development uses, parking and circulation, landscaping and other siteimprovements, and relationship to surrounding land uses. The Proposalshould also include project renderings with images of proposed buildingelevations and façades and a development program delineating the squarefootage of commercial uses and the number and size of housing units bytenure.2.
– For the Park & Ride lot, DART anticipates the successfulProposer will enter into a long-term land lease for the development project. The lease value will be based on the current appraised value of the propertybased on an independent appraisal conducted by DART at the time of acontract. The actual lease rate is negotiable based on verification of projectfeasibility and the developer’s ability to receive a fair and equitable return fordeveloping and operating the project.For all sites, the proposal shall include a development pro forma for at least aten-year period, sources and uses of finances, and an ongoing investmentprogram for capital expenditures, if applicable.3.
Relevant Project Experience
The City and DART are seeking a developerwith experience developing TOD or other mixed-use infill developmentprojects.4.
The City and DART will require the Proposer toprovide evidence of its capability to develop the proposed project including asummary of previous projects, references, history of litigation, and existingand prior contracts with the City of Dallas and DART, if applicable.5.
The Proposal shall provide evidence of theProposer’s financial capability to develop, finance and operate the proposedproject, including a description of the entity’s type of business, referencesfrom banks or lenders, history of litigation and audited financial statements.6.
Transit Operations Plan, If Applicable
– If the Proposal includes DART-owned property (including the development pad site and/or existing DARTPark & Ride lot), the Proposal shall include a plan to address the provision of safe and efficient transit operations during both project construction andupon project completion.7.
Parking Replacement, If Applicable
– If the Proposal includes DARTowned property (including the development pad site and/or existing DARTPark & Ride lot), the Proposal shall include a plan to replace any Park & Ridespaces lost for development determined by DART to be needed for futuretransit service.
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