09-25 Addendum .pdf

This document is an Addendum related to an Invitation for Bid (IFB) issued by the City of Hopewell, Virginia for the lease of the Marina Store Building located at 1051 Riverside Ave, Hopewell, VA 23860. The purpose of the IFB is to enter into a 3-year real estate lease contract, from July 1, 2024 to June 30, 2027, with a qualified company. The minimum base rent is $1,350 per month, with a 3% annual escalation starting in the second year. The selected bidder will be required to complete all improvements to the 1,350 square foot premises at their own cost, while the City will be responsible for operating expenses, property taxes, utilities, and building maintenance. Bids are due by 11:00 am on May 23, 2024 and will be publicly opened on the same date.

The IFB does not specify any set-aside designations or restrictions on the types of organizations that can respond. The City has not listed any incumbent vendors or current contractors, nor has it mentioned any existing infrastructure or technology that requires integration. The IFB does not provide a specific award value or budget range, but indicates that the City will negotiate with the lowest responsive and responsible bidder if the bids exceed the available funds.