20A - NEIGHBORHOOD STABILIZATION PROGRAM 3

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e. Financial strength to carry out the required activities: Provide audited financial statements for the past three years, including balance sheet and statement of income and expense. If audited statements are not available, submit unaudited statements certified by the executive officer of the lead entity as accurate and complete. f. Access to lines of credit or other financial resources: Provide commitment letter(s), agreements or other documents showing the amount of credit available, terms of credit, and conditions of the lender if any for this specific activity. g. Capacity to carry out its responsibilities: Identify team members who will carry out the program, including brief resumes describing technical expertise and experience. h. If applicable, experience working with some or.all of the other team members: Describe any previous working relations hip' `or experience with other entities who are part of the team proposed. Attach all letters of agreement, memoranda of understanding, or similar agreements with the lead-entity to provide the needed services for the prograrn,;.? i. Marketing Plan: Submit marketing"plan to be used to sell the units. The marketing plan must include efforts to market'ta City preferences which include: city residents and/or homebuyers who.worl in-the city. j. References: A minimum ofthree (3) compfete-references (name, title, address and phone number) whow the'City tviay contact to verify services rendered or currently being provided:, 'Public agency referrals are preferable. iii. Proposed Budget and Wo rk P an for theaCity 's Two Pro rams The proposed1budget and, 'ork plan rnyst'.describe or include documentation for the items below. a Time line for implementpti,9n b Proposed number o homes to be acquired, rehabilitated and sold during time period c. Schedule of finishes to be used in rehabilitation d. Budget-estimating overall costs of: i. Acquiring properties, including standard acquisition costs ii. Rehabilitation ui harrying costs iv. Marketing"and sales v. Developer fees: Indicate when the developer fee will be paid vi. Include any other known expenses that are not covered but relate to the project costs vii. Completed sample home development budget using the table attached to this RFP as Attachment 7. This sample budget should not include costs that may be associated with a Lease to Own Agreement (Section iv below) e. Total proposed resources for financing the City's projects, including: i. Respondent cash resources ii. Loans and lines of credit from others (letter from lenders) iii. NSP3 funds Page 10 20A-47