What kind of documentation should be included in the application if the applicant intends to address Competitive Preference Priority 1 when applying?
To successfully address Competitive Preference Priority 1, an applicant must clearly demonstrate ongoing stakeholder and public support for and commitment to the proposed performance-based compensation system, both during the project period and after the TIF project period ends. For instance, an applicant may want to include commitment letters from teachers, the teacher union representative, school board members or other local officials demonstrating their support for the proposed performance-based compensation system. In the absence of having engaged all relevant sectors in support of its TIF application prior to submittal, an applicant should describe its plans for securing the ongoing support and commitment of these stakeholders and the public. In addition, applicants should provide either a copy of their incorporated status as a non-profit or a copy of their organization’s 501(c)(3).
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