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.