Tax Increment Financing (State Compliance)

Louisville Metro Government (LMG) and the Metro Development Authority (MDA) are seeking qualified consultants through Request for Proposal #260227 to provide Tax Increment Financing (TIF) state compliance support services. The primary scope of work involves preparing and submitting compliance reports required by Kentucky state TIF agreements, including affidavits of capital investment, certificates of independent public accountant verification, notices of activation, activation deadline extension requests, requests for increment disbursement, certifications of increment use, and old revenues exhibits. The consultant will serve as the conduit for reporting and payment of incentives to participating TIF projects, coordinating with the Louisville Metro Cabinet for Economic Development, Office of Management and Budget, project sponsors, and the Kentucky Cabinet for Economic Development. Six active TIF projects currently require ongoing compliance reporting, with potential activation of two additional agreements during the contract term. An optional on-call contract component allows consultants to advise LMG on new proposed TIF deals and provide financial analysis services. Proposals must be submitted through the Bonfire procurement portal at https://louisvilleky.bonfirehub.com/opportunities/232820 by May 13, 2026 at 3:00 PM EDT, with a question period running through May 7, 2026 at 3:00 PM EDT. The contract term runs from July 1, 2026 through June 30, 2027, with options to renew for four additional one-year extensions. Evaluation criteria include firm and key staff expertise (30 points), relevant previous work and projects with five required references (30 points), project approach (20 points), and proposed pricing (20 points), for a total of 100 points. Proposers must submit firm overview and qualifications, relevant experience documentation, project approach, and annual pricing not to exceed 15 pages excluding required forms, with pricing structured as a fixed-price not-to-exceed amount for annual compliance work and optional hourly rates for on-call financial analysis services.

Responding vendors must comply with Louisville Metro Government's diversity and local vendor preferences, including Minority Business Enterprise (MBE) at 15%, Female Business Enterprise (FBE) at 5%, and Historically Underutilized Business (HUB) at 0.5% goals, as documented through Good Faith Effort forms submitted with proposals. Vendors must be registered with the Louisville Metro Revenue Commission with all required taxes paid and must comply with Louisville Metro Codified Ordinance Section 112.30 prohibiting discrimination against persons with prior criminal convictions during initial hiring processes. Vendors are eligible for local vendor preference (5% reduction or 5 points) if established in the Louisville Metropolitan Statistical Area for at least 12 consecutive months, and minimum wage preference (5% reduction) for businesses paying employees at least $10.10 per hour. Kentucky statutory preferences apply, including those for Kentucky Correctional Industries, qualified bidders serving individuals with disabilities, and resident bidder reciprocal preferences. Professional liability insurance with minimum limits of $1,000,000 per wrongful act and $2,000,000 aggregate is required, along with commercial general liability and workers' compensation coverage. No specific award values or budget ranges are disclosed in the solicitation documents; pricing shall remain firm for six months following the proposal closing date, and payment terms are Net 30 days.