Loading...
HomeMy WebLinkAboutPR 22961: SELIM KIRALP INVESTMENTS C ! q VA 'Misr www.Pi rthurT‘ INTEROFFICE MEMORANDUM Date: December 29. 2022 To: The Honorable Mayor and City Council Through: Ron Burton, City Manager From: George Davis, Director of Pleasure Island RE: P.R. 22961 —Acceptance of a proposal from Selim Kiralp Investments for the purchase and development of 35.24 acres of land located on Pleasure Island and further authorizing the City Manager to negotiate said purchase and development Introduction: The intent of this Agenda Item is to request the City Council's approval of P.R. No. 22961 authorizing the acceptance of a proposal from Selim Kiralp Investments for the purchase and development of 35.24 acres of land located on Pleasure Island and further authorizing the City Manager to negotiate said purchase and development. Background: The City of Port Arthur submitted a proposition on the May 7, 2022,election,regarding the sale of 35.24 acres of land located on Pleasure Island. The proposition was approved and adopted by the voters of Port Arthur. The Pleasure Island Department advertised a Request for Proposals for the purchase and develop said land. One proposal was received with an offer of$916,000.00 for the purchase of the land. The proposal was reviewed, evaluated and scored by City Staff. Budget Impact: None Recommendation: It is recommended that the City Council approve P.R. No. 22961 authorizing the acceptance of a proposal from Selim Kiralp Investments for the purchase and development of 35.24 acres of land located on Pleasure Island and further authorizing the City Manager to negotiate said purchase and development. "Remember,we are here to serve the Citizens of Port Arthur" P.O.Box 1089 X Port Arthur,Texas 77641-1089 X 409.983.8182 X FAX 409.983.8294 • P.R. No. 22961 12/29/22 gd RESOLUTION NO. A RESOLUTION ACCEPTING A PROPOSAL FROM SELIM KIRALP, LLC INVESTMENTS FOR THE PURCHASE AND DEVELOPMENT OF 35.24 ACRES OF LAND LOCATED ON PLEASURE ISLAND AND FURTHER AUTHORIZING THE NEGOTIATION OF A DEVELOPMENT AGREEMENT AND ALL NECESSARY DOCUMENTS TO FACILITATE THE SALE OF SAID LAND WHEREAS,pursuant to Ordinance 22-11, the City provided for the conduct of a Special Election on May 7, 2022 to submit a proposition regarding the sale of various land located on Pleasure Island owned by the City of Port Arthur as provided in Section 253.001(b) of the Texas Local Government Code; and WHEREAS, the Special Election was held and pursuant to Ordinance 22-37, the ballot proposition authorizing to sell a fee title interest in land that the municipality owns, holds, or claims as a park for fair market value, based upon a certified appraisal, to wit: 35.24 acres of land out of the H.L. McKee Survey Abstract No. 930, City of Port Arthur Survey Abstract No. 931 & Abstract No. 932. Jefferson County, Texas was approved and adopted by a majority of votes received from qualified voters of Port Arthur, Texas; and WHEREAS, subsequently, the City of Port Arthur prepared a request for proposals to seek qualified and experienced commercial/residential developers to purchase and develop the above mentioned land in conformity with as set forth in the Texas Local Government Code; and, WHEREAS, pursuant to Chapter 252 of the Texas Local Government Code, the Purchasing and Pleasure Island Department advertised Request for Proposals (RFP) for the purchase and develop of said land in the Port Arthur Newspaper on September 17, 2022 and September 24, 2022; and WHEREAS, one proposal was received on October 26, 2022 from Selim Kiralp, LLC Investments. The proposal was reviewed, evaluated and scored by City Staff based on the criteria provided in the RFP. A copyof the score sheet is attached hereto as Exhibit"A"; and WHEREAS,the Pleasure Island Department's recommendation is to accept Selim Kiralp Investments' proposal as delineated in Exhibit "B" for the purchase and development of the land of Pleasure Island. P.R. No. 22961 12/29/22 gd NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR: THAT, the facts and opinions in the preamble are true and correct. THAT,the City Council hereby authorized the acceptance of a proposal from Selim Kiralp, LLC Investments for the purchase and development of 35.24 acres of land located on Pleasure Island in accordance with the terms and conditions set forth in the RFP attached hereto as Exhibit "C" and included for all purposes and further authorizes the negotiation of a development agreement for the sale of said land at fair market value and the payment of all closing costs by the developer. THAT, a copy of the caption of this Resolution be spread upon the Minutes of the City Council. READ, ADOPTED AND APPROVED this day of A.D. 2023 at a Regular Meeting of the City of Port Arthur, Texas by the following vote: AYES: Mayor: Councilmembers: • NOES: Thurman ``Bill" Bartie, Mayor ATTEST: Sherri Bellard, City Secretary APPROVED AS TO FORM: APPROVED FOR ADMINISTRATION: ♦ (Vte Val Tizeno . Ronald Burton City Attorney City Manager P.R. No. 22961 12/29/22 gd NkL ks Clifton Williams, CPPB Purchasing Manager l Geor e D vis Director of Pleasure Island P.R. No. 22961 12/29/22 gd Exhibit "A" Evaluation Score Sheet ) .v. 6:1 w v a. O Z 5 C*3 c ift' c— i E • h 7 .. O © 00 N en co Q" O N ,-. 0c 'et M I CI4 71 II io a x4 el - E If) .�- a / 2 O 4....f = 1 _ a; O C ++ 1 E~ O, .+ 1 T A Gr O O b elO O a.) C A. eq bOA v cJ O .etd U .a 4vs -C ,y a. cv c 0 y eat CI X = . O •O O � O V ',a OO -d Z 4. y Cti •Zi 'O O O 0 'i C4 O L ! 'C O v oO' 0 44 c4 Er, 4 E., a '" P.R. No. 22961 12/29/22 gd Exhibit "B" Developer's Proposal v RFP No. 22-090 October 24, 2022 CITY OF PORT ARTHUR CITY SECRETARY 444 4TH STREET, 4th Floor PORT ARTHUR, TEXAS 77641 To Whom it May Concern: As the sole member and manager of Selim Kiralp, LLC, please allow me to convey my appreciation for allowing us an opportunity to deliver a bid for this RFP to develop Pleasure Island (the "Island"). The response to this RFP is extremely important as I previously identified the Island, and the City of Port Arthur (the "City"), as an area ripe for economic development. I hope that the attached response gives you a glance into our potential vision for the Island. However, it is my true intention that Selim Kiralp, LLC and the City form a partnership that will change the face of the Island and ultimately make it a recreational destination for Texans, Louisianians, and hopefully people from around the country. I believe that I am uniquely qualified to bring this vision to the Island. I have run successful businesses in three different countries, including building and operating seven profitable hotels in Istanbul, Turkey. I intend to bring the lessons I learned from my international businesses coupled with the financial stability and reputation of Selim Kiralp, LLC, here in the United States, to bring a well-researched and respectable product to the Island. Moreover, Selim Kiralp, LLC will give the City the personal attention and communication needed to put the city at ease that we are the right ones for the Island. As the member- manager of Selim Kiralp, LLC, I am intimately involved in all aspects of our deals from market research to construction and operation. The importance of our setup is that the City will always have a direct line of communication to the owner of the company. This is to reflect the importance of our relationship with the City and to ensure the best product through constant communication. My hope is that the City will equally show its commitment by partnering with Selim Kiralp, LLC to create the necessary infrastructure that will support a water-themed park and potentially further financial growth. Again, I truly look forward to working with the City and invite you to contact me should you have any questi9ns w,atsoever regarding our RFP or anything that I can help clarify. Sincerely, itl/t.i Selim Kiral•% TAB A-Entit Selim Kiralp 1025 Damsel Caroline Dr. Lewisville, TX 75056 (469) 847-0514 sellmkiralp(a�selimkiralp.corn Selim Kiralp, LLC Selim Kiralp, LLC ("SK") is a manager managed limited liability company authorized to conduct business in the state of Texas. Selim Kiralp serves as SK's managing member. SK shall serve as the corporate entity that will acquire the land and initiate development of the Pleasure Island waterpark. SK plans to replot the land and assign or transfer ownership of portions of the land in connection with various development phases. SK encloses its House Bill 89 verification, SB 252 Chapter 2252 Certification, and Non Collusion Affidavit. TAB B-Develo ment Team 1 — F ie Resume, Skills & Experiences • Resume • Real Estate Skills, Experiences &Awards • Media • Some of the Projects 1025 Damsel Caroline Dr. Selim B. Kiraip Lewisville,TX 75056 (469)847-0514 EXPERIENCE selimkiralp@selimkiralp.com SKILLS Selim Kiralp LLC Investments,USA— Owner&Manager 2018-PRESENT Commercial Real Estate Real Estate investments and developments holding company. Development. Investing in the right SBK Real Estate Investments LTD,Turkey —Owner&Manager locations at the right time. 2013-PRESENT Business Development. Real Estate Investments and developments holding company,Property and hotel management. Investment Management. Risk Management. Buono Co.,LTD, S.Korea — Owner&Manager Wealth Management. 2008 Frozen food manufacturing,franchising,import and export. Understanding Global Economics and Managing Investments in Today`s EDUCATION Economy. Hanyang University,S.Korea — Undergrad. AWARDS&CERTIFICATES 2307-200 Electrical engineering OTA Core Strategy investor OTA Proactive investor Silla University, S. Korea— Undergrad&Language Certification OTA Professional futures and Korean Language and Auto and Electrical engineering forex analyzer Malatya Businessman Association Investor of the PROJECTS year Real Estate Developments&Investments —Hotels,Apartments, KOIMA Import Export Offices relations between Korea& Investing in real estate and construction of hotels. apartments,retail Turkey spaces and offices.Re-building historical buildings and preserving the Plano Police Department nature of history Citizens Police Academy Frozen Food—Manufacturing,Franchising,&Delivery LANGUAGES Construction and engineering of a frozen food factory.Manufacturing frozen food.Franchising restaurants Turkish. Korean. English REAL ESTATE SKILLS & EXPERIENCES Commercial real estate development Skills Project management Project planning Incorporating latest technology into new generation buildings Cost effective developments Project risk management Project coordination,quality control&estimation Right Developments in the right locations&time Seleme LLC/Owner&General Contractor Experiences 2ola - PRESENT,USA Projection of Waco Robinson RV Resort SBK Real Estate Investments LTD/Developer&General Contractor 2013 - PRESENT,Turkey Hotel developments and construction Boutique hotel developments and construction Luxury and historically protected apartments construction Office building construction Retail shops and warehouse const•action Historically protected mansion redevelopment Buono F&B Co.,LTD./Owner&General Contractor 2010 - 2011, S.Korea Frozen food factory development and construction Restaurant franchise developments and constructions Best boutique hotel of Istanbul Awards City of Beyogiu certificate of well protection of historical buildings Best hostel of Europe MEDIA • https://www.digitaljournal.com/pr/selim-b-kiralp-fast-emerging-as-a-leading-name-in-texas-reai-estate- investment-and-development-world https://www.benzinga.com/pressreleases/21/08/ab22667348/selim-kiralp-the-energetic-face-behind- sel i m-ki ra l p-investment-rea pi ng-the-benefits-of-real-estat https://www.ustimesnow.com/fast-emerging-as-a-leading-name-in-texas-real-estate-investment-and- development-world/ https://www.einnews.com/pr news/596553935/selim-kiralp-Ilc-announces-its-plans-for-continued- growth-i n-the-golden-triangle-of-texas https://www.prunderground.com/passion-purpose-and-precision-how-selim-kiralp-investments-is- b ri dgi ng-the-rea I-estate-ga p-for-a-nation-i n-need/00278836/ BEN Z-.I t YG}'{ .rvn- rt- = .:ex, crn(ech Ptetarel Finer.v Wet Cryple CannaO,s rJ QQQ O A SPY RT GU) BTC(USD fs:U ., rRin Selim Kiralp - The Energetic Face Behind Selim Kiralp Investment Reaping The Benefits Of Real Estate Development Create a Watchlist SOW Off TODAY ONLY1 Get two high-conviction bear market-beating options trade signals straight to your email&SMS from full-time options i REE.+olktw your stocks and -aaer.Nit Chahine. - _ _ cryptocurrericies with the most actionable alerts on the internee. • An-:to,5 a inn:^a r'cro',On1.r^ercia"Pa.'osrar?deve pe'aria:nb esro- Seim arIL'Metier'iUI trefeereralg.'lee:;:1C�,[;:: CLICK TO GET STARTED .,as ierr hr.T.,r, a rn! -_.. nave (NnivP^ iC (lc snrAf BEAT THE MARKET WITH OUR ^al Ps:attc ia! :as S more:encs to oe a lc in _.._ .- FREE PRE-MARKET alUm-trve di5 a u"n_ .-... NEWSLETTER .. , ,re nevi r 0•noariopment R tlfr',S •1. sg• n6carx. _ _ _ s Moreover'rrveetmy ihireCU'r r cExr_,.e_.- _ .- e -we estate appreaatP PzponentiaR:,rv.: t#O4 — News from Cision PR Newswire index Coop Announces Launch of Game Chanting NET Index ProHM aadirt Kama Nit Marketplace Gamma.le Announces rrek3 Social Platform : CNIPOTLS"S 2D21 SUSTAINAa1LET' REPORT UPDATE DEMONSTRATES ENHANCED SUPPORT FOR ITS PEOPLE Stanley Mack&Docker to Sail Access f 111 DIGITAL JOURNAL. WORLD TECH&SCIENCE SOCIAL MEDIA BUSINESS ENTERTAINMENT LIFE SPORTS Q Selim B. Kiralp fast emerging as a leading name in Texas real estate investment and development world Seh/11 8.errata hes sorrw.x ss on.a1 the rerosl fans:ed and sought alTer rranres yr the Texan reel estate vrrestment and sere ooment woad!ateN FUME. Gland,Team-August 23,2021-the I axes rear estate scene:s booming large A l se stare nl rnrs growth Gill be attrtaeed In a handt.1 nt optvnretir real estate raa rnvestcrs Ore.Lbased Seim 8 Oral,is one o'those oasssonate Investors and rtwelopers who are ieadmy the texas real estate end rleeWuµrrenl seder IL,a prOirtrating growth today s,a•11 A renowned name a-the Texan realty scent.SSeine.3.Kemp s the`Dundee of rung property awes event company. Selrn Kuala Investments He 11.= alsoJ.04,1 a to Laded tern(Ia.,Comprenies.-tamely.SBK Real-Estate Co,Its and Palms Investments LLC Undo'the able leadership of SCIeet^gym Krralp In eUtmorrts naS peon rroesi-g highly seccesstrd'ear estate tipper lies for ewers now Hes arw of rn.rs:lnrenl rsrfl pest&mitts to DrYd as his Ixo)e^ts have expanded ttrpugraut the Stnte.A real estate rnvestrnenl veteran.Setter w one of the most soot°attet.rvestors:round. avl he rttien eve a-ro estment offers from reap,Hties 11 tf. r (In Frame Shirr:B Kvatp, About us Our"earn Terms of Service Privacy Potcy Contact us Submt a Gnest Posts W ,SC,, Home Health Lifestyle Sports Sci!Tech video Q r_. East emerging as a leading name in Texas real estate investment and development Fast emerging as a leading name in Texas real estate investment and development world t' t ' t1II , r . i�+4 , ,: i• „ • nk r.w -=';. newswires: Sehma He+ease Moot v *Keene oiMbatsm - Peer Release - N e.eaS e . enewlefige Be. . B. 717*ova*urprom veal wee in w sal u hews ewrMsks m the 177.Mod ter Weld MY.Nosy.Bless email Mower... Selim Kiralp LLC Announces Its Plans for Continued Growth in the Golden Triangle of Texas BEAUMONT TX. N TED STATES.October 8,2022 Contact Nei-eSuw re co l Seem er Ki. le LeC is excited to announce its R 5ellm reap plans for continued growth in theGolden Triangle of Texas. he ?e SNIm KVNp.LLC company strongly believes r these cities and laces forward to a y. .t taa<7ua oPogsn.mkiraiesesecom it - servingthecommunesandtheirgoalsasindividual p '' metroplexes.Selim K ratp LLC is looking forward to continued # work with local businesses and residents as an integral part of �i. More From This Source Seen K.ie LLC efori nthe s the bright t�twe of the Golden Triangle t E o lee'di^,Anno.nces its add., r t ''. ngKatexas Selim Kemp LLC s committed to helping the communities in Beim Launches ic:ckstaner'or a which it operates to three The company takes a systematic and •/l —gm.Compact J n 1*ravel rood ang-term growth approach and continues investing in 'Moon Expertise'xis Ones ...caeca 3yeanesstro,vrr commerc.a real mate developments throughout each city.Setim Kira a_',_.Nom,nano-,a-nans with oca'officials and business owners to ensure that the developments are beneficial for the community ewe,An Stones;ram Tnis Sat,t'e The company is tocused or creating value far 311 and will continue to invest in the communities in which PR UNDERGROUND ONLINE PRESS RELEASE DISTRIBUTION SERVICE Passion, Purpose, and Precision: How Selim Kiralp Investments Is Bridging the Real Estate Gap for a Nation in Need -ec;csa:e From Apartments to Office Spaces, Townhomes,Retail Spaces,Complexes,Hotels,and Everything in Between;Selim Kiralp Leads the Way with Transparency and Authenticity Port Arthur,TX(PRUnderground)October 20th,2022 It is no secret that the nation is facing an unprecedented crisis unlike anything seen before.Inflation is at an all-time high sending the price of food,gas,housing,rent.and the general cost of living through the roof Many areas like Central Texas are facing the classic struggle of supply and demand for a wide enough range of luxury yet affordable spaces to fit a variety of needs.Seim Kiralp Investments,the industry leader in commercial real estate developments is proud to bndge the gap with passion.purpose,and precision As any successful businessman knows.success is looked at un- der a microscope.Critics will inevitably come from near and far to s offer their two cents on how things could have been done different- k !y,make speculations,and insert their opinions with no foundation. } ) However.these critics have not discouraged Selim.on the iiew, contrary they have on motivated him to do better,aim higher.and aM take on larger projects to meet the needs of growing communities 'There is always risk in every business but it is important to turn - the nsks into educated and calculated risks.Al the end of the day. the important thing in life for me is bravery trust.belief.sharing. defending loyalty.and treating everyone fair—and I continue to uphold these values in everything I do in business.' Some Completed Projects and Construction Highlights • Construction Highlights: *Fire Resistive *Concrete & Steel *Underfloor heating & System Air Conditioning * Smart Building with all Internet connections and controls with smartphones (can control heating, air conditions for each room, gas control, open, close and lock ail main and room doors. turn on off TV's. CCTV cameras, etc.) /41‘,, '.- _,.t'-'-' -.-: ,,...'_,, , ,,l':',.- ''''''' ,...,:1-1":'!--:- ' ‘41111111111.11‘-. - ' ' R►.r • Hotels ►x C.. - Daru Sultan Hotel - Walten Gardens Pera Hotel X - Galatolia Suites - Firuze Aparts and Ili t Guesthouses - Utarit Hotel 2 b t 1 i ; 1` rig' , .