[R.O. 1992 § 154.200; Ord. No.
2239-08 § 1, 4-15-2008]
A. The City hereby adopts the following procedures for bids and proposals
for the implementation of TIF redevelopment projects:
1.
The City or the TIF Commission shall solicit proposals with
respect to the implementation of each proposed redevelopment project.
2.
Each request for proposals shall state the primary objectives
of the proposed redevelopment area or redevelopment project.
3.
Each request for proposals shall be mailed to those persons
or firms who the City Administrator or his/her designee determines
might be interested in submitting a bid.
4.
Each request for proposals (or notice thereof) shall be published
in a newspaper of general circulation in the City.
5.
Each request for proposals shall provide at least thirty (30)
days for the submission of a proposal.
6.
Each request for proposals shall provide reasonable opportunity
for each person to submit alternative proposals or bids.
7.
Each proposal must demonstrate that "but for" the use of tax
increment financing, the project is not feasible and would not be
completed.
8.
Criteria for the selection of proposals 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 TIF Commission may establish such additional
criteria as it deems appropriate for the selection of bids and proposals.