1-Financial Capability Form.pdf
PDF 130 KB Posted
- Attached to
- REDEVELOPMENT OF CITY-OWNED PROPERTIES
- Solicitation number
- RFSQ-ED-26-23
- Issued by
- Flagler County, Florida
About this file
This is a Developer Financial Capability Certification form required by the City of Palm Coast, Florida for qualified development teams submitting qualifications to redevelop two city-owned parcels within the Palm Coast Community Redevelopment Area (CRA). The parcels consist of approximately 7.793 acres and 8.5 acres respectively. Developers must demonstrate financial capacity to undertake the proposed redevelopment project and certify the availability of financial resources including equity capital, access to construction financing, relationships with institutional lenders or capital partners, and prior successful financing of comparable development projects. The form requires completion of developer information including entity name, principal contact details, address, and phone/email contact information.
Supporting documentation required during the negotiation process includes a letter from a financial institution confirming the relationship, evidence of equity capacity, a summary of prior project financing, and identification of capital partners as applicable. An authorized representative must sign and certify that the information provided is accurate and that the development team possesses the necessary financial capability to pursue the proposed redevelopment project. The certification serves as evidence of the development team's financial qualifications and commitment to the project during the response and evaluation process.
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Text version
Developer Financial Capability Certification This certification form is intended to provide the City with evidence of the financial capacity of the development team proposing redevelopment of City-owned parcels within the Community Redevelopment Area.
Developer Information Developer / Entity Name: ______________________________
Principal Contact: ____________________________________
Address: _____________________________________________
Phone / Email: _______________________________________
Financial Capacity Representation The undersigned developer certifies that the development team possesses the financial capacity necessary to undertake the proposed redevelopment project and represents that the following financial resources may be available to support the project:
• Equity capital available for the project
• Access to construction financing
• Relationships with institutional lenders or capital partners
• Prior successful financing of comparable development projects
Supporting Documentation (these items will be required during the negotiation process)
• Letter from financial institution confirming relationship
• Evidence of equity capacity
• Summary of prior project financing
• Identification of capital partners, as applicable
Certification I certify that the information provided herein is accurate to the best of my knowledge and that the development team has the financial capability to pursue the proposed redevelopment project.
Authorized Representative: ____________________________
Title: _______________________________________________
Signature: ___________________________________________
Date: ________________________________________________
| Developer Information |
| Financial Capacity Representation |
| Supporting Documentation (these items will be required during the negotiation process) |
| Certification |
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