06/03/19 - Co-developer RFQ-2019-2 Results and Recomendations

RFQ- 2019-2 CO-DEVELOPMENT PARTNER FOR NEW CONSTRUCTION DEVELOPMENT IN PANAMA CITY, FL.

Results and Recomendations

In response to the Panama City Housing Authority (PCHA) Request For Qualifications (RFQ) for Co-Developer for PCHA sites in 2019.

The PCHA desires to rebuild, rehabilitate and revitalize sites in Panama City Florida. A Request for Qualifications was developed for this purpose and was approved by the PCHA Board of Commissioners for release to the public.

Advertising for the RFQ was fulfilled through posting on the FAHRO website, the Panama City Newsherald, and outreach by email to the entire membership (89 members) of the Florida Coalition of Affordable Housing Providers (CAHP).

The RFQ solicitation was available on April 18, 2019 and the deadline for submission was on May 9, 2019. A site visit was held on April 25, 2019 which was attended by 14 interested parties.

A list of Questions and Answers were posted on the PCHA website on May 1, 2019.

The submission deadline for the RFQ was by 3:00 pm Central time on May 9, 2019. Six (6) submissions were received prior to the deadline and were scored by the evaluation committee.

The evaluation committee consisted of:

  1. Kim Yates of PCHA
  2. Loretta Jenkins of PCHA
  3. Jane Dixon of TAG Associates, Inc.

Six responses were received, by the dealine, and scored by the evaluation committee:

  1. The Michaels Organization
  2. The NHP Foundation
  3. Royal American Companies JV Invictus Development, LLC
  4. Panama City Redevelopment Partners - Calston Advisors, LLC JV Smith & Henzy Advisory Group, LLC
  5. Hollyhand Development JV Arbour Valley Development Corp
  6. Housing Trust Group, LLC

A shortlist of the top three respondents was compiled and the top three candidates were invited to interview with the scoring committee on May 22, 2019.

The three highest scoring respondents (in no particular order) are:

Royal American Development JV Invictus Development, LLC
Panama City Redevelopment Partners – Calston Advisors, LLC JV Smith & Henzy Advisory Group, LLC
Hollyhand Development JV Arbour Valley Development Corp

Upon completion of the interviews the review committee is recommending extending the opportunity, to partner with PCHA, to two respondents. Both respondents were found to be very qualified and capable in providing the PCHA with the expertise needed to fulfill the mission of the RFQ. Each firm brings something important but different to the table and the review committee agreed that it would be in the PCHA’s best interest to have the expertise of both of these firms. We are looking to have the best team(s) possible for the PCHA to accomplish this enormous undertaking and believe that the two teams chosen can accomplish this task.

RECOMMENDATION: It is the evaluation committee’s recommendation to award this RFQ to, the two top scoring Respondents, Royal American Companies in Joint Venture with Invictus Development, LLC AND Panama City Redevelopment, LLC a Joint Venture Partnership between Calston Advisors, LLC and Smith & Henzy Advisory Group, LLC and to move forward in negotiating the terms of a Master Development Agreement with each Respondent.

NOTE: Upon approval the PCHA will request proposals from each Respondent (Developer) for development options for each site and then assign sites to each developer upon review and assessment. Each developer will be responsible for its assigned sites. It is the intent of the PCHA to act in its best interest while taking into account a fair distribution of opportunities to its partners.

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