AgdaPkt 2005-06-27 - Laserfiche WebLink

Browse Search

6: /E-,z8 Phase 5: Coordination and Management For initial budgeting purposes, we estimate about 100 hours associated with processing the EIR through City staff. This will include our on-going coordination with City staff, responding to questions from staff that may arise during the review process and coordination during revisions and subsequent submittal of the screencheck document. Optional Economic Impact and Fiscal Analysis Public concern over the potential gas station at the proposed Costco has triggered the need to look further into the economic and fiscal implications of the proposed project. As requested by the City, we have included as an optional task, the preparation of an Economic Impact and Fiscal Analysis. The following provides a detailed scope of work for this work effort. Economic Impact Analysis The economic impact analysis would focus on the likely effects of the proposed project (and alternatives) on businesses and jobs in Redwood City. Economic Task 1: Project Initiation and Initial Data Review We will meet with City staff to go over the topical and geographic dimensions of the economic analysis (should it cover impacts in nearby cities? impacts on overall average employee compensation as well as on number of jobs and impacts on competing businesses?) and the types of data available on relevant existing conditions in Redwood City (e.g" sales tax data and retail space inventory by geographic subarea). Once the scope of the economic analysis has been refined, we will ask Costco. to provide information about the proposed project that is relevant to the economic analysis; that is, information that will allow us to estimate the impacts of the store expansion and gas station on jobs and retail activity. For example, we would ask about the use of store. space (area devoted to different uses/types of goods) in the expanded store compared to the existing store; typical sales per square foot, the number of jobs in the existing and expanded stores (and gas station), and wages and benefits associated with those jobs. Economic Task 2: Assemble Background Data Current Retail Spending. We will obtain sales tax data for the city of Redwood City, listing sales in various types of outlets, from the State Board of Equalization. At the same time, we will ask the City if it is possible to obtain - e.g., through their sales tax consultant - more detailed data by geographic area (e.g., concentric circles around the Costco site). We know the information available through the City's consultant is outlet- specific and therefore may not be disclosed to the public. This level of detail is desirable, however, to provide a basis for the most accurate assessment of possible impacts of the proposed project. M&A would commit in advance not to divulge confidential data. Atty/Agr/2005,024 062105 21