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