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AECOM <br />• Ongoing Coordination with City (email, phone, etc.) <br />Task 3.0 Feasibility Analysis <br />AECOM will conduct an analysis of the economic feasibility of the baseline opportunity areas by land <br />uses as identified in the Envisioning Land Use Map at buildout. While these are not approved land uses it <br />will be important to provide an estimated rough sale and rental cost per unit of residential, office, and <br />retail development to gauge whether the market can support expected rental prices per absorption <br />projections and whether residual land values can support development. High, medium, and low <br />development buildout densities will be evaluated to gauge reasonability. AECOM will confer with City <br />staff to identify these densities. Once this baseline has been established our team will evaluate up to <br />three alternative configurations that include appropriate land use mixes to gauge whether they are <br />consistent with reasonable market absorption estimates and are economically feasible. <br />While not called out specifically in the scope we anticipate that coordination between this task and Ps 1 <br />will be necessary in terms of outlining what types of land use configurations are economically feasible <br />according to this market analysis. <br />Deliverables: <br />• Draft Market Feasibility Analysis <br />• Final Market Feasibility Analysis <br />• 1 Presentation of Market Feasibility Analysis <br />• Ongoing Coordination with City (email, phone, etc.) <br />Task 4.0 Fiscal Analysis <br />AECOM will prepare a fiscal model for up to three (3) scenarios based on the analysis of current and <br />projected fiscal conditions. The focus of the analysis will be on the General Fund revenues and costs, but <br />may include other funds based on discussion with City staff. Working closely with the project team, the <br />land uses for the scenarios will be assembled into a data base for fiscal analysis, including: acres, square <br />feet and valuation of non-residential development; housing units by value and type, persons per <br />household and household income; and infrastructure assumptions about public works, public buildings, <br />parks, recreation facilities, open space, fire stations and other public facilities. Public revenue and cost <br />fiscal factors will be developed through a current budget analysis and interviews with key departmental <br />staff based on the City's current levels of service standards. Cost factors will be established at the <br />departmental level. <br />25M-66 <br />