While the Nuns do not want to overly restrict the range of proposals submitted for consideration, the Nuns have dramatically decreased the anticipated property value in hopes that (1) a long-term ground lease might be considered which would increase the likelihood that the Nuns would retain ownership of the property while supporting a mission aligned use of the property or, alternatively, (2) by offering a discounted value to a new owner who may propose a use in alignment with the Four Dominican Pillars of Prayer, Study, Community and Service. The following is provided to assist Interested Parties in preparation of their proposals: • DISCOUNTED PROPERTY VALUE - Fifteen Million Dollars ($15,000,000) • GROUND LEASE: Terms to include a) an annual market rate return on the Discounted Property Value, (b) a personal guarantor, (c) an agreement to not have annual payments contingent on the proposed projects success, and (d) not being subordinated to future debt. • OTHER CONSIDERATIONS - To the extent the offer price or ground lease does not meet the Discounted Property Value, the proposer should provide a clear explanation for how the project's mission and/or alignment with the four Dominican Pillars of community, ministry (service), study, and prayer might justify said discount • CONTINGENCIES - Any and all contingencies should be clearly detailed, with a preference for limiting said contingencies • DEPOSIT STRUCTURE - To the extent contingencies exist and the feasibility period is extended, deposits should be significant, nonrefundable and released to the property owner throughout the proposed period. • OUTSIDE DATE FOR CLOSE OF ESCROW or LEASE TRANSITIONS - There is a preference for a close of escrow or lesae transition period within 60-90 days, as opposed to a lengthier period • EXPERIENCE - Demonstrated expertise and experience in the delivery of projects that compare to the proposed project • FINANCIAL STRENGTH - Proof of the financial resources required to successfully execute a project this nature and scope.