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HomeMy WebLinkAboutResolution - 2001-R0483 - Contract For North Overton Area To Assist With TIF - Schrader And Cline, LLC - 11/08/2001Resolution No. 2001—RO483 November 8, 2001 Item No. 36 RESOLUTION BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK THAT the Mayor of the City of Lubbock BE and is hereby authorized and directed to execute for and on behalf of the City of Lubbock, a Contract between the City of Lubbock and Schrader and Cline, LLC, to assist with the creation of a Tax Increment Financing (TIF) District for the North Overton Area in the City of Lubbock, and all related documents. Said Contract is attached hereto and incorporated in this resolution as if fully set forth herein and shall be included in the minutes of the City Council. Passed by the City Council this 8th day of November 2001. WINDY sirTON, MAYOR ATTEST: R ecca Garza City Secretary APPRO D AS TO ON TENT: Craig armer Director of Planning APPROVED AS TO FORM: Linda L. Chamales Supervising Attorney Dh/Ccdocs/Schrader&Cl ine,LLC.res October 29, 2001 �1 SCHRADER & CLINE, LLC October 9, 2001 Mr. Bob N. Cass City Manager City of Lubbock P.O. Box 2000 Lubbock, TX 79457 Dear Mr. Cass: Resolution No. 2001-RO483 November 8, 2001 Item No. 36 Thanks very for the privilege of providing the services of Schrader & Cline, LLC as independent contractor and consultant. We appreciate the opportunity to be considered as part of your team in responding to a petition for the creation of a Tax Increment Financing (TIF) District for the North Overton Area in the City of Lubbock. Services: I understand that during this engagement we will: 1. Be responsible to you, perform under your direction, and receive assignments from you (or your designated representative); 2. Assist you with advice and counsel; 3. Provide our services, as outlined in Attachments A and B, coordinate work of all involved in creating the District (including the activities of any other consultants retained by you) and perform as your agent, when authorized, with all taxing jurisdictions for the creation of the North Overton Area TIF District in the City of Lubbock. 4. Assist and cooperate with the City Attorney, Finance Director, Planning Director, Public Works Director, Financial Advisor, other members of City staff and the Petitioner; and 5. Perform this work with the objective of creating _the District in February 2002 and completing the remaining required tasks within three (3) months following the creation. Achieving that target, however, will depend upon all members of the team being actively involved in the task and performing in a timely manner. 4800 BROADWAY SUITE A ADDISON, TEXAS 75001 (972) 661-1973 FAk (972) 386-8008 e-mail schdi@swbell.net I understand that this engagement is for the services of our firm and will include both George R. Schrader and myself, commenced on November 8, 2001, and will continue until completion of creation requirements for the North Overton Area TIF District or cancellation by either party with fifteen (15) days written notice. Should the engagement agreement be terminated for abandonment of the project or for any other reason, Schrader & Cline, LLC shall be compensated for work performed at rates provided for in this agreement. I also understand that you may retain other consultants, as necessary (financial analyst, financial advisor, legal counsel, etc.) and we will coordinate their work. We will serve as your agent, when authorized, with all taxing jurisdictions that become involved. We also anticipate having the support and assistance of your staff to the extent they can be made available. Compensation: For the services of both George and myself, the City of Lubbock will pay us on an hourly basis at the rate of $200/hour for George R. Schrader, $175/hour for Larry D. Cline and $30/hour for our administrative assistant. It is estimated that costs per task will be as follows: TASK AMOUNT (Est.) 1. Advise and Assist in Review of Petition Process $ 750 2. Development of TIF Program 5,000 3. Feasibility Analysis 6,000 4. Creation of the District 12,500 5. Establishment of District Organization & 10,250 Agreements with Other Jurisdictions TOTAL $ 34,500 Schrader & Cline, LLC, agrees to a Not -To -Exceed Fee of $ 38,000 for Services and $ 5,000 for Reimbursements for carrying out this project and performing these tasks. Any additions or reductions to the program and tasks enumerated will result in the adjustment of the estimate of costs and Not -to -Exceed Fee. We will maintain accurate and complete records of time spent on this project and will compare our costs with the above estimate at the end of the work. If total billings are less than the Estimated Fee, Schrader & Cline will be paid an Effectiveness Fee of one-half (1/2) of the difference between the Estimated Fee and the Actual Fee. Reimbursements: In addition to the hourly fee, the City of