City of Arvada: Request for Qualifications for Olde Towne Arvada Master Developer
City of Arvada, Arvada Urban Renewal Authority (AURA) and Regional Transportation District (RTD) 1 March 2013.
Dan Cohen of Urban Investment Group, LLC
c/o AURA 5601 Olde Wadsworth Blvd., Suite 210 Arvada, CO 80002
includes the Arvada RTD Pilot Program which is similar to that of Welton Street.
“• Operations: Once a master plan has been proposed by the Master Developer, RTD staff will review the plans for the Transit Elements to ensure the plans meet RTD’s operational and maintenance needs as well as its construction standards.
• Real Property: RTD’s property was purchased with federal funds, and as such has a “federal interest.” In order to sell its property, RTD will initiate and lead a process to secure from FTA the following: i) disposition instructions from the FTA; ii) determination of “fair market value,” per federal requirements; and iii) retention of continuing control over the Transit Elements.
Disposition of federalized property is allowed only if it is no longer needed for transit use and if the property is appraised and sold at “fair market value.” Once a master plan is developed, RTD will coordinate with the Master Developer to determine which property is excess and will coordinate the disposal with FTA. As noted in Section III.E, above, while the value of the property being sold must be appraised according to federal requirements, proceeds from the sale of the property may be reinvested in the Transit Elements of the Project.
RTD must also demonstrate to the FTA its retention of “continuing control” in the Transit Elements on the Property, meaning a permanent first position property interest (i.e., not subject to higher priority liens that could be foreclosed). This can take a variety of forms, including a permanent easement, fee simple estate with a ground lease or air rights lease, or a condominium interest. As the Project moves forward, RTD will work with the Master Developer to determine the most appropriate form of ownership that meets these requirements and is best suited to the Project.
• Environmental: Any changes to the plan that was analyzed in the EIS, including the location of the elevator and the pro- vision of surface parking, require environmental evaluation by FTA. RTD has initiated discussions with FTA regarding these planned changes and will lead the process to secure FTA approval.
• Joint Development: If federal funds will be mixed with private funding sources and RTD Transit Elements are co-located with private uses (e.g., a shared-use parking structure), the FTA may need to approve a joint development application that shows the breakdown of public transit use vs. private use and federal vs. private investment. page 17
The EOC will be utilizing a website to share information concerning the Project and this solicitation. The Project website address is www.oldetowntod.org. The Project website provides a number of documents in addition to a copy of this RFQ. It will also include notices concerning important dates and events. Prospective Respondents are encouraged to check the site regularly for new information and updates. page 25″