Tax Increment Finance District Policies

City (date of policy)	Process	Criteria	Developer Contribution	Agreement	Fees
Lenexa (2006)	Per Statute and their TIF procedures: District Application form and Redevelopment Project Plan Application. Once applications are submitted, they are considered by the Finance Team and then forwarded to the Governing Body.	· Promote, stimulate and develop the general and economic welfare of the State and the City; promote general welfare by assisting in the development, redevelopment and revitalization of central business areas, blighted areas, conservation areas and environmentally contaminated areas; create new jobs and retain existing jobs; expand the tax base · There is a desire to promote redevelopment of locations that need assistance due to unique methods of construction, geological, environmental or other site constraints. · Capital investment is a factor · But-For principle a factor		Agreement required with developer	$10,000 non refundable fee to accompany district application plus $10,000 retainer to be used for various services, such as bond counsel. With the project plan, a non-refundable amount equal to 1% of the total TIF assistance to a max of $50K, some of which isn’t collected until bonds are issued; 0.5% annual admin fee based on annual increment.
City (date of policy)	Process	Criteria	Developer Contribution	Agreement	Fees
Olathe (2007)	Application form completed and submitted to the City. District created. Redevelopment plan formulated with the applicant. Applicant and City enter into a redevelopment agreement.	Judicious use of TIF for those projects which demonstrate a substantial and significant public benefit that will create new jobs, retaining existing jobs, eliminate blight, strengthen employment base, increase property values and tax revenues, reduce poverty, create economic stability, upgrade older neighborhoods, facilitate economic self-sufficiency and implement comp plan and economic development goals of City. Care will be used to ensure benefits will accrue from use of TIF and that they are equitable to city as a whole. Criteria for evaluation: But for principle; revenues will cover debt at least 1.25 times; In general, a 10 year pay off is desirable; applicant must show financial ability to complete and operate project and that applicant will contribute at least 50% of the cost or provide performance bond for such. TIF for new or expanded industrial, manufacturing, office and retail projects are more favorable than service commercial. Projects that create jobs with wages above community average encouraged. Additional CRITERIA, continued consideration for projects in excess of $20 M. Redevelopment projects viewed favorably. Highest development standards for design are required. TIF projects are required to use Planned Development zoning. Generally, only 50% of sales tax increment provided. If sales or guest tax is requested, the necessity must be demonstrated in writing.	50% toward cost required. Greater than 50% is favorable.	Redevelopment agreement between the City and the applicant upon satisfactory completion of the redevelopment plan.	Non-refundable 1% of the total TIF project cost paid out upon initial application, upon submittal of the redevelopment plan, upon adoption of an ordinance to a maximum of $50 K. TIF Administration service fee provided in the amount of .5% of the annual increment for property tax only projects and 2.5% of the annual increment for property and sales tax TIFs

City (date of policy)	Process	Criteria	Developer Contribution	Agreement	Fees
City of Merriam (1997)	Requires proposal and initial review for proposal completeness. Next, proposal is reviewed by the Finance, Administration and Operations committee of the Governing Body for recommendation that is forwarded to the Governing Body. Cost benefit analysis is also completed.	Primary objects are to promote, stimulate and develop the general and economic welfare of the state of Kansas and the City and to promote the general welfare of the citizens of Kansas and the City through assisting in the development, redevelopment, and revitalization of central business areas, blighted areas, conservation areas and environmentally contaminated areas located within the City, create new jobs and retain jobs, and expand the economic base of the city. Requires a minimum capital investment of $1 M. Application of “But For” Principle Governing Body to take into account if the TIF will create an unfair advantage for the applicant over existing business			Requires $1,000 application fee and reimbursement of other fees, such as bond issuance, feasibility study costs, etc.