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Request for Qualifi t-i ns for 111-fousing Financial � <br /> -tical and Advisory Services Analy 01 <br /> ` , <br /> City of Saar Dinias / Grove Cation <br /> KMA assisted the City in restructuring the covenants imposed on 10 "for sale" <br /> affordable units to reflect current market conditions. The original covenants were <br /> imposed irrevocably over a 45-year term. The revised covenants allow home <br /> owner's to resell the home on an unrestricted basis in return for providing the City <br /> with a share in the unit's equity appreciation. KMA prepared the program <br /> documentation to be used with the revised covenants. <br /> KMA Work Completed: 2014 <br /> Contact Person: Larry Stevens, Assistant City Manager <br /> Telephone Number: 909394.6250 Email: Istevens @ci.san-dimas.ca.us <br /> City of Pasadena — 60-80 South Vinedo Density Bonus Analyses <br /> KMA analyzed a developer's request to construct a 26-unit residential development <br /> on a 30,000 square foot property. The proposed project includes an 18% density <br /> bonus and one concession. To evaluate the developer proposal, KMA analyzed a <br /> project that complies with the existing zoning, a scenario that tested the value <br /> created by the density bonus, and the proposed project. KMA prepared a <br /> memorandum that summarizes the developer's request, outlined the City's Density <br /> Ordinance requirements, and provides a finding on whether or not the developer's <br /> request met the Ordinance's requirements. <br /> KMA Work Completed: 2014 <br /> Contact Person: Jose Jimenez, Planner <br /> Telephone Number: 626,744,7137 Email:josejimenez @cityofpasadena.net <br /> City f Clareiriont/ Inclusionary Housing Policy <br /> KMA assisted the City of Claremont in creating an Inclusionary Housing Ordinance <br /> and an in-lieu fee structure. KMA quantified the net economic detriment created <br /> by the requirement to provide low and moderate income housing after <br /> consideration of the benefits associated with the incentives being offered by the <br /> City. KMA also prepared the policies and procedures manual and supporting <br /> documentation required to implement the program. KMA also provides financial <br /> analyses of projects that are proposing to use the in-lieu fee option. <br /> Year Completed: 2014 <br /> Contact Person: Brian Desatnik, Community Development Director <br /> Telephone Number: 909.399.5342 Email: bdesatnik @ci.claremont.ca.us <br /> Keyser Marston Associates, Inc, Page 12 <br />