©s _ tit-�" r `loo' ,, � - r - � i 4 4 , / -, ,,...4.,,,,.._ 06„ .2111 . • Offices • Retails • Apartments i / / i I F rp i 4 7 1 t TAB B-2 Jinkook Yang +82 10 4267 3345 • realnation@naver.com • Seoul,Republic Of Korea Summary Resourceful Architect adeptly integrates various environmental approaches to maintain large-scale commercial projects.Knowledgeable understanding of AEC environments more than 30 years to promote more sustainable design and construction practices.Resourceful knowledge of considerations governing planning,creation and inspection aspects to meet government mandates. Skills • QA and QC Processes • Site Planning and Design Expert • Schematic Design • Construction Estimation • Construction Methodology • Project Planning Experience 01/2013-Current Director of Architecture, Sumin Construction Co., Ltd., Seoul, Republic Of Korea 06/2001 - 12/2004 Design Team Leader,Samsung C&T Corporation, Seoul, Republic Of Korea 03/1991 -05/2001 Construction Management Team Leader, Hanjin Engineering&Construction Co, Seoul, Republic Of Korea 03/1981 - 12/1991 Architect, Shinhan Architects&Engineers Co., Ltd., Seoul, Republic Of Korea Education And 02/1981 Bachelor Of Science,Department of Architecture Training Seoul National Univ Of Science And Technology,Seoul,Republic of Korea Major Projects 1.Airport Facilities -Incheon International Airport Phase 1 and 2(Passenger Terminal 1 and Ancillary Buildings, Concourse)Design -Incheon International Airport Hyatt Regency Hotel Design 2.Military Facilities -Republic of Korea Air Force No.7703-96-Z maintenance depot and auxiliary facilities design -Goesan Military School Samsung Consortium(127 buildings)design 3.Medical Facilities -Inha University Affiliated Hospital Design -Hangang Sungsim Hospital Senior Health Medical Center Design 4.Educational Facilities -Korea Aerospace University Susaek Campus Main Building,Student Union and Engineering- Science Building Design -Inha Technical University Lectural Building Design 0 R E/MAX { Bilal Asmar Realtor I am a well known agent in the industry&regularly work with the Vice Presidents of most leading commercial real estate companies in Texas. I have been a Commercial& Residential real estate investor for 30 years. I have previously managed,owned,&operated many retail businesses for over 30 years. I use the Internet to optimize exposure for my listings and approach all of my leads personally as well as AWARDS generate new leads. RE/MAX's#1 Commercial Agent in Texas 2022 Biial.asmar@grnail.com Q (469) 777-2449 Inducted into the RE/MAX Hall 9 Dallas, TX of Fame;1st Quarter 2022 RE/MAXS#1 Commissions Earned;1st Quarter 2022Q WORK EXPERIENCE RE/MAX's#1 Team Commissions Earned;2nd Quarter 2022 II, Realtor RE MAX Won CoStar's Best of the Best RE/MAX 2020&2021 1 03/2014—Present CoStar's ranked#1 in • Successfully conduct retail sales, acquisitions, and Commercial Leasing in DFW ' leasing; 2021 i ± • Office sales, acquisitions, and leasing; Costar's ranked#3 iri • Multi family sales, acquisitions, and leasing; Commercial Leasing in DFW • Industrial sales, acquisitions, and leasing; 2020 € • Commercial auction properties; • Land sales& acquisitions RE/MAX's#1 Commissions Earned;1st Quarter 2021 RE/MAX's#1 Commercial Individual Dallas Council;2nd, 3rd,&4th Quarter 2020 CO SKILLS RE/MAX's#1 Commercial • Customer Service Individual Dallas Council;3rd • Investment Properties Quarter 2019 • Strategic Planning • Commercial Real Estate CERTIFICATIONS • Contract Negotiation • Risk Assessment • Investment Flips Commercial Real Estate • Land Development Champions School of Real Estate Certified Home Marketing Specialist EDUCATION Champions Real Estate Group Champions School of Real Estate LANGUAGES • Commercial Real Estate • Real Estate Investing • Property Management English Spanish Certified Home Marketing Specialist Arabic NYU Schack Institute of Real Estate TAB B-4 I _ Aziz OZYILMAZ Civil Engineer am - g e or Yiia,z Te, , -- Eng _ _ _ -- Turkey.f.- _a 20 years exr _ ^Constru--o^ De- _ - _ =s ate Develops Experience Contact • 2012 - 2020 COLLIERS IN'= -_-PROJECT MANAGEMENT SERVICES Phone TURKEY 315-334-3878 MANAGING PARTNER Email E -_ 'A Pr::S. Manage- _ 12. s;ar-e" ._ azizozyiimaz@gmail.com - _ =men- a^- _ _,s n note orclecs a. a Address ho 11700 Lebanon Road Unit 625 = Frisco TX 75035 ;re Gang - = Manager-e or era Education =- u1es - __ -_ c Manage—?nt of estm _ 2004 -_- Yildiz Technical University ISTANBUL/TURKEY Civil Engineering _ Expertise = - • Project Management • Design Managament • Construction 2015 - 2022 • Budget and Cost Control — _ • Architectural and Interior Design OWNER • Real Estate Investment Language O 2013 - 2020 English Turkish OWNER ,' - ,— -I 1- ,, -77-40 • , - ' - • , :. -,- ,., , :„ . _.,....._....._ ._ . , _. 0 Aziz OZYILMAZ Civil Engineer Experience • 2007 - 2012 AMPLIO REAL ESTATE INVESTMENT CO. Istanbul - T.,--;.KEY Contact DIRECTOR of PROJECT & DESIGN — ..-_, wort, for Amplic Ho.., -wes:. ., , r 20C' a Germar , - - --Ipany Phone - - ..:en an off.ce,r,ThrKey ':-.,inve,'. L.focus c.,-- — --,— - ,---, -00k part In 315-334-3878 -- - ent of+fie-70_:r1-e,, office of Amplio Sp- - - - -, - - - agreement :stvveen A--,:. . .---::he Pih:or,brand:•:. 1-__ : -ore 7-,-- ...- - --2-,Garr'e.:- .nr. --_,---.7-.:, bv 1.-1:.-.:,- - -,-:er.. °„-_-,efs in TJrke, With s_.-..-- r : ;-_ :.:9 - Email - - - ---, -- - - - - . - ar5 esoe-:e,,!.. . ---27e azizozyilmaz@gmail.com _ , Address __ _ i _ _ _ _ _ --.anagmg al, 11700 Lebanon Road Unit 625 - - - : - -- -• -- — LIT:et ,.7,E ZOr'.7) ` Frisco TX 75035 Education 2006 - 2007 MTG ENGINEER NC CO 2004 PLANNING MANAGER Yildiz Technical University ISTANBUL/TURKEY Civil Engineering Expertise 2005 - 2006 URAN CONSTRUCTION stanr.:.:r - TURKEY' • Project Management TECHNICAL OFFICE RESPONSIBLE & SITE MANAGER ASIST. _ _ ,_ • Design Managament • Construction , • Budget and Cost Control • Architectural and Interior Design 6 , - - '_- _- , • Real Estate Investment Language Reference English Alaeddin BABAOGLU Kerim CIN Turkish Phc-,e Phone: - Erna!' Email: - = 2 Aziz OZYILMAZ Civil Engineer COMPLETED PROJECTS - COLLIERS INT. PROJECT MANAGEMENT RIXOS HOTEL GROUP- LAND OF LEGENDS WATER&THEME PARK _ COLLIERS INTERNATIONAL PM SERVICES- TURKEY nelF :mow. Project Investment Valuation&Cost Control Services 44 it ,• 639.000m2 Entertainment Complex 17,000 m2 Hotel, 196.000 m2 Shopping Center. 146,000 m2 4,4 �... Life Park, 280.000 m2 72 Water Slide Park Investment Cost : 600 Million Dolar The Water&Theme Park project was carried out with the project loan given by a consortium of 4 banks in Turkey. As Colliers. representing these banks: fi ` ' _ � ' Preparation of Project Investment Evaluation Report. A. tie ` Preparing the construction progress report on a monthly basis. Within the scope of the consultancy service, tracking the 7 expenditures. tracking the progress payments according to the construction progress and releasing the loan used accordingly BESIKTAS FC - Besiktas Vodafone Arena Football Stadium Project COLLIERS INTERNATIONAL PM SERVICES -TURKEY Project Investment Valuation &Cost Control Services Total Audience Capacity : 42.590 investment Cost : 110 Million Dolar The stadium renovation project was carried out with the project loan given by a consortium of 3 banks in Turkey. As Co e-s. represe these banks: Preparation of lnves me^ = , s`.ua on Report. Preparing the cons- fiction pro,r, report on a month.. basis. `'Withn the ccope of the cons. .rai'cy sere __- tracking the - - ✓x.p_ '�'�'tUreC, trah;ng the �?'"0g' � '��•"` _ _ � _.Ord,na re ^n progress and reicas it acc'.ordi -g y; 3 Aziz OZYI LMAZ Civil Engineer COMPLETED PROJECTS - COLLIERS INT. PROJECT MANAGEMENT ALLIANZ HEAD QUARTER OFFICE Istanbul - TURKEY COLLIERS INTERNATIONAL PM SERVICES - TURKEY initial & Final Technical Due Dilligence 45.000 m2 Office Building. Height : 185 m LEED Platinium Certificate The building constructed by Ronesans Gavrimenkui was purchased by Allianz for the AIiianz Turkey headquarters r ` V building. As Colliers. ail engineering and initial & final technical due diiligence cf the building were made. Compliance with Aliianz standards and negative conditions were determined. + , I X ? he report we prepared vvas used duet^g the p•,rchasing process. p ALSAN:�,K lZ1/ R - TurcKE j n..`✓. _ + • • COLLIERS INT. PM SERVICES ! COLLIERS INT. PM SERVICES Nu 4nll:it11. 12_ Guest Roc~ I�Osmosis 136 Guest Roos, 33 R --- I i .1 Investment Cc_. or -. !nvestnlent Cost 2E f`1 1 I T rmhGARDEN IN RG .( Ap'._ ON GARDEN r r ?til7i R� RRR COLLIERS INT. PM SERVICES i. i. ' > COLLIERS INT, PM SERVICES COLLIERS INT, PM SERVICES 4 - - - R� COLLIERS INT. FEASIBILITY and 0 FRANCHISE AGREEMENT • 4 Aziz OZYILMAZ Civil Engineer ' , + H.AMPTON BY HILTON BATMAN HAMPTON BY HILTON K.MARAS ., �.-* TURKEY COLLIERS INT. PM SERVICES '001 To •i a ..! COLLIERS INT. PM FEASIBILITY 6.000 m2 Construction Area It t . _ and FRANCHISE AGREEMENT i i , i 79 Guest Room 8.000 m2 Construction Area Investment Cost : 11 Million S ^° .` -. 115 Guest Room COMPLETED PROJECTS - POYA PROJECT DESIGN CO. ' ' 1‘- '''""4;* 1" 1 ® NOVO-_` DI•'ARBAKI:R 6 ter. :: :' 4 POYA PROJECT DESIGN CO, of the ProjeC,''' ' " ` -. „,„,, -`"' ''' - ' , .4tt. U II iiii: j i r till ,,,,,,R. If IN L' — „ __ {_,,r, , v of„, �,. POYA PROJECT DESIGN CO, :u e& _ - _;c 1, ,. Y_ Mrs 1 .. * p yi;� s Y .� 5 Aziz OZYILMAZ Civil Engineer COMPLETED PROJECTS - POYA PROJECT DESIGN CO. ,. RADISSON BLU DIYARBA.KIR • 't POYA PROJECT DESIGN CO. Y • 1,e , 1, -SE P OJECT POYA PROJECT DESIGN CO. ai ';': iI .I I s iil '61 POYA PROJECT DESIGN CO. i _ _ _S. _ 1 COMPLETED PROJECTS - POYA CONSTRUCTION CO. —-f — - -A- N N A " A,N _7 , / POYA CONSTRUCTION ION CO11 _ POYA CONSTRUCTION CO. t t r.er L, _.- _ a W f rI . . ... ..;,---)4 Aziz OZYILMAZ Civil Engineer PRESS RELEASE MOVENPICK GOLDEN HORN HOTEL , . . ... ,...,,_,., ..., .. _ .. ..,.. •-• 1 . 111111.° - 1-lit. i - ....... ''' • -.........,a, ... ,,_ _ IP''-,. ' I LT P I . ,.- .., , . ...,,. ..-:. •RL D --- -' • ... ..,1..t..: ,. , - 7,.,----:-. ,,,. . . . .. sevaisPick Hobei Istanbu',, I., • Go,cie-Ho,2c14tt iviar...k ;. ••- . I . -,- •.• 1 -:. •-14'F fl-ii''' ' ,. ,.-- . - ••--- -,•:•:, . :. • .. M - - — 1:40.,09 111::1 ILION .4 .11••11,4 .A.. ''.. 3 .--. ....:7-_-',--::::=Zi:.5-':.. • "0 Si . ., ._..„,. . . ....., . , . -,,,;-7.7- .,.,...;•:•:,-;•.'-'!=-:. -77'''''-i.',F, .-.;-,:-•- be Oiyer gns tts f. ....,,,,. '.' '-:-':....,:•:-.. ,-.,--. -7:-.."-,f,'L.7:-,:, . .. _ . k i r-, r first/-/0 cirke te/in - * .:,. , _ k•..., : ....'.4.47'.;• :,,, '''"*•^44.::"..,,..,:::4,..., f, :i1''''t .°1/4 ty.''''. ''''''.... ..44 ,,,,,,,,:,,..--O.,,,..„ • t ' *:.Or''',7'.:::''''..O.Y,n'''''''. ''..), 0d.. .:': ''.'. ''''''.:. .'.."."...,.;.,.,',,'. ... '4'' 0 1 Z7:Z.: , r 44 ' . '',.' . ,4 Z .,,.t... . . 4 .''''.1 ..Z , ,,, ..: ' ''., ." • '.' '...Z.,-...-44.,2' - ....-r.,,.., .` c .O,4' S1 ,,, 4... ' ...t,....,:::,,44.,,,,,,..,,,,Z;Z: jvc,iiritfit, '77/eket'. i'.' . - ' • ‘N'‘ 416 44.-' ':*'• ' - • -- 1r,.- -... •, vl- 11 ,., . „...- '''.-:-...II. '''''':::'..1'. ''''''.:t• .4,,',.,,,.7' . •* .1 . 111., -A_ • -- -•--'. - • ''.4.,:,t4."'1/4,,,?!..-04,',..S '"4,,_.''',',.. -, -a* 1", NN ‘4‘ •• -1-...,..-,;tt..:;,-,.., _,-,,,„,%-_-4,...-,-,-..,,,,,,, ,1-2,... 0 ,,,,,- ..,,„,,,,• -,.„. ,..- ,. ...f* : ., .. .- ,„... , . . -.... ,.7•;.**%.°... \ . .. - ..., .., ., -. .., 5:1,411.1,,A :, „,„ ,Z :::., , .. .,---- • ,• ' TAB B-5 . . Pik Aydan OZYILMAZ naie a toache'or degree:n Urrversit,, or Dro..,dence Great Fa IsAlontar-, and international Feat ors.1 haie a 22 years expe,ence in Hote Marag- VI no ,,,th our plans the setts_in the—S,-‘ - --",' e ended,Dur:0-,per.it,-, -- ---, h - -,cerate r-Turkey and sett ed ro the Li.S, Contact Experience Phone 9 2014 - 2020 315-281-6567 I PaYA TOURISM INVESTMENT and MANAGEMENT CO MANAGING PARTNER Email ozyilmazaydan@gmail.corn Address 11700 Lebanon Road Unit 625 Frisco TX 75035 - - - - --- -Y— ,=-- zi,-,?- .,-?,os, ly-Y-,-:' , r_q,e‘, Education _3_ - ,, to- i:a-_-..eh n- - --- i .-,:.;-'0,1, -ilii,,re'. 2000 University of Providence Great Falls/ MONTANA Political Science and International Relations • 2012 - 2014 DOUBLE TREE BY HILTON ALSANCAK IZMIR - TURKEY 1992 GENERAL MANAGER Charles M.Russell High School • 2009 - 2012 Great Falls/ MONTANA CROWN PLAZA MINSK - BELARUS DIRECTOR OF SALES & MARKETING Expertise • Sales and Marketing • 2005 - 2008 LIMAK AMBASADORE HOTEL ANKARA - TURKEY • Hotel General Manager DIRECTOR OF SALES & MARKETING • Hotel Management 2003 - 2005 LIMAK HOTELS & RESORT ANTALYA - TURKEy DIRECTOR OF BUSINESS DEVELOPMENT Language English 2000 - 2003 HILTON HOTEL ANKARA - TURKEY French Turkish SALES EXECUTIVE -,cept 1 PLEASURE ISLAND WATERPARK Upon a portion of the Land, Developer proposes to construct a water-themed amusement park, featuring water-play attractions that may include, without limitation, swimming pools, water slides, splash pads, water playgrounds, and lazy rivers, as well as areas for floating, bathing, swimming, and other barefoot environments, along with accompanying parking areas to accommodate its visitors ("Pleasure Island Water Park"). Developer tentatively plans that the Pleasure Island Waterpark house indoor and outdoor water attractions— with approximately one third of the attractions being indoor. Developer anticipates Pleasure Island Waterpark to complement other development phases of the Land, which may include any combination of recreational, hotel, hospitality, retail, office, and residential uses. Developer currently projects that the Pleasure Island Waterpark (exclusive of parking facilities and other common areas)would feature between 250,000 and 400,000 square feet of water-themed attractions, while drawing between 400,000 and 600,000 visitors per calendar year, while being open (whether "indoor/outdoor" attraction or"indoor attractions only") more than 300 days per calendar year. Pleasure Island Waterpark would employ more than one hundred individuals (on both full-time and part-time basis). iiiiiiiimietcept 2 Waterpark Concepts Lazy River N. _ z . epo x. ,,.. s _ t .. 'V.., b �".• .T' yy q 1 Y ,�[ hive • °-..■fix.., +,. :ram" ,;., -.. � �2 �,, .r ,.. Wa,..."' .s �. • •t • i. r tk * y ' f s ',ri.� - _ f t a 0 R' Wave Pool • Surfing . . -,N, ..., . .,..3,.,, 1 .. 41, . • 4 s. s 'i� r 4 fit ,T ..e:`ma•; 4 y i VI, .� r P .yy�� A `Y f t Pi : • • . T a Ti f-WAVE IN MI ROAD / s r i ► • �I ® RESORTS(2-5FLOORS) cept 3 WATERPARK *IOC if 011 E ENTHUILE -._ EP ■RESORTS&WATERPARK FACILITIES PARKIiYL01 U RESTAURANTS&APARTMENTS (2.5 FLOORS) PROPERTY UWE ; Em I TEMPORARY BUILDINGS FOR PLAY I AREA&PUBS(AROUND THE LAKE) 0 TEMPORARY BUILDINGS FOR PLAY AREA PERFORMANCE STAGE PIKE Of NSTUTATfri Crt IFOI MATO MARI' 'i MBPART 1ST MI 1 Ait1*I 1TRNijEXKIINGFACLITE; • ' 31DPN1T ii r T r ,-AOiR aER A— AESORT EXyLO51 1 A10E F` i f j i —t — — — ---r f i i WOE S Gl IO 1OC ATEIN sI T1 o I s r s > i ? i i tl ♦ t * r x . % 0 @ AEGItEIIPgHT I I tl i ri'> # 1` ° i 4 0 IE%I$TING FACIUTESI i ♦ i-f a..♦ i T DECK ENDP �',DWI jI ' _ jE0 STING FACIUTES1 i s r s > s r e U r } # s ♦ i 0 r t`r t` , r I 1'i 4y a 0 11 1 r , . O E 1 IGNONITHENCE_1 ► ( r ARM 1 *Elf k _ •RPAP ItEa ANG BURrNET r F lP##i1 /Ili 111 III1 111 I- A 4 ! 111111 r __._-.-4P,1 r-f—.-21[-i .-t 'yf AKE PROMERADE DECK PROPEPFi U NE IEO S flWG FAQ DIES OVERALL BUILDING LAYOUT 2. Pleasure Island Market Research Construction Summary Overall Construction Summary All-Time Annual Average Delivered Past 8 Quarters Deliveries Next 8 Quarters Proposed Next 8 Quarters 120 0 0 MAP OF 24 MONTH DELIVERIES, UNDER CONSTRUCTION, PROPOSED PAST AND FUTURE DELIVERIES Under Construction Properties Properties Units Percent of Inventory Avg. No. Units 000% 0 Low Average Median High Property Size in Units - - - - Number of Stories - - - - Average Unit Size SF - - - - Star Rating Estimated Delivery Date - - - - Months to Delivery - - - - Construction Period in Months - - - - Under Construction Properties No under construction properties found. Deliveries Past 12 Months Summary Properties Units Vacancy Rate Avg.Asking Rent/Unit Unit Mix Low Average Median High Property Size in Units - - - - Studio Units - - -One Bedroom Units - - - - Two Bedroom Units - - - - Three Bedroom Units - - - - Property Attributes Low Average Median High Number of Stories - - - - Average Unit Size SF - - - - Rating Leasing Performance Low Average Median High Vacancy Rate - - - - Asking Rent Per Unit - - - - Effective Rent Per Unit - - - - Asking Rent Per SF - - - - Effective Rent Per SF - - - - Concessions - - - - Deliveries Past 12 Months No delivery properties found. UNITS UNDER CONSTRUCTION z 250 S 1 I r i i i 1 i i 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 ■ Past Construction • Current Under Construction CONSTRUCTION DELIVERIES IN UNITS 200 180 160 140 120 100 80 6°- 40 20 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 PERCENT OCCUPIED AT DELIVERY 1;101 60% 40% S. 20% Oe.'0 I 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 f,-,] Percent Occupied All-Tirrte Average NEW CONSTRUCTION OCCUPANCY AFTER DELIVERY BY YEAR BUILT 00°. ._ ___ .. __.._._ .._.... .... ..__.. _.... _ .. _-_. _.... _..._.... _. ...... _. .. ........ EC 0°i01 1 I I I t 1 I r I De'iver, QI Q2 03 04 05 0.5 07 08 2C2_ ABSORPTION IN UNITS ASKING RENTAL RATES PER UNIT S1,800 S1,000 $600 I I I r I 1 r t t r r 1 t 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Rents In Deliveries Within Overall Average Rent 3 Years Sale Comparables Summary Sale Comparables Avg. Price/Unit(thous.) Average Price(mil.) Average Vacancy at Sale Sales Attributes Low Average Median High Sale Price - - - - Price Per Unit - - - - Cap Rate - - - - Vacancy Rate at Sale - - - - Time Since Sale in Months - - - - Property Attributes Low Average Median High Property Size in Units - - - - Number of Floors - - - - Average Unit SF - - - - Year Built - - - - Star Rating Sale Comparables Summary No Sale Comparables Found Sale Comparables No Sale Comparables Found Sales Volume PORT ARTHUR/GROVES NEIGHBORHOOD SALES VOLUME IN UNITS Sales Pricing Geography Transaction Low Bottom 25% Median Average Top 25% High s United States 24,110 $5,00 $68,89 $187,58 $229,56 $490,77 $21,818,11 0 1 4 0 6 3 Beaumont 5 $53,00 $79,68 $118,50 $131,26 $143,52 $157,884 0 6 6 0 5 Port 1 $157,88 N/A $157,88 $157,88 N/A $157,884 Arthur/Grove 4 4 4 s Selected 0 - - - - - - Sale Comps Sales Pricing Geography Transactions Low Bottom 25% Median Average Top 25% High United States 7,860 1.0% 3.3% 4.8% 5.2% 7.9% 25.0% Beaumont 3 6.4% N/A 7.2% 8.4% N/A 11.6% Port Arthur/Groves 1 11.6% N/A 11.6% 11.6% N/A 11.6% Selected Sale 0 - - - - - - Comps PRICE PER UNIT SUMMARY FOR SALES IN PAST YEAR Cap Rates CAP RATE SUMMARY STATISTICS IN PAST YEAR Buyers TOP BEAUMONT MULTIFAMILY BUYERS PAST TWO YEARS Properties Bought Properties Sold Company Name Bldgs Units Volume Bldgs Units Volume RREAF Holdings 2 512 S63.520.987 0 0 - Biackstone Inc. 1 246 $38.839.504 0 0 - Hudson Advisors L.P. 1 176 S20.856,984 0 0 Joel Hersko 2 316 512.400,000 0 0 - AMBO Properties 3 394 $10.850,000 0 0 Compqsoft.Inc 1 120 $5.100.000 0 0 Kimberly Workman 1 20 $1.060,000 0 0 - Karan Korpal 2 46 S825.000 0 0 - -- _ .,es An.,l. F,._, �::nma,v. TYPES OF MULTIFAMILY BEAUMONT BUYERS PAST TWO YEARS Buying Volume Average Purchase Company Type Bldg Units Million Price/Unit Avg Price s s Private 10 1'828 $688.6 $68,832 $8,865,598 Private $38.8 $157,88 $38,839,50 Equity 1 246 4 4 4 Institutional 1 176 $20.8 $118,50 $20,856,98 6 5 4 REIT/Public 0 0 - - - $0 $23 $46 $69 $92 Sellers TOP BEAUMONT MULTIFAMILY SELLERS PAST TWO YEARS Properties Sold Properties Bought Company Name Bldgs Units Volume Bldgs Units Volume BSR Real Estate Investment Trust 2 512 $63,520,987 0 0 - Preferred Apartment Communities,Inc 1 246 538.839,504 0 0 - Macquarie Principal Finance Pty Ltd 1 176 $20,856,984 0 0 - Pillar Income Asset Management 1 176 $20.856,984 0 0 - Windy City RE 1 96 $12,400,000 0 0 - Dwell Wise,LP 2 125 $10,850,000 0 0 - Inff Investments LIc 1 120 $5.100,000 0 0 - Dennis&Penelope McBryan 1 20 $1,060,000 0 0 - Pecos&Minor LIc 1 22 $825,000 0 0 - Joshua Hieronymus 1 7 $255,000 0 0 - Michael John Richard 1 4 $69,000 0 0 - S•:'- ea .-Avthir Groves Muiti-Famdv su- ar of TYPES OF MULTIFAMILY BEAUMONT SELLERS PAST TWO YEARS Selling Volume Average Sale Company Type Bldg Unit Million Price/Unit Avg Price s s s REIT/Public 3 758 $102.3 $135,04 $34,120,16 6 0 3 Private 8 394 $30.5 $77 560 $3,819,875 Private 1 176 $20.8 $118,50 $20,856,98 Equity 6 5 4 Institutional 1 176 $20.8 $118,50 $20,856,98 6 5 4 $0 $30 $60 $90 $120 580 Pleasure Pier Blvd - Pleasure Isla ... PREPARED BY Bilal Asmar Commercial Realtor Demographic Overview Population(1 mi) Avg.HH Size(1 mi) Avg.Age(1 mi) Med.HH Inc.