885 R.I. Code R. 885-RICR-00-00-3.7

Current through December 3, 2024

Section 885-RICR-00-00-3.7 - Tax Increment Financing (TIF) Fees

A. Applicant shall be invoiced for all public hearing fees paid by the Waterfront Commission including legal notice and stenographer costs. Applicant shall be responsible for certified mailing to property owners within the two hundred foot (200') public notice area.

B. Applicant shall be responsible for reimbursement of all consultant fees including legal and TIF bond review fees incurred by the Waterfront Commission. Waterfront Commission fees are exclusive of any fees or reimbursable costs incurred for City review.

3.7.1Application

The TIF application fee, payable to the East Providence Waterfront Commission, is four thousand dollars ($4,000.00) for TIF requests up to fifteen million dollars ($15,000,000.00); five thousand dollars ($5,000.00) for TIF requests fifteen million dollars ($15,000,000.00) to thirty million dollars ($30,000,000.00); and seven thousand five hundred dollars ($7,500.00) for TIF requests above thirty million dollars ($30,000,000.00).

3.7.2TIF Amendment Fee

TIF modification or amendment application fee, payable to the East Providence Waterfront Commission, is three thousand dollars ($3,000.00) for requests up to fifteen million dollars ($15,000,000.00), four thousand dollars ($4,000.00) for requests fifteen million dollars ($15,000,000.00) to thirty million dollars ($30,000,000.00) and five thousand dollars ($5,000.00) for requests above thirty million dollars ($30,000,000.00).

885 R.I. Code R. 885-RICR-00-00-3.7

Adopted effective 7/1/2019
Amended effective 10/19/2020