Enhanced Use Leasing Project - Exchange North

The Government has identified certain real property on Joint Base Charleston (JB CHS) available for leasing, in whole or in part, consisting of an approximately 76 acre parcel as more approximately depicted in the attached Appendix A (the "Land"). The Land contains certain Government-owned improvements and personal property more expressly described in Section 1.3.1.1 (collectively, the "Existing Improvements") that will, unless otherwise provided in this RFQ, be leased to the Highest Ranked Offeror (the "HRO") upon execution of the Lease. The Land and Existing Improvements are hereinafter collectively referred to as, the "Leased Premises". Any additional improvements and personal property to be constructed and/or placed on the Leased Premises by the HRO (collectively, the "EUL Improvements") shall be owned, operated, and maintained by the HRO in accordance with the Lease. The Government is looking to the Offerors to determine a means of maximizing the value of the Leased Premises by constructing and/or placing EUL Improvements on, developing and operating all of the Leased Premises for commercial/light industrial office park or aerospace industry-related uses in conformance with the requirements set forth in Section 3 (collectively, the "Project"). Upon selection, the Offeror will finalize plans for development and operation of the Project in a manner that is acceptable to the Government. As used herein the term "HRO" shall include any successors or assigns of the HRO approved by the Government or, in the event that the Government terminates negotiations with an HRO as set forth herein, then the term "HRO" shall mean the new or subsequent HRO the Government may select (if any). 1.3 EUL GOALS The goals of the Project are to identify the Offeror who can best: Develop a successful, long-term, mutually beneficial business relationship with the Government; Maximize the value of the Project to the Government within the constraints and restrictions identified by the RFQ; Design and develop the Project in a manner that is compatible with Government uses on land located adjacent to the Leased Premises; Design, construct, finance, own, operate, maintain and manage the Project consistent with best commercial practices as determined by the Government; Deliver consideration to the Government in an amount not less than the fair market value of the leasehold interest in the Leased Premises; and Maintain positive relations with local governmental authorities and the communities adjacent to the Project. Execute a Project timeline, acceptable to the Government. 1.3.1 Project Concept The Project involves a non-Federal Acquisition Regulation (FAR) real estate transaction with the HRO, under which the Government proposes to lease the Leased Premises as described in Sections 1.3.1.1 and 1.3.1.2 to the HRO 'AS IS'/'WHERE IS' for the Lease Term as described in Section 1.3.2. The HRO shall obtain any necessary financing, and design, construct, operate, maintain and manage the Project for the Lease Term (as hereinafter defined). The HRO shall provide the Government cash and/or in-kind consideration in an amount that is not less than the fair market value of the leasehold interest in the Leased Premises. 1.3.1.1 Existing Improvements At the Lease execution, the Government will lease the Leased Premises, described in this Section and Section 1.3.1.2. Any restrictions specific to individual facilities are identified in Sections 2.0 and 3.0. Table 1 below provides a list of the facilities to be leased to the HRO. Table 1 - Existing Improvements by Area FACILITY SQUARE FOOTAGE YEARS BUILT Exchange North consists of vacant land TOTAL 0 1.3.1.2 Leased Land At Lease execution, the Government will lease approximately 76 contiguous acres of land to the HRO consisting of one parcel as identified in the following table: Table 2 - Acreage of the Leased Land LAND AREA APPROXIMATE ACRES Exchange North 76