18.1. Lease Value and Management 18.1.1. The leasing of public property to the private sector is governed by the laws of the State of Indiana. These laws require that Indy Parks may not accept any amounts less than fair market value as determined by two (2) independent qualified appraisals. Respondents must submit the amount that they are willing to pay for leasehold interest. 18.1.2. Appraisals for this property have been obtained by Indy Parks and the City will not disclose the fair market values of these properties as a part of this RFP. 18.1.3. Lease value amounts shall be calculated and submitted by respondents based upon an annual basis. Payments shall be made monthly. Tennant may provide programs to youth at Indy Park Facilities and training to Indy Parks employees and may be in lieu of a portion of rent. 18.1.4. The term of the lease may be up to 20 years. 18.1.5. Vendor must demonstrate efficient and effective financial management experience. 18.1.6. Vendor shall show they have finances to manage facility. Vendor shall submit any proposed upgrades / renovations along with the time line and phases of the improvements. 18.2. Objectives 18.2.1. Ensuring operationally reliable, effective, and qualified ideas in leasing, developing commercial/recreational projects, and/or other design plans for the property. 18.2.2. Tenant activities and programs should always reflect well on Indy Parks and Recreation and the City of Indianapolis. 18.3. Specifications 18.3.1. The specifications listed below are a description of the property that is available for lease from Indy Parks. 18.3.2. Property A: 6040 Delong Road, Indianapolis, IN 46254 • 8,197 Sq. foot facility on 2 acres Property B: 7350 Eagle Beach Drive, Indianapolis, IN 46254 • 8,754 Sq. ft. facility on 2.25 acres 18.3.3. Approximate area of the land is outlined in the arial photo below.
