RFP EDAA 2027-2027000050 -- published 10.20.pdf

Rev. 09.2026

Request for Proposal Title: Tax Increment Financing Analysis Consultant

RFP #: EDAA 2027000050

Published: October 20, 2026

Request for Proposal Summary Sheet The information found in this summary sheet is for reference purposes only. Offerors or other interested parties are cautioned to review the solicitation, including any later amendments, in its entirety and contact the listed Point of Contact with any questions.

1. POINT OF CONTACT – Tamara Hott-Domenico; tamara.hott@state.co.us

2. IMPORTANT DATES:

A. Publication Date – October 20, 2026 B. Deadline for Questions – November 2, 2026 C. Proposal Submission Deadline – November 20, 2026

3. OVERVIEW AND GOALS:

A. In May of 2026 the Governor and the State Legislature created the Transit Investment Area Act through HB26-1065. This Act promotes transit-oriented development by establishing a Tax Increment Financing (TIF) program to provide funding for infrastructure close to passenger rail stations and public transit stations that will make it easier for people to access and use those transportation facilities. This program will capture future increases in State sales tax revenue resulting from the increase of in-person sales in the designated TIF area over a financing period not to exceed 30 years and divert a portion of this revenue to pay for the infrastructure project, called a Transit Investment Project. This program differs from traditional TIF districts in that the State will award the TIF mechanism to one or more local governments based on the local government’s Transit Investment Project meeting certain criteria and the location of the district being within a Transit and Housing Investment Zone, which is a two-mile radius of a transit station. The Colorado Office of Economic Development & International Trade is managing the program and Colorado Economic Development Commission is responsible for approving the Transit Investment Projects and the TIF areas, called Transit Investment Areas. A maximum of three (3) Transit Investment Projects and Transit Investment Areas can be approved in the 2027 calendar year and three (3) in the following year.

B. The Colorado Office of Economic Development & International Trade (OEDIT) is seeking to hire a qualified, economic analyst or firm with proven expertise in economic and financial analysis of tax increment financing districts to assist OEDIT and the Colorado Economic Development Commission (EDC) with the baseline growth rate assessment (“Assessment”) and a full feasibility and “but-for” economic analysis of a proposed project with State sales tax increment revenue projections (“Economic Analysis”). Also, the report will include an assessment of how the applicant’s Project and Area meet the criteria identified in the legislation.

C. In accordance with section 24-110-201, C.R.S., the award under this solicitation will be a cooperative purchasing agreement available for use by the State Agency issuing this solicitation and other State and local Agencies and Political Subdivisions, including but not limited to school districts, on the terms, conditions and rates set forth in the cooperative purchasing agreement. Each agency or entity ordering goods or services under the contract will be responsible for all costs and expenses incurred in connection with its orders.

D. The Offeror may not be performing economic analysis or other related work that will be used to complete a pre-application of a Transit Investment Area or an application of a Transit Investment Project.

4. PROPOSAL SUBMISSION INSTRUCTIONS:

A. Offerors shall submit proposals via Box.com to the email address RFP_202.4ekfdceccobyibe1@u.box.com

B. Ensure all requested attachments are included.

C. A proposal received after the submission deadline may, at the sole discretion of the

State, be rejected without further consideration.

REMAINDER OF PAGE INTENTIONALLY LEFT BLANK

TABLE OF CONTENTS

Section 2 - Administrative Information

Section 3 - Program Overview and Scope of Work

Section 4 - Proposal Response Format

Section 5 - Evaluation and Award

Section 6 - Definition of Terms

Exhibits (Informational):

A. Main Agreement B. Task Order C. Insurance Information for Vendors D. Vendor RFP Checklist (to assist in compiling proposal packet)

Attachments (Offeror to Complete and Submit with Proposal):

1. Signature and Attestation Page

2. RFP Affirmation Page

3. Vendor Accessibility Checklist Affirmation Page

4. Request for Taxpayer Identification Number and Certification Form W-9 (signed)

5. Vendor Performance Disclosure Form

6. Base Pricing Sheet

SECTION 2 - ADMINISTRATIVE INFORMATION

1. VENDOR SELF-SERVICE AND REGISTRATION

This solicitation is published using the Colorado Vendor Self-Service – (ColoradoVSS).

Offerors are not required to be registered on ColoradoVSS in order to download solicitation documents and information. ColoradoVSS information can be found through the Colorado State Purchasing & Contracts Office link at www.colorado.gov/VSS. The ColoradoVSS Help Desk can be reached at (303) 866-6464 for further assistance.

2. ISSUING OFFICE AND OFFICIAL MEANS OF COMMUNICATION

A. This Request for Proposals (RFP) is issued by the Colorado Office of Economic Development and International Trade (OEDIT) Purchasing and Contracts Office for the benefit of Operations and is the sole point of contact concerning this RFP. All communication for this procurement must be done through the OEDIT Purchasing and Contracts Office email address as indicated in this RFP and ColoradoVSS.

B. Communication regarding this RFP is restricted to the following email address, as the point of contact for this RFP: oedit_procurement@state.co.us.

C. Contact with any other State personnel regarding this procurement, unless specifically authorized by the OEDIT Purchasing and Contracts Office, may result in disqualification.

3. ADDENDUM OR SUPPLEMENT TO REQUEST FOR PROPOSAL

A. In the event that it becomes necessary to revise any part of this RFP, an addendum/amendment will be published on the ColoradoVSS website. It is incumbent upon Offerors to carefully and regularly monitor VSS for any such postings.

