Wheeler RFP Questions and Answers
Q: Can you share the prior 3 years financials and ytd for our review?
A: Income Statements can be found at https://sites.google.com/view/wheelerrfp/wheeler-rfp-income-statements.
Q: Is there a time we can walk through the property?
A: The Wheeler Block Inspection Date is on Monday March 27, 2017.
Q: Is there a commercial tenant in the 1030 Orange building and if so, what is the term of the lease?
A: The 1030 Orange building is currently under a lease to Joyful Noise Recordings LLC. The lease runs through June 30, 2019.
Q: Do financials have to be disclosed before the Project Award Date?
A: Yes. SEND will need to see financials to properly weigh all applications. SEND is willing to sign a Non-Disclosure Agreement (NDA) upon request.
Q: I submitted a letter of interest do you need a letter of registration?
A: For our purposes, these terms are interchangeable. A sample letter that can be submitted on letterhead is provided in the RFP.
Q: Would you provide us with a breakdown of units in terms of size and rent for each unit for both residential and commercial as well as the square footage of all vacant space.
A: Residential Rent Roll:
rent_roll-20170317.pdfQ: When is the Wheeler Block inspection?
A: The Wheeler Block Inspection is on Monday, March 27, 2017 from 10:00-5:00. Please e-mail brad@sendcdc.org to schedule a time. This is not required, but will help SEND manage the flow. Agenda is below.
AGENDA
Wheeler Block Buildings
Property Inspection
Conducted by: Southeast Neighborhood Development (SEND)
Starting Location: 1035 Sanders Street
Suite 118
Indianapolis, IN 46203
Date: Monday, March 27, 2017
Time: 10:00 A.M. to 5:00 P.M.
Public Parking is available along the East side of the Main Building
Visitors should enter thru the Front Door at the North end of the Main Building where a security panel with unit numbers is located. Press the button for #118 to gain entry
A SEND representative will meet with you and explain the schedule for the walk thru inspection
The property consists of three (3) buildings. The inspection tour will include the following, in approximate order:
Wheeler Arts Apartments
(Main Building)
Basement
Plumbing, Venting, and Environmental System
First Floor
SEND Office Space
Class Room Space
Office #111
Theater Space
Common Area/Restrooms
Laundry Facilities
Freight Elevator
Electrical Service Areas
HVAC Service Areas
Second Floor
2 Commercial office spaces
1 Affordable Rent Apartment
1 Market Rent Apartment
Laundry Facilities
HVAC Service Areas
Roof
Roof Mounted Cooling Units
Warehouse
Walk-thru
1030 Orange Office Building
Office Space
Loft Space
Kitchen
Restrooms
Walk-thru
Roof
Roof Mounted HVAC
Exterior
Perimeter walk around entire property
ANY QUESTIONS PERTAINING TO INFORMATION REQUIRED TO COMPLETE THE RFP MUST BE SUBMITTED IN WRITING/EMAIL TO SEND AFTER THE INSPECTION. ALL QUESTIONS/ANSWERS WILL BE POSTED TO THE WEB SITE FOR REVIEW OF BENEFIT OF ALL PARTICIPANTS. THESE QUESTIONS WILL NOT BE ANSWERED DURING THE INSPECTION TOUR
If you could let SEND know what time Monday, March 27th, you plan to attend the inspection, we can more efficiently conduct the tours. We appreciate your cooperation in this.
Thank you so much,
SEND Staff
AGENDA for Wheeler Block Inspections 3-27-17.docxQ: How many square feet do the SEND’s offices currently occupy?
A: SEND’s space is approximately 5,500 sq.ft.
Q: Do you know how many units you are wanting to keep restricted at 80% AMI?
A: That the number is not set but will be determined thru the proposal process.
Q: Can you provide the year-to-date operating statement for the Wheeler?
A: The income statements up to 12/31/16 are available at https://sites.google.com/s/0B9qXSvtGb1YvN3A4Vkl6SWVBamc/p/0B9qXSvtGb1YvR1BjcEFCU040TVk/edit. This is the most recent financial statement that we are providing.
Wheeler Arts Income Statement Janaury 2014 to December 2014.pdfWheeler Arts Income Statement January 2015 to December 2015.pdfWheeler Arts Income Statement Janaury 2015 to December 2015.pdfWheeler Arts January 2016 Income Statement.pdfWheeler Arts Income Statement February 2016 to December 2016.pdfQ: What are the current payoff terms of any debt on the property? Are there any penalties?
A: SEND has used the Wheeler as collateral for a consolidation loan for $932,335.00. It is SEND's intent to pay off this loan with proceeds from the sale or partnership of the subject property. Promosory note is below.
Wheeler Arts Promissory note.pdfQ: Will SEND consider taking and equity state in the building; if so, what is the desired level of such stake?
A: This is not pre-determined. It will be determined thru the proposal process.
Q: What is the closing time frame desired by SEND?
A: This is not pre-determined. It will be determined thru the proposal process.
Q: What is the past annual operating costs for the remediation system described in the Environmental Restrictive Covenant?
A: There have not been any operating costs for the remediation system with the exception of the electricity used to power the system.
Q: What are the projected costs for the next 5 years and the closeout costs for the remediation system?
A: There are no known fixed costs. It is the Owner's responsibility to ensure that the system is functioning properly, making any repairs and/or replacements that may be necessary.
Q: What are the closeout costs for the remediation system with IDEM?
A: The system deals with the byproduct only. It keeps the indoor air within the building safe. It does not address the source. There is no closeout as the groundwater is not being remediated.