218 WESTERN AVE, ALBANY SEALED BID FORM

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1 JUNE 2015 Instructions to Bidders BIDS DUE JULY 6th, 2015 Albany County is soliciting bids on the structure located at 218 Western Avenue in Albany, Tax Map Number , also known as The Rice Building. Bids must be submitted in sealed envelopes, no electronic submissions will be accepted. The assessed value of this parcel is listed as $1,058,900 and a MINIMUM BID AMOUNT of $750, will be REQUIRED. The County will consider proposed use and neighborhood impact in the evaluation process. Please fill in all sections completely. Bid forms with missing data may be rejected as noncompliant submissions. There are currently operating businesses at this location. BIDDER INFORMATION Contact and DEED Info Bidder Name as it will appear on the County Deed if your Bid is Approved: Current USPS Mailing Address: Phone Number: PARCEL INFORMATION and BID AMOUNT OFFERED Tax Map # MINIMUM BID: $ ADDRESS: The Rice Building, 218 Western Avenue Bid Amount: Funds to be paid over to County at closing Investment Amount: Funds needed to complete project proposed in this document I have made an on-site inspection of this property I have reviewed the County s Property Folder in FINANCE at 112 State Street

2 SECTION ONE PROPOSED PROJECT Check all that apply: Project Description (check all that apply): Rehabilitation/Repair Planned Project result will be Owner Occupied Demolition of Structure Planned Project result will be Rental Property Property will be used for Commercial Purposes (explain below) Former Tenants will be offered one-year leases after purchase from County New Commercial Use Planned will result in evicting current businesses after purchase from County (Provide Short Description of Proposed Project, attach additional materials as needed)

3 REHABILITATION PLAN BUDGET Please develop an itemized estimate of anticipated rehabilitation or construction costs based on the Cost Estimate Outline below. Material Costs must be provided separately from labor costs. Additional expenses may be added, as needed: EXTERIOR ESTIMATED COSTS MATERIAL COST LABOR COST Exterior Walls/Cornice Roof Landscaping Other: 218 WESTERN AVE, ALBANY SEALED BID FORM INTERIOR Joist or beam repairs Wall & ceiling repairs Electric Heating Plumbing Window repairs Door repairs Stairways & railings Attic/sidewall Floor repairs SECTION ONE PROPOSED PROJECT COSTS OTHER ESTIMATED MATERIAL COSTS: $ (Please enter this sum as directed to RFB page one ) ESTIMATED LABOR COSTS: $ (Please enter this sum as directed to RFB page one ) (Please attach additional pages as needed to explain your investment plan)

4 SECTION TWO Bidder Information All Bidders MUST fill in this section: Have you previously purchased a property from Albany County? Check all that apply: Yes, I still own that property (ies): now owner-occupied (enter number) now rental property (enter number) Yes, but I have sold that property. Date of Sale: No, I am a first-time bidder Parcel Bid Information (check all that apply): I own a property within the City of Albany I own a property within the County This is my first investment within Albany County Commercial Management/Ownership Background (check all that apply): I have owned or operated a business within Albany County If Checked, LOCATION(S): Date(s) of Operation If bidding as an LLC, or other incorporation: I am authorized to bid on behalf of this entity (attach approval on Company Letterhead) I am the sole owner/operator of this company/llc Financing Source of Funds 1. Personal Funds: $ 2. Company or Partnership Funds $ 3. Bank Financing: $ 4. Grant Funds/Donations $

5 Please estimate the length of time needed to complete this project Project will be completed within 6 months of deed transfer (1/2 year) Project will be completed within 12 months of deed transfer (1 year) Project will be completed within 18 months of deed transfer (1½ years) Project will be completed within 24 months of deed transfer (2 years) OTHER timeframe specified: SECTION THREE QUALIFICATIONS AND EXPERIENCE Final Project will be handicap accessible per Federal ADA guidelines: YES NO UNKNOWN QUALIFICATIONS/EXPERIENCE attach details of previous experience in completing similar projects. Include key personnel involved in project, references and, if possible, provide photographs. (attach additional pages as needed )

6 SECTION FOUR OTHER PROPERTY OWNERSHIP PROPERTY OWNERSHIP DISCLOSURE-ALL BIDDERS Comprehensive List of Properties Owned by Applicant*: You must list all properties that you own, as well as any property owned by any business in which you have at least a 10% interest. Failure to list all properties owned may result in rejection of bid. Name on Deed: Single Owner Multiple Owners Business Interest % Street Address of Parcel City/Town Tax Map Number Class Code Name on Deed: Single Owner Multiple Owners Business Interest % Street Address of Parcel City/Town Tax Map Number Class Code Name on Deed: Single Owner Multiple Owners Business Interest % Street Address of Parcel City/Town Tax Map Number Class Code *Attach as many pages as needed to fully disclose all properties owned in Albany County.

7 Evaluation Criteria Guidelines of Analysis The Commissioner of Management and Budget and/or his designee(s) will perform a review of submissions and will take those materials into consideration of best long term impact on the County taxpayer. A rating of 1-5 will be assigned on the basis of the materials submitted and weighted as follows: Cash Value of Bid Amount Paid at Closing 60% Bidder experience with Projected Use 25% Ownership of Property within Albany County 15% SECTION FIVE Overview of Terms Those recommendations will be forwarded for review and approval. All sales are subject to approval by the Albany County Executive and the Albany County Legislature. The County Executive and/or the County Legislature may reject any sale for any reason. The winning bid must be approved via Legislative Resolution. Parcels Sold AS-IS, WHERE-IS Bidders must certify that they have inspected the property on-site and examined the property folders at 112 State Street. Parcels are sold via Quit Claim Deed. Closings will be within 45 days of the approval of the legislative resolution awarding the winning bid. Deposits Due Deposits will be due from the recommended bidder ONLY upon notification of that status. The deposit must be received prior to July 24th, 2015 unless directed otherwise by the County. Non-Collusive Bidding Certification All bidders will be required to sign an affidavit stating that they have not adjusted or withdrawn bids related to any other offer on the subject parcel. Title Searches The County strongly recommends bidders order a title search and obtain title insurance once notified that they are the recommended bidder. The County s in rem title search is contained in the Property File for review. Terms and Conditions In submitting a bid on this parcel, the bidder is accepting the terms and conditions as posted on-line at This bid is offered via the process defined in item #8, free and clear of all property and school taxes levied prior to January 1, 2015 Bidders will be responsible for any unpaid water, school, or property taxes due to the City of Albany, the Albany City School District, and/or the Albany Water Board if unpaid at closing. Deliver Sealed Bids by July 6th, 2015 Please deliver the sealed bids to the Division of Finance, Room 1360, 112 State Street, Albany NY 12207