HomeMy WebLinkAbout09/19/2000AGENDA
CITY OF WHEAT RIDGE
URBAN RENEWAL AUTHORITY
Tuesday, September 19, 2000
7:00 p.m.
Notice is hereby given of a Public Meetiag to be held before the City of Wheat Ridge Urban
Renewal Authority on September 19, 2000, at 7:00 p.m., City Council Chambers, 7500
West 29th Avenue, Wheat Ridge, Colorado.
1. Call The Meeting to Order
2. Roll Call of Members
3. Approval of Minutes - August 15 & 23, 2000
4. Pubiic Forum (This is the time for any person to speak on any subject not appearing
on the agenda. Public comments may be limited to 3 minutes.)
5. Old Business
6. New Business
A. Status Report on URA Market Feasibility Study
B. Northeast corner of 44"[Wadsworth - property information
C. Consultant for 44`h/Ward Road Area Market Feasibility Study (Action
Requested)
7. Other Matters
8. Adjoumment - October 17, 2000
Q\Ka[hy\ECODEVOWGENDAS\000919. WPD
MINUTESOF
WHEAT RIDGE URBAN RENEWAL AUTHORITY
August 15, 2000
7:00 P.M.
1.
2.
3.
CALL THE MEETING TO ORDER
In the absence of Chairman Jerry Roach, the Wheat Ridge Urban Renewai Authority
meeting was calied to order by Norm Burkpile at 7:05 p.m.
ROLL CALL OF MEMBERS
Commissioners present: Norm Burkpile
Sandra Collins
Vance Edwazds
Jim Goddard
Elwyn Kiplinger
Janet Leo
Margy Platter
Commissioners absent: Rae Jean Behm
John Ha11
Dick Matthews
Jerry Roach
Also attending were: Alan White, Planning Director
Valerie Adams, City Manager
Ralph Mancinelli, City Council
Ken Siler, City Council
Gerald Dahl, City Attorney
Jim Windhoiz, Urban Renewal Attorney
Ann Lazzeri, Recording Secretary
APPROVAL OF MINUTES
The minutes of the regular meeting of July 18, 2000 were presented for consideration. It
was moved by VANCE EDWARDS and seconded by SANDRA COLLINS to approve the
minutes as presented. The motion passed unanimously.
WRURA Minutes Page 1
08/15/00
4. PUBLIC FORUM
There were none present to address the Authority.
5. UNFINISHED BUSINESS
A. Selection of Bond Counsel - Vance Edwazds reported that the bond counsel
selection committee interviewed five candidates for bond counsel. The committee
arrived at a recommendation to WRURA and City Council to hire the .firm of Kutak
Rock.
• Kutak Rock had the most experience as bond counsel for urban renewal sites
as well as expertise in tas increment financing.
• Kutak Rock is well respected in the bond counsel community.
It was moved by VANCE EDWARDS and seconded by SANDRA COLLINS
that WRURA make a recommendation to City Council that the firm of Kutak
Rock be hired as bond counsel. The motion passed unanimously.
6. NEW BUSINESS
A. Resolution approving the proposed modification to Urban Renewal Plan,
deleting the Northern Portion of the Urban Renewal Plan area, transmittine the
same to the Citv Council and requesting the Council to determine that it is a
substantial modification of the Urban Renewal Plan.
Alan White reported that the tax increment information for the pazcels included in
the northern portion of the Urban Renewal Plan azea is not quite complete at this
time. For the sake of timeliness, it was staff's recommendation that a special
meeting be held to consider this matter when that information is completed.
Gerald Dahl reviewed the resolution and the process which would be involved in the
modification of the urban renewal area.
It was moved by VANCE EDWARDS and seconded by MARGY PLATTER to
hold a special meeting of the Wheat Ridge Urban Renewal Authority on
August 23, 2000 at 7:00 p.m. in the City Council chambers to discuss the
resolution approving proposed modifications to the Urban Renewal Plan. The
motion passed unanimously.
WRLJRA Minutes Page 2 ;
08/15/00
B. Hiring of a consultant to preaare a blight studv for additional areas near
Wadsworth Boulevard for potential inclusion in a new Urban Renewal Plan.
Alan White requested formal authorization from WRURA to hire a consultant to
prepare the above-referenced biight study.
It was moved by SANDRA COLLINS and seconded by JANET LEO that the
Wheat Ridge Urban Renewal Authority direct the city staff to hire a consultant
to prepare a blight study for additional areas near Wadsworth Boulevard for
potential inclusion in a new Urban Renewal Plan. The motion passed
unanimousty.
7. OTHER MATTERS
A. First Bank at 44th and Wadsworth - Alan White reported that when this facility
was approved, plans were also approved for a drive-up facility on the north side of
the bank. The bank is planning to relocate their remote drive-through facilities to the
location at 44th and Wadsworth. Upon conferring with Jim Windholz, Mr. White
stated it was determined that, since a drive-up facility was approved in the original
plan and would not be a major modification to the Urban Renewal Plan, it was not
necessary to bring the matter to WRURA for approval.
B. Repuest for Oualifications (RFO) for Feasibility Study at I-70 and Ward Road -
Vance Edwazds reported that this feasibility study will most likely be fixnded from
the hotel/motel tax. The RFQ is in process and will be coming to WRURA for
consideration in the future.
8. ADJOURNMENT - It was moved by VANCE EDWARDS and seconded by JANET
LEO to adjourn the meeting at 7:50 p.m. The motion passed unanimously.
NORM BURKPILE Ann Lazzeri
Acting Chair Recording Secretary
Minutes
Page 3
08/15/00
MINUTES OF
WHEAT RIDGE URBAN RENEWAL AUTHORITY
SPECIAL MEETING
August 23, 2000
7:00 P.M.
1. CALL THE MEETING TO ORDER
The Wheat Ridge Urban Renewal Authority meeting was called to order by Chairman
ROACH at 7:00 p.m.
2. ROLL CALL OF MEMBERS
Commissioners present:
Commissioners absent:
Also attending were:
Norm Burkpile
Vance Edwazds
Jim Goddard
Elwyn Kiplinger
Dick Matthews
Mazgy Platter
Jerry Roach
Rae Jean Behm
Sandra Collins
John Hall
Janet Leo
Alan White, Planning Director
Jerry DiTullio, City Council
Ann Lazzeri, Recording Secretary
3. APPROVAL OF MINUTES
The minutes of the regulaz meeting of August 15, 2000 and the special meeting of
August 23, 2000 will be considered at the next regulazly scheduled meeting of
September 19, 2000.
WRiJRA Minutes Page 1
08/23/00
4. PUBLIC FORUM
City Council Representative Jerry DiTullio reported that the approval of bond counsel as
well as the resolution deleting the northern portion of the Urban Renewal Plan area are
scheduled for the agenda of the City Council meeting to be held next Monday.
5. UNFINISHED BUSINESS
There was no unfinished business to come before the Authority.
6. NEW BUSINESS
A. Resolution Approvine the Proposed Modification to the Urban Renewal Plan -
A resolution approving the proposed modification to ttte Urban Renewal Pian
deleting the northern portion of the Urban Renewal Plan azea, transmitting the same
to the City Council and requesting the City Council to determine that it is a
substantial modification of the Urban Renewal Plan.
Mr. White distributed copies of a revised Urban Renewal Plan modification. He entered
information received from the taY assessor's office into the record. Upon review of this
information, the staff and attorneys are of the opinion that the city has received little or no
property tas increment on the properties which would be deleted by the above resolution.
Mr. White also distributed copies of a memorandum which will be made part of the case file
which shows that there is a$3 million increment value in the entire urban renewal. This $3
million can be traced to Wheat Ridge Mazketplace, First Bank and the Maktura Building.
It was moved by DICK MATTHEWS and seconded by NORM BURKPILE that the
Wheat Ridge Urban Renewal Authority approve Resolution No. 1 which modifies the
Urban Renewal Plan, deleting the northern portion of the Urban Renewal Plan area,
and transmit same to the Wheat Ridge City CounciL The motion passed unanimously.
7. OTHER MATTERS
A. Wheat Ridee Water District - Alan White distributed copies of a letter from Walt
Pettit of the Wheat Ridge Water District. The letter outlines his concems and
potential infrastructure needs in regazd to the Urban Renewal Area. There was a
suggestion that Mr. Pettit be invited to a future WRURA meeting to relay his
concerns directly to the Authority.
WRURA Minutes Page 2
08/23/00
B. Area North of 44th Avenue - MARGY PLATTER requested that everything north
of 44th Avenue, including Pep Boys and the current First Bank drive-through, be
considered for inclusion in the Urban Renewal Area at the next WRURA meeting.
8.
ADJOURNMENT - It was moved by DICK MATTHEWS and seconded by VANCE
EDWARDS to adjourn the meeting at 7:10 p.m. The motion passed unanimously.
JERRY ROACH
Chair
Ann Lazzeri
Recording Secretary
WRURA Minutes Page 3
08/23/00
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Wadsworth Blvd. & 44th Ave (northeast corner)
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City of Wheat Ridge ~
U m
Planning and Development Department
C~C ORP00
Memorandum
TO: Wheat Ridge Urban Renewal Authority
FROM: Alan White, Planning and Development Director aw
SUBJECT: 44"'/Ward Road Market Feasibility Study Proposals
DATE: September 14, 2000
Enclosed in the packet are the iwo proposals we received in response to the RFQ sent out for the
market feasibility study for the 44`h/Ward Road area. Also attached is a copy of the RFQ. Please
review the proposals and be prepazed to select a date to conduct interviews.
CITY OF WHEAT RIDGE
REQUEST FOR QUALIFICATIONS
RFQ # 00-010
PROFESSIONAL CONSULTING SERVICES
TO PREPARE A MARKFT FEASIBILITY STUDY OF THE
REDEVELOPMENT LOCATED IN THE CITY OF WHEAT RIDGE, CO
BOUNDED BY.I-70, TABOR AND 44TH AVE
PROPOSAL OPENING DATE:
Monday, August 28"', 2000
PROPOSAL OPENING TIME:
2:00 P.M.
Issue Date: August 9, 2000
INDEX OF CONTENTS
I. Notice of Request for Qualifications
II. Request for Qualifications Document
III. Attachments
- Map and Zoning of the Area
~
City of Wheat Ridge - RFQ 000-010 08/09/0
II. REQUEST FOR QUALIFICATIONS
INTRODUCTION:
The Ciry of Wheat Ridge is in[erested in exploring redevelopment opportunities of [he area bounded by I-70,
Tabor and 44" Ave. Please see map attached. The Ciry Counci] believe that it is essentiat to attract qualiry
redevelopmenC projec[s that will work in concert with the Ciry's Comprehensive Plan and future
Redevelopment Master Plans.
OVERVIEW:
Who Are We?
The City of Wheat Ridge is a mature thriving community in the Denver metropolitan area that has a rich
history and a bright future. Although the area has been steadily developing post World War II, it incorporated
in 1969 in paR to retain its character and unique identity within the metropolitan Denver area. Within the City
of Wheat Ridge exists a thriving industrial area, which is located primarily along the I-70 corridor.
Throughout Wheat Ridge are residential neighborhoods that provide a variery of housing choices. Although
the City imposes a rea] estate property tax, the City's revenue sources are dependent upon retail sales and use
taxes. Many small commercial areas are laced throughout the ciry. Most were constructed in the fifties and
sixties. As we enter the new millennium, many of these areas are prime locations for revitalization and
beautification. This renewed interest has sparked the desire for reinvestment into the community using an
aggressive revitalization program for the area under consideration in this Proposal.
TheCiryis committedtopreservingandfurtherenhancingthecurrentfamily-friendlycommuniryatmosphere.
The City's newest addition is the Wheat Ridge Recreational Center. This facility is a state of the art 72,000
sq. ft. aquatic and recreation complex. In addition to this recreational amenity, the City owns and maintains
over 250 acres ofpark and open space that is available for residents and the surrounding communiry to enjoy.
The City has recently finished the Wadsworth Comdor study to identify possible infrastructure improvements
to an area that has great redevelopment opportunities. Coupled with this effort, the City has formed a new
communiry driven Economic Development Committee that will work to develop a master plan for future
economic revitalization projects and programs. This ci[izen driven Committee will then work closely with the
City Council and the Wheat Ridge Urban Renewal Authority ("WRURA") to implement new revitalization
projects that will hopefully diversify the ,City's revenue streams. As if this was not enough, the Ciry is also
taking on the tedious task of reviewing and'revising the zoning code to reflect the needs of the community.
2. Where Are We Goine?
The Ciry of Wheat Ridge anticipates the future with optimism as it prepares to meet the 21" Century. To be
ready to serve the needs of our communiry, the citizens, elected officials and staffbelieves that it is imperative
to revitalize significant commercial comdors within the City. The City believe that the area defined in this
Proposal is an important comdors for commercial revitalization.
It is our hope and desire that the development process used by the Consultant will include a process that will
foste: a meaningful partnership with city officials and affected property owners. In an effort to assist the
Consultant the city will work closely with the selected Consultant to put together a market briefing report that
wil] address the community, fiscal and economic impact of the atea defined in this Proposal.
Wheat Ridge UR - RFQ 00-010 1 Market Feasibility Study
I-70/Tabor
ELEMENTS OF THE PROPOSAL:
The response [o [his Proposal should include a one (1) page Executive Summary of the services [hat will be
provided under the Proposals Scope of Services. In addition, to the Executive Summary, the Proposal sha(I
provide a written response to [his request [hat will address the following:
- Steps that are necessary to comple[e the project - Detailed descrip[ion of the process used to assis[ the city through this evalua[ion process.
- Other team members or consultants that will be par[ of this project.
- Detailed description of the approach on creating parmerships with the elected officials and property owners
to facilitate and achieve support for the recommendations made in the market feasibility evaluation.
- Resources that will be required to perform the scope of work.
- A]ist and description of other similar projects and a list of references that can be contacted.
SCOPE OF SERVICES:
Iden[ifv the Base Scenario
Provide a basis for evaluating communiry, fiscal and economic impacts on the City from other altemative
reuse scenarios. This should include, but not be limited to developing property data for use by private or
public partnerships for the redevelopment of the area.
Evaluation of the Reuse Oooortunities
Redevelopment will be necessary to achieve full economic potential of this area. This portion of the scope
of services should address the underlying market factors to facilitate redevelopment of this area. This
evaluation should look closely at retail/commercial redevelopment, coupled with other mixed land uses.
Prenaration of a Marketine Brief for Redeve]ooment Oooortunities
This should include, but not be limited to gathering background and supporting documentation, evaluation
of all factors directly/indirectly affecting the location and possible financing mechanisms that may be
available to implement the revitilization efforts of this area.
This portion of the scope of services, shall be a written document that will assist the ciry in the
implementation of revitalization efforts of the azea.
