NOTICE OF OFFERING: REAL ESTATE FOR SALE Notice is hereby given by the Whitestown Redevelopment Commission (Commission) that on Tuesday, September 6, 2016 at 6:30 p.m. local time (EDT), at the Whitestown Municipal Complex, 6210 Veterans Drive, Whitestown, Indiana 46075, the Commission will open and consider written offers for the purchase and redevelopment of certain real estate with an address of 345 South Bowers Street, Whitestown, Indiana 46075 (the Property). The Commission is willing to entertain proposals for the purchase of the Property for the purposes described in this notice. Responsible offers should consist of cash and meet the conditions set forth below. Legal Description and Property Information A.The real estate to be sold has an address of 345 South Bowers Street, Whitestown, Indiana 46075 and the following legal description: Lots numbered Fifteen (15), Sixteen (16), and Seventeen (17) in Bucks Second Addition to the Town of Whitestown, Boone County, Indiana, as per plat thereof recorded in Plat Book 3, page 20, in the Office of the Recorder of Boone County, Indiana. NOTE: For purposes of the preparation of this description, no surveys of the described real estate were performed and no monuments were set. Legal descriptions are from Boone County public records. B.The real estate is zoned General Business (GB). C.A map showing the location of the Property is attached to the Offering Sheet. Offering Packet and Bid Deadline Offering packets may be picked up in the Whitestown Municipal Complex between the hours of 8:00 a.m. and 4:00 p.m. weekdays beginning on August 19, 2016, or may be sent electronically upon request. Please direct questions about receiving packets to Dax Norton, Town Manager, (317) 732-4530 or by email at Dnorton@whitestown.in.gov. Items included in the Offering Packet are: This Notice of Offering Offering Sheet, and Instructions to Bidders. All offers must be filed with the Commission no later than 4:00 p.m. EDT on September 6, 2016 and shall be in the form described in the Instructions to Bidders. Proposals submitted or received after that date may not be considered. Responses may be delivered before said deadline to the Commission at the above address, attention: Dax Norton. Development Standards and Limitations 1.The Property is currently a vacant and abandoned former high school building structure. The Commission envisions that the property will be rehabilitated and returned to successful use as a full-service community restaurant or similar commercial facility. The Commission expects the successful bidder to rehabilitate the property, with an additional commitment from the bidder for $500,000 of construction investment costs net of the purchase price. 2.The Commission is interested in development proposals which seek to rehabilitate the Property and transform it into a full-service community restaurant (no fast food or drive through) or similar commercial facility in a manner that helps attract other investment in the Whitestown Legacy Core. Proposals must include a business plan with the bid packet. 3.The successful bidder must enter into an Economic Development Agreement with the Commission with the stipulation, among other requirements, that within one year of the signed Economic Development Agreement the successful bidder must have completed its redevelopment of the Property and commenced operating its business or businesses at the Property. Additional terms and requirements will be explained in the Economic Development Agreement. 4.A bid submitted by a trust (as defined in Indiana Code 30-4-1-1(a)) must identify each beneficiary of the trust and each settlor empowered to revoke or modify the trust. Selection The Commission reserves the right to reject any or all offers. Offers must consist of consideration in the form of cash. The Commission may only consider offers from bidders who have submitted full and complete bid packets. In determining the best offer, the Commission may take into account price and other considerations; the timing of the transaction and redevelopment of the Property; source of debt and equity funds; development resume; any existing relationships with parties related to the approval process (Parties); the proposed redevelopment plan and future uses; the scope of investigation/discussion with Parties; how the offer and intended use(s) contribute to the revitalization of the surrounding area; and any other statutory criteria in Indiana Code 36-7-14-22. A successful bidder may be required to show proof of financing of up to three (3) times the offering price. The successful bidder must demonstrate that they are a responsible property owner. A successful bidder will be required to enter into an economic development agreement with the Commission with respect to these and other matters. For a period of (30) days after the opening of the written offers, no sale may be made at a price less than that shown on the offering sheet. After that, the Commission may adjust the offering price and other terms in the manner the Commission considers necessary to further the redevelopment of the Property. This notice is given pursuant to Indiana 36-7-14-22(d) and Indiana Code 5-3-1-2(e). Dated August 22, 2016 WHITESTOWN REDEVELOPMENT COMMISSION TLR-436 08/23 & 30 #1230429 hspaxlp
↧