Lubbock will also reimburse: • Reasonable incidental out-of-pocket expenses: courier fees, long-distance telephone calls, parking fees, substantial copying, etc.); North Overton TIF District Engagement Agreement Page 2 • Travel Costs • Other expenses must be approved by the designated representative prior to their being incurred. Invoicing: • Invoices will be submitted on the first of the month for activity in the previous month, with payment to be made by the fifteenth (15th). Invoices not paid within thirty (30) days will accrue interest at the rate of 1 % per month. • If any delinquency continues and the City of Lubbock does not arrange satisfactory payment terms, Schrader & Cline, LLC has the right to withdraw from this representation and pursue collection of your account. Other Services: • Should there be a need for the services of Schrader & Cline, LLC after completion of the TIF District, in the negotiation of developer/property owner agreements, or in compliance of the District in the conduct and reporting of its activities, arrangements for these services will be made by amendment to this agreement. If these terms are in need of further discussion or clarification, please telephone me at 972- 661-1973. Otherwise, please acknowledge your acceptance in the space provided and return a copy to me with an initial Engagement Fee of $ 4,000 to be applied to the final invoice. Insurance: A. General. Consultant shall procure and carry, at its sole cost and expense through the life of this Agreement insurance protection hereinafter specified, in form and substance satisfactory to the City. City must approve all policies prior to the commencement of any activities whether performed by the Consultant, sub consultant, agents, or third parties. The insurance carrier must be an insurance company authorized to transact business in the State of Texas and have a Best's Financial rating of ANII. A Certificate of Insurance specifying each and all coverage shall be submitted to City prior to the execution of this Agreement. All insurance shall be prepared and executed by the insurance company or its authorized agents and shall contain an endorsement naming the City of Lubbock an additional insured. Written notice of cancellation or any material change will be provided thirty (30) days in advance of cancellation or change. All insurance shall provide a waiver of subrogation in favor of the City of Lubbock, and shall contain cross liability and Severability clauses. North Overton TIF District Engagement Agreement Page 3 B. Required Coverage. Consultant shall obtain and maintain policies of insurance throughout the Agreement term in limits specified below. 1) Commercial Automobile Liability. The Consultant shall maintain Commercial Automobile Liability coverage with a minimum of Three Hundred Thousand and no/100 Dollars ($300,000) combined single for Bodily Injury and Property Damage and shall include and auto or in the alternative, non -owned autos and hired autos. 2) General Liability Insurance. The Consultant shall maintain General Liability Insurance coverage with a minimum of Five Hundred Thousand and no/100 Dollars ($500,000) combined single limit in the aggregate and per Occurrence. We are complimented by your interest in our services and we appreciate this opportunity to be considered by the City of Lubbock. Sincerely, Larry Dine Accepted: X� Indy Sittdn Mayor City of Lubbock Date: November 8, 2001 Attest: Rebecca Garza City Secretary City of Lubbock Date: November 8, 2001 North Overton TIF District Engagement Agreement Page 4 Approved as to content: Craig F*ner y Director of Planning City of Lubbock Date: jo// (n /0 Approved as to form: William D. de Haas Contract Manager City of Lubbock Date: �Q 1 /(p h) North Overton TIF District Engagement Agreement Page 5 Resolution No. 2001—RO483 Lubbock North Overton Area TIF District Scope of Services Attachment "A " Schrader & Cline, LLC ("Consultants") shall perform the following services for the City of Lubbock ("Client"): 1. ASSISUREVIEW PETITION PROCESS: • Consultant shall assist Client with the TIF petition process. • Meet with City staff to review submitted petition and analyze for compliance with State Statute. • Attend presentation of petition requesting TIF District to Lubbock City Council. The time scheduled for these services is approximately two (2) weeks 2. DEVELOPMENT OF THE TIF DISTRICT PROGRAM: • Consultant shall assist and provide to Client, Consultant's full range of services for the development of a Tax Increment Financing (TIF) District Program for the North Overton Area in the City of Lubbock, Texas. Consultant shall assist the Client with: o Data collection; and o Determination of ■ Boundaries of the District ■ A project list of infrastructure improvements ■ A pro -forma land use plan (Review) ■ A program of new and accelerated private development (Review) Consultant shall also: o Develop a Feasibility Analysis, Project