KEY ELEMENTS OF VENTURE
1. Locate Property with current low “sale value” (underutilized) but with high potential “value added” through the 3-steps of “Entitlement” {(i.e. (1) GPA/Rezoning/SSA; (2) SPA/TM/EIR; (3) FM/GP/IP}.
2. Look for unique added opportunities based on border, transportation, energy, water or other special infrastructure agencies.
3. Perform a multi-stage appraisal of the target property: {i.e. (1) value today “as is”; (2) value with 1st level entitlements approved; (3) value with 1st & 2nd level entitlements approved; (4) value with 1st/2nd/3rd level entitlements approved; (5) value with land development improvements in place; (6) value with project site built out… with commercial/residential/institutional development + environmental mitigation.
4. Prepare estimate of total costs needed to advance the project entitlement/development through each stage: {both soft costs (consultant/processing fees) and hard costs (construction/contingency expenses)}.
5. Prepare property valuation matrix analysis on Subject Property to spread best case valuation of project to individual parcels.
6. Prioritize sequence of “option acquisition efforts” and establish contingency plan to secure necessary control of critical properties.
7. Identify capital requirements necessary to initiate property control and first stage planning, and identify resources necessary to accomplish level one entitlement approval.
8. Approach “pre-identified capital resources” and present the most appropriate “business model” to them, under an NDA.
9. Once a commitment of capital fund backing has been secured (with a preferred return plus equity participation back to the investor), approach property owners to secure their agreement to a base line “as-is value” with option payments (up to three years) to vest exclusive rights of purchase with RVP and with a shared 1/3rd equity return for any step up in value above the as-s value plus all incurred costs to achieve the step one entitlement.
10. RVP will act as program manager and project applicant for all entitlement efforts during the course of work, and will employ key consultants as needed to accomplish this work from their stable of experts.
11. Similar shared equity returns will be available to the property owner and the capital investment partner at the conclusion of 2nd and 3rd level entitlement, should the project go that far.
12. At the appropriate point in the entitlement process, RVP will engage in negotiations with qualified developers/builders to purchase the property at its most current “stepped up” value, and then will continue, as needed, to help facilitate final construction and permitting of the project.
2. Look for unique added opportunities based on border, transportation, energy, water or other special infrastructure agencies.
3. Perform a multi-stage appraisal of the target property: {i.e. (1) value today “as is”; (2) value with 1st level entitlements approved; (3) value with 1st & 2nd level entitlements approved; (4) value with 1st/2nd/3rd level entitlements approved; (5) value with land development improvements in place; (6) value with project site built out… with commercial/residential/institutional development + environmental mitigation.
4. Prepare estimate of total costs needed to advance the project entitlement/development through each stage: {both soft costs (consultant/processing fees) and hard costs (construction/contingency expenses)}.
5. Prepare property valuation matrix analysis on Subject Property to spread best case valuation of project to individual parcels.
6. Prioritize sequence of “option acquisition efforts” and establish contingency plan to secure necessary control of critical properties.
7. Identify capital requirements necessary to initiate property control and first stage planning, and identify resources necessary to accomplish level one entitlement approval.
8. Approach “pre-identified capital resources” and present the most appropriate “business model” to them, under an NDA.
9. Once a commitment of capital fund backing has been secured (with a preferred return plus equity participation back to the investor), approach property owners to secure their agreement to a base line “as-is value” with option payments (up to three years) to vest exclusive rights of purchase with RVP and with a shared 1/3rd equity return for any step up in value above the as-s value plus all incurred costs to achieve the step one entitlement.
10. RVP will act as program manager and project applicant for all entitlement efforts during the course of work, and will employ key consultants as needed to accomplish this work from their stable of experts.
11. Similar shared equity returns will be available to the property owner and the capital investment partner at the conclusion of 2nd and 3rd level entitlement, should the project go that far.
12. At the appropriate point in the entitlement process, RVP will engage in negotiations with qualified developers/builders to purchase the property at its most current “stepped up” value, and then will continue, as needed, to help facilitate final construction and permitting of the project.