The City of Corvallis has awarded a contract to Economic Consultants Oregon, LTD dba ECONorthwest for financial consulting services related to the evaluation of public incentive applications. The scope of work includes reviewing and analyzing the feasibility of residential, commercial, and industrial projects proposed for tax increment financing (TIF) funding, as well as providing financial consultation services for affordable housing development projects. The contract is expected to involve a range of tasks, including reviewing market assumptions, analyzing project operating revenues and expenditures, and conducting tax increment financing feasibility studies. Some key aspects of the contract include:
• Review and analysis of project feasibility
• Financial consultation services for affordable housing development projects
• Tax increment financing feasibility studies
• Project operating revenue and expenditure analysis
• Market assumption review
The City of Corvallis encourages disadvantaged, small, minority-, women-, and veteran-owned businesses to submit proposals for similar contracts in the future.