Agmt24 Wallace Roberts Todd, LLC

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REV: 08-22-24 VR Arup’s analysis in this task will consist of a high-level qualitative risk assessment; a baseline climate risk and resilience diagnosis will evaluate multi-hazard risk on critical infrastructure, public property and assets, and private development. Risk will be expressed in terms of consequence types such as financial losses or downtime, and will be reported via qualitative ratings (e.g., Very Low to Very High) or scores (e.g., 1-5), which may be used to raise awareness and prioritize actions. Arup’s assessment will be used to inform planning decisions, and DJP&A or its subconsultants will oversee the preparation of utility impact studies needed for the preparation of EIR documentation under Task 8. During development of this Subtask, Arup will conduct up to three virtual meetings with the City’s utility services department(s) to identify known water (including recycled water), sewer, and stormwater/flooding issues of concern within the plan area. The City will furnish an existing drainage model for existing conditions review and development of design alternatives in Task 8. DJP&A will coordinate with Arup to confirm the analysis is what is needed for the EIR environmental setting. DELIVERABLES: CEQA coordination; draft Existing Conditions Report section on utility infrastructure and climate risk & resilience. 4f – Economic and Market Study 1. Local Real Estate Market Analysis. EPS will evaluate the market demand and supply trends for prospective real estate product types to inform the amount and type of each use that might represent an opportunity in the Plan Area. Candidate uses will likely include residential, retail, office, light industrial, R&D, lodging, commercial, and entertainment, with EPS providing focused analysis on relevant sub-classes therein (e.g., local versus regional serving retail, condos versus apartments, life sciences versus professional office). The analysis will compare Redwood City’s market performance metrics such as pricing, occupancy, absorption, and development trends against those in competitive sub-markets, using data and results of the focus group interviews described in subtask 3i. (Additional considerations by land use type are described below, as are considerations regarding the effects of fees and the City’s gatekeeper program on the real estate marketplace and community benefits contributions.) Housing: EPS will consider market demand factors affecting housing development for various types of higher-density housing and the various amenities and unit mix for each, to help identify the best market opportunities. EPS will also consider opportunities to advance the City’s affordable and workforce housing goals. In addition, the analysis will inform residential policy formation in the Study ATTY/AGR.2024.139/Wallace Robers & Todd LLC (Downtown & Central RWC) (Page 32 of 60)