Assumptions to Use for Proposal a. Existing Zoning: The intent is for the property to remain under its current C-2 Highway Commercial zoning category. All entitlement and permitting will be completed in accordance with the Town’s codes and standards. No additional General Plan amendment is needed to accommodate the anticipated project. b. Utilities: Offerors are to assume all standard utilities (water, sewer, electric, gas and telecom) are present adjacent to or in vicinity of the site and of sufficient capacities to accommodate the anticipated project. c. Property Disposition: Sale of the property will be contingent upon Town Council approval of (1) a proposal, and (2) a development and disposition agreement, including a purchase agreement. Approval of a selected proposal by Town Council will initiate an approximately 30-day agreement negotiation/due diligence period. If negotiations are successful, the Town Council may consider the negotiated development and disposition agreement, including purchase agreement. If the Town Council approves a development and disposition agreement, including purchase agreement, Offeror will be expected to execute such development and disposition agreement and purchase agreement in the form and substance approved by the Town, and in accordance with the below schedule. d. On-Site Infrastructure: The design, financing and construction of site infrastructure is the responsibility of the Offeror. Proposals may request minimal Town assistance which may or may not be approved
