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Economic Consultant for Project Feasibility Studies


Location
Kansas
Publication Date
08/28/2020 08:37 AM EDT
Closing Date
09/17/2020 01:00 AM EDT
Issuing Organization
Unified Government of Wyandotte County And Kansas City
Solicitation Number
Description

Specifications include, but are not limited to: 1. Consultant will prepare estimates of retail sales and the resulting sales tax and the incremental sales tax revenues; assessed valuation and resulting property tax and incremental property tax revenues; and, if applicable, transient guest tax revenues during the life of the projects or, if financed through debt, during the life of the bonds. The sales tax estimates will be based on the projected sales derived from the eligible current retailers and any future committed retailers. If applicable, reports should include property valuation and tax payment by each of the property owners in the district. Property tax revenues should be based on comparable locations/developments and should consider assessed value annual growth limits by considering past trends and delinquency rates. The forecasts should detail annual estimates for each year that the revenues are pledged to the project for either payment to the developer or bond repayment and should include three forecasts, a low, moderate, and high projection. The Unified Government will make available, under confidentiality restrictions, actual sales data for existing retailers in the districts. In responding to this proposal, the consultant should indicate other data sources and methods that would be used in preparing these estimates. 2. The consultant will consider other developments in the Kansas City area and describe impact to the proposed development from either a negative or positive perspective. 3. The consultant will meet with the developers or their designated representatives to gather additional information about the development. 4. The consultant should consider local and regional socio-economic trends.

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