24.37 ACRES OF VACANT LAND

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1 24.37 ACRES OF VACANT LAND You ve got priorities. We have a lot to offer.

2 Is the second largest county in the state of Arizona and the fifth largest in the country. In the 2010 census Mohave County was reported to have a population of 200,186, with 50% between the ages of 25 and Acres Parcel # Located in Kingman AZ: Access to I-40 Located along CANAMEX corridor T he Kingman subregion has the highest population density of the three major cities within Mohave County at 28.9 persons per square mile, whom compose a total of 24,063 households, with a household size of 2.6. Approximately 52% of these households earn between $15,000 to $50,000. Population in area is 66,268 according to the 2010 US Census. Internationally recognized trade route brining the economies of the U.S Mexico, and Canada Joint project of Arizona, Nevada, Idaho, Utah, and Montana Planned development of continuous four-lane roadway from Mexico through the US CANAMEX states, into Canada. The Kingman Economic Sub- Region contains the most diversity of the three major cities in Mohave County, and hosts significant industry concentrations in manufacturing, transportation and logistics, aviation, healthcare, and tourism.

3 1. Introduction and Background The County of Mohave, Arizona, is making available approximately acres of vacant, developable land ( Property ) located in the heart of Kingman across from Centennial Park in Kingman, Arizona, for sale, long-term lease, or other publicprivate partnerships allowed under State law. The property has been rezoned with the City of Kingman to Commercial: Service Business (C-3). The goal of this offering is to receive proposals for the development of the Property which will maximize ground lease revenue for the Mohave County General Fund. The County of Mohave, Arizona, is authorized to enter into a long-term lease of the Property in accordance with A.R.S ( Authorizing Legislation ) which provides for the long term lease of County lands and/or buildings; and A.R.S ( Authorizing Legislation ) which provides for the sale of public property. Through the Mohave County Economic Development Department, the property described below is offered for development either through sale or a long-term ground lease agreement, for a term not to exceed twenty-five (25) years plus an option to renew for an additional period not exceeding twenty-five (25) years, with the developer who, at the sole discretion of the County, offers the highest and most certain return to the County to meet its organizational goals. The selected developer will be responsible for all costs of development. 2. Property Description The County of Mohave, Arizona, is making available approximately acres of vacant developable land ( Property ) located in the heart of Kingman across from Centennial Park in Kingman, Arizona, for long-term lease, sale, or public-private partnership allowed under State law. The actual legal description of the parcel will be based upon a survey to be completed by the selected developer. 3. Evaluation and Selection Each proposal should include enough detail for the County to determine the viability and revenue opportunity that the development concept represents. Each proposal should also provide discussion on how the concept proposal provides the County with the best opportunity to meets its objective of maximizing revenue from the Property. The County may contact a developer for additional information and/or clarification on submitted proposals. The County will enter into exclusive negotiations with the developer, who, in the sole discretion of the County, represents the best opportunity for the County to meet its objectives of maximizing revenue from the Property. The process should not be interpreted as a bid process. The County reserves the right to make its selection based on its sole and absolute discretion, and the County reserves the right to reject any or all proposals at any time for any reason.

4 14. Proposal Requirements Cover Letter Submit an introductory cover letter addressing developers development experience and past projects similar in nature to the Property s development, as well as a summary overview of the developers conceptual approach to developing the Property with emphasis on elements that support project feasibility (i.e., cost, income, financing, marketing, and return projections for both developer and the County. Proposals suggesting anything other than a fixed ground lease should address the County s risk-reward of any participatory ground lease terms. The developer should also identify the form of probable development entity (corporation, LLC, LLP, etc.). Body of Proposal Expanded support on elements summarized in the Cover Letter. Discussion may include, but is not limited to: Current market conditions (i.e., lease rates, vacancy, concessions, absorption, etc.); Physical details of concept project to include scale, scope, size and mix; General discussion on concept project s compliance with local land use restrictions and the overall entitlement and permitting process; Identification of building coverage / net rentable area; Project phasing; Development schedule (through stabilized occupancy); Ground lease terms; Development cost estimates; Form of development entity (corporation, LLC, LLP, etc.); Specific sources of equity, construction financing, and permanent financing; Equity position and financing terms; Ground lease income type (i.e., fixed ground rent, participation, etc.); Developer s fee, etc.; Projected lease-up and operating pro-forma; economic projections (cost, equity positions, financing (sources & structure), development pro- forma, operating pro-forma, rates of return (County and developer), etc.; Statement of financial qualifications, including a recent balance sheet and income statement; Discussion of County s return on a ground lease to include risk vs. reward and payment position (in relation to developer s return, development fee, and debt).

