AgdaPkt 2009-09-14 - Laserfiche WebLink

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REP():RT . ~i oi;~<:;:,:i. 6.10 Page 1 ,To the ;Reaev~lo'pm.ntAg.ncy, Board Fr()m~he . Executive Dlrectc>.r September 14, 2009 SUBJECT Keyser Marston Associates Consultant Services Agreement Amendment No.4. RECOMMENDATION Approve, by motion, Amendment No. 4 to the Agreement with Keyser Marston Associates (KMA) for professional consulting services to assist the Redevelopment Agency (Agency) in planning, financial analysis and negotiations for various projects in the redevelopment area with an additional authorization not to exceed $60,000. BACKGROUND The Agency requires professional consulting services for development projects in the redevelopment area. KMA is a highly skilled and qualified firm providing services in real estate, economics and redevelopment. The firm has successfully advised the Agency for almost twenty years and is very familiar with the local economy and environment. Tim Kelly and Debbie Kern have been the Principals assigned to Redwood City's projects during this period, with Ms. Kern providing specialized services as needed in the area of housing. KMA has assisted staff with all the major projects implemented by the Agency, including: . Sequoia Station . Wyndham Place . City Center Plaza . Downtown Cinema Project . Villa Montgomery Project . Habitat Project on Lincoln . Five-year implementation plans and updates . Inclusionary Housing Policies . Heller St. Property Acquisition . Cedar St. Apartments . 885 Woodside Affordability Analysis (for 6 units) In general, the firm provides disposition and financial consulting services. Specifically, these services may include: . advice with respect to marketing, financial, land assembly and land disposition issues; . participation in formal and informal discussions and presentations with potential developers and community officials; . evaluation of economic feasibility studies prepared by others; . preparation of economic feasibility studies and highest and best use analyses; . financial testing of land use and development concepts; . advice on alternative financing options for public/private partnerships; . identification of options for land disposition business terms;