Assist the Agency with development and / or review of incentive agreements and the documents necessary to approve the agreements, including Chapter 380 Agreements, Tax Abatement and any other type agreement.
Problem Identification
- The Agency needs someone to look after their best interests in the preparation or review of incentive documents
- The Agency is unfamiliar with Chapter 380 agreements and the merits of this approach over other types of agreements
- A “deal” has been preliminary worked out between the parties but there are not in-house capabilities to formalize an agreement
Service Goals
- Prepare the desired Chapter 380 or Tax Abatement Agreements, Resolution or Ordinance for adoption, or
- Review and provide recommended revisions to documents prepared by a developer or other third party
- Utilize redline / strikeout format to clearly show revisions
Deliverables
- All documents in Word format allowing for formal Agency approval of the agreements
Comments
- A variety of incentives are easily incorporated into a Chapter 380 agreement
- 380 agreements are much easier to develop, adopt, and implement than alternative approaches