4. PURPOSE

A. The Colorado Office of Economic Development and International Trade (OEDIT) is soliciting competitive proposals from Offerors with expertise in economic and financial analysis of tax increment financing districts that wish to enter into an agreement to perform financial and economic analysis for the Transit and Housing Investment Zone program.

B. All information contained within this RFP, and any amendments and modifications thereto, reflect the best and most accurate information available to the State at the time of the RFP preparation. No inaccuracies in such data shall constitute a basis for legal recovery of damages or protests, either real or punitive, except to the extent that any such inaccuracy was a result of intentional misrepresentation by the State.

C. Offerors that have an interest may submit a proposal in accordance with the terms of this RFP.

5. ACCEPTANCE OF RFP TERMS

A proposal submitted in response to this RFP shall constitute a binding offer.

Acknowledgment of this condition shall be indicated by the autographic signature of the Offeror or an officer of the Offeror legally authorized to execute contractual obligations. It http://www.colorado.gov/VSS mailto:oedit_procurement@state.co.us is assumed by the Offeror's response that it acknowledges all terms and conditions of this invitation for an offer. An Offeror shall clearly and thoroughly identify any variations between its proposal and the State's RFP. Failure to do so shall be deemed a waiver of any rights to subsequently modify the terms of performance, except as outlined or specified in the RFP.

6. SCOPE

This RFP contains the instructions governing the proposal to be submitted and the material to be included therein; mandatory requirements which must be met to be eligible for consideration; and other requirements to be met by each proposal.

7. SCHEDULE OF ACTIVITIES (ALL TIMES ARE LISTED IN MOUNTAIN TIME)

This Schedule of Activities is for information and planning purposes only. Schedules of Activities listed as “Estimated” may be subject to change depending on the needs of the State. All times are considered Mountain Time (MT), as adjusted for daylight savings.

Activity Time (if applicable) Date

RFP Published on ColoradoVSS Website N/A October 20, 2026 Offerors’ Written Inquiry Deadline (no written questions will be accepted after this date and time).

2:00 PM November 2, 2026

Response to Written Inquiries; will be posted to ColoradoVSS 2:00 PM November 6, 2026

Proposal Submission Deadline 2:00 PM November 20, 2026 Virtual Public Opening of Proposals 3:00 PM November20, 2026 Notice of Award* (Estimated/Week Of) N/A December 29, 2026 Contract Finalized* (Estimated/Week Of) N/A January 29, 2027

*As the evaluation process is dependent upon the number of proposals received, their length and committee member’s schedules, all dates post proposal submission are strictly estimated.

8. PRE-PROPOSAL MEETING (RESERVED)

9. OFFEROR INQUIRIES

A. Unless otherwise noted, prospective Offerors may make written or email inquiries concerning this RFP to obtain clarification of requirements. No inquiries will be accepted after the date and time indicated in the Schedule of Activities.

B. Email all inquiries to: oedit_procurement@state.co.us. Clearly identify your inquiries with the RFP number and title listed in the cover page.

C. Request (and ensure you receive) confirmation that your email has been received.

D. Responses to Offerors’ inquiries will be published as a modification on ColoradoVSS in a timely manner.

E. Offerors should not rely on any other information if it is not published on ColoradoVSS;

either written or oral, that alter any specifications or other term or condition of the

RFP during the open solicitation period. Offerors shall not contact any other State Office or individual other than the OEDIT Purchasing and Contracts Office.

F. Offerors are responsible for monitoring ColoradoVSS for the publication of any and all modifications to this solicitation.

10. RFP CANCELLATION

The State reserves the right to cancel this Request for Proposal at any time, without penalty in accordance with §24-103-301, C.R.S.

11. INCURRING COSTS

The State of Colorado is not liable for any cost incurred by Offerors prior to issuance of a legally executed contract or procurement document. No property interest, of any nature shall occur until a contract is awarded and signed by all concerned parties.

12. PROPOSAL REJECTION

The State of Colorado reserves the right to reject any or all proposals and to waive informalities and minor irregularities in proposals received and to accept any portion of a proposal or all items proposed if deemed in the best interest of the State of Colorado.

13. RFP RESPONSE AND MATERIAL OWNERSHIP

All material submitted regarding this RFP becomes the property of the State of Colorado, unless otherwise noted in the RFP. The contents of the successful Offeror’s proposal will become contractual obligations. Proposals may be reviewed by any person after the "Notice of Intent to Award" letter has been issued, subject to the terms of C.R.S. Title 24, Article 72, Part 2 as amended. Offeror expressly agrees that the State may use the materials for all lawful State purposes, including the right to reproduce copies of the material submitted for purposes of evaluation, and to make the information available to the public in accordance with the provisions of the Public Records Act.

14. PROPOSAL CONTENT ACCEPTANCE

The contents of the proposal (including persons specified to implement the project) from the successful Offeror will become contractual obligations if acquisition action ensues.

Failure of the successful Offeror to accept these obligations in a contract or similar acquisition instrument may result in cancellation of the award and such Offeror may be removed from future solicitations.