SELECTION PROCESS:
The procurement process for these services will be based upon a Qualifications Based Selection ("QBS")
process. The award of an agreement will be made to the consultant offering a proposal which best meets the
needs of the City.
Each qualified proposal will be evaluated on the basis of the following criteria:
1. Quality of proposal and specific approach; and
2. Credentials of fian and demonstrated ability in similar projects.
Wheat Ridge UR - RFQ 00-0 10 2 Market Feasibiliry Smdy
I-70/Tabor
Since [ime is of the essence, we feel that it is oniy fair to outline how the city will be moving through the
selection process. A short list will be created based on this evaluation process. Firms on this short list ma}'
be required ro interview and make a presentation before the ciry [o fuRher present their qualifications and ideas
in a visua( form using examples from previous similar work.
Final selection will be based on [he best proposal and presentation/interview that best meets the needs of the
city.
SCHEDULING:
We know that time is a valuable commodity and [ha[ this type of project, if done right, will take bo[h patience .
and time. Yet, the schedule is imperative to the success of this project.
To help illustrate how you propose to move us along in this project in a timely manner, please outline a
timetable in calendar days for all steps of the proposed project. Please be sensitive to length of time spent on
this project and the number of ineetings proposed to accomplish the scope of services.
COST:
Please estimate the time and expense for each proposed step. This section should include tota] hours per
activiry and all related direct and indirect costs.
FINAL WORK PRODUCT:
If the City chooses to move forward and hire a Consultant, the selected consultant will provide to the city
a final written repoR outlining the mazket feasibility of area that will demonstrate a starting point for
prospective redevelopers.
PROPOSAL SUBMISSION:
If you are interested in submitting a proposal please send one original and Ten (10) copies of your
proposalto:
City of Wheat Ridge
Attention: Purchasing
7500 W. 29" Avenue
Wheat Ridge, CO 80215
All proposals must be received by 2:00 p.m., Monday, August 28, 2000, at the above stated
address. NO F,9XED PROPOSALS WILL BE ACCEPTED.
1. Ifthe City moves fonvard with this project, the selected consultant will be required to enter into a contract
with the City. The final contract is subject to final approva] by the Wheat Ridge Ciry Council.
The City reserves the right to reject or accept any or all proposals or portions of a proposal deemed to
be in its best intecest.
Neither the distribution of this RFQ nor acceptance of any response should be construed as cceating a
contractual obligation between the City and any Consultant. The the City does not authorize and wi11
not be responsible for any expense or charges associated with providing a response to this Request for
Qualification.
Your proposal must remain valid jor at least ninety (90) days after the submittal date.
Wheat Ridge UR- RFQ 00-010 3 Market Feasibility Smdy
I-70/Tabor
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5io-
- Development Research Partners
aug,st za, 2000
Ms. Valerie Adams
City Manager
City of Wheat Ridge
7500 West 29u Avenue
Wheat Ridge, Colorado 80215
Dear Ms. Adams:
I am pleased to submit this proposal to prepare a market feasibility study for the urban renewal area
bounded by I-70, Tabor and 44'h Avenue. As you know, Development Research Partners is cunently
engaged in a similar study of the redevelopment area south of 44u Avenue and Wadsworth Boulevard.
I believe our current efforts to know the City of Wheat Ridge, and its community needs and goals,
places us in a unique position to build upon our current efforts.
Our team's approach reflects the unique, diverse backgrounds of its members. Development Research
Partners combines Colorado-based practitioners with experience and knowledge in economic research,
economic development, real estate analysis, and community planning. Our skill and responsiveness
may be attested to by a diverse base of clients including the Metro Denver Network, the City of
Lakewood, Jefferson Economic Council, Aurora Economic Development Council, and the City of
Englewood, to name a few.
We believe our team has superior credentials for this project. Our depth of experience in hands-on
economic development means we can prepare and present studies that community leaders will be able
to understand and use immediately. By maintaining a consistent analytical team, the results of this
study will seamlessly blend with redevelopment efforts underway at 44d' and Wadsworth Boulevard.
Our proposal has been prepared in accordance with the RFP. Please direct any questions and comments
regarding the proposal to:
7esse Silverstein, Principal
Development Research Partners
8138 West Caley Place, Suite 2001
Littleton, Colorado 80123
V(303) 933-4464, FAX: (303) 933-4463, JesseDRP@earthlink.com
We look forwazd to continuing our work with the City of Wheat Ridge on these important projects.
~mc re'y,
esse D. Si verstein
Principal
8138 West Caley Place • Suite 2001 • Littleton, Colorado 80123 9 303-933-4464 • FAX 303-933-4463
EXECUTIVE SUMMARY
The City of Wheat Ridge desires to evaluate the redevelopment potential of, and to attract appropriate
redevelopment to, the area bounded by I-70, Tabor and 44t" Avenues. Development Research Partners
(DRP) proposes a to evaluate initial site conditions, estimate the economic and fiscal impiications of
various reuse options, and develop marketing information appropriate to attract interested businesses and
developers. DRP will work closely with the City of Wheat Ridge (City) and the Wheat Ridge Urban
Renewal Authority (WRURA) to ensure full communication and support, maximize the use of prior
research, and fully consider complementary City efforts such as land use and capital investment planning.
Additionally, DRP wili develop assumptions regarding this area for use in the economic and fiscal impact
model already being developed for the City under our approved Scope of Work for the 44'h and
Wadsworth feasibility study.
Development Research Partners strategic approach incorporates the following activities:
n Identify the Base Scenario
Purpose: To (1) provide a basis for evaluating community, fiscal and economic impacts from alternative
development scenazios, and (2) to develop property data for use by private enterprises to understand the
opporiunities and challenges presented.
Research and Reportine:
1) Inventory of land parcels including size, dimensions, frontage, access, ownership, existing
improvements and condition, assemblage potential, etc.
2) Existing development and land uses in the surrounding area.
In Evaluate Reuse Opportunities
Purpose: Reuse/redevelopment is needed to achieve full economic potential and enhance the quality of
commercial goods and services available to the community. Underlying market factors are evaluated to
facilitate redevelopment by private enterprises.
Research and Reportine:
1) Implications of comprehensive planning, infrastructure improvements and other City activities.
2) Neighborhood Retail/Commercial Development Analysis including an evaluation of consumer
expenditure patterns (demand analysis) overall neighborhood retail purchasing power, and demand for
retail/commerciaUresidenfial space.
3) A real estate market analysis of area-wide existing inventory, rental rates, and availability of space.
This property "supply" estimate will be compared to "demand" estimated-above and evaluated for
development and renovation opportunities.
M. Prepare a"Business and Development Opportunity Report"
PurQose: Background information, market data, and the evaluation of opportunities are presented as a
starting point for prospective businesses and developers interested in this location.
Research and Reportine:
1) Introduction (overview of cunent conditions, goals, and opportunities).
2) Economic overview: neighborhood and sunounding area (demographic, business, real estate trends &
opportunities).
3) Property description (ownership, occupancy, physical condition, site conditions) \
4) Description and evaluation of retail/commercial mazket potential..
5) Presentation of possible City financing support and other partnering opportunities.
Development Research Parhrers: Wheat Ridge UR - RFQ 00.010
STEPS NECESSARY TO COMPLETE THE PROJECT
1. Interview City and WRURA representatives to establish an understanding of project gqals
and research and strategies implemented to date.
2. Drive/walk inspection ofthe redevelopment parcels, the completed revitalization area, and
the surrounding neighborhoods.
3. Review of City activities and planning efforts including:
• Comprehensive Master Land Use Plan
. Transportation Corridor Studies
. Zoning Codes (including City staff reviews and proposed amendments)
. Community/neighborhood meeting minutes and related information
• Specific land use concepts generated either intemally or as previously
submitted by outside parties
. Other pertinent identified data through the City and WRURA interviews
4. Research economic and demographic data to establish the base case, populate an economic
and fiscal impact development simulation model for evaluating redevelopment scenarios',
and for use in marketing materials to business/redevelopment prospects. The development
model will be provided to the City for its future use in evaluating specific development
proposals as a result of this feasibility study.
Evaluate retail, commercial, and residential business patterns to identify market opportunities
and evaluate real estate market demand.
6. Inventory parcels and property characteristics with respect to real estate investment and
redevelopment opportunities. This information will be used as a basis to determine
development feasibility and to provide information to redevelopment prospects.
Conduct a real estate sub-market evaluation to identify existing supply, type, quality, and
occupancy costs. This information will be used as a basis to determine development
feasibility and to provide information to redevelopment prospects.
8. Characterize economic gaps that may impede business and real estate development and
identify "bridges" for these impediments. Bridges may include existing City programs, new
financial and technical grant sources, and reporting on existing models from other
jurisdictions.
9. Prepare a marketing brief that the WRURA can utilize in public communications and for
business and development prospects.
' DRP's SiteStatsO model is available for review upon your request.
Development Research Parteers: Wheat Ridge. (1R - RFQ 00-010
DETAILED DESCRIPTION OF THE EVALUATION PROCESS
It is the intent of the City of Wheat Ridge to evaluate the redevelopment potential of, and to
attract appropriate redevelopment to, the area bounded by I-70, Tabor and 44~' Avenue. To
assist Wheat Ridge in their efforts, Development Research Partners (DRP) proposes to design
redevelopment tools to enhance the quality of neighborhood commercial services, increase
propeRy values, generate sales tax, and eliminate vacant and underused parcels. .
The redevelopment process begins with the parcels in their current state and envisions a roadmap
to final uses. A strategic approach to redevelopment necessitates an understanding of initial site
conditions, the implications of various reuse options, a strategy for achieving financial viability,
and the ability to attract developers to undertake the project. DRP's approach to facilitating
redevelopment within the I-70, Tabor and 44°i Avenu.e area includes the fo(lowing phases:
n Identify the Base Scenario ("Do nothing" option)
To (1) provide a basis for evaluating community, fiscal, and economic impacts on the City from
altemative reuse scenarios, and (2) to develop property data for use by private enterprises to
understand the redevelopment opportunities and challenges presented. Analysis and reporting
will include:
a) Existing development and land uses in the general area
b) Demographic estimates for the neighborhood and surrounding azea
i) population (neighborhood & area)
ii) income (neighborhood & per household)
iii) age-cohorts (neighborhood & per household)
iv) average househoid size & composition
v) school children multiplier (student yield)
c) Physical description of redevelopment parcels including size, dimensions, frontage,
access, ownership, existing improvements and condition, etc.
d) Economic & fiscal impacts of parcels in the current use (jobs, wages, retail sales tax,
property tax to city & school district, cost-benefit analysis)
Developmenl Research Partners: Wheat Ridge UR-RFQ 00-010
In Evaluate Reuse Opportunities ("Redevelopment" option)
Redevelopment is desirable to enable the area to achieve its full economic potential and to
enhance commercial goods and services available to the neighborhood. The feasibility of
altemative site uses are evaluated to develop financial mechanisms and programs to facilitate
redevelopment by private enterprise. Analysis and repoRing will include:
a) Implications of the Comprehensive Plan, infrastructure improvements and other City
activities on the outlook for the neighborhood and surrounding area
b) RetaiUCommercial/Residentail Development Feasibility Analysis
i) demand analysis
(1) purchasing power (neighborhood consumption/purchasing power per acre
estimates)
(2) consumer expenditure patterns by demographic sector
(3) supportable gross leasable space
ii) real estate market analysis
(1) existing commercial/residential inventory, rental rates, and vacancy
(neighborhood and surrounding azea)
(2) undersupply/oversupply ofspace
(3) construction cost estimates
(4) test of viability to identify feasibility gaps
c) Economic & fiscal impacts on the City of parcels as redeveloped (jobs, wages, retaii sales
tax, property tax to city & school district, cost-benefit analysis)
d) Cost-Benefit analysis to evaluate the City's alternatives for incentives and other partnering
such as providing infrastructure, tax increment financing, financiai enhancements, and
utilizing federal grants and resources. .
Dwelopment Researck Partners: Wheat Ridge UA- RFQ 00-010
IIn Prepare a Marketing Brief for Private Enterprises Interested in Redevelopment/Reuse
("private enterprise redevelopment" option)
Background information, market data, an evaluation of development potential, and possible
public/private paRnering options are presented as a starting point for prospective businesses and
redevelopers.
a) Introduction (overview of current conditions, Wheat Ridge's economic and community
goals, and the oppoRunity)
b) Metro Denver Regional Economic Overview- (demographic, business, real estate trends.& .
opportunities)
c) Neighborhood and surrounding area economic overview- (demographic, business, real
estate trends & opportunities)
i) neighborhood's position in, and relationship to, the surcounding metropolitan
employment, housing, and consumer markets
d) Redevelopment property description- (ownership, occupancy, physical condition, site
conditions, environmental conditions)
e) Development Proformas (possibly including City investments and enhancements)
f) Presentation of other City possible financing, enhancements/incentives, and other
partnering mechanisms.
,
Develapment Reseaich Partners: WkerR Ridge UR - RFQ 00-070
THE DEVELOPMENT RESEARCFI PARTNERS TEAM
The term economic development means varying things to different users and their audiences. To the
local chamber of commerce, the economic development practitioner, or the community, the purpose
and direction of economic development initiatives can vary. However, the overall objectives are
almost always the same; to facilitate the creation of new economic opportunities for the community.
However, job creation and tax base improvement are not the only outcomes of a well-crafted and
executed strategy. A successful initiative should also improve a regiods overall economic health,
improve its ability to manage change, and create a sense of community and pride. DRP's team includes
economic development practitioners and professionals with deep collective experience in real estate,
economic development and community planning:
Patricia L. Sitverstein, President
Ms. Silverstein's expertise is in economic research and economic development, including site location
analysis, industry studies and strategic economic development planning. She has extensive experience
in preparing economic impact and fiscal impact analysis for community development purposes. In
addition, she serves as the consulting chief economist for the Denver Metro Chamber of Commerce.
In this role, she compiles, interprets and forecasts economic and demographic data for the Denver
metropolitan area and performs in-depth research on issues and proposed developments impacting the
region. She writes a monthly column on economic trends and statistics for the Denver Rocky Mountain
News, delivers numerous speeches on local economic conditions, and is widely cited in Denver's
tedia. Ms. Silverstein holds a Bachelor's Degree in Economics from Nebraska Wesleyan University
and a Master's Degree in Economics from the University of Colorado at Boulder.
Jesse D. Silverstein, Principal
Mr. Silverstein's expertise is in preparing economic and real estate-related analysis. He has extensive
experience in developing economic development strategies, real estate market analysis and feasibility
studies. His expertise includes redevelopment analysis for environmentally impaired property. Mr.
Silverstein's prior employment includes positions as Director at Equitable Real Estate Investment
Management and Chief Appraiser for the Resolution Trust Corporation (FDIC) in Washington, D.C.
