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Forecast The property tax revenue forecast includes a preliminary estimate and a mid -year update. Mid -year forecast updates utilizing recent sales activities, current annual inflationary factors, and pending appeals potential impacts result in highly accurate annual growth estimates. Assessment Appeals The Assessment Appeal Reports analyze historical success rates; pending appeals and the potential impact they may have on the City and are prepared quarterly. Assessment Appeals Reports will contain the following information: 1. Top 20 Property Tax Generators — Listing of top property tax generators combined by owner 2. Current Pending Appeals for Top 20 Property Tax Assesses — Lists appeals filed and pending by top property tax generators 3. Assessment Appeal History and Success Rate — Lists historical disposition of appeals with success rates and financial impact 4. Pending Appeals Total Impact Projections — Calculates potential impact of pending appeals based on historical rates 5. Pending Appeals Annual Impact Projections CAFR Basic Package Reports The CAFR basic package reports assist the City in preparing the statistical section of the cities CAFR reporting requirements and will be provided on an annual basis in the cities format and in compliance with GASB No. 44. The reports include: 1. Assessed and Estimated Market Value 2. Property Tax Land Use Distribution 3. Direct & Overlapping Property Tax Rates 4. Principal (Top 25) Property Tax Payers 5. Principal (Top 25) Sales Tax Producers The Additional CAFR reports that are available include: • Direct and Overlapping Debt • Principal Employers • Demographics and Economic Statistics Implementation Consultant shall provide City with access to PropertyL/NKM within 90 working days following receipt or acquisition of required data. Implementation of the PropertyL/NKTm system occurs in three phases. § Phase One: Requirements Gathering. Consultant shall gather the information needed to generate the database that underlies PropertyL/NKTm. Consultant shall gather: • Secured Assessment Roll for the City's geographic area; • Unsecured Assessment Roll for the City's geographic area; and • In some cases, certain elements of the Property Characteristics file. § Phase Two: Project Plan Approval. Once the information gathering has been completed, Consultant shall deliver the final Property Tax Information Service ("Service") specifications REV: 04-09-19 DZ Page 12 of 16 ATTY/AGR.2019.081/MuniServices, LLC - Property Tax Consultant