Task 1: Prepare a tax increment finance analysis review of the existing CRA boundary for CRA plan update through its current sunset year and evaluate opportunities. Task 2: Draft a finding of necessity study for any boundary modification based upon said review in Task 1. The City and the CRA acknowledge pursuit of boundary modifications, and a plan update are two requests that run parallel, but each have their own process and due diligence. Any proposal’s work plan should include an accommodation in the event boundary modifications are not agreeable based on an evaluation or discussions amongst CRA partners and therefore Task 2, no longer becomes a pertinent element of the scope. Task 3: Develop a gap analysis or comparable resource to narrate the following: • Completion of the Downtown District plan, goals, and objectives to date • Review of staff information including data, infographics, annual reports, delegation of authority, completed projects, ongoing projects, and spending to date. • Articulate successful impacts of the CRA to date. • Overlaying elements of the Lakeland Comprehensive Plan with specific references to housing, transportation, and economic development • Demonstrate external factors (such as inflation, COVID-19, recession, etc.) that may have limited the CRA’s ability to successfully execute the CRA plan within its existing timeline.
