Title
Recommendation to Authorize the City Manager to Execute an Amendment to an Agreement with Willdan Financial Services, Inc. to Add the Amount of $50,000 for a Total Contract Amount of $120,000 for Economic Consulting Services Related to Alameda Point. (Base Reuse 819099)
Body
To: Honorable Mayor and Members of the City Council
From: Elizabeth D. Warmerdam, Interim City Manager
Re: Recommendation to Authorize the City Manager to Execute an Amendment to an Agreement with Willdan Financial Services, Inc. to Add the Amount of $50,000 for a Total Contract Amount of $120,000 for Economic Consulting Services Related to Alameda Point
BACKGROUND
The City of Alameda retained Willdan Financial Services (Willdan) in July 2013 to provide economics consulting services to the City as the City pursued entitlement, disposition and development efforts associated with the reuse and redevelopment of Alameda Point.
Willdan's previous work with the City included:
* Preparing fiscal impact analyses for Alameda Point;
* Advising the City on a conceptual financing plan for Alameda Point, in general, and as part of the Waterfront Town Center Plan area within Alameda Point;
* Evaluating the financial qualifications of potential developers at Alameda Point; and
* Supporting the City in negotiations with developers on transaction documents, such as term sheets, Exclusive Negotiation Agreements, and the proposed Disposition and Development Agreement with the Site A developer.
City staff is recommending an amendment to its existing agreement with Willdan for economic consulting services for Alameda Point to continue providing similar services on an as needed basis. Under a separate contract, Willdan also prepared the City's Development Impact Fee analysis for the City and Alameda Point and is helping the City prepare a benefit-cost analysis for the City's application for a $10 million federal grant for multi-modal street infrastructure.
DISCUSSION...
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