REQUEST FOR PROPOSALS FOR PURCHASE AND DEVELOPMENT OF CITY OWNED PARCEL IN DOWNTOWN MONTPELIER

The City of Montpelier is soliciting proposals from qualified individuals, firms, partnerships, and corporations for the purchase and development of a City-owned parcel located in downtown Montpelier. The City-owned parcel is located at 12-16 Main Street and is currently vacant land that was previously the site of a beverage and redemption center. The City’s asking price for this parcel is $440,000. The purpose of this RFP is to identify a developer with the interest, resources, and experience to purchase and develop the property into a desirable addition to downtown Montpelier. The Designated Downtown District and surrounding mixed-use districts provide a vibrant core to the City’s downtown and are popular tourism drivers. The City is amenable to entering into a development agreement with a qualified developer and may consider certain financial inducements in exchange for achieving mutually beneficial development outcomes.

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