Economic Development Fees

  Effective July 1, 2022
In-House Economic Development Legal Council Hourly Rate $200 per hour                                                                             
In-House Economic Development Paralegal Hourly Rate $100 per hour

TIF Plans

Legal Costs - Actual costs incurred by the Law Department based on the applicable In-House Economic Development Legal Counsel hourly rate.  This amount will be charged to the Special Allocation Fund for the applicable TIF plan.
  Finance Department Costs - Actual costs incurred by the Finance Department based on applicable hourly rates.  This amount will be charged to the Special Allocation Fund for the applicable TIF plan.
Community Improvement Districts Legal Costs - Actual costs incurred by the Law Department based on the applicable In-House Economic Development Legal Counsel hourly rate.  This amount will be charged to the fund managed by the Finance Department for the applicable CID.
  Finance Department Costs - Actual costs incurred by the Finance Department based on applicable hourly rates.  This amount will be charged to the fund managed by the Finance Department for the applicable CID.
Transportation Development Districts Legal Costs - Actual costs incurred by the Law Department based on the applicable In-House Economic Development Legal Counsel hourly rate.  This amount will be charged to the fund managed by the Finance Department for the applicable TDD.
  Finance Department Costs - Actual costs incurred by the Finance Department based on applicable hourly rates.  This amount will be charged to the fund managed by the Finance Department for the applicable TDD.
Fees and Charges for Tax Abatement Approvals  

Application Fee

0.10% of the proposed amount of the bonds, with $1,000 minimum and $3,000 maximum.  Application Fee shall be annual; if final action on an Application does not occur within one year, a new and updated Application shall be filed together with payment of the new Application Fee.

Issuance Fee: The Applicant shall pay an issuance fee to the City at the closing of the transaction according to the following schedule

 

Principal Amount

 

Fee

  Under $1,000,000 $4,000
  $1,000,000 to $5,000,000 $4,000 + $1 per $1,000 over $1,000,000
  $5,000,000 to $10,000,000 $8,000 + $0.75 per $1,000 over $5,000,000
  $10,000,000 to $50,000,000 $11,750 + $0.25 per $1,000 over $10,000,000
  Over $50,000,000 $21,750 + $0.15 per $1,000 over $50,000,000