Date of Appraisal (mm/dd/yyyy): Project Site current appraised value: Project Site purchase price: Yes No Is the purchase price at or below fair market value, supported by an appraisal? If no, explain: Yes No Does the purchase and sale agreement include any provisions for cost escalation that could cause the purchase price to exceed the current appraised value? If yes, explain: Describe any extension fees or earnest deposits provided for in the purchase agreement. (Such fees and deposits should be applicable toward the purchase price.) Contracting Describe the process used by your agency for soliciting bids from and selecting construction contractors (general and subcontractors), consultants, and other professional services to secure competitive fees. What is the project’s proposed WMBE utilization goal? Describe how you plan to address WMBE in your procurement process for construction and non-construction contractors. Please include specifics regarding bid structure, advertising, outreach, etc. If you have already selected members of the development team prior to application (e.g., development consultants, architects, etc.), describe how WMBE considerations were factored into the contracting process.
Date of Appraisal (mm/dd/yyyy): Project Site current appraised value: Project Site purchase price: Yes No Is the purchase price at or below fair market value, supported by an appraisal? If no, explain: Yes No Does the purchase and sale agreement include any provisions for cost escalation that could cause the purchase price to exceed the current appraised value? If yes, explain: Describe any extension fees or earnest deposits provided for in the purchase agreement. (Such fees and deposits should be applicable toward the purchase price.) Contracting Describe the process used by your agency for soliciting bids from and selecting construction contractors (general and subcontractors), consultants, and other professional services to secure competitive fees. What is the project’s proposed WMBE utilization goal? Describe how you plan to address WMBE in your procurement process for construction and non-construction contractors. Please include specifics regarding bid structure, advertising, outreach, etc. If you have already selected members of the development team prior to application (e.g., development consultants, architects, etc.), describe how WMBE considerations were factored into the contracting process.