15. STANDARD CONTRACT

A. After award and before contract execution the successful Offeror must be registered to do business in the State of Colorado. This registration is maintained through the Colorado Secretary of State Office (http://www.sos.state.co.us/). If Offeror is a foreign corporation (formed under a statute or common law in a jurisdiction other than Colorado) or other foreign entity transacting business in the State of Colorado, shall warrant that it currently has obtained and shall maintain any applicable certificate of authority to transact business in the State of Colorado and has designated a registered agent in Colorado to accept service of process.

http://www.sos.state.co.us/

i. Except as modified herein, the standard State Contract Terms and Conditions and the Sample Model Contract (attached separately on ColoradoVSS as Exhibit A and referred to as the “Contract”) included in this RFP shall govern this procurement and are hereby incorporated by reference. Please note this Model Contract lists the State’s required legal provisions but does not include the specific scope of work and requirements for this RFP. This SOW and other specifics will be attached to the awarded Offeror’s contract as an exhibit.

ii. Due to the time constraints of this procurement, this Model Contract Terms and Conditions are non-negotiable. Offerors shall complete the attached Affirmation Page (Attachment 2). The selected Offeror must agree to expedite the execution of final contract with their company or OEDIT reserves the right, in our sole discretion, to award to the next Offeror most susceptible of award.

iii. The Offeror is expected to review the attached Model Contract and is strongly encouraged to seek advice from legal counsel regarding such contractual exceptions. If a “Notice of Intent to Award” has been issued, and the parties are unable to enter into a contract that is fully satisfactory to OEDIT within a reasonable period of time, at OEDIT’s sole discretion, OEDIT may elect to cancel the “Notice of Intent to Award” and commence contract negotiations with another Offeror within the competitive range.

16. NEWS RELEASES

A. News releases pertaining to this RFP shall NOT be made prior to execution of the contract without prior written approval by the State.

i. Once OEDIT has awarded this RFP, as documented in the “Notice of Intent to Award”, that Offeror should refrain from publicizing or promoting their involvement with this effort in any way. A violation of these conditions may be considered sufficient cause to reject an Offeror’s proposal and/or selection irrespective of any other condition.

17. CONFLICTS OF INTEREST

A. OEDIT requests the applicant organizations disclose information about any situation that poses an actual, potential, or perceived conflict of interest with OEDIT, the Governor’s Office, or the Colorado Office of State Planning and Budgeting. The holding of public office or employment is a public trust. A public officer or employee whose conduct departs from his fiduciary duty is liable to the people of the State. Offerors shall note any potential conflict of interest on Attachment 1, Signature and Attestation Page. Rules of conduct for public officers and state employees:

i. Proof beyond a reasonable doubt of commission of any act enumerated in this section is proof that the actor has breached his fiduciary duty.

ii. A public officer or a state employee shall not:

a. Engage in a substantial financial transaction for her/his private business purposes with a person whom she/he inspects, regulates, or supervises in the course of his official duties;

b. Assist any person for a fee or other compensation in obtaining any contract, claim, license, or other economic benefit from her/his agency;

c. Assist any person for a contingent fee in obtaining any contract, claim, license, or other economic benefit from any state agency; or

d. Perform an official act directly and substantially affecting its economic benefit a business or other undertaking in which she/he either has a substantial financial interest or is engaged as counsel, consultant, representative, or agent.

e. Serve on the Board of any entity without disclosure to the entity, the Secretary of State, and his/her employer.

iii. A head of a principal department or a member of a quasi-judicial or rule-making agency may perform an official act notwithstanding paragraph (d) of subsection

(ii) of this section if her/his participation is necessary to the administration of a statute and if she/he complies with the voluntary disclosure procedures under §24-18-110, C.R.S.

iv. Paragraph (c) of subsection (ii) of this section does not apply to a member of a board, commission, council, or committee if she/he complies with the voluntary disclosure procedures under §24-18-110, C.R.S. and if she/he is not a full-time state employee. Reference §24-18-108, C.R.S., as amended.

18. TAXES

The State of Colorado, as purchaser, is exempt from all federal excise taxes under Chapter 32 of the Internal Revenue Code (Registration No. 84-730123K) and from all state and local government use taxes §39-26-114(a), C.R.S. The Colorado State and Local Sales Tax Exemption Number is 98-02565. Offeror is hereby notified that when materials are purchased in certain political sub-divisions (for example - City of Denver), the Offeror may be required to pay sales tax even though the ultimate product or service is provided to the State of Colorado. This sales tax will not be reimbursed by the State.

19. PUBLIC CONTRACTS FOR SERVICES

A. Effective May 13, 2008, Contractors who enter into or renew a public contract for services with Colorado state agencies or political subdivisions must participate in either the Federal E-Verify program, or the Colorado Department of Labor and Employment Program. For more information see:

i. E-Verify Program: http://www.dhs.gov/e-verify or,

ii. Colorado Department of Labor and Employment Program and notice forms:

Division of Labor Standards and Statistics:

https://www.colorado.gov/pacific/sites/default/files/EVL%20Fact%20Sheet.pdf

20. CONTRACT PERFORMANCE FOR SERVICES OUTSIDE UNITED STATES OR COLORADO

A. §24-102-206, C.R.S.: Colorado now requires Contractors to give written notice in accordance with the following State Contract terms and conditions:

