Business Retention and Development Committee Agenda and Packet 2013 03 04

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� D FasTracks Talking Points North Metro Project Unsolicited Proposal (February 22, 2013) • RTD has received an unsolicited proposal from for the North Metro Rail Project. • The proposal, which is conceptual and confidential, was submitted by a team led by Graham Contracting Limited on February 22. RTD staff will review the proposal consistent with the agency's Unsolicited Proposals Policy to determine if the proposal has merit. • If it is found to be viable, RTD will then pursue a competitive procurement process and release a Request for Proposals for competing proposals, consistent with RTD's policy and previous announcement to release an RFP later this year. • In January, RTD announced it would release an RFP later this year to build North Metro up to 72nd by refinancing some of agency's debt, issuing new sales tax bonds and using available local funds. So, whether through RTD's initial plan or this unsolicited proposal process, RTD plans to release an RFP for the North Metro Line this year. • The initial proposer and any other interested teams would then have the ability to submit a detailed proposal. • Additional information will be available following the staffs preliminary evaluation of the proposal. • Over the past two years, RTD has been very public with its "call for innovation" to the private sector asking for solutions to help RTD complete the partially funded FasTracks projects as soon as possible. This was the premise behind RTD's first industry forum called, Transformation Through Transportation, which was held Tuesday, Sept. 27, 2011. • RTD's goal was that this "call for innovations" would encourage companies to think outside the box and approach RTD with ideas to invest in our projects to get them done sooner rather than later.