Salt Lake City

  • CAPITAL ASSET DEVELOPMENT MANAGER

    Requisition ID
    2018-3779
    Department
    COMMUNITY AND NEIGHBORHOODS
    Minimum Salary
    USD $62,965.00/Yr.
    Maximum Salary
    USD $85,996.00/Yr.
    Post End Date
    9/27/2018
    Location
    US-UT-Salt Lake City
  • Overview

    Under the general guidance of the Director and Deputy Director of the Housing and Neighborhood Development, plans, organizes and implements property development strategies. Initiates project proposals, supervises construction processes, and ensures financial accountability of projects. Key strategic advisor to HAND leadership on property development; plays key leadership role in the execution of City property development.

     

    This is a professional level position; essential to this position is the ability to independently negotiate major political and fiscal property development projects.

    Responsibilities

    • Prepares Requests for Proposals and negotiates contracts with architects, developers, property owners, etc. Develops selection criteria for approval by the Administration and recommends selection based on approved criteria Supervises implementation, administration, and close-out of projects.     
    • Researches and underwrites proposed development projects and makes recommendations to the Director, Mayor’s Office and City Council. Coordinates the implementation of approved projects by securing bids, negotiating with developers and property owners, and reviewing, revising, and recommending contractual documentation.
    • Serves as a developer liaison ensuring development projects receiving City funds have maximum financial and public benefit. Performs long-range financial analysis of proposed projects and the impact to the community.
    • Manages and assists in preparation of site development and land use plans and studies in support of development projects.
    • Coordinates and/or facilitates various meetings with community-based organizations, commercial developers, governmental agencies, City departments, and the general public for involvement in the planning and execution of property development projects.
    • Manages and leads City asset development strategies for the Division
    • Serves as a team leader or as a key organizational resource to others on assigned project implementation teams. Assigns general project duties to team members and facilitates the team’s ability to meet project goals and time lines. Makes recommendations to the Director regarding project decision path, methods and progress.
    • Works closely with City Departments and Division to ensure development projects are in line with City Policies and Plans.
    • Provides consultation and direction for assigned development staff.  Mentors and trains assigned staff on project procedures, methods, alliances and potential property development opportunities.   Makes recommendations on staff training programs to address identified issues related to morale, motivation, performance, and recruitment. Makes recommendations to the Director regarding staff evaluations, and disciplinary actions.
    • Prepares and presents information on current and proposed projects to City Council and Mayor.
    • Represents the Housing and Neighborhood Development Division as necessary at various meetings and organizations (e.g., Downtown Alliance, NAHRO).

    Qualifications

    • Bachelor's degree in Business Administration, Finance, Public Administration, Urban Planning, Real Estate Development, or related field plus five (5) years of related experience. One year of supervisory experience required.  Education and experience may be substituted, one for the other, on a year-for-year basis.
    • Ability to interpret regulations and prepare findings and recommendations based upon those interpretations. Ability to understand and revise complex legal documents. Excellent writing and analytical skills.
    • Knowledge and ability to effectively manage activities associated with bonds, real estate financing, creating and reading pro formas.
    • Demonstrated proficiency with personal computers, financial calculators, as well as spreadsheet and word processing programs.
    • Ability to establish strategic development priorities and make decisions with minimum supervision.
    • Considerable human relations and communications skills. Must be able to obtain and disseminate information, advise and consult with developers, property owners and contractors, and negotiate resolutions to conflict situations
    • Possession of a valid driver’s license or driving privilege card.

    DESIRED QUALIFICATIONS:

    • Masters Degree in Social Sciences, MPA, Planning, or Real Estate.
    • Knowledge and skills associated with the management and development of public properties, including financing, development, leasing, disposition, and acquisition.
    • Professional Certification associated with real estate project management or real estate development
    •  Ability to review and analyze data regarding housing markets, financial markets, and community development trends.
    • Strong understanding of federal and state development and real estate policy.
    • Strong knowledge/understanding of Triple Bottom Line principles and practices
    • Knowledge and understanding of affordable housing, Brownfields or mixed-use developments and best practices.
    • Ability to effectively implement innovative approaches to project financing and leveraging of public resources; LIHTC, CRA financing and New Market Tax Credits knowledge preferred.

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