Competitive Solicitation Number: E-ITN67-013

Title: Public Private Partnership for Wolfsonian-FIU Annex and Surface Parking Lot (1538/1500 Lenox Avenue, Miami Beach, FL 33139)

Proposals will be received on:

DATE AND TIME: October 23, 2017 at 2:00 P.M. E.S.T.

Submit Proposals to:

ELECTRONIC SUBMISSION (PREFERRED):

DemandStar (www.demandstar.com)

or

SEALED ENVELOPE SUBMISSION:

FLORIDA INTERNATIONAL UNIVERSITY

PURCHASING SERVICES

Modesto Maidique Campus

11200 SW 8th Street

Campus Support Complex – CSC 411

Miami, FL 33199

PROPOSAL DOCUMENT DOWNLOAD

***To download a copy of this Competitive Solicitation Document, Addenda or public meeting announcements, please visit the Purchasing Services website at: http://bids.fiu.edu/default.aspx, where you will be prompted to go to Demandstar.com by Onvia by clicking on Competitive Solicitations Currently Available, or visit www.demandstar.com directly.

STATEMENT OF OBJECTIVE:

This competitive solicitation is an invitation to negotiate (ITN) with The Florida International University Board of Trustees (hereinafter referred to as “FIU” or as the “University”) to enable FIU to enter into a Sublease (hereinafter defined) with a Respondent (hereinafter defined) to sublease, rehabilitate and develop the Wolfsonian—FIU Annex (the “Annex”), located at 1538 Lenox Avenue, Miami Beach, Florida 33139, and/or the Surface Parking Lot (the “Surface Lot”), located at 1500 Lenox Avenue, Miami Beach, Florida 33139 (the Annex and the Surface Lot shall be referred to as the “Properties” when referred to collectively). FIU would prefer Successful Respondent’s proposal to include the rehabilitation and development of both the Annex and Surface Lot, but FIU will accept and evaluate proposals for either the Annex or Surface Lot, and in such case the word “Properties” as used in this ITN shall mean the individual property, as applicable.

The Properties are owned by the State of Florida Board of Trustees of the Internal Improvement Trust Fund (TIITF) and leased to FIU under FIU’s master lease with TIITF, Lease No. 2727 (the “Master Lease”). The initial term of the Sublease will be up to a maximum of forty (40) years of full rental payments, and the Successful Respondent (hereinafter defined) will have the option to renew for two (2) additional five (5) year terms subject to University approval. The initial term of the Sublease and the Successful Respondent’s performance thereunder is expected to begin on May 1, 2018. Notwithstanding the foregoing, in no event shall the term of the Sublease exceed the term of the Master Lease.

FIU wishes to form a joint venture with a private commercial entity to realize this objective, thus forming a Public Private Partnership (P3). The Properties listed above represent the capital investment that FIU will offer to the Partnership. It is FIU’s expectation that the successful respondent will offer the capital funds required to improve the Properties to allow the maximum value from rent and other revenues based on the uses for which the Properties are improved and developed. The Successful Respondent is expected to develop their response understanding that FIU can make no additional capital investment in the Properties, but FIU has an expectation to receive a share of the rent and revenues earned from the uses for which the Properties are improved and developed.

 
Invitation to Negotiate will be opened at the below address at 02:00 P.M., October 23, 2017.
 
Please direct all questions to:
Kelly Loll
Phone: (305) 348-1246
 
11200 SW 8th Street
CSC 411
Miami FL, 33199
 
Email: kloll@fiu.edu
 
Any person with a disability requiring special accommodations at the pre-solicitation conference and/or bid/proposal opening shall contact purchasing at the phone number above at least five (5) working days prior to the event. If you are hearing or speech impaired, please contact this office by using the Florida Relay Services which can be reached at 1 (800) 955-8771 (TDD).
 
The Department reserves the right to reject any and all bids or accept minor irregularities in the best interest of the State of Florida.
 
Certified Business Enterprises are encouraged to participate in the solicitation process.