DAVID TAUSSIG AND ASSOCIATES, INC. DBA DTA

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dta v .FinanceDTA.com III BACKGROUND AND PROJECT SUMMARY SECTION III BACKGROUND AND PROJECT SUMMARY It is our understanding that the City and County are interested in working together to leverage tax increment and CFD formation services for a mixed -use project in the South Bristol Corridor. As such, the City is seeking qualified professional support in evaluating and implementing an EIFD and a CFD. One innovative approach to achieving a timely and unique developer project is the Riverside County Temecula Valley Wine Country EIFD. This project was inventive because we utilized the EIFD for the benefit of wineries within Wine Country, which has not previously been done. The district encompasses 9,007 acres within the 33,000-acre Wine Country just east of Temecula. The City will be faced with similar challenges as other agencies that have formed EIFDs. These challenges include the following: • Potential Ambiguities: As a new tool, the Government Code has many ambiguities. There have been several updates, although there have not been any lawsuits to give direction to interpretation. • Slow Accumulation of Increment. Typically, a project takes approximately 5-7 years to have enough increment to leverage a bond sale. If development should slow down, then the increment is not collected. • Length of Time to Form a District: Although we have completed districts within 8 months, districts are typically created within 12-18 months depending on public outreach and education. To manage this contract effectively in terms of team performance, schedule compliance, and budget adherence, Mr. Taussig, DTA's Project Manager, will utilize these tools: • Bi-weekly assignment checklists throughout the life of the contract to ensure each task remains on schedule by utilizing proper staffing assignments. • Regular communication with City staff via e-mail, telephone, and in -person meetings, as needed. • Weekly budget review to ensure no budget overruns occur. DTA's customized accounting system will enable us to track the expenditures to date each week and ensure budget compliance. • Regular meetings with City staff to discuss progress and any issues and receive guidance. At DTA, we understand that public finance is about ensuring that communities can thrive by assessing what the best solution is for the community as a whole and what will help the community reach and sustain growth goals. City of Santa Ana September 8, 2023 Proposal for Consultant Services Related to the Evaluation of an EIFD and a CFD 13