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2012-01-17_packet
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2012-01-17_packet
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1/18/2012 2:24:08 PM
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Commission/Committee
Commission/Authority Name
Housing Redevelopment Authority
Commission/Committee - Document Type
Agenda/Packet
Commission/Committee - Meeting Date
1/17/2012
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Attachment A <br />Consultant’s Services <br />AAnalyze subsidies requested by developers or offered by the HRA, including: <br />Tax increment analysis <br />Internal rate of return analysis <br />Pro forma cash flow, income statement and balance sheet analysis <br />B. For specific projects or programs, assist with tax increment, tax abatement and other <br />local finance options: <br />Create and/or modify a redevelopment project area <br />Establish a tax increment district and a tax increment finance plan, including <br />impact analyses <br />Prepare resolutions adopting the above <br />Prepare notice of public hearings <br />Attend public hearings to provide support and background information <br />Prepare letters and notices for the School and County Boards <br />Prepare letters requesting certifications and filing documents with the appropriate <br />jurisdictions <br />C. Assist in the negotiation and preparation of contracts for private development, assessment <br />agreements, special assessment agreements, interest rate reduction programs, revenue <br />notes, and other contractual arrangements between the HRA and a developer. <br />D. Assist with the development of housing and other programs and prepare the appropriate <br />documents and resolutions. <br />E. Assist in putting loan documents together for loan programs and/or any project specific <br />loan that utilizes HRA funds. <br />4 <br /> <br />
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