Viking Development David Ebenal

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VIKING DEVELOPMENT, LLC

Premier waterfront property in the greater Seattle area of Bellingham, Washington

DOWNTOWN WATERFRONT REDEVELOPMENT

REQUEST FOR PROPOSALS

2. Vision, Goals & Development Concept

Viking Development, LLC

A LUXURY REAL ESTATE DEVELOPMENT COMPANY

Table of Contents

1.

Introduction

3. Capability of Development Team

4. Proposed Transaction Structure

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Request for Proposals — Downtown Waterfront Redevelopment

Ms. Lydia Bennett,

Viking Development, LLC

A LUXURY REAL ESTATE DEVELOPMENT COMPANY

Lydia Bennett

Business Development Director

Port of Bellingham

1801 Roeder Avenue

Bellingham, WA 98225

July 10, 2013

Please accept this letter as my sincere interest in working with The Port of Bellingham to purchase

Parcel 1 and 2 as specified in The Initial Development Opportunity and RFP Package solicited by

The Port of Bellingham on Wednesday, May 15th, 2013. Given the success of the rapidly expanding

Bellingham International Airport as well as the vision and goals set forth for the redevelopment of

the waterfront and presented by both The Port and City of Bellingham, now is the time to deliver a

dramatic and diverse development that will provide a unique and widely recognized waterfront

experience all while protecting and enhancing environmental, historic and cultural resources along

the waterfront.

This project is long overdue and I could not be more excited about my vision for an upscale, stylish,

grand hotel where form and function come together and meet the needs of today’s business and

leisure travelers while mixing first class amenities. Bellingham is a 90 minute drive north from Seattle

and a 25 minute drive south from the US/Canadian border along Interstate-5, which connects the

Canadian province of British Columbia to Washington, Oregon, California and Mexico. One of the

largest economic drivers is Bellingham’s close proximity to Canada where cross-border trade

provides a significant portion of Bellingham’s economic base. I intend to capitalize on this by

incorporating both Class A office buildings with mixed use for more of an urban feel.

Again, I would like to express my sincere interest and excitement to provide you with this

qualification packet and would very much like to be the master developer of choice for parcels 1 and

2 of this one of a kind, irreplaceable real estate on beautiful Bellingham Bay.

Thank you for your time and consideration.

Sincerely,

David Ebenal

Viking Development, LLC

Managing Member

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2. Vision, Goals &

Development Concept

Create an international, family-oriented tourism destination with 4-season ambience and

functionality while improving pedestrian circulation, safety and enjoyment by:

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Viking Development, LLC

A LUXURY REAL ESTATE DEVELOPMENT COMPANY

PORT OF BELLINGHAM

Downtown Waterfront Redevelopment

Vision and Goals

REDEVELOPMENT VISIONS

`A DESTINATION”

• uevelopmg a Urand Hotel to link the waterfront and downtown Bellingham

•

Marketing the new “Clean Ocean” transient marina and offering amenities, accommodations

and visitor moorage for transient boaters

•

Develop the site and area as an “entrance” or “gateway” into Bellingham

•

Develop “specialty” retail or “unique” retail experience

•

Develop an appropriate mix of land uses as the economy demands

•

Create a visitors information center and link with current trails, pedestrian walkways and

other methods of transportation.

•

Assist with the creation and implementation of festival sites that complement the proposed

soft bank beaches, parks and marina.

•

Develop interior public spaces like atriums that can be used during the fall and winter

seasons

•

Create a single festival location that can be used year-round and connect to other

attractions/retail via enclosed walkways

•

Establish a residential population base year round

•

Develop appropriate mix of family-oriented recreational/entertainment/retail uses

•

Encourage the development of Pedestrian Bridges and Esplanades and connect with

interurban trails

•

Establish a comprehensive directional signage system geared to pedestrians and tourist

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facilities (baseball/soccer fields, basketball courts) for our youths day to day activities

• Preserve and enhance some existing architecture and attractions

Viking Development, LLC

A LUXURY REAL ESTATE DEVELOPMENT COMPANY

`A UNIQUE FLNVIORNMENT”

The Bellingham Waterfront will provide interest and variety for visitors by including two distinct

water resources; Bellingham Bay and Lake Whatcom and the protection and enhancement of the

waterfront is a critical step in the redevelopment visions:

• Maintaining views and vistas to and from the bay and lake

• Establish and maintain public access to the waterfront

•

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• Develop new commercial/retail opportunities on the Port Site that complement the various

operations and regional draw of the area as well as the existing commercial in Downtown

Bellingham

• Develop new commercial/retail opportunities that create exciting, new riverfront ambience

• Market and promote the area as a unique international tourism experience and destination

GA1EWAY”

Situated on beautiful Bellingham Bay, it will function as a gateway to a full range of attractions,

services and amenities within the harbor, city and the region:

• Develop the two sites keeping in mind that the Bellingham Waterfront is a major

transportation and tourism gateway to Canada and the lower 49 States.

