6-W9 2024.pdf

This is a scope of work document for a Tax Increment Financing (TIF) State Compliance contract opportunity with the Kentucky state government, specifically for support services to be provided to LMG (Local Market Growth or similar entity) in maintaining compliance with state TIF programs. LMG seeks qualified consultants to prepare and submit compliance reports as required by state TIF agreements on behalf of MDA (likely the state economic development agency). The primary scope of services includes preparing and submitting compliance documentation for existing TIF projects in which LMG serves as the conduit for reporting and incentive payments to participating projects. An optional on-call contract component is available to provide advisory services and financial analysis for new proposed TIF transactions.

The document establishes a framework for pricing negotiations and contract terms between LMG and selected consultants, with specific attention to compliance reporting obligations under Kentucky's TIF program requirements. Key considerations include the ongoing nature of compliance responsibilities, the potential for additional advisory services under the optional on-call provision, and the consultants' responsibility to ensure timely and accurate submission of all required state reports. Funding for these services derives from the TIF program structure itself, with costs typically recovered through project revenues or administrative allocations established in individual TIF agreements.