Can this be signed electronically?

Yes. Electronic signatures are legally recognized under the ESIGN Act (15 U.S.C. §7001) and UETA in most states, provided parties consent and any statutory exceptions do not apply.

When is notarization required?

Notarization depends on the instrument type and state law. If a recording or deed acknowledgment is required, follow the state notary and recording rules for the jurisdiction where the property or public record is located.

What happens if a signatory’s name is incorrect?

A mismatched or misspelled signatory name can delay acceptance or be grounds for challenge; correct errors via an amendment or notarized acknowledgment to ensure continuity.

Are remote notarizations acceptable?

Remote online notarization (RON) is permitted by many states with identity proofing and recording requirements; verify the specific state rules before relying on RON.

How long should records be kept?

Retain documents for the active term plus at least three years; follow federal rules such as IRC §6501(a) for tax records and 45 CFR §164.530(j) for HIPAA records where applicable.

Who must sign on behalf of a municipality?

The template should identify the authorized municipal officer or body (e.g., mayor, city manager, or council designee) and include proof of authorization such as a resolution or ordinance.

Electronic Signature
Templates
Miscellaneous
Business Tifs Template

Business Tifs Template

This template is fully customizable. Edit the text, fill out the fields, and send it for signature. Give it a try!

BUSINESS TIFS TEMPLATE

Parties and Effective Date

This General Business Agreement ("Agreement") is entered into and effective as of (Effective Date), by and between:

Party A (Service Provider) — Full legal name Party A Address Party B (Client) — Full legal name Party B Address

Recitals

WHEREAS, Party A is engaged in the business of providing professional services and consulting related to business tax increment financing strategies and related advisory services ("Services"); and

WHEREAS, Party B desires to retain Party A to perform the Services described in this Agreement on the terms and conditions set forth herein; and

WHEREAS, the parties intend that the Services and compensation be governed by mutually agreed obligations set forth below.

Scope of Work

Party A shall perform the services and deliverables described in the scope below. The scope may be amended only by written agreement executed by both parties.

Detailed Scope of Work

Payment Terms

In consideration for the Services, Party B shall pay Party A the fees and expenses set forth below in accordance with the schedule and conditions specified.

Total Contract Amount Payment Schedule and Billing

Late payments shall accrue interest at the rate of per month (or the maximum permitted by law, if lower). Party B shall also reimburse reasonable costs of collection, including attorney fees.

Preferred Payment Method (check all that apply)

ACH / Direct deposit
Wire transfer
Check

Term and Termination

This Agreement shall commence on and shall continue until unless earlier terminated in accordance with this Section.

Either party may terminate this Agreement for convenience upon providing days' prior written notice to the other party. Either party may terminate immediately for material breach if the breach is not cured within thirty (30) days after written notice of such breach.

Confidentiality

Each party (the "Receiving Party") shall hold in confidence all non-public information and materials disclosed by the other party (the "Disclosing Party") that are designated as confidential or that, by their nature, should reasonably be considered confidential ("Confidential Information"). Confidential Information shall not include information that: (a) is or becomes public other than by unauthorized disclosure; (b) was rightfully in the Receiving Party's possession prior to receipt; or (c) is independently developed without use of the Disclosing Party's Confidential Information.

The Receiving Party shall not disclose Confidential Information to any third party except to employees, contractors, or advisors who have a need to know and who are bound by confidentiality obligations no less protective than those herein. Upon termination or written request, the Receiving Party shall return or destroy the Disclosing Party's Confidential Information and certify such return or destruction in writing.

Governing Law and Dispute Resolution

This Agreement shall be governed by and construed in accordance with the laws of the State of , without regard to conflict of laws principles. The parties shall attempt to resolve disputes in good faith through negotiation; if unresolved, disputes shall be resolved by binding arbitration in the chosen jurisdiction unless the parties mutually agree to litigation prior to arbitration.

Indemnification and Liability

Each party shall indemnify and hold harmless the other party from and against claims arising out of its gross negligence, willful misconduct, or material breach of this Agreement, subject to applicable law. Except for liability arising from indemnification obligations or a party's gross negligence or willful misconduct, neither party's aggregate liability under this Agreement shall exceed the fees paid by Party B to Party A in the twelve (12) months preceding the claim.

Entire Agreement and Amendments

This Agreement, including all exhibits and statements of work executed hereunder, constitutes the entire agreement between the parties with respect to the subject matter and supersedes all prior and contemporaneous agreements and understandings, whether written or oral. Any amendment or modification must be in writing and executed by authorized representatives of both parties.

Miscellaneous

Neither party may assign its rights or delegate its obligations under this Agreement without the prior written consent of the other party, except that a party may assign to an affiliate or in connection with a merger or sale of substantially all of its assets. Notices required by this Agreement shall be in writing and delivered to the addresses set forth above.

Each party represents and warrants that it has the full power and authority to enter into this Agreement and to perform its obligations hereunder.

Party A — Service Provider:

By:

Date:

Party B — Client:

By:

Date:

What the Business Tifs Template Is and when it is used

The Business Tifs Template is a standardized business document used to record the terms, parties, obligations, financial schedules, and reporting requirements associated with a Tax Increment Financing (TIF) arrangement or similar municipal economic-incentive agreement. It organizes project descriptions, base assessed value, increment allocation, payment schedules, performance milestones, and compliance checkpoints so public entities, developers, and financiers share a single authoritative record. The template is commonly used during negotiations, council approvals, grant disbursements, and ongoing compliance reporting, and is suitable for execution electronically under U.S. e-signature law when parties consent.

Why a clear Business Tifs Template matters for projects

A clear template reduces ambiguity about revenue allocation, performance milestones, and reporting duties, which lowers dispute risk and improves auditability under public finance rules.

