Sale of 140.9 acres in Falcon Heights, MN (University of Minnesota Golf Course)

The University of Minnesota is requesting proposals for the purchase of the University Golf Course, a 140.9-acre property located in Falcon Heights, MN. The university is seeking a buyer who will develop the property in a manner consistent with the City of Falcon Heights' vision. The proposal should include a financial proposal, a planned strategy to develop the property, and demonstrated experience and capacity to complete the development. The university will evaluate proposals based on the following criteria: financial proposal (35%), planned strategy to develop the property (25%), demonstrated experience and capacity to complete the development (25%), and proposed terms and conditions of sale (15%). Some key points to consider: • The property is currently used as an 18-hole golf course and driving range. • The university will reserve an easement for guy wires that support the university's radio antenna tower. • The property is being sold "as is," with no warranties made or implied by the university. • The selected respondent will be responsible for all future property taxes and special assessments as of the date of close. • The university reserves the right to make any investigations necessary to assure that the respondents are properly qualified to satisfactorily consummate the transaction.