Agmt09 Keyser Marston Associates, Inc

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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 estimate the impacts on those funds as well. Task 6: Discussion and Analysis of Potential Fiscal Impacts of Meeting the Housing Needs Associated with the Project (Optional/Fee Included in Scope) The Housing Needs Assessment will determine the number of residential units at varying levels of affordabllity 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 Project's employees are indirect/induced costs associated with the Project and will therefore be treated separately from the direct fiscal impacts. Task 7: Incorporate EIR Mitigations/Infrastructure Impacts To the extent that the EIR identifies infrastructure needs generated by the Project and/or mitigation measures, KMA will incorporate those impacts and costs into the analysis. KMA will also make use of the available Engineering Report prepared by BKF for Stanford University, dated October 24, 2008 as revised by City Engineering staff, to assist with the infrastructure analysis. Additionally, if a portion of the public improvements to be funded by Stanford will benefit the larger community, then KMA will assess the net benefit of the improvements to Redwood City. For example, if the EIR determines that the Project will have a significant adverse impact on traffic and the solution is. establishing a street car route such as currently envisioned in the General Plan Update that would connect the site to Downtown Redwood City and would serve the larger community, KMA will evaluate the extent to which the improvements to be funded by Stanford would mitigate the number of traffic trips to be generated by the Project and llbuy" roadway capacity. Product: Draft technical memorandum, featuring graphics and tables. Upon completion of all tasks, the memorandum will be incorporated into a final report. Keyser Marston Associates, Inc. \\SMs1\wp\99\99900\900b-851 to 900\900b-865 Rev 3.1 C.09.doc Page 4 January 2009