[Ord. No. 1083-2007 §1, 10-4-2007]
A. It
shall be the policy of the City to consider the use of statutory redevelopment
incentives for those projects that demonstrate a significant public
benefit by eliminating blight or blighting influences, financing desirable
public improvements, strengthening the employment and economic base
of the City and other taxing jurisdictions, increasing property values,
reducing poverty, creating economic stability and facilitating economic
self-sufficiency.
B. The
City or the Commission shall solicit proposals with respect to the
implementation of each proposed redevelopment project, or the several
proposed redevelopment projects that are designed to implement a proposed
tax increment financing plan.
C. Each
request for proposals shall state the primary objectives of the proposed
redevelopment area or redevelopment project.
D. Each
request for proposals shall provide reasonable opportunity for any
person to submit alternative proposals or bids.
E. Each
request for proposals may be mailed to those persons or firms the
City or the Commission determines might be interested in submitting
a bid and shall be published in a newspaper of general circulation
in or serving the City. Each request for proposals shall provide at
least fourteen (14) days for the submission of a proposal. The City
or Commission may extend the time period during which proposals may
be accepted.
F. Each
person, business, firm, partnership or other combination of persons
or businesses that submits a proposal in response to a request pursuant
to this RFP policy shall be deemed an "applicant". Each proposal must
demonstrate that "but for" the use of tax increment financing, the
project is not feasible and would not be completed.
G. Criteria
for the selection of proposals will be based on the required elements
of a complete tax increment financing plan as set forth in the TIF
Act. The criteria for selection will include the impact of the proposed
project on the City and other taxing jurisdictions, including the
projected term for which tax increment financing will be utilized.
The City or the Commission may establish such additional criteria
as it deems appropriate for the selection of bids and proposals, which
shall be stated in the request for proposals and consistent with the
TIF Act.
H. At
the option of the City, proposals may be requested in the form of
a redevelopment plan which meets the requirements of the TIF Act and
addressing the items of information required in this RFP policy.
I. Each
applicant shall submit a fee of one thousand dollars ($1,000.00) with
each proposal (the "application fee"). The application fee will be
used by the City and the Commission to pay the costs incurred by the
City and the Commission in the review and evaluation of the application.
If multiple proposals are received and only one (1) chosen, those
applicants not chosen shall have the one thousand dollar ($1,000.00)
fee returned. At the option of the City, the application fee may be
waived in the event that the City has prepared a proposed TIF plan
that includes public improvements to be funded or financed by the
City as the primary redevelopment project costs. At the option of
the City and in addition to the application fee, an applicant may
be required to enter into a funding agreement with the City with respect
to the proposal covering the expenses of the City relating to review
and consideration of the proposal, including expenses incurred by
the City to engage consultants and special counsel.
J. Each
applicant that has prepared a complete tax increment financing plan
and submitted that plan to the City may respond to a request for proposals,
issued by the City or Commission pursuant to this RFP policy, by submitting
a written statement to the City which provides that the plan previously
prepared and submitted to the City shall serve as the applicant's
response to the request for proposals.