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QUESTIONS AND COMMENTS FROM PROSPECTIVE BIDDERS 1. You mentioned the parking garage and the lifestyle center, one of the marking features there being an Aquarium, is that a requirement of this project? Not a specific requirement, we certainly are looking very positively at that type of lifestyle center. We are about to reconstruct the Newport Fishing Pier which is directly east of this development. Weare a beach community, that is one of our great assets, and we are looking for something that compliments that lifestyle here in the community. So an Aquarium will be very positively looked at. If you have an alternate proposal, we are certainly willing to look at it. 2. Will there be a weighted score assessed or will it be subjective? Ultimately everything is subjective, but we will try to look at it objectively as to what provides the City the greatest benefit, what provides the citizens the greatest recreational value, what element best enhances the City's image, those are the kind of things we are going to be looking at. This proposal request is purposely general to get the best opportunity for the City and so that in turn gives you a lot of creative opportunities. 3. The 30,000 square feet of retail space referred to in the RFP as the part of the retail component, what are you counting as part ofthe retail space? Is the Aquarium proposed to be part of the retail space, would the meeting areas be part of the retail space, how do you define retail? We are looking at additional unique retail space that could be something like a gift shop or restaurants that relates to the facility, but we are not necessarily going to be thinking of the facility itself as retail space. The concept is that we want to enhance that Town Center image and not just one facility, but unique facilities that give some diversity to the people coming to the area. 4. On the bid bond requirement, the 5% or no less than $3.5 Million, the 5% is the total project bond, what is the City's estimate of the total project cost? The numbers that we have been looking at are somewhere around $10 Million for the parking structure in the Park as the cost of construction, and anywhere from $25 Million to $45 Million for the lifestyle facility. 5. On the security itself, would a Letter of Credit qualify you, you don't list it in the RFP, you say Cashier's Check, Bond, etc., will an LC basically be acceptable? We have no objection, so yes. 6. On pages 12 and 13, you have key personnel, and you get pretty detailed on how low to go. At this preliminary stage of putting together a response for an RFP, it is highly unlikely that anyone is going to be able to identify the fire inspector, etc. How far realistically, at this stage of the process, is it for people to list key personnel? We don't want you to say you will build something and work out the details later. The idea of kind of burrowing down and giving that kind of information was to show that you have a plan. So, to the best of your ability, you are all facing the same situation, try to show us as much information as you can. If you can't, then just express that. Mandatory Pre-Submittal Conference QA 101510 (2) Page 2 of 5