Office of the DC Chief Financial Officer, Attn: MSC-Procurement, 441 4th Street -- Judiciary Square, Room 440-South, Washington, DC 20001

R -- TAX INCREMENTAL FINANCING (TIF) -- FEASIBILITY CONSULTING SERVICES DUE 051599 POC POC: Gerald Widdicombe 202-727-0481 The Office of Finance & Treasury is searching for capable and interested vendors to particpate in a Blanket Purchase4 Agreement (BPA) for Feasibility Consultant Services in respect to the following Statement of Work (SOW) by Wednesday September 15, 1999: Task 1 -- Feasibility Analysis of the Project. Provide a feasibility analysis including an evaluation of the marketing plan, market acceptance, financial viability and analysis of direct and indirect economic impact of the project. Provide an opinion regarding whether or not the project is feasible without TIF. Task 2 -- Description of Sources and Uses of Funds for the Project. a) The Sources of Funds description should include a description of the terms and conditions of the obligations for all applicable equity financing, lender financing (whether construction-related or permanent), governmental financing, or any other financing received. The description should also note financing applications made that have been rejected. b) Description of the utilization of financing subsidies from the federal government and other sources. Task 3 -- Critical Review of the Applicant's Pro Forma Income and Expense Schedules for the project. These should be two sets: (a) one set without a TIF allocation and (b) one set with a TIF allocation. Task 4 -- Critical Review of the Applicant's Internal Rate of Return Analysis on equity assuming a five-year and ten-year holding period. There should be two sets: (a) one without a TIF allocation and (b) one with a TIF allocation. Task 5 -- Critical Review of the Applicant's Analysis of Future Public Costs. Describe additional costs to the public sector if the project is completed. These costs may include short-term costs during the construction phase (e.g., expansion of utility lines, street and sidewalk improvements, and other financial subsides), and on-going costs. Include information whether the applicant expects to reimburse the District for any public costs. Task 6 -- Displacement Analysis of Economic Activity. Provide a narrative describing economic activity displaced by the project, including jobs, sales and other activity (1) at the project site and (2) at other District locations due to the new project. For example, if the applicant expects retailers to vacate other locations in the District in favor of the proposed TIF area, this must be disclosed and discussed. At a minimum, the applicant must include information on the population areas from which the project will draw and information on the businesses of similar type that would be competing with project area businesses. Task 7 -- Analysis of the Net Economic Benefit of the District. Using the analysis from Task (3) and (6), demonstrate the net economic benefits to the District by showing all incremental tax revenue throughout the District (not limited to real property or sale taxes) less any tax displacement. Task 8 -- Fiscal Report for Bond Offering Statement. Work with the District Bond Underwriters and Counsel to produce an industry-standard fiscal report that fully describes the TIF project for the Offering Statement. Posted 09/07/99 (W-SN377044). (0250)

Loren Data Corp. http://www.ld.com (SYN# 0087 19990909\R-0012.SOL)