Part 1: Disposition Process Workflow Steps

1. Review available properties using Redevelopment Parcel Map. Found on gary.gov/redevelopment. You may need to check with zoning department for project area verification.
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2. Applicant Completes & Submits Online LOI Application. Detailed Project Narrative, required PINs or Acreage, and Development Timeline.
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3. Staff reviews application against Comprehensive Plan.
   Ensures alignment with City's long-term vision. May involve consult with planning and zoning department.
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4. Request permission to RFP property from the Gary Redevelopment Commission
   Request presented at public meeting.
   • Applicant completes Part 2 Application.
   • Submit non-refundable application fee.
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5. GRC Posts RFP for Acquisition.
   Publicly advertised for competitive bidding.
   
6. Evaluate all bids received, GRC will pick the most responsive and responsible bidder. Evaluated against 'What We Look For' checklist.
   
7. Gary Redevelopment Commission (GRC) Vote.
   Awards bid or denies all proposals.
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   [Denied / No Bids] 30-Day Quiet Period.
   GRC can subsequently negotiate with any interested party.
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   [Awarded] Land Closing & Title Transfer.
   Final legal documents executed and property deed transferred.

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Part 2: Proposal Checklist (What We Look For)

We look for in a sound project proposal...

1. Project Foundation
   · Detailed Site Plan & Land Use Diagram
   · Comprehensive Business Plan & Market Feasibility Study
   · Resumes, Portfolios, and Past Project References
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2. Financial and Investment Details
   · Project Pro-Forma (Intended Revenue & Operating Costs)
   · Detailed Capital Stack (Outline all funding sources: debt, equity, grants)
   · Specific identified gap (if applicable) and plans to address
   · Verification of Financial and Investment references
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3. Community and Economic Impact
   · Vision (Proposed Land Use, Estimated Project Cost)
   · Economic Benefits (# of Projected Permanent and Construction Jobs)
   · Detailed Project Execution Schedule and Milestones
   · New Section: Community Benefits Agreement (CBA) draft (if applicable) and explicit thoughtfulness to Local Community Needs
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Additional Compliance Items

• New Item: Current Good Standing with City Tax and Utility records.
• New Item: Evidence of Development and/or Design Team qualifications.

*Note on Appraisals: Successful bidders may be required to cover a portion of city-ordered appraisal costs as part of the final closing process, as determined by GRC policy.

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