• Work with the Port to accommodate and assist if needed with the development of a

transient marina, boat docks and slops and boat launches to accommodate boaters

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• Establish and maintain public access to the waterfront

Viking Development, LLC

A LUXURY REAL ESTATE DEVELOPMENT COMPANY

`FUT ,T ,Y CONNECTED”

It will provide user-friendly, thematic and exciting linkages that connect attractions, services and

amenities to each other and to the surrounding neighborhoods:

• Accommodate eventual establishment of a village shuttle system and possible additional

ferry services

• Develop a bus shuttle system to move visitors from parking to attractions

• Establish village jitneys, carriage rides and even water taxis

• Connect streets neicrfillorbonds and districts tr, Par-11 es1-11c•r oc ‘‘Tral

“IV/DELY RECOGNIZED”

It will be locally, regionally, nationally and internationally recognized as a unique resource and

attraction and will put Bellingham “on the map” as a tourist destination community for the

following reasons:

• Shipping Terminal

• Mixed-Use Neighborhoods

• Western Washington University

• Georgia Pacific Tissue Mill

• Proposed Cultural Events Center

• New “Clean Ocean” Marina

• Waterfront Parks & Public Access

• Pedestrian Bride and Trails

• New Marine and Industrial Jobs

• Visitor Moorage

• Public Beach Access

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• Develop an appropriate mix of uses

• Assist with the development and implementation of the new “clean ocean” marina

Viking Development, LLC

A LUXURY REAL ESTATE DEVELOPMENT COMPANY

`DRANIATIC AND DIVERS H”

It will contain dramatic and diverse built, historic and natural environments offering a wide variety

of attractions and amenities to a broad spectrum of residents and visitors:

• Establish appropriate village scale/massing for buildings (heights, facades broken up,

dormers, roof lines, building materials, narrow streets, sidewalks everywhere)

• Create buildings with window storefronts, awnings, and high scale signs and lighting

• Establish consistent public streetscape design theme with high scale details

• Work with The Port of Bellingham to allow public boat launches at appropriate locations

• Work with The Port to develop public beaches and improve attractiveness of existing

beaches along Bellingham Bay

REDEVELOPMENT GOALS

1.

To INCREASE regional tourism in Bellingham (develop regional tourism destination

attraction)

2.

To IMPROVE the image of Bellingham and IMPROVE the quality of life for all locals

(develop local use and enjoyment of resources and create/enhance family-entertainment)

3.

To T .F.VERAGE market-driven, private and/or tourism-related development and to

increase job creation (create a critical mass and variety of uses that build upon each other

and promote/encourage other investments).

4.

To PRUIECI’ and ENHANCE environmental, historic and cultural resources along our

waterfront (create/enhance a four-season destination attraction that builds upon the history

of the area).

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3. Capability of

Development Team

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Development, LLC to pursue planning and development opportunities within the United States. The

Ebenal’s also plan to partner with various Consultants, Architects and Developers within Washington State

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Viking Development, LLC

A LUXURY REAL ESTATE DEVELOPMENT COMPANY

Capability of the Development Team:

Since 1980, David C. and Bonita Ebenal have owned and operated various companies which focus on large

scale construction projects and real estate development including planning, economic development, and real

estate development in both the public and private sectors. David and Bonita also participate in selected real

estate investment opportunities. The Ebenal’s are currently principals in a number of high profile

developments projects where they are responsible for property acquisition, development planning, and

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Key Individuals:

DAVID EBENAL

BONITA EBENAL

Managing Member &

Member, Financial Planner and

Primary Developer

Accountant

PRIMARY RESPONSIBILITIES

The team is extremely well rounded, each member having distinct separate responsibilities!

