VILLAGE OF PEORIA HEIGHTS, ILLINOIS
REQUEST FOR PROPOSALS
LEASE OF 1201/1203 EAST KINGMAN AVENUE
“PUMP HOUSE”
PEORIA HEIGHTS, ILLINOIS
Village of Peoria Heights
4901 N. Prospect Road, Peoria Heights, IL 61616
1. INVITATION - The Village of Peoria Heights (“Village”), requests proposals from prospective tenants who are interested in leasing, certain real estate located within the Redevelopment Project Area for the Peoria Heights Tax Increment Financing District 3, commonly known as 1201/1203 East Kingman Ave., Peoria Heights, Illinois, consisting of the former pump house building, garage and the water tank located upon the property. The Village will consider tenant uses including retail, office or other uses allowed by the current zoning classification (B-2, General Retail Business) and appropriate with the surrounding neighborhood.
2. PROPERTY DESCRIPTION – The property is owned by the Village of Peoria Heights and was originally constructed as a pump house for the village water distribution system. The pumphouse is no longer in use and the property has been renovated for retail or other uses. The property includes three (3) structures, the pump house building, the garage (renovated for retail use), and the water storage tank (not renovated). Said real estate is legally described as follows (the “Subject Property”): Part of the Northwest ¼ of Section 22, Township 9, Range 8 East including all of the public park commonly known as Harriet Park and depicted on the Plat of Prospect Heights recorded in Plat Book C, page 59 and lying Easterly of Park Place and Southwesterly of Euclid Avenue and Northerly of Kingman Avenue and also including that portion of Park Place that was vacated by Ordinance dated August 7, 1934 and recorded in Miscellaneous Book 458 at page 587; situate, lying and being in the County of Peoria and State of Illinois. Property ID#: Part of 14-22-183-002 Common Address: 1201/1203 East Kingman Ave., Peoria Heights, Illinois.
3. PARKING – There is no designated or on-site parking associated with the property. On-street parking is available as well as public parking on the Village Hall parking lot located south of the property location.
4. TIF AND BDD – The property is located in Tax Increment Financing (TIF) District 3 and Business Development District (BDD)#1. Financial assistance may be available for eligible improvements using TIF or BDD funding subject to the negotiated lease agreement and approval by the Village Board. For more information on TIF/BDD please visit the Peoria Heights website at peoriaheights.org .
5. PROPERTY TOURS – To schedule a tour of the property please contact: Sarah Witbracht Administrative Assistant Phone (309) 686-2385 Sarah.Witbracht@peoriaheights.org
6. SUBMISSION REQUIREMENTS - All interested parties should submit proposals to:
Wayne Aldrich, Community Development Director 4901 N. Prospect Road
Peoria Heights, IL
61616
waldrich@f-w.com
Proposals will be received until 1:00 p.m., local time, Wednesday, January 31, 2024
Late submissions will not be considered. Electronic submissions will be allowed to Mr. Aldrich at the email above with a copy to Sarah Witbracht at Sarah.Witbracht@peoriaheights.org Proposals should identify the terms and conditions of the proposed lease of the Subject Property, any TIF or BDD incentives sought by the developer, the proposed use(s) of the Subject Property by the tenant, and information as to the anticipated sales taxes and property taxes that will be generated.
7. SELECTION - The Village may request additional information beyond the submitted proposal. The Village will select the proposal which the Village determines to be in the best interest of the Village. The Village reserves the right to base the decision on the entirety of the information provided, any additional requested information, and the sole judgment of Village officials as to the best use of the property. The Village of Peoria Heights anticipates the approval of a lease agreement to the selected proposer. Within 60 days of selection. In the event that mutually acceptable terms cannot be reached within a reasonable period of time, the Village reserves the right to undertake negotiations with the next most advantageous proposer without starting a new selection process. The Village of Peoria Heights reserves the right to reject any or all proposals, waive minor informalities, and to negotiate and approve a lease and/or redevelopment agreement. The Village of Peoria Heights will not discriminate against any interested developer on the grounds of race, religion, creed, color, gender, age, sexual orientation, disability, or national origin in the selection process.
8. QUESTIONS - All questions or comments must be submitted in writing to:
Wayne Aldrich, Community Development Director by email: waldrich@f-w.com
Questions must be received by 5:00 P.M. on January 24, 2024.