Downtown Depot Request for Proposals (RFP)

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Downtown Depot Downtown Depot Site from Grant Avenue

City of Novato Historic Train Depot RFP

Opportunity

Buy or lease a .88-acre parcel on the site of the Downtown SMART station and the historic Train Depot building.


Location

The City-owned Depot site is located at 695 Grant Avenue, Downtown Novato, CA at the corner of Grant and Railroad Avenues in Downtown Novato. The site is identified as Marin County Assessor's Parcel Number APN 153-057-22.


Preferred Uses

Responders may propose any use that is compatible with Downtown Novato and the surrounding area. The Community's vision and ideas for the parcel are detailed in this document and included in Appendix A.


Financial Requirements

Fair market value, as evidenced by a preliminary residual land value analysis, and a demonstrated financial capacity to complete the proposed redevelopment of the parcel. The proposal, at a minimum, should be revenue neutral to the City. This includes all costs of construction, operation, and maintenance of the Depot site and all buildings, operations, and installations. However, all financial models will be considered.


Selection Process

Proposals will be evaluated based on their satisfaction of stated selection criteria and on community input. Complete proposals received by October 1, 2018 will be given first consideration. Proposals will be welcomed after that date until the property is successfully sold or leased.


Conveyance

The City will consider any conveyance, including purchase, ground lease or use agreement.


Initial Deposit Required

Refundable earnest money deposit of $5,000 due at time of proposal submittal.


Additional Payment Required

An additional non-refundable fee required of $25,000 for proposals selected for exclusive negotiations.


Site Tours

The City will offer site tours in August and September 2018. Dates for tours are TBD and will be posted on this website when scheduled and can be requested by contacting City staff listed above. Questions should be submitted via email before close of business on Monday, August 13, 2018 to econdev@novato.org. Both questions and answers will be posted on novato.org/downtowndepotrfp.

Complete proposals are due by end of business on October 1, 2018.

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