Homewood School District 153 Granicus #RFQ TIF Bond Analysis (North Halsted TIF)

Consulting Services for TIF Bond Feasibility and Analysis – North Halsted TIF District, Village of Homewood, IL

The Village of Homewood, Illinois is seeking consulting services for a Tax Increment Financing (TIF) Bond Feasibility and Analysis for the North Halsted TIF District. - Government Buyer: - Village of Homewood, Office of the Village Manager - Scope of Services: - Forecast, evaluate, and analyze the TIF district's increment potential to support debt service for potential bond issuance - Review historical assessed valuation and tax base data - Identify redevelopment activities and evaluate current/future development - Model projected tax increment and bond issuance scenarios - Provide recommendations on debt-service options and financial strategies - Prepare written reports, financial models, and presentations for Village staff and potentially at public meetings - Requirements: - Proven experience with Illinois TIF districts, TIF revenue modeling, and bond feasibility analysis - Familiarity with Cook County property tax practices and municipal finance - Notable Details: - The North Halsted TIF District covers approximately 236 acres, including the former Walmart site - No specific OEMs or product vendors are mentioned; this is a professional services solicitation - Deliverables: - Written report, financial models, and presentations - Place of Performance: - Village of Homewood, North Halsted TIF District

Description

The Village of Homewood is soliciting qualifications from experienced consulting firms to perform a Tax Increment Financing (TIF) Bond Feasibility/Analysis for the North Halsted TIF District. The project involves forecasting, evaluating, and analyzing the TIF district's increment potential to support debt service for bond issuance. The scope includes reviewing historical tax data, assessing current and future development, and providing debt-service options and recommendations. The analysis will inform Village decision makers on the feasibility and timing of issuing TIF-backed bonds for redevelopment and infrastructure improvements.

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