Haw. Code R. § 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 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.
(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 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;
(B) Tax revenue;
(C) Public improvements such as open space,
infrastructure and other amenities;
(D) Other benefits.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.