The Guam Ancestral Lands Commission (hereinafter referred to as “GALC”) via its property manager, the Guam Economic Development Authority (hereinafter referred to as “GEDA”), is issuing this Request for Proposals (“RFP”) for an Exceptional Term Contract for the lease of property along the Tiyan Cliff Line, Municipality of Barrigada. The property consists of approximately 13,712 square meters in two contiguous parcels (the “Property”). The Property is located across from the Consolidated Transportation Services, Inc. (CTSI) freight forwarding facility, overlooking Tamuning and the Philippine Sea. The Property has potential for commercial or industrial use as it is located within proximity of the A.B. Won Pat Guam International Airport. The proposed Laderan Tiyan Parkway will be located in close proximity to the Property. If required, the offeror will be allowed to pledge the leasehold interest in the Property to secure financing. GALC intends to award a lease of the Property for a term of up to fifty (50) years with options to renew for up to an additional forty-nine (49) years to allow a prospective developer(s) to invest in the Property and profit from its investments. Such terms will be subject to negotiations based primarily upon the amount of time required by the lessee to satisfy financing requirements and recover and profit from investments. If a term of more than five years including extensions is proposed, the lease will require approval as an Exception Term Contract by the Guam Legislature pursuant to Public Law 34-99 (Section 5127, Chapter 5, Title 5 Guam Code Annotated). In submitting a proposal in response to this RFP, offerors signify that they acknowledge and understand this requirement.
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