HomeMy WebLinkAbout5D1 Professional Services Agreement (TIF Financial Analysis Baker Tilly)
Redevelopment Commission Agenda Item
DATE: March 10, 2022
FROM: Tim Corcoran
SUBJECT: Professional Services Agreement
(TIF Financial Analysis Baker Tilly)
Which TIF? (circle one) River West; River East; South Side; Douglas Road; West Washington
PURPOSE OF REQUEST: TIF Expansion Professional Service Contract
Specifics: The professional services proposal from Baker Tilly is to provide analytical services for the
proposed TIF realignment. These services include:
• Analyzing the boundaries of the existing and amended TIF Area and potential assessed value
impacts of proposed new construction/demolition projects within the amended TIF Area.
• Providing information required by the Client’s attorney for preparing resolutions and other legal
documents required to amend or expand the TIF Area, if needed.
• Preparing an analysis and a statement disclosing the impact of the amended TIF Area upon the
overlapping taxing units (the “Impact Statement”) and facilitate the delivery of the Impact
Statement to the overlapping taxing units.
• As requested, meeting with representatives of the overlapping taxing units to discuss questions,
comments or concerns and attend meetings and/or required public hearings to explain the
impact of the amendment or expansion of the TIF Area and to address any questions.
• Providing periodic Services (Municipal Advisory and Consulting) on an “As Requested” Basis
Staff requests approval of this professional services agreement in a not to exceed amount of $10,000.
INTERNAL USE ONLY: Project Code: _______________________________________________;
Total Amount new/change (inc/dec) in budget: _______________; Break down:
Costs: Engineering Amt: ______________________; Other Prof Serv Amt_________________;
Acquisition of Land/Bldg (circle one) Amt: ___________; Street Const Amt ________________;
Building Imp Amt_________; Sewers Amt_________; Other (specify) Amt: ________________
___________________________________________. Going to BPW for Contracting? Y/N
Is this item ready to encumber now? ____ Existing PO#__________ Inc/Dec $_____________
_________________________Pres/V-Pres
ATTEST: __________________Secretary
Date: ____________________
APPROVED Not Approved
SOUTH BEND REDEVELOPMENT COMMISSION