(1 mi) Population 1 Mlle 3 Mile 5 Mile 2022 Population 522 17,936 41,488 2027 Population 532 17,752 40,642 Pop Growth 2022-2027 1.9% (1.0%) (2.0%) 2022 Average Age 43 38 37 Households 2022 Households 223 6,542 15,025 2027 Households 227 6,479 14,733 Household Growth 2022- 1.8% (1.0%) (1.9%) 2027 Median Household Income $29,721 $35,959 $40,351 Average Household Size 2.3 2.7 2.7 Average HH Vehicles 1 2 2 Housing Median Home Value $68,103 $61,495 $71,346 Median Year Built 1954 1953 1957 Age & Education Ethnicity POPULATION BY RACE 2022 Population Race 1 Mite 3 Mile 5 Mile White 82 15.71% 5,521 30.78% 20,645 49.76% Black 430 82.38% 11,137 62.10% 17,239 41.55% Asian 1 <1% 703 3.92% 2,206 5.32% American Indian 8 Alaskan 1 <1% 299 1.67% 687 1.66% Hawaiian 8 Pacific Islander 0 0.00% 8 <1% 33 <1% Other 18 1.53% 267 1.49% 678 1.63% 80 270 360 450 MILITARY POPULATION 2022 Population 1 3 Mile 5 Mile Mile Military 0 0.00% 10 <1% 17 <1% 14 Non-Military g 100.00 5,27 99.81 13,76 99.88 Workforce % 6 % 2 % Page 67 Port Arthur/Groves 1 lb tisk0 CoStar PREPARED BY Bilal Asmar Commercial Realtor Overview 12 Mo. Delivered Units 12 Mo.Absorption Units 0 (78) Vacancy Rate 12 Mo.Asking Rent Growth 11 .8% 2 .9% The vacancy rate in the Port Arthur/Groves Submarket has expanded moderately over the past year, but at 11.8%, essentially aligns with the long-term average. While developers have been active in recent years, nothing has delivered over the past 12 months. New supply will remain minimal in the near-term as nothing is currently underway. Rents have increased by an Historical Forecast Annual Trends Month Average Average Peak When Trough When Vacancy Change 2.3% 10.9% 11.6% 25.6% Q1 6.3% Q3 (YOY) Absorption Units (78) 46 (9) 543 Q4 (556) Q1 Delivered Units 0 56 0 656 Q3 0 Q3 Demolished Units 0 0 1 0 Q3 0 Q3 Asking Rent 2.9% 1.6% 1.8% 7.8% Q2 -2.8% Q4 Growth(YOY) Effective Rent 2.8% 1.6% 1.8% 8.7% Q2 -3.4% Q4 Growth(YOY) Sales Volume $38.8M $7.7M N/A $49.7M Q3 $0 Q1 Vacancy Asking Effective AbEOrPtim Delivered Under Current Quarter Units Rate Rent Rent Units Units Constr Units &5 Star 1,034 6.0% $1,148 $1,143 4 0 0 Star 873 18.0% $1,039 $1,030 0 0 0 &2 Star 1,519 12.2% $853 $847 0 0 0 Submarket 3,426 11.8% $991 $984 4 0 0 KEY INDICATORS impressive 2.8%over the past year, which exceeds the average annual growth of 2.1% over the past decade. There is some investment activity in the Port Arthur/Groves Submarket. Over the past three years, there have been 10 transactions. The market price,which is an estimated price of all properties in the submarket, has risen dramatically over that time period and now stands at$99,816/unit. Vacancy Vacancy Rent Apartments command an average price Port Arthur/Groves Multi-Family tag of about$990/month in the Port Arthur/Groves Submarket, right in rowth rate over the past three years. line with the average in the roger-term view, apartment rents in Port Arthur/Groves structurally affordable Beaumont their 10-year-ago levels. That comes just below the metro. 3.2% metro-wide uptick over the past decade. Rents in the submarket grew by a moderate 2.8%year over year as of 2022Q4,which was about the same as DAILY ASKING RENT PER SF $1 25 $1 15 $1.10 $1.05 $ I l l 1 1 1 = 1 1 , i 1 t I . I 1 1 . I , 1 : 11 I , ° 2017 1 2018 1 2019 2020 2021 2022 5 Port Arthur'Groves Rent Construction Construction All-Time Annual Avg. Units Delivered Units Past 8 Qtrs Delivered Units Next 8 Qtrs Proposed Units Next 8 Qtrs 56 0 0 PAST 8 QUARTERS DELIVERIES, UNDER CONSTRUCTION,&PROPOSED PAST&FUTURE DELIVERIES IN UNITS Sales Port Arthur/Groves recorded 5 apartment sales over the past year, which is roughly in line with the number of deals in any given year. Over the past five years, annualized sales volume has averaged $6.7 million. But volume hit$38.8 million during these past 12 months,the highest level recorded over that five-year period. The market price,which is derived from the price SALES VOLUME&MARKET SALE PRICE PER UNIT movement of all apartment communities in the submarket, now sits at$99,816/unit.That figure is up from this time last year, and pricing is roughly in line with the metro's average.The market cap rate has held firm at 6.1%, and it's in close range of the region's average. The current rate is under the submarket's five-year average. Sales MARKET CAP RATE 7.2% Forecast 7.0% 6.8% 6.6% 6.4% 6.2% 6.0% 5.8% 5.6% I l l i i t l i l 1 1 1 l 1 l 1 , J , I , mil i t I l l , l 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 I Port Arthur/Groves 3 Star I Port Arthur/Groves 4-5 Star I Port Arthur/Groves Beaumont Sales Past 12 Months Sale Comparables Avg. Price/Unit(thous.) Average Price(mil.) Average Vacancy at Sale Sales Low Average Median High Attributes Sale $38,839,504 $38,839,504 $38,839,504 $38,839,504 Price Price/Un $157,884 $157,884 $157,884 $157,884 it Cap 11.6°Ao 11.6% 11.6% 11.6% Rate Vacancy 4.5% 21.4% 16.6% 51.1% Rate At Sale Time 0.4 3.1 3.7 4.4 Since Sale in Months Property Low Average Median High Attributes Property 14 133 136 246 Size in Units Number 2 2 2 3 of Floors Average 546 773 831 882 Unit SF Year 1958 1973 1962 2010 Built ,y, 1 Star * * 7� * * * * * * 7�! Rating 3.3 Sales Past 12 Months RECENT SIGNIFICANT SALES Property Information Sale Information Property Name/Address Ratin Yr Unit Vacanc Sale Date Price Price/Unit Price/S g Built s y F Stone Creek Port Arthur 6/23/202 $38,839,50 $157,88 3035 Lake Arthur Dr 2010 246 4.5% 2 4 4 $165 Port Arthur Park Apartments 1959 186 51.1% 10/6/202 _ 2 1348 Jefferson Dr Tropicana Apartments 5035 Monroe St 1965 86 4.7% 7/5/2022 - - 1349 Jefferson Dr 1958 14 28.6% 6/6/2022 - - OVERALL SUPPLY&DEMAND Inventory Absorption Year Units Growth %Growth Units %of Inv Construction Ratio 2026 3,422 (1) 0% (16) -0.5% 0.1 2025 3,423 (1) 0% (10) -0.3% 0.1 2024 3,424 (1) 0% 8 0.2% - 2023 3,425 (1) 0% 16 0.5% - 2022 3,426 0 0% (38) -1.1% 0 YTD 3,426 0 0% (34) -1.0% 0 2021 3,426 0 0% 45 1.3% 0 2020 3,426 190 5.9% 161 4.7% 1.2 2019 3,236 0 0% 133 4.1% 0 2018 3,236 0 0% 272 8.4% 0 2017 3,236 0 0% (529) -16.3% 0 2016 3,236 0 0% 12 0.4% 0 2015 3,236 0 0% (59) -1.8% 0 2014 3,236 0 0% 203 6.3% 0 2013 3,236 0 0% (15) -0.5% 0 2012 3,236 0 0% (15) -0.5% 0 2011 3,236 0 0% 97 3.0% 0 2010 3,236 630 24.2% 543 16.8% 1.2 4&5 STAR SUPPLY&DEMAND Inventory Absorption Year Units Growth %Growth Units %of Inv Construction Ratio 2026 1,034 0 0% (5) -0.5% 0 2025 1,034 0 0% (3) -0.3% 0 2024 1,034 0 0% 3 0.3% 0 2023 1,034 0 0% 6 0.6% 0 2022 1,034 0 0% (11) -1.1% 0 YTD 1,034 0 0% (10) -1.0% 0 2021 1,034 0 0% 37 3.6% 0 2020 1,034 0 0% 9 0.9% 0 2019 1,034 0 0% 111 10.7% 0 2018 1,034 0 0% (80) -7.7% 0 2017 1,034 0 0% (58) -5.6% 0 2016 1,034 0 0% (9) -0.9% 0 2015 1,034 0 0% (22) -2.1% 0 2014 1,034 0 0% 70 6.8% 0 2013 1,034 0 0% 30 2.9% 0 2012 1,034 0 0% 12 1.2% 0 2011 1,034 0 0% 112 10.8% 0 2010 1,034 618 148.6% 514 49.7% 1.2 3 STAR SUPPLY&DEMAND Inventory Absorption Year Units Growth %Growth Units Y.of Inv Construction Ratio 2026 873 0 0% (4) -0.5% 0 2025 873 0 0% (3) -0.3% 0 2024 873 0 0% 2 0.2% 0 2023 873 0 0% 4 0.5% 0 2022 873 0 0% 22 2.5% 0 YTD 873 0 0% 23 2.6% 0 2021 873 0 0% (42) -4.8% 0 2020 873 190 27.8% 97 11.1% 2.0 2019 683 0 0% 0 0% - 2018 683 0 0% 71 10.4% 0 2017 683 0 0% (47) -6.9% 0 2016 683 0 0% 27 4.0% 0 2015 683 0 0% (3) -0.4% 0 2014 683 0 0% 32 4.7% 0 2013 683 0 0% (48) -7.0% 0 2012 683 0 0% (6) -0.9% 0 2011 683 0 0% (8) -1.2% 0 2010 683 0 0% (1) -0.1% 0 1 &2 STAR SUPPLY&DEMAND Inventory Absorption Year Units Growth %Growth Units %of Inv Construction Ratio 2026 1,515 (1) -0.1% (7) -0.5% 0.1 2025 1,516 (1) -0.1% (4) -0.3% 0.3 2024 1,517 (1) -0.1% 3 0.2% - 2023 1,518 (1) -0.1% 6 0.4% - 2022 1,519 0 0% (49) -3.2% 0 YTD 1,519 0 0% (47) -3.1% 0 2021 1,519 0 0% 50 3.3% 0 2020 1,519 0 0% 55 3.6% 0 2019 1,519 0 0% 22 1.4% 0 2018 1,519 0 0% 281 18.5% 0 2017 1,519 0 0% (424) -27.9% 0 2016 1,519 0 0% (6) -0.4% 0 2015 1,519 0 0% (34) -2.2% 0 2014 1,519 0 0% 101 6.6% 0 2013 1,519 0 0% 3 0.2% 0 2012 1,519 0 0% (21) -1.4% 0 2011 1,519 0 0% (7) -0.5% 0 2010 1,519 12 0.8% 30 2.0% 0.4 OVERALL VACANCY&RENT Vacancy Market Rent Effective Rents Year Units Percent Ppts Chg Per Unit Per SF %Growth Ppts Chg Units Per SF 2026 407 11.9% 0.4 $1,083 $1.30 1.9% (0.5) $1,076 $1.29 2025 392 11.4% 0.3 $1,063 $1.27 2.5% 0.5 $1,056 $1.26 2024 383 11.2% (0.2) $1,038 $1.24 2.0% (1.2) $1,031 $1.23 2023 392 11.4% (0.5) $1,018 $1.22 3.1% 1.4 $1,011 $1.21 2022 408 11.9% 1.1 $987 $1.18 1.7% (5.3) $980 $1.17 YTD 405 11.8% 1.0 $991 $1.19 2.8% (4.2) $984 $1.18 2021 372 10.9% (1.3) $970 $1.16 7.0% 8.9 $959 $1.15 2020 415 12.1% 0.2 $907 $1.09 -1.9% (3.6) $891 $1.07 2019 384 11.9% (4.1) $925 $1.11 1.6% (2.2) $909 $1.09 2018 517 16.0% (8.4) $910 $1.09 3.8% 1.8 $903 $1.08 2017 789 24.4% 16.4 $876 $1.05 2.0% 0.6 $871 $1.04 2016 260 8.0% (0.4) $859 $1.03 1.4% 0.2 $839 $1 2015 272 8.4% 1.8 $847 $1.01 1.3% 1.1 $812 $0.97 2014 212 6.6% (6.2) $837 $1 0.2% (1.5) $818 $0.98 2013 414 12.8% 0.5 $835 $1 1.7% 0.9 $819 $0.98 2012 397 12.3% 0.5 $821 $0.98 0.8% 0 $804 $0.96 2011 382 11.8% (3.0) $814 $0.97 0.8% 1.7 $807 $0.97 2010 479 14.8% (0.2) $807 $0.97 -0.9% - $793 $0.95 4&5 STAR VACANCY&RENT Vacancy Market Rent Effective Rents Year Units Percent Ppts Chg Per Unit Per SF %Growth Ppts Chg Units Per SF 2026 61 5.9% 0.4 $1,235 $1.41 1.9% (0.7) $1,229 $1.40 2025 57 5.5% 0.2 $1,212 $1.38 2.5% 0.3 $1,207 $1.38 2024 54 5.2% (0.3) $1,182 $1.35 2.2% (1.2) $1,177 $1.34 2023 57 5.5% (0.6) $1,156 $1.32 3.4% 8.8 $1,151 $1.31 2022 63 6.1% 1.0 $1,118 $1.27 -5.4% (19.3) $1,113 $1.27 YTD 62 6.0% 0.9 $1,148 $1.31 -1.6% (15.5) $1,143 $1.30 2021 53 5.2% (3.4) $1,181 $1.35 14.0% 18.8 $1,179 $1.34 2020 89 8.6% (0.7) $1,036 $1.18 -4.8% (6.3) $1,021 $1.16 2019 96 9.3% (10.7) $1,088 $1.24 1.5% (2.0) $1,087 $1.24 2018 207 20.0% 7.7 $1,072 $1.22 3.5% 4.0 $1,063 $1.21 2017 127 12.3% 5.6 $1,036 $1.18 -0.5% (0.6) $1,030 $1.17 2016 69 6.7% 0.9 $1,042 $1.19 0.1% 3.3 $1,013 $1.16 2015 60 5.8% 2.1 $1,041 $1.19 -3.2% (2.1) $954 $1.09 2014 39 3.7% (6.8) $1,076 $1.23 -1.1% (2.8) $1,035 $1.18 2013 109 10.6% (2.8) $1,087 $1.24 1.7% 1.3 $1,054 $1.20 2012 138 13.4% (1.2) $1,069 $1.22 0.4% (0.1) $1,039 $1.18 2011 150 14.5% (10.9) $1,065 $1.21 0.5% 3.6 $1,053 $1.20 2010 264 25.5% (12.7) $1,060 $1.21 -3.1% - $1,025 $1.17 3 STAR VACANCY&RENT Vacancy Market Rent Effective Rents Year Units Percent Ppts Chg Per Unit Per SF %Growth Ppts Chg Units Per SF 2026 160 18.3% 0.5 $1,145 $1.43 1.9% (0.5) $1,136 $1.42 2025 156 17.8% 0.3 $1,124 $1.40 2.4% 0.6 $1,115 $1.39 2024 153 17.5% (0.2) $1,097 $1.37 1.8% (1.2) $1,088 $1.36 2023 154 17.7% (0.4) $1,078 $1.34 3.0% (0.6) $1,069 $1.33 2022 158 18.1% (2.5) $1,046 $1.30 3.6% 0.2 $1,038 $1.29 YTD 157 18.0% (2.6) $1,039 $1.30 3.4% 0 $1,030 $1.28 2021 180 20.6% 4.8 $1,010 $1.26 3.4% 6.0 $1,002 $1.25 2020 138 15.8% 9.2 $977 $1.22 -2.6% (5.0) $943 $1.18 2019 45 6.6% 0 $1,003 $1.25 2.4% (1.4) $955 $1.19 2018 45 6.6% (10.4) $980 $1.22 3.8% 1.8 $976 $1.22 2017 116 17.0% 6.8 $944 $1.18 2.0% 0.2 $936 $1.17 2016 69 10.1% (4.1) $925 $1.15 1.9% (3.2) $902 $1.12 2015 97 14.2% 0.5 $908 $1.13 5.1% 4.1 $893 $1.11 2014 93 13.7% (4.5) $864 $1.08 1.0% (0.1) $854 $1.06 2013 124 18.2% 7.1 $856 $1.07 1.2% 0.4 $844 $1.05 2012 76 11.1% 0.9 $846 $1.05 0.8% 0.2 $835 $1.04 2011 69 10.1% 1.3 $839 $1.05 0.6% (0.7) $833 $1.04 2010 60 8.8% 0.1 $834 $1.04 1.3% - $828 $1.03 1 &2 STAR VACANCY&RENT Vacancy Market Rent Effective Rents Year Units Percent Ppts Chg Per Unit Per SF %Growth Ppts Chg Units Per SF 2026 186 12.3% 0.4 $942 $1.14 1.9% (0.5) $936 $1.13 2025 180 11.8% 0.2 $925 $1.12 2.4% 0.6 $918 $1.11 2024 176 11.6% (0.2) $903 $1.09 1.8% (1.2) $897 $1.08 2023 180 11.8% (0.4) $887 $1.07 3.0% (4.6) $880 $1.07 2022 187 12.3% 3.2 $861 $1.04 7.6% 4.5 $855 $1.03 YTD 185 12.2% 3.1 $853 $1.03 6.8% 3.7 $847 $1.03 2021 138 9.1% (3.3) $800 $0.97 3.1% 1.7 $780 $0.94 2020 188 12.4% (3.6) $776 $0.94 1.4% 0.2 $771 $0.93 2019 243 16.0% (1.5) $765 $0.93 1.2% (2.9) $759 $0.92 2018 265 17.5% (18.5) $756 $0.91 4.1% (0.5) $749 $0.91 2017 546 35.9% 28.0 $726 $0.88 4.6% 2.0 $722 $0.87 2016 121 8.0% 0.4 $694 $0.84 2.6% (0.8) $682 $0.83 2015 115 7.6% 2.3 $676 $0.82 3.4% 2.3 $666 $0.81 2014 80 5.3% (6.6) $654 $0.79 1.1% (1.1) $646 $0.78 { 2013 180 11.8% (0.2) $647 $0.78 2.2% 0.8 $641 $0.78 2012 183 12.0% 1.4 $633 $0.77 1.4% 0 $623 $0.75 2011 162 10.7% 0.5 $625 $0.76 1.4% 1.2 $621 $0.75 2010 155 10.2% (1.3) $616 $0.75 0.2% - $612 $0.74 OVERALL SALES Completed Transactions(1) Market Pricing Trends(2) Year Deals Volume Turnover Avg Price Avg Price/Unit Avg Cap Rate Price/Unit Price Index Cap Rate 2026 - - - - - - $106,883 289 6.2% 2025 - - - - - - $104,685 283 6.2% 2024 - - - - - - $102,050 276 6.2% 2023 - - - - - - $99,849 270 6.2% 2022 - - - - - - $99,006 268 6.1 YTD 4 $38.8M 15.5% $38,839,504 $157,884 11.6% $99,816 270 6.1% 2021 4 $0 16.4% - - 7.5% $95,821 259 6.0% 2020 2 $0 7.0% - - - $87,171 236 6.2% 2019 - - - - - - $80,916 219 6.5% 2018 1 $6.3M 3.1% $6,260,000 $61,980 5.5% $75,837 205 6.7% 2017 2 $0 1.9% - - - $71,294 193 6.8% 2016 1 $7.6M 4.4% $7,600,000 $53,147 7.0% $69,710 189 6.9% 2015 6 $48.8M 27.6% $24,375,000 $94,112 6.5% $67,526 183 6.9% 2014 4 $26.7M 29.9% $26,650,000 $71,640 6.6% $62,251 169 7.2% 2013 - - - - - - $55,944 151 7.6% 2012 3 $298.8K 14.0% $298,750 $7,287 11.0% $55,419 150 7.5% 2011 1 $3.9M 4.4% $3,850,000 $26,923 9.9% $53,326 144 7.6% 1. Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in the period. 2. Market price trends data is based on the estimated price movement of all properties in the market,informed by actual transactions that have occurred. 4&5 STAR SALES Completed Transactions(1) Market Pricing Trends(2) Year Deals Volume Turnover Avg Price Avg Price/Unit Avg Cap Rate Price/Unit Price Index Cap Rate 2026 - - - - - - $115,859 255 6.1% 2025 - - - - - - $113,616 250 6.1% 2024 - - - - - - $110,756 244 6.1% 2023 - - - - - - $108,177 238 6.1 2022 - - - - - - $107,058 236 6.0% YTD 1 $38.8M 23.8% $38,839,504 $157,884 - $110,510 243 6.0% 2021 1 $0 36.0% - - - $107,441 237 6.0% 2020 - - - - - - $98,218 216 6.1% 2019 - - - - - - $92,554 204 6.3% 2018 - - - - - - $86,572 191 6.6% 2017 - - - - - - $82,626 182 6.7% 2016 - - - - - - $81,623 180 6.6% 2015 2 $48.8M 50.1% $24,375,000 $94,112 6.5% $80,783 178 6.6% 2014 2 $26.7M 49.9% $26,650,000 $71,640 6.6% $75,782 167 6.7% 2013 - - - - - - $69,213 152 7.0% 2012 - - - - - - $68,590 151 7.0% 2011 - - - - - - $66,395 146 7.0% 1. Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in the period. 2. Market price trends data is based on the estimated price movement of all properties in the market,informed by actual transactions that have occurred. 3 STAR SALES Completed Transactions(1) Market Pricing Trends(2) Year Deals Volume Turnover Avg Price Avg Price/Unit Avg Cap Rate Price/Unit Price Index Cap Rate 2026 - - - - - - $130,810 298 6.1% 2025 - - - - - - $128,011 292 6.1% 2024 - - - - - - $124,755 284 6.1% 2023 - - - - - - $122,136 278 6.1% 2022 - - - - - - $121,202 276 6.0% YTD 3 $0 32.8% - - 11.6% $120,903 275 6.0% 2021 - - - - - - $115,967 264 6.0% 2020 - - - - - - $104,547 238 6.1% 2019 - - - - - - $96,889 221 6.4% 2018 1 $6.3M 14.8% $6,260,000 $61,980 5.5% $91,200 208 6.6% 2017 - - - - - - $85,892 196 6.7% 2016 - - - - - - $83,284 190 6.8% 2015 3 $0 53.0% - - - $79,108 180 6.9% 2014 - - - - - - $74,021 169 7.1% 2013 - - - - - - $67,478 154 7.5% 2012 1 $0 27.2% - - - $66,706 152 7.4% 2011 - - - - - - $63,899 146 7.4% 1. Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in the period. 2. Market price trends data is based on the estimated price movement of all properties in the market,informed by actual transactions that have occurred. 1 &2 STAR SALES Completed Transactions(1) Market Pricing Trends(2) Year Deals Volume Turnover Avg Price Avg Price/Unit Avg Cap Rate Price/Unit Price Index Cap Rate 202 - - - - - - $87,021 320 6.3% 6 202 - - - - - - $85,199 314 6.3% 5 202 - - - - - - $83,074 306 6.3% 4 202 - - - - - - $81,371 300 6.3% 3 202 - - - - - - $80,768 297 6.2% 2 YTD - - - - - - $80,418 296 6.1% 202 3 $0 12.5% - - 7.5% $76,332 281 6.1% 1 202 2 $0 15.9% - - - $69,664 257 6.2% 0 201 - - - - - - $63,815 235 6.6% 9 201 - - - - - - $59,700 220 6.8% 8 201 2 $0 3.9% - - - $55,190 203 7.0% 7 201 1 $7.6M 9.4% $7,600,000 $53,147 7.0% $53,800 198 7.0% 6 201 1 $0 0.8% - - - $51,845 191 7.2% 5 201 2 $0 29.8% - - - $46,275 170 7.5% 4 201 - - - - - - $40,282 148 8.1% 3 201 2 $298.8K 17.6% $298,750 $7,287 11.0% $39,967 147 8.0% 2 201 1 $3.9M 9.4% $3,850,000 $26,923 9.9% $38,352 141 8.1% 1 1. Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in the period. 2. Market price trends data is based on the estimated price movement of all properties in the market,informed by actual transactions that have occurred. DELIVERIES&UNDER CONSTRUCTION Inventory Deliveries Net Deliveries Under Construction Year Bldgs Units Vacancy Bldgs Units Bldgs Units Bldgs Units 202 - 3,422 11.9% - 0 - (1) - - 6 202 - 3,423 11.4% - 0 - (1) - - 5 202 - 3,424 11.2% - 0 - (1) - - 4 202 - 3,425 11.4% - 0 - (1) - - 3 202 - 3,426 11.9% 0 0 - 2 YTD 26 3,426 11.8% 0 0 0 0 0 - 202 26 3,426 10.9% 0 0 0 0 0 0 1 202 26 3,426 12.1% 1 190 1 190 0 0 0 201 25 3,236 11.9% 0 0 0 0 1 190 9 201 25 3,236 16.0% 0 0 0 0 1 190 8 201 25 3,236 24.4% 0 0 0 0 0 0 7 201 25 3,236 8.0% 0 0 0 0 0 0 6 201 25 3,236 8.4% 0 0 0 0 0 0 5 201 25 3,236 6.6% 0 0 0 0 0 0 4 201 25 3,236 12.8% 0 0 0 0 0 0 3 201 25 3,236 12.3% 0 0 0 0 0 0 2 201 25 3,236 11.8% 0 0 0 0 0 0 1 201 25 3,236 14.8% 3 630 3 630 0 0 0 • ♦ 1 CoStar PREPARED BY Bilal Asmar Commercial Realtor Overview 12 Mo.Delivered Units 12 Mo.Absorption Units 800 278 Vacancy Rate 12 Mo.Asking Rent Growth 11 .8% 2 . 5% Beaumont's multifamily market is contending with the latest supply wave, following the delivery of the 800 units that opened here over the past year. A net of 280 units have been absorbed over the past 12 months,which compares to the market's five-year average of 93 units.The current vacancy rate stands at 11.8% and is notably higher than the National Index of 5.5%, but this is nothing new as the market has historically underperformed the National Index. Vacancies in Beaumont have trended well above the national index for years due to a myriad of headwinds challenging multifamily fundamentals, including demographic shifts in the working-age population, net migration, and single-family home starts. In fact, for most of the past five years, the region has grappled with double-digit vacancies. The Orange County and Port Arthur/Groves submarkets often rank among the highest in Beaumont in terms of vacancy rate. While they both have received a smaller number of new units in recent years when compared to North/West Beaumont, in terms of percentage of inventory, it has been significantly higher. During the past decade, their total inventories have both expanded by about 8%; meanwhile,the North/West Beaumont's total inventory has only expanded by about 2% during this time. On the other hand, the vacancy rate in submarkets like Nederland/Port Neches, an area that has been largely bypassed by developers over the past decade, consistently ranks among the lowest in the metro. Beaumont has a deep pool of renters-by-necessity, a cohort buoyed by the area's extensive blue-collar employment sectors, particularly the trade, transportation and utilities industry, as well as the mining, logging and construction one. Beaumont remains relatively blue collar in its apartment stock. In fact, around 80%of Beaumont's inventory is rated 3 Star or less. The metro is home to nearly 8,000 affordable units, the vast majority of which are located in the Port Arthur/Groves Submarket,which comprises more than half of Beaumont's affordable units. Around 1,700 market rate units were delivered in Beaumont this past decade, expanding total inventory by about 10% during this time. During this time, more than 70%of all new units were delivered in the North/West Beaumont Submarket. It is one of the youngest submarkets in terms of demographics. Furthermore, incomes here are some of the highest in Beaumont, as neighborhoods with median household incomes well north of$75,000 are common in the submarket. Prior to the pandemic, the Sabine Pass area had seen tremendous investment in recent years, numbering in the billions of U.S. dollars, in liquefied natural gas(LNG)elevators. Cheniere and Golden Pass are the two big LNG plants that opened here in recent years. The latter is a partnership between ExxonMobil and Qatar Petroleum. This joint venture is working on an additional$10 billion expansion in Sabine Pass. When completed, the plant will be one of the largest LNG export facilities in the world. The facility is expected to be operational in 2024. The plan to export LNG from Exxon's Golden Pass terminal is a testament to the renaissance in U.S. energy production. The facility was initially built to import LNG, but the surge in U.S. natural gas production over the past decade means American drillers are now eyeing overseas buyers. These downstream mega-projects tend to employ thousands of temporary construction workers and leave behind a few hundred permanent jobs. However, the permanent jobs that are created tend to be higher-paying, often six-figure, blue-collar jobs. These are accretive to the spending power of the local economy. What will be interesting to watch is where these new Port Arthur-based permanent employees will decide to live. If history is a lesson,they will continue largely to live in the western suburbs of Beaumont, where the higher demographic communities and high-ranking schools are located. However, there are also pockets of Port Arthur with high-ranking schools and communities boasting higher demographics than the surrounding area, which are a far shorter commute to Sabine Pass. This area has seen some new multifamily development in recent years. Asking rents in Beaumont are$950/month, which is nearly 30% less than rates in nearby Houston and typical of a secondary market. They are also about$500/month less than the national average. Thanks to a surge in demand, annual rent growth has improved significantly over the past few quarters and at 2.5%, stands at a record high. Market cap rates have tightened across Beaumont, although the rate of compression has slowed from earlier Overview years of the last expansion. Beaumont's market cap rates are almost 1% above the national benchmark of 5% and above many major metros across the Southeast, such as Dallas, Houston, and Atlanta. Average pricing comes at a significant discount to the national benchmark,with Beaumont averaging roughly$99,000/unit compared to the U.S. average of$260,000/unit. 1 Properties that trade are often small (fewer than 50 units)and several decades old. And while investors have continued to favor small, vintage properties, some of the market's larger properties have helped drive deal volume over the past few quarters. For example, during 22Q2, the 118-unit Sherwood Forest Apartments sold for an undisclosed price.The 1994-built property was fully leased at the time of sale. CoStar estimates that it traded for approximately$6 million ($51,000/unit). KEY INDICATORS Absorption Delivered Under Constr Current Quarter Units Vacancy Rate Asking Rent Effective Units Units Rent4&5 Star 2,943 6.6% $1,154 $1,146 6 0 0 3 Star 8,061 14.8% $966 $954 25 0 0 1 &2 Star 6,922 10.5% $831 $825 (1) 0 0 Market 17,926 11.81% $951 $942 30 0 0 12 Historical Forecast Annual Trends Month Average Average Peak When Trough When Vacancy Change 2.5% 9.2% 11.0% 12.6% 2017 Q4 5.6% 2000 Q4 (YOY) Absorption Units 278 196 91 1,381 2010 Q4 (619) 2017 Q4 Delivered Units 800 264 110 1,656 2010 Q3 0 2021 Q3 Demolished Units 0 1 4 32 2016 Q3 0 2022 Q3 Asking Rent Growth 2.5% 1.8% 2.1% 5.2% 2007 Q3 -2.1% 2009 Q4 (YOY) Effective Rent 2.0% 1.8% 2.1% 5.7% 2018 Q1 -2.3% 2010 Q2 Growth(YOY) Sales Volume $84M $31.6M N/A $138.3M 2020 Q4 $0 2014 Q3 Vacancy ABSORPTION,NET DELIVERIES&VACANCY 1,000 13% Forecast 800 12% 600 �•' 11% 400 •/" 10% 200 9% 0 1a . ! � �� 1 y � ■ ■ . ■ ■ u 80k i I I 1 - 200 7% -400 6% -600 5% -800 4% -1.000` ' f i I i „ f " I I ' I ' I ( '3% 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 ■ Aoscrptior ■ Net Deliveries a Vacancy United States Vacancy Vacancy VACANCY RATE 18% Forecast 16% 14% 12% 10% 6% 4% 2%' , ' � 1 ' ' I I I ' I ' I I ' ' I I f 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 ■ Beaumont 3 Star ■ Beaumont 4-5 Star a Seaurrort United States DAILY ASKING RENT PER SF $1.14 $1.12 $1.10 $1.08 $1.06 $1.04 $1.02 $1.00 $0.98 $0.96 $V941II I1 tll : , . , , , 11 : L1 , . 