Cedar Rapids Ionwave #PUR0826-047 Addendum 1

Consulting Services for Multifamily & Mixed Use Pro Forma Financial Analysis – City of Cedar Rapids

This opportunity is for consulting firms to provide financial analysis services for multifamily and mixed-use real estate projects seeking above-standard incentives from the City of Cedar Rapids Economic Development Department. - Government Buyer: - City of Cedar Rapids Economic Development Department - Economic Development Services Division - Economic Development Program Manager: David Connolly - Scope of Services: - Comprehensive financial analysis of project pro formas for multifamily and mixed-use developments - Validation and assessment of project financial data, capital stack, and financing structures - Review of pro forma assumptions, identification of financing gaps, and evaluation of project risks - Preparation of detailed project-level reports, including cost-benefit analyses and recommendations for incentive strategies - Training and professional development for City staff in economic development finance, real estate project evaluation, business credit analysis, and advanced negotiation/deal-making - Participation in meetings and due diligence tasks - Products/Services Requested: - Multifamily & Mixed Use Pro Forma Consulting Services (firm-fixed price, all milestones/deliverables) - Unique/Notable Requirements: - Strict insurance coverage requirements (general liability, automobile, workers compensation, professional liability) - Adherence to ADA standards - Compliance with local preference policies for Linn County businesses - Expertise in commercial real estate market analytics and economic development incentives - No specific OEMs or vendors are named; the opportunity is open to qualified consulting firms.

Description

The City of Cedar Rapids Economic Development Department is soliciting sealed proposals electronically for Multifamily & Mixed Use Pro Forma services. The scope includes comprehensive financial analysis of complex multifamily project pro formas requesting above-standard City incentives, engagement with City staff and developers, validation of financial data, and providing actionable recommendations. Deliverables include detailed project reports, training for City staff, and recommendations on City incentive strategies. Proposals must be submitted through the City's online procurement portal by September 30, 2026.

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