Cedar Rapids Ionwave #PUR0826-047

Consulting Services for Financial Analysis of Multifamily & Mixed Use Project Pro Formas

The City of Cedar Rapids Economic Development Department is seeking an independent consultant to provide financial analysis and consulting services for multifamily and mixed-use development projects requesting above-standard City incentives. - Government Buyer: - City of Cedar Rapids, Economic Development Department, Purchasing Services - Scope of Services: - Comprehensive financial analysis of project pro formas for multifamily and mixed-use developments - Assessment of capital structure, validation of financial data, and evaluation of project risks - Preparation of detailed written reports and presentations with actionable recommendations on City incentive strategy - Technical assistance and training for City staff in economic development finance and real estate project evaluation - Participation in meetings with developers and due diligence tasks, including credit and background checks - Notable Requirements: - Consultant must have experience in real estate project development, economic development finance, and pro forma analysis - Professional liability insurance required - Compliance with the City's Buy Local preference program - No specific OEMs or product vendors are mentioned, as this is a professional services solicitation - Contract Structure: - Firm-fixed price contract for the complete project deliverables - Initial term of one year with two optional one-year renewals

Description

The City of Cedar Rapids Economic Development Department is soliciting sealed proposals electronically for the provision of financial analysis services related to multifamily and mixed-use project pro formas requesting above-standard City incentives. The scope includes evaluating project financials, capital structure, and feasibility of incentive requests, providing technical assistance, and delivering detailed reports and recommendations. The consultant will also provide training for City staff and participate in meetings as needed. Proposals must be submitted through the City's online procurement portal by September 30, 2026.

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