B. If any services are performed outside the United States or Colorado:

https://www.colorado.gov/pacific/sites/default/files/EVL%20Fact%20Sheet.pdf

i. Prior to contracting or as a requirement for the solicitation of any contract from the state for services, as appropriate, any prospective Offeror shall disclose in a written statement of work whether it anticipates subcontracting any services under the contract, where such subcontracted services will be performed under the contract, including any subcontracts, and whether any subcontracted services under the contract or any subcontracts are anticipated to be performed outside the United States or the state. If the prospective Offeror anticipates services under the contract or any subcontracts will be performed outside the United States or the state, the Offeror shall provide in its written statement of work a provision setting forth why it is necessary or advantageous to go outside the United States or the state to perform the contract or any subcontracts.

ii. Following the Contract Effective Date, Contractor shall provide written notice to the State, within 20 days of the earlier to occur of Contractor’s decision to perform, or its execution of an agreement with a Subcontractor to perform, Services outside the State of Colorado and/or the United States. Such notice shall specify the type of Services to be performed outside the State of Colorado and/or the United States and the reason why it is necessary or advantageous to perform such Services at such location or locations. All notices received by the State shall be posted on the Colorado Department of Personnel & Administration’s website. Knowing failure by Contractor to provide notice to the State shall constitute a material breach of a future contract

C. Noncompliance

i. Contractor’s failure to provide reports and notify the State in a timely manner may result in the delay of payment of funds and/or termination as provided under this Contract.

21. SUBCONTRACTS

Copies of all subcontracts entered into by awarded Offeror to perform its obligations hereunder shall be submitted to the State or its principal representative upon request by the State. All subcontracts entered into by awarded Offeror related to its performance hereunder shall comply with all applicable federal and state laws and shall provide that such subcontracts be governed by the laws of the State of Colorado.

22. SERVICE-DISABLED VETERAN OWNED SMALL BUSINESS (SDVOSB) PARTICIPATION

SDVOSB Offerors must submit documentation of certification issued through the U.S. Small Business Administration in their Proposal. §24-103-905 C.R.S. sets a SDVOSB goal of at least 3% of all contracts by dollar value be awarded to SDVOSBs who must be incorporated or organized in Colorado or they must maintain a place of business or have an office in Colorado and must be officially registered and verified as a SDVOSB by the United States Small Business Administration.

23. OFFEROR ASSISTANCE

Any Offerors needing support responding to solicitations may contact the Colorado Supplier Diversity Navigator at the Statewide Equity Office of Supplier Diversity. Services provided include assistance with responding to solicitation, interpretation of solicitation documents, technical assistance referrals, availability of resources, construction bond assistance through the Construction Statewide Bond Assistance Program, and free business directory listings and verifications through the Colorado Supplier Diversity Directory. The office can be reached during normal business hours by calling 303-866-5765 or emailing DPA_SupplierDiversityHelp@state.co.us.

24. NON-RESIDENT BIDDERS

The State, under §24-103-908 (3), C.R.S. requires that if a non-resident bidder is from a state that provides a bidding preference to bidders from that state, then a comparable percentage disadvantage will be applied to the bid of that non-resident bidder.

25. ACCESSIBILITY

All work performed as a result of this solicitation must comply with all applicable provisions of §§24-85-101, et seq., C.R.S., and the Accessibility Standards for Individuals with a Disability, as established by the Office Of Information Technology pursuant to Section §24- 85-103 (2.5), C.R.S. and 3) all State of Colorado technology standards related to technology accessibility and with Level AA of the most current version of the Web Content Accessibility Guidelines (WCAG), incorporated in the State of Colorado technology standards.

26. NON-DISCRIMINATION:

The Offeror shall comply with all applicable state and federal laws, rules and regulations involving nondiscrimination on the basis of race, color, religion, national origin, age, or sex.

SECTION 3 - PROGRAM OVERVIEW AND SCOPE OF WORK

1. BACKGROUND

A. In May of 2026 the Governor and the State Legislature created the Transit Investment Area Act through HB26-1065. This Act promotes transit-oriented development by establishing a tax increment financing (TIF) program to provide funding for infrastructure close to passenger rail stations and public transit stations that will make it easier for people to access and use those transportation facilities. This program will capture future increases in State sales tax revenue resulting from the increase of in-person sales in the designated TIF area over a financing period not to exceed 30 years and divert a portion of this revenue to pay for the infrastructure project, called a Transit Investment Project. This program differs from traditional TIF districts in that the State will award the TIF mechanism to one or more local governments based on the local government’s Transit Investment Project meeting certain criteria and the location of the district being within a Transit and Housing Investment Zone, which is a two-mile radius of a transit station. The Colorado Office of Economic Development & International Trade is managing the program and Colorado Economic Development https://urldefense.proofpoint.com/v2/url?u=https-3A__dhr.colorado.gov_statewide-2Dequity-2Doffice_supplier-2Ddiversity&d=DwMFaQ&c=sdnEM9SRGFuMt5z5w3AhsPNahmNicq64TgF1JwNR0cs&r=2K9kkYDPzg9W7wrnb9URPPzWuzXzmzc6oQUqmP_d9mA&m=UsSCoCc_Nnj_It7iTj2w9Xh-U0kW8zKwh7sIdTrgvW_OXQDDQG8CMBmOZsCmKo6l&s=AHk9LQL8xQKwtYW6AlMhIpKhc64M4gHnBm1wvGiKqhU&e= https://urldefense.proofpoint.com/v2/url?u=https-3A__dhr.colorado.gov_supplier-2Ddiversity_construction-2Dand-2Dbond-2Dassistance&d=DwMFaQ&c=sdnEM9SRGFuMt5z5w3AhsPNahmNicq64TgF1JwNR0cs&r=2K9kkYDPzg9W7wrnb9URPPzWuzXzmzc6oQUqmP_d9mA&m=UsSCoCc_Nnj_It7iTj2w9Xh-U0kW8zKwh7sIdTrgvW_OXQDDQG8CMBmOZsCmKo6l&s=zAjgTZu5BkDViYCi42ZSaaEFbnZ4EzaMtQulSrBPsw8&e= https://urldefense.proofpoint.com/v2/url?u=https-3A__dhr.colorado.gov_supplier-2Ddiversity_colorado-2Dsupplier-2Ddiversity-2Ddirectory&d=DwMFaQ&c=sdnEM9SRGFuMt5z5w3AhsPNahmNicq64TgF1JwNR0cs&r=2K9kkYDPzg9W7wrnb9URPPzWuzXzmzc6oQUqmP_d9mA&m=lJCgtcQ4bpjUYTb-DL2vTiTtjs5tP9GdjxCxohJukG4cRYarpnnyVjmEkozBFRPl&s=nq-3ZxXvzK0CyjE_Sukw4DfkzHfxneqrfzbnzxsO-hw&e= mailto:DPA_SupplierDiversityHelp@state.co.us https://leg.colorado.gov/bills/HB26-1065

