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EXTRA-13449 - USA (Vancouver, Washington) - Tax Increment Financing Consultant Service - Deadline August 11,2021

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: EXTRA-13449

Government Authority located in Vancouver, Washington; USA based organization looking for expert vendor for tax increment financing consultant service.

[A] Budget: Looking for Proposals

[B] Scope of Service:

(1) Vendor needs to provide tax increment financing consultant service to the government authority located in Vancouver, WA.
1. Create and Manage Project Analysis
• A statement of objectives of the port for the designated increment area
• A statement as to the property within the increment area, if any, that the port may intend to acquire;
• The duration of the increment area;
• Identification of all parcels to be included in the area;
• A description of the expected private development within the increment area, including a comparison of scenarios with the proposed public improvements and without the proposed public improvements;
• A description of the public improvements, estimated public improvement costs, and the estimated amount of bonds or other obligations expected to be issued to finance the public improvement costs and repaid with tax allocation revenues;
2. Create and Manage Public Briefing
- Prior to adopting the resolution authorizing the increment area, the agency must hold at least two public briefings for the community solely on the tax increment project that include the description of the increment area, the public improvements proposed to be financed with the tax allocation revenues, and a detailed estimate of tax revenues for the participating local governments and taxing districts, including the amounts allocated to the increment public improvements.
3. Create the Ordinance known as a Resolution
• The public improvements proposed to be paid or financed with tax allocation revenues are expected to encourage private development within the increment area and to increase the assessed value of real property within the increment area;
• Private development that is anticipated to occur within the two-increment area as a result of the proposed public improvements will be permitted consistent with the permitting jurisdiction's applicable zoning and development standards;
• The private development would not reasonably be expected to occur solely through private investment within the reasonably foreseeable future without the proposed public improvements; and
• The increased assessed value within the increment area that could reasonably be expected to occur without the proposed public improvements would be less than the increase in the assessed value estimated to result from the proposed development with the proposed public improvements.
4. Create and Manage Project Timeline
• Prepare all necessary information and create the ordinance or resolution for approval by the port’s commission
• Prepare all necessary information, coordinate with the agency, advertise and manage 2 public meetings as required by the enacted legislation.
• Create and publish in the local newspaper all required information per the legislation.
(2) All questions must be submitted no later than August 2, 2021.

[C] Eligibility:

- Onshore (USA Organization Only);

[D] Work Performance:

NA

Expiry Date : Wednesday, 11 August, 2021

Question Answer Deadline : Monday, 2 August, 2021

Category : Professional, Consulting, Administrative or Management Support Services

Country : USA

State : Washington

Cost to Download This RFP Document : $ 5

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