He is actively involved in organizations inciuding the Denver Association of Business Economists and
Denver Metropolitan Commercial Association of Realtors. Mr. Silverstein holds a Bachelor's Degree
in Economics from the University of Delaware, a Master's Degree in Economics from the University of
Colorado at Boulder, and is an MAI designated member of the Appraisai Institute.
Karen B. Lecker, Research Analyst
Ms. Lecker's expertise is in economic and demographic analysis, especia(ly as it relates to urban and
regional planning. While completing a Master's Degree in Urban and Regional Planning from the
"Iniversity of Colorado at Denver, Ms. Lecker served as an intern with the Arapahoe County Planning
Division. In addition, she holds a Paralegal Certificate from the Denver Paralegal Institute and a
Bachelor's Degree in Economics from Colorado State University.
Deve[opment Research Parhrers: N'heat Ridge UR - RFQ 00.010 6
CREATING PARTNERSHIPS AND SUPPORT
Given the multiple, contiguous, relatively large redevelopment areas the City is currently working with
requires a comprehensive approach to create synergy and balance between uses and design. DRP's
approach will facilitate appropriate development by evaluating and promoting elements important to
both the City and the ultimate developers. Our Approach will consider the following principals:
Redevelop to an Appropriate Scale
People go to places that appeal to them and when they like the place they wiil incorporate it into their
lives. Revitalization and development plans should be guided by a realistic view regarding the markets
to be served. Whether a location is appropriate for neighborhood serving uses or a regional destination
will reflect pedestrian and vehicular access to that site. Access determines market competition and
trade area demographics.
Balance Land Uses to Support the Project
Balancing the quantity of commercial Development provides property and business owners the
economic strength to succeed and maintain capital investments necessary to evolve with the market.
The amount of development should be scaled to reflect the size and strength of the market, and
incorporate a variety of mixed-uses as appropriate to maintain a healthy economic balance.
Incorporate Community Activity Nodes
Key intersections, transit stops, and public facilities such as a library, school, administrative centers,
parks, etc., can function as a core or special focus area within the project. Public investment and public
private partnerships can be used to create cores of development that are unique, friendly, and attractive.
For instance, transit stops at the activity nodes may make them attractive for development and enhance
the synergy between nodes.
Recognize and Incorporate Transportation Impacts
Traffic is fundamentally a good thing, assuring good visibility and putting customers in proximity to
businesses. However, too much traffic can create an accessibility problem. Roadways can be seen as a
seam or an edge. A seam knits the community together across the road, whereas an edge divides the
community in ways that should be respected. Traffic patterns and pianned improvements should be
evaluated to determine the impacts on pedestrian and vehicular access, exposure and trade azea
boundaries.
Anticipate and Respond to Changing Market Eapectations
Market demographics change as the community ages, young people choose a single versus married
lifestyle, and families grow. In-migration may bring new people with diverse cultural backgrounds,
lifestyles, and market expectations. Redevelopment goals and plans for a specific site should consider
such demographic and lifestyle trends. For example, suburban residents are looking for community
amenities like public gathering places, a more livable environment and more convenience in daily life.
Use Public-Private Partnering as Appropriate
Public investments can be indirect, such as in transportation infrastructure, streetscape and
environmental improvements, and through zoning policy and nuisance abatement programs. Public
investment can also be direct such as with waivers and rebates, site acquisition, or the provision of
financing mechanisms. Projects should be evaluated for the appropriateness and degree of public-
private partnering opportunities.
Development Research Par[ners: Wheat Ridge UR - RFQ 00-0I0
RESOURCES REQUIRED TO COMPLETE THE FEASIBILITY STUDY
Providing quality research and useful reporting requires resources from a variety of sources. Data costs
have been included in the fee schedule quoted herein.
City and WRURA Staff Resources: Our goal is to understand and utilize the existing City and
WRiTRA base of research, knowledge, and experience to make our work as cost-effective as possible.
To minimize City and WRURA staff time and resources devoted to this effort, we will efficiently
organize our interview process to quickly assess the existing knowledge base and implementation
strategy.
Primary Data: The nature of this project necessitates the first hand collection of information
pertaining to existing land uses, topography, neighborhood characteristics, real estate market factors,
and other similar data.
Secondary Data: Secondary data sources will be used when appropriate and my include, but
necessarily limited to, U.S. Census Bureau demographic and business data series, County Business
Patterns, U.S. Bureau ofEconomic Analysis data series, Consumer Expenditure Survey, CACI
demographic data, Dun & Bradstreet, InfoUSA data, and other data sources as necessary.
Deve[opment Research Parhters: Wheat Ridge (1R -RFQ 00-010
SIMILAR PROJECTS COMPLETED & REFERENCES
♦ Development Research Partners has recently (February 2000) completed a land use study for the City
of Englewood, Colorado, comparing the fiscal and economic impacts generated by four distinct
development scenarios for a high profile parcel within the City. Impacts from land use as well as
from possible business operations on-site were evaluated including quality and number of jobs
created, housing demand, demand for business-to-business goods and services, and affects on local
retail demand. Reference: Mark Graham, Senior Planner, Community Development Department, City
ofEnglewood, 303-762-2353.
♦ Development Analysis of Praposed I-25 Interchanges, 1998, an outlook for, types of development
and related fiscal impacts relative to altemative placements for a new interchange; a comparative
approach evaluating the rate of urban-edge growth and land development patterns at existing
interchanges; prepared for the NorthMetro Chamber of Commerce. Reference: Alan Windmiller,
Finley & Company Real Estate, 303-451-4397.
♦ Economic And Fiscal Impact of the Proposed Ryland Homes Development, October 1999, located
in Bennett, Colorado, prepared in partnership with John M. Mullins & Associates for Ryland Homes.
Reference: John M. Mullins & Associates, 303-683-9382.
♦ Economic and Community Impact Studies of Redeveloped Sites (October 1999), evaluated the
economic and community impacts of Voluntary Cleanup activities at two Colorado brownfields sites.
Reference: Mark Walker, Voluntary Cleanup Program, Colorado Department of Public Health &
Environment, 303-692-3449.
♦ Development Research Partners established a housing needs assessment in the south metro Denver
area by analyzing the employment base, salary levels, current and projected housing stock and prices,
commuting patterns, household income levels and demographic trends of the area. This study,
completed in April 1999, presented a pioneering approach for examining the inter-relationship
between job growth and the level of housing development, increasing the awareness of the importance
of housing in economic development efforts. References: Peter Neukirch, Southeast Business
Partnership, 303-792-9447; Brian Vogt, South Metro Denver Chamber of Commerce, 303-795-0142.
♦ Development ReseaTCh Partners designed and customized economic and fiscal impact models (7uly
1999, March 2000), for the Jefferson Economic Council to evaluate the comparative strengths of
various business and real estate development opportunities. References: Holli Baumunk or Tom
Clark, Jefferson Economic Council, 303-202-2965.
♦ Business Development Research Task Force and Implementation Program, in progress,
conducted a focus group of economic and development professionais from the Metro Denver Network
(metro region) to identify appropriate research and information products with which to conduct
business development activities; conducting research and preparing documents at the direction of the
task force. Rei'erence: Joe Snell, Economic Development Director, Metro Denver Network/ Denver
Metro Chamber of Commerce, (303) 620-8075.
♦ Development Research Partners is currently providing advisory services to the City of Lakewood in
their efforts to attract business and development to environmentally impacted sites within vazious
revitalization corridors identified by the City's Community Development Office. Reference: Brian
Nielsen, Environmental Manager, City of Lakewood, 303-987-7192.
Development Research Partners: Wkeat Ridge UR - RFQ 00-010 9
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FredericK Rvss Cvmpany
////////i////////////// ~
Request for Qualifications
Market Feasibility Study
I-70, Tabor and 44`n Avenue
RFQ # 00-010
Prepared for:
C i t y o f W h e a t R i d g e
Purchasing
7500 West 29th Avenue
Wheat Ridge, Colorado 80215
Rvss Consu/ting 6rnup
Augu5t28,2000
A055
Request for Qualifications
Market Feasibility Study
1-70, Tabor and 44`h Avenue
RFQ # 00-010
Prepared for:
City of Wheat Ridge
I Purchasing
7500 West 29tb Avenue
Wheat Ridge, Colorado 80215
Ross Consu/ting 6roup
August 28, 2000
Table of Contents
I. Ezecutive Summary of Proposed Scope
of Services
II. Project Approach
III. Planning Process Diagram and
Proposed Schedule
IV. Proposed Fee
V. Resumes - Team Members
VI. Appendix •
• Capabilities of Firms
Executive Summary of Proposed Scope of
Services
It is our understanding that the primary scope of services is to prepare a market feasibility study.
The final work product will be a written report outlining the market feasibility of the study area that
will demonstrate a starting point for prospective redevelopers.
Our approach, analysis, and planning methodologies will organize real estate issues in a way that
clarifies consequences of alternative courses of action. The process designed for this project will
enable the City of Wheat Ridge (City) to achieve the maximum fiscal benefit possible given the
projecYs location, timeframe for development and market conditions. We will develop alternative
reuse scenarios to maximize productivity and performance of the site and provide the City with
the basis for decision-making regarding investment, financing, and development cost and
alternatives. Our Team will also facilitate a process designed to yield a reality based and
implementable redevelopment plan that wili not only be economically beneficial but also
community based.
Creating a vision for the I-70 and 44i° Avenue corridor and more specifically the proposed
planning area will require a collaborative, efficient and timely process given the project's
parameters and schedule for redevelopment. The following elements identify the general
approach the Planning Team proposes to undertake in order to accomplish the goals and
objectives of this project. .
Making the best and most informed real estate decisions requires intimate awareness of market
dynamics and other forces effecting development potential and feasibility. It also requires
sophisticated, experience-based judgement supported by rigorous analytical underpinnings. .
Based on this philosophy, our approach wdl follow a four-step process.
1. Perform Reconnaissance and Research
2. Analyze Data and Evaluate Opportunities
3. Define Options and Develop Alternatives
4. Prepare Recommendations and Map Action Plan for Phase Two
Each of these phases follows a progressive process designed to channel and narrow the creative
focus that will ultimately yield a development plan that addresses the goals and objectives of this
project. It is our understanding that the market study will be required to address:
• The fiscal and economic impacts of proposed alternative reuse scenarios.
• Redevelopment needs to achieve full economic potential of the study area.
• Appropriate mix of businesses that will facilitate synergistic success, and
• Marketing information and data for redevelopment potential for prospective redevelopers.
In addition to the above process, the Planning Team feels it will be important to assist in
educatin9 the stakeholders (i.e. communi ro ertowners, elected offcials, etc. re ardin ~
h', P P Y ) 9 9
market and development influences. An understanding that development patterns will be
influenced by market timing, local and national economic conditions, acceptance of the vision and
plan by investorsldevelopers, and the fact that patience wili be important because rarely does
change occur overnight. We will also assist in defning the role of government in the
redevelopment effort. This is an important step because redevelopment of the project area is
primariiy dependent on private initiative and investment. Strategic public investment can leverage
and direct private investment. The essential role of municipal government is to facilitate this
process by providing the framework of policy, ground rules, and regulations that help guide
development in the public interest, and to provide and maintain the basic infrastructure and
services.
And finally the Team is focused on creating an identifiable image as part of the planning effort.
This will accomplish several things. It will distinguish the proposed redevelopment area from
other competing redevelopment projects, concepts created can be used in marketing the project
to perspective investors or development partners, and a clearly defined vision is a powerful tool in
gaining acceptance and creating a rallying point for stakeholders and the community.
APPROACH
The following elements will be considered in establishing a successful redevelopment plan for the
subject area. Preparing a market feasibility study iri and of itself will not facilitate redevelopment
of the properties in the study area. Making the best real estate decision requires intimate
awareness of the local market dynamics and comprehensive experience with all aspects of reai
estate decision-making, investment, marketing, development, financing, ownership and
management. It will also be essential to establish a clear vision for what the community wishes to
accomplish, what the market will accept, and identifij specific steps that will be necessary to take
in order to successfully implemerit a redevelopment strategy or plan. The process the Planning
team will follow is founded on an inactive process and is structured to assist the City and other
stakeholders in preparing a successful, implementable redevelopment plan.
Following this summary of our approach is a Chart that identifies the primary activities and
deliverables in more detail and a proposed schedule for completion. Our planning process
(Approach) consists of four steps - Reconnaissance/Research, Analysis, Options/Planning and
the development of a Market Briefing Report.
RECONNAISSANCE / RESEARCH
This phase of our process focuses on determining the effect that market conditions and trends,
physical (land use, transportation, & infrastructure), political, and economic forces have on
opportunities to develop. Our team will assess local, regional and national economic and real
estate conditions in order to inform our thinking and analysis relative to demand, absorption,
capture, and financing alternatives for the subject property. This is one of the more critical
phases of the process because it will establish the foundation upon which all other phases are
created. In addition to data collection, this phase will establish the basic assumptions to be used
regarding project goals and objectives and fiscal parameters. While this phase tends to collect
primary data and be more scientific, a certain degree of art is essential to begin creative
conceptual planning process.
To be effective, this phase must address a wide range of "Stakeholders" interests. Data will be
summarized and used in each subsequent phase but most importantly in a.work session with
Stakeholders prior to the analysis phase. The work session in intended to valid assumptions and
make course corrects as necessary.
2. Analysis
In the previous phase the Planning Team summarized collected data to establish a"baseline"
against which any actions will be compared. This phase will center on analysis of key data and
characteristics of the real estate market. Other economic, demographic, and physical factors will
also be considered to predict performance and establish the basis for developing alternatives.
To be successful, this phase must produce a series of parameters that will be grounded in the
realities of implementation. As in all our work, there will be a feedback loop by which the Team
will test the realities of our findings with Stakeholders, the City, and others to infuse the planning
process with discipline and creativity. Without a firm grasp of market realities, there is too great a
risk of producing a Plan that cannot be implemented or, worse, cannot succeed. In addition to
market and development parameters, the Team will create a framework to guide decision-
making. The framework will be used to create a physicai theme based on potential scenarios
identified by the market opportunity analysis.
3. OPTIONS / ALTERNATIVES
In this phase, market opportunities, informed by the analysis phase, will be integrated to create
conceptual development alternatives. The successful development of alternatives will involve a
series of iterative Planning Team work sessions. The goal is to create alternative scenarios that
are economically, fnancially, physically, and politically feasible.
In addition to using team workshops to create development alternatives, a comprehensive
community involvement program encompassing a variety of innovative techniques must be
conducted to ensure both the participation of the major property owners and members of the
community in this process. The Planning Team believes that successful development plans and
strategies represent the synthesis of desires and needs of many diverse interest groups and
stakeholders. The decisions the Planning Team, Wheat Ridge City Council, and staff make will
be beneficial and successful only if they have the broad support of the most affected.
