Specifications include, but are not limited to: A. Financial Proforma Model Validation (August – November 2022) ● Share Current Market Trends ● Prepare Market / Ratio Analysis ▪ Test Masterplan unit and rent ratios against current market conditions ▪ Develop current Fair Market Rent (FMR) and Fair Market Value (FMV) ● Support Financial Modeling and Options for Balancing the Proforma B. Development Awareness Campaign (August 2022 to Sale / Lease Up) ● Generate Marketing Package ● Socialize Development Opportunities ● Secure Interest of Developers Matching Bloomington Expectations ● Manage Digital Marketing Campaign ● Manage Social Media Campaign ● Ongoing Communication / Reporting to City on Activity ● Progressive marketing package updates at lease up C. Developer RFI Support (August 2022 – November 2022) ● Secure multiple Development Prospects matching Bloomington Expectations ● Create Developer RFI, Secure City Approval and Issue RFI Package Support ● Manage Developer Selection Process including but not limited to RFI Reviews, Assessments, Interviews, and Recommended Selection Interview / Assessment ● Support Facilitation of City Approval Process D. Developer Sale Transaction Management (October 2022 through Sale / Lease Up) ● Brokerage Transaction Services ● Developer Engagement Services ● Transaction Document Generation ● Lease / Sale Process Ownership