5 5. Financial Terms and Conditions Please note that the County will not subordinate the land to any financing position. The County will choose to negotiate a lease agreement with the developer who poses the best opportunity for the County to meet its objectives of generating the highest revenue return to the County over the term of the ground lease. 6. Due Diligence and Inspection of the Property It is the responsibility of the developer, at its sole cost and expense, to undertake such investigations as the developer may deem necessary in connection with the condition of the Property and the appropriateness of the Property for the developer s intended use. 7. Representations and Warranties The County obtained the information contained within this offering from sources deemed reliable. However, the County makes no guarantees, warranties, or representations nor expresses or implies any opinion concerning the accuracy or completeness of the information provided. It is furnished solely as an aid to parties interested in the Property. Interested parties are responsible for undertaking all necessary investigations on and off the Property. Developer should represent and warrant to the County that the Statements contained in their proposal are true and correct as of the date of the proposal and shall be true and correct as of the execution of the ground lease, and the truth and accuracy of such Statements shall constitute a condition to all County s obligations under this proposal. Developer further warrants that developer has all requisite authority and power to make this offer on the terms and conditions as herein contained. 8. Indemnification and Hold Harmless Developer shall defend, indemnify, and hold County harmless from and against any and all claims, liabilities, obligations, losses, damages, costs and expenses, including, but not limited to attorney s fees, court costs and litigation expenses, that the County may incur or sustain by reason of or in connection with any misrepresentation made by the selected developer pursuant to this offering and any ultimate agreement. 9. Acknowledgement The presentation of the proposal creates no obligation or commitment on the part of the County to accept a proposal or ground lease agreement. 10. Where to Submit Concept Proposals Proposals should be addressed to: Mohave County Economic Development Department 3250 E. Kino Avenue, 2 nd Floor Kingman, Arizona 86409

6 Kingman is located in northwestern Arizona at the intersection of Interstate 40 and U.S. 93. Situated in the Hualapai Valley between the Cerbat and Hualapai Mountain Ranges, Kingman was established in the early 1880s by Lewis Kingman who located the route of the Santa Fe Railway. It has served as county seat of Mohave County since Historic Route 66, which runs through Kingman, offers the longest remaining preserved stretch of old U.S. Route 66 left in the United States. The Powerhouse Visitor Center and other sites of interest are located along Historic Route 66 in the heart of Kingman. A REDI accredited community Basic Information Founded: 1880 Distance to Major Cities: Incorporated: 1952 Phoenix: 183 miles Elevation: 3,345 Los Angeles: 318 miles Located in Mohave County Nearby Highways: HWYS I-40; US 93; SR 66; SR 68 Population 2010 Kingman CCD 66,268 Mohave County 200,186 Arizona 6,392,017 Sources: Arizona Department of Commerce and US Census Bureau Principal Economic Activities Kingman is a regional trade, service and distribution center for northwestern Arizona. Its proximity to Los Angeles, Las Vegas, Phoenix, Laughlin and the Grand Canyon West has made manufacturing, distribution/logistics, and arts and entertainment leading industries. The fully developed rail-served Kingman Industrial Park, with reasonable land costs, attracts manufacturers and distributors who wish to serve the Western states. The city is also close to the I-40 Industrial Corridor. County Employment 2010 Trade, Transportation, and Utilities 10,300 Government 8,200 Educational and Health Services 8,100 Leisure and Hospitality 5,900 Mining and Construction 2,500 Professional and Business Services 3,400 Manufacturing 2,700 Financial Activities 1,700 Other Services 2,000 Information 800 Source: Mohave County Economic Development; Figures are organized under the North American Industrial Classification System (NAICS). Private Employers Kingman Regional Medical Center Chrysler Arizona Proving Ground American Woodmark Corp. Laron Engineering Nucor Steel Public Employers County of Mohave Mohave Community College Kingman Unified School District City of Kingman Labor Force Data 2010 Civilian Labor Force 21,334 Unemployed 2069 Unemployment Rate July % Source: Arizona Commerce Authority Growth Indicators New Bldg. Permits Taxable Sales ($) 159 million million million Net Assessed Value ($) 65.4 million million million Sources: Arizona State University; Arizona Commerce Authority Scenic Attractions The scenic mountains around the Kingman area, including the Hualapai Mountains and Cerbat Mountains, offer hiking, picnicking, camping, and other outdoor activities. Grand Canyon West/Skywalk offers spectacular Grand Canyon views. The Kingman and the Colorado River areas offer recreational and historical attractions as do several ghost towns in the area. Water recreation also plays a central role. The Colorado River forms the western boundary of Mohave County. With an estimated 1,000 miles of fresh water shoreline within Mohave County along the Colorado River and Lakes Havasu, Mohave, and Mead the area is nicknamed Arizona s West Coast. Kingman has a Multiple Resource Historic District with a developed walking tour and district map which can be seen at Locomotive Park. Other interesting attractions in and around Kingman include Historic Route 66, Grand Canyon Caverns, and Keepers of the Wild.

