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Board approves Municap fee change; members ask for future RFP and note Municap is a Maryland firm
Summary
The Board of Finance approved a change to the fee schedule for Municap, the city's long‑standing TIF advisor. Several members pressed Treasury to examine running a future RFP; counsel said Municap is a Maryland firm and staff said the current arrangement is an evergreen contract.
Baltimore City’s Board of Finance approved a requested change to the fee schedule for Municap, the long‑standing advisor on tax‑increment financing (TIF) matters. The vote to approve the fee schedule was moved and seconded and carried by voice vote.
Several board members raised procurement concerns during discussion, noting that unlike the financial‑adviser and swap‑adviser procurements…
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