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Public Higher Education Bulletin

 
University of Illinois at Urbana-Champaign
RFP #RFPBW2152018
Request for Proposal: Development Partner for Academic/Instructional Fac
Award Info Published Monday January 7, 2019
Awarded to:
Vendor: Vermillion Enterprises, LLC/Provident Resource Group owner, Chicago, IL
Amount: $95,000,000
Section: RFP for a concession (Unsuccessful, Responsive Respondents: 6)
Terms:  One-time transaction
Number of Unsuccessful, Responsive Respondents: 6
Comments:
This solicitation is awarded as a 40 year land lease and as a concession in accordance with 30 ILCS 500/53-25. Pursuant to that statute, the wholly owned subsidiary (limited liability company) -of Provident Resource Group, a national 501 (-c) 3 tax exempt organization, will be a lessee under the ground lease concession with the University. Provident Resource Group will engage the Developer (Vermillion Development of Chicago, Illinois) and the Developer will engage the contractor (Pepper Construction of Chicago, Illinois) and other design and construction professionals to develop, construct and operate the Project consisting of 125,000 sq. ft. instructional facility and ancillary academic support facility. The Project will be financed through bonds issued by the Illinois Finance Authority. The University will lease the facilities for the term of the financing, and will make an upfront contribution to support the tax exempt financing.
The State Purchasing Officer for this procurement is now John Knittle.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
First published Thursday, February 15, 2018
Sealed proposals will be accepted at the address below until 3:00 PM, Friday March 23, 2018:

807 S. Wright, Suite 340
Champaign, IL 61820

The University of Illinois at Urbana-Champaign (the "University") is soliciting qualifications and proposals from a qualified development team ("Developer") to finance, construct, own, and potentially mange instructional and research facilities (the "Project") located on the University's campus in Champaign, Illinois.

CONTACT INFORMATION:
Submit questions in writing via email to:
Bruce Walden, Director
bwalden@uillinois.edu

See the attached file for more information.

For additional information, contact:
Mary White
807 S. Wright, Suite 340
Champaign, IL 61820
Phone: (217) 244-8518
FAX: (217) 244-0882
State Purchasing Officer - John Knittle
There is a BEP goal for this procurement. See solicitation documentation for details. The contract(s) for this solicitation could exceed $50,000 annually.

This transaction is subject to the State Board of Elections registration and certification requirements of Public Act 095-0971.

The State of Illinois has a policy to encourage prospective vendors to hire qualified veterans, minorities, females, persons with disabilities and ex-offenders.

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Specification Documents
  • RFPBW2152018ad.pdf (8 MB)
Other Public Documents
  • RFPBW2152018QA.pdf (284 KB)
  • stateofIllinoisdisclosures.pdf (2 MB)