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KEYSER MARSTON ASSOCIATES <br />ADVISORS IN PUBLIC /PRIVATE REAL ESTATE UEV ELOPMENT <br />September 24, 2012 <br />Vicki Uehli <br />Redevelopment Project Manager <br />,,,,,,,.,,, „,,,,,�, <br />^ "•"" ^ "'' F'•° " ^•• <br />City of Santa Ana <br />20 Civic Center Plaza <br />•' � <br />Santa Ana, California 92701 <br />I�, Rnii M. R,Rv <br />R1.1e1. KAl,A,1”, <br />I'^`l"' LI, I. <br />Keyser Marston Associates, Inc. (KMA) is pleased to submit the following proposal to <br />provide selected consulting services to the City of Santa Ana (City). Specifically, KMA is <br />proposing to assist the City in evaluating the financial considerations associated with the <br />Innis. A. R.- <br />potential redevelopment of the following City -owned properties in downtown Santa Ana: <br />1. An existing City -owned parking structure located at 3rd Street and Broadway; and <br />2. The YMCA building located on West Civic Center Drive and Sycamore Street. <br />I'n, , C Hna Rn <br />BACKGROUND STATEMENT <br />The City is currently seeking assistance in evaluating development options for the two <br />City -owned properties that could increase private investment in the downtown, and <br />replace any lost parking spaces. The City -owned properties can be described as <br />follows: <br />City -Owned Parking Structure <br />The City constructed the approximately 440 -space parking garage in the early 1980's. <br />The three -level garage encompasses approximately 146,000 square feet of building <br />area. The garage is not currently encumbered by any debt. <br />The City's Planning and Building Agency has determined that the parking garage is at <br />the point of functional obsolescence. In turn, the City's Community Development <br />Department and Public Works Agency have been evaluating the costs associated with <br />making the necessary design, drainage and structural improvements versus the costs <br />associated with demolishing and replacing the existing garage. However, this effort has <br />been constrained by the lack of available funds to take on the improvements. <br />500 SOUTI -i GRAND AVENUE. SU I T E 1480 > LOS ANG E LES. CA LI FORN I A 90071 > PHONE 213 622 8095 > FAX 213 622 5204 <br />1208001; KMA:KHH <br />W W W. KEYS E RMA RSTO N . CO M 99900.900 <br />