David Ebenal

David Ebenal will be the lead development partner and managing member of the LLC. His primary

role will be entitlement, construction and development. His focus will be to work with his partners

(Port of Bellingham and City of Bellingham) to build an award winning building just as soon as

possible.

Bonita Ebenal

Bonita Ebenal will be the CFO of the organization. Bonita graduated from the University of

Georgia and majored in business accounting and has worked for the Georgia Department of Audits

as an auditor and currently owns and manages 37 LLC’s and various business ventures.

All of the team’s resumes are enclosed for your reading pleasure.

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responsible for property acquisition, development planning, and

business plan development. Mr. Ebenal has entered into strategic

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TITLE:

President / Developer / Estimator / Project Manager

Bellingham, WA * (360) 319-0898  

Since

1980, David C. Ebenal has owned and operated various

companies which focus on large scale construction projects and

real

estate

development including planning, economic

development, and real estate development in both the public and

private sectors.

David C. Ebenal also participates in selected real estate

investment opportunities. Mr. Ebenal is currently a principal in a

number of hi.gh profile development projects where he is

and development opportunities within the United States.

DEVELOPMENT EXPERIENCE

Bellwether Gate – Bellingham, WA

The Bellwether Gate & Nautical Point Developments are nestled

between beautiful Bellingham Bay and the Bellingham Harbor.

David Ebenal has partnered with the Port of Bellingham to

acquire a long term land lease and develop four separate mixed

use buildings, underground parking garages and plenty of green

space.

Bellwether Buildings A, B, C are comprised of over

112,000 square feet and include a shared

61,840 square foot

underground parking garage. The Bellwether Buildings are over

90% occupied and include anchor tenants such as CH2M Hill,

Wells Fargo, General Services Administration

(GSA), Subway,

Wells Fargo Bank, Giuseppe’s Italian Restaurant and numerous

other tenants. Bellwether Gate Building D is slated to begin

construction in the spring of 2013.

Waldron Young Building — Fairhaven, WA

Originally constructed in

1870, David Ebenal purchased the

Waldron Building in Historic Fairhaven and worked with various

municipalities and design review boards over a number of years

to bring this Historic Renovations to life. The Young Building is a

new 4 story brick building constructed on the parcel next door

and joined by a breezeway. Combined, these two buildings are

over 79,000 square feet and share a 36,000 square foot parking

garage. Owned and operated by David Ebenal, the Waldron Young

Buildings are comprised of more than 10 retail novelty shops, two

restaurants, and

28 high end residential condominiums, this

property is one of Fairhaven’s crown jewels.

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Fairhaven Heights- Bellingham, WA

The Fairhaven Heights Building is a mixed use building which

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Fairhaven Gardens – Bellingham, WA

The Fairhaven Gardens Building is a stylish European retail and

David C. Ebenal

residential building that was designed in three segments to give

the impression of three different buildings, adding to the old

village ambience of Historic Fairhaven. It’s award winning

exterior consists of a brick facade, pre-cast concrete window

dressings and French balconies. It features a unique “green roof’

design that can sustain plants, trees and grass, providing roof top

gardens for tenants to enjoy. The building has two levels of

underground parking and over 75,000 sq ft of space, including

10,000 sq ft of retail and 21 upscale condominiums.

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with great customer access and beautiful views of Bellingham Bay

from the Victorian style balconies and storefronts. Four spacious

and elegant condominiums are located above the retail space and

underground parking is provided below. Hallways, elevators and

the underground parking area are secured for owners and their

authorized guests. The building was built using heavy insulation

and electric heat pumps provide each unit with efficient heating

and cooling.

Bellingham International Airport Terminal Expansion

2001- Bellingham, WA

The Port of Bellingham was is dire need of more room. The Port of

Bellingham hired David Ebenal to enhance the exterior

appearance of their airport terminal and enclose an existing

open-air baggage claim area. This project involved extensive

exterior building envelope upgrades that included a new metal

roof, composite metal panel siding, veneer stone facing, wood

siding and a timber truss entry. The baggage claim remodel

required a 72 foot canopy extension increasing the claim area to

4000 square feet. The interior space required refinishing the

cement floor, interior painting and the relocation of the car rental

booths.

