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City and Borough of Wrangell·Alaska

Request for Proposal for Land Development

Closes 5/22/2014$500k – $2MRequest for Proposal
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Description

The City and Borough of Wrangell is seeking developers or contractors to submit proposals for the acquisition and development of all or part of a 134‑acre municipal parcel located within the City of Wrangell. The goal is to create a community‑benefiting use that expands the tax base and provides local employment. Proposals must include developer qualifications, a summary of the development concept, anticipated community benefits, purchase price terms, a detailed action plan (construction cost estimate, schedule, site‑preparation, utility development, phasing, parking, and any requested incentives), and a draft development agreement. The solicitation does not prescribe a specific land‑use; mixed‑use, residential, commercial, tourism, or industrial concepts are all acceptable subject to rezoning from the current “Holding” district. The City will evaluate proposals based on completeness, experience, community impact, and financial feasibility, and reserves the right to reject all proposals or negotiate after the deadline. • 134‑acre parcel (≈ 122 acre undeveloped forest + 12 acre previously developed) within Wrangell city limits. • No fixed budget; developers propose a purchase price and may request tax abatements or infrastructure incentives. • Required submission elements: qualifications, concept overview, benefits analysis, cost & schedule, incentive request, draft agreement. • Deadline for questions: April 30 2014; final proposal deadline: May 22 2014, 5 pm AK time. • Contact: Kim Lane, Borough Clerk ([email protected], (907) 874‑2381).

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Kim Lane(Borough Clerk)

[email protected]

(907) 874-2381

Key dates

Opened
2/13/2014
Questions due
4/30/2014
Closes
5/22/2014

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
531312

Budget estimate

$500,000 – $2,000,000

No explicit contract value is disclosed. The City expects the developer to negotiate a purchase price (the 2013 appraisal valued the parcel at $1.625 million) and to fund all development costs. Assuming a moderate‑scale mixed‑use project (e.g., 30–50 housing units, limited commercial space, site work, infrastructure upgrades), total development expenditures could range from $5 million to $15 million, with the developer’s profit margin typically 10‑20 %. This suggests a potential fee or profit component for the winning firm in the low‑six‑figure to low‑seven‑figure range, roughly $500,000–$2,000,000, depending on scope, financing, and any negotiated incentives.

AI estimate from the solicitation

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