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Request for Proposals to Purchase and Develop City Owned Buildings Located in TIF District No. 1.
The City of Pontiac is requesting proposals from developers who may be interested in acquiring, developing and using certain buildings and real estate owned by the City and located within a tax increment finance (TIF) district known as TIF District No. 1.

The City presently owns three buildings which are being offered for sale and which are legally described as follows:

Tract No. 1
209 W. Madison St.
209 West Madison St
Parcel A

The West 24 feet 1 inch of the East 40 feet of Lot 7, in Block 43 of the Original Town, now City of Pontiac, Livingston County, Illinois.

Parcel B

Part of Lot 5 of the Subdivision of Lots 1 and 2 of Block 43 of the Original Town, now City of Pontiac, in Livingston County, Illinois, described as follows: Beginning at a point on the South line of said Lot 5 of said Subdivision, which point is at the intersection of the West line of the West 24 feet 1 inch of the East 40 feet, of Lot 7 in said Block 43, with the South line of said Lot 5 running; thence East 8 feet to a point; thence North 8 feet to a point; thence West to the West line of said Lot 5; thence South 8 feet to the Southwest corner of said Lot 5; thence East along the South line of said Lot 5 to the Point of Beginning.

Index No. 15-22-403-018

Commonly known as 209 W. Madison Street, Pontiac, IL 61764 

Tract No. 2
211 W. Madison St.
211 West Madison Street
The West 20 feet of Lot 7 in Block 43 of the Original Town, now City of Pontiac, Livingston County, Illinois.

Index No. 15-22-403-017

Commonly known as 211 W. Madison Street, Pontiac, IL  61764

Tract No. 3
213 W. Madison St.
213 West Madison Street
The East 20 feet of Lot 6 in Block 43 of the Original Town, now City of Pontiac, Livingston County, Illinois

Index No. 15-22-403-016

Commonly known as 213 West Madison Street, Pontiac, IL  61764

All of the above buildings and real estate are situated in the Central Business District of the City and are assigned a B-2 (Central Business District) zoning classification.

Use requirements and restrictions applicable to all proposals:

1. Each proposal shall provide for the first floor of the building to be used for some retail purpose which is a permitted use in the zoning district and the building. Second floors may be utilized for residential purposes, but conversions to residential uses will be subject to City approval of architectural plans for the conversion meeting all applicable codes and regulations, with particular attention paid to fire protection, fire separation and egress requirements.  

2.  The premises shall not be used for a tavern or bar or any other business where more than fifty percent of sales revenue is generated through the sale of alcoholic liquors for consumption on premises.

3.  The premises shall not be used for any form of gambling.

The real estate shall be conveyed by the City subject to restrictive covenants that will run with the title imposing the foregoing restrictions on the Grantee and future owners of the premises.  

Proposals must be received by the City Administrator at the address set forth below no later than 4:00 p.m., Central Time, August 1, 2017 and will be opened at the regular City Council meeting on August 7, 2017 at 7:00 p.m.  Proposals shall be sealed and clearly marked on outside of proposal package "TIF 1 RFP Response."  Said proposal shall contain at a minimum the following information:

1. A statement identifying the building as to which the proposal is being made by the tract number and building address.

2.  Description of the project being proposed and the proposed use or uses of the building.

3. Estimated size and cost of proposed project.

4. General schedule for project.

5. Developer background and financial capability to successfully complete the project.

6. Offer amount to purchase the building and real estate including the offer price and any other terms and conditions of the offer, if any.

7.  Contact person.

    

The City also reserves the right to reject any and all proposals, to waive informalities, and to select the proposal and developer for each tract that, in the City's sole discretion, is the best fit for the central business district and is in the best interest of the City of Pontiac and its residents.

The City reserves the unconditional right to:

  • Publically disclose all the terms of the disposition and all bids and proposals made in response to this RFP;

  • Amend, modify or withdraw this RFP;

  • Revise any requirements under this RFP;

  • Require supplemental statements of information from any responding party;

  • Extend the deadline for submission of responses to this RFP;

  • Negotiate or hold discussions with all parties responding to the RFP;

  • Waive any nonconformity with the Request for Proposal; and 

  • Cancel, in whole or in part, this RFP, if the City deems it is in its best interest to do so.

The City may exercise the foregoing rights at any time without notice and without liability to any bidder or any other party for its expenses incurred in the preparation of responses hereto or otherwise.  Responses hereto will be prepared at the sole cost and expenses of the bidder.  

The RFP does not commit the City to select a developer, to pay the cost incurred in preparation of any response hereto, or to contract for the sale or lease of the land described herein.  Nothing stated at any time by any representative of the City will effect a change in or constitute an addition to this RFP unless confirmed in writing by the City.  

Questions regarding the property and requests for appointments to examine the buildings shall be directed to:

Bob Karls
City Administrator
City of Pontiac
115 W. Howard Street
Pontiac, IL  61764
Telephone (815) 844-3396

Interested persons are encouraged to notify the City of their interest so they can be placed on a contact list to receive additional information and notifications of any modifications to this RFP.

Dated this 4th day of May, 2017

Robert M. Karls
City Administrator