Md. Code Regs. 11.07.09.05 - Terms and Conditions
A. The
Authority is not liable for and may not reimburse any costs incurred by a
proposer, regardless of whether the proposer's vehicle parking facility project
proposal is selected.
B. Any
information the Authority makes available to a proposer shall be as a
convenience to the proposer without representation or warranty of any
kind.
C. A proposer may not rely
upon oral responses to inquiries. If a proposer has a question regarding this
chapter, the proposer shall submit the question in writing to the Executive
Director and the Authority shall provide written answers.
D. The Authority reserves the right, at any
time, to:
(1) Reject any vehicle parking
facility project proposal;
(2)
Terminate evaluation of any vehicle parking facility project
proposal;
(3) Suspend, discontinue,
or terminate vehicle parking facility project agreement negotiations with a
proposer;
(4) Request or obtain
additional information about a vehicle parking facility project
proposal;
(5) Decline to return any
fees required of proposers under this chapter; or
(6) Complete a proposed vehicle parking
facility project as a public project, using a plan or financial structure
different from that proposed by a private entity.
E. The Authority may establish, from time to
time, detailed guidelines containing underwriting standards, architectural and
engineering review, and other requirements or matters relating to the financing
of vehicle parking facility projects.
Notes
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