Plan, and Financing Plan; o Assist with completion of a boundary description of the TIF District; o Prepare draft documents for review by City staff establishing the TIF District; and o Provide such other services as would be reasonably appropriate in connection with developing the TIF program. • As requested and directed by Client, Consultant shall coordinate and cooperate with such other Consultants as designated by Client. • Attend meetings and assist in negotiations, as required, with the appropriate state, county and municipal authorities to insure conformance and approval of the Tax Increment Financing District Program as interpreted and imposed upon the Project by such governmental authorities. • Prepare and submit all necessary documentation as required. • Consultant shall obtain the approval of Client for all commitments to be made on behalf of Client The time scheduled for these services is approximately four (4)) weeks. 3. CREATION OF THE TIF DISTRICT PROGRAM: • Consultant shall provide advice and assist in having the appropriate governing authorities notified with the Notice of Intent to set up the TIF District. • Brief, assist and make formal presentations to the public and appropriate government officials on how the Project will provide substantially more tax revenue and little, if any, burden on the other affected jurisdictions. o These jurisdictions are expected to be the City, County, Hospital District, and Water Conservation District. • Consultant shall assist in preparation of necessary presentations for public hearings for the TIF District. • Consultant shall attend presentations at public hearings for the TIF District. • Consultant shall assist and prepare necessary draft documents for the enactment of applicable ordinances and the establishment of the Board of Directors for the TIF Fund and the District. The time scheduled for these services is approximately twelve (12) weeks. 4. ESTABLISHMENT OF THE TIF DISTRICT ORGANIZATION AND FINAL PLAN: • Consultant shall assist and consult with the City, State Senator, State Representative, and other taxing jurisdictions on the appointment of the TIF Board of Directors. • Consultant shall arrange for all documentation necessary for the bylaws, final project, and financing plans of the TIF District. • Consultant shall assist in the organization of the first Board of Directors meeting. • Consultant shall attend meetings and assist in negotiations, as required, for review of the final TIF Project Plan and Financing Plan for the TIF District. • Consultant shall assist Client in obtaining final approval of the Project Plan and Financing Plan by all appropriate governmental authorities. The time scheduled for these services is approximately six (6) weeks. 5. ESTABLISH JURISDICTIONAL AGREEMENTS: • Consultant shall assist Client in obtaining the approval of agreements with all participating jurisdictions for the TIF District. • File all necessary documents with all appropriate governmental authorities. The time scheduled for these services is approximately six (6) weeks. North Overton TIF District Attachment "A" Page 2 Resolution No. 2001-RO483 SCHRADER & CLINE, LLC Lubbock North Overton Area TIF District TIF District Program Calendar Attachment "B " • Advice/Analysis of petition process • Review with City Staff • Presentation to City Council, requesting TIF District DEVELOPMENT OF TIF PROGRAM (4 Weeks) 11/02/01-12/03/01 o Collect data o Determine boundary o Develop preliminary project list of infrastructure improvements o Review and develop pro forma land use plan o Review and develop preliminary forecast of new and accelerated private development o Complete preliminary feasibility study and financing plans o Develop legal or general description of final boundary o Preparation of required documents o Review with City Staff • Council briefing on TIF Proposal December 3, 2001 CREATION OF THE DISTRICT (12 Weeks) 12/03/01-2/28/02 • Council approves "Notice of Intent" and sends to other jurisdictions, including December 13, 2001 preliminary plans and request to appoint representative • Briefing of taxing jurisdictions' designated representatives December 2001/January 2002 • Formal presentations to all jurisdictions January/February 2002 o City o Hospital District o County o Water Conservation District • Council briefing on TIF proposal February 14, 2002 • City Council, by Ordinance, establishes the Zone, authorizes a Board of Directors, February 28, 2002 creates TIF Fund ESTABLISHMENT OF DISTRICT ORGANIZATION AND FINAL PLAN (6 Weeks) 3/01/02-4/15/02 • Notify jurisdictions of creation/request Board nomination for appointment • Draft Board Bylaws / Organize Board • Development of Project & Financing Plan • Organizational Board Meeting • Board of Directors reviews and finalizes: o Project Plan o Feasibility Analysis o Finance Plan • Council approves final Project and Financing Plan AGREEMENTS WITH OTHER