11 I , l * I111 , i111EI . ii 11Jl 111 „ Ili 11 11 / 1 . 1I1 .. 2017 2018 2019 2020 2021 1 2022 Beaumont MARKET RENT PER UNIT BY BEDROOM $1 300 $1.200 $1.100 $1.000 $900 S800 $700 $600 2017 2018 2019 2020 2021 2022 Studio • Bed • 2 Bed 3 Bed 4&5 STAR EXPENSES PER SF(ANNUAL) Operating Capital Expenditures Expenses Market/Cluster Mgmt. Admin. Payroll Water Utilities Maint Insurance Taxes Appliance Structural Other Total Beaumont $0.47 $0.80 $0.50 $0.44 $0.67 $0.99 $0.36 $2.27 $0.10 $0.31 $0.86 $7.77 Central/South $0.47 $0.80 $0.50 $0.44 $0.67 $0.99 $0.36 $2.27 $0.10 $0.31 $0.86 $7.77 Beau... Nederland/Port $0.47 $0.80 $0.50 $0.44 $0.67 $0.99 $0.36 $2.27 $0.10 $0.31 $0.86 $7.77 Nec... North/West $0.47 $0.80 $0.50 $0.44 $0.67 $0.99 $0.36 $2.27 $0.10 $0.31 $0.86 $7.77 Beaumont Orange County $0.47 $0.80 $0.50 $0.44 $0.67 $0.99 $0.36 $2.27 $0.10 $0.31 $0.86 $7.77 Port Arthur/Groves $0.47 $0.80 $0.50 $0.44 $0.67 $0.99 $0.36 $2.27 $0.10 $0.31 $0.86 $7.77 Expenses are estimated using NCREIF,IREM,and CoStar data using the narrowest possible geographical definition from Zip Code to region. 3 STAR EXPENSES PER SF(ANNUAL) Operating Capital Expenditures Expenses Market/Cluster Mgmt. Admin. Payroll Water Utilities Maint Insurance Taxes Appliance Structural Other Total Beaumont $0.40 $0.79 $0.48 $0.42 $0.64 $0.88 $0.34 $1.56 $0.10 $0.24 $0.75 $6.60 Central/South $0.40 $0.80 $0.48 $0.42 $0.64 $0.88 $0.35 $1.58 $0.10 $0.24 $0.75 $6.64 Beau... Hardin County $0.38 $0.80 $0.47 $0.42 $0.63 $0.85 $0.35 $1.42 $0.09 $0.22 $0.73 $6.36 Nederland/Port $0.38 $0.80 $0.47 $0.42 $0.63 $0.85 $0.35 $1.42 $0.09 $0.22 $0.73 $6.36 Nec... North/West $0.40 $0.78 $0.48 $0.42 $0.64 $0.89 $0.34 $1.63 $0.10 $0.25 $0.76 $6.69 Beaumont Orange County $0.39 $0.80 $0.48 $0.42 $0.64 $0.87 $0.35 $1.52 $0.10 $0.23 $0.74 $6.54 Port Arthur/Groves $0.38 $0.77 $0.47 $0.41 $0.63 $0.85 $0.33 $1.35 $0.09 $0.22 $0.72 $6.22 Expenses are estimated using NCREIF,IREM,and CoStar data using the narrowest possible geographical definition from Zip Code to region. 1 &2 STAR EXPENSES PER SF(ANNUAL) Operating Capital Expenditures Expenses Market/Cluster Mgmt Admin. Payroll Water Utilities Maint Insurance Taxes Appliance Structural Other Total Beaumont $0.34 $0.66 $0.45 $0.40 $0.60 $0.83 $0.28 $1 $0.08 $0.21 $0.68 $5.53 Central/South $0.34 $0.65 $0.45 $0.40 $0.60 $0.83 $0.28 $0.98 $0.08 $0.21 $0.67 $5.49 Beau... Hardin County $0.34 $0.65 $0.45 $0.40 $0.60 $0.83 $0.28 $0.98 $0.08 $0.21 $0.67 $5.49 Nederland/Port $0.34 $0.67 $0.45 $0.40 $0.61 $0.83 $0.29 $1.04 $0.08 $0.21 $0.68 $5.60 Nec... North/West $0.34 $0.66 $0.45 $0.40 $0.60 $0.83 $0.28 $1 $0.08 $0.21 $0.68 $5.53 Beaumont Orange County $0.34 $0.67 $0.45 $0.40 $0.61 $0.83 $0.29 $1.04 $0.08 $0.21 $0.68 $5.60 Port Arthur/Groves $0.34 $0.66 $0.45 $0.40 $0.61 $0.83 $0.28 $1.02 $0.08 $0.21 $0.68 $5.56 Expenses are estimated using NCREIF,IREM,and CoStar data using the narrowest possible geographical definition from Zip Code to region. Construction Under Construction Properties Properties Units Percent of Inventory Avg. No. Units Sales Beaumont is a midsized apartment metro that had 21 market-rate apartment sales close over the past 12 months, similar to many of its peers. That was more of the same for the market, with deal flow keeping pace with what was typical over the previous five years.Annual sales volume has averaged $50.8 million over the past five years, and the 12-month high in investment volume hit$138 million over that stretch. In the past 12 months specifically, $83.8 million worth of multifamily assets sold. Deals involving mid-tier apartments influenced that sales volume in the past year, with $44.1 million invested in the market. SALES VOLUME&MARKET SALE PRICE PER UNIT Market pricing, based on the estimated price movement of every market-rate property in the metro, currently sits near$99,000/door. That figure is up over this time last year, and the price is a large discount to the overall multifamily average for the country. In fact, the multifamily market price in Beaumont is more than 50% below the average for the entire United States.The market cap rate has held firm, and it remains structurally higher than those seen across the United States on average. Sales MARKET CAP RATE 7.5% Forecast 7.0% 5.5% 5.0°/0 4.5% 4.0% I , II II . , , I , . ; Iii ; I „ IIiits II iI 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 ■ Beaumont 3 Star ■ Beaumont 4-5 Star I Beaumont United States Sales Past 12 Months Sale Comparables Avg. Price/Unit(thous.) Average Price(mil.) Average Vacancy at Sale Sales Low Average Median High Attributes Sale $1,060,000 $16,801,298 $12,400,000 $38,839,504 Price Price/Un $53,000 $131,260 $118,505 $157,884 it Cap 6.4% 8.4% 7.2% 11.6% Rate Vacancy 0% 10.2% 8.3% 100% Rate At Sale Time 0.4 6.2 6.8 11.9 Since Sale in Months Property Low Average Median High Attributes Property 8 92 73 265 Size in Units Number 2 2 2 3 of Floors Average 546 841 828 1,224 Unit SF Year 1958 1978 1968 2010 Built y, y, y, 1 Star 7� 7 f 7f * 7� Rating 2.7 10/19/2022 Page 99 Sales Past 12 Months RECENT SIGNIFICANT SALES Property Information Sale Information Property Name/Address Rating Yr Built Units Vacancy Sale Date Price Price/Unit Price/SF Stone Creek Port Arthur 3035 Lake Arthur Dr 2010 246 4.5% 6/23/2022 $38,839,504 $157,884 $165 Breakwater Bay 4375 N Major Dr 2004 176 9.1% 9/16/2022 $20,856,984 $118,505 $76 The Edge 5230 S Martin Luther King Pky 2006 96 8.3% 3/7/2022 $12,400,000 $129,166 $106 Lumberton on the Lake 187 S Lhs Dr 2005 102 0% 4/27/2022 $10,850,000 $106,372 $77 Sweetqum Apartments 2655 Sweetgum Ln 1962 20 10.0% 12/14/2021 $1,060,000 $53,000 $53 Autumn Oaks 3190 Eastex Fwy 1982 152 8.6% 1/21/2022 - - Jefferson House Apartments 2450 W Lucas Dr 1968 42 0% 3/25/2022 - - Beaumont Heights 6550 Phelan Dr 1967 265 5.7% 10/22/2021 - Hacienda Apartments 1145 Oregon Ave 1963 179 1.7% 1/17/2022 - - - Hacienda Apartments 1145 Oregon Ave 1963 179 1.7% 8/31/2022 - - - Port Arthur Park Apartments 1348 Jefferson Dr 1959 186 51.1% 10/6/2022 itTropicana Apartments 5035 Monroe St 1965 86 4.7% 7/5/2022 - - - Royal Neches 2345 Nall St 1963 73 5.5% 7/26/2022 - - - 2516 Smart St 1980 8 100% 1/1/2022 Parkway Terrace 1750 N Pine St 1983 12 0% 11/16/2021 1pSeventy 50 West End 7050 Tx-105 1998 52 13.5% 3/25/2022 Dana Townhomes tt 202 Dana St 1996 23 13.0% 4/22/2022 - - - 893 Campus St 1968 10 10.0% 6/22/2022 2575 Primrose St ip 1962 12 8.3% 2/23/2022 2575 Primrose St 1962 12 8.3% 3/15/2022 Beaumont still has a ways to go to recover the jobs lost amid the pandemic. As of the latest jobs report for July, the metro is still down about 9,000 jobs relative to February 2020.There is a heavy presence of energyrelated employers in this area, and Beaumont's recovery could lag the national average. Energy and mining-related companies, including both upstream and downstream firms, account for the largest cluster in Beaumont-Port Arthur, employing around 15%of the workforce. Major employers include Exxon Mobil in Beaumont(2,000 workers)and Motiva Enterprises and Valero in Port Arthur (1,500 and 850, respectively). The BEAUMONT EMPLOYMENT BY INDUSTRY IN THOUSANDS Motiva facility processes over 600,000 barrels of oil per day, making it the largest refinery in North America. Texas has 29 official ports of entry that serve as key gateways to global trade. Each port plays a unique role in the state's transportation network and contributes to the state and local economies. A substantial element of the city and surrounding region's economy is the Port of Beaumont, one of the nation's largest ports when measured by tonnage. It is also home to one of the largest military seaports in the world. With neighboring Port Arthur and Orange, Beaumont forms the Golden Triangle, a major industrial hub on the Gulf Coast. CURRENT CURRENT GROWTH 10 YR HISTORICAL 5 YR FORECAST JOBS Industry Jobs LQ Market US Market US Market US Manufacturing 21 1.5 9.19% 3.57% - 0.72% 3.13% 0.15% 0.64% Trade,Transportation and Utilities 31 1.0 4.45% 3.45% 0.17% 1.26% 0.41% 0.12% Retail Trade 20 1.2 4.73% 2.48% - 0.66% 0.19% 0.08% 0.01% Financial Activities 6 0.6 1.72% 2.13% 0.28% 1.43% - 0.25% 0.36% Government 25 1.1 -0.96% 0.64% - 0.15% 0.21% 0.55% 0.31% Natural Resources,Mining and 18 2.1 14.30% 4.36% - 2.53% 3.77% 0.41% Construction 0.34% Education and Health Services 22 0.9 4.27% 3.35% - 1.66% - 0.69% 0.07% 0.19% Professional and Business Services 15 0.6 3.55% 4.91% 0.61% 2.19% 0.20% 0.49% Information 1 0.3 5.24% 5.75% - 1.27% 0.08% 0.41% 4.28% Leisure and Hospitality 16 1.0 4.12% 8.66% 0.90% 1.34% 0.52% 1.30% Other Services 6 1.0 8.69% 3.54% - 0.49% 0.99% 0.51% 0.71% Total Employment 160 1.0 5.09% 3.77% -0.06% 1.29% 1.05% 0.50% Source:Oxford Economics LQ=Location Quotient JOB GROWTH(YOY) 10% Forecast 8% 6% 4% 2% 1r -2% I&#y -4 I. % -6% -8% -10% -12% -14% { { : { -{ " { : . { _ �ti ) ,, ! { 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 ■ Beaumont ■ United States NET EMPLOYMENT CHANGE(YOY) 10K Forecast 5K -5K -10K -15K -20K , t t ) _ � . 1 , , { , . _ : } t , { I ) r 16 17 18 19 20 21 22 23 24 25 26 POPULATION GROWTH(YOY%) 0.8% _� Forecast 0.6% 0.4% 0.2% 0.0% -0.2% -0.4% -0.6% rilry -0.8% -1.0% -1.2% -1.4% j ' ' , I ' } , + I 16 17 18 19 20 21 22 23 24 25 26 Beaumont ■ United States DEMOGRAPHIC TRENDS Current Level 12 Month Change 10 Year Change 5 Year Forecast Demographic Category Metro US Metro US Metro US Metro US Population 407,763 332,655,406 0% 0.2% 0% 0.6% 0.1% 0.5% Households 142,543 124,172,773 0% 0.2% -0.6% 0.7% 0.1% 0.5% Median Household $65,642 $75,072 9.8% 8.9% 4.3% 4.0% 4.5% 3.2% Income Labor Force 164,421 164,658,375 -0.2% 1.9% -1.0% 0.6% 1.1% 0.5% Unemployment 6.8% 3.6% -2.0% -1.3% -0.4% -0.4% - - Source:Oxford Economics Submarkets BEAUMONT SUBMARKETS . B Cale Deweyville H II • d`n Hull Daisetta 4 Harkare- r Monte Monroe City Stowel "Anahuac 41 Ole Bayou Submarkets SUBMARKET INVENTORY Inventory 12 Month Deliveries Under Construction No Submarket Bldgs Units %Market Rank Bldgs Units Percent Rank Bldgs Units Percent Rank 1 Central/South Beaumont 58 2.056 11.5% 3 0 0 0% - 0 0 0% - 2 Hardin County 18 1,082 6.0% 6 1 84 7.8% 3 0 0 0% - 3 Nederland/Port Neches 23 1,494 8.3% 5 2 167 11.2% 2 0 0 0% - 4 North/West Beaumont 88 7,912 44.1% 1 4 547 6.9% 1 0 0 0% - 5 Orange County 28 1,956 10.9% 4 0 0 0% - 0 0 0% - 6 Port Arthur/Groves 26 3,426 19.1% 2 0 0 0% - 0 0 0% - SUBMARKET RENT Asking Rents Effective Rents No. Market Per Per Rank Yr. Per Per Rank Yr. Concession Rank Unit SF Growth Unit SF Growth 1 Central/South $866 $1.05 4 7.1% $861 $1.04 4 7.0% 0.6% 6 Beaumont 2 Hardin County $835 $0.98 5 4.2% $829 $0.98 5 3.9% 0.7% 3 3 Nederland/Port $976 $1.13 3 3.7% $970 $1.12 3 3.4% 0.6% 5 Neches 4 North/West Beaumont $992 $1.15 2 1.4% $980 $1.14 2 0.7% 1.2% 1 5 Orange County $844 $0.92 6 1.2% $834 $0.91 6 0.6% 1.1% 2 6 Port Arthur/Groves $991 $1.19 1 2.8% $984 $1.18 1 2.7% 0.6% 4 SUBMARKET VACANCY&ABSORPTION Vacancy 12 Month Absorption No. Submarket Units Percent Rank Units %of Inv Rank Construc.Ratio 1 CentraliSouth Beaumont 199 9.7% 3 (38) -1.9% 4 - 2 Hardin County 82 7.5% 2 85 7.8% 3 1.0 3 Nederland/Port Neches 74 4.9% 1 145 9.7% 2 1.2 4 North/West Beaumont 967 12.2% 5 279 3.5% 1 1.3 5 Orange County 388 19.8% 6 (116) -5.9% 6 - 6 Port ArthuriGroves 405 11.8% 4 (76) -2.2% 5 - OVERALL SUPPLY&DEMAND Inventory Absorption Year Units Growth %Growth Units %of Inv Construction Ratio 2026 18,202 151 0.8% 30 0.2% 5.0 2025 18,051 115 0.6% 10 0.1% 11.5 2024 17,936 14 0.1% 46 0.3% 0.3 2023 17,922 (4) 0% 146 0.8% 0 2022 17,926 623 3.6% 338 1.9% 1.8 YTD 17,926 623 3.6% 292 1.6% 2.1 2021 17,303 220 1.3% 276 1.6% 0.8 2020 17,083 286 1.7% 327 1.9% 0.9 2019 16,797 0 0% 135 0.8% 0 2018 16,797 0 0% 102 0.6% 0 2017 16,797 0 0% (619) -3.7% 0 2016 16,797 0 0% (70) -0.4% 0 2015 16,797 48 0.3% 83 0.5% 0.6 2014 16,749 8 0% 430 2.6% 0 2013 16,741 0 0% (263) -1.6% 0 2012 16,741 196 1.2% 122 0.7% 1.6 2011 16,545 204 1.2% 310 1.9% 0.7 2010 16,341 1,621 11.0% 1,381 8.5% 1.2 4&5 STAR SUPPLY&DEMAND Inventory Absorption Year Units Growth %Growth Units %of Inv Construction Ratio 2026 3,193 132 4.3% 79 2.5% 1.7 2025 3,061 102 3.4% 38 1.2% 2.7 2024 2,959 16 0.5% 11 0.4% 1.5 2023 2,943 0 0% 15 0.5% 0 2022 2,943 157 5.6% 111 3.8% 1.4 YTD 2,943 157 5.6% 114 3.9% 1.4 2021 2,786 0 0% 41 1.5% 0 2020 2,786 96 3.6% 88 3.2% 1.1 2019 2,690 0 0% 136 5.1% 0 2018 2,690 0 0% (78) -2.9% 0 2017 2,690 0 0% (58) -2.2% 0 2016 2,690 0 0% (60) -2.2% 0 2015 2,690 80 3.1% 65 2.4% 1.2 2014 2,610 0 0% 117 4.5% 0 2013 2,610 0 0% 19 0.7% 0 2012 2,610 0 0% 56 2.1% 0 2011 2,610 0 0% 161 6.2% 0 2010 2,610 1,426 120.4% 1,213 46.5% 1.2 3 STAR SUPPLY&DEMAND Inventory Absorption Year Units Growth %Growth Units %of Inv Construction Ratio 2026 8,104 23 0.3% (16) -0.2% - 2025 8,081 18 0.2% (9) -0.1% - 2024 8,063 2 0% 23 0.3% 0.1 2023 8,061 0 0% 104 1.3% 0 2022 8,061 466 6.1% 326 4.0% 1.4 YTD 8,061 466 6.1% 271 3.4% 1.7 2021 7,595 220 3.0% 262 3.4% 0.8 2020 7,375 190 2.6% 41 0.6% 4.6 2019 7,185 0 0% (56) -0.8% 0 2018 7,185 0 0% 35 0.5% 0 2017 7,185 0 0% (99) -1.4% 0 2016 7,185 0 0% (38) -0.5% 0 2015 7,185 0 0% 47 0.7% 0 2014 7,185 0 0% 211 2.9% 0 2013 7,185 0 0% (212) -3.0% 0 2012 7,185 196 2.8% 117 1.6% 1.7 2011 6,989 204 3.0% 154 2.2% 1.3 2010 6,785 176 2.7% 112 1.7% 1.6 1 &2 STAR SUPPLY&DEMAND Inventory Absorption Year Units Growth %Growth Units %of Inv Construction Ratio 2026 6,905 (4) -0.1% (33) -0.5% 0.1 2025 6,909 (5) -0.1% (19) -0.3% 0.3 2024 6,914 (4) -0.1% 12 0.2% - 2023 6,918 (4) -0.1% 27 0.4% - 2022 6,922 0 0% (99) -1.4% 0 YTD 6,922 0 0% (93) -1.3% 0 2021 6,922 0 0% (27) -0.4% 0 2020 6,922 0 0% 198 2.9% 0 2019 6,922 0 0% 55 0.8% 0 2018 6,922 0 0% 145 2.1% 0 2017 6,922 0 0% (462) -6.7% 0 2016 6,922 0 0% 28 0.4% 0 2015 6,922 (32) -0.5% (29) -0.4% 1.1 2014 6,954 8 0.1% 102 1.5% 0.1 2013 6,946 0 0% (70) -1.0% 0 2012 6,946 0 0% (51) -0.7% 0 2011 6,946 0 0% (5) -0.1% 0 2010 6,946 19 0.3% 56 0.8% 0.3 OVERALL VACANCY&RENT Vacancy Market Rent Effective Rents Year Units Percent Ppts Chg Per Unit Per SF %Growth Ppts Chg Units Per SF 2026 2,101 11.5% 0.6 $1,042 $1.23 1.9% (0.5) $1,033 $1.21 2025 1,980 11.0% 0.5 $1,023 $1.20 2.4% 0.5 $1,014 $1.19 2024 1,883 10.5% (0.2) $1,000 $1.17 1.9% (1.2) $990 $1.16 2023 1,916 10.7% (0.8) $981 $1.15 3.0% 0.8 $972 $1.14 2022 2,067 11.5% 1.2 $952 $1.12 2.3% (2.1) $943 $1.11 YTD 2,114 11.8% 1.5 $951 $1.11 2.5% (1.9) $942 $1.10 2021 1,781 10.3% (0.5) $931 $1.09 4.4% 4.3 $925 $1.08 2020 1,837 10.8% (0.4) $892 $1.04 0.1% (2.9) $881 $1.03 2019 1,879 11.2% (0.8) $891 $1.04 2.9% 1.4 $884 $1.03 2018 2,016 12.0% (0.6) $866 $1.01 1.6% (2.7) $854 $0.99 2017 2,118 12.6% 3.7 $852 $0.99 4.3% 1.7 $844 $0.98 2016 1,497 8.9% 0.4 $818 $0.95 2.6% 0.3 $800 $0.93 2015 1,428 8.5% (0.2) $797 $0.93 2.3% 0.7 $780 $0.91 2014 1,464 8.7% (2.5) $780 $0.91 1.6% 0.1 $764 $0.89 2013 1,887 11.3% 1.6 $767 $0.89 1.5% 0.6 $753 $0.88 2012 1,626 9.7% 0.3 $756 $0.88 0.9% 0.4 $744 $0.87 2011 1,551 9.4% (0.8) $749 $0.87 0.5% 0.7 $744 $0.87 2010 1,657 10.1% 0.5 $745 $0.87 -0.2% - $737 $0.86 4&5 STAR VACANCY&RENT Vacancy Market Rent Effective Rents Year Units Percent Ppts Chg Per Unit Per SF %Growth Ppts Chg Units Per SF 2026 304 9.5% 1.3 $1,254 $1.41 1.8% (0.7) $1,246 $1.40 2025 251 8.2% 1.9 $1,232 $1.38 2.5% 0.3 $1,224 $1.37 2024 187 6.3% 0.1 $1,202 $1.35 2.2% (1.2) $1,194 $1.34 2023 183 6.2% (0.5) $1,177 $1.32 3.4% 4.1 $1,169 $1.31 2022 198 6.7% 1.3 $1,138 $1.28 -0.7% (7.9) $1,130 $1.27 YTD 195 6.6% 1.2 $1,154 $1.29 -1.1% (8.3) $1,146 $1.28 2021 152 5.4% (1.5) $1,146 $1.28 7.2% 11.4 $1,144 $1.28 2020 193 6.9% 0 $1,069 $1.20 -4.3% (8.0) $1,055 $1.18 2019 186 6.9% (5.1) $1,117 $1.25 3.7% 6.6 $1,116 $1.25 2018 322 12.0% 2.9 $1,078 $1.21 -2.9% (9.0) $1,057 $1.19 2017 243 9.0% 2.1 $1,110 $1.24 6.0% 3.0 $1,098 $1.23 2016 185 6.9% 2.2 $1,047 $1.17 3.0% 2.9 $1,014 $1.14 2015 125 4.7% 0.5 $1,017 $1.14 0.1% (1.3) $978 $1.10 2014 110 4.2% (4.5) $1,015 $1.14 1.4% (1.6) $986 $1.10 2013 226 8.7% (0.7) $1,002 $1.12 2.9% 3.2 $982 $1.10 2012 246 9.4% (2.1) $973 $1.09 -0.2% (1.0) $951 $1.07 2011 301 11.5% (6.2) $975 $1.09 0.7% 2.0 $966 $1.08 2010 463 17.7% (3.4) $968 $1.09 -1.3% - $945 $1.06 3 STAR VACANCY&RENT Vacancy Market Rent Effective Rents Year Units Percent Ppts Chg Per Unit Per SF %Growth Ppts Chg Units Per SF 2026 1,069 13.2% 0.4 $1,059 $1.24 1.8% (0.5) $1,045 $1.23 2025 1,031 12.8% 0.2 $1,040 $1.22 2.3% 0.6 $1,026 $1.20 2024 1,012 12.5% (0.3) $1,016 $1.19 1.8% (1.2) $1,003 $1.18 2023 1,033 12.8% (1.3) $998 $1.17 2.9% 0 $986 $1.16 2022 1,138 14.1% 1.0 $970 $1.14 2.9% (1.2) $958 $1.12 YTD 1,193 14.8% 1.7 $966 $1.13 3.7% (0.5) $954 $1.12 2021 998 13.1% (1.0) $943 $1.11 4.1% 3.8 $935 $1.10 2020 1,040 14.1% 1.7 $905 $1.06 0.3% (2.6) $891 $1.05 2019 891 12.4% 0.8 $902 $1.06 3.0% 0.3 $892 $1.05 2018 836 11.6% (0.5) $876 $1.03 2.7% (0.8) $866 $1.02 2017 871 12.1% 1.4 $854 $1 3.5% 1.8 $845 $0.99 2016 772 10.7% 0.5 $825 $0.97 1.7% (0.8) $808 $0.95 2015 734 10.2% (0.7) $811 $0.95 2.5% 0.6 $797 $0.94 2014 781 10.9% (2.9) $791 $0.93 1.9% 0.8 $776 $0.91 2013 993 13.8% 2.9 $777 $0.91 1.1% 0 $758 $0.89 2012 781 10.9% 0.8 $768 $0.90 1.1% 0.9 $756 $0.89 2011 702 10.0% 0.4 $760 $0.89 0.2% 0.1 $754 $0.88 2010 652 9.6% 0.7 $758 $0.89 0.1% - $753 $0.88 1 &2 STAR VACANCY&RENT Vacancy Market Rent Effective Rents Year Units Percent Ppts Chg Per Unit Per SF %Growth Ppts Chg Units Per SF 2026 727 10.5% 0.4 $916 $1.10 1.9% (0.5) $910 $1.10 2025 698 10.1% 0.2 $898 $1.08 2.4% 0.6 $893 $1.08 2024 684 9.9% (0.2) $877 $1.06 1.8% (1.2) $872 $1.05 2023 700 10.1% (0.4) $862 $1.04 3.0% (0.3) $856 $1.03 2022 731 10.6% 1.4 $837 $1.01 3.3% 0.4 $831 $1 YTD 726 10.5% 1.4 $831 $0.98 3.1% 0.2 $825 $0.97 2021 632 9.1% 0.4 $810 $0.95 2.9% 0 $801 $0.94 2020 604 8.7% (2.9) $787 $0.92 2.9% 0.5 $783 $0.92 2019 802 11.6% (0.8) $765 $0.90 2.4% (1.0) $758 $0.89 2018 858 12.4% (2.1) $747 $0.87 3.4% (0.7) $737 $0.86 2017 1,003 14.5% 6.7 $722 $0.85 4.1% 0.5 $715 $0.84 2016 540 7.8% (0.4) $694 $0.81 3.6% 0 $683 $0.80 2015 569 8.2% 0 $670 $0.78 3.6% 2.3 $660 $0.77 2014 573 8.2% (1.4) $647 $0.76 1.3% 0.2 $638 $0.75 2013 669 9.6% 1.0 $638 $0.75 1.0% (0.4) $633 $0.74 2012 599 8.6% 0.7 $632 $0.74 1.4% 0.5 $625 $0.73 2011 548 7.9% ' 0.1 $623 $0.73 0.9% 0.8 $619 $0.73 2010 543 7.8% (0.6) $617 $0.72 0.1% - $613 $0.72 OVERALL SALES Completed Transactions(1) Market Pricing Trends(2) Year Deals Volume Turnover Avg Price Avg Price/Unit Avg Cap Rate Price/Unit Price Index Cap Rate 2026 - - - - - - $105,714 271 6.3% 2025 - - - - - - $103,648 266 6.3% 2024 - - - - - - $101,164 260 6.3% 2023 - - - - - - $99,125 254 6.3% 2022 - - - - - - $98,461 253 6.2% YTD 18 $82.9M 9.2% $20,736,622 $133,785 8.4% $98,622 253 6.1% 2021 26 $7.2M 13.3% $1,810,000 $42,840 7.3% $94,755 243 6.2% 2020 22 $138.3M 10.4% $27,660,597 $115,252 11.8% $88,491 227 6.2% 2019 23 $4.5M 7.4% $2,225,000 $41,204 10.0% $75,651 194 6.7% 2018 16 $33.6M 8.7% $4,806,524 $53,576 8.1% $70,021 180 7.0% 2017 13 $40.9M 5.4% $10,217,500 $71,954 7.0% $68,463 176 7.0% 2016 16 $47.7M 9.8% $7,957,167 $76,511 7.1% $66,171 170 7.1% 2015 18 $48.8M 8.9% $24,375,000 $94,112 7.5% $64,624 166 7.1% 2014 15 $26.7M 12.5% $26,650,000 $71,640 7.3% $60,500 155 7.2% 2013 6 $650K 1.3% $325,000 $40,625 9.2% $55,303 142 7.6% 2012 13 $11.9M 7.9% $3,974,583 $38,588 9.3% $54,916 141 7.5% 2011 8 $49.6M 4.5% $9,912,071 $68,548 8.2% $52,623 135 7.5% 1. Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in the period. 2. Market price trends data is based on the estimated price movement of all properties in the market,informed by actual transactions that have occurred. 4&5 STAR SALES Completed Transactions(1) Market Pricing Trends(2) Year Deals Volume Turnover Avg Price Avg Price/Unit Avg Cap Rate Price/Unit Price Index Cap Rate 2026 - - - - - - $141,502 261 5.9% 2025 - - - - - - $138,876 257 5.9% 2024 - - - - - - $135,490 250 5.9% 2023 - - - - - - $132,429 245 6.0% 2022 - - - - - - $131,269 242 5.9% YTD 1 $38.8M 8.4% $38,839,504 $157,884 - $132,669 245 5.8% 2021 1 $0 13.4% - - - $130,481 241 5.7% 2020 2 $88M 23.8% $44,000,000 $132,530 6.3% $121,737 225 5.8% 2019 - - - - - - $99,242 183 6.4% 2018 2 $0 18.7% - - - $92,732 171 6.6% 2017 1 $14.2M 7.1% $14,200,000 $73,958 - $93,053 172 6.6% 2016 2 $36.5M 24.1% $36,450,000 $101,250 6.0% $91,668 169 6.5% 2015 2 $48.8M 19.3% $24,375,000 $94,112 6.5% $90,691 168 6.5% 2014 3 $26.7M 25.3% $26,650,000 $71,640 6.6% $85,398 158 6.6% 2013 1 $0 4.9% - - - $78,278 145 6.9% 2012 - - - - - - $77,764 144 6.8% 2011 2 $40.6M 17.8% $20,321,429 $87,592 7.0% $74,801 138 6.9% 1. Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in the period. 2. Market price trends data is based on the estimated price movement of all properties in the market,informed by actual transactions that have occurred. 3 STAR SALES Completed Transactions(1) Market Pricing Trends(2) Year Deals Volume Turnover Avg Price Avg Price/Unit Avg Cap Rate Price/Unit Price Index Cap Rate 2026 - - - - - - $108,233 266 6.3% 2025 - - - - - - $106,112 260 6.3% 2024 - - - - - - $103,601 254 6.3% 2023 - - - - - - $101,600 249 6.3% 2022 - - - - - - $100,975 248 6.2% YTD 13 $44.1M 16.4% $14,702,328 $117,933 8.4% $100,958 248 6.1% 2021 10 $5.1M 14.5% $5,100,000 $42,500 6.0% $97,235 239 6.1% 2020 4 $50.3M 8.6% $16,767,662 $93,849 - $90,773 223 6.2% 2019 5 $2.2M 7.3% $2,150,000 $53,750 9.8% $78,695 193 6.7% 2018 6 $13.4M 6.9% $6,692,691 $70,822 5.5% $72,933 179 7.0% 2017 3 $26.3M 6.0% $13,125,000 $72,917 7.0% $70,766 174 7.0% 2016 7 $3.2M 8.3% $1,073,333 $31,262 7.6% $68,032 167 7.1% 2015 5 $0 7.8% - - 8.0% $66,809 164 7.0% 2014 4 $0 6.9% - - 8.0% $62,743 154 7.2% 2013 - - - - - - $57,572 141 7.5% 2012 5 $10.7M 12.2% $10,700,000 $46,121 7.5% $57,154 140 7.4% 2011 - - - - - - $54,729 134 7.5% 1. Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in the period. 2. Market price trends data is based on the estimated price movement of all properties in the market,informed by actual transactions that have occurred. 1 &2 STAR SALES Completed Transactions(1) Market Pricing Trends(2) Year Deals Volume Turnover Avg Price Avg Price/Unit Avg Cap Rate Price/Unit Price Index Cap Rate 202 - - - - - - $87,547 288 6.4% 6 202 - - - - - - $85,782 282 6.4% 5 202 - - - - - - $83,714 275 6.4% 4 202 - - - - - - $82,064 270 6.4% 3 202 - - - - - - $81,566 268 6.3% 2 YTD 4 $0 1.1% - - - $81,409 267 6.3% 202 15 $2.1M 11.9% $713,333 $43,673 7.6% $76,659 252 6.4% 1 202 16 $0 6.8% - - 13.7% $71,683 235 6.4% 0 201 18 $2.3M 10.3% $2,300,000 $33,824 10.3% $62,063 204 6.9% 9 201 8 $20.3M 6.8% $4,052,057 $46,151 8.7% $56,961 187 7.2% 8 201 9 $420K 4.2% $420,000 $26,250 - $55,313 182 7.2% 7 201 7 $8.1M 5.7% $4,036,500 $50,143 7.0% $53,150 175 7.3% 6 201 11 $0 6.0% - - 8.0% $50,982 167 7.3% 5 201 8 $0 13.6% - - - $47,290 155 7.5% 4 201 5 $650K 1.2% $325,000 $40,625 9.2% $42,881 141 7.9% 3 201 8 $1.2M 6.5% $611,875 $15,893 11.0% $42,583 140 7.8% 2 201 6 $8.9M 4.1% $2,972,500 $34,431 8.9% $40,730 134 7.9% 1 1. Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in the period. 2. Market price trends data is based on the estimated price movement of all properties in the market,informed by actual transactions that have occurred. DELIVERIES&UNDER CONSTRUCTION Inventory Deliveries Net Deliveries Under Construction Year Bldgs Units Vacancy Bldgs Units Bldgs Units Bldgs Units 2026 - 18,204 11.5% - 161 - 151 - - 2025 - 18,053 11.0% - 116 - 115 - - 2024 - 17,938 10.5% - 15 - 15 - - 2023 - 17,923 10.7% - 0 - (3) - - 2022 - 17,926 11.5% - 623 - 623 - - YTD 241 17,926 11.8% 5 623 5 623 0 0 2021 236 17,303 10.3% 2 220 2 220 5 623 2020 234 17,083 10.8% 2 286 2 286 5 602 2019 232 16,797 11.2% 0 0 0 0 3 296 2018 232 16,797 12.0% 0 0 0 0 3 296 2017 232 16,797 12.6% 0 0 0 0 0 0 2016 232 16,797 8.9% 0 0 0 0 0 0 2015 232 16,797 8.5% 1 80 0 48 0 0 2014 232 16,749 8.7% 1 8 1 8 1 80 2013 231 16,741 11.3% 0 0 0 0 1 8 2012 231 16,741 9.7% 1 196 1 196 0 0 2011 230 16,545 9.4% 2 204 2 204 1 196 2010 228 16,341 10.1% 8 1,621 8 1,621 2 204 iiiiiimaar and Financing DEVELOPER'S LAND ACQUISITION & PROJECT FUNDING Developer proposes to acquire the Land for the fair market value of $916,000.00. Developer plans to fund its acquisition of the Land, as well as infrastructure costs and other critical development costs, through a combination of developer cash, private financing, tax increment financing, development incentives, and public grants, subject to negotiation with the City of Port Arthur and the Port Arthur Economic Development Corporation. iiiimaik rences 1 NIJFUAL It comes with great pleasure to have the opportunity of writing this recommendation. I have been practicing insurance for over 10 years and throughout my career you form close relationships with clients who are professional and easy to work with. Selim Kiralp happens to be one of those clients. He conducts business at a very high standard of ethics and integrity. His ability to understand insurance losses and how it affects the macro and micro makes it incredibly easy to do business with him. Selim runs multiple businesses that I have insured in the past and I can confidently say he has a keen ability to mitigate and manage risk. I truly believe that he will continue to succeed in his future business endeavors and have no doubt that anyone who knows him feels the same way. Best Regards, Edward Vazquez Owner of Main Mutual Insurance rences RE/MAX COMMERCIAL Hello My name is Bilal Asmar and i am the#1 Commercial Real Estate agent for RE/MAX in Texas I have known and have been representing Selim Kiralp in all of his Real Estate transactions for the last 6 years and they have at been profitable He is a man of honesty and Integnty and always stands by his word and promises.He is one of the most professional and organized clients I have had to date.Whatever he envisions he works hard at to make it a reality.He is a very charismatic person and loves socializing with people. He is very likable due to his friendly sincerity He is a treasure of knowledge when it comes to Real Estate investing, and even if you are a professional in your field you can always team something from him. I have had the honor of staying at one of his Hotels in Istanbul,Turkey and got to see all of his previous projects in Turkey Based on what I have seen.I can tell you everything Selirn Kiralp touches turns to sold Sincerely. Bilel W Asmar RE/MAXTown &Country 301 s'Watters Rd Suite 100.Allen TX 75013 ti,AB rences 3 Letter of Recommendation KEYSTONE MORTGAGE I NMLS#139356 Mike Johnson Branch Manager#139356 2530 Eldorado Pkwy,suite 120 Cell: 469-337-5728 Fax: 877-257-1216 Email: mike@mykeystoneloan.com Branch Manag#139356 2530 Eldorado Pkwy,Suite 120 McKinney,TX 75070 Cell:469-337-5728 Fax : 877-257-1216 mike@mykeystoneloan.com It is my great pleasure to personally recommend Mr. Kiralp at Selim Kiralp LLC. I did not know it at the time but meeting Mr. Kiralp,in late 2016 was a career changing stroke of luck. Since then I have had the wonderful opportunity to work closely with him on numerous occasions. Through many financial transactions I have come to know Mr. Kiralp and his network very well. Financial transactions both commercial and residential can be complex and challenging. Mr. Kiralp has consistently overcome obstacles and challenges with integrity and a tenacity to succeed. Mr.Kiralps strife to ensure excellence with all parties'best interests in mind has been astonishing. I have witnessed his leadership,integrity,and compassion,time and time again. I cannot fully express how thankful I am to have had the opportunity to work with Mr. Kiralp and his alliance of partners. My recommendation of Mr.Kiralp to any consideration is not just for his personal gain or opportunity,but also that one may understand the valuable relationship and or opportunity before them with Selim Kiralp LLC. Sincerely, ifl/te Jo4t oa WA L L I S BA N K . 0 713.580.9900, F 713.827.8479 Personalized service since 1906 2929 W Sam Houston Pkwy N.Ste 300 Houston,TX 77043 wallisbank.com Date: 10/26/2002 To whom it may concern, I am Burak Berilgen, Senior Vice President of Wallis Bank and affirm and certify that Mr. Kiralp at Selim Kiralp LLC, has been engaged in banking activities and transactions with our bank since 2019. Over this period, Mr. Kiralp has been one of our valued and highly regarded clients. As an accomplished developer, Mr. Kiralp is of considerable net worth and an established businessman where the Bank is supportive of his projects in general. Yours faithfully, 1 Burak Berilgen Senior Vice President rences INDEPENDENT 4 ■F� '� r A 10/21/2022 RE: Real Estate purchase pre-qualification for Mr. Selim Kiralp To whom it may concern: Mr. Selim Kiralp is a deposit and loan customer at Independent Financial where we maintain his business and personal accounts.All accounts are in good standing. Recently Mr. Selim Kiralp told us his plans and intentions of investing in Real Estate properties in Port Arthur,Texas. Knowing his financial and operational capabilities and abilities respectively,we have indicated to Mr. Selim Kiralp that we would consider financing these investments. However, this is not a commitment for a loan and the final approval will be subject to completion of required financial and legal due diligence to Independent Financial satisfaction, inspection and appraisal of the property and compliance with the underwriting requirements of Independent Financial. This letter is not a commitment or approval for a loan. Please call me at 713-600-8982 or email me at toe.berilgen(aU,ifinaneial.com if you have any questions. Thank you, //C/--> Joe Berilgen Senior Vice President 750 Bering Drive, Suite 100 Houston, Texas 77057 ! 713.600.8982 iiendices A • APPENDIX A INVITATION TO BID CITY OF PORT ARTHUR,TEXAS BID SHEET BID FOR: PURCHASE AND DEVELOPMENT OF 35.24 ACRES OF LAND LOCATED ON PLEASURE ISLAND BID DUE DATE:OCTOBER 26,2022 DESCRIPTION TOTAL PURCHASE PRICE PURCHASE AND DEVELOPMENT OF 35.24 ACRES OF LAND LOCATED ON PLEASURE ISLAND $ v6, 000 .0. Se p N 14,rd iN E STREET p a. SOEOT A3RE5St Cf40863 SI NATURE OF BIDDER P.O.BOX Set', g. k;ra l p Pa„0 'YX PRINT OR TYPE NAME I CITY STATE ZIP 44aAa c— 469 g4 5( L TITLE V AREA CODE TELEPHONE N Se Pr." Lira J re L rot If .carte EMAIL FAX NO. Page 24 of 31 • • --endices B APPENDIX B LETTER OF INTEREST RFP—Purchase&Development of 35.24 Acres of Land on Pleasure Island Deadline:October 26,2022 The undersigned firm submits the following information (this RFP submittal) in response to the Request for Proposals(as amended by any Addenda),issued by the City of Port Arthur,TX(City) for PURCHASE AND DEVELOPMENT OF 35.24 ACRES OF LAND LOCATED ON PLEASURE ISLAND Enclosed,and by this reference incorporated herein and made a part of this RFP,are the following: • Bid Sheet • Completed RFP Letter of interest Form • Completed Affidavit • Completed Conflict of Interest Form • Non Collusion Affidavit • SB 252 • House Bill 89 Firm understands that the City is not bound to select any firm for the final pre-qualified list and may reject any responses submitted. Firm also understands that all costs and expenses incurred by it in preparing this RFP and participating in this process will be borne solely by the firm,and that the required materials to be submitted will become the property of the City and will not be returned. Firm agrees that the City will not be responsible for any errors, omissions, inaccuracies, or incomplete statements in this RFP. Firm accepts all terms of the RFP submittal process by signing this letter of interest and making the RFP submittal. This RFP shall be governed by and construed in all respects according to the laws of the State of Texas. .Setif. kc LL_L- 10 2o22 Firm Nam Date LC, acjeAL5 e 1— rized Signature Title Sep,' 2 . ez -- o c(1 Name(please print) Telephone SeJ,'N,Lira (r4 Set tv,L:fa , c_on,‘. Email Page 25 of 31 • TAB C�+r case ' �® APPENDIX C AFFIDAVIT All pages in Offeror's Responses containing statements, letters. etc., shall be signed by a duly authorized officer of the company whose signature is binding. The uu dersigned offers and agrees to one of the following: V I hereby certify that I do not have outstanding debts with the City of Port Arthur. I further agree to pay succeeding debts as they become due. I hereby certify that I do have outstanding debts with the City of Port Arthur and agree to pay said debts prior to execution of this agreement. I further agree to pay succeeding debts as they become due. I hereby certify that I do have outstanding debts with the City of Port Arthur and agree to enter into an agreement for the payment of said debts. I further agree to pay succeeding debts as they become due. SeAI • )4i I e /-1.—C-- to /2 b / o _ Firm Nam Date (1442A4DP i--- rized ignature Title Sg.11 c?. 141'rair 4- )9- '4-4-- oStLI. Name(please print) I Telephone .5�2(i',.w Lira (f ° ' -'' Ur'a 1 r • co r••• Email STATE: —17eVal" COUNTY: (Jeff-won SUBSCRIBED AND SWORN to before me by the above named A,I rn V I.r1 1 p `i`‘okii ii010,this the �}4la day of Q Offka ,20 e• , I-- •.•O�pRY PUA.9�'9�,�' 7‘)V&cjj(iair ' '•° — ary ublie zos.� /\ : * 0Z 9,9&'oFIE�Pp. c RETURN THIS AFFIDAVIT AS PART OF THE BID PROPOSAL 'i 0�•'?l p 130g0-' n, :% ��e/, E" p. 0b,,\```�� Page 26 of 31 TAB: -'endices D CONFLICT OF INTEREST QUESTIONNAIRE FORM CIQ For vendor doing business with local governmental entity This questionnaire reflects changes made to the law by H.B. 23,84th Leg., Regular Session. OF1RCE USE ONLY This questionnaire is being filed in accordance widi Chapter 176 Local Government Code,by a vendor rrho nx,= er re has a business relationship as defined by Section 176 001(1-al with a local goverrental entity and tie vendor meets requrernents under Section 176.006(al. By law thus quastorriaire must be Fled with the records adrrinistratcr of the local govirnmamal entity not later than die 7th business day after the date he vendor becomes aware of facts hat require he statement to be Mad See Becton 176 006fa-1). Local Goverrrriert Code A vendor .,„r.tt an offense if the vendor knowing!),vi_iates Secton 176 006,Local Goverrrien:Code 1n offense under this secton is a misdemeanor. I Name of vendor who has a business relationship with local governmental entity. NO riCheck this box if you are filing an update to a previously filed qursti onnacc.(The law requires that you file an updated completed questionnaire whin the appropriate filing authority not tater than the 7th business day after the date on which you became aware that the originally f led questionnare, was incomplete cr inaccurate) Name of local government officer about wham the information is being disclosed. Nofn e ?darn.of O€`iYr J Describe each employment or other business relationship with the loco! government officer,or a family member of the officer,as described by Section 176.003(a)(2)(A). Also describe any family relationship with the local government officer. Complete subparts A and B for each employment or btninocs relationship described. Attach additional pages to this Form CIO as necessary. M oif%P A Is the local government officer or a family member of the officer receiving or likely to receive taxable income other than investment income,from the vendor? nYes ` No B Is the vendor receiving or ikely to receive taxable income,other than investment income,irom or at the direction of the local government officer or a family member of the officer AND the taxable income a not received from the local governmental entity? Yes No Describe each employment or business relationship that the vendor named in Section t maintains with a corporation or other business entity with respect to which the local government officer serves as an officer or&rector.or holds an ownership interest of one percent or more. k)01ok Check this box the v or has given the local government officer or a family member of the officer one or more grits as described-A S 176003fat(2}(B).. excluding gifts descrbed in Section 176003(a.1) 0/J2 22Z Si . re of vendor doing business will tie goverrrrental env/ Data Form ore tided by Texas Ethics Commission www ethics state to us Revised 11302015 • --endices NON-COLLUSION AFFIDAVIT CITY OF PORT ARTHUR § STATE OF TEXAS § By the signature below, the signatory for the bidder certifies that neither he nor the firm, corporation, partnership or institution represented by the signatory or anyone acting for the firm bidding this project has violated the antitrust laws of this State, codified at Section 15.01, et seq.. Texas Business and Commerce Code, or the Federal antitrust laws, nor communicated directly or indirectly the bid made to any competitor or any other person engaged in the same line of business, nor has the signatory or anyone acting for the firm, corporation or institution submitting a bid committed any other act of collusion related to the development and submission of t is bi proposal. Signature: Printed Name: Se.