11
4. THE MARKET BRIEFING REPORT
The Market Briefing Report will provide the City with a written summary of the projecYs findings
and recommendations. The reporf will outline the market feasibility of the subject property, the
fiscal opportunities and constraints, financing alternatives, and a development summary. In
addition to these key elements the report will provide overviews of factors influencing
development, both positively and rregatively, such as, infrastructure, transportation, cost of
development, land uses, real estate market, and political. The report will also include appropriate
illustrative graphics, development plans, charts, and graphs to demonstrate the projecYs quality,
character, and feasibility to current stakeholders and prospective investors and developers.
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P r o p o s e d F e e
The proposed fee is based on the four worksteps outlined earlier in this proposal. The Planning
Team will complete the proposed scope of services for $65,000. This fee is inclusive of ali time,
and final presentation of our findings and recommendations. Exclusive of this fee would be any
reimbursable expenses, post presentations and external meetings that the City may request.
Phase 1 = Research / Reconnaissance $16,500
Phase 2 - Analysis
$21, 500
Phase 3 - Options / Planning $22,000
Phase 4- Market Briefing Report 5 000
Total $65,000
Resumes - Team Members
Ross Consulting Group has assembied a"Planning Team" capable of ineeting all aspects of this
project. As discussed in this proposal, making real estate decisions requires an intimate
awareness of the market dynamics and comprehensive experience with all aspects of real estate
decision-making, investment, marketing, development, financing and ownership. The Planning
Team certainly meets these qualifications. The following is a brief summary of each firm's
capabilities and experience followed by resumes for each team member.
Ross Consulfing Group
Ross Consulting Group (RCG), and independent arm of the Frederick Ross Company • ONCOR
International, was organized in 1982 to assist public and private sector clients in reai estate
decision making. RCG brings to the real estate owner, investor or user an objective, anaiytical
view of alternatives.
Ross' analysis and planning methodologies organize real estate issues in a way that clarifies
consequences of alternative courses of action. The services RCG provides enable our clients to
achieve the maximum utility and value form their real estate decisions. In all assignments RCG
seeks to maximize the productivity and performance of real estate both as a factor or productions
and as a financial asset.
Matrix Design Group, Inc.
Matrix Design Group, Inc. (Matrix) is a Colorado based multi-disciplinary consulting engineering
firm specializing in major asset management and urban redevelopment projects. The umbrella of
services provided by Matrix provides for full integration of the planning and design of
transportation systems, utility infrastructure, and water resources within a community. Matrix staff
routinely works on mixed planning and engineering teams to provide facilitated problem solving
on land use based infrastructure assignments. Additionally, Matrix has the expertise to evaluate
infrastructure systems on the basis of economic value, cost of construction, and have developed
an extensive database correlating land use densities with infrastructure costs.
Matrix utilizes state-of-the-art technologies in creating electronic master plans that provides
today's decision-makers with tomorrow's management tools. Through extensive use of
geographic information systems (GIS), Matrix develops land-based infrastructure solutions and
financial models to assist in fiscal impact analyses, economic analyses, and capital budgeting for
plan implementation. Through use of these models, we commonly assist clients in optimizing
land plans that reduce cost, expedite construction, and maximize the value of infrastructure to the
community. Additionally, the resulting databases become living documents that can be expanded
and modified with continued use.
Rogers Company Inc.
ROGERS COMPANY INC (RoColnc), a real estate consulting firm providing feasibility and
development management services for public and private organizations, developers, and real
estate investors, prevents the problems other consultants are typically hired to solve. This
is accomplished through specialized practices, experience and expertise in complex urban real
estaie, corporate, business and municipal environments. RoColnc is known for its pro-active
approach and strategic capabilities.
Since its establishment, Rogers Company has worked with businesses, corporations,
municipalities, governments, public housing authorities, and real estate developers to
successfully guide programming, planning and implementation of comprehensive real estate
projects throughout the United States. RoColnc provides extraordinary creativity to deliver
solutions to complex problems with collaborative and flexible leadership.
STRATEGIC PERFORMANCE
First, we identify the challenges; then find out wfiat everyone involved (the stakeho/ders) want
and need. Use this input to create a solution in which everyone gets something they want and
like - which successfully addresses the basic objective(s).
Finally, RoColnc identifies specific steps for successful impfementation of the project along with a
schedule and budget to assure the initial project goals are achieved.
COMMUNITY RE-WEAVING
RoColnc formulated its Community Re-Weaving philosophy to respond to a wide variety of urban
redevelopment assignments. To attain long-term success - with economic vitality and
sustainable improvement in physical condition and appearance - any development project must
incorporate re-weaving the neighborhood fabric into and through the site. Identifying the
significant influences in and around the site is essential. Use (or re-use) of any site must be
b/ended into its neighborhood - integrating activities, traffic patterns, buildings and security issues
- creating synergistic relationships.
Only then will it endure.
PROJECT MANAGEMENT
RoColnc has a longstanding reputation for unsurpassed management of strategic, development
and planning projects, based on extensive experience in planning, design, construction, and
financing - as well as essential political and economic components. The essence of project
management - control, leadership and communication - is inherent in RoColnc's approach to
getting the job done efficiently and effectively. Intimate familiarity with key obstacles and
solutions in all sorts of projects - from residential renovations to multi-faceted urban renewal,
redevelopment and expansion - is how RoColnc delivers results.
PROJECT FINANCING
Every successful real estate development project requires funding. The larger the project, the
greater the complexity - and the number of individual financing sources that must be secured and
coordinated. RoColnc offers years of experience and success in the areas of public and private
financing for real estate projects - to achieve the maximum potential project scope and quality for
the equity dollars invested.
AGILITY + RESOURCES = RESULTS
Any organization is only as good as its resources. RoColnc assigns a principal and project
manager to each project to maintain project agility - the ability to reconfigure to address
unanticipated opportunities. Other resources/firms are added to the team as required to assure
that the best possible outcome is realized. RoColnc works with organizations across the country
to deliver successful resolution of real estate and business challenges in a variety of capacities,
including
• Real Estate Development
• Owner Representation
• Program Management
• Urban Redevelopment
• Strategic Master Planning
• Feasibility Studies
• Asset Management
• Implementation
Strategies
• Design Management
• Project Management
Individual Resumes
People in
Profile
IV
Chuck Luna
Director, Ross Consulting Group
Chuck Luna is Director of Ross Consulting Group,
providing ieal esta[e advisory services to imestors,
developers, corporations and landowners.
Chuck brings over 25 yeazs of real estate related planning, `
design, asset management, research / analysis and decision-
making to RCGs projects. Chuck has been responsible for
the stra[egic planning and asset managemen[ of over three
million squaze feet of leased and owned property
throughout Colorado and Texas. He has also been
responsible For master planning, land use s[udy, zoning, site
selection, design, project management and construction for
this lazge portfolio:
Chuck also has an extensive design background in
architecture, interior design, landscape azchitecmre,
engineering and space planning. His has provided asset
managemen4 s[rategic planning, and modeling for decision-
making to TEPCO, one of 7apan's lazgest utility companies,
various architecmral design firms, facility departments of
high-tech firms such as Hewlett-Packazd and Srorage Tech
and multitude of large corporations.
a Frederick Ross
Campany
' ' "
WorWwlde Real Esfate Semces
Prior [o joining Ross Consulling Group. Chuck served as
Manager of S[ra[egic Planning. Design and Project Management
for New Century Energies, pnrent company to Public Service
Company of Colorado and Sutithwest Public Service of Texas.
In this capaci[y, he manageJ ur was directly responsible for
projeccs that ranged from ovor $50,000,000 to under $100,000
and the oversigh[ of decisiuns rcluting to facility and real estare
sVa[egies. Because of his cxpcrience with all aspects of real
es[ate management and analy+is, Chuck developed financial
models to support [he decisinn-making process of a regulated
company and assess the influcnee of these decisions on
shareholders and other stakchulders. Chuck also developed a
variery of databases to vack the performance of real estate
asse[s, space u[iliza[ion, benchmarking, and cost of ownership.
Chuck holds BS in Engineering from New Mexico State
University and has worked on his mas[ers in Archi[ecture and
Planning from the Universiry uf Colorado. He is a member of
the CU Real Estate Council, the NACORE Institute and the
Denver Partnership.
\
People in
Tom Martin
Profile
Associate, Ross Consulting Group
Tom Martin manages a broad array of real estate related ,
developmen[ and investment projec[s as well as cocporate
consulting assignments.
formulates land development strategies, conduc[s `
market reseazch and investment analyses, and evaluates
commercial and residential real estate developments for
imes[ors and landowners. Clien[s include the Colony
Investments, Pauls Corporation„Tertabrook, Union Pacific '
Railroad, and Trillium Corp.
Tom also works extensively with [he design of mazket
analysis and financial models to quantify [he implications of
real estate tlecisions. Tom has analyzed over $1 billion in
investrnen[ sale transac[ions, including $800 million in
insfim[ional por[folios [hroughout Ihe Sou[h Bay and Silicon
Valley. In addition, Tom works closety witfi landowners to
design and develop real estate assets located throughout the
country.
Tom also provides corporate consulting services, where he
evaluates growth options for several of high-tech clients,
i as Silicon Graphics, Maxtor, Quantum Corporation and
~ FredericK Rnss
~ Cnmpany
' ' "
wondwide Real Estore Services
Hewle[t-Packard. These analyses factor estimates of pre-tax,
after-tax and book impacts specific to each client inro
acquisition/disposi[ion considerations as well as sale/leaseback,
syn[heticlease and build-to-suit options.
Prior to joining Ross Consulting Group, Tom served as
Financial Analys[ to Colliers Damner Pike. Using
comprehensive financial analysis software, Tom developed
financial models to assess implications of a variety of
commercial real estate uansactions, induding local and regional
mazket analyses and sensitivity assessments for assignments
located throughout the west.
As Senior Planner with the City of Irvine, California Planning
Department, Tom was responsible for project management,
designing of city plans and reports as well as interaction wi[h
public, management and elected representatives. He managed
several major mixed-use projects throughout the ciry approval
process. Ae also supervised downtown redevelopment planning
efforts, as well as roadway infrastrucmre improvements.
Tom holds a BA in Political Science from the University of
California, Los Angeles, and a Master of City Planning from the
University of Califomia, Berkeley.
John L. Blanchard, PE
Principal
~ N1a~xIksi~Group.n
Esperience Mr. Blanchard is a principal and co-founder of [he btatrix Design Group. He has a
broad based background in municipal engineering design, environmental permittine
and economic analysis, with a sriong expertise in water resources. Mr. Blanchard
serves as project manager on interdisciplinary projects from the initial planning
stages tluough design development and construction.
Mr. Blanchard is recognized as an expert in urban drainage and flood control aHd
actively teaches for the American Society of Civil Engineers throughout the U.S. and
Canada. He has d'uected innovarive designs on awazd winning development projects
by successfully integrating the efforts of land planners, landscape architects, natura]
scientists, and engineers.
Economic Analysis Mr. Blanchazd has extensive experience in economic analysis, real property,
valuarions, capital budgering, and fiscal unpact analysis for vazious residential
development and commercial ventures. Representarive assignmems involving
economic analysis include: valuarion of water rights associated with Delaney Lakes
in Jackson Counry, CO; cash flow projecrions, pro-forma budgets, and fmanciat
analysis of citrus orchazd development for the Pauma Indian Tribe near San Diego,
CA; fiscal impact analysis for a proposed development in Green Island, N1' which
would add 1,200 residents to an existing population of 1,500; and preparation of a
site wide redevelopment cost model for conversion of the Lowry Air Force Base.
Land Planning/ Mr. Blanchazd has worked on a broad array of site planning and civil engineering
Community Development assignmenu in more than 15 states. His expertise includes site layout, land planning,
subdivision design, and program management
Mr. Blanchazd is cuzrently assisting with the prepazation of infrastructure master
plans and capital improvement programs to support redevelopment of the former
Stapleton International Airport. This project consists of redevelopment of
approximately 3,000-acre site. It will be a mixed use communiry consisting of
residential and retail properties as well as open space areas.
Mr. Blanchazd has provided expert engineering for redevelopment of federal
installations associated with the Base Realignment and Closure (BRAC) program.
At the former Lowry Air Force Base in Denver, he provided infrasuucture master
planning and managed the $8.2 million Lowry EDA Infrastructure Project. The
EDA project created the spine roadway, urility, and drainage infrastnicture to serve
the site and stimulate redevelopment. Value engineering techniques resulted in a
reducrion of $5 million in capital costs.
Mr. Blanchazd served as manager on the Infrastructure Master Plan for Fitzsimons
Medial Army Center in Aurora, CO to support redevelopment of the 577-acre site
Blanchard2
John L. Blanchard, PE
.ge 2
into a bio-science research park and campus for the University of Colorado HealUi
Sciences Center. Tlie mastec plan established the framework for pcivatization of a
central energy plant, decommission of a wastewater heatment plant, and
programetric improvements to all roadway and utiliries.
Urban Drainage and Flood Control Throughout his career, Ntr. Blanchard has demonstrated innovame approaches to
soiving complex drainage problems through the use of a comprehensive approach
emphasizing mul[i-use, mulri-benefit faciliries. fIe developed a master plan to .
accomplish 100-year zero dischazge from a 600-acre basin ffibutary to the Rock}'
' Mountain Arsenal in Denver, CO. The plan utilized existing storage reservoirs to
retain stormwater while providing a firm water supply for on-site irrigarion and base
flows for riparian corridors to be preserved downstream across the Arsenal.
As project manager for the Master Drainage Plan at the Rocky Flats Nuclear
Weapons Complex existing ponds were used to enhance water quality and protect
downstream water supplies, in Denver, CO.
Representative design assigntnents include work as project manager for the design of
riverfront improvements, navigable canals, and flood conveyance facilities for the
Historic Arkansas River Project (HARP) in dovmtown Pueblo, CO and work as
project manager for design of four multi-purpose lakes, four miles of irrigation
canals and pipetines, and numerous specialry structures including a 350 long
concrete baffled apron drop on a 3.5:1 slope at the Maroon Creek Golf Club in
Aspen, CO.
Mr. Blanchard was also the project manager for the planning and design of
numerous stormwater detenrion and water supply storage faciliries where
jurisdictional dam structures were requued. He performed hydrological studies,
hydraulic design, developed liner specifications, and assisted with permitting.
Examples of jurisdictional dam designs include the rehabilitation of the 300 AF
Lake Grant Dam near Crested Butte, CO and new construction of a 60 foot high
dam at Kevin Cosmer's Dunbar Resort near Deadwood, SD.
