25A - AGMT - ED PLAN - Laserfiche WebLink

Home Browse Search

mixed -use project. Preliminary findings were delivered approximately 3 weeks after receipt of information, shared with the developer the following week, and a refined analysis and comprehensive draft report was presented within less than 2 months. The report evaluated the financial feasibility and fiscal and economic benefits of the project for both the City and County of Los Angeles, and lays the groundwork for ongoing negotiations on a revised funding agreement for City participation in the financing. Contact: John Wickham, Office of the Chief Legislative Analyst 213.473.5738 RSG Staff: Jim Simon, Brandon Fender, and Dima Galkin ECONOMIC & REAL ESTATE CONSULTING SERVICES - CITY OF SAN CARLOS During the past eight years, RSG has worked with the City of San Carlos on a variety of economic development, affordable housing, and real estate efforts. Projects have included property acquisitions, market analyses, Opinion of Value Reports, financial pro forma modeling, annexation proceedings, and redevelopment implementation plans. RSG has prepared development programming analyses, conducted developer outreach, performed financial analyses, and reuse valuations to assist in identifying appropriate disposition terms for Agency -owned properties proposed for redevelopment. Over the last several years RSG has played a key role in the progress of one of the City's most important projects, Wheeler Plaza, The TOD project is located in the center of the City's downtown and will redevelop a City -owned surface parking lot and six other retail and residential buildings. It includes 108 condominiums, a 451 -space parking garage, 19,855 square feet of retail and restaurant space, and a 31- unit very -low income senior tax credit equity project. When RSG was retained in 2006, the project was nearly dead. Through RSG's leadership and project management, the necessary parcels were purchased, a developer was selected through an extensive RFP process, and the Agency's investment was reduced (while increasing project benefits). RSG assisted the City with identifying and executing an economic strategy, including the current and ongoing development cost and feasibility analysis, acquisition using layered financing, solicitation and analysis of developer proposals, and expected disposition of property for a proposed hotel development. RSG's involvement also entailed ground lease valuation and buyout negotiations with an adjacent property owner. Contact: Al Savay, Community Development Director 650.802.4209 RSG Staff: Alexa Smittle, Jim Simon, Suzy Kim, and Brandon Fender In addition to the case studies referenced above, the table below presents some of our recent related projects. Lna uate ATKINS / City of Santa Monica Roberts Center Development Agreement 2013 Analysis (Santa Monica) City of San Carlos San Carlos Transit Village Feasibility Study, 2013 Fiscal Impact Analysis and BMR Analysis County of Orange The Ranch Affordable Housing Development 2013 Fiscal Analysis City of Santa Monica Economic Impact/Nexus Analysis for 2013 Affordable Housing Inclusionary Fee City of Westminster Civic Campus Redevelopment Program 2013 Analysis City_of Dana Point _ Towne Center Devel menC Feaslbilit 2013 25A -12