HAR §19-170-46. Selection criteria

In selecting qualified persons to be the developer-lessee of all or any part of the Aloha Tower complex, the development corporation, through its board, shall be guided by the 170-30 3067 §19-170-46 following criteria: (1) Qualifications of developer-lessee: (A) Developer experience: (i) Major urban projects involving: (a) Hotel developments; (b) Office buildings and complexes; (c) Retail facilities and centers; (d) Recreation/entertainment uses with large public open spaces; (e) Waterfront locations. (ii) Success of comparable undertakings related to the following: (a) Economic success (high occupancy, high quality tenancies, favorable refinancing experience, etc.); (b) Overall design quality; (c) Successful operation in urban and waterfront settings, with emphasis on quality maintenance. (iii) Working relationships with and personal contacts with major hotel operators; (iv) Timeliness of performance; (v) Demonstrated ability to undertake redevelopment projects and to respond to public objectives. (B) Management experience of the key use categories: (i) Success of major projects involving one or more similar uses; (ii) Experience in operating developments in urban settings; (iii) Success in achieving high quality project maintenance standards. 170-31 3067 §19-170-46 (C) Project architecture and design experience: (i) Major mixed-use projects; (ii) Waterfront projects; (iii) Projects in urban settings; (iv) Overall architectural and landscape design quality; (v) Joint public/private projects. (D) Financial capability of developer: (i) Ability to raise equity/debt funds including current relationship with major lenders; (ii) Ability to provide for operation and maintenance; (iii) Resources and tenacity ("staying power"). (E) Organization/management approach: (i) Clear lines of responsibility within the developer's organization that the development corporation can rely on to be responsive and effective; (ii) Track record in real estate development; (iii) Availability of a full-time representative of the developer in Honolulu during the development of the project. (F) Qualifications of key personnel: Qualifications and experience of key persons and entities associated with the developer. (G) Other factors as appropriate for specific development information submitted. (2) Merits of proposal: (A) Fulfillment of and responsiveness to project objectives as outlined in §19-170-38 above; (B) Overall strength of development team: (i) Economic and management strength of the developer-lessee and 170-32 3047 §19-170-46 development team and quality of guarantee of land lease rent payable to the development corporation; (ii) Experience of designated architectural consultants in major hotel, mixed-use and waterfront projects in a downtown setting as evidenced by overall architectural and urban design quality in previous projects; (iii) Experience and strength of other key consultants/specialists designated to be part of the development. (C) Project economics: (i) Development feasibility and likelihood of orderly and rapid implementation; (ii) Responsiveness to economic factors affecting key components of the proposal; (iii) Quality of development components. (D) Architectural and design quality: (i) Overall quality of design; (ii) Ability of design concept to reinforce public improvements; (iii) Conformance with development objectives and the design manual; (iv) Imagination and creativity in the organization of components; (v) Appropriateness of image and character. (E) Ability to conform with development schedule: (i) Date of project financing; (ii) Date for start of construction; (iii) Development construction and schedule; (iv) Anticipated date of completion. (3) Benefits to State of Hawaii: (A) Project revenue; 170-33 3047 §19-170-46 (B) Tax revenue; (C) Public improvements such as open space, infrastructure and other amenities; (D) Other benefits. [Eff MAY 5 2013] (Auth: HRS §206J-5(a)(5)) (Imp: HRS §§206J-5(a)(8)&(9), 206J-11)