Awards and Publications - Manual ofPracticefor Design and Construction of Urban Stormwater Management
Systems, Contributing Author, ASCE/WPCF, 1992
ASCE Manual ojPractice, Principal Instructor of Short Courses, Irvine, CA, Erie,
PA, Toronto, CAN, Denver, CO, Las Vegas, NV, Ft. Lauderdale, FL,
Memphis, TN and Phoenix, AZ
"Planning and Financing a Comprehensive Storm Water Management Program
Instructor for University of Wisconsin short course, 1994
"Developing Dijficulr Sites 1994 National Association of Home Builders
Convention in Las Vegas
ASCE Applicarions in Stormwater Management, Principal Instrucrion of Short
Courses, San Antonio, TX, Sacramento, CA, Las Vegas, NV, Honolulu, AI,
Blanchard2
John L. Blanchard, PE
Page 3
and Orlando, FL
Education Masters of Business Administrarion, Regis College, 1988
Bachelors of Science in Civil Engineering, Universiry of Iowa, 1982
Professional Registrations/ Registered Professional Engineer, States of Colorado (24420/1986) and New Yock
Affiliations (65239/1988)
Registered Colorado Real Estate Appraiser
American Society of Civil Engineers
Mined Land Reclamation Boazd Non-Point Source Pollution Committee
Home Builders Associarion of Metro Denver, Water Development Committee
Work Fiistory Matrix Design Group, Inc. (1999-Present)
BRW, Inc., Vice President (1995 to 1999)
Wright Water Engineers, Inc., Senior Water Engineer (1990 to 1995)
C.T. Male Associates, PC, Managing Engineer (1988 to 1990)
Bell Engineering Company, Project Manager (1983 to 1988)
Hansen Lind Meyer, PC, Design Engineer (1982 to 1983)
Blanchard2
,iames L. Price, PE
',.:nior Civil Engineer
Experience Mr. Price is a Civil Engineer with Matrix Design Group and is responsibte for the
successful design, coordination, and management of municipal and private sector
improvement projects, studies and reports. Ae provides multiple project
management and coordination of hansportarion, utility, capital improvemen[ and
land development projects as well as detailed master planning and analysis. His
experience includes involvement with a mulritude of residential and commercial
development and redevelopment projects throughout the state.
Mr. Price served as the senior project manager in responsible charge of all trunk
infrastructure projects for the redevelopment of the former Lowry Air Force Base
in Denver, CO. His sffong background in municipal transportation roadway,
urilities, and Right-of-Way improvements has helped guide the reconstrucrion of
infrasnucture at the former base.
Previously, Mr. Price was responsible for the management of several regional, state
and local improvement and rehabilitation projecu. Many of these projects have
received indusuy awards and the highest client praise for innovadve design.
il Engineering Mr. Price has a broad asay of civil engineering experience. This experience spans
both the public and private sectors and includes such hallmark projects as the
redevelopment of the former Lowry Air Force Base, The City of NIorgan Hilt
Auto Mall, the Colorado State Highway 85/87 widening project in Colorado
Springs and the I-55-405 Freeway Confluence Project in Orange County, CA.
Mr. Price is involved with the ongoing master planning and platting for all
residenrial and couunercial development at Lowry, iequiring continual master plan
and infrastructure design revision as phased development occurs across the base. He
also continues to manage and coordinate the Lowry comprehensive traffic planning
and site impact analyses for the Lowry Redevelopment Authority and The City and
County of Denver.
Previously, Mr. Price served as project manager for the U.S. Highway 85/87 and SH
29 widening project for the Colorado Springs World Arena. This highway
reconstruction project was financed and constructed through an Inter-Govemmental
Agency Agreement with The Colorado Deparanent of Transportation and the Ciry of
Colorado Springs with matching funds provided by The Colorado Springs World
Arena. The project involved large scale roadway, drainage, traffic and signalization
improvemenu necessary to mirigate future traffic and access demands created by the
World Arena operarions. Several lazge drainage structures were designed within the
project due to the heavy flood run-off genecated by the nearby Cheyenne Mountain
Drainage basin.
Pnce civil engr
James L. Price, PE
Page 2
He served in a lead design role on the recently completed I-5/I-405 Freeway
ConIIuence project in Orange County, CA. This $90 million inrerstate improvement
project consisted of existing freeway widening, new collector/ distributor roadway.
interchange, direct connector flyover, and multiple bridge and retaining wall
consuuction. Federal, State, Counry and local City funding and agency approvals
were part of the project development, design and construction program.
Public WorksNlunicipal Engineering Mr. Price has strong project management and design expenence within the public
sector. Having successfully designed, bid and overseen the construction of dozens
of local municipal and state unprovement pzojects, he maintains an excellent track
record with projects requiring rare construction change orders. Mr. Price is an
expert in municipal roadway design, construction, and traffic operation. He is also
. very familiar with the design and construcrion of domestic water, sanitary sewer, and
storm drainage facilities.
Previously, Mr. Price served as project manager for the Lowell Boulevard
Improvement Project, Phases 1 and 2, for the City of Wesuninster, C0. Phase 1 of
the project included preparation of final plans, specificarions, and estimates (P,S S
E) for 1.5 miles of sanitary sewer and water improvements within Lowell Boulevard,
68th, and 69th Avenues. Phase 2 construction included complete roadway
reconstruction and drainage improvements. Residential and commercial access
plans were developed for Phase 2 including signal modification plans and Burlington
Northem crossing upgrades.
He served as project manager for the Washington Street Rehabilitation Project for
the City of Northglenn, C0. T7ris project involved approximately one-half mile of
roadway reconstruction and storm drain improvements including utiliry relocations,
signal modifications, and commercial access consolidation. A type selection process
was developed by Mr. Price during preliminary design for evaluation of roadway
and drainage design altematives. Significant storm drainage improvements were
requued to alleviate a large deficiency in tunoff capacity within the existing Right-
of-Way.
While providing continuous on-call consulting services for the City of Beverly Hills,
CA, he worked on several high profile improvement projects including the Rodeo
Drive Reconstruction Project and the Olympic Boulevard Rehabilitation Project.
He oversaw the design and construction of Rodeo Drive tluough downtown Beverly
Hills. Two miles of Olympic Boulevard was rehabilitated including the consavetion
of direcrional concrete bus lanes. Both projects requued significant public
interacrion with the local communiry.
He also provided on-call consulting services for the Ciry of Newport Beach, CA,
including the design of the Balboa Business District Improvement Project within
the Balboa Peninsula. Through the crearion of a commercial assessment district,
Pnce civil engr
-ies L. Price, PE
Fage 3
funds were raised for the reconstruction of all roadways, sidewalks, bikepaths, and
storm drain systems within the Business District. Again, significant public
inceraction was required due to the project's lugh profile. Large detail was oiven to
pedeshian access treatments, construction materials, and drainage systems which
had to operate below mean sea level.
Transportation/Traffic Engineering Mr. Price has extensive experience in ffansportation, traffic engineering, and
roadway construction. He is very familiar with all aspects of geometric layout,
intersection design, signalizarion, traffic control, roadway lighting construction
phasing, urban design, signing and pavement delinearion, and development of
project design criteria.
He was the project manager for the US 85/87 and SH 29 widening project in the
Colorado Springs, CO providing special event access to the newly wnstructed
Colorado Springs World Arena. This major lughway widening project included the
reconsffuction of a two-lane highway to a four-lane highway plus
acceleration/deceleration lanes with double left turn movements at all intersections.
Complete traffic signalization upgrades and new roadway lighting were also
provided tluoughout the project.
Mr. Price was the lead pioject engineer for the reconstrucrion of MacArthur
Boulevard (State Route 73) through Newport Beach, CA. This 2.5 mile long
roadway upgrade project was financed fluough Calhans and the Ciry of Newport
Beach as part of San Joquin Hills Transportarion Corridor Project.
As part of his infrastructure program management responsibilities at Lowry, he
supervised the Quebec Street Extension Project through the former Air Force Base.
This new major arterial roadway is expected to carry over 35,000 ADT and will
provide an altemarive path to the currently saturated Monaco Boulevard.
He designed detailed traffic handling and construcrion phasing plans for the
enormous I-5/I-405 Freeway Confluence Project in Orange County, CA. Multiple
stage haffic handling plans were required for most consuvction phases. He also
prepazed final pavement delinearion plans for the entire freeway confluence.
Mr: Price was the Project Manager for the US 85/87 and Santa Fe Avenue
Intersection Realignment project within the City of Fountain, C0. This project,
which was almost enrirely fmanced by Federal ISTEA monies, involved the
reconstruction of an existing intersecrion plagued by a poor accident history due to
highly irregulaz roadway geometrics. Several altemarives were evaluated for their
advantages/disadvantages and construcrion cost, and sununarized within the project
design report. Ciry approval was received for the project during Mr. Price's
presentation of the recommended alternarive alignment to the Ciry Council. Several
environmental and design challenges were solved by the consultant through
Price civil engr
James L, Price, PE
Page 4
innovarive solutions such as maintaining existing state highway signalization (as
desired by City Council) through a revised school zone pedestrian wanant.
He designed the Cook Street Estension to Interstate 10 through the City of Palm
Desert, CA. This project, which included the removal and reconsuuction of the at-
grade intersection of Cook Street and Frank Sinatra Drive has received the highest
acclaim from local authoriries including the Palm Desert Ciry Council which called
it "the best intersecrion ever designed and constructed within the Ciry limits,
excelient IayouP".
Land Planning/Site Civil Engineering Mr. Price has provided master planning consultation and design services for multiple
commercial and residential projects including Plaaned Unit Development (P.U.D.)
and single parcel projects. He was the lead project engineer for the Nlorgan Hill
Auto Mall within the Ciry of Morgan Hill, CA. He provided preluninary layout and
£mal design of all roadways and public urilities for this 100-acre commercial site.
Previously, he provided significant engineering design for Highlands Ranch Filing
112A within Douglas County, CO. Arterial, collector, local, and utiliry design were
all key components to the final layout of this 500-1ot residential subdivision.
As part of his program oversight responsibilities, Mr. Price provided transportation
planning, site layout, and impact analysis for the Lowry Employment Campus
commercial site plat within the City and County of Denver, CO. Critical to the
Campus layout was the reuse of the existing roads and urilities which fommed the
signatiue loogroad circulation system. Also critical to the land use and site layout
was the evaluation of existing buildings for possible resale within the commercial
area. Federal Economic Development Authonty (EDA) monies were utilized by the
redevelopment agency for improvements within the loop road Right-of-W ay.
Traftic/Site Impact Analysis Mr. Price is an expert in prepanng Traffic Impact Reports for residential and
commercial site improvements including large scale development projecu requiring
significant off-site capital improvements for 4affic mirigarion. He has extensive
experience representing clients and their projects through all phases of project
development and review including representarion at public meetings.
As part of the hansportation master plaaning for che redevelopment of the former
Lowry Air Force Base in Denver, CQ he developed a comprehensive traffic impact
analysis for the entire 1,866-acre base. This comprehensive analysis formed a data
base for subsequent site specific traffic unpact reports for each phase of
development. This approach provided site wide preluninary background and
horizon year 2010 design data to support trunk infrastructure design while
maintaining flexibility in land use and layout.
Previously, Mr. Price prepared a fraffic impact assessment document for the St.
Price civil engr
',mes L. Price, PE
rage 5
Julien Hotel Development project in dovmtown Bouider, CO. This horel and
commercial retail site was projected to generate hundreds of trips per'day within a
highly sensitive neighborhood, requinng evaluation of multiple Traffic Management
stracegies and multi-modal solutions. Over 20 signalized inrersections were
analyzed for acceptable level-of-service (LOS) throughout the downtown Boulder
grid.
He prepazed a traffic impact report for the 440-acre Renaissance Subdivision
Development project in Longmont, CO. Key buildout horizon volumes were
developed from regional trip data for the southwest Longmont area.
Recommendations for highway access, roadway widening, and intersection
signalizarion were all required as part of the final drafr report.
Education Master of Science in Civil Engineering, University of Califomia - Irvine, 1994
Bachelor of Science in Civil Engineering, Colorado School of Mines, 1990
Professional Registrations/ Registered Professional Engineer, States of Colorado (30056/1994) and California
Affiliations (51776/1993)
American Society of Civil Engineers
Insritute of Transportation Engineers
Work History Matrix Design Group, Inc. (1999- Present)
BRW, Inc., Project Manager (1996 to 1999)
Drexel Barrell & Company, Senior Transportation Engineer (1994 to 1996)
Robert Bein, William Frost and Associates, Project Engineer (1990 to 1994)
Muller Engineering Company, Engineering Technician (1989 to 1990)
Colorado Deparnnent of Transportation, Engineering Aide (1989)
Pnce civil engr
Frederick C. Lantz, PE
Traffic Engineer
N1a~cI~~Crap,
L~usniN P+~µ SWU inm
As owner of Laniz Associates, Mr. LanTi provides Transportation Consulting services
Experience to the private and public sectors. Projects completed include Traffic Impacc Analysis
for developments, Pazking Studies, Access Permits, Traffic Signa] Design and geneml
Traffic Engineering.
As Project Manager of the Transportarion Business Unit at the Graphic Data
Systems Corporation in Englewood, Colorado,lVlr. Lana provided Transportation
Engineering Sofrivare applications for public enriries.
Mr. Lantz was the traffic engineer for the Ciry of Lakewood in Colorado. His
responsibiliries were management of all traffic engineering funcrions for the City of
Lakewood. Approved traffic sign and traffic signal plans and work orders,
reviewed development plans and issued access pernuts. Developed transportation
policies, prepared budgets and represented the City in Transportation matters.
As Transportarion Services Manager for the City of Arvada in Colorado, Mr. Lantz
managed of all traffic engineering, and street and drainage maintenance functions.
Developed policies and budgeu for the Traffic Engineering and Street Division.
Designed traffic signals, prepared and reviewed signing plans, and reviewed and
issued access permits.
Mr. Lantz serded as Spff Traffic Engineer for the City of Louisville, Kenrucky. His
responsibilities included responsibility for signing, striping, development review and
signal operations for one-half of the metro azea.