JURISDICTIONS (6 Weeks) 4/15/02-5/31/02 North Overton TIF District Resolution No. 2001—RO483 November 8, 2001 Item No. 36 RESOLUTION BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK THAT the Mayor of the City of Lubbock BE and is hereby authorized and directed to execute for and on behalf of the City of Lubbock, a Contract between the City of Lubbock and Schrader and Cline, LLC, to assist with the creation of a Tax Increment Financing (TIF) District for the North Overton Area in the City of Lubbock, and all related documents. Said Contract is attached hereto and incorporated in this resolution as if fully set forth herein and shall be included in the minutes of the City Council. Passed by the City Council this 8th day of November , 2001. WINDY S TON, MAYOR ATTEST: 4ReLcca Garza City Secretary APPRO D AS TO ONTENT: Craig armer Director of Planning APPROVED AS TO FORM: Linda L. Chamales Supervising Attorney Db/Ccdocs/Schrader&Cl ine,LLC.res October 29, 2001 SCHRADER & CLINE, LLC October 9, 2001 Mr. Bob N. Cass City Manager City of Lubbock P.O. Box 2000 Lubbock, TX 79457 Dear Mr. Cass: Resolution No. 2001-RO483 November 8, 2001 Item No. 36 Thanks very for the privilege of providing the services of Schrader & Cline, LLC as independent contractor and consultant. We appreciate the opportunity to be considered as part of your team in responding to a petition for the creation of a Tax Increment Financing (TIF) District for the North Overton Area in the City of Lubbock. Services: I understand that during this engagement we will: 1. Be responsible to you, perform under your direction, and receive assignments from you (or your designated representative); 2. Assist you with advice and counsel; 3. Provide our services, as outlined in Attachments A and B, coordinate work of all involved in creating the District (including the activities of any other consultants retained by you) and perform as your agent, when authorized, with all taxing jurisdictions for the creation of the North Overton Area TIF District in the City of Lubbock. 4. Assist and cooperate with the City Attorney, Finance Director, Planning Director, Public Works Director, Financial Advisor, other members of City staff and the Petitioner; and 5. Perform this work with the objective of creating the District in February 2002 and completing the remaining required tasks within three (3) months following the creation. Achieving that target, however, will depend upon all members of the team being actively involved in the task and performing in a timely manner. 4800 BROADWAY SUITE A ADDISON, TExAs 75001 (972) 661-1973 FAx (972) 386-8008 e-mail schcliCd:swbell.net I understand that this engagement is for the services of our firm and will include both George R. Schrader and myself, commenced on amber 8, 2001, and will continue until completion of creation requirements for the North Overton Area TIF District or cancellation by either party with fifteen (15) days written notice. Should the engagement agreement be terminated for abandonment of the project or for any other reason, Schrader & Cline, LLC shall be compensated for work performed at rates provided for in this agreement. I also understand that you may retain other consultants, as necessary (financial analyst, financial advisor, legal counsel, etc.) and we will coordinate their work. We will serve as your agent, when authorized, with all taxing jurisdictions that become involved. We also anticipate having the support and assistance of your staff to the extent they can be made available. Compensation: For the services of both George and myself, the City of Lubbock will pay us on an hourly basis at the rate of $200/hour for George R. Schrader, $175/hour for Larry D. Cline and $30/hour for our administrative assistant. It is estimated that costs per task will be as follows: TASK AMOUNT (Est.) 1. Advise and Assist in Review of Petition Process $ 750 2. Development of TIF Program 5,000 3. Feasibility Analysis 6,000 4. Creation of the District 12,500 5. Establishment of District Organization & 10,250 Agreements with Other Jurisdictions TOTAL $ 34,500 Schrader & Cline, LLC, agrees to a Not -To -Exceed Fee of $ 38,000 for Services and $ 5,000 for Reimbursements for carrying out this project and performing these tasks. Any additions or reductions to the program and tasks enumerated will result in the adjustment of the estimate of costs and Not -to -Exceed Fee. We will maintain accurate and complete records of time spent on this project and will compare our costs with the above estimate at the end of the work. If total billings are less than the Estimated Fee, Schrader & Cline will be paid an Effectiveness Fee of one-half (1/2) of the difference between the Estimated Fee and the Actual Fee. Reimbursements: In addition to the hourly fee, the City of Lubbock will also reimburse: • Reasonable incidental out-of-pocket expenses: courier fees, long-distance telephone calls, parking