|
City of Santa Ana
<br />Proposal for Opportunity Zone Services
<br />June 20, 2019
<br />Page 3 of 11
<br />• Identifying initial economic development goals and target opportunity sites for OZ
<br />investment and complementary tools;
<br />• Identifying potential economic incentives, funding sources (including regional,
<br />state, and federal infrastructure funding sources), or financing structures and other
<br />strategies (e.g, Development Opportunity Reserve (D.O.R.TM), enhanced
<br />Infrastructure financing districts or other special district financing, site -specific tax
<br />revenue pledges, as may be applicable) that can be leveraged with OZ investment
<br />to meet the City's goals and objectives;
<br />• Evaluating local governmental readiness for OZ investment, including potential
<br />updates to City plans and zoning documents, possible barriers or capacity issues
<br />that may hinder the usage of OZs, and possible areas for procedural streamlining;
<br />• Developing a Santa Ana Opportunity Zone task force, composed of city leaders,
<br />department heads, technical experts, outside consultants, local developers, and
<br />other key stakeholders;
<br />• Planning initial strategic outreach and stakeholder engagement objectives for City
<br />to pursue;
<br />• Reviewing of OZ marketing and matchmaking goals to best pursue OZ investment
<br />from local, regional, and national investors and developers.
<br />Subtask 1.3: [nitial MarketAnalvsis & Project Validation
<br />Based on the information gathered in Subtasks 1.1 and 1.2, Kosmont will conduct the
<br />analyses and planning necessary to solicit OZ investment. As mutually determined by
<br />Client and Consultant, this will include:
<br />• An Economic and Demographic Profile, illustrating social and economic.
<br />characteristics, including trends in population, household incomes, racelethnicity,
<br />housing preferences, educational attainment, employment by industry, commute
<br />patterns, residentlemployee concentrations, and other metrics within specific
<br />geographic boundaries (e.g., City limits, radii centered at opportunity site locations)
<br />as deemed relevant by Consultant.
<br />• An Initial Market Validation Analysis, evaluating high-level market and
<br />development feasibility data for targeted land use types (e.g. residential, retail,
<br />hotel). The analysis will consider market supply and demand factors, such as
<br />inventory, vacancy rates, lease rates, historical absorption, and surplus i leakage
<br />information as deemed appropriate by Kosmont.
<br />• An initial Planning Discovery Report, prepared with assistance from a
<br />planning/architectural/design subconsultant (to be determined), which presents a
<br />preliminary review of potential planning and development strategies and visioning
<br />for the Opportunity Zone developments including infrastructure adjustments,
<br />entitlement/CEQA issues, zoning classifications, and design standards.
<br />Kosmont anticipates three (3) in -person meetings with the City associated with Task 1.
<br />Kosmont will make itself available for additional meetings on an hourly, time -and -
<br />materials basis.
<br />KOSMONT REALTY
<br />11601 N. Sepulveda Blvd. 0382, Manhattan Beach, CA 90266 1 ph 424.297.1079 1 www.kosmontrealty.com
<br />
|