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<br />6.1C <br />Page 6 <br /> <br />Ms. Maureen Riordan <br />City of Redwood City <br /> <br />April 20, 2010 <br />Page 2 <br /> <br />5. Evaluate the merits and limitations of the two Census sources regarding the <br />percentage of Redwood City's employment base that also reside in Redwood City. <br /> <br />6. Use the IMPLAN model to estimate local expenditure impacts to be generated by the <br />Stanford Project and each opportunity cost scenario. <br /> <br />7. Revise the fiscal, affordable housing, and childcare impact analyses to reflect the <br />findings of the evaluation of items 1 through 6 as well as: a) a Uto be selected" <br />estimate of the employee count for Stanford; and b) only a partial demolition of the <br />existing park to make way for Phase 1. <br /> <br />8. Prepare revised draft fiscal, child care, and affordable housing impact reports, The <br />fiscal report is also to include a qualitative discussion of construction impacts and the <br />factors impacting the probability of the opportunity cost scenarios. <br /> <br />In addition to these new requests, over the course of the assignment we have <br />undertaken other tasks that have been requested, but outside of our original scope. The <br />most costly of these requests consist of: 1) evaluating Phase 1 impacts in addition to <br />total build-out impacts; 2) evaluating a partial demolition scenario; 3) preparing an <br />additional draft report and response to staff questions; and 4) evaluating three <br />opportunity cost scenarios, while the contract refers to two scenarios. <br /> <br />Proposed Additional Budget <br /> <br />As detailed in the attached spreadsheet, we are requesting approximately $57,600 of <br />additional budget authorization to undertake the additional services, attend five <br />additional meetings, and prepare a third draft of the reports and three final reports. The <br />preparation of any additional analysis or attendance at additional meetings beyond what <br />is specified in the attached spreadsheet will be billed on a time and materials basis, in <br />accordance with the attached fee schedule. <br /> <br />We look forward to working with you to complete these evaluations and discussing any <br />questions or comments that you may have about this request. <br /> <br />Sincerely, <br /> <br />KEYSER MARSTON ASSOCIATES, INC. <br /> <br />j l / ,..-. <br />, ~-r /-:?(? -7 ~' ),,' 7 ~.- ~ <br />--D' bb' M K / ~''-l_ <br />e Ie . ern <br /> <br />900b-1040.doc; jf <br />99900 <br />