(;,-- . e. K4-6 f Title: President Company: Selim Kiralp, LLC Date: f`0/2 6/1022— SUBSCRIBED and sworn to before me the undersigned authority byelin113. kl4tpthe presi ote of, mlp behalf of said bidder. ^ `,,�1i111fjEp' P1.1DA qi, ary ublic � PP 'Pue.c>,t9 in and for the 4° , = State of Texas * F e ' N My commission expires: L �i, o ••HyID�30•'•Og ♦� -,endices F. SB 252 CHAPTER 2252 CERTIFICATION I, g4-0.1)0 the undersigned an representative of Selim Kiralp. LLC (Company or Business Name) being an adult over the age of eighteen (18)years of age,pursuant to Texas Government Code, Chapter 2252,Section 2252.152 and Section 2252.153,certify that the company named above is not listed on the website of the Comptroller of the State of Texas concerning the listing of companies that are identified under Section 806.051, Section 807.051 or Section 2253.153. I further certify that should the above-named company enter into a contract that is on said listing of companies on the website of the Comptroller of the State of Texas which do business with Iran, Sudan or any Foreign Terrorist Organization, I will immediately notify the City of Port Arthur Purchasing Department. Selim Kiralp, LLC SP.4'(v•- g Name of Com ny presentative (Print) t-- Signature of Company Representative Date (0/2 /2O 22— Tendices G House Bill 89 Verification I, SP ^^ L5 . k co t( (Person name), the undersigned representative (hereafter referred to as "Representative") of Selim Kiralp,LLC /company or business name, hereafter referred tG as "Business Entity"), being an adult over the age of eighteen (18) years of age, after being duly sworn by the undersigned notary, do hereby depose and affirm the following: 1. That Representative is authorized to execute this verification on behalf of Business Entity; 2. That Business Entity does not boycott Israel and will not boycott Israel during the term of any contract that will be entered into between Business Entity and the City of Port Arthur; and 3. That Representative understands that the term "boycott Israel" is defined by Texas Government Code Section 2270.001 to mean refusing to deal with, terminating business activities with, or otherwise taking any action that is intended to penalize, inflict economic harm on, or limit commercial relations specifically with Israel, or with a person or entity doing business in Israel or in an Israeli-controlled territo , but does not include an action made for ordinary business purposes. i SIGNATURE OF REPRESENTATIVE SUBSCRIBED AND,, SWORN TO BEFORE ME, the undersigned authority, on this a day of f �1TAI , 20 g'), oC): p�PPY Pue�/•q`�% Notary Public ir S.4 OF�� 9'd. (;L� I M .o�+ P.R. No. 22961 12/29/22 gd Exhibit "C" Request for Proposals CITY OF PORT ARTHUR,TEXAS INVITATION TO BID NOTICE IS HEREBY GIVEN THAT sealed Bids, addressed to the City of Port Arthur,will be received,at the Office of the City Secretary,City Hall 444 4th Street or P.O.Box 1089,Port Arthur, Texas 77641 no later than 3:00 P. M.,Wednesday, October 26, 2022. Applicant names will be - read aloud beginning at 3:15 P.M.,Wednesday,October 26,2022 on this date in the City Council Chambers, City Hall, 5`h Floor for certain services briefly described as: PURCHASE AND DEVELOPMENT OF 35.24 ACRES OF LAND LOCATED ON PLEASURE ISLAND Bids received after the deadline stated above, regardless of method of delivery, will not be considered and returned unopened. Copies of the Specifications and other Contract Documents are on file in the Purchasing Office, 444 4th Street, City of Port Arthur, and are open for public inspection without charge. They can also be retrieved from the City's website at www.portarthutx.gov or www.publicpurchase.com The City of Port Arthur reserves the right to reject any and all bids and to waive informalities. Per Chapter 2 Article VI Sec. 2-262(C) of the City's Code of Ordinance, the City Council shall not award a contract to a company that is in arrears in its obligations to the City. .ri1 Cli on Williams, CPPB Purchasing Manager • FIRST PUBLICATION: September 17, 2022 SECOND PUBLICATION: September 24, 2022 CITY OF PORT ARTHUR Request for Bid Purchase and Development of 35.24 Acres of Land Located on Pleasure island • September 17, 2022 September 24,2022 CITY OF PORT ARTHUR,TEXAS INVITATION TO BID NOTICE 15 HEREBY GIVEN THAT sealed Bids,addressed to the City of PortArthur,will be received at the Office of the City Secretary, City Half 444 4th Street or P.O.Box 1089, Port Arthur, Texas 77641 no later than 3:00 P.M.,Wednesday,October 26,2022.Applicant names will be read aloud 1beginning at 3:15 P.M.,Wednesday,October 26,2022 on this date in the City Council Chambers, ICity Hail,5th Floor for certain services briefly described as: PURCHASE AND DEVELOPMENT OF 35.24 ACRES OF LAND LOCATED ON PLEASURE ISLAND • j Bids received after the deadline stated above,regardless of method of delivery,will not be considered and returned unopened. • Copies of the Specifications and other Contract Documents are on file in the Purchasing Office,444 4th Street.City of Port Arthur,and are open for public inspection without charge.They can also be retrieved from the Citys website at www,portarthutx.gov or ww,v.oublicourchase,00nt 4 The City of Port Arthur reserves the right to reject any and all bids and to waive informalities. r Per Chapter 2 Article VI Sec.2-282(C)of the City's Code of Ordinance, the City Council shall not award a contract to a company that is in arrears in its obligations to the City. ls/Clifton_Wiliiams Clifton Williams,CPPB Purchasing Manager • CITY OF PORT ARTHUR,TEXAS INVITATION TO BID NOTICE iS HEREBY GIVEN THAT sealed Bids,addressed to the City of Port Arthur.will be received at the Office of the City Secretary, City He 444 4th Street or P.O. Box 1089, Port Arthur,Texas 77641 no later than 9:00 P.M.,Wednesday,October 26,2022.Applicant names will be read aloud i beginning at 3:15 P.M.,Wednesday,October 26,•2022 on this date in the City Council Chambers, City Hall,5th Floor for certain services briefly described as: PURCHASE AND DEVELOPMENT OF 35.24 ACRES OF LAND LOCATED ON PLEASURE ISLAND • Bids received after the deadline stated above,regardless of method of delivery,will not be considered and returned unopened. Copies of the Specifications and other Contract Documents are on file in the Purchasing Office,444 4th Street,City of Port Arthur,and are open for public inspection without charge.They can also be retrieved from the City's website at yew .oprtarthUtx,gov or reay.oyrbiicourchase.cotti The City of Port Arthur reserves the right to reject any and all bids and to waive informalities. Per Chapter 2 Article VI Sec.2-262(C)of the City's Code of Ordinance,the City Council shall not , award a contract to a company that is in arrears in its obligations to the City. is/Clifton Williams • Clifton Williams,CPPB Purchasing Manager THURMAN BILL BARTIE,MAYOR - RONALD BURTON INGRID HOLMES.,MAYOR PRO TEM City of < 7<t CITY MANAGER ,\ COUNCIL MEMBERS: flO SHERRI BELLARD,TRMC DONALD FRANK,SR. CITY SECRETARY CAL JONES o r t r t It r[r THOMAS KINLAW III VAL TIZENO KENNETH MARKS Texas CITY ATTORNEY CHARLOTTE MOSES September 16, 2022 REQUEST FOR PROPOSAL PURCHASE AND DEVELOPMENT OF 35.24 ACRES OF LAND LOCATED ON PLEASURE ISLAND DEADLINE: Sealed proposal submittals must be received and time stamped by 3:00 p.m.,Central Standard Time,Wednesday, October 26, 2022. (The clock located in the City Secretary's office will be the official time.) All proposals received will be read aloud at 3:15 p.m. on October 26, 2022 in the City Council Chambers, City Hall, 5th Floor, Port Arthur, TX. Proposals will be opened in a manner to avoid public disclosure of contents; however, only the names of proposers will be read aloud. MARK ENVELOPE: P22-090 DELIVERY ADDRESS: Please submit one (1) original and three (3) exact duplicate copies of your RFP & USB to: CITY OF PORT ARTHUR CITY OF PORT ARTHUR CITY SECRETARY or CITY SECRETARY P.O. BOX 1089 444 4TH STREET,4th Floor PORT ARTHUR, TEXAS 77641 PORT ARTHUR, TEXAS 77640 POINTS OF CONTACT: Questions concerning the Request for Proposal should be directed in writing to: City of Port Arthur, TX Clifton Williams, Purchasing Manager P.O. Box 1089 Port Arthur, TX 77641 clifton.williams@portarthurtx.gov Purchasing Division/Finance Department I Purchasing Manager,Clifton Williams,CPPB P.O.Box 10891444 4th Street I Port Arthur,Texas 776411 409.983.8160 1 Fax 409.983.8291 The enclosed REQUEST FOR PROPOSAL'(RFP) and accompanying General Instructions are for your convenience in submitting proposals for the enclosed referenced services for the City of Port Arthur. Proposals must be signed by a person having authority to bind the firm in a contract. Proposals shall be placed in a sealed envelope, with the Vendor's name and address in the upper left-hand corner of the envelope. ALL PROPOSALS MUST BE RECEIVED IN THE CITY SECRETARY'S OFFICE BEFORE OPENING DATE AND TIME. It is the sole responsibility of the firm to ensure that the sealed RFP submittal arrives at the above location by specified deadline regardless of delivery method chosen by the firm. Faxed or electronically transmitted RFP submittals will not be accepted. Clifton Williams, CPPB Purchasing Manager Page 2 of 31 REQUESTS FOR PROPOSALS PURCHASE AND DEVELOPMENT OF 35.24 ACRES OF LAND LOCATED ON PLEASURE ISLAND (To be Completed ONLY IF YOU DO NOT BID.) FAILURE TO RESPOND TO BID SOLICITATIONS FOR TWO (2) BID PERIODS MAY RESULT IN REMOVAL FROM THE VENDOR'S LIST. However, if you are removed you will be reinstated upon request. In the event you desire not to submit a bid, we would appreciate your response regarding the reason(s). Your assistance in completing and returning this form in an envelope marked with the enclosed bid would be appreciated. NO BID is submitted: this time only not this commodity/service only Yes No Does your company provide this product or services? Were the specifications clear? Were the specifications too restrictive? Does the City pay its bills on time? Do you desire to remain on the bid list for this product or service? Does your present work load permit additional work? Comments/Other Suggestions: Company Name: Person Completing Form: Telephone: Mailing Address: Email: City, State, Zip Code: Date: Page 3 of 31 EQUEST FOR PROPOSAL Purchase and Development of 35.24 Acres of Land Located on Pleasure Island PROPOSAL EVALUATION RFP shall be awarded to the best-quoted proposal. The proposals will be evaluated on the factors outlined below which shall be applied to all eligible,responsive proposals in selecting the successful Offer. Award of a contract may be made without discussion with proposers after responses are received. Proposals should, therefore, be submitted on the most favorable terms. Sealed Proposal Submission Proposals shall be sealed and clearly marked with the Proposer's name and return address, and indicate the proposal number and title. Facsimile or e-mail submitted proposals will not be accepted. Responses received after the deadline cannot be considered and will be returned unopened. The City is not responsible for delays occasioned by the U.S. Postal Service, the internal mail delivery system of the City, or any other delivery method employed by the Proposer. Proposers or their authorized representatives are expected to fully inform themselves as to the general terms and conditions, requirements and development criteria of this RFP before submitting proposals. Failure to do so will be at the proposer's own risk. CRITERIA FOR EVALUATION IN ORDER OF IMPORTANCE: 1. Overall Development Concept 50% 2. Experience with Floodplain Reclamation 20% 3. Financials for Site 20% 4. Developer Qualifications 10% Negotiations may be conducted with responsible proposers who submit proposals determined to be susceptible of being selected for award. All Proposers will be accorded fair and equal treatment with respect to any opportunity for negotiation and revision of proposals. Revisions to proposals may be permitted after submission and before award for the purpose of obtaining best and final offers. After negotiations the City will present a contract reflecting the agreements reached between the City and the selected proposer during the negotiation process subsequent to the RFP award, to Port Arthur City Council for approval. Approval by the Port Arthur City Council and signature by authorized representatives will result in the final and binding contract between the City and the selected Proposer. Page 4 of 31 PROPOSAL INFORMATION SECTION 1 —INTRODUCTION The City of Port Arthur is seeking proposals from experienced Commercial/Residential Developers to develop 35.24 acres of vacant City-owned property ("the Site") located on Pleasure Island into mixed use development and in conformance with the City's Comprehensive Plan. a .:_. ' a- •di -- r=ir-- ',WhimIhResorls s illi T T,esi,,,,„,,. , ..,: . _ . .., . ...„...,....„,, ,„ ... ,,, , , .. _ _ :,,,„ i I- _ ,Fells tC,13 � ..0 41 Jil 7l .1 a oig / lw T at %,444/ The development shall be pursuant to applicable sections of the Texas Local Government Code and Port Arthur Code of Ordinances, in accordance with the terms, conditions, and requirements set forth in this Request for Proposals ("RFP"). PROPOSERS ARE ENCOURAGED TO FULLY READ THE INFORMATION CONTAINED IN THIS RFP CAREFULLY AND TO SUBMIT A COMPLETE RESPONSE TO ALL REQUIREMENTS AND QUESTIONS AS DIRECTED. 1.1 The Opportunity: City is seeking to sell the Site at or above fair market value to an experienced developer in order to develop the property as mixed-use. Although the Site is currently zoned Light Commercial,the Site presents an opportunity for mixed-use development. The future developed Site should include any combination of housing, office,retail,medical,water-themed recreational, commercial or industrial component. 1.2 The Desired Outcome: The requirement is a water-themed recreational project. In addition the City will evaluate the highest and best use of the Site is any combination of housing, office, retail, medical, commercial or industrial component. Page 5 of 31 • ' " -- is �' tc.t '10',...0 '3'.. .c rT Y- -- _ ----f -`,�3=. -r'. ?`f K%Z-'"t'Af -;-`; •.e-,---- .'e`+1yam _y c- - S a - i — .ems-�'a ..• - - .. . - _ _ ,1 7' _ -}'-- , _ f jg . tit 4 A;� .'L �.", �-1 � „� • `-t om• ~ , z . a Vision for the Marina District t i V r: ^fr' A, ' ,,;,, ,1_ 1. ;? for , ; . .. , '� �� � :._ _ _ PUBLIC � - MARK ,r . , _ TFQ CEN "- ijq s ' 1.3 The Site: The Site is approximately 35.24 acres of undeveloped vacant land Located on Pleasure Island in The City of Port Arthur Legally Described As: 35.24 ACRES OF LAND OUT OF THE H. L. MCKEE SURVEY ABSTRACT NO. 930, CITY OF PORT ARTHUR SURVEY ABSTRACT NO. 931 &ABSTRACT NO. 932 JEFFERSON COUNTY, TEXAS (see figures below) Page 6 of 31 �j `' r .,., : _ ,, , ...._ , At, [,{r 1 { L,k { r f ._. 'J 1_ I .d +r�1 ..;..oa. .w -- ..' .,.�...-....-.,...._—..�.d.��'.` .""'..`..�.�s ay'j dsi® '�ymim`r�:W..�s a�v.u.a �. 9�OV 1Li' R.�nn..T....TT�Yd r . ................ �.�. .. ,AKT..:" 7'r1f..n.n -1.n. •\ Sd104 Q 3 4 xi w N� w. ew :. I�m�64el1FaeYliVf�ISf.. L#R.Frame Yi ..�... - . scavrrats& E 1W�".SE]M°5 _ ............,...�... .,..a. ................ .. Page 7 of 31 �_� —'-I S_-s �- PRELIMINARY PLAT OF ,. _.__ -..... „.'-. PLEASURE ISLAND TRACT I 35.24 ACRES OF LAND PART OF THE H.L.MCKEE SURVEY Ir•I.� I® _� ABSTRACT NO. 9UR. i' '" I THE CITY PORT NO 931 SURVEY ti ABSTRACT NO.ARTHUR THE CITY OF PORT 932 SURVEY mom, n n,r^„• ABSTRACT NO. 932 p SCALE JEFFERSON COUNTY, TEXAS iirt'M Y C2.T»p¢,'••- .-..:�i" .r-.....,-m..�.:A r .r-"'............-`;.:.L": ^L=�«Y�v .�r "NM'. (' - .-.«fx.:. -- t-w-1..':'`C���� SCS'' r.-...-...T«?'-T.T^: 7 M ....-7 .-7 �- ' - �_Y'�G"G !:H'f..".1U I.;. w.. -... :'i �^1st: � y� 'i� R• Sr/, T•: x� :-' . .- _ _ �-. --- - ?J s IVDI.14 M*6u::.5..-,_ n �'.'4= =3 pis�..s ..'s.. r- �-xaa=c - . rc""�}_.-.c... wi', .s.v:M - .__=..�-"sue...'. _ T-•-:.=-TF_-._.- zrr<.x,...,.,,...r n ,1...,nn...AT. -.r Ina e•»�c. " :?m.'('s1�w...�. ;2; .1-,.........-x-.s,_ -.r:.ttom_ _ s�-air`s_. i.'=:D-_ .._'.•-•".' :4zia -..i wi - _ _ •— .r» ::.,--------a.: -- - :r:iis:i,,.-=-- •.,R R.,. .r..,,, - , <»>,e ;x,"-Ai-.-T.t- ...-:-..-.- - -...__=.z ;' :':s:._�_.x.•'r.�s..� __�—., --_-.._— - STA.OF llolAR —— «.F ., s�1 x-x I "er.bg� 1 �r*' n._HY -- 1 Ky y1 s THYaR, •b a '` ! .a '- lit S[:RYF;YOR"H CF'RTIFICATF; o"!`' ,s1' g `0 a ec: e•s# - m v z... •°.v+i.?"a. a r•.- g _ -Iµ, ,.:w r,o.+c,rrDnsw: ..Rr I'` a . Et a'..... I n;s04,:. :r......>:TR....T.� "`� I .._.,SS. „ Lai I- .. ..a.. M u w.rar...v •..T BARRIER ROAD 1•� 'WO- ' r (_•.:'� \ 1!RA:1'I FTCM.v.: OF AYYROVAI. . _rr>✓' .c carssv D.ne a, n'•a•.. ... R !�`•:';^' 'Si.:" .', �" f°. 5 - i�ri.ti�b l\ W n.e..e.,r r..m .w.«.w. - `' it W_a•.,-. ,..�. I 15 ti. 1 n....v x— _,.,..-.. - s�¢i$e •I -' ° -- I I 6g* )• 1 'i ..2:•m..�..-„p.�p�,.�r.m.....,.. .-' f. oath. }I ..w:+u. mod` o.......o.a _ € ch Imo" srar u, Sa-',�ii* Z',ZGf - .. - -- ---- Ts - - I I•..S•I,w� s3 .roe no. ae o0,0 1 ukwwK BY: Bk('.$R. c11RRT l�rD�l - I- n manor=mar -am 1Ws L. a-"^�::� - I T - >I'Yab1� /` T �7�f �»T 11..w.,in.» ,ur -L,>o., ~ I v'-xU8 I.I JO V i L.L n....� r...17fr ;, aay.•n�r - � ,�s w,_6,r. r.�.wD ps>voDT ; .r-rr....',r,..,c..,-.,;.;.,.-,,. ...n •,.,..,. .a w..ac m.,,m,or• I SURVEYORS&QJCR•1EFRS ....--..--- Site History: On May 29, 1951, City of Port Arthur dedicated the Site as a park land for the people of Port Arthur. A portion of this Site had been historically utilized as a music park. On May 7,2022, a Special Election was held to submit a proposition to the qualified voters as to the sale of various land on Pleasure Island,to be sold according to the specific requirements of the City Charter, Texas Local Government Code, Texas Parks and Wildlife Code. Proposition A was adopted by qualified voter which authorize the sell in fee title interest in land the City owns, holds, or claims as a park for fair market value, based upon a certified appraisal. Existing Buildings: There are no existing building structures on the Site. Access,streets,and sidewalk: The Site has a water frontage with a board walk bordering the south perimeter facing Sabine Lake that can be accessed from Pleasure Pier Blvd. The Site is located adjacent to the Pleasure Island RV Park and Pleasure Island Marina. Drainage: The Site will require a substantial degree of floodplain reclamation to maximize development potential. Existing Zoning: The Site is currently zoned as LC—Light Commercial but is expected to be re- zoned to MU — Mixed Used District upon the adoption of the new City Zoning Ordinance by the City Council. Current Zoning Page 8 of 31 -4-01 7 4. '�� �B `'sue / z w ,• o. / , eos / e ©( 0560 P 0 Maxar I Esri Community Maps Contributors.Texas Parks&Wildlife.®OpenStreetMao.Microsoft.CC Proposed Zoning Page 9 of 31 6 +{ e / 1 1 %. i % F+ (1 d2) ► ❑X ps Fopowd Zon.ng ©! %' / Lb o % Camel •_ % o / / 44: / / • Existing Topography: The Site is situated on 18.5-mile-long man-made body of land that extends from the mouth of the Neches River on the northwest to the Sabine Causeway on the southeast and is surrounded by Sabine Lake and the Sabine Neches Intracoastal Waterway. The Site is heavily wooded and irregular in shape. Appraised Value: The market value of the Site as of August 01, 2022, is $916,000, as determined by a certified commercial appraisal report dated August 15, 2022 and attached it to this RFP. 1.4 Qualifications Being Sought: A. A development entity with a demonstrated track record and continued capability, as a company and/or Development Team, to successfully reclaim floodplain to develop the Site as residential and/or commercial without legal or technical problems. B. Capability to provide the resources, including financial, equipment and staffing, necessary to meet project requirements. C. Past performance on similar projects with other local municipalities on construction of reclamation development projects and is not currently, nor ever have been, on the federal government's suspended or debarred list. D. Qualifications and experience of the team members proposed to manage the project for Proposer as evidenced by the resumes of the proposed personnel. Only those personnel who will be directly involved in and assigned to this project shall be submitted with their role clearly indicated. Page 10 of 31 E. Quality of references from past funding or equity sources, municipalities, or other entities which are qualified to comment on the company and/or Development Team's ability to successfully develop the Site. 1.5 Role of Development Team and City: Following Developer's selection and execution of an Exclusive Right to Negotiate agreement, Developer shall proceed with detailed due diligence, pre-development, and entitlement activities while working with City to negotiate a Purchase and Sale Agreement for the property. The City anticipates that the general scope of the successful Developer team's responsibilities would include,but not be limited to: A. Entitlements The Developer shall be responsible for all aspects of the Project including pre-development planning, environmental review and design. The selected Developer shall be responsible, at its sole expense, for obtaining all land use entitlements and other government approvals required for its proposed Project. During the Negotiation Period, the selected Developer shall prepare and process an Initial Study and undertake all other actions required under CEQA for City approval of the Project, at Developer's cost. In addition to the Initial Study, Developer may, during the Negotiation Period, without any guaranty of approval therefor, seek City approval of a General Plan amendment, zone change, and any subdivision entitlements that may be required for the development of the Project. B. Predevelopment Costs The selected Developer shall bear all predevelopment costs relating to this project. All fees or expenses of engineers, architects, financial consultants, attorneys, planning or other consultants or contractors retained by Developer for any study, analysis, evaluation, report, schedule, estimate, environmental review, surveys, planning and/or design activities, drawings, specifications or other activity or matter relating to the Project shall be the sole responsibility of and undertaken at the sole cost and expense of Developer and no such activity or matter shall be deemed to be undertaken for the benefit of, at the expense of, or in reliance upon the City. C. Reimbursable Costs The selected Developer shall reimburse the City for the actual out-of-pocket costs and expenses that include, but not limited to, title reports, title searches, appraisal costs, replats, taxes and other various real estate transaction fees in negotiating and preparing the Purchase and Sale Agreement and fulfilling its obligations under this Agreement. D. Legislative Action City and Developer acknowledge that the City must exercise its independent legislative authority in making any and all findings and determinations required of it by law concerning the City Parcels. Developer selection does not restrict the legislative authority of the City in any manner whatsoever and does not obligate the City to enter into the Exclusive Right to Negotiate Agreement or to take any course of action with respect to the Project. Page 11 of 31 E. Financing The Developer shall be responsible for providing funding for the Project, whether it be in the form of debt financing, equity, tax credits or a combination of these methods. If debt financing is used, no financial risk or credit risk shall be imposed upon or borne by the City. F. Construction The Developer shall be responsible for demolition, construction and commissioning of the Project including obtaining all permits, fees, and approvals necessary for construction of the Project. The City is committed to facilitating the development of the Site by any reasonable means, including rezoning the property and consideration of economic development incentives. SECTION 2 —NOTICE TO PROPOSERS 2.1 Request for Qualifications Notice: The City is accepting RFPs from experienced Developers to develop the Site in accordance with the terms, conditions and requirements set forth in this RFP. For the purposes of this RFP, "Developer or Development Team" shall mean a primary development entity (individual or company) that will be responsible for the development of the Site and any of its development partners including, but not limited to architectural and engineering firms,construction companies,equity and debt financing partners, and project management firms. 