The firm or team of firms will be required to complete the following work: 1. Market study 2. Public outreach to Hancock residents (particularly low- and moderate-income households) and nearby employers to gather input on how to scope this project to best meet community needs 3. Basic pro forma analysis for various development options 4. Recommendations on the kinds, numbers, sizes, and buyer/renter price points of units to build on this site, as well as possible mechanisms for ensuring perpetual affordability and verifying income eligibility of future residents of the site. These recommendations will be informed by community input, market conditions, financial projections, and physical constraints on development (e.g., well/septic capacity, topography, floodplain, access, archaeological and architectural concerns, etc.). 5. To help the Town visualize what is possible for this site, provide a proposed conceptual site plan showing building locations, access, and traffic flow. 6. For your recommended approach to developing this site, provide rough cost estimates for architectural and engineering work and for construction. Also, provide a summary of possible funding sources and strategies. This information will assist the Town in planning for the next steps of this process. 7. Regular communication with the Project Coordinator to facilitate Town input on the study and to keep all parties appraised of progress.
