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and other major City departments to estimate the marginal operations and maintenance costs associated with the project. The analysis would estimate the net revenues to the City's General Fund from the new project. • Draft report. Consultant submits an administrative draft memo report to the City with its findings on the potential for community benefits and fiscal benefits, and recommendations on a reasonable range of legally available implementation options. The submission of the draft report is usually accompanied by a meeting with City staff to explain the findings. • Final report. After receiving input from the City, Consultant will make edits or clarifications and deliver the final report. • Presentations. In some cases, Consultant may be asked to attend meetings or hearings with decision -makers to explain the analysis and answer questions. The budget provided below includes this as an optional task. Schedule: The timeline to complete a final community benefits memo for one project, using a methodology similar to the description above, is between 8 and 12 weeks, assuming the timely receipt of data and information from the City and applicant. It is assumed that the City would provide requested data within two weeks of project initiation. It is assumed that the City would deliver comments within two weeks of receipt of the draft report. Budget: The budget to produce a project memo for a community benefits analysis and fiscal impact analysis is estimated at $38,605. There is an estimated cost of $1,620 for the optional task of attending a public meeting or hearing. It should be noted that there would likely be cost efficiencies when analyzing multiple development projects at the same time, because the data sources and analytical tasks can be further streamlined. The exact cost of each project will depend on the complexity of the application and types of services required. Staff Hourly Rate Srivastava $235 Cummings $170 Associate $140 REV: 09-11-2020 PR ATTY/AGR.2020.197/Strategic Economics (Page 12 of 13)