2.2 The City's Contact: QUESTIONS —All questions regarding the meaning or intent of these documents must be submitted in writing to: City of Port Arthur Clifton Williams, Purchasing Manager P.O. Box 1089 Port Arthur, TX 77641 clifton.williams@portarthurtx.gov The City, as it determines necessary for interpretation or clarification, will respond to such questions through addenda to all "plan holders" on record. 2.3 Proposer's Acceptance of Evaluation Methodology: WAIVER OF CLAIMS: Each Proposer by submission of a response to this RFP waives any claims it has or may have against the City, its consultants, and their respective employees, officers, members, directors and partners; the City's Representative and its employees, officers, members, directors and partners; and the City, its employees, officers and elected officials, agents, representatives, that are connected with or arising out of this RFP, including, the administration of the RFP,the RFP evaluation, and the selection of qualified Proposers to receive a RFP. Submission of a Proposal indicates Proposer's acceptance of the evaluation technique and Proposer's recognition that some subjective judgments must be made by the City during the evaluation of the Proposals received. Without limiting the generality of the foregoing, each Proposer acknowledges that the basis of selection and that the evaluations shall be made public in accordance with applicable Page 12 of 31 nPr law and waives any claim it has or may have against the above-named persons, due to information contained in such evaluations. 2.4 Proposer's Commitment: Proposer understands and agrees that the City has the ability to terminate its selection process at any time, and to reject any and all responses, or any and all submittals, and that the City has made no representation, written or oral, that it will accept a proposal or award a contract for this Project. 2.5 Deed The City will provide a Special Warranty Deed at closing for the property being sold. It is at the election and cost of the winning bidder to purchase title insurance. 2.6 Proposer's Eligibility: Only individual firms or formal joint ventures may respond to this RFP. Two firms may not respond jointly unless they have formed a joint venture. (This does not preclude a Proposer from utilizing consultants and/or sub-consultants.) 2.7 Key Events Schedule: The tentative timeline established by the Cities for the selection process is: First Advertisement and Issue RFP: September 17, 2022 Second Advertisement: September 24, 2022 Interpretation/Request Deadline: October 12, 2022 Issue Addendum: October 19, 2022 RFP Deadline: October 26, 2022 Interviews, if needed: Recommendation to Award: November 16, 2022 This timeline is subject to change by the City. SECTION 3—SUBMITTAL, EVALUATION AND SELECTION PROCEDURES 3.1 Submittal Requirements: Proposals and any other information submitted in response to this RFP shall become the property of the City. Proposers may submit more than one response to this RFP; however, each response must be a separate and complete package that can be considered independently of any other response from the same Proposer. Submittals should include the following: A. Cover Letter ❑ Signature from authorized officer/agent of the development entity B. Development Team Composition, Experience, and Financial Capacity Page 13 of 31 ❑ Primary Development Entity—full legal name, type,primary contact. Team—brief resumes for keymembers includingcompany ❑ Pro Proposed Development p information. ❑ Ownership Entity—type, formation data, general and managing partner, or other principal. ❑ List of projects (completed or nearly completed) in which the development entity or key member(s)has (have)been involved in the past five (5)years. • Describe in greater detail those projects from the previous list that are similar in type, size, scale or complexity to the project scope anticipated in this RFP. To the extent possible, please include project name, type, location, description including land use and building square footages, current status, composition of Development Team, project cost, project. financing, and project photos/renderings/marketing materials. ❑ List any current projects in the pre-development, design, or construction phase. ❑ Include a Statement of Financial Capacity as well as a Certified Financial Statement showing the assets and the liabilities, including contingent liabilities, of the development entity, and any affiliates/partners with more than a ten (10%) ownership interest in the development entity, fully itemized in accordance with accepted accounting standards. Confidential financial information should be clearly labeled as such. The City will consider and treat such information as confidential to the extent allowed by law. ❑ Include any additional information deemed helpful in demonstrating the Developer's financial capacity and capability to complete the proposed development. C. Proposed Concept Describe in great detail the proposed vison and/or concept for the residential project anticipated in this RFP. To the extent possible, describe the proposed land use, anticipated buildings/residential units, required infrastructure, amount of floodplain reclamation, design and development standards, amenities, landscaping and project post-development projected tax valuation. Please include any available photos, renderings and marketing materials. D. Price for Site The amount to be paid to the City for the Site shall be listed on the enclosed Bid Sheet. E. References ❑ Provide at least five (5) references with sufficient information to evaluate the Development Team's past performance, ideally on those projects of similar type, size, scale, or complexity to the project scope anticipated in this RFP. ❑ References should include company/organization, names, titles, telephone numbers, and email addresses for individuals who can provide information related to the capabilities of the Development Team and key team members. Page 14 of 31 pr- F. Proposer's Signature Page and Conflict of Interest Questionnaire Proposers must complete, sign, and include Proposer's Signature Page and Conflict of Interest Questionnaire with the submittal. Failure to include these documents may subject the submittal to disqualification. 3.2 Submittal Format: ❑ Follow details listed in item 2 in the General Clauses and Conditions,page 1. ❑ Submitted materials must be enclosed in a sealed envelope (or box or container); clearly indicating "RFP No. 22-090; DELIVERY ADDRESS: Please submit one (1) original and three (3) exact duplicate copies of your RFP to: CITY OF PORT ARTHUR CITY OF PORT ARTHUR CITY SECRETARY Or CITY SECRETARY P.O. BOX 1089 444 4TH STREET, 4th Floor PORT ARTHUR, TEXAS 77641 PORT ARTHUR, TEXAS 77641 ❑ All submittals must conform to the requirements outlined in the RFP. Incomplete submittals will not be considered. ❑ Telephone ("PHONE"), Facsimile ("FAX"), or Internet ("E-mail") submittals will not be accepted. 3.3 Submittal Deadline: The City will accept responses to this RFP until the time and date listed in Section 2.7, after which time all responses timely received will be publicly opened, and the names of the Proposers read aloud. Responses received after the submittal deadline will not be considered. 3.4 Evaluation of Submittals: The City will evaluate all submittals and may invite consultants and representatives from other qualified organizations to evaluate the submittals as deemed necessary. The decision to reject any or all proposals is final and is not subject to due process or appeal. The City reserves the right to request additional information from any Proposer, to interview any Proposer, and to request and secure modifications or amendments to any submittal. 3.5 Selection Procedure: Selection Process: The time period for awarding the RFP is set out in Section 2.7 above. The City will evaluate each response. The City will review written responses and score the responses on demonstrated competence, qualifications, and responsiveness to the RFP using the point system outlined below. The City may choose to interview developers submitting RFPs. Scoring(100-point scale): A. 50 points—Developer's proposed concept o Quality of proposed design o Strength of response and alignment to market conditions o Proposed building and architectural standards and design Page 15 of 31 Fir o Proposed amenities and landscaping o Pedestrian connectivity with surrounding area o Alignment of response with Objectives outlined in the RFP o Must submit timeline of the phases of the project o Must submit marketing strategy for completed development B. 20 points—Experience with Floodplain Reclamation o Experience in obtaining hydrologic engineering studies o Past experience obtaining FEMA Letters of Map Revision (LOMRs) o Experience obtaining fill permits and/or floodplain alteration permits o Knowledge of Port Arthur codes and ordinances related to floodplain regulations C. 20 points—Financials for Site o The amount listed for the Site to be paid to City. To meet requirements of State law, the price must be the $916,000.00, market value of the land, or higher. o A letter of credit must be obtained from a bank or financial institute that guarantees we will receive the buyer's payment on time and for the full amount o Proposer must submit financial statements from the last five years. D. 10 points -Developer Qualifications, including Individuals and Company a. Firm's number of years in business, size and staffing b. Firm's experience developing projects of similar scope, size and quality including relevant examples c. Experience of proposed personnel on similar projects and as a project team d. References Page 16 of 31 GENERAL INFORMATION: NOTE: It is extremely important that the Vendor,Bidder,and/or Contractor furnish the City of Port Arthur the required information'specified in Bid or Proposal Specifications listed in this Bid Package. All bids meeting the intent of this request for bid will be considered for award. BIDDERS TAKING EXCEPTION TO THE SPECIFICATIONS, OR OFFERING SUBSTITUTIONS, SHALL STATE THESE EXCEPTIONS BY ATTACHMENT AS PART OF THE BID. The absence of such a list shall indicate that the bidder has not taken exceptions and the City shall hold the bidder responsible to perform in strict accordance with the specifications of the invitation. The City reserves the right to accept any and all or none of the exception(s)/substitutions(s) deemed to be in the best interest of the City of Port Arthur. ALTERING BIDS: Bids cannot be altered or amended after submission deadline. Any interlineations, alteration, or erasure made before opening time must be initialed by the signer of the bid, guaranteeing authenticity. BID AWARD: The City of Port Arthur will review all bids for responsiveness and compliance with these specifications. The award shall be made to the responsive, responsible bidder who submits the best value bid. The City reserves the right to: 1. Reject any and all bids and to make no award if it deems such action to be in its best interest. 2. Award bids on the lump sum or unit price basis, whichever is in the best interest of the City. 3. Reject any or all bids and to waive informalities or defects in bids or to accept such bids as it shall deem to be in the best interests of the City. 4. Award bids to bidders whose principal place of business is in the City of Port Arthur and whose bid is within 5% of the lowest bid price, as provided by Section 271.905 of the Texas Government Code. Excluding Federal Funds TERMINOLOGY: "Bid" vs. "Proposal"--For the purpose of this ITB, the terms "Bid" and Proposal" shall be equivalent. Bidders are cautioned to read the information contained in this ITB carefully and to submit a complete response to all requirements and questions as directed. CONFLICT OF INTEREST: Provide a completed copy of the Conflict of Interest Questionnaire (Form CIQ). The Texas legislature recently enacted House Bill 914 which added Chapter 176 to the Texas Local Government Code. Chapter 176 mandates the public disclosure of certain information concerning persons doing business or seeking to do business with the City of Port Arthur,including affiliations and business and financial relationships such persons may have with City of Port Arthur officers. The form can be can be located at the Texas Ethics Commission website: https://www.ethics.state.tx.us/filinginfo/conflict forms.htm By doing business or seeking to do business with the City of Port Arthur including submitting a response to this RFP, you acknowledge that you have been notified of the requirements of Chapter Page 17 of 31 For 176 of the Texas Local Government Code and you are representing that you in compliance with them. Any information provided by the City of Port Arthur is for information purposes only.If you have concerns about whether Chapter 176 of the Texas Local Government Code applies to you or the manner in which you must comply,you should consult an attorney. ETHICS: Public employees must discharge their duties impartially so as to assure fair,competitive access to governmental procurement by responsible contractors. Moreover, they should conduct themselves in such a manner as to foster public confidence in the integrity of the City of Port Arthur's procurement organization. Any employee that makes purchases for the City is an agent of the City and is required to follow the City's Code of Ethics. MINIMUM STANDARDS FOR RESPONSIBLE PROSPECTIVE BIDDERS: A prospective bidder must affirmatively demonstrate bidder's responsibility. A prospective bidder must meet the following requirements: 1. Be able to comply with the required or proposed delivery schedule. 2. Have a satisfactory record of performance. 3. Have a satisfactory record of integrity and ethics. 4. Be otherwise qualified and eligible to receive an award. 5. Be engaged in a full time business and can assume liabilities for any performance or warranty service required. 6. The City Council shall not award a contract to a company that is in arrears in its obligations to the City. 7. No payments shall be made to any person of public monies under any contract by the City with such person until such person has paid all obligations and debts owed to the City, or has made satisfactory arrangements to pay the same. ADDENDA:Any interpretations,corrections or changes to the ITB and Specifications will be made by addenda. Sole issuing authority of addenda shall be vested in the City of Port Arthur Purchasing Manager. The City assumes no responsibility for the bidder's failure to obtain and/or properly submit any addendum. Failure to acknowledge and submit any addendum may be cause for the bid to be rejected. It is the vendor's responsibility to check for any addendums that might have been issued before bid closing date and time. PORT ARTHUR PRINCIPAL PLACE OF BUSINESS: Any bona fide business that claims the City of Port Arthur as its principal place of business must have an official business address (office location and office personnel)in Port Arthur,the principal storage place or facility for the equipment shall be in Port Arthur and/or the place of domicile for the principal business owner(s) shall be in Port Arthur or such other definition or interpretation as is provided by state law. Contractors outside the City of Port Arthur are allowed to bid. PRICES: The bidder should show in the proposal both the unit price and total amount, where required, of each item listed. In the event of error or discrepancy in the mathematics,the unit price shall prevail. Page 18 of 31 PURCHASE ORDER: A purchase order(s) shall be generated by the City of Port Arthur to the successful bidder. The purchase order number must appear on all itemized invoices. INVOICES: All invoices shall be mailed directly to the City of Port Arthur, Attn.: Development Services,P.O. Box 1089, Port Arthur, Texas 77641. PAYMENT: Payment will be made upon receipt of the original invoice and the acceptance of the goods or services by the City of Port Arthur, in accordance with the State of Texas Prompt Payment Act, Article 601f V.T.C.S. The City's standard payment terms are net 30, i.e. payment is due 30 days from the date of the invoice. SALES TAX: The City of Port Arthur is exempt by law from payment of Texas Sales Tax and Federal Excise Tax; therefore the proposal shall not include Sales Tax. VENUE: This agreement will be governed and construed according to the laws of the State of Texas. This agreement is performable in Port Arthur, Texas, Jefferson County. COMPLIANCE WITH LAWS: The Contractor shall comply with all applicable laws,ordinances, rules, orders, regulations and codes of the federal, state and local governments relating to performance of work herein. INTEREST OF MEMBERS OF CITY: No member of the governing body of the City, and no other officer, employee or agent of the City who exercises any functions or responsibilities in connection with the planning and carrying out of the program, shall have any personal financial interest, direct or indirect,in this Contract; and,the Contractor shall take appropriate steps to assure compliance. DELINQUENT PAYMENTS DUE CITY: The City of Port Arthur Code of Ordinances prohibits the City from granting any license, privilege or paying money to any-one owing delinquent taxes, paving assessments or any money to the City until such debts are paid or until satisfactory arrangements for payment has been made. Bidders must complete and sign the AFFIDAVIT included as part of this ITB. QUANTITIES: Quantities shown are estimated, based on projected use. It is specifically understood and agreed that these quantities are approximate and