27-0030 Conceptual Phase PPEA Proposals Renwick Complex Adaptive Reuse Final

The City of Fredericksburg is soliciting Conceptual Phase Public-Private Partnership Encouragement Act (PPEA) proposals for the adaptive reuse of the Renwick Complex in Virginia. This two-phase selection process begins with a review of conceptual proposals to identify those that align with the City's vision, followed by a detailed proposal phase. The final award will be granted to the highest-ranking offeror based on a weighted evaluation of qualifications and experience (40 percent), project characteristics (20 percent), project financing (20 percent), and project benefit and compatibility (20 percent). The selection is subject to City Council approval. Proposals must be submitted electronically by December 13, 2026, and must adhere to specific formatting requirements, including 12-point font and a structured table of contents. The contract is governed by Virginia law, with the Circuit Court of the City of Fredericksburg serving as the exclusive venue. Key terms include a 30-day cure period for defaults, a requirement for contractors to be licensed in the Commonwealth of Virginia, and a five-year record retention policy. The City maintains the right to terminate the contract for any reason with 30 days' notice or if funds are not appropriated by June 30. All project plans must be submitted to the Virginia Department of Historic Resources if historic tax credits are utilized.