FEZ Continued Advisory & Developer Solicitation Services To: Barbara Harb, Economic Development Manager
City of Manteca
[email protected]
From: Rob Hunden, CEO, Hunden Partners
213 W Institute Place, Suite 707
Chicago, IL 60610
[email protected]
Date: August 12, 2024
The City of Manteca (Client) is engaging Hunden Partners (Hunden) to provide continued advisory services related to financial and development planning for the future destination development within the Family Entertainment Zone (FEZ or Project) in Manteca, California. Hunden will provide a phased scope of work that will guide the Client through the recommended next steps in the development planning and execution stages. Hunden will continue to work with Convergence Design (CD) to provide refinements to the development concept plan.
Phase I: Case Study Trips and Development Advisory Services Case Study Trips. Hunden will plan and facilitate up to three (3) case study trips to be attended by members of the Hunden team and Client team. These site visits will provide context for the FEZ and how it fits into the larger development landscape and provide valuable benchmarking metrics for the future development of the Project. Hunden will schedule a debrief meeting with the Client to summarize takeaways and implications for the FEZ once all site visits have been completed.
Development Advisory Services. As relevant and requested, Hunden will provide ongoing advisory services necessary to transition the project from research phase to development phase. These tasks will ensure a strong developer solicitation and selection process by providing the most up-to-date and accurate Project details.
Hunden's services may include:
• Participate in and lead virtual and in-person (as necessary) meetings and workshops with the Client and other Key Stakeholders,
■ Provide guidance and input in creating a refined plan for the FEZ, ■ Refine the development concept plan based upon discussions with Client following the Case Study Trips,
■ Update financial projections as necessary,
■ In collaboration with the Client's Financial Advisor/Finance Team, advise on funding options and finance plan for the Project,
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Advise on an implementation strategy and recommended next steps for the development of the Project,
Advise on the most appropriate process for Client to engage a developer or other parties to provide for the design, construction, financing, and operation of the Project and its components. This excludes the work related to the RFQ and RFP process necessary to select a master developer for the Project, which is provided in Hunden's Phase II scope of work, and
Assist with any other related economic development advisory work or analysis as requested by Client.
Note that the implementation strategy may include more than securing a master developer for the Project as outlined in Phase II. Hunden will prepare a separate proposal to assist Client with other work that may be necessary to deliver the entire Project.
Phase II: Master Developer Solicitation and Selection Process •
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Task 1 - Process Kickoff and Orientation
Task 2 - Promotion of Mixed-Use Development Opportunity Task 3 - Creation of RFQ Document
Task 4 - Management of Solicitation Process
Task 5 - Review of the RFQ Submittals
Task 6 - Creation of RFP
Task 7 - Evaluations, In-Person Interviews and Rankings Task 8 - Term Sheet, Negotiations and Ongoing Advisory (billed hourly) Task 1: Process Kickoff and Orientation
Hunden Partners professionals will meet with the Client to confirm the goals of the process and other contextual issues related to the Project. Hunden will perform the following orientation and due-diligenceoriented tasks:
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Obtain information and data from the Client and the City of Manteca, as well as any other appropriate governmental agencies and stakeholders.
Review the previously completed feasibility study and master plan update, and determine which elements of previous reports (or other materials) should be utilized (and updated as necessary) in the RFQ document, as appropriate.
Review Hunden's similar efforts, discuss their attributes, implementation, and approach to determine lessons learned and implications.
Discuss the marketing approach to the RFQ/P effort. Media/press releases can be very beneficial in aiding the promotion of the bidding process, if managed appropriately.
Review Client-specific criteria that will need to be addressed in the RFQ/P process . www.hunden.com 2
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