SANDAG LOGO HERE PLEASE
TO: Interested Firms
FROM: San Diego Association of Governments
SUBJECT: Notification of Request for Qualifications (RFQ 5000380) for
Investment Banking Services
The San Diego Association of Governments (SANDAG) is soliciting proposals from qualified firms for Financial Advisory Services. Proposals are due by 4:00 p.m. Friday April 22, 2005 at 401 B Street Suite 800 San Diego, CA 92101-4231.
SANDAG requires the assistance of Investment Bankers to implement debt financing mechanisms to provide the funding needed to meet the cash flow requirements of projects funded through the TransNet program (On November 2, 2004, voters in San Diego County approved an extension of the _ cent county wide sales tax commencing on April 1, 2008 and continuing for 40 years to April 1, 2048.) The Ordinance and Expenditure Plan for the TransNet Extension includes funding for additional major highway, transit, and local street and road projects, as well as environmental mitigation, smart growth incentives, bicycle and pedestrian facilities and related programs). The specific form of the debt financing would be based on the recommendations of the Financial Advisor coming out of the Plan of Finance update process. This work requires special expertise and experience in a wide range of debt financing tools, knowledge of market conditions and trends, and the ability to implement the proposed financings in a cost-effective manner
A copy of the RFQ has been posted on SANDAGÕs World Wide Web site at www.sandag.org. If your firm is interested, please print the RFP for more information and detail. If you do not have World Wide Web access, a copy of the RFP can be mailed to you.
Please contact Michael Megert, Sr. Contract Administrator, at SANDAG, 401 B Street, Suite 800, San Diego, CA 92101, (619) 699-6982, or e-mail email@example.com if you have any questions or would like this information mailed to you.
Thank you for your interest in providing services to SANDAG
The City of National City
Community Development Commission
NOTICE OF PUBLIC HEARING
The Community Development Commission of the City of National City (CDC) will hold a public hearing after the hour of 6:00 p.m. on Tuesday, April 12, 2005, in the City Council Chambers, Civic Center, 1243 National City Boulevard, National City, California, to consider a proposed lease for portions of the National City Depot, 922 West 23rd Street, National City. Any person interested in this matter may appear at the above time and place and be heard, and/or submit written comments to the CDC at their offices located at 140 East 12th Street, Suite B, National City. Written comments should be received at the CDC offices on or before 5:30 p.m. on Monday, April 11, 2005.
If you challenge the nature of the proposed action in court, you may be limited to raising only those issues you or someone else raised at the public hearing described in this notice, or in written correspondence delivered to the CDC at, or prior to, the public hearing.
At the time of said hearing the CDC will consider a lease to MRW Group, Inc. The property to be leased consists of office space and land to be developed as a parking lot, both of which are located at the site of the National City Depot located at 922 West 23rd Street, National City. The proposed lease is more specifically described as follows:
1. Office space. The office space consists of the southwest corner office on the second floor of the National City Depot, 922 West 23rd Street, National City.
a. The term of the lease of office space will be for a period of six (6) months, with the lessee having an option to renew for three (3) additional six (6) month terms.
b. Rent for the office space shall be One Hundred Dollars ($100) per month.
2. Parking lot. The land to be developed as a parking lot consists of the southern por tion of the National City Depot parking lot located at 922 West 23rd Street, National City, more fully described in Exhibit "A". The purpose of developing the land as a parking lot is to comply with the parking re quirements of the LesseeÕs Marina Gateway Hotel and Commercial Project ("Project") located at 2501 Cleveland Avenue, National City
a. The term of the lease shall be for a period of five (5) years, renewable five (5) times for a period of ten (10) years each renewal, beginning on April 12, 2005. The Lessee agrees to diligently seek an alternative method of accommodating Project parking, and acknowledges that the lease is intended to be temporary, pending an alternate resolution of the ProjectÕs hotel parking shortage. Before the Lessee may exercise the right to renew the lease beyond the initial five (5) year term, it must have demonstrated to the reasonable satisfaction of the Lessor that the Lessee has exhausted all commercially reasonable good faith efforts to se cure alternative parking for the ProjectÕs hotel.
b. The rent for the land to be developed as a parking lot shall be the Fair Market Value of the property, payable on the 1st of each month commencing on the date Building Permits are issued for construction of the Project (Exercise Date). The Lessor, through its Executive Director, and the Lessee shall negotiate in good faith in an effort to mutually agree upon the Fair Market Value of the Parking Premises prior to Exercise Date. If the Lessor and the Lessee do not agree upon the Fair Market Value within sixty (60) days prior to the Exercise Date, they shall thereafter attempt in good faith to mutually choose an MAI appraiser to de termine the Fair Market Value of the Parking Premises used as an improved park ing lot. If the Lessor and the Lessee do not agree upon a mutually acceptable appraiser within forty-five (45) days of the Exercise Date, they shall each appoint their own MAI appraiser and the two appraisers so chosen shall select a third MAI appraiser who would conduct an appraisal and whose determination of Fair Market Value as an improved parking lot would be binding on the parties. All appraisal costs shall be split 50-50 between the Lessor and the Lessee.
COMMUNITY DEVELOPMENT COMMISSION
OF THE CITY OF NATIONAL CITY
By: Benjamin Martinez,
Pub. March 29, April 5-k113633
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