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capture strategy. The Consultant will review the highest-ranked sources to emerge from <br /> the screening workshop. The revenue potential of these sources will also be assessed on <br /> an "order of magnitude" basis and compared to the project cost estimates. The results of <br /> this comparison will be a planning level assessment of revenue sufficiency for the capital <br /> and operating needs of the new streetcar/urban circulator. <br /> Economic Benefits <br /> The Consultant will address the economic considerations, including answering the <br /> following key questions: <br /> O How can a streetcar/urban circulator enhance economic opportunities for <br /> existing properties and businesses? <br /> © How can a streetcar/urban circulator create incentives for development at <br /> higher values or densities than may otherwise occur on underutilized sites? <br /> O How can a symbiosis between streetcar/urban circulator service and real estate <br /> be created whereby the performance of each is enhanced by the other? <br /> O What is the cost-benefit relationship for one type or alignment of a <br /> streetcar/urban circulator service versus another? <br /> B How can streetcar/urban circulator service be financed , and to what extent <br /> does the financing relate to the benefits created by the system itself? <br /> The Consultant will explore the extent to which different transit alternatives - modes and <br /> alignments - can provide incentive for and support real estate and economic <br /> development. This analysis will include the creation of an effective planning and funding <br /> organization , public/private partnerships, and assessment or other funding districts. <br /> Deliverable: Financial feasibility memorandum <br /> Task 1 .8 - Select Preferred Alternative <br /> The Consultant will collaborate with the City to identify the preferred alternative based <br /> upon the evaluations and analysis conducted in this study. The ability of the preferred <br /> alternative to satisfy the project goals will be assessed in comparison with the other <br /> alternatives and a justification for the preferred alternative will be prepared . The City and <br /> the Consultant will consider an additional meeting with the key project stakeholders and <br /> review with them the findings of the study and the rationale for the selection of the <br /> preferred alternative. <br /> Deliverable: Preferred alternative memorandum <br /> Task 1 .9 -- Conclusions and Recommendations <br /> The Consultant will prepare a project summary report which presents the results of all of <br /> the above tasks in a readily understandable format suitable for public release. The <br /> summary report will be supported by an appendix which includes the final versions of all <br /> the technical memoranda, as prepared for each task. The Consultant will also prepare a <br /> project presentation and we will be available to attend meetings of the Planning <br /> Commission and City Council . <br /> Deliverables: Draft and final project summary reports, technical appendices, and project <br /> presentation <br /> ATTY/AGR.2016.053/CDM Smith <br />