1. Slack Street & Grand Avenue Housing Public-private Partnership
Pre-Proposal Conference
July 13, 2016

2. Slack Street & Grand Avenue Housing public-private partnership
Welcome and Introductions
Revised Schedule
Solicitation Review
Q&A
Closing
Resources

3. Welcome Cynthia Vizcaino Villa
Senior Vice President for Administration and Finance
Dru Zachmeyer
Assistant Vice President, Strategic Business Services
Greg Gotthardt
Alvarez & Marsal

4. Introductions

5. INTRODUCTIONS
CAL POLY TEAM Jessica Darin Associate Vice President and Chief of Staff (Office of the President) Juanita Holler Associate Vice President for Facilities Management and Development Joel Neel Director of Facilities Planning and Capital Projects Cody VanDorn Executive Director, Strategic Business Services

6. REVISED SCHEDULE

7. REVISED SCHEDULE DEADLINE Deadline for Written RFP Questions
DEADLINE
Deadline for Written RFP Questions
August 19, 2016 – 3:00pm PST
University Responses to Written Questions
July 29, (1st round)
Aug. 26, 2016 (2nd round)
Proposal Due Date
September 9, 2016 – 3:00pm PST
Oral Interviews (optional)
Week of September 19, 2016
Developer Selection
September 2016

8. Solicitation Review

9. SOLICITATION REVIEW

10. SOLICITATION REVIEW
Site Characteristics – Usable Area
About 21.8 gross acres
Usable area impacted by:
Slope, increasing towards eastern boundary
Blue-line stream and riparian area
Cal Poly expects respondents to use their development expertise to determine the optimal development plan representing the highest and best use
No known environmental or soils issues but the site has not been subject to detailed studies
Environmental studies and approvals will be the responsibility of the developer
Cal Poly will accept no liability for any environmental conditions

11. SOLICITATION REVIEW
Site Characteristics – Utilities Access
Utilities are available near the site
Cal Poly preliminary estimate is about $950,000 to bring all utility connections to the site
You should assume that utilities will be provided at market rates based on the City of SLO and PG&E rate structures
Cal Poly may provide some or all of the utilities directly – this will be determined during exclusive negotiations
Any project cost avoidance from Cal Poly-provided utilities (such as impact, tap, connection fees) will accrue to the benefit of Cal Poly in the form of increased lease payment

12. SOLICITATION REVIEW
Land Use and Project Approvals
The CSU is the lead agency for compliance with CEQA
This project is being incorporated into the overall Master Plan Update CEQA process, which is expected to facilitate approval
CEQA approval of the Master Plan update is currently anticipated in spring/summer 2017
Developer is responsible for the costs of preparing CEQA documentation related specifically to the project
Developer will be responsible for off-site transportation infrastructure costs specifically related to this project – the amount of which is determined through analysis in the CEQA document

13. SOLICITATION REVIEW
Land Use and Project Approvals (continued)
Developer will work with the university to obtain approval of CEQA documentation, the master plan update, schematic approval, final construction documents approval (including State Fire Marshal, DSA-for disabled access), construction documents plan check, building permits, and certificate of occupancy
CSU Board of Trustees approves the final development plan for the public- private partnership

14. SOLICITATION REVIEW
Development Objective and Standards
Maximize development potential at the Site within the context of site constraints, and to ensure that the facility is well maintained and adequately funded throughout the life of the partnership
Selected Developer is expected to build a high-quality project. Development standards include, but are not limited to:
High-quality construction for all improvements
Energy efficient and environmentally friendly design that qualifies for LEED Gold certification.
Attractive building exterior whose design promotes compatibility of activities and design within and surrounding area
Compatible with the university campus
A maximum of 4 stories
Efficient vehicular and pedestrian ingress and egress

15. SOLICITATION REVIEW
Transaction Documents
Access and Option Agreement – provides for an exclusivity period to complete due diligence, development planning and entitlements, construction documents, financing, final negotiation of ground lease terms
Ground Lease – governing long-term agreement
Document templates are expected to be ready for distribution before the end of July
Exceptions to transaction documents are a required portion of the submittal
Full mark-up not required
Can be submitted in the form of an exceptions list but should be as complete as possible

16. SOLICITATION REVIEW
Proposal Evaluation Factors
Evaluation factors are listed in descending order of importance with the first having the most weight and each of the following evaluation factors having equal or lesser weight than the one preceding it. Weightings and their application to each Respondent’s Proposal will be at the University’s sole discretion and shall not be subject to disclosure

17. SOLICITATION REVIEW
The Selected Developer will be chosen by the University, as advised by a committee of experts established by the University. The process for engaging with the Selected Developer is as follows (with some steps occurring concurrently):
Review Proposals and determine Selected Developer
Negotiate an Access and Option Agreement for presentation/approval of Cal Poly’s Executive Committee, the CSU Office of the Chancellor, and the CSU Board of Trustees
Selected Developer completes Due Diligence, including collaboratively defining a Development Plan including multi-year financial plan, at the Selected Developer’s sole expense
Obtain Board approval of Development Plan, financial plan, and legal documents
Conclude Master Plan Revision, Schematic Design and CEQA approval
Negotiate and execute Ground Lease
The targeted timeframe to complete the process is summer/fall 2017

18. Q&A

19. Q&A
DISCLAIMER
Verbal statements made during site tours and this pre- proposal conference constitute informal guidance and are not intended to alter or amend the terms of the RFQ/RFP. Official responses to your written questions will be transmitted to you electronically.

20. Topics for Q&A Discussion
Planning and Approvals
Site Conditions
Project Design and Scope
Contract Requirements
Housing Demand
Financial Structure
Procurement Process

21. Closing

22. Resources

23. CAL POLY MAP WITH SLACK STREET & GRAND AVENUE SITE

24. SLACK STREET & GRAND AVENUE SITE MAP
Cal Poly Campus
Secondary Site
≈ 5 Net Acres
Slack Street & Grand Avenue
≈ 21.8 Acre Site
Student Housing South Development
Primary Site
≈ 10 Net Acres
Off-Campus Residential Neighborhoods
Note: Site boundaries are approximate.

25. STUDENT HOUSING SOUTH

26. SLO County One of Least Affordable (Fiscal Times, March 24, 2016)