7 Community Facilities Kingman offers a broad range of community facilities, including resource centers, senior center, museum, and library. Recreational facilities include: 10 parks, numerous exercise facilities, two swimming pools, numerous lighted tennis, racquetball, shuffleboard and horseshoe courts, two golf courses, and a bowling alley. Educational Institutions Public Private Elementary Y Y Middle School Y Y High School Y Y Post Graduate Y N Financial Number of banks: 10 Government Fire Department: City of Kingman Fire Department Law Enforcement: City of Kingman Police Department Airports Contact Kingman Airport & Industrial Park Daily commuter air service to Phoenix available on Great Lakes Airlines. Medical Kingman has numerous medical facilities. Hotel & Lodging Contact the Kingman Chamber of Commerce Industrial Properties: There are two industrial parks. One four miles from town at the Kingman Airport. 4,500 acres zoned industrial, served by rail, air, and interstate highway with all utilities available. The I-40 Industrial Corridor is also west of city limits. Utilities Electricity Unisource Energy (Kingman) Natural Gas Unisource Energy (Kingman) Telephone Cellular One (Kingman) Telephone Frontier Communications (Kingman) Telephone Mohave Wireless Telephone Sprint Water & Sewer City of Kingman Water & Sewer Cable Providers: Y Digital Switching Station: Y Internet Service Provider: Y Cable Internet Service Provider: Y Fiber Optics: Y Taxes Property Tax Rate Elementary/High Schools City/Fire District Countywide Totals Source: MCEDD; County Assessors Office Note: Tax rate per $100 assessed valuation Sales Tax 2010 City 2.00% County 0.25% State 6.60% Sources: City of Kingman; Mohave County Economic Development Dept. Weather Avg. Low ( F) Avg. High ( F) Precip. (in.) January February March April May June July August September October November December Source: Western Regional Climate Center Western Regional Climate Center, wrcc@dri.edu. This profile was prepared by the Mohave County Economic Development Department in cooperation with local sources. For further information contact: Kingman Area Chamber of Commerce 120 W. Andy Devine Ave. Kingman, AZ Phone: pwilkenson@kingmanchamber.org Website: City of Kingman Development Services 201 N. 4th St. Kingman, AZ Phone: gjeppson@cityofkingman.gov Website: E. Kino Ave., 2 nd Floor, Kingman, AZ Phone: Fax: Web: Kingman Airport Authority 7000 Flightline Drive Kingman, AZ Phone: kaaecondev@citlink.net