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6.18 Page 26 The major steps or tasks to identify costs are: 1. Prepare a set of basic cost factors derived from the Citis budget; 2. Meet with representatives from the City's police, fire, finance, community services, and public works departments to discuss the City's service standards, the revenue and cost estimates derived from the budget, additional data needs, and any modifications that are needed to reflect the specific service requirements of the project; and 3. Prepare an estimate of recurring service costs to the City to be generated by the Project. The cost to provide services to the existing development will be estimated through a combination of actual police and fire protection call records as well as general cost factors for services such as general City government. Task 4: Prepare Cash Flow Analyses of General Fund Revenues and Costs KMA will combine the revenue and cost projections into a consolidated projection of net impacts on the City's General Fund for both the existing development and the proposed Stanford Project. Additional11sensitivity" projections will also be prepared that reflect variations on some factors, such as the level of sales and use taxes or with/without a property tax in-lieu payment, etc. Task 5: Analyze Annual Impacts on other City Funds Typically a Gas Tax Fund or Road Fund is the only other City Fund that is impacted by new development. Based on our meeting with City staff we will determine what other funds, if any, will be impacted by the Project, and we will prepare a 20-year cash frow projection for those non-General Fund City Funds. Task 6: Discussion and Analysis of Potential Fiscal Impacts of Meeting the Housing Needs Associated with the Project (Optional/Not Included in RFP) The Housing Needs Assessment will determine the number of residential units at varying levels of afford ability that will be needed to accommodate the new employees of the Project. For the subject task, we will calculate both the likely feasibility/affordability gap that will need to be funded by the City in order to develop the needed affordable units as well as an estimate of the on-going net fiscal impacts of the needed residential development. To estimate the magnitude of the feasibility/affordability gaps, KMA will prepare financial pro formas for affordable rental developments as well as ownership projects. The fiscal costs associated with developing housing to accommodate the Projectls employees are indirect/induced costs associated with the Project and will therefore be treated separately from the direct fiscal impacts. Keyser Marston Associatesr Inc. \\Sf-fs1\wp\99\99900\900b-851 to 900\900b-865 Rev.doc Page 10 January 2009