fees, substantial copying, etc.); North Overton TIF District Engagement Agreement Page 2 • Travel Costs • Other expenses must be approved by the designated representative prior to their being incurred. Invoicing: • Invoices will be submitted on the first of the month for activity in the previous month, with payment to be made by the fifteenth (15''). Invoices not paid within thirty (30) days will accrue interest at the rate of 1 % per month. • If any delinquency continues and the City of Lubbock does not arrange satisfactory payment terms, Schrader & Cline, LLC has the right to withdraw from this representation and pursue collection of your account. Other Services: • Should there be a need for the services of Schrader & Cline, LLC after completion of the TIF District, in the negotiation of developer/property owner agreements, or in compliance of the District in the conduct and reporting of its activities, arrangements for these services will be made by amendment to this agreement. If these terms are in need of further discussion or clarification, please telephone me at 972- 661-1973. Otherwise, please acknowledge your acceptance in the space provided and return a copy to me with an initial Engagement Fee of $ 4,000 to be applied to the final invoice. Insurance: A. General. Consultant shall procure and carry, at its sole cost and expense through the life of this Agreement insurance protection hereinafter specified, in form and substance satisfactory to the City. City must approve all policies prior to the commencement of any activities whether performed by the Consultant, sub consultant, agents, or third parties. The insurance carrier must be an insurance company authorized to transact business in the State of Texas and have a Best's Financial rating of ANII. A Certificate of Insurance specifying each and all coverage shall be submitted to City prior to the execution of this Agreement. All insurance shall be prepared and executed by the insurance company or its authorized agents and shall contain an endorsement naming the City of Lubbock an additional insured. Written notice of cancellation or any material change will be provided thirty (30) days in advance of cancellation or change. All insurance shall provide a waiver of subrogation in favor of the City of Lubbock, and shall contain cross liability and Severability clauses. North Overton TIF District Engagement Agreement Page 3 B. Required Coverage. Consultant shall obtain and maintain policies of insurance throughout the Agreement term in limits specified below. 1) Commercial Automobile Liability. The Consultant shall maintain Commercial Automobile Liability coverage with a minimum of Three Hundred Thousand and no/100 Dollars ($300,000) combined single for Bodily Injury and Property Damage and shall include and auto or in the alternative, non -owned autos and hired autos. 2) General Liability Insurance. The Consultant shall maintain General Liability Insurance coverage with a minimum of Five Hundred Thousand and no/100 Dollars ($500,000) combined single limit in the aggregate and per Occurrence. We are complimented by your interest in our services and we appreciate this opportunity to be considered by the City of Lubbock. Sincerely, Larry D. line Accepted: .- 4� Indy Sittdn Mayor City of Lubbock Date: November 8, 2001 Attest: Rebecca Garza City Secretary City of Lubbock Date: November 8, 2001 North Overton TIF District Engagement Agreement Page 4 Approved as to content: t Craig F er Director of Planning City of Lubbock Date: p// (a 10 Approved as to form: William D. de Haas Contract Manager City of % Lubbock Date: /01 /(o / 0 / North Overton TIF District Engagement Agreement Page 5 Resolution No. 2001-80483 Lubbock North Overton Area TIF District Scope of Services Attachment "A " Schrader & Cline, LLC ("Consultants") shall perform the following services for the City of Lubbock ("Client"): 1. ASSISUREVIEW PETITION PROCESS: • Consultant shall assist Client with the TIF petition process. • Meet with City staff to review submitted petition and analyze for compliance with State Statute. • Attend presentation of petition requesting TIF District to Lubbock City Council. The time scheduled for these services is approximately two (2) weeks 2. DEVELOPMENT OF THE TIF DISTRICT PROGRAM: • Consultant shall assist and provide to Client, Consultant's full range of services for the development of a Tax Increment Financing (TIF) District Program for the North Overton Area in the City of Lubbock, Texas. Consultant shall assist the Client with: o Data collection; and o Determination of: ■ Boundaries of the District ■ A project list of infrastructure improvements ■ A pro -forma land use plan (Review) ■ A program of new and accelerated private development (Review) • Consultant shall also: o Develop a Feasibility Analysis, Project Plan, and Financing Plan; o Assist with completion of a boundary description of the TIF District; o Prepare