[Ord. No. 2125 §1, 7-22-2008]
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.
