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COMMERCE BUSINESS DAILY ISSUE OF JUNE 11,1997 PSA#1864

Department of Veterans Affairs, Office of Facilities Management, Asset and Enterprise Development Office (189), Washington, DC 20420

R -- DEVELOPER/OPERATOR SOURCES SOUGHT FOR THE ENHANCED-USE OUTLEASING OF TWO (2) PARCELS OF LAND AT VAMC DURHAM, NC FOR A MIXED USE DEVELOPMENT DUE 063097 POC Contact: Edward L. Bradley, III; Portfolio Manager, 202-565-4307 The Department intends to enter into a long-term Enhanced-Use of real property under VA's control and jurisdiction with a public or private developer/operator to finance and maintain a mixed-use development. As consideration for the long-term use of VA's capital assets, the Medical Center would receive space for facilities for primary care, research, and additional parking at no capital cost to VA. -- Through the Enhanced-Use authority, VA's intention is to lease certain two (2) parcels of land located at the southeast and southwest sections of the campus as well as existing parking facilities toa developer for the development of certain VA and non-VA uses. The Department anticipates that in permitting the developer to use VA property for certain specified non-VA uses which are compatible with the Department's mission and operations at the Medical Center under an Enhanced-Use lease, at reduced or no cost to VA, to address the VAMC's facility and operational deficiencies, as well as other benifits such as rental proceeds, discounts on the cost of operating and maintaining VA facilities or space, or other "in-kind" consideration. The Department's objective is to obtain either within the development or on the remainder of the VAMC campus, the necessary space and/or services to address the VAMC's primary care, research and parking space deficiencies. -- The intent is to immediately pursue the development of this initiative through a subsequent Request for Proposal. If your organization is interested in participating in the solicitation process, please FAX a brief "Expression of Interest" to Mr. Ed Bradley, Asset & Enterprise Development, Facilities Management Office at (202) 565-5115 or call (202) 565-4307, on or before June 30, 1997. (0160)

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