EXHIBIT 3A EVALUATION CRITERIA.pdf

EXHIBIT 3A

EVALUATION CRITERIA

Transit Oriented Communities Economic Development Program Pilot Investment Fund Program Administration Services

Any proposals resulting from this Request for Proposal (RFP) will be evaluated according to the following criteria and associated weights. Sub-criteria are equally weighted.

The Evaluation Criteria will consist of two steps. Step 1 will be based on Minimum Qualifications Requirements (Pass/Fail) and Step 2 will be based on weighted evaluation factors/criteria.

Proposers must first meet the Minimum Qualifications Requirements of the Evaluation Criteria. Any Proposer not meeting the Minimum Qualifications Requirements shall be deemed non-responsive to this RFP and will not be evaluated further.

Those proposers that meet the Minimum Qualifications Requirements will continue in the evaluation process and proposals will be evaluated against the weighted evaluation criteria detailed herein.

The Minimum Qualifications Requirements and the weighted evaluation factors are described below in greater detail.

Minimum Qualifications Requirements (Pass/Fail) The Minimum Qualifications Requirements will be evaluated on a Pass/Fail basis. A fail score on the Minimum Qualifications Requirements shall render the proposal unacceptable, and it will be eliminated from further consideration.

Only those Proposers who have met the Minimum Qualifications Requirements will be evaluated further on the weighted criteria described therein. The evaluation may, at Metro’s discretion, be augmented by verbal or written requests for clarification, or additional information as necessary to determine whether the minimum technical qualifications requirements can be met.

Weighted Evaluation Factors/Criteria Any proposals resulting from this RFP will be evaluated according to the following criteria and associated weights; provided Step 1 - Minimum Qualifications Requirements (Pass/Fail) criteria have been met.

Step 1: Minimum Qualifications Requirements (Pass/Fail)

Does the Contractor have a valid Commercial Finance Lender License issued by the California Department of Financial Protection and Innovation (DFPI) and is in good standing with the California Secretary of State and is the Contractor a certified CDFI.

OR

Is the Contractor regulated by one of the following federal entities, Federal Reserve, OCC, FDIC, NCUA? If yes, please provide a copy of the license in Tab 9.

Yes No

Additionally, proposers must respond to the preferences below. These activities will help expedite the implementation of the Fund with added efficiency.

1) Does the Contractor acknowledge that Board approval of the program guidelines is a condition precedent to disbursing funds for the EDP Pilot Investment Fund (see SOW Task 1.3)?

2) Is the Contractor knowledgeable of and willing to participate as a financial institution in the CPCFA California Capital Access Program (CalCAP) and the Collateral Support Program (see SOW Task 1.4).

Financial institutions can begin enrollment with this one-page form.

3) Is the Contractor familiar with IBANK Financial Development Corporations (FDCs) to provide loan guarantees through the California Small Business Credit Initiative (see SOW Task 1.4).

To enroll to participate in IBank’s Small Business Loan Guarantee Program, email them HERE.

4) Is the Contractor able to guarantee that all lending and technical assistance under this award will be provided within the Fund Service Area only.

5) Is the Contractor committed to transparency and audit of activities.

6) Does the Contractor have the ability to lend up to $5 million for a single loan? Yes No https://www.treasurer.ca.gov/cpcfa/calcap/forms/application.pdf mailto:SSBCI@IBank.ca.gov

Step 2: Weighted Evaluation Factors/Criteria

1) Qualifications and Experience of the Team 20 POINTS

Proposer shall demonstrate the following:

a) Overall skill and experience, personnel and organization resources related to administering Fund, or a similar program with effective outreach methodologies as described in the scope of services.

b) Prior experience administrating loan programs for small businesses.

c) Knowledge of working with small businesses through hardships such as low credit scores, lack of cash flow, antiquated record keeping, eviction notices, etc.

d) Provide a detailed record of current and past lending history, accessing grants, and/or providing resources with positive outcomes for the aforementioned hardships or others clearly presented within the proposal.

e) Prior work with a public agency and well-defined Accounting and Administrative Controls.

2) Personnel Qualifications and Management Plan

Proposal shall demonstrate:

15 POINTS

a) Evidence of education, work experience and other credentials demonstrating a skill set to perform the requirements of the Scope of Services.

b) A team structure that demonstrates program responsibilities and clearly delineated assignments for personnel and/or subcontractors including availability of the project manager and key personnel.

c) An experienced program manager who has worked for a minimum of 5 years in managing similar programs.

d) Describe the method by which the data is collected and monitored including the financial and socioeconomic borrower data, written correspondence, and reporting.

3) Workplan Approach and Methodology 30 POINTS

Proposer shall:

a) Demonstrate a clear understanding of the Fund’s goals, objectives, and tasks outlined in the scope of services. Provide a written narrative with an illustrative flowchart of your infrastructure framework describing the implementation process for the Fund. Describe the methods used to deliver the products or achieve the activities below. Provide examples where possible.

b) Detail how the Contractor will utilize community partnerships, and coordinate efforts with other organizations or technical assistance providers to increase awareness and expand or enhance services.

Describe how the Contractor will market the program and related services within the Fund Service Area (FSA), including efforts to reach non-native English speakers. Describe the connection between pre- and post-loan support.

c) Provide two Workplan and Methodology Scenarios. For each scenario, the Proposer shall detail how the administration of the program will result in the most favorable outcomes for local small businesses and eligible non-profit organizations in the FSA.

4) Matching Funds 10 POINTS

Points shall be awarded based on submission of a Letter of Commitment evidencing additional investment to the Fund from a private financial institution, private investor, or other eligible funding source.

a) A Letter of Commitment for a minimum of $15,000,000 and above. (10 points)

b) A Letter of Commitment for a minimum of $10,000,000 to

$14,999,999. (5 points)

c) A Letter of Commitment for a minimum of $3,000,000 to

$9,999,999. (1 point)

d) A Letter of Commitment for less than $3,000,000. (0 Points)

5) Cost Proposal 25 POINTS

Proposer Cost Score = Lowest Cost Proposed X 25% Proposer's Cost