Awarded vendors
- Tiberius Solutions, LLC
Description
The City of Vancouver has awarded a contract to Tiberius Solutions, LLC to conduct a feasibility study for Tax Increment Financing (TIF) in two areas of the city. The study will analyze the financial feasibility of using TIF to fund public improvements in these areas. The contract includes three phases: Phase 1 will establish a parcel database and determine development assumptions, Phase 2 will conduct a financial analysis and create a project analysis report, and Phase 3 will address the procedural elements of adopting the TIF. The contract has a maximum compensation of $162,643 and a term of two years, with the option to renew for up to three additional years. The City and Tiberius Solutions, LLC will work together to complete the study, with regular check-in meetings and public briefings. The study will include an analysis of the potential impacts on the local business community, fire service, hospital district, and school districts.