More McHenry County Blog

The fifth page discusses the development possibilities and evaluation criteria.

Apparently, considerable discussion has already occurred with potential developers. The RFQ mentions the city's perspective "has expanded as it has discussed a wide variety of options internally and with deveoplers who have expressed interest in the site."

But, the instructions stress,

Above all, the City seeks to assure that the redevelopment of the site will include the publicly accessible beach, marina and waterfront amenities.

A beginning vision is outlined next:

1. A commercial activity center adjacent to the public recreation uses that includes destination restaurants, recreation, and recreation-oriented retailing,

2. Mid-rise condominiums on the uplands and luxury townhomes cascading down the slopes of the site, and

3. Redevelopment of adjacent property (on US 14 and Main Street) reoriented toward the lake, in a mix of restaurants, hotel, banquet and conferencing facilities which will take advantage of overviews.

As to evaluation critieria, here is what is listed:

Experience of the Development Team with projects of similar scope.

Indicated understanding of the Vulcan Lake Center concept, project scope, and goals and objectives of the City as evidenced by the contents and quality of the proposal submitted.

Developer's demonstrated capability to plan, finance and successfully carry out the development program.

Financial ability to complete the project as designed.

A demonstrated capacity and commitment to quality control, and cost control.

Makeup of the Team and specific experience of individuals assigned.

Familiarity of the firm with the project area, including environmental consideration, comunity characteristics, and local real estate markets.

Developer's vision or strategy for the development.

Click to enlarge page.