Introduction: The City of Bloomington (“City” or “Owner”) is seeking proposals for professional tax consultant services related to its Community Health and Wellness Center construction project.  Tax consultant work related to this Request for Proposals is expected to run from September 2026 through mid-2029.

Scope of Tax Consultant Services – Inflation Reduction Act, Section 48 & 48E Investment Tax Credit

Project description: The City’s Community Health and Wellness Center (“CHWC”) is a 106,643 square foot multipurpose community facility located at 9801 Penn Avenue South in the City of Bloomington. Total construction costs are approximately $80M and total project costs are approximately $100M.  The CHWC construction and completion is referred to herein as the “CHWC Project.”

Section 48 Investment Tax Credit (“ITC”) basis for a >284 ton geothermal HVAC system is currently estimated at $13.3M. Section 48E ITC basis for a roof mounted solar PV system (250kW – 712kW) is currently estimated at $789K - $2.0M. Beginning of construction: November 1, 2025 (geothermal & solar), Placed in service (geothermal & solar, projected): November 1, 2027. The CHWC Project is pursuing Direct Pay. Consultant scope includes ITC support for both geothermal and solar ITCs.