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City of Santa Ana <br />Proposal for Financial Feasibility Analysis <br />June 19, 2017 <br />Page 2 ofB <br />Task 3: Preparation of Summary Memo <br />Consultant will prepare a summary memorandum describing the data sources, key <br />assumptions and methodology utilized and financial results of the Analysis. Consultant will <br />also provide a 15 -year pro forma cash flow to illustrate the projected return to the <br />development entity. <br />Presentation and Meeting Assistance (Optional) <br />Consultant is available to assist with preparation of additional presentation materials and <br />participation in summary presentations of the Analysis, including at City Council meetings, <br />public / community hearings, and/or other requested meetings, which is in addition to the <br />compensation for Tasks 1 — 3 and will be billed at the professional services (hourly) fees <br />as shown on Attachment A. <br />III. SCHEDULE AND REQUIRED DATA <br />Consultant is prepared to commence work and complete analysis outlined in Tasks 1-3 <br />within 30 days upon receipt of fully executed Agreement and relevant project data. Client <br />will provide Consultant with relevant Project data including the Project description, an <br />estimated construction budget, any available analysis of potential performance by product <br />type, and any other data deemed relevant by Consultant. <br />IV. COMPENSATION <br />Compensation for Tasks 1 through 3 is estimated at $15,000 for professional services <br />(hourly) fees at Consultant's billing rates as shown on Attachment A. Future increases in <br />budget will require approval by Client in advance. Budget may be increased by Client at <br />any time. <br />Consultant's attendance or participation at any publicly noticed (e.g., City Council, <br />Planning Commission, Public Agency Board, other) meeting requested by Client is in <br />addition to compensation for Tasks 1-3 and will be billed at the professional services <br />(hourly) fees as shown on Attachment A. <br />Services will be invoiced monthly at Consultant's standard billing rates, as shown on <br />Attachment A. In addition to professional services (hourly) fees, invoices will include <br />reimbursement for out-of-pocket expenses such as travel and mileage (provided that there <br />shall be no overnight travel without the Client's prior approval and that mileage shall be <br />reimbursed at the current IRS mileage reimbursement rate), professional printing, <br />conference calls, and delivery charges for messenger and overnight packages at actual <br />cost. Unless otherwise agreed to in advance, out -of -area travel, if any, requires advance <br />funding of flights and hotel accommodations. <br />Consultant will also include in each invoice an administrative services fee to cover in- <br />house copy, fax, telephone and postage costs equal to four percent (4.0%) of Consultant's <br />KOSMONT COMPANIES <br />1601 N. Sepulveda Blvd. #362, Manhattan Beach, CA 90266 1 ph 424.297.1070 1 <br />