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City of Santa Ana Proposal for Services July 15, 2014 Page 3 of 8 Optional Task 6: Follow-on Activities Subsequent to the completion of Tasks 1 through 5, based on the input and priorities of the Client, Consultant will be available to complete supplemental evaluation of primary strategies and issues and provide as desired, ongoing analysis and/or implementation services based on the results of Tasks 1 through 5 and other investment and development factors. 3rd and Broadway Parking Lot Site Task 1: Parking Lot Site Analysis Consultant will meet with staff to ascertain their development priorities in the downtown Santa Ana area as they relate to potential product types, timing and overall objectives for the parking lot property located at 3rd and Broadway. Consultant will identify the probable highest and best use development potential for the 3rd and Broadway parking lot property in Downtown Santa Ana, primarily utilizing readily available market data and our assessment of the opportunity based on experience, research, and utilization of reports, studies, and documentation provided by the Client. Kosmont will also inspect the local area including adjacent properties, to identify potential benefits and constraints of the adjacent properties may pose with respect to development and utilization of the Property. Kosmont will review prior developer selection evaluations, formats and activities. Should the Client determine that there is a preferred strategy that involves a reuse/development program and selection of a developer, then Consultant would be available to create a comprehensive Request for Qualifications developer selection process, by which Client can solicit and evaluate proposals from qualified developers to determine whether there is a viable proposal for redevelopment of the parking lot property. III. SCHEDULE AND REQUIRED DATA Consultant is prepared to commence work as soon as authorized. Client will provide Consultant with existing project data which may be beneficial to Consultant's completion of Project. IV. COMPENSATION Elks Lodge Site Compensation for professional services in Task 1 through 5 will be billed on a time and materials basis, with an initial labor budget of $25,000 dollars. Future increases, if needed, including the completion of Task 6 require prior written approval by Client. 3rd and Broadway Parking Lot Site KOSMONT COMPANIES 865 South Figueroa Street 35" Floor Las Angeles CA 90017 ph 213.417.3300 fx 213.417.3311 w Aosmontxom