RFP, MLB Woodland Trails Condominium Parcels

The Michigan Land Bank Fast Track Authority (MLB) has issued a Request for Development Proposals (RFP) for the Woodland Trails Condominium parcels located in the City of Owosso, Shiawassee County, Michigan. The procurement seeks a qualified builder-developer to construct fourteen (14) attached single-family condominium units on approved parcels. Proposals must comprehensively address firm history, project team details, site plans, unit floor plans, financial pro-forma, and development schedule, with a required per-lot purchase price offer. Evaluation criteria will focus on proposal feasibility, quality of submission, and ability to address all RFP requirements. The original RFP was issued on March 14, 2019, with an initial question period closing March 22, 2019, and an addendum reopening questions from April 2-5, 2019. An information session was scheduled for April 3, 2019, at the Owosso Armory, and the final proposal submission deadline is set for April 18, 2019, at noon ET. MLB will use a qualifications-based selection process, potentially narrowing respondents to three or fewer for interviews and ultimately selecting one developer to negotiate a development and purchase agreement.

The RFP does not specify explicit set-aside designations or restrictions on respondent types. The parcels will be conveyed "as is" without warranty, requiring developers to conduct comprehensive due diligence regarding physical conditions, environmental factors, zoning, permits, and legal considerations. The development targets residential units with an estimated price point between $189,000 and $200,000, with monthly condominium association fees of $70. The MLB is open to potentially modifying lot structures to fee simple lots incorporated into a Neighborhood Association and is considering warrantability considerations with Fannie Mae. The project background indicates the Woodland Trails Condominium was originally approved in 2004, partially constructed, and foreclosed by the State of Michigan in 2014 before being transferred to the Michigan Land Bank in 2016. While specific budget ranges are not explicitly stated, the RFP requires developers to submit a financial pro-forma and per-lot purchase price offer, suggesting flexibility in potential project valuation.