Agmt07 Mundie and Associates - Peninsula Park Study 650 Bair Island Rd

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Proposal to the City of Redwood City for Peninsula Park Studies January 23, 2007 Page 6 Task 3c Net Fiscal Impact We will compare the expected change in City revenues to the expected change in costs in order to estimate the net fiscal impact on the City's General Fund. We will report the results as agreed at our Task 1 meeting. We will also prepare sensitivity analyses to reflect the possibility that some conditions may not conform to expectations. A key sensitivity test would consider different prices for the housing units that would be located in the project. Such tests could be used, for example, to evaluate the impacts of housing market price cycles independent of the traffic-reducing proposals. We would confer with City staff to determine whether other sensitivity analyses should be under- taken. Task 4 School Needs Assessment To estimate the impact of the proposed project on public school enrollment, Mundie & Associates would: ^ Review the studies that have been prepared by the developer and the school district, as well as any other estimates that might be available (e.g., the District may have prepared student yield projections for the district as a whole; also, the EIR may include an estimate of student yield that is different from the developer's or the District's estimate). ^ Examine data from the 2000 US Census to estimate the number of school-aged children liv- ing in multi-family housing units in Redwood City and nearby cities. ^ Contact nearby school districts to ask about their student yield rate estimates and their experience, if any, with housing units of the types proposed for Peninsula Park. ^ Synthesize the collected information to derive an estimate of student yields from the pro- posed project. Task 5 Child Care Task 5a Needs Assessment To estimate the demand of the proposed project for child care services, Mundie & Associates would: ^ Review studies that have been prepared for San Mateo County, Redwood City (e.g., as part of the EIR for the Stanford Clinic), and other communities. ^ Meet with the City's Child Care Coordinator to discuss the previous studies (and their applicability to this project), the characteristics of the proposed project, and the inventory of existing child care facilities in Redwood City (particularly in the vicinity of the project site). ^ Estimate the demand for child care that would be generated by the residential component of the proposed project, based on expected occupancy characteristics (from the developer and the 2000 US Census, for multi-family residential units in Redwood City and nearby cities).