Education BS, Civil Engineering, University of Krntucky, December 1970
MS, Computer Informarion Systems, Universiry of Denver, June, 1996
Professional Registrations/ Professional Engineer in Kentucky and Colorado
Affiliations Fellow - Insritute of Transportarion Engineers
Work History Lantz Associates, Owner (1997- Present)
Graphic Data Systems Coiporation, Project Manager (1995-1997)
City of Lakewood, Traffic Engineer (1986-1995)
City of Arvada, Transportation Services Manager (1976-1986)
City of Louisville, Kentucky, Staff Traffic Engineer (1971-1976)
Lance-Matnx
J. SCOT ROGERS
ROGERS Areas of Expertise
C OM P A N Y Real Estate Development and Finance
I N C O RP O RAT E D Project Management
Programming and Strategic Planning
iG.<.s:b>.ti:/v44vci5RL!~'~)4vL!e^.:tlR4ti~A.a:3:0:L
Team Building and Leadership
Consensus Building •
Leading-edge innova[ion to Community Re-weaving'
Resolve real esmte chal(enges
Economic Development and Urban Redevelopment
6692 South Columbine SVeet
Littleton C0 80121-2902 USA
Summary of Qualifications and Expertise
teteprane 303347.9020
lacsimile 303347.9040
~en Info@RoCoInc.com Mr. Rogers is the CEO of Rogers Company Inc - a founding member of Housing
intemet www.RoCoInc.com
Solutions- a national consortium of firms providing integrated solutions today to meet
tomorrow's housing needs. He is an energetic, highly creative and organized real estate
professional with a hands-qn approach to getting projects accomplished. W ith over two
decades of experience -rangingfrom architecture and construction to finance and real
estate development - Mr. Rogers has been instrumental at both realizing economic
objectives and simultaneously maximizing project performance.
Mr. Rogers has worked with both public and private entities on large urban development
projects throughoutthe United States, managing comprehensively, coordinating concept
development, public and private financing, land acquisition, design, planning, en-
gineering and construction, as well as securing public consensus for projects.
In 1988, Rogers established his firm to provide special-case solutions to property owners
and developers; directing the resolution of myriad critical project issues, including
governmental approvals, individual parcel developments, complex contract negotiations
and extensions, financing; and in many cases, re-establishing owner/developer control
of - and schedules for - development projects already underway.
A founding member of .
404wio Mr. Rogers has performed as Project Manager/Developer for two ofHUD's Urban Revi-
HOUSING-SOLUTIONSs'^ talization Demonstration (URD/HOPE VI) projects in Deuoit, Michigan and Spring-
www.Housing-Solutions.com field, Illinois. Both URD Revitalization Plans have surpassed HUD's New Urbanism
a 1.888.724.6692
planning goals - alleviating the polarization of low-income people .through housing
types.
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J. SCOT ROGERS (Continued)
Paae
Rogers has extensive experience as an Owner Representative and consulting Rea] Estate
Deve(oper for a variety of other clients, providing preliminary analysis, programming.
site selection, and coordination of design, financing and construction activities.
Capabilities & Experience
RogeYS Company Inc serves as Owner Representative, Consultant and/or Developer for
organizations facing real estate development and urban planning/redevelopment
challenges:
KANSAS CITY KANSAS DEVELOPMENT PLAN - K3t1S8S City, KariSaS
Comprehensive planning for this community of 150,000 with focus on inner City
redevelopment and addressing great need for affordable housing options. Also
completed a HOPE VI grant application for FY2000 for less than $30 million to
leverage a total renewal project of well over $180 million over three years.
INDIANAPOLIS HOUSING AGENCY - Indianapolis, Indiana
Feasibility and Strategic Needs Assessments for all 15 residential properties plus
their Headquarters Office Building and central Maintenance Service Center.
HALL PROPERTIES - Johnson City, Tennessee
Acquisition analysis, for commercial property portfolio.
DevelopmenUdisposition analysis for commercial property portfolio
LIPAN DISTRIBUTION COMPLEX, New Century Energies - Denver, Coloiado
Owner's Rep for design/build construction of this $20 million service center
distribution compiex. Also directed phased personnel moves into the new facility.
FuxNtTURE MANAGEMsxT PLAN, New Century Energies - Denver, Colorado
Comprehensive corporate strategy to manage, acquire and utilize furniture assets.
PUBLIC SERVICE COMPANY OF COLORADO - Denver, Colorado
Kipling Service Center Master Plan to remodel and upgrade major service center.
Gateway Service Center MasterPlan to improve utilization of service center facility.
Pueblo Service Center Master Plan to remodel and upgrade major service center.
Corporate Asset Management strategy formation for all PSCo real estate assets.
Greeley Service Center Master Plan to improve utilization of the facility.
Customer Office Analysis resulted in closure based on economic performance.
HAY HOMES HOPE VI REVITALIZATION PLAN - Springfield, Illinois
Coordination of Plan preparation, financing, development, and community re-
weaving (consensus, political, governmental, etc.)
J. SCOT ROGERS (Continued) Page 3
HIGHI.ANDS REDEVELOPMENT PROJECT - Denver, Colorado
Co-developer for acquisition/renovation of historic rental housing
HERMAN GARDENS URD REVITALIZATION PLAN - DetiOit, MiChlgari
Directed preparation of Plan including paRial demolition application and prelimi-
nary submission to Hi1D for review as well as serving as the key professional
contact and facilitator with Resident Design Team
SCOTT SYS'rEM, INC. - Denver, Colorado
Developed strategic program for expansion of manufacturing firm as owner
representative and directed site selection, design and financing
PALM SPRINGS CLASSIC - Palm Springs, Califomia
Directed planning for this $200 million mixed-use development. Organized public
consensus, acquisition suategies, and broader economic development impacts.
Education & Licenses „
1994 Colorado Real Estate Broker License
1992 Series 7 and 63 Securities Licenses
1985 MBA in Finance, University of Denver, Denver, Colorado
1982 Colorado Real Estate Sales License
1978 BA in Architecture, Washington University, St. Louis, Missouri
Memberships
Metro Denver Homeless Initiative, Director, 2000-
NAHRO, Asset Management Instructor, 1999-
Who's Who in American Business, 1999-
Colorado NAHRO, Asset Management Instructor, 1999
Peabody Neighbors - founder (1999)
National Association of Housing Redevelopment Officials (NAHRO)
DU Real Estate Reseazch Council
Denver Metro Chamber of Commerce, RTD Guide the Ride task force, 1497
Denver Metro Chamber of Commerce (DMCC)
DMCC Transportation Committee, 1997-
Alumni Boazd, DU School of Real Estate & Construction Management
DU Graduate Business Alumni Association, Director
Boys & Girls Clubs of Metro Denver, Director, 1990-93
Wolf Creek Valley Metropolitan Districts I, II, III, & IV, Secretary, 1984-85
Denver Jaycees, Director, 1979
American Institute of Architects (AIA), Associate Member, 1977-83
AIA National Committee on Architecture for Justice, 1977-78
Frederick Ross Company
Frederick Ross Company is the oldest and largest real estate
firm based in Colorado. Founded in 1888 by Frederick
Ross, the company has a history of highly capable, stable
leadership. In order to continue providing its clients with
unpazalleled service, Ross merged its Colorado Springs
operations with Palmer McAllister, the premier commercial
real estate brokerage firm in Colorado Springs for the past
25 yeazs.
Ross today is a full-service organization of some 170
professionais and support staff organized along five major
service lines: brokerage, management, consulting,
Frederick Ross Company development, facilities p(anning, and reseazch. This broad
array of services in one organization produces a constant
cross-fertilization of specialized professional knowledge
and a rich flow of market intelligence.
Regional Strength
With headquarters in Denver and a second office in
Colorado Springs, Frederick Ross's services are readily
available in all Colorado metropolitan azeas. Ross's service
lines aze organized as follows:
• Brokerage Group: The Frederick Ross Brokerage
Group comprises close to 70 professionals specializing
in real estate leasing and sales transactions. In addition
to office, retail, and industrial leasing, the group's
services include tenant representation; acquisitions;
hotel, land, and investrnent sales (office, retail,
industrial, and apartments); site assembty; and portfolio
disposition.
• Real Estate Management Group: This group now
manages more than five mi(lion SF of office, retail,
industrial, and multi-family residential properties. The
group is pazticulazty notable for its effective tenant
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Frederick Ross Company
relations (over 90 percent tenant retention) combined
with efficient management (operating costs consistently
below BOMA averages).
• Consulting Group: The Ross Consulting Group is
nationally recognized for the quality of its market and
financial reseazch and analysis. It is an independent
business unit that provides objective, third-party
counseling and problem-solving services on a fee basis.
Principal services include valuation, strategic planning
and asset management for property portfolios, project
feasibility and mazket direction studies, acquisition and
disposition transaction timing, and real estate and
economic forecasting. Rick Pederson is Senior Vice
President of Frederick Ross Company and the head of
Ross Consulting Group. Rick enjoys a national
reputation for his expertise in investment and market
analysis. Among the clients he has advised on property
acquisitions are Property Trust of America, Miller-
Anschutz, Rockefeller & Associates L.P., and The
Colorado Trust.
• Development Management Group: Ross's
development unit has completed more than 2.5 million
SF of office, industrial, and retail projects. Ross's
services are utilized both by investors requiring
experienced managers for new projects or companies
whose facility needs require build-to-suit solutions.
Ross developers take particulaz pride in their
involvement in public/private partnerships with
municipalities that have enhanced their tax bases by
generating new commercial and retail economic
activity.
• Research Services: An essential component of ail
Ross service lines is up-to-the-minute mazket
information of the highest quality. To track micro and
macro statistics, trends, and projections now requires
the full-time effort of four market research
professionals. Ross Reseazch Services tracks economic
trends such as employment, demographics, and retail
sales as a basis for analysis of regional reatestate value,
pricing, and absorption trends. Without peer in
Cotorado; Ross's database now tracks activity in more
than 700 office buildings, almost 700 retail centers, and
over 1,600 industrial properties.
Frederick Ross Company
Competitive Advantage Through
Market Research and Analysis
Quality information is essential to making good decisions in
a competitive mazket. Traditionally, mazket knowledge was
the highly personalized and closely guarded property of
individual brokers. Information gave them, and their clients,
an advantage in the marketplace.
In today's mazkets, an individual broker's knowledge is not
enough. While the "street knowledge" of individual brokers
is extremely valuable, it must be organized, systematized,
and then processed in a disciplined analytical framework in
order to achieve its maximum usefulness and value.
An essential component of all Ross service lines is up-to-
the-minute mazket information of the highest quality.
Frederick Ross Company offers the most sophisticated and
authoritative real estate mazket research capabilities. Our
database of properties, tenants, owners, investors is
unmatched by any other company in Colorado. Ross
Reseazch Services tracks economic trends such as
employment, demographics, and retail sales as a basis'for
analysis of regional real estate value, pricing, and absorptiou
trends. Ross's semiannual market evaluations and forecasts
aze highly regazded in the real estate and investment
communities, and our research resources are designed for
application to individual projects as well.
Ross's research capability is linked to Ross's Consulting
Group and provides a wide range of market analysis
capabilities for Ross clients, including the following:
. Market forecasts and trend analysis. This service has
been used extensively by national and local investors.
. Office Market Reports on all of Den,ver's
submarkets. This includes rental rate information and
trends, vacancy rates and trends, new construction and
other vital mazket statistics.
. Property management expertise. Because of our
Frederick Ross Company extensive property management operation, Frederick
- Ross Reseazch also tracks operating expenses by
components across different building sizes, types, and
operating systems.
ONCOR Internationai:
Local Control, Worldwide Services
Frederick Ross Company is one of 51 independent real
estate companies that own ONCOR International, the
world's lazgest full-service real estate corporation. ONCOR
companies have some 2,300 real estate professionals in over
200 major mazkets in the United States and 27 foreign
countries in North America, Europe, Asia, South Africa and
Latin America.
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ONCOR companies in 1999 completed 17,461 projects in
total, with a transaction value of $21.2 billion. Corporate
acknowledgment of ONCOR's effectiveness in multi-
mazket situations is evident in the steady increase in
ONCOR projects. Among the companies utilizing ONCOR
services aze GTE, Amdahl, Camp Dresser McKee, AT&T,
McGraw-Hill, Coca-Cola USA, Pepsi-Cola, Unisys, United
Technologies, Tenneco, John Hancock Mutual Life, Ralston
Purina, Contractor's Warehouse, MacArthur Foundation,
Campeau Corporation, Aema, Campbell Soup, Travelers
Insurance, and Morgan Stanley IntemationaL The projects
included office, industrial, and retail leases and sales;
subleases; land sales and purchases; and a variety of
consulting assignments.
ONCOR was formed in 1977 in Houston, Texas, in response
to Houston-based companies' desire to have local
accountability for their real estate projects in other cities.
Because leading independent real estate companies in other
major U.S. mazkets had corporate clients with the same
Frederick Ross Company needs, the ONCOR structure was a natural result
The primary benefit of working with ONCOR companies is
. that projects in distant mazkets are executed by the best-
' qualified brokers in the strongest independent firms in that
market. At the same time, clients maintain close control of
their projects through their relationship with the ONCOR
- company broker in their home market. Unlike so-called
national firms, projects are not simply "handed ofP' to a
broker in the other city. ONCOR projects are managed by
the firm with which the client company has the primary
relationship. Project progress is readily tracked and
controlled under ONCOR's proprietary project management
system.
Ross was one of ONCOR's founding companies. Ross CEO
Jack Box is the ONCOR past Chairman, and Ross
Consulting Group Director Rick A. Pederson is developing
ONCOR's new worldwide real estate reseazch and market
analysis program modeled after Ross's market research and
analysis system.
Frederick RosS Campany
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Experience _
PUBLIC SECTOR CLIENTS
. Aurora Economic Development Council
. Broomfield Redevelopment
• City and County of Denver
. City of Arvada-Urban Renewal Auth.
. City of Aspen
• City of Aurora
• CiTy of Boulder-Urban Renewal
. City of Colorado Springs
. City of Denver-Urban Renewal Auth.
• City of Edgewater-Urban Renewal
. City of Fort Collins
. City of Lakewood
. City of Littleton
. City of Northglenn
. City of Northglenn-Urban Renewal
' . Clayton Found./Cook Inlet Region
. Colorado School of Mines
. Public Service Company of Colorado
. Regional Transportation District
• State Boazd of Land Commissioners
• State Department of Administration
. The Denver Partnership, Inc.
. Town of Avon
• Town of Castle Rock
. University of Southern Colorado
. URS Consultants, Inc.
PRNATE SECTOR CLIENTS
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. American Red Cross
• Air Products and Chemicals, Inc.
. Ameribass Realty
• Archdiocese of Denver
. Bank of Nova Scotia
Ex erience
• Berger Realty,Inc.
• CIGNA Corporation
• Columbia Savings / First Nationwide
• First Chicago Bank
• First National Bank of Colorado Springs
• First National Bank of Englewood
• Guazanty Bank & Trust
• Hewlett Packazd
• Imperial Savings Association
• Information Handling Systems
• Miller & Schroeder Financial
. Mission Viejo Company
• Mobil Land Development Corporation
• NationsBank of Virginia
• Norwest Bancorp
• PNC Bank
. Rancon Financial
• Security Capital
• Union Pacific Realty Company
• University Hills Mall
• The Vanguazd Group
PUBLIC SECTOR CLIENTS
AMERICAN RED CROSS
Ross Consulting Group was retained by the Mile High
Chapter of the American Red Cross for identification and
negotiation to purchase a new headquarters facility in the
Denver metropolitan uea.
