Development Timeline The speed at which predevelopment, due diligence, settlement, and construction activity occur will be carefully considered. The project should be able to be completed within twenty-four (24) months of execution of the Purchase and Development Agreement. Properties Required for Development The Land Bank requires proposals that seek to develop all of the Development Site in a comprehensive manner. Compliance with the Land Bank's Disposition Policy The Land Bank's disposition policy can be on the Land Bank's website at www.philadelphialandbank.org. Economic Opportunity Plan The development team should demonstrate their experience working with Certified M/W/DBE firms—defined as Minority Business Enterprises (MBE), Woman Business Enterprises (WBE), or Disabled Business Enterprises (DBE). The Land Bank strongly encourages and promotes the employment of qualified MBE/WBE/DBE firms. If the applicant is a Certified M/W/DBE, please submit information to confirm certification as part of the proposal. Firms must complete the of Philadelphia Economic “City Opportunity Plan” form (Exhibit C). Baseline goals established by the City are (i) 18% MBE and 7% WBE or (ii) 15% MBE and 10% WBE; however, the Land Bank encourages applicants to seek the highest levels of M/W/DBE attainment that is reasonably feasible. In addition, applicants must provide a narrative describing the Developer’s track record in M/W/DBE inclusion. The narrative must discuss the Developer’s plan and track record for engaging minority workforce. Applicants should note whether the applicant itself and/or other key partners, consultants, or contractors who are part of the development team are minority or woman-owned. Consideration will be given to the applicant's Economic Opportunity Plan as compared to the City's baseline goals. X. RESERVATION OF RIGHTS AND DISCLOSURES ALL INFORMATION IN THIS RFP IS PROVIDED INFORMATIONAL PURPOSES ONLY. WHILE EVERY EFFORT HAS BEEN MADE TO ENSURE THE ACCURACY OF THE INFORMATION CONTAINED IN THIS RFP, IT IS NOT, AND SHALL NOT BE CONSTRUED TO BE CONSTITUTE, A REPRESENTATION, WARRANTY OR GUARANTEE BY THE LAND BANK OR THE CITY REGARDING THE CONTENT, COMPLETENESS, OR ACCURACY OF SUCH INFORMATION, OR THE QUALIFICATIONS OR EXPERTISE OF THE INDIVIDUAL(S) OR FIRM(S) PROVIDING OR PREPARING SUCH INFORMATION. EACH APPLICANT SHALL RELY SOLELY ON ITS OWN
Development Timeline The speed at which predevelopment, due diligence, settlement, and construction activity occur will be carefully considered. The project should be able to be completed within twenty-four (24) months of execution of the Purchase and Development Agreement. Properties Required for Development The Land Bank requires proposals that seek to develop all of the Development Site in a comprehensive manner. Compliance with the Land Bank's Disposition Policy The Land Bank's disposition policy can be on the Land Bank's website at www.philadelphialandbank.org. Economic Opportunity Plan The development team should demonstrate their experience working with Certified M/W/DBE firms—defined as Minority Business Enterprises (MBE), Woman Business Enterprises (WBE), or Disabled Business Enterprises (DBE). The Land Bank strongly encourages and promotes the employment of qualified MBE/WBE/DBE firms. If the applicant is a Certified M/W/DBE, please submit information to confirm certification as part of the proposal. Firms must complete the “City of Philadelphia Economic Opportunity Plan” form (Exhibit C). Baseline goals established by the City are (i) 18% MBE and 7% WBE or (ii) 15% MBE and 10% WBE; however, the Land Bank encourages applicants to seek the highest levels of M/W/DBE attainment that is reasonably feasible. In addition, applicants must provide a narrative describing the Developer’s track record in M/W/DBE inclusion. The narrative must discuss the Developer’s plan and track record for engaging minority workforce. Applicants should note whether the applicant itself and/or other key partners, consultants, or contractors who are part of the development team are minority or woman-owned. Consideration will be given to the applicant's Economic Opportunity Plan as compared to the City's baseline goals. X. RESERVATION OF RIGHTS AND DISCLOSURES ALL INFORMATION IN THIS RFP IS PROVIDED INFORMATIONAL PURPOSES ONLY. WHILE EVERY EFFORT HAS BEEN MADE TO ENSURE THE ACCURACY OF THE INFORMATION CONTAINED IN THIS RFP, IT IS NOT, AND SHALL NOT BE CONSTRUED TO BE CONSTITUTE, A REPRESENTATION, WARRANTY OR GUARANTEE BY THE LAND BANK OR THE CITY REGARDING THE CONTENT, COMPLETENESS, OR ACCURACY OF SUCH INFORMATION, OR THE QUALIFICATIONS OR EXPERTISE OF THE INDIVIDUAL(S) OR FIRM(S) PROVIDING OR PREPARING SUCH INFORMATION. EACH APPLICANT SHALL RELY SOLELY ON ITS OWN