Selection of Development Proposals for State Surplus Lands

946 CMR 2.00 sets forth the criteria by which the Bank will determine the acceptability of proposals from private individuals or entities for the development of State Surplus Lands being disposed of by the Bank when utilizing a competitive disposition process. 946 CMR 2.00 also articulate the method bywhichdecisions related to such dispositions shall be made. All selection criteria will be articulated and included in any request for proposals ("RFP") regarding Surplus State Lands being disposed of by the Bank through a competitive process. The selection criteria are divided into three sections. 946 CMR 2.03(1) lists threshold criteria which must be satisfactorily included in a proposal in order for that proposal to receive further consideration. 946 CMR 2.03(2) lists performance criteria that will determine which of the proposals meeting the threshold criteria is most advantageous for the Bank and the Commonwealth. 946 CMR 2.03(3) lists the price and terms to be paid for the interest being disposed of by the Bank. Due to the diverse nature of State Surplus Lands that may be disposed of pursuant to 946 CMR 2.00, as well as the types of development proposals to be considered with regard thereto, it may be necessary, on a case by case basis, to add or delete threshold and performance criteria, or to shift criteria listed as performance criteria into the category of threshold criteria or vice versa. Any such variance in the criteria categories and the reasons therefore shall be articulated in writing in the specific RFP. AllRFP's prepared bythe Bank in connection with the disposition of State Surplus Lands utilizing a competitive process will indicate which of the performance criteria reflect areas of greatest concern and hence will be given greater consideration than others.