Commission is responsible for approving the Transit Investment Projects and the TIF areas, called Transit Investment Areas. A maximum of three (3) Transit Investment Projects and Transit Investment Areas can be approved in the 2027 calendar year and three (3) in the following year.

B. The Colorado Office of Economic Development & International Trade (OEDIT) is seeking to hire a qualified, economic analyst or firm with proven expertise in economic and financial analysis of tax increment financing districts to assist OEDIT and the Colorado Economic Development Commission (EDC) with the baseline growth rate Assessment and a full feasibility and “but-for” economic analysis of the proposed project with State sales tax increment revenue projections (“Economic Analysis”).

Also, the report will include an assessment of how the applicant’s Project and Area meet the criteria identified in the legislation.

C. In accordance with section 24-110-201, C.R.S., the award under this solicitation will be a cooperative purchasing agreement available for use by the State Agency issuing this solicitation and other State and local Agencies and Political Subdivisions, on the terms, conditions and rates set forth in the cooperative purchasing agreement. Each agency or entity ordering goods or services under the contract will be responsible for all costs and expenses incurred in connection with its orders.

D. The Offeror may not be performing economic analysis or other related work that will be used to complete a pre-application of a Transit Investment Area or an application of a Transit Investment Project.

2. SCOPE OF WORK/SPECIFICATIONS

A. Phase 1 - Transit Investment Area and Baseline Growth Rate Assessment

OEDIT will provide the Offeror with the information submitted by the local government applicant with their pre-application which includes the geographic boundaries of each proposed Transit Investment Area, all parcels to be included in the increment area in whole or in part, the estimated pre-development base year revenue, and data and reasoning the applicant used in to arrive at their proposed baseline growth rate and the estimate of State sales tax increment revenue for the Area.

i. The Offeror will perform economic modeling and calculate the State sales tax baseline growth rate for each proposed Transit Investment Area, considering any State sales tax increment financing already approved for the Area. This will result in an economic assessment of the baseline State sales tax growth rate for each proposed Transit Investment Area submitted to OEDIT.

ii. The Offeror will research and analyze property assessment records, inflation, regional economic forecasts, and any other information or data from the previous ten (10) calendar years that is available to identify the base year value of State sales tax revenue for each Transit Investment Area. This may include having conversations with the Department of Revenue and local governments to obtain and understand the data.

iii. The Offeror shall provide a final Assessment document for each Transit Investment Area to OEDIT with the recommended baseline growth rate for State sales tax, a summary of the data used and reasoning as to why the Offeror arrived at this baseline growth rate and how, if at all, this rate is different from the applicant’s proposed baseline growth rate.

iv. The Offeror shall be available to answer questions and provide clarifications on each baseline growth rate assessment to OEDIT, the Office of State Planning and Budgeting (OSPB) and the EDC before this Commission finalizes the Transit Investment Area’s Growth Rate. This includes attending one or two EDC meetings virtually or in-person.

B. Phase 2 - Project Application & Economic Analysis Report

Once the Baseline Growth Rate for a Transit Investment Area is approved by the EDC and accepted by the local government, the local government is eligible to submit an application for the Project.

i. The Offeror shall create an Economic Analysis report for each proposed Transit Investment Project and Area. The EDC shall use the Economic Analysis report when reviewing an application for State sales tax increment financing.

a. The Offeror may rely on the data and reasoning as it deems appropriate to evaluate forecasted economic development including the projected real estate development, growth in commercial activity, tourism, increase in the residential population, jobs or any other economic improvements that will increase State sales tax revenue that will be catalyzed, induced, supported, or facilitated by the proposed Transit Investment Project in the surrounding Transit Investment Area.

b. State sales tax revenues must be calculated on a State fiscal year basis for all fiscal years during and after the Transit Investment Project financing term. The State fiscal year is July 1st through the last day of the following June.

c. The same methodology shall be used to forecast property development and cash flows across all application evaluations.

ii. The Offeror shall submit each Economic Analysis report with the final conclusions to OEDIT and the local government that applied. Each report will include the following information:

a. An estimate of the total State sales tax increment revenue during the financing term in the proposed Transit Investment Area that can be captured and used for the Transit Investment Project.

b. An estimate of the maximum annual dollar amount of State sales tax increment revenue in the Transit Investment Area that can be collected and used for the Project.

c. A summary of the Offeror’s assumptions, calculations, and a detailed explanation of the methodology used to derive the Offeror’s final conclusions. Tables and supportive text should assist the reader through each calculation. All independent variables must be sourced.

d. An evaluation of whether and how the proposal meets the legislative criteria, as described in C.R.S. 24-46-403 (4). The State will provide information that the State departments have available to assist the Offeror with evaluating the Transit Investment Project and the Transit Investment Area through the lens of these criteria:

1) The proposed Transit Investment Project is reasonably anticipated to result in a substantial increase in transit utilization.

