City of Wichita - Industrial Revenue Bonds IRB Procedure
Sunday, February 12, 2012 :: Currently 16 degrees in Wichita

IRB Procedure

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
telephone: (316) 978-3225
fax: (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
e-mail: ABell@wichita.gov
telephone: (316) 268-4524
fax: (316) 268-4656

For calculation of your percentage of tax exemption eligibility, see Tax Exemption Calculation Tables.

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City Hall, 13th floor
455 North Main
Wichita, KS 67202

Hours:
8 AM-5 PM
Monday-Friday

Phone: (316) 268-4524
Fax: (316) 268-4656

Allen Bell
Director

Mark Elder
Development Analyst

Tim Goodpasture
Economic Development Analyst