Professional Services

The vendor is required to provide from qualified firms to provide professional services related to the research and study of the continuation of the city authority.
- Determine ability and procedure to secure approval with all authorities for extending expiration of current city of authority
• No changes to boundaries
• No changes to taxing jurisdictions collected from
• Recommendation of number of years for extension
• Provide assistance to city staff to determine financial forecasts for such scenario
• Provide project task assignment chart and schedule including required actions with the city, taxing authorities and current and future authority board.
- Determine ability and procedure to secure approval with all authorities for extending expiration of current rh authority with boundary changes.
• Determine opportunities for expanding the borders and capital projects that may be added to the revised development plan.
• Determine financial impact to the authority tax increment financing (TIF) budget and each individual taxing jurisdiction.
• Provide project task assignment chart and schedule including required actions with the city council, state, taxing authorities and current and future authority board.
- Procedure to dissolve current city authority TIF district and establish a new authority TIF district.
• Determine procedure for expiration of current district including requirements of handling of fund balance.
• Determine possible target areas within city hills for new authority TIF district map.
• Determine procedure for creating a new authority TIF district including working with all/any state agencies and taxing authorities.
• Determine financial potential schedule for new authority TIF district.
• Provide project task assignment chart and schedule including required actions with the city council, state, taxing authorities and current and future authority board. - Update to by-laws
• The by-laws for the city authority have not been updated in years and regardless of which scenario the city decided to proceed with, the city would like to have the consultant prepare revised by-laws that incorporate staff recommendations, current legislation requirements, and any other recommendations based on the consultant’s experience with other best practices.
- Provide greater direction on allowable economic development expenditures for authority under public state policies:
• The law is vague in defining eligible expenditures, particularly economic development expenditures that align with the authority law’s goal of fostering economic growth and job creation.
• Knowing through this process, the city will be adopting a revised or new development plan and tax increment financing plan, it would be helpful to better understand examples of expenditures - non tangible, capital projects - that can be incurred by an authority - taking into consideration the language of the law and any policies adopted by state agencies that oversee TIF.
- Full approval process
1. City administration (as needed)
2. City council
3. Current authority board
4. Authority subcommittee
5. Taxing authorities’ board meetings
6. State of meetings.    
- Questions/Inquires Deadline: March 27, 2025