draft documents for review by City staff establishing the TIF District; and o Provide such other services as would be reasonably appropriate in connection with developing the TIF program. • As requested and directed by Client, Consultant shall coordinate and cooperate with such other Consultants as designated by Client. • Attend meetings and assist in negotiations, as required, with the appropriate state, county and municipal authorities to insure conformance and approval of the Tax Increment Financing District Program as interpreted and imposed upon the Project by such governmental authorities. • Prepare and submit all necessary documentation as required. • Consultant shall obtain the approval of Client for all commitments to be made on behalf of Client. The time scheduled for these services is approximately four (4)) weeks. 3. CREATION OF THE TIF DISTRICT PROGRAM: • Consultant shall provide advice and assist in having the appropriate governing authorities notified with the Notice of Intent to set up the TIF District. • Brief, assist and make formal presentations to the public and appropriate government officials on how the Project will provide substantially more tax revenue and little, if any, burden on the other affected jurisdictions. o These jurisdictions are expected to be the City, County, Hospital District, and Water Conservation District. • Consultant shall assist in preparation of necessary presentations for public hearings for the TIF District. • Consultant shall attend presentations at public hearings for the TIF District. • Consultant shall assist and prepare necessary draft documents for the enactment of applicable ordinances and the establishment of the Board of Directors for the TIF Fund and the District. The time scheduled for these services is approximately twelve (12) weeks. 4. ESTABLISHMENT OF THE TIF DISTRICT ORGANIZATION AND FINAL PLAN: • Consultant shall assist and consult with the City, State Senator, State Representative, and other taxing jurisdictions on the appointment of the TIF Board of Directors. • Consultant shall arrange for all documentation necessary for the bylaws, final project, and financing plans of the TIF District. • Consultant shall assist in the organization of the first Board of Directors meeting. • Consultant shall attend meetings and assist in negotiations, as required, for review of the final TIF Project Plan and Financing Plan for the TIF District. • Consultant shall assist Client in obtaining final approval of the Project Plan and Financing Plan by all appropriate governmental authorities. The time scheduled for these services is approximately six (6) weeks. 5. ESTABLISH JURISDICTIONAL AGREEMENTS: • Consultant shall assist Client in obtaining the approval of agreements with all participating jurisdictions for the TIF District. • File all necessary documents with all appropriate governmental authorities. The time scheduled for these services is approximately six (6) weeks. North Overton TIF District Attachment "A" Page 2 Resolution No. 2001-RO483 SCHRADER & CLINE, LLC Lubbock North Overton Area TIF District TIF District Program Calendar Attachment 'T " ASSIST/REVIEW PETITION PROCESS (2 Weeks) 10/19/01-11/02/01 • Advice/Analysis of petition process • Review with City Staff • Presentation to City Council, requesting TIF District DEVELOPMENT OF TIF PROGRAM (4 Weeks) 11/02/01-12/03/01 o Collect data o Determine boundary o Develop preliminary project list of infrastructure improvements o Review and develop pro forma land use plan o Review and develop preliminary forecast of new and accelerated private development o Complete preliminary feasibility study and financing plans o Develop legal or general description of final boundary o Preparation of required documents o Review with City Staff • Council briefing on TIF Proposal December 3, 2001 CREATION OF THE DISTRICT (12 Weeks) 12/03/01-2/28/02 • Council approves "Notice of Intent" and sends to other jurisdictions, including December 13, 2001 preliminary plans and request to appoint representative • Briefing of taxing jurisdictions' designated representatives December 2001/January 2002 • Formal presentations to all jurisdictions January/February 2002 o City o Hospital District o County o Water Conservation District • Council briefing on TIF proposal February 14, 2002 • City Council, by Ordinance, establishes the Zone, authorizes a Board of Directors, February 28, 2002 creates TIF Fund ESTABLISHMENT OF DISTRICT ORGANIZATION AND FINAL PLAN (6 Weeks) 3/01/02-4/15/02 • Notify jurisdictions of creation/request Board nomination for appointment • Draft Board Bylaws / Organize Board • Development of Project & Financing Plan • Organizational Board Meeting • Board of Directors reviews and finalizes: o Project Plan o Feasibility Analysis o Finance Plan • Council approves final Project and Financing Plan AGREEMENTS WITH OTHER JURISDICTIONS (6 Weeks) 4/15/02-5/31/02 North Overton TIF District