proposal form v2.docx

PO-28 PROPOSAL FORM

(Must be submitted before the deadline for proposal to be accepted) Name:

Firm Name:

Address:

Telephone:

Email:

Lease term ________ years effective ____________________, or a date satisfactory to the State plus ___(number of renewals) ______ year renewal period(s) upon mutual agreement to by both parties.

I. Rental: I propose the following minimum annual rental during year one (1) of the lease. Rental for the year must be described as a rate. The annual rental increases will begin in year 2 of the agreement.

Year 1 _______________ Annual increases of ___% beginning in Year 2 for the term and renewals (2% minimum).

To propose revenue sharing:

During each year of the Lease Term, Tenant shall pay an additional annual rent equal to ____% of Gross Revenues in excess of $_________, provided that the amount of such additional rent shall be in addition to the minimum annual base rent.

The Proposal Form shall require the proposer to clearly identify additional space below if needed:

The proposed percentage of Gross Revenue to be paid as additional rent, if applicable;

The Gross Revenue threshold at which revenue sharing would begin; if applicable The proposed frequency of revenue-sharing payments; if applicable Any proposed annual increases or adjustments to the base rent; and The proposed number and length of renewal periods.

The State reserves the right to negotiate the final rental structure, including the base rent, revenue-sharing percentage, revenue threshold, annual adjustments, and other economic terms, and is not obligated to accept the highest proposed rental amount.

II. The selected proposer must register as a legal entity, if applicable, under North Carolina Law before the transaction is placed on the Council of State agenda. Failure to register may result in a delay in the approval process or rejection of the proposal.

III. I have read and accepted the request for proposals (specifications) on pages 2. through 7. and all attachments and stipulate that this proposal is made in keeping with the requirements therein. I understand that this proposal will be evaluated on the basis of the desirability of the proposal as to how it will complement the total operation of the PTFM, the demonstrated ability of the proposer(s) to execute the proposal submitted, demonstration of sufficient funds for the execution of the proposal submitted, the amount of rent offered, and all relevant factors that might affect the public interest. I further realize that the State may reject this proposal for any reason it deems warranty.

N.C.G.S. § 133-32 and Executive Order 24 prohibit the offer to, or acceptance by, any State Employee of any gift from anyone with a contract with the State, or from a person seeking to do business with the State. By execution of this proposal, you attest, for your entire organization and its employees or agents, that you are not aware that any gift has been offered, accepted, or promised by any employee of your organization.

This proposal is made in compliance with the specifications furnished by the Department of Administration, State Property Office. I have read and accepted the request for proposal (specifications-PO-27) and all attachments and stipulate the proposal is made in keeping with the requirements therein. I understand that this proposal will be evaluated because of the desirability of the proposal as to how it will complement the total operation of the PTFM.

Signature________________________________ Date ______________________ Signature________________________________ Date ______________________

NOTE: All proposals shall be submitted electronically via the North Carolina E-procurement Vendor Portal (NC eVP) The cut-off date for proposals: October 7, 2026 at 4:00PM.