Received, met the qualifications area the next that was to review the cmd forms and make sure they met the lbe requirements. Again, they all met the requirements. The proposals had to score 45 points or more to be invited to the next phase. Five of the seven firms scored over 75 points and were invited to the next phase. The oral interviews were also worth 100 points. The most qualified respondents were the top two firms. This light shows the final top. We therefore recommend contract award to the top three scoring firm which are esa cdim venture, sca environmental and aew engineering. They have not been any project through regarding evolution. We have here with us, some representation from the winning teams. [please stand by] commissioners, this slide shows the l. P. E. Participation. We are pleased to show that the contractors from this contract there was is almost 60 of that. This is scheduled for completion in late 2020. In conclusion, commissioners, we expect that you reward the p
[inaudible] on the submittal due date which was may 31, we received seven proposals we had proposals. The first step in the process was to review each proposal for compliance for qualifications. All seven proposals, that we received, met the qualifications area the next that was to review the cmd forms and make sure they met the lbe requirements. Again, they all met the requirements. The proposals had to score 45 points or more to be invited to the next phase. Five of the seven firms scored over 75 points and were invited to the next phase. The oral interviews were also worth 100 points. The most qualified respondents were the top two firms. This light shows the final top. We therefore recommend contract award to the top three scoring firm which are esa cdim venture, sca environmental and aew engineering. They have not been any project through regarding evolution. We have here with us, some representation from the winning teams. [please stand by] commissioners, this slide shows the l.
Again, they all met the requirements. The proposals had to score 45 points or more to be invited to the next phase. Five of the seven firms scored over 75 points and were invited to the next phase. The oral interviews were also worth 100 points. The most qualified respondents were the top two firms. This light shows the final top. We therefore recommend contract award to the top three scoring firm which are esa cdim venture, sca environmental and aew engineering. They have not been any project through regarding evolution. We have here with us, some representation from the winning teams. [please stand by] commissioners, this slide shows the l. P. E. Participation. We are pleased to show that the contractors from this contract there was is almost 60 of that. This is scheduled for completion in late 2020. In conclusion, commissioners, we expect that you reward the port as needed for this contract. [indiscernible] im joined by our Planning Department. We are available to answer your questi
[inaudible] on the submittal due date which was may 31, we received seven proposals we had proposals. The first step in the process was to review each proposal for compliance for qualifications. All seven proposals, that we received, met the qualifications area the next that was to review the cmd forms and make sure they met the lbe requirements. Again, they all met the requirements. The proposals had to score 45 points or more to be invited to the next phase. Five of the seven firms scored over 75 points and were invited to the next phase. The oral interviews were also worth 100 points. The most qualified respondents were the top two firms. This light shows the final top. We therefore recommend contract award to the top three scoring firm which are esa cdim venture, sca environmental and aew engineering. They have not been any project through regarding evolution. We have here with us, some representation from the winning teams. [please stand by] commissioners, this slide shows the l.
Many things have changed. Investors are asking for higher yield given what they have seen. And given that this development is not just a hotel by itself, but it will include space for dinner theatre, as well as Public Open Space, the file was different for the investor. Investor said, you know, they requirement needs to be a little bit more than what i agreed to. The developer asked us to increase the internal rate of return, and the participation changed from 70, 30 split with the port to change it to 80, 20. So we push back and we negotiated, and what we identified has changed eyes increasing the internal rate of return and that is listed in the slide from number 1 through number 5. [please stand by] year ten and youre 20, that is where we really see a separation between what the part would have achieved in terms of lease revenue from parking, being much below what we would act the Hotel Operation will be doing at that point in time. Looking at it on a net present term. Just for the