Evaluation of Proposals

(1) The Executive Director of the Bank shall be responsible for the evaluation of the proposals on the basis of the threshold and performance criteria. These evaluations shall specify in writing to the Board of Directors of the Bank: (a) for each evaluation criterion, a rating of each proposal as highly advantageous, advantageous, not advantageous or unacceptable; (b) a composite rating for each proposal, and the reasons for the rating; and (c) revisions which should be obtained by negotiation prior to accepting the proposal. (2) The Board of Directors of the Bank shall consider the evaluations of the Director and the net present value to be paid and terms thereof for the interest being disposed of. The Board shall then vote to authorize the Director to (a) accept a proposal as submitted; (b) award based on negotiation of specific points; or (c) reject all proposals. If the negotiation referred to in 946 CMR 2.04(2)(b) is unsuccessful, the Board may accept another proposal or authorize the Director to award based on further negotiations. If the Board selects a proposal that does not contain the highest price (net present value) offered for the interest, the Board shall publish its reason(s) for selecting another proposal in the Central Register. (3) The Bank recognizes that DCPO has general oversight authority over the disposition of State Surplus Lands, and that the General Court must approve any such disposition. Moreover, M.G.L. c. 7 contains numerous process requirements that must be adhered to prior to any such disposition, and the City or Town where such property is located may play a role in determining how such property is ultimately reused. (4) As a result, the involvement of any or all of these bodies in a particular disposition may necessitate altering the method for selection of a proposal outlined above. Any such alteration in the selection process for particular State SurplusLandsand thereasonsthereforeshall be contained in the applicable RFP and shall additionally be published in the Central Register at least 30 days prior to the issuance of said RFP.