Terry Sicilia
Mile High Chapter
American Red Cross
444 Sherman Street
Denver, Colorado 80203
Frederick Ross Company
TEL: (303) 722-7474
AURORA ECONOMIC DEVELOPMENT COUNCIL
As consultant to ECO Aurora, RCG provided an evaluation
of the tas and fee cost to developers for location of projects
in Aurora versus other metropolitan area cities. Aurora Economic Development Council
15701 East lst Avenue, #206'
Aurora, Colorado 80011
TEL: (303) 340-2101
EXpeT1011Ce BROOMFIELD REDEVELOPMENT
Implemented a redevelopment program for the Broomfield
Retail Center. Work included the negotiation of
' sale/financing agreement with Target, assemblage of 5
properties and relocation of 16 tenants (all without
condemnation), and support for the additional development
of 8 new stores.
Chazles Ozaki
City of Broomfield
P.O. Box 1415
Broomfield, CO 80038-1415
T'EL: (303) 469-3301
CITY & COUNTY OF DENVER, COLORADO
Ross Consulting Group has been involved in rivo sepazate
but related real estate projects for the City and County of
Denver:
Experience
1. Strategic Asset Management.
For nine months the Group served as ad hoc real
estate director and defined strategic asset
management policy for the City to implement the
management of real estate.
2. Flnalysis of Economic / Financial Components of
City-Occupied Office Space.
RCG lead the task force responsible for the
identification of economic and financial implications
of current space utilization, and provided the City
with a comprehensive assessment of practical
altemative solutions to pursue in locating all City
administrative staff.
James Munay, Director (formerly)
Deparhnent of Finance
City and County of Denver
110 Sixteenth Street, #400
Denver, Colorado 80202
TEL: (303) 575-2769
CITY OF ARVADA, COLORADO - URBAN RENEWAL
AUTHORITY
The Cttoup's scope of work for the Arvada Urban Renewal
Authority entailed the creation and development of an
extensive Request for Proposal process to sell and develop
200+ acre Urban Renewal tract. To date over 600,000
squaze feet of commercial use improvements have been
constructed. This assignment involved detailed market
assessment, site planning, preparation of RFQ / RFP bid
packages, and the negotiation of sale terms.
Frederick Ross Campany
Robert Marchbanks, Executive Director (formerly)
Arvada Urban Renewal Authority
7307 Grandview Avenue
Arvada, Colorado 80002
TEL: (303) 431-3025
CITY OF ASPEN, COLORADO
Ross conducted an in-depth feasibility analysis for parking
gazages in Aspen, Colorado. The Group's study included
the identification of appropriate sites, project analysis and
development issue assessment, and also entailed
identification of public / private funding sources.
Experience
Tom Baker, Planner
City of Aspen
' 130 South Galena Street
Aspen, Colorado 81611
TEL: (303) 925-2020
- CITY OF AURORA, COLORADO
We have worked for the Prudential Realty Group and
coordinated with the City of Aurora to evaluate the
development opportunities for a 115-acre pazcet adjacent to
the Aurora Mall. This has been a complicated process
because of the previous mixed-use plans for the azea relative
to real development opportunities. We have worked closely
with the property owner, land planners, and the City and
neighborhood groups to formulate a new master plan for the
property.
Ryan Toole, Vice President
Asset Management Division
The Prudential Realty Group
1 Prudential Plaza, Suite 1200
Chicago, Illinois 60601
City of Aurora
1470 S. Havana
Aurora, CO 80012
CITY OF BOULDER, COLORADO - URBAN RENEWAI-
AUTHORITY
We have assisted the Boulder Urban Renewal Authority in
analyzing the redevelopment potentials in the Crossroads
azea. Our primary focus was on "big box" retail
opportunities, consumer demand, city policies, etc. In
Experience addition, we have assisted the Boulder Urban Renewal
Authority in evaluating redevelopment proposals for the
Ninth and Canyon site in downtown Boulder.
Mazk Francis, D'uector
Boulder Urban Renewal Authority
1300 Canyon Boulevazd
' Boulder, CO 80302
(303) 4413276
CITY OF COLORADO SPRINGS, COLORADO
Colorado Springs commissioned Ross to perform an
analysis of all mazket and economic development related
data to serve as the foundation for creation of the City's first
strategic planning effort. Our work included the definition
of a mission for downtown, identification of relative
employment and sales tax goals for downtown, and •the
linking of these with real estate, development and 2oning
concepts to appropriate mazket conditions. Our scope also
included analysis of downtown housing potential and
recommendation of specific demonstration projecu to be
undertaken.
Frederick Rass Company
Fred Uan Antwerp
Comprehensive Planning
City of Colorado Springs
P.O. Box 1575-MC350
Colorado Springs, Colorado 50901
TEL: (719) 578-6300
CITY OF DENVER, COLORADO - URBAN RENEWAL
AUTHORITY
We provided the Denver Urban Renewal Authority with an
evaluarion of feasibility for proposed projects presented to
EXp0T1e11C0 - D.U.R.A. for funding. Our study included prepazing
detailed analyses oF residential and retail markets in the
metropolitan azea and downtown, and recommending
changes in project chazacteristics.
Susan Powers, Executive Director
Denver Urban Renewal Authority
- 999 Eighteenth Street, 92750 - So. Tower
Denver, Colorado 80202
TEL: (303) 295-3872
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CITY OF EDGEWATER, COLORADO -URBAN
RENEWAL AUTHORITY
The Group prepazed a comprehensive mazket analysis and
performed development programming for a mixed use
Urban Renewal azea project.
Cyrus Hackstaff (Developer)
Continental Investment Services, Inc.
730 Seventeenth Street, #500
Denver, Colorado 80202
TEL: (303) 891-1111
CITY OF FORT COLLINS, COLORADO (A)
Development, distribution and evafuation of a
comprehensive survey to measure resident perceptions of
City services and capital improvement projects. The
information derived from this survey was used by the City
Council of Fort Collins to aid in planning long and short-
term budgeting strategies.
Johnie Peazson (formerly)
Department of Economic Development
City of Fort Coliins
P.O. Box 580
Experience Fort Collins, Colorado 80522
TEL: (303) 221-6763
„ CITY OF FORT COLLINS, COLORADO (B)
Ross Consulting Group facilitated the creation of a
downtown strategic plan. The Group was commissioned to
identify and quantify present and likely future mazkets for
the downtown azea of this northern Colorado city with a
population of 90,000 population. Our scope of work
included: the creation of a real estate mazket computer data
base; analysis of mazket, political and physical conditions;
quantification of residential property demand downtown;
prepazation and presentation of resulting recommendations
as a framework for the City's Downtown Plan.
Thomas J. Peterson, AICP
Planning Director
Community Development Department
City of Fort Collins
281 North College
Fort Collins, Colorado 80524
TEL: (303) 221-7376
Frederick Rass Campany
Robert Steiner,
Executive Director
Downtown Development Authority
City of Fort Collins
201 South College
Fort Collins, Colorado 80524
T'EL: (303) 484-2020
CITY OF LAKEWOOD, COLORADO
The City of I,akewood commissioned our Group to shvcture
altemative development strategies for public-owned
Experience property in Union Squaze which met approval of
neighborhood community groups while maximizing City's
potential return on investment.
' John Mullins, (formerfy)
Departrnent of Economic Development
City of Lakewood
445 South Allison Pazkway
Lakewood, Colorado 80226-3105
T'EL: (303) 987-7730
CITY OF LITTLETON, COLORADO
Ross prepazed an in-depth study of mazket uses and best-
development strategies for a 135-acre site in the City. Our
scope of work involved the performance of detailed physical
and mazket analyses, and the formulation of unique
assembly / timing recommendations.
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James Woods, Director (formerly)
Community Development Department
City of Littleton
2255 West Berry Avenue
markets, evaluated existing housing studies and programs as
well as coordinated with local officials to explore
cooperative housing ventures.
The Archdiocese Housing Office has since built an 80 unit
development in Glenwood Springs, and is now exploring the
potential for up to three additional developments in vazious
resort areas of Colorado.
7ohn McGuire, Registered Architect
Manager of Properties and Real Estate
Archdiocese of Denver
200 Josephine Street
Experience Denver, Colorado 80206
TEL: (303) 388-4411
BANK OF NOVA SCOTIA
Ross analyzed the present and proposed housing mix in a
relatively unsuccessful, partially developed golf course
. project for the foreclosing bank. Included in our scope of
work were the prepazation of residential absorption
forecasts and the development of recommendations as to the
handling and disposition altematives for the golf course
facilities.
Bazbaza J. Brown, Senior Representative
Bank of Nova Scotia
55 West Monroe, #3590
Chicago, Illinois 60603
T'EL: (312) 346-5520
BERGER REALTY, INC.
We were retained by Berger to establish planning
assumptions for the proposed mixed-use development of
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potentially 1 million squaze feet on a IS-acre holding
adjacent to downtown Denver, Colorado.
Bruce Berger, President
Beiger Realty, Inc.
960 Cherokee Street
Denver, Colorado 80204
TEL: (303) 572-1188
CIGNA CORPORATION
Our Group was responsible for the review of all corporate
facilities located in Philadelphia, Pennsylvania, and
Experience Hartford, Connecticut, which were owned by this Fortune
500 insurance and financial services company. Ross
Consulting Group then recommended an organizational and
. staffing plan to maximize corporate facility services and
' simultaneously minimize cost of service delivery.
Bob O'Neill, Senior Vice President
- Real Estate Department
CIGNA Corporation
1650 Arch Street, T-17
Philadelphia,Pennsylvania 19103
'I'EL: (215) 523-2108
COLUMBIA SAVINGS / FIRST
NATIONWIDE BANK
~ Ross provided continuing analyses of economic,
' demographic and real estate conditions retating to 220+
~ assets in 44 cities nationwide to assist the institution and
' FDIC in decision making regazding values and hold versus
sell actions.
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Don Boyson
Columbia Savings
2323 East Arapahoe Road, 2nd Floor
Littleton, Colorado 80122
TEL: (303) 795-3069
FIRST CHICAGO BANK
The Consulting Group assisted F'ust Chicago Bank in their
evaluation of real estate mazket conditions surrdunding
major properties within the bank's loan portfolio. We were
instrumental in evaluating current and projected market
value of office and retail properties in nine major cities
EXper1e11Ce across the United States. We also helped First Chicago in
the appropriate definition of reserves against that loan
portfolio.
' David Behling
First Chicago Bank
One First National Plaza, #0170
- Chicago, Illinois 60670
T'EL: (312) 407-5182
FIRST NATIONAL BANK OF
COLORADO SPRINGS
Ross was involved in the disposition of a 64-acre pazcel
excess to trust estate. RCG's assignment entailed
environmental assessment, property valuation, prepazation
of sealed bid package, identificafion of qualified buyers, and
sale implementation which resulted in the highest PSF value
paid for residential ground in southern Colorado.
J. Douglas Kelly, Vice President
First National Bank of Colorado Springs
P.O. Box 1699
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Colorado Springs, Colorado
TEL: (719)471-5000
FIRST NATIONAL BANK OF
ENGLEWOOD
We have assisted First National Bank of Englewood on
severa( real estate assessment projects, including:
1. Evaluation of the fair mazket value of a 66-acre
fairground property under foreclosure by the bank.
2. Evaluation of the fair mazket value of a 450 acre
Experience pazcel of potentially contaminated land being
considered by the bank as compensation under
bankruptcy proceedings.
. Steve Driscoll
First National Bank of Englewood
300 West Hampden Avenue
Englewood, Colorado 80110
GUARANTY BANK AND TRUST
Ross Consulting Group completed an analysis of the
Wintergreen property at Keystone and specifically the
realistic development opportunities for the site. In our
analysis we looked at a broad range of potential
development opporiunities including employee housing,
lower density housing and resort condominiums.
David Boyles, President
Guazanty Bank and Tntst
Seventeenth and Mazket Streets
Denver, Colorado 80202
TEL: (303) 296-9600
Frederlck Rnss Campany
HEWLETT PACKARD
We are currently invo(ved in preparing a strategic plan for
the disposition of 35 HP-owned office properties located
throughout the United States. This analysis entails
assessing the best "fit" of company to real estate;
identifying appropriate a(ternatives to cuaent locations, be
they lease or build-to-suit; conducting all fmancial analyses
regazding scenazio planning; and, recommendation of
locational solution and disposition strategy of existing
assets.
Experience Bob Brackin
Hewlett Packard
20 Perimeter Boulevard
' Atlanta, Georgia
TEL: (404) 648-8911
IMPERIAL SAVINGS ASSOCIATION
Our Group was responsible for the Creation of a strategic
plan involving analysis and exclusive sales representation of
a 22 asset portfolio valued at $125 million, that
encompassed 8 states, for a major southem Califomia-based
thrift institution. Our work included extensive property and
market analyses and solicitation of purchase ofFers via an
RFQ / RFP process involving over 200 purchasers /
developers.
Lloyd Rowland, Vice President
Imperial Savings Association
9275 Sky Pazk Court
San Diego, California 92123
"I'EL: (619) 292-3000
INFORMATION HANDLING SYSTEMS
RCG analyzed Denver market conditions and reviewed
existing site configuration for developmenf of a new world
headquarters building and expanded manufacturing facility
for IHS in southeast Denver. We d'uected team selection,
building design, pricing, contract negotiation and
construction of a 65,000 squaze foot building.
IHS Group, Inc.
15 Invemess Way East, Building B
Englewood, Colorado 80150
TEL: (303) 790-0600
Experience
MILLER & SCHROEDER FINANCIAL
Ross Consulting Group has recently conducted an analysis
of the commercial real estate mazket in Chazleston, South
Cazolina, anticipating closure of the naval base facility
there. Involved in this work was the determination of the
likely"impact of base closure upon a 500 unit apartment
complex in Chazleston; our recommendations included
suggestions to mitigate impact on occupancy levels and
project expenses.
Denice Holstad
Assistant Vice President
Miller & Schroeder Financial
220 South Sixth Street
Minneapolis, Minnesota 55440-0789
TEL: (612) 376-I500
MISSION VIEJO COMPANY
We prepazed an in-depth analysis of several sites and
development concepts in Douglas County, Colorado, to
determine highest and best use and timing of office,
industrial and commercial development.
Experience
Robert Bunyan, Director of Planning
Mission Viejo Company
24800 Chrisanta Drive
Mission Viejo, California
T'EL: (714) 431-3025
MOBIL LAND DEVELOPMENT CORP
RCG conducted a mazket analysis to determine correct mix
of housing types and absorption potential at a lazge
residentiai development in Douglas County, Colorado.
