CITY OF EXIRA, IOWA

REQUEST FOR PROPOSALS (RFP)

Sale and Redevelopment of 100 N. Cottage Street

​

I. INTRODUCTION The City of Exira, Iowa invites qualified individuals or entities to submit redevelopment proposals for the purchase and redevelopment of the property located at: 100 N. Cottage Street, Exira, IA 50076, which can be legally described as: Lot 16, in Block “B”, in Exira heights, an Addition to the City of Exira, Audubon County, Iowa. The City acquired this property through condemnation and has removed the former structure. The site is now a vacant 51.5' x 165' lot totaling approximately 8,498 square feet (0.20 acres) in a residential neighborhood. The City seeks to return this parcel to productive use consistent with the goals of its urban renewal plan and comprehensive land use plan.

 

II. SUBMISSION REQUIREMENTS All proposals must include the following information: 1. Proposed Use of the Property. Describe the intended use (e.g., single-family home, duplex, or another permitted residential use). If applicable, specify the zoning compliance and any anticipated variances or approvals needed. 2. Improvement Plans. Describe any building improvements, new construction, or rehabilitation plans, including timelines for commencement and completion. Sketches, plans, or architectural drawings are encouraged but not required. 3. Development Costs. Provide an estimated budget for all construction or redevelopment activities, including materials, labor, permitting, and site preparation. 4. Purchase Price Offer. State the purchase price offered for the property. 5. Qualifications and Experience. Briefly describe the proposer’s experience with similar development or construction projects, if any.

 

III. SELECTION PROCESS This sale is governed by the competitive disposition procedures in Iowa Code § 403.8. Proposals will be evaluated based on the following criteria:  Consistency with the City’s urban renewal objectives;  Feasibility of the proposed use and development timeline;  Financial and legal ability of the proposer to complete the project;  Amount of the purchase offer;  Overall public benefit to the City of Exira. The City reserves the right to negotiate with any proposer, reject any or all proposals, and waive informalities or technicalities in the proposal process. Notice of intent to accept a proposal will be filed with the governing body not less than thirty (30) days prior to acceptance.

 

IV. CONDITIONS OF SALE 1. Property will be sold subject to covenants and conditions deemed necessary to fulfill the City’s urban renewal objectives. 2. The successful proposer may be required to complete improvements within a reasonable time period. 3. The City may require reversionary clauses or development agreements ensuring performance. 4. Title will not transfer until all conditions of the purchase agreement are met, including execution of a development agreement and payment in full.

​

V. ADDITIONAL INFORMATION Interested parties may obtain additional information by contacting: City Clerk City of Exira cityclerk@exiraiowa.com 712-268-2187