The purpose of this Request for Qualifications (RFQ) is to solicit qualifications to hire an experienced firm or individuals for the purpose of acting as the City of Temple Terrace and Temple Terrace Redevelopment Agency’s (collectively “TTRA”)) agent in the marketing and development of real property owned by the City. The TTRA is interested in developing the City owned properties in the City’s Redevelopment District to assist with redevelopment efforts.
Scope of Work
The individual or firm selected to act as the TTRA’s agent will be responsible for the following services, including but not limited to:
- Research regarding real estate development opportunities for City owned properties;
- Assisting in determining valuation of property;
- Marketing of the property and dissemination of accompanying RFP(s);
- Financial Analysis of each RFP response received;
- Property sale negotiations;
- Related services that the TTRA may request once agreed upon by both parties.
The RFQ shall require the responding firm or individual to provide, identify and describe the structure of compensation for services rendered. The RFQ shall consider various compensation scenarios whether in the form of a retainer, broker fee and/or ground lease arrangement.
The City of Temple Terrace is governed by a 5 member City Council and its Mayor. The Temple Terrace Redevelopment Agency is governed by a 5 member Board (comprised of members of City Council) and a chairman (the City’s Mayor). Revenue is generated by the Redevelopment Agency for projects through Tax Increment Financing.
The TTRA engages in various programs and projects to accomplish its goal to redevelop its commercial areas. Activities include capital improvement projects such as infrastructure, streetscape and parking, economic development and more.
All responses must be delivered or mailed to:
Temple Terrace Redevelopment Agency
Attn: Cheryl Mooney, City Clerk
11250 North 56th Street, Temple Terrace, Florida 33617
Additional information is available at: http://www.templeterrace.com/193/Redevelopment
To view the full RFQ, click here.