2) The boundaries of the proposed Transit Investment Area are only as large as necessary to accomplish the proposed Transit Investment Project goals.

3) The proposed Transit Investment Project or substantial portions of the proposed Project have been identified as part of a local plan or planning process.

4) The costs for the proposed Transit Investment Project are eligible costs per the legislation and C.R.S. section 24-46-403 (3)(c)(II).

5) The local government applicant has provided reliable economic data demonstrating that, in the absence of State sales tax increment revenue, the proposed Project is not reasonably anticipated to be developed within the foreseeable future.

6) The Project budget is based on Colorado prevailing wage rates and includes the costs necessary to utilize a certified apprentice program participant for a specified percentage of total work hours in designated trades in the construction of the Transit Investment Project.

iii. OEDIT may request the Offeror provide additional information to help the EDC make the final decisions on Transit Investment Projects or to make minor revisions to an Economic Analysis report, if there is time in the current application cycle.

iv. The Offeror will meet virtually or in-person with the EDC to provide a brief presentation and answer questions on the Economic Analysis report for each Transit Investment Project and Area either at the public hearing to review the Project applications or at a subsequent meeting or meetings.

3. REQUIREMENTS

A. Mandatory Requirements

i. The Offeror's key personnel performing the Assessment and Economic Analysis must have a minimum of five (5) years' experience performing financial modeling and economic analyses for tax increment financing and an understanding of Colorado's sales tax statutes.

ii. The Offeror's key personnel performing the finance and economic work must have formal education or training, such as undergraduate degrees, Master's degrees or advanced certificates in subjects related to the role that he/she/they play for this project.

iii. The Offeror shall list and describe three (3) projects that the Offeror and its key personnel have completed within the last ten (10) years that are of similar size and scope of work described in this RFP.

iv. The Offeror shall submit plain true copies of the Offeror’s end of year financial statements to confirm that the Offeror has adequate financial resources for performance of a future contract that will be paid on a reimbursement basis.

These financial statements include the balance sheet, income statement, and statement of cash flows.

v. The Offeror must disclose all current or pending contracts with the State of Colorado and all bids or proposals submitted but not yet awarded.

vi. The Offeror must disclose all current and pending contracts with local governments in Colorado specifically for financial modeling or economic analysis of future or potential transit increment financing projects or transit oriented development.

B. Preferred Requirements

i. It is preferred that the person(s) performing the economic analysis have advanced training, certifications or degrees with focus in data analytics, quantitative economic policy modeling or related topics and that the key personnel have more than eight (8) years of expertise performing in the field of economic or financial analysis.

4. AWARDED CONTRACTOR’S RESPONSIBILITIES

A. Executing all tasks, deliverables, and milestones exactly as specified in the Scope of Work.

B. Maintaining the quality of work such that the work meets or exceeds the specified industry standards and contract requirements.

C. Adhering to the agreed-upon schedule, project milestones, start dates for phases and final completion dates.

D. Contractors shall be working with multiple government entities and are expected to maintain a respectful and diligent manner. Providing fully trained personnel capable of performing the required tasks.

E. Ensuring that individuals designated as "Key Personnel" remain on the project, or providing equivalent replacements if changes are necessary. OEDIT reserves the right to approve any replacement personnel.

F. Managing and supervising all employees, sub-contractors, and agents without requiring the client to oversee daily operations.

G. Providing all necessary tools, software, and resources required to complete the job.

H. Attending a minimum of two (2) EDC meetings virtually or in-person.

I. OEDIT shall own all assets created in conjunction with this RFP award.

J. Additional projects of a similar nature may be awarded as the result of securing this

RFP.

5. ANTICIPATED TIMELINE

A. This is a 2-year project.

6. LOCATION OF PERFORMANCE

A. Most of the work is expected to take place at Offeror’s primary business address and/or virtually.

7. BUDGET AND PRICING

A. The budget for Phase 1 - The Baseline Growth Rate Assessment, for the proposed Tax Incentive Area is capped at $7,500. per report.

B. The budget for Phase 2 - Project Application & Economic Analysis Report is capped at $60,000 per report.

C. Price Proposals should describe how this amount will be allocated to achieve the project requirements described above. Compensation should be broken down by specific tasks, with specific budgets for milestones and/or deliverables, D. The prices and/or cost data proposed must be determined by the Offeror independently without consultation, communication, or agreement with any other organization or in competition for this procurement.

