Our TIF Process
In order to respond to developer interest in a timely and accurate manner, and to facilitate "transparency" in the proposed evaluation and negotiation process, the City has created a "Development Proposal Flow Chart," which is outlined below. This methodology represents agreement among government agencies as to who is involved in the negotiation of TIF-assisted projects and provides insights to developers as to the parties involved and in what order they are involved.
The goal of this "pre-planning" effort is to minimize the time and redundant work required to evaluate and act on proposals for the TIF area.
Development Proposal Flow Chart
I. Initial Developer Overture to City
- City Hall is designated as the initial contact point.
- The Director of Public Works (DPW) has been designated the City's point person on TIF-assisted development projects.
II. Preliminary Developer Discussions
- The DPW provides overview of TIF area, tours, and responds to initial inquiries.
- DPW notifies Development Committee and Riverfront Commission of developer interest via established protocol.
III. Developer Proposed Development
- DPW responds to questions, maintains contacts, and makes referrals to appropriate entities for additional information.
IV. Developer Proposal Analysis
- DPW provides proposed outline and background information to the Development Committee.
- Development Committee reviews proposal, and if appropriate, forwards proposal for analysis.
- Analysis and response is requested from:
- Riverfront Commission
- City TIF Consultant
- Developer qualifications
- Project financial viability
- Building Department
- TIF Committee
- City Attorney
V. Developer Negotiations
- DPW facilitates negotiation with relevant stakeholders including:
- Building Department
- TIF Committee
- City Attorney
- Riverfront Commission, City Council advised of negotiations in process.
VI. Developer Agreement
- The "Development Package" is referred for approval as noted:
- Plan Commission (if applicable)
- TIF Committee
- City Council