any additional quantities will be paid for at the quoted price. It is further understood that the contractor shall not have any claim against the City of Port Arthur for quantities less than the estimated amount. SHIPPING INFORMATION: All bids are to be F.O.B., City of Port Arthur, Port Arthur, TX 77640 INCORPORATION OF PROVISIONS REQUIRED BY LAW: Each provision and clause required by law to be inserted into the Contract shall be deemed to be enacted herein and the Contract shall be read and enforced as though each were included herein. If, through mistake or otherwise, any such provision is not inserted or is not correctly inserted the Contract shall be amended to make such insertion on application by either party. CONTRACTOR'S OBLIGATIONS: The Contractor shall and will, in good workmanlike manner, perform all work and furnish all supplies and materials, machinery, equipment, facilities and means, except as herein otherwise expressly specified, necessary or proper to perform and Page 19 of 31 mir complete all the work required by this Contract, in accordance with the provisions of this Contract and said specifications. The apparent silence of these specifications as to any detail or to the apparent omission from it of a detailed description concerning any point shall be regarded as meaning that only the best commercial practices are to prevail. While the purpose of the specifications is to indicate minimum requirements in the way of capability, performance, construction, and other details, its use is not intended to deprive the City of Port Arthur the option of selecting goods which may be considered more suitable for the purpose involved. In the event of conflicts between the written bid proposal and information obtained verbally, the vendor is specifically advised that the written bid proposal will prevail in the determination of the successful bidder. Under the Title VI of the Civil Rights Act of 1964, no person shall, on the grounds of race, color, or national origin, be excluded from participation in, be denied the benefits of, or be subjected to discrimination under any program or activity receiving Federal financial assistance. TERMINATION FOR CAUSE: If,through any cause,the Contractor shall fail to fulfill in a timely and proper manner his obligations under this contract, or if the Contractor shall violate any of the covenants, agreements or stipulations of this contract, the City shall thereupon have the right to terminate this contract by giving written notice to the Contractor of such termination and specifying the effective date thereof, at least fifteen (15) days before the effective date of such termination. Notwithstanding the above, the Contractor shall not be relieved of liability to the City for damages sustained by the City by virtue of any breach of the contract by the Contractor, and the City may withhold any payments to the Contractor for the purpose of set-off until such time as the exact amount of damages due the City from the Contractor is determined. TERMINATION FOR CONVENIENCE:The City may terminate this contract at any time giving at least thirty(30)days notice in writing to the Contractor. If the Contract is terminated by the City as provided herein, the Contractor will be paid for the service that it has performed up to the termination date. If this contract is terminated due to fault of the Contractor,the previous paragraph hereof relative to termination shall apply. RELEASES AND RECEIPTS: The City of Port Arthur before making payments may require the Contractor to furnish releases or receipts for any or all persons performing work and supplying material or service to the Contractor, or any sub-contractors for work under this contract, if this is deemed necessary to protect its interests. CARE OF WORK: The Contractor shall be responsible for all damages to person or property that occurs as a result of his fault or negligence in connection with the work performed until completion and final acceptance by the City. SUB-CONTRACTS: The Contractor shall not execute an agreement with any sub-contractor or permit any sub-contractor to perform any work included in this Contract until he has received from the City of Port Arthur written approval of such agreement. Page 20 of 31 INSURANCE:All insurance must be written by an insurer licensed to conduct business in the State of Texas,unless otherwise permitted by Owner. The Contractor shall, at his own expense,purchase, maintain and keep in force insurance that will protect against injury and/or damages which may arise out of or result from operations under this contract,whether the operations be by himself or by any subcontractor or by anyone directly or indirectly employed by any of them, or by anyone for whose acts any of them may be liable, of the following types and limits 1. Standard Worker's Compensation Insurance: 2. Commercial General Liability occurrence type insurance City of Port Arthur, its officers, agents, and employees must be named as an additional insured): a. Bodily injury $500,000 single limit per occurrence or$500,000 each person/$500,000 per occurrence for contracts of$100,000 or less; or Bodily injury $1,000,000 single limit per occurrence or$500,000 each person/$1,000,000 per occurrence for contracts in excess of$100,000; and, b. Property Damage $100,000 per occurrence regardless of contract amount; and, c. Minimum aggregate policy year limit of$1,000,000 for contracts of $100,000 or less; or, Minimum aggregate policy year limit of$2,000,000 for contracts in excess of$100,000. 3. Commercial Automobile Liability Insurance (Including owned, non-owned and hired vehicles coverage's). a. Minimum combined single limit of$500,000 per occurrence, for bodily injury and property damage. b. If individual limits are provided, minimum limits are $300,000 per person, $500,000 per occurrence for bodily injury and$100,000 per occurrence for property damage. Contractor shall cause Contractor's insurance company or insurance agent to fill in all information required (including names of insurance agency, contractor and insurance companies, and policy numbers, effective dates and expiration dates) and to date and sign and do all other things necessary to complete and make into valid certificates of insurance and pertaining to the above listed items, and before commencing any of the work and within the time otherwise specified, Contractor shall file completed certificates of insurance with the Owner. None of the provisions in said certificate of insurance should be altered or modified in any respect except as herein expressly authorized. Said CERTIFICATE OF INSURANCE Form should contain a provision that coverage afforded under the policies will not be altered,modified or canceled unless at least fifteen (15) days prior written notice has been given to the City of Port Arthur. Contractor shall also file with the City of Port Arthur'valid CERTIFICATE OF INSURANCE on like form from or for all Subcontractors and showing the Subcontractor (s) as the Insured. Said completed CERTIFICATE OF INSURANCE Form (s) shall in any event be filed with the City of Port Arthur not more than ten (10) days after execution of this Contract. Page 21 of 31 NOTICE TO PROCEED: Notice to Proceed shall be issued within ten(10)days of the execution of the Contract by OWNER. Should there be any reasons why Notice to Proceed cannot be issued within such period, the time may be extended by mutual agreement between OWNER and CONTRACTOR. CELL PHONE OR PAGER: The Contractor must have a working cell phone or pager available Monday through Friday from 8:00 a.m. to 5:00 p.m. so that the City will be able to contact the contractor. Page 22 of 31 APPENDICES Please include Appendix A—D when submitting proposal documents. Page 23 of 31 APPENDIX A INVITATION TO BID CITY OF PORT ARTHUR,TEXAS BID SHEET BID FOR: PURCHASE AND DEVELOPMENT OF 35.24 ACRES OF LAND LOCATED ON PLEASURE ISLAND BID DUE DATE:OCTOBER 26,2022 DESCRIPTION TOTAL PURCHASE PRICE PURCHASE AND DEVELOPMENT OF 35.24 ACRES OF LAND LOCATED ON PLEASURE ISLAND $ COMPANY NAME STREET ADDRESS SIGNATURE OF BIDDER P.O. BOX PRINT OR TYPE NAME CITY STATE ZIP TITLE AREA CODE TELEPHONE NO EMAIL FAX NO. Page 24 of 31 APPENDIX B LETTER OF INTEREST RFP—Purchase & Development of 35.24 Acres of Land on Pleasure Island Deadline: October 26, 2022 The undersigned firm submits the following information (this RFP submittal) in response to the Request for Proposals (as amended by any Addenda), issued by the City of Port Arthur, TX (City) for PURCHASE AND DEVELOPMENT OF 35.24 ACRES OF LAND LOCATED ON PLEASURE ISLAND Enclosed, and by this reference incorporated herein and made a part of this RFP, are the following: ❖ Bid Sheet ❖ Completed RFP Letter of Interest Form ❖ Completed Affidavit ❖ Completed Conflict of Interest Form ❖ Non Collusion Affidavit ❖ SB 252 ❖ House Bill 89 Firm understands that the City is not bound to select any firm for the final pre-qualified list and may reject any responses submitted. Firm also understands that all costs and expenses incurred by it in preparing this RFP and participating in this process will be borne solely by the firm, and that the required materials to be submitted will become the property of the City and will not be returned. Firm agrees that the City will not be responsible for any errors, omissions, inaccuracies, or incomplete statements in this RFP. Firm accepts all terms of the RFP submittal process by signing this letter of interest and making the RFP submittal. This RFP shall be governed by and construed in all respects according to the laws of the State of Texas. Firm Name Date Authorized Signature Title Name (please print) Telephone Email Page 25 of 31 APPENDIX C AFFIDAVIT All pages in Offeror's Responses containing statements, letters, etc., shall be signed by a duly authorized officer of the company whose signature is binding. The undersigned offers and agrees to one of the following: I hereby certify that I do not have outstanding debts with the City of Port Arthur. I further agree to pay succeeding debts as they become due. I hereby certify that I do have outstanding debts with the City of Port Arthur and agree to pay said debts prior to execution of this agreement. I further agree to pay succeeding debts as they become due. I hereby certify that I do have outstanding debts with the City of Port Arthur and agree to enter into an agreement for the payment of said debts. I further agree to pay succeeding debts as they become due. Firm Name Date Authorized Signature Title Name (please print) Telephone Email STATE: COUNTY: SUBSCRIBED AND SWORN to before me by the above named on this the day of , 20 Notary Public RETURN THIS AFFIDAVIT AS PART OF THE BID PROPOSAL Page 26 of 31 • APPENDIX D CONFLICT OF INTEREST QUESTIONNAIRE FORM CIO For vendor doing business with local governmental entity This questionnaire reflects changes made to the law by H.B.23,84th Leg., Regular Session. OFFICE USE ONLY This questionnaire is being filed in accordance with Chapter 176,Local Government Code,by a vendor who Date Received has a business relationship as defined by Section 176.001(1-a)with a local governmental entity and the vendor meets requirements under Section 176.006(a). By law this questionnaire must be filed with the records administrator of the local governmental entity not later than the 7th business day after the date the vendor becomes aware of facts that require the statement to be filed. See Section 176.006(a-1),Local Government Code. A vendor commits an offense if the vendor knowingly violates Section 176.006,Local Government Code.An offense under this section is a misdemeanor. J Name of vendor who has a business relationship with local governmental entity. J riCheck this box if you are filing an update to a previously filed questionnaire.(The law requires that you file an updated completed questionnaire with the appropriate filing authority not later than the 7th business day after the date on which you became aware that the originally filed questionnaire was incomplete or inaccurate.) J Name of local government officer about whom the information is being disclosed. Name of Officer J Describe each employment or other business relationship with the local government officer,or a family member of the officer,as described by Section 176.003(a)(2)(A). Also describe any family relationship with the local government officer. Complete subparts A and B for each employment or business relationship described. Attach additional pages to this Form CIQ as necessary. A. Is the local government officer or a family member of the officer receiving or likely to receive taxable income, other than investment income,from the vendor? n Yes n No B. Is the vendor receiving or likely to receive taxable income,other than investment income,from or at the direction of the local government officer or a family member of the officer AND the taxable income is not received from the local governmental entity? n Yes n No J Describe each employment or business relationship that the vendor named in Section 1 maintains with a corporation or other business entity with respect to which the local government officer serves as an officer or director,or holds an ownership interest of one percent or more. J fl Check this box if the vendor has given the local government officer or a family member of the officer one or more gifts as described in Section 176.003(a)(2)(B), excluding gifts described in Section 176.003(a-1). J Signature of vendor doing business with the governmental entity Date Form provided by Texas Ethics Commission www.ethics.state.tx.us Revised 11/30/2015 Page 27 of 31 CONFLICT OF INTEREST QUESTIONNAIRE For vendor doing business with local governmental entity Acomplete copy of Chapter 176 of the Local Government Code may be found at http://www.statutes.legis.state.tx.us.! Docs/LG/htm/LG.176.htm.For easy reference,below are some of the sections cited on this form. Local Government Code§176.001(1-a):"Business relationship"means a connection between two or more parties based on commercial activity of one of the parties. The term does not include a connection based on: (A) a transaction that is subject to rate or fee regulation by a federal,state,or local governmental entity or an agency of a federal,state,or local governrfiental entity; (B) a transaction conducted at a price and subject to terms available to the public;or (C) a purchase or lease of goods or services from a person that is chartered by a state or federal agency and that is subject to regular examination by,and reporting to,that agency. Local Government Code§176.003(a)(2)(A)and(B): (a) A local government officer shall file a conflicts disclosure statement with respect to a vendor if: (2) the vendor: (A) has an employment or other business relationship with the local government officer or a family member of the officer that results in the officer or family member receiving taxable income, other than investment income, that exceeds$2,500 during the 12-month period preceding the date that the officer becomes aware that (i) a contract between the local governmental entity and vendor has been executed; or (ii) the local governmental entity is considering entering into a contract with the vendor; (B) has given to the local government officer or a family member of the officer one or more gifts that have an aggregate value of more than$100 in the 12-month period preceding the date the officer becomes aware that: (i) a contract between the local governmental entity and vendor has been executed;or (ii) the local governmental entity is considering entering into a contract with the vendor. Local Government Code§176.006(a)and(a-1) (a)Avendor shall file a completed conflict of interest questionnaire if the vendor has a business relationship with a local governmental entity and: (1) has an employment or other business relationship with a local government officer of that local governmental entity,or a family member of the officer,described by Section 176.003(a)(2)(A); (2) has given a local government officer of that local governmental entity,or a family member of the officer,one or more gifts with the aggregate value specified by Section 176.003(a)(2)(B),excluding any gift described by Section 176.003(a-1);or (3) has a family relationship with a local government officer of that local governmental entity. (a-1) The completed conflict of interest questionnaire must be filed with the appropriate records administrator not later than the seventh business day after the later of: (1) the date that the vendor: (A) begins discussions or negotiations to enter into a contract with the local governmental entity;or (B) submits to the local governmental entity an application,response to a request for proposals or bids, correspondence, or another writing related to a potential contract with the local governmental entity;or (2) the date the vendor becomes aware: (A) of an employment or other business relationship with a local government officer,or a family member of the officer,described by Subsection(a); (B) that the vendor has given one or more gifts described by Subsection(a);or (C) of a family relationship with a local government officer. Form provided by Texas Ethics Commission www.ethics.state.tx.us Revised 11/30/2015 Page 28 of 31 APPENDIX E NON-COLLUSION AFFIDAVIT CITY OF PORT ARTHUR § STATE OF TEXAS § By the signature below, the signatory for the bidder certifies that neither he nor the firm, corporation, partnership or institution represented by the signatory or anyone acting for the firm bidding this project has violated the antitrust laws of this State, codified at Section 15.01, et seq., Texas Business and Commerce Code, or the Federal antitrust laws, nor communicated directly or indirectly the bid made to any competitor or any other person engaged in the same line of business, nor has the signatory or anyone acting for the firm, corporation or institution submitting a bid committed any other act of collusion related to the development and submission of this bid proposal. Signature: Printed Name: Title: Company: Date: SUBSCRIBED and sworn to before me the undersigned authority by the of, on behalf of said bidder. Notary Public in and for the State of Texas My commission expires: Page 29 of 31 APPENDIX F SB 252 CHAPTER 2252 CERTIFICATION I, , the undersigned an representative of (Company or Business Name) being an adult over the age of eighteen (18) years of age, pursuant to Texas Government Code, Chapter 2252,Section 2252.152 and Section 2252.153, certify that the company named above is not listed on the website of the Comptroller of the State of Texas concerning the listing of companies that are identified under Section 806.051, Section 807.051 or Section 2253.153. I further certify that should the above-named company enter into a contract that is on said listing of companies on the website of the Comptroller of the State of Texas which do business with Iran,Sudan or any Foreign Terrorist Organization, I will immediately notify the City of Port Arthur Purchasing Department. Name of Company Representative (Print) Signature of Company Representative Date Page 30 of 31 APPENDIX G House Bill 89 Verification (Person name), the undersigned representative (hereafter referred to as "Representative") of (company or business name, hereafter referred to as "Business Entity"), being an adult over the age of eighteen (18) years of age, after being duly sworn by the undersigned notary, do hereby depose and affirm the following: 1. That Representative is authorized to execute this verification on behalf of Business Entity; 2. That Business Entity does not boycott Israel and will not boycott Israel during the term of any contract that will be entered into between Business Entity and the City of Port Arthur; and 3. That Representative understands that the term "boycott Israel" is defined by Texas Government Code Section 2270.001 to mean refusing to deal with, terminating business activities with, or otherwise taking any action that is intended to penalize, inflict economic harm on, or limit commercial relations specifically with Israel, or with a person or entity doing business in Israel or in an Israeli-controlled territory, but does not include an action made for ordinary business purposes. SIGNATURE OF REPRESENTATIVE SUBSCRIBED AND SWORN TO BEFORE ME, the undersigned authority, on this day of , 20 Notary Public Page 31 of 31