Project Description: The City seeks to enter into a public-private partnership to redevelop City-owned land located at the corner of Kupuohi Street and Kupuna Loop (the “Property”), through a qualified person(s) and/or firm(s) who meet the qualifications described herein (each, an “Offeror”). At its sole discretion, the City may select one Offeror to redevelop the Property. The selected Offeror will become a Preferred Negotiating Partner and enter into an exclusive negotiation period with the City to finalize the terms of a Development Contract and form of Ground Lease. Subject to the successful conclusion of the negotiations, the Preferred Negotiating Partner may become the Development Partner by entering into a binding Development Contract and Ground Lease with the City for the design, construction, and operation of an affordable rental housing project on the Property.