Specifications include, but are not limited to: Identify and apply for project funding, as needed. Identify the needs and necessary actions for the relocation of residents, provide relocation plans subject to federal and state regulations and the approval of HAPB, and implement approved relocation plans. Provide development and operating budgets. Work with an architect on undertaking and conducting environmental and geotechnical testing and an analysis of the condition of existing utilities at the site. Work with an architect on a plan including street layout and common area facilities based on the Master Plan. Consider retail options and services in the overall redevelopment of the 44+/- acres. Design and construction of all infrastructure and site improvements. Provide genuine training and employment opportunities to Section 3 individuals. Ensure significant participation by D/M/WBE and Section 3 firms throughout the development by ensuring that the D/M/WBE and Section 3 requirements set forth on Exhibit A to this RFQ are satisfied. Develop a construction strategy and a development implementation schedule. Work with the HAPB and its development & financial consultant ("TAG Associates, Inc.") to create detailed development and operating budgets. The selected Co-Developer will be required to expand and to update the budgets throughout the development process. Provide regular monthly reports to the HAPB on the progress of the development efforts, including work already completed associated costs, schedule, and budgetary requirements. Work with the HAPB and its legal team (“Fox Rothschild”) to create an ownership structure for the development which may include an affiliate of the HAPB as a general partner or managing member. Obtain financing, using Low-Income Housing Tax Credits ("LIHTC"), HOME Funds, Community Development Block Grant Funds, State Housing Initiatives Partnership ("SHIP") program funds, State Apartment Incentive Loan ("SAIL") program funds, and other public or private funding sources, to develop the property. The Co-Developer shall guarantee to HAPB the lien free completion of construction of the Development in compliance with the Development Schedule and the Development Budget. The Co-Developer, and not HAPB or any HAPB affiliate, shall be responsible to the LIHTC investor for all construction cost overruns, timely completion of construction or the recapture of any LIHTCs. The Co-Developer shall provide all guarantees required by the LIHTC investor and any lender. The Co-Developer shall be responsible for any adjustment to the equity provided by the LIHTC investor arising out of an adjustment in basis, or timing or delivery of units. Oversee the design, construction, and quality control of the development. Procure the construction contractor. Select subcontractors. Provide all required operating and financing guarantees to the HAPB and other lending institutions. Obtain all required building permits and zoning approvals. Work with the HAPB and its staff, as applicable, to undertake all marketing and lease up efforts. Attend meetings with residents, Local Government, and Community.
