City of Pontiac, Illinois Request for Proposals to Purchase and Develop City owned Building Located in TIF District No. 1 The City of Pontiac is requesting proposals from developers who may be interested in acquiring, developing and using a certain building and real estate owned by the City and located within a tax increment finance (TIF) district known as TIF District No. 1. The City presently owns one building which is being offered for sale and which is legally described as follows:   Tract No. 1: LOT 27 X 120 W27' OF E1/2 LOT 2 BLK 48 CITY OF PONTIAC Index No. 15-15-22-407-002 Year Built 1900 28’ X 85’ 2,380 ft2 Commonly known as 220 W. Madison St, Pontiac, IL 61764   The above building and real estate are situated in the Central Business District of the City and are assigned a B-2 (Central Business District) zoning classification. Photos are available on the news flash article RFP PDF version at www.pontiac.org.   RFP Responses and questions regarding the property as well as requests for appointments to examine the buildings shall be directed to:    Jim Woolford    City Administrator    City of Pontiac    115 W. Howard Street    Pontiac, IL 61764    Telephone (815) 844-3396 All proposals shall provide for the building to be used for business purpose which is a permitted use in the zoning district and the building, and real estate shall be conveyed by the City subject to a restrictive covenant that will run with the title requiring the building to be used exclusively for a permitted business. The building is a one-story building. It is expected that any improvements will conform to City of Pontiac regulations. Deviating from these standards must be approved by the Pontiac City Council. The proposal must be received at the below address no later than 4:00 p.m., Central Time, October 30, 2024. The proposal shall be sealed and clearly marked on the outside of the proposal package "TIF 1 RFP Response". Said proposal shall contain the following information:    1. A statement as to the tract identified by the tract        number and the address of the building as to which the        proposal is being made.    2. Description of project being proposed and the        proposed use or uses of the building.    3. Estimated size and cost of proposed project.    4. General schedule for project.    5. Developer background and financial capability to        successfully complete the project.    6. Offer amount to purchase the building and real estate        including the offer price and any other terms and        conditions of the offer, if any.    7. Contact person. The City also reserves the right to reject any and all proposals, to waive informalities, and to select the proposal and developer for each tract that, in the City's sole discretion, is the best fit for the central business district and is in the best interest of the City of Pontiac.    The City reserves the unconditional right to:    • Publicly disclose all the terms of the disposition and all       bids and proposals made in response to this RFP;    • Amend, modify or withdraw this RFP;    • Revise any requirements under this RFP;    • Require supplemental statements of information from       any responding party;    • Extend the deadline for submission of responses to this       RFP;    • Negotiate or hold discussions with all bidders;    • Waive any nonconformity with this Request for Proposal;       and    • Cancel, in whole or in part, this RFP, if the City deems it       is in its best interest to do so. The City may exercise the foregoing rights at any time without notice and without liability to any bidder or any other party for its expenses incurred in the preparation of responses hereto or otherwise. Responses hereto will be prepared at the sole cost and expense of the bidder. The RFP does not commit the City to select a developer, to pay the cost incurred in preparation of any response hereto, or to procure or contract for the sale or lease of the land described herein. Nothing stated at any time by any representative of the City will effect a change in or constitute an addition to this RFP unless confirmed in writing by the City. Dated this 11th day of September, 2025. Jim Woolford           City Administrator