BUILDINGS DAVID EBENAL OWNS AND MAINTAINS

• Fairhaven Square – Bellingham, WA

• Fairhaven Heights – Bellingham, WA

• Waldron Young Building – Bellingham, WA

• Village Books Building – Bellingham, WA

• Bellwether Buildings A, B & C – Bellingham, WA

•

31 Residential Homes – Bellingham & Seattle, WA

•

35 Commercial Units

•

Storage Facility with 273 Units – Bellingham, WA

•

132,919 square feet of commercial tenant space

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Bonita L. Ebenal

160 North Shore Drive, Bellingham, WA 98226**360-738-1940**360-733-0969 fax

RESUME

Education:

1982-1986

University of Georgia. Major in Business, Accounting.

1989-1993

Georgia State University. Masters in Taxation

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Work Experience

1986-1993

Georgia Department of Audits.

Audit governmental agencies

1993-2010

Ebenal General Inc.

Responsible for accounting, project development, planning.

0% ownership.

1998-Present

Ebenal General Special Projects Inc.

Responsible for accounting, project management, estimating, management of employees,

supervision of field personnel, setting policies, making all decisions regarding purchases profits,

signing contracts and checks.

Review plans for estimating. Manage field personnel. Meet with owners and architects. Review

submittals. Track all paperwork for project.

Oversee accounting staff.

100 % ownership

2000-Present—own and manage property under following LLC’s.

50% ownership

Huntco, LLC

Meridian Pacific LLC

35th Street LLC

Village Books Development, LLC

Fairhaven Investments, LLC

Frances Lane, LLC

2008-2010- own and manage Asphalt company, Associated Asphalt, Inc. (sold May 2010)

Responsible for accounting, management of employees, setting policies, making decisions

regarding purchases profits, signing contracts and checks

Review submittals. Track all paperwork for project.

Oversee accounting staff

72% ownership

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Bonita L. Ebenal

160 North Shore Drive, Bellingham, WA 98226″360-738-1940**360-733-0969 fax

RESUME

Education:

1982-1986

University of Georgia. Major in Business, Accounting.

1989-1993

Georgia State University. Masters in Taxation

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Work Experience

1986-1993

Georgia Department of Audits.

Audit governmental agencies

1994-1995

Metcalf Hodges, CPA.

Prepared tax returns for clients

1993-Present

Ebenal General Inc.

Responsible for accounting, project development, planning.

1998-Present

Ebenal General Special Projects Inc.

Responsible for accounting, project development, planning

2000-Present

Owns and manages various rental properties and storage units

4 .Proposed

Transaction Structure

b. Project phasing:

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Viking Development, LLC

A LUXURY REAL ESTATE DEVELOPMENT COMPANY

PROPOSED TRANSACTION STRUCTURE:

The following are the key elements of our proposed transaction structure:

a.

Land area to be acquired:

Our interest is strictly a land purchase based upon agreed upon performance measure

with the City of Bellingham, Port of Bellingham and other shareholders.

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a. City / Port of Bellingham — Develop Streets, Parks and invest in the

aging infrastructure including rail, roads and bulkheads to bring them

up to modern standards and functionality.

b. Viking Development, LLC — Select various multifamily and

commercial projects to attract new residents and businesses to the

Bellingham Waterfront as the market dictates.

2.

Medium Term (3-9 Years) — Professionalize Service and Renovation and

Adaptive Re-use of Industrial Space.

a. City / Port of Bellingham – Explore ways to assist developers

through the use of various tools that may include financing and

zoning incentives, potential expansion of allowable uses, The Port of

Bellingham management strategies and other city actions.

b. Develop Grand Hotel, continue to develop multi-family with

emphasis on lower rent projects as well as continue commercial

development.

3.

Long Term (10+ Years) — Continue to densify and diversify the building

along Bellingham’s Waterfront and make it a widely recognized. Continue to

market The Bellingham Waterfront as a sustainable urban waterfront, and

increase the usage of its maritime assets.

c.

Purchase Price: We will pay Fair Market Value for all property sold or leased

d.

Earnest Money: We intend to negotiate a fair amount.

e. Timing and Transaction Commitment: Our desired closing date for all required

approvals is December 31, 2013.

f. Other: We have no other terms and conditions at this time.

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VIKING DEVELOPMENT, LLC.

P O. BOX 31548

BELLINGHAM, WA 98228

DOWNTOWN WATERFRONT REDEVELOPMENT

REQUEST FOR PROPOSALS

David C. Ebenal, Managing Member * Cell (360) 319-0898

* Email david@ebenal.com

From http://www.davidebenal.com/viking-ebenal/