Hartland hires firm to analyze TIF districts

By Katherine Michalets - Freeman Staff

March 11, 2015

HARTLAND - The Hartland Village Board agreed Monday to hire Ehlers to review two tax incremental finance districts.

The areas that Ehlers will review include the downtown TIF district No.4 and a related amendment, as well as the possible creation of TID district No. 6.

As part of the agreement, Ehlers will review the developer’s proposed project resources, uses and cash flows to access financial feasibility.

“The results of this analysis will give the client substantial information to help determine if and how to move forward with future negotiations with the developer,” according to a letter from Ehlers outlining what it will do as part of the contract, including estimating client revenues, reviewing the developer’s financial data and to identify options for financing, as necessary.

Ehlers will be compensated hourly and the village can get out of the contract at the ends of different periods in the process. Ehlers said that in past experiences on similar projects, municipalities paid between $2,500 and $7,500 for the analysis based on complexity and availability of information.