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will aim to approximate costs for key departments based on the proportional increase in residents
<br />and visitors and their impacts on the City's budget.
<br />Estimate other direct, indirect, and induced economic impacts. As desired by the City, RSG would
<br />use the most current IMPLAN dataset to forecast the total numbers of direct, indirect, and induced
<br />jobs, labor compensation, and/or local economic output in the City as a consequence of proposed
<br />development.
<br />Apply projected revenues and expenditures to cash flow forecasts. Either separately or in
<br />coordination with the financing portion of this Scope of Work, RSG could incorporate information
<br />gained on new projected revenues and expenditures from proposed developments to enhance.cash
<br />flow projections used for budgetary planning.
<br />Market Demand Analysis, Identifying Supportable Development Absorption Potential and Achievable Rents
<br />and. Prices: RSG would analyze, and could prepare a report to summarize, the market demand for different
<br />development types. That market demand analysis would help to identify supportable development,
<br />absorption potential, and achievable rents and prices. The market analysis could focus on certain land uses
<br />and would incorporate at least the following factors.
<br />• Demographic Study. RSG would evaluate local and regional residents, current conditions and trends.
<br />• Employment Trends. Employment and other economic trends drive investment into real estate. RSG
<br />would focus on compiling and synthesizing microeconomic activities and how these factors would
<br />influence desire for land uses. The market demand analysis would provide a framework for future
<br />demand of these uses.
<br />• Real Estate Market Conditions. In addition to demographic and workforce factors, local real estate
<br />market conditions and trends such as rents, prices, vacancies, and available supply will reflect the
<br />strength and direction of various land uses. RSG would incorporate these factors into the overall
<br />market analysis. Furthermore, any such analysis would take into consideration qualitative factors
<br />such as zoning, surrounding land uses, legal requirements related to housing, and different
<br />development checklist items (such as accessibility and visibility for retail use).
<br />• Summarize Findings. RSG would develop a summary of our findings for the various product types, as
<br />agreed upon by RSG and the City, and identify the quantity and positioning for new product to the
<br />extent supported by the analysis. At the conclusion of the market demand analysis, RSG would
<br />review findings with City staff and could present them in the format preferred by the City.
<br />Real Estate Analysis and Strategies: RSG is well respected by cities across the state to conduct market
<br />assessments and project feasibility analyses, site selection and evaluation, and pre -entitlement services. RSG
<br />is a recognized expert in analyzing the economics of projects such as residential single-family rehabilitation
<br />and mixed Income apartments, as well as commercial uses including retail stand-alone buildings, outlet
<br />centers, lifestyle centers, office towers, industrial condos, gas stations, ground leases, digital billboards, data
<br />centers and fulfillment complexes. We specialize in public -financing structures, helping communities know
<br />when it's reasonable to provide financial assistance and when a project's profitability meets current market
<br />yields. RSG is adept at preparing long range property management plans, disposition strategies, development
<br />programming studies and opinions of value and reuse strategies.
<br />• Asset Management. As a California Commercial broker (CaIBRE #01930929), RSG provides a variety
<br />of sales, leasing and. marketing services for public and private sector clients. RSG can lead
<br />negotiations on deal terms, manage the acquisition and escrow process, structure lease extensions,
<br />and correspond with residential or commercial tenants. We also provide relocation advisory services,
<br />serving as a relocation agent to several communities on such public projects. We are very busy
<br />helping our clients in the sale of hundreds of properties being disposed as part of the redevelopment
<br />dissolution process in California.
<br />• Preparation of Broker Opinion of Value. RSG will perform pricing and financial evaluations to identify
<br />the range of the indicated property value based on the most recent 3 to 5 year operating experience
<br />of the property, current comparable market conditions, and available financing alternatives. The
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