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6.11). - Page 15 of 16 <br />and other major City departments to estimate the marginal operations and maintenance <br />costs associated with the project. The analysis would estimate the net revenues to the <br />City's General Fund from the new project. <br />• Draft report. Consultant submits an administrative draft memo report to the City <br />with its findings on the potential for community benefits and fiscal benefits, and <br />recommendations on a reasonable range of legally available implementation options. The <br />submission of the draft report is usually accompanied by a meeting with City staff to <br />explain the findings. <br />• Final report. After receiving input from the City, Consultant will make edits or <br />clarifications and deliver the final report. <br />• Presentations. In some cases, Consultant may be asked to attend meetings or <br />hearings with decision -makers to explain the analysis and answer questions. The budget <br />provided below includes this as an optional task. <br />Schedule: The timeline to complete a final community benefits memo for one project, <br />using a methodology similar to the description above, is between 8 and 12 weeks, <br />assuming the timely receipt of data and information from the City and applicant. It is <br />assumed that the City would provide requested data within two weeks of project initiation. <br />It is assumed that the City would deliver comments within two weeks of receipt of the draft <br />report. <br />Budget: The budget to produce a project memo for a community benefits analysis and <br />fiscal impact analysis is estimated at $38,605. There is an estimated cost of $1,620 for <br />the optional task of attending a public meeting or hearing. It should be noted that there <br />would likely be cost efficiencies when analyzing multiple development projects at the <br />same time, because the data sources and analytical tasks can be further streamlined. <br />The exact cost of each project will depend on the complexity of the application and types <br />of services required. <br />Staff <br />Hourly Rate <br />Srivastava <br />$235 <br />Cummings <br />$170 <br />Associate <br />$140 <br />:a ITRIUMBIWAIM111190 <br />ATTY/AGR.2020.197/Strategic Economics (Page 12 of 13) <br />45 <br />