Who typically completes and signs a Business Tifs Template

Roles above typically coordinate review, legal sign-off, and execution; ensure the template identifies who performs each compliance step.

Municipal finance officers responsible for revenue tracking and reporting during the TIF term; they verify base value and incremental flows.
Developers or project sponsors who commit to milestones, capital investments, and reporting obligations tied to incentive disbursements.
Bond counsel, accountants, and lenders who confirm legal language, tax treatments, and security interests for financing and bond issuance.

Step-by-step process to complete and approve the template

Follow this sequential guide to prepare, review, obtain approvals, and execute the Business Tifs Template with clear accountability.

01

Draft: Populate the template with project details and financial schedules.
02

Internal Review: Share with finance, legal, and economic development staff for comments.
03

External Review: Provide draft to developer, counsel, and lenders for redlines.
04

Approval & Execution: Obtain municipal approvals, countersignatures, and record final executed copies.

Core sections to include in a professional Business Tifs Template

A complete template groups legal, financial, operational, and reporting provisions so each party’s duties and timelines are explicit.

Parties

Full legal names, addresses, and contact details for the municipality, developer, bond trustee, and any guarantors; identify authorized signatories and notice recipients.

Scope

Project description, eligible improvements, site boundaries, and triggers for incremental capture; link to project exhibits and maps.

Financial Terms

Base assessed value, expected increment, allocation percentages, payment timing, allowable uses, administrative fees, and accounting methods.

Milestones

Performance milestones, inspection rights, reporting cadence, and consequences for missed milestones or delayed deliverables.

Security & Remedies

Any liens, pledge language, repayment waterfall, events of default, cure periods, and remedies including collection and offset rights.

Compliance

Recordkeeping, audit rights, public disclosure requirements, and termination or amendment procedures for changes in law or policy.

Security and compliance elements to document or require

Encryption: TLS 1.2/1.3; AES-256

Audit Trail: Signed-event timestamps

Authentication: Multi-factor options

Regulatory: ESIGN and UETA

Healthcare: HIPAA (BAA required)

Standards: SOC 2 Type II, ISO 27001

Digital signing and technical delivery considerations

Match the chosen execution method with recordkeeping, notarization, and public-record filing rules so the signed document is admissible and reproducible.

File formats: PDF, DOCX
Integrations: CRM and document storage
Authentication: Email, SMS, or KBA

Where to send, file, and distribute the completed template

Routes vary by local practice; the template should specify primary recipients, record copies, and public filing obligations to avoid lapses.

Municipal Clerk: Official copy for public records and council filing
Finance Office: Records for tax increment accounting
Developer: Executed copy for project files
Trustee/Lender: Copy for bond or loan servicing

Digital workflow settings to configure when using an e-signature platform

Configure these settings to control routing, authentication, and field behavior in an electronic execution flow.

Field	Configuration
Signature Order	Sequential or parallel routing
Authentication	Email, SMS code, or KBA
Conditional Fields	Show/hide based on signer inputs
Audit Trail	Enable detailed event logging

Key timelines, filing windows, and routine deadlines

Document primary calendar items such as council approval dates, milestone deadlines, payment dates, and reporting cycles so stakeholders can calendar obligations.

Council Approval:

Record the ordinance adoption date in MM/DD/YYYY format.

Payment Schedule:

List installment dates and conditions for disbursement.

Reporting Cadence:

Specify annual or quarterly financial reporting deadlines.

Audit Window:

Indicate scheduled years for compliance audits.

Amendment Notice:

State required lead time for proposed changes.

Common errors and legal risks to avoid

Incorrect Parties: May void obligations

Missing Dates: Creates enforcement ambiguity

Unclear Allocation: Leads to audit disputes

Lack of Authorization: Signatures may be challenged

Late Filings: Triggers penalties or interest

Noncompliant Notarization: May impair record acceptance

Common eSignature providers to consider for executing the template

This table compares starting prices and selected capabilities relevant to municipal and developer workflows; signNow appears first per provider column ordering.

	signNow	DocuSign	Adobe Sign	PandaDoc	HelloSign
Starting Price	$8/user/mo	$15/user/mo	$14/user/mo	$19/user/mo	$15/user/mo
Free Trial	7-day free trial	No	No	Yes, limited	Yes, limited
Bulk Send	Yes	Yes	Yes	Yes	No
Audit Trail	Yes	Yes	Yes	Yes	Yes
HIPAA Compliant	Yes	Yes	Yes	No	No

Frequently asked questions about the Business Tifs Template

Answers to common execution, signing, and filing questions to reduce revision cycles and ensure legal acceptability.

Need help? Contact support

Can this be signed electronically?
Yes. Electronic signatures are legally recognized under the ESIGN Act (15 U.S.C. §7001) and UETA in most states, provided parties consent and any statutory exceptions do not apply.
When is notarization required?
Notarization depends on the instrument type and state law. If a recording or deed acknowledgment is required, follow the state notary and recording rules for the jurisdiction where the property or public record is located.
What happens if a signatory’s name is incorrect?
A mismatched or misspelled signatory name can delay acceptance or be grounds for challenge; correct errors via an amendment or notarized acknowledgment to ensure continuity.
Are remote notarizations acceptable?
Remote online notarization (RON) is permitted by many states with identity proofing and recording requirements; verify the specific state rules before relying on RON.
How long should records be kept?
Retain documents for the active term plus at least three years; follow federal rules such as IRC §6501(a) for tax records and 45 CFR §164.530(j) for HIPAA records where applicable.
Who must sign on behalf of a municipality?
The template should identify the authorized municipal officer or body (e.g., mayor, city manager, or council designee) and include proof of authorization such as a resolution or ordinance.

be ready to get more

Join over 28 million airSlate SignNow users

Sign Now