1. The consultant will prepare estimates of retail sales and the resulting sales tax and the incremental sales tax revenues by taxing district; assessed valuation and resulting property tax and incremental property tax revenues by taxing district; and, if applicable, transient guest tax revenues during the life of the projects or, if financed through debt, during the life of the bonds based on the developer’s proposal. 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 the 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. 5. The consultant will conduct a feasibility study, including cost/benefit analyses and an evaluation to determine whether development or redevelopment could take place within an acceptable timeframe, with and without public economic assistance. 6. A draft report should be prepared for comment by the project team, including the Unified Government, the developer, investment banker(s), municipal advisor and other parties as determined by the Unified Government. 7. For projects financed with debt, a final report, including a brief narrative describing the project area and demographics, and the tax projections will be included in bond documents and any disclosure/offering materials related to the debt issuance.
