ability of the proposal to be compatible with and complement the overall project area plan; the proposed time schedule for undertaking improvements and opening the business; the ability to undertake the proposed project based on the developer's past experience and financial resources; and the best interest of the community from the standpoint of social and economic welfare.
The Commission shall reserve the right to accept a proposal, subject to negotiations or the approval of more detailed information concerning the proposed plans; or after the opening of the proposals, acceptance of a proposal may be delayed pending a request for an oral presentation by one or more of the developers at other meetings of the Commission. Furthermore, the Commission reserves the right to reject any and all proposals.