Title
CC - Approval of a Three-Year Professional Services Agreement with Keyser Marston Associates for Financial Analysis Services with the Option of Two Additional One-Year Terms in an Aggregate Amount Not-to-Exceed $75,000.
Body
Meeting Date: January 14, 2019
Contact Person/Dept: Todd Tipton/CDD
Phone Number: (310) 253-5783
Fiscal Impact: Yes [X] No [] General Fund: Yes [X] No []
Public Hearing: [] Action Item: [] Attachments: Yes [] No [X]
Commission Action Required: Yes [] No [X]
Public Notification: (E-Mail) Meetings and Agendas - City Council (01/09/19)
Department Approval: Sol Blumenfeld, Community Development Director (01/07/19)
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RECOMMENDATION
Staff recommends the City Council approve a three-year professional services agreement with Keyser Marston Associates (KMA) for financial analysis services with the option of two additional one-year terms in an aggregate amount not-to-exceed $75,000.
BACKGROUND
The Community Development Department requires financial analysis services to, among other things, analyze real estate transactions and affordable housing/density bonus requests (SB1818), assist with real property negotiations and affordable housing transactions, and value community benefits in connection with the City's Mixed Use Development Ordinance.
DISCUSSION
On October 25, 2018, the City published a Request for Proposals (RFP #1922) for financial analysis services with responses due November 29th. The RFP was posted to the City's website along with a GovDelivery notification issued to more than two thousand subscribers to the RFP/Bid Notices topic. At the time of closing, the following two firms submitted proposals for the requested services:
Vendor Location
KMA Los ?ngeles, CA
Economic & Planning Systems, Inc. Los Angele, CA / Oakland, CA / Denver, CO
During the evaluation process samples of the...
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