Jerry Lawson
Mobil Land Development Corporation
' 7315 East Orchazd Road, #400
Engiewood, Colorado 80111
TBL: (303) 740-7580
NATIONSBANK OF VIRGIlVIA
For the Trust Deparhment ofNationsbank of Virginia, Ross
Consulting Group reviewed a collateralized loan portfolio
consisting of 92 loans secured by commercial properties
located primarily in Virginia, North Cazolina and South
Cazolina. We received the portfolio, developed a Request
for Proposal for providing performing loan servicing as wel(
as special servicing for non-performing loans, assisted in the
selection of a provider and the Uransition of such services.
Ross Consulting Group reviewed the non-performing
properties and continues to assist NationsBank in
determining the best course of action to maximize value to
certificate holders as well as to provide effective
communication to the Trvstee and certificate holders.
William J. Kennedy, Sr. Vice President
NationsBank of Virginia, N.A.
600 East Main Street, 17th Floor
Richmond, Virginia 23219
TEL: (804) 344-1334
NORWEST BANCORP
1. Value and strategic hold/disposition plans for key
bank properties. Involved concepts of fair market,
special use, and fair rental valuation.
Experience 2. Developed alternative hold / disposition strategies for
several pazcels located in downtown Boulder,
Colorado.
' (1) James Swaeby, (former) V.P.
(2) Kirby Martin
Norwest Banks of Colorado
- 1700 Broadway
Denver, Colorado 80274
PNC BANK
Ross Consulting Group was retained by PNC to assist them
in assessing current levels of facilities management
services, developing a Request For Proposal (RFP)
document to outsource certain facilities management
services for key downtown properties, preparing a ranking
of vendor responses by criteria previously established, and
negotiating final contracts with preferred service providers.
Charlene Donovan, Vice President
Division of Facilities Management
PNC Bank
200 Stevens Drive, #130
Lester, Pennsylvania 19113
T'EL: (215) 521-7848
Experience
RANCON FINANCIAL
Ross Consulting Group provided a comprehensive analysis
of a 300 acre parcel south of San Diego, California, to
evaluate value and best use / mazketing strategies for a large
Califomia-based real estate fund manager. We then
continued our work to implement recommendations.
Dennis Chiniaeff
Rancon Financial
27720 Jefferson Avenue
Temecula, Califomia 92390
TEL: (714) 676-6664
SECURITY CAPITAL
Ross Consulting Group conducted due diligence analyses on
several mazkets in Colorado and Texas for Security Capital,
the exclu'sive property advisor to Property Trust of
America-a lazge publicly held real estate investment trvst,
which included the recommendation of locations and
pazameters for purchase of industrial properties by the
REIT.
Tom Wattles, Managing Director
Security Capital Industrial Incorporated
125 Lincoln Avenue
Santa Fe, New Mexico 87501
TEL: (505) 982-9292
UNION PACIFIC REALTY COMPANI'
Having successfully completed several projects for Union
Pacific Realty, our scope of services has varied with each
assignment. Representative types of projects performed
include:
• Site Evaluation and Planning. For several land parcels
neaz Denver, Loveland and Fort Collins, Colorado,
RCG work involved extensive analyses of raw ground
and study of demand for various types of existing
buildings.
Experience • Development Potential and Feasibility Analyses. For
Union Pacific Railroad properties located in the Central
Platte Valley azea of Denver, Colorado.
• Analysis and Recommendations. Regarding the
potential physical, mazket and economic impacts of the
new Denver Intemational Airport on proximate private
properties.
• Analysis of Special Improvement Districts. On land cost
which invotved identifying and defuung types of special
districts, case studies of such districts and land costs in
several business pazks, and the development of
worksheets to be used by potentiai investors to
determine the long-tertn costs of special districts.
Mr. Don Wolkins
Union Pacific Realty Company
1416 Dodge Street, Room 4I100
Omaha, Nebraska 68179
TEL: (402) 271-2182
LJNIVERSITY HILLS MALL
We aze managing the redevelopment of the University Hills
Sfiopping Center in Denver. Included is the identification
of development opportunities, coordination with the City of
Denver, Denver Urban Renewal Authority, surrounding
neighborhood associations, old tenants, perspective new
tenants, lenders, eta The program is designed to position
the property for redevelopment over the next 18 to 24
months.
Cynthia Shed
University Hills, Inc.
Experience 13701 W. Jewell Ave., #200
Lakewood, CO 80228
TEL: (303) 986-6262
' TfM VANGUARD GROUP
For a major national mutual fund, RCG has assisted in the
- redefinition of corporate real estate department
organization, function and philosophy as it prepares to
construct a 1 million square foot corporate campus in
Pennsylvania. Elements of our plan include review of the
company's real estate organization and decision-making
processes; in-house versus third party providers and
appropriate costs; and, the preparation of organizational
charts, job descriptions and salary / compensation
techniques for all remaining corporate real estate staff.
Dan Fishbein, Assistant Vice President
The Vanguazd Group, Inc.
1300 Morris Drive
Wayne,Pennsylvania 19087
TEL: (215) 669-6391
Littleton, Colorado 80165
TEL: (303) 795-3748
Experience
CITY OF NORTHGLENN, COLORADO
We have worked with the City of Northglenn and the
Northglenn Urban Renewal Authority relative to the
redevelopment potentials for the Northglenn Mall. Our
focus has been on identifying development opportunities,
evaluating the retrofitting versus demolition of the existing
mall, amount and form of public contribution, disposition
and development agreement, etc.
James M. Landeck, Executive Director
11701 Community Center Drive
Northglenn, CO 80233
(303) 450-8743
CITY OF NORTHGLENN, COLORADO - URBAN
RENEWAL AUTHORITY
For the City of Northglenn, Colorado, Ross Consulting
Group was retained as Owner's Representative in the
negotiation with a private developer to redevelop a 1 million
squaze foot regional shopping center. RCG's assistance
included project scope and defmition, negotiation of
fmancial terms and construction contracts as well as mazket
feasibility analysis for proposed redevelopment plans.
Northglenn Urban Renewal Authority
10544 Melody Drive
Northglenn, Colorado 80234
TEL: (303) 450-8937
THE CLAYTON FOUNDATION / COOK INLET
REGION, INC.
The Group conducted an assessment of development
potential and prepazed a complete feasibility analysis for a
200-acre infill property to accommodate privately owned
mixed-use development. -
Adele Phaelan, Director
The Clayton Foundation
3801 Martin Luther King Drive
Denver, Colorado 80205
T'EL: (303) 355-4411
Experience
Frank Klett, Vice President
Cook Inlet Region, Inc.
2525 "C" Stieet, #500
Anchorage, Alaska 99509-3330
TEL: (907) 274-8638
COLORADOSCHOOL OF MINES FOUNDATION, INC.
We provided the Colorado School of Mines Foundation with
a valuation of 30 acres of quasi-public land and five
structures, ranging from office buildings to laboratories and
office/showroom facilities, in order to determine an
appropriate sale price, muketing strategy and reuse
potential. Our scope involved concepts of fair mazket value,
continued use / special use value, scrap value, fair rentai
value, and reuse value.
Ken Dike, Treasurer
Colorado School of Mines Foundation
1811 Elm
Golden, Colorado 80401
T'EL: (303) 273-3143.
PUBLIC SERVICE COMPANY OF COLORADO
Experience
For Colorado's lazgest public utility services provider, Ross
Consulting Group has prepazed a strategic decision-making
process for corporate real estate. This process began with
a definition of an appropriate corporate real estate
deparhnent, then outlined timing and input into real estate
decision-making initiatives, further defined fmancial '
analysis hurdle rates and techniques, and developed
descriptive implementation plans.
Other projects completed by RCG for Public Service
Company include:
1. Evaluation of two sites (one raw ground, one land and
buiidings) to determine site value, marketability,
disposition / development recommendations.
2. Analysis of headquarters office building in downtown
-Denver to determine value and recommend a
strategic marketing plan for the use or disposition of
this•350,000 squaze foot real estate asset.
Charles R. Luna
Strategic Planning & Development Coordination
Corporate Facilities and Real Estate Division
Public Service Company of Colorado
1225 Seventeenth Street, #1900
Denver, Colorado 80202
TEL: (303) 294-2493
REGIONAL TRANSPORTATION DISTRICT
Our Group conducted an analysis of revenue potential in
seven proposed fixed guideway rapid transit corridors in
metropolitan Denver. This study included complete
inventory of commercial space, economic forecasts and
computer modeling of revenue generation from vazious
sources including head taxes, creation of tax increment
finance districts and Title 32 special districts.
Experience
Investrnent Administrator
Regional Transportation District
1600 Blake Street
Denver, Colorado 80202
TEL: (303) 628-9000
STATE OF COLORADO - ADMINISTRATION
DEPARTMENT
For the Colorado Department of Administration our scope
of work entailed conducting an in-depth investigation of
facility, needs and accommodations, prepazing a
comprehensive defmition of existing conditions, and
submitting recommendations for future improvement
potential and utilization of the State Capitol complex which
is comprised of 7 historic buildings.
E. Robert Turner, Director (formerly)
Departrnent of Administration
State of Colorado
1525 Sherman Street, Room 200
Denver, Colorado 80203
T'EL: (303) 866-3221
STATE OF COLORADO - BOARD OF LAND
The Consulting Group has worked with the Colorado State
Board of Land Commissioners on numerous projects over
the yeazs. In addition to providing on-going consultations
to the Boazd, we have also provided the following services:
Experience
• Analysis of developability, packaging of development
oppor[unity, prepazation of request for developer
proposals, as well as mazketing and developer selection
processes for a 200-acre property owned by the State
located in the City of Arvada. Included: mazket and
economic feasibility analyses, physical / political
analyses, land use planning.
• Creation of a strategic asset management plan for all
real estate assets owned by the State Land Boazd. Work
included data coliection and analysis conceming key
urban land assets within a 3 million-acre inventory, and
formation of a step-by-step strategic plan for
implementation of real estate asset management.
Additionally, a policy document governing current and
future real estate decision-making was completed
involving sale guidelines, portfolio management
considerations, rate of return recommendations, Urban
Lands Program organization, and staffing.
Lucy Creighton, President
Colorado Board of Land
Commissioners,
1313 Sherman Street, Room 620
Denver, Colorado 80203
TEL: (303) 866-3454
T'fE DENVER PARTNERSHIP, INC.
Ross Consulting Group has performed a vaziety of services
for the Denver Partnership. Representative projects include:
1. Community Outreach and Attitudinal Reseazch. The
Group conducted a survey of downtown Denver
employees to identify and assess public attitudes
about residential housing in the City's downtown
areas. Our study included the development and
facilitation of a comprehensive survey, in-depth
analysis of residential mazkets in metropolitan
Denver and downtown, and the formulation of
conclusions regazding demand for rental and
ownership housing downtown.
2. Mazket Research and Economic Analysis. We
prepared a detailed study on the downtown Denver
;xperience a=ea ana its role in the metropolitan market and
economy as a basis for development of a downtown
azea plan.
The Deiiver Partnership o
511 Sixteenth Street, #200
Denver, Colorado 80202
TEL: (303) 534-6161
TOWN OF AVON, COLORADO
Ross participated in the Town's Public / Private
development program addressed at identifying demand for
a shopping center in Avon, Colorado, by assessing the need
for public incentives and bringing a developer into the
process. Ross Consulting Group negotiated land sale,
development plans and infrastructure requirements on
behalf of the Town. The project resuked in the matching of
publicly held land and a private developer to design and
consiruct a Wal-Mart anchored shopping center.
With another project assignment, we assisted the Town
Manager and Town Council in evaluating and structuring an
Frederick Ross Company
employee housing development program in Avon. Our role
was to evaluate the feasibiliry of vazious proposals as well
as to assist the Town in the structure and negotiations of
Town participation. In 1991, the Town of Avon assisted
private developments in the successful development of the
240-unit Eagle-Bend employee housing project.
William James, Town Manager
Town of Avon
P.O. Box 975
Avon, Colorado 81620
TEL: (303) 949-4280
?xperience TOWN OF CASTLE ROCK,
COLORADO
We have assisted the. Town of Castle Rock in the
implementation program for their downtown plan. Inc(uded
has been the identification of mazket opportunities, funding
altematives, specific implementation activities, etc. In
additiQa, we aze managing the new development of a 40-
acre commercial pazcel in the Town of Castle Rock for a
private owner.
Brad Haswell
RNL Design
1225 17th Street
Suite 1700
Denver, CO 80202
T'EL: (303) 295-1717
Town of Castle Rock
680 N. Wilcox
Castle Rock, CO 80104
IJNIVERSITY OF SOUTE-IERN COLORADO
Our Group advised the USC Departrnent of Agriculture on
the selection of a developer and assisted them in
negotiations for the devetopment of a 575-acre University-
owned parcel. Planned use for the pazcel is to accommodate
a lazge-scale residential / commercial / recreational project.
The result of our work was a joint venture agreement
between the University and David Sellon Company / Otero
Savings and Loan.
Bob Shirley, President
University of Southern Colorado
~XpeT'1e11Ce 2200 BonfoRe Boulevard
Pueblo, Colorado 81001-4901
TEL: (719) 549-2306
URS CONSULTANTS, INC.
Ross conducted an analysis of special district revenue
capacity for the northwest section of Denver's proposed
new ring road (W-470). Our scope of work included a
performing a quantitative study of commercial property
inventory, preparing detailed economic forecasts, and
developing residential dwelling unit projections for the W-
470 corridor and the entire metropolitan uea. Results from
our work included estimates of revenue generation through
the yeaz 2010.
Geoff Baillie, Vice President (formerly)
URS Consultants, Inc.
1099 Eighteenth Street, #700
Denver, Colorado 80202
TEL: (393) 296-9700
PRIVATE SECTOR CLIENTS
AIR PRODUCTS AND CHEMICALS
Ross Consulting Group was retained by APCI to prepare a
strategic plan for its corporate campus located in Denver
and to recommend appropriate occupancy strategies given
market conditions. A decision was made to consolidate
ACPI's position; RCG acted as advisor in the sale of the
company's owned properry.
Ted M. Pazcel, Director
Corporate Real Estate Depariment
~XpPrT1eI1Ce Air Products and Chemicals, Inc.
7201 Hamilton Boulevazd
Allentown, Pennsylvania 18195
TEL: (2•15) 481-5913
AMERIBASS REALTY
We pravided Ameribass Realty with an assessment of
mazket position and created a comprehensive marketing
strategy for a major downtown office, retail, residential and
hotel complex located in Atlanta, Georgia.
Donald W. Hutchings, Vice President
Ameribass Realty
1800 Water Place, Suite 280
Atlanta, Georgia 30339
ARCHDIOCESE OF DENVER
We have assisted the Archdiocese of Denver and the
Archdiocesan Housing Office in exploring needs and
opportuniries for employee housing in the various ski azeas
in Colorado. In this process, we have identified housing