SECTION 4 - PROPOSAL RESPONSE FORMAT

1. GENERAL SUBMISSION INSTRUCTIONS

A. Proposals must be received on or before the date and time indicated in the Schedule of Activities. Late proposals will not be accepted. It is the responsibility of the Offeror to ensure that the proposal is received by Purchasing and Contracts Office on or before the proposal due date and time. Offerors shall allow sufficient delivery time to ensure receipt of their proposals by the time specified.

B. Offerors are encouraged to respond in detail to Section 2, Program Overview and Scope of Work.

C. Proposals will be accepted using an online submission process only. To use this process, please send an email to RFP_202.4ekfdceccobyibe1@u.box.com, attaching your proposal as a zip folder. Please note the following:

i. The subject line and the body of the email are not uploaded into the online submission application and will not be received by OEDIT. Only email attachments are uploaded. The solicitation submission application is only for proposal submission. Should any Offeror wish to ask a question or make a comment regarding the solicitation, Offerors should send a separate email to oedit_procurement@state.co.us.

ii. Offerors should submit one zip folder that contains all required proposal submission documents. The zip file name should include the following title: RFP EDAA 2027000050 Tax Increment Financing Analysis Consultant, and the Offeror’s Name.

iii. The solicitation submission process typically uploads proposals within five (5) minutes. Offerors are advised to submit proposals no later than one hour prior to the solicitation deadline to ensure the proposal has been received.

iv. The application sends an email confirmation if the proposal was uploaded correctly. It is the Offeror’s responsibility to ensure that the proposal is uploaded correctly and ensure confirmation of the upload.

v. Please do not encrypt your email. The e-submission application automatically encrypts attachments, and any additional encryption may result in failure to upload the proposal.

2. MODIFICATION OR WITHDRAWAL OF PROPOSALS

Proposals may be modified or withdrawn by the Offeror prior to the established due date and time. Modification or withdrawal requests must be submitted in writing to oedit_procurement@state.co.us. Withdrawal of an Offeror’s proposal following the proposal submission deadline and prior to award may be allowed, in the State’s discretion.

3. MISTAKES AND MINOR INFORMALITIES IN OFFEROR PROPOSALS

A. In certain circumstances, an Offeror may correct a mistake(s) in its proposal and/or the State may waive minor informalities.

4. PROPOSAL FORMAT INSTRUCTIONS

OEDIT will not consider the submission of brochures, references to websites or other marketing material as a substitute for written responses to the requirements.

A. Narrative length and page formatting

i. Offerors should adhere to the following length and page formatting instructions.

Accessible formatting standards should be met.

a. Maximum proposal Length: 20 pages, excluding resumes, attachments and examples

b. Font Style: Calibri or Arial font

c. Font Size: twelve (12) point

d. Spacing: 1.5

e. Margins: One (1) inch margin on all sides

f. Paper: 8 ½ X 11

g. Header: Offeror Name

h. Footer: Page number

ii. Unnecessarily elaborate proposals are not desired.

iii. All acronyms in the proposal must be defined.

5. TECHNICAL PROPOSAL FORMAT

Proposal sections must be clearly identifiable, and contain the following specifics:

A. Cover Page, including the following information:

i. RFP Number and title

ii. Offeror name

iii. Offeror address

iv. Point of contact for RFP

v. Phone number

vi. Proposal due date and time

B. Table of Contents C. Administrative Documents Section

i. Proposals must include the following documents:

a. Signed Signature Page and Conflict of Interest Attestation Page (Attachment 1).

(i) Disclosure of pending or current projects

1. List all current or pending contracts with the State of Colorado and all bids or proposals submitted but not yet awarded.

2 . List all current and pending contracts with local governments in Colorado specifically for financial modeling or economic analysis of future or potential transit increment financing projects or transit-oriented development.

b. Signed RFP Affirmation Page (Attachment 2)

c. Signed Vendor Accessibility Checklist Affirmation (Attachment 3)

(i) All questions and answers must be submitted with the Technical Proposal

(ii) Vendor Accessibility Checklist questions can be found at:

https://oit.colorado.gov/a-guide-to-accessible-web-services/procurement-toolkit/vendor-accessibility-checklist

d. Completed and signed W-9 (Attachment 4)

e. Vendor Performance Disclosure Form (Attachment 5)

f. Colorado Secretary of State Certificate of Good Standing

g. SDVOSB Certification, if applicable

D. Executive Summary

i. In no more than two (2) pages, Offeror shall furnish a cover letter or executive summary to introduce the firm and its qualifications, and to provide a general overview of its proposal.

a. The Offeror shall provide the overview of the Offeror organization; it's background, mission, and the services offered by in-house staff. If using subcontractors, the Offeror shall explain this and describe how much of the work will be outsourced and how much of the work will be performed in-house.

b. The Executive Summary should provide the reader with an overall understanding of the proposal and the Offeror’s approach to the Scope of Work.

E. Proposal Response Section Provide full and complete answers to the information requested in this RFP by presenting sufficient information to reflect a thorough understanding of the requirements and a detailed description for the techniques and procedures for achieving the objectives of this RFP In the proposal, the Offeror should address the requirements in the same sequence they are found in Section 4, Proposal Response Format. Use of phrases such as “will comply” or “standard techniques will be employed” will be considered insufficient and may be given a lesser score during the evaluation.

i. Key Personnel Relevant Organizational Experience and Capabilities

a. Qualified Offerors will be required to demonstrate capabilities and proven successes.

1) Identify key personnel who will be assigned to the project. Briefly describe their experience and the duties they will be performing on this project.

https://oit.colorado.gov/a-guide-to-accessible-web-services/procurement-toolkit/vendor-accessibility-checklist https://oit.colorado.gov/a-guide-to-accessible-web-services/procurement-toolkit/vendor-accessibility-checklist

2) Explain how your team will handle changes in the team if any of the key personnel cannot fulfill their duties and responsibilities in this scope of work.

3) Describe how the project will be managed.

4) Attach resumes of the key personnel in a separate pdf, including subcontractors acting as outside consultants (if applicable) Each resume shall include the key personnel’s education, training, and experience.

The State reserves the right to ask Offerors to provide written Confirmation of educational attainment of educational degrees or certifications, if necessary after the proposal is submitted.

ii. Project Approach and Capability Section

a. Describe how the Team will address the responsibilities set forth in this RFP with regards to the approach of the Scope of Work, and how the proposed approach is compatible with the stated goals of this program.

1) What is the methodology your team plans to use for calculating net fiscal impacts? How will your preferred model evaluate how changes in core economic and consumer assumptions impact projected tax revenue generation, debt service coverage, and project feasibility?

2) What specific historical data streams does your team plan to use to establish the baseline growth rate, and how do you account for missing or unfiled merchant tax returns?

3) How will your team verify data integrity across multiple sources?

4) What challenges should a local government be aware of before establishing a sales tax financing district to fund a development project?

b. How does your organization plan to help EDC members or local government staff who are unfamiliar with tax increment financing understand the information in the economic analysis of TIF area and project?

c. How will your team address special requests from local government applicants after the baseline assessment is set by EDC (e.g. meeting presentation for elected officials, adjustments to analysis completed according to the State of Colorado contract)?

iii. Examples of Previous Projects - reference Section 3. 3. A. iii.

a. Provide the name of the organization that hired the Offeror’s firm or the Key Personnel for the project.

b. Provide principal contact(s) from that organization, his/her/their email address and telephone number.

c. Describe these projects with enough detail to enable the evaluation committee to understand and assess the similarity of those projects with this TIF program.

d. List the dates when this work was performed and completed.

e. Provide links to the identified previous projects that are published to a website. If a link is not available or accessible for one or more of the previous works completed, please provide a pdf copy of the studies, assessments or analysis reports.

f. The contacts will be called to verify that the Offeror completed the work successfully and to obtain qualitative feedback from the contacts on the Offeror’s performance on the projects.

6. PRICE PROPOSAL FORMAT

A. Offerors shall separately submit their proposed pricing that supports their response to Section 2, Program Overview and Scope of Work. The Price Proposal shall include your company’s pricing models and pricing narrative.

B. Offerors shall outline pricing models and include a detailed pricing narrative that justifies its rates within the scope of services.

C. Include the following in the Price Proposal:

i. Breakdown of services and associated rates.

ii. Research costs that are not included in your company’s breakdown of services and rates (if applicable).

iii. Setup fees or monthly service fees (if applicable).

iv. Any additional known fees associated with implementation of, or management of the requirements.

v. Billing terms.

Note: Payments will be in the form of reimbursement. Per HB26-1065, the Local

Government applicants will pay the Consultant directly for Phase II, the full economic analysis associated with this RFP.

7. CONFIDENTIAL/PROPRIETARY INFORMATION PROPOSAL FORMAT

A. Confidential/Proprietary information must be submitted as a separate Proposal file and marked as such. Any proposed restrictions on the use or inspection of material contained within a proposal response shall be clearly stated in the proposal response.

Offerors may request OEDIT to consider confidential or proprietary information through the following steps:

i. Step 1: The Offeror, with its proposal, shall submit a Cover Letter with the Confidential Proposal, requesting confidentiality. The Offeror must provide a justification for the elements to be considered confidential/proprietary.

ii. Step 2: Confidential/proprietary information must be readily identified, marked, and packaged separately from the rest of the proposal. Commingling of confidential and/or proprietary information with other information is NOT acceptable.

iii. Step 3: The OEDIT Purchasing and Contracts Office will make a written determination as to the apparent validity of any written request for confidentiality. Neither a proposal in its entirety, nor proposal price information will be considered confidential and proprietary. Any information that will be included in a resulting contract cannot be considered confidential.

iv. Step 4: In the event OEDIT does not concur with the Offeror’s request for confidentiality, the written determination will be sent to the Offeror. Ref. §24- 72-201 et. seq., C.R.S., as amended, Public (open) Records.

v. Step 5: If the Offeror does not agree with the Purchasing and Contracts Office’s determination and the parties cannot come to an agreement, the Offeror may file a protest. See Section 4, 5.F. for more information regarding protest rights.

B. After award, the proposals shall be open to public inspection subject to any continued prohibition on the disclosure of confidential data, C.R.S. Title 24, Article 72, Part 2 as amended.

SECTION 5 - EVALUATION AND AWARD

1. EVALUATION OF PROPOSALS

A. The evaluation will identify the proposals that most effectively meet the requirements of this RFP. The work will be offered to the Offeror whose proposal, conforming to the RFP, will be most advantageous to the Department, as well as other factors being considered.

i. The State of Colorado will conduct a comprehensive, fair and impartial evaluation of each proposal received. First, all proposals will be submitted to the OEDIT Purchasing and Contracts Office for acceptance. The OEDIT Purchasing and Contracts Office will be responsible for ensuring that:

a. The Offeror's…