An index of procedure for initiation and the basic IRB process.
Here are some helpful steps in preparing the Industrial Revenue Bond financing process:
Contact the City of Wichita's "Bond Counsel" for information related project initiation. The firm of Kutak Rock, LLP, serves as Bond Counsel for the City of Wichita; (816) 502-4665. Contact Ms. Dotty Riley.
When requesting Ad Valorem tax exemption in conjunction with IRB financing, a cost/benefit analysis is required. Contact the Wichita State University Center For Economic Development And Business Research. Ask the CEDBR staff to provide a copy of the "Firm Data Sheet" for your completion and submittal to CEDBR. CEDBR will run a cost/benefit analysis and provide the results to City's Economic Development staff for review.
Contact the Center For Economic Development and Business Research:
Kasey N. Jolly
: (316) 978-3225
: (316) 978-3950
Application of tax exemption application: Most firms use a tax specialist or attorney to prepare the Board of Tax Appeals (BOTA) application. The application is completed and submitted upon completion of the bond financed project, in triplicate, to:
Allen Bell
City of Wichita's Office of Economic Development
: ABell@wichita.gov
: (316) 268-4524
: (316) 268-4656
For calculation of your percentage of tax exemption eligibility, see Tax Exemption Calculation Tables.
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