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~ <br />negotiate the land purchase price and payment terms based on this appraisai. <br />Based on successful compietion of the Disposition and Development Agreement ~ <br />(DDA) phase, the Committee will recommend final approvai of the Development <br />Team to Tri-Met. Upon Tri-Met approval, the Development Team and Tri-Met wiil <br />enter into a DDA that will: <br />• establish the offer and payment schedule for the land <br />• document the agreed upon schematic design <br />• describe the terms and conditions for land conveyance <br />Terms and conditions of the DDA are further described in Appendix 6. <br />Project schedu/e <br />The schedule for selection, negotiation, project design and construction is as follows: <br />Date Action <br />May 16, 1997 Release RFP <br />June 3, 1997 (1 1:30 am) Informational meeting <br />June 13, 1997, (12:00 noon) Responses due <br />June 18, 1997 Notify selected development teams for interviews <br /> and site visits <br />June 30, 1997 Development team interviews <br />July 3-August 1, 1997 <br />Au <br />ust 8 <br />1997 MOU negotiation ~ <br />g <br />, Recommended Development Team conditionally <br />appro ved <br />August 8-Octobzr 8, 1997 DDA negotiation period <br />February 1, 1998 Design Contract Documents complete <br />June 1, 1998 Building Permit obtained <br />February 1, 1999 Construction complete <br />Other <br />The Committee reserves the right to modify the selection process or other aspects of <br />this RFP at its sole discretion. The Committee wifl attempt to notify all persons who <br />have been mailed RFP materials of modifications, as applicable. However, it remains the <br />r~sponsibility of the Development Team to request and obtain any modifications from <br />the Committee. The Committee reserves the right to reject any or all submittals in <br />response to this Request for Proposals for any reason or for no raason. <br />Development teams are encouraged to contact the Project Manager prior to submittal of <br />Proposal. Any questions regarding this Request for Proposals should be directed to: <br />Thomasina Gabriele <br />GaaRiELE DEVELOPMENT S~RVICES <br />3334 NW Vaughn <br />Portland, OR 97210 <br />Tel. (503) 227-4968 Fax. (503) 228-3572 